J/\ck

@jonbma Thank you for the quick reveal of RHC data! Interesting to see Memes dominating out of the gate

"If—" is a poem by English poet Rudyard Kipling If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too: If you can wait and not be tired by waiting, Or being lied about, don't deal in lies, Or being hated don't give way to hating, And yet don't look too good, nor talk too wise; If you can dream—and not make dreams your master; If you can think—and not make thoughts your aim, If you can meet with Triumph and Disaster And treat those two impostors just the same: If you can bear to hear the truth you've spoken Twisted by knaves to make a trap for fools, Or watch the things you gave your life to, broken, And stoop and build 'em up with worn-out tools; If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings ⁠And never breathe a word about your loss: If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you ⁠Except the Will which says to them: 'Hold on!' If you can talk with crowds and keep your virtue, Or walk with Kings—nor lose the common touch, If neither foes nor loving friends can hurt you, If all men count with you, but none too much: If you can fill the unforgiving minute With sixty seconds' worth of distance run, Yours is the Earth and everything that's in it, ⁠And—which is more—you'll be a Man, my son!

Why total return swaps (TRS) are better than perps; - same capital efficiency - same leverage - fill at all available onchain spot liquidity - cheaper funding (a 50x btc long / short would currently be -2.99% / +3.59%) - no ADL Next release on @flyingtulip_

PALANTIR CTO: “FOR $10 BILLION, ELON MUSK PUT 300 ROCKETS IN ORBIT.” “FOR $11 BILLION, THE STATE OF CALIFORNIA HAS BUILT 1,600 FEET OF ELEVATED RAIL... WITH NO RAIL.”

Why are people re-rating Defi tokens? They thought the TAM was crypto, so ~$2 trillion. They're realizing its finance, so ~$400 trillion.

As a VC, Fable is better than me at VC work. It breaks down white papers better than I do. It's better at financial analysis. It chews through mountains of diligence in minutes. There is no single well-scoped intellectual task where I beat a frontier AI. I catch its mistakes sometimes, but it catches mine more often. If my job is "VC work," then Fable is better than me at my job. But Fable alone would be a mediocre investor. It would quickly pass on all the bunk, sure. But among the set of doable deals, it can't find the one with the je ne sais quoi. It doesn't have the bias toward special people, wild ideas, or risk-taking. Its tweets and thinkpieces are OK, but they're too safe, too obvious. I can prompt it in the right direction, but even then it's not quite right. It's too suggestible. It changes its mind too easily. It's not stubborn, self-assured, irrationally confident about how the future will play out, the way great investors are. But me + Fable is really good. Better than either of us alone. In fact every investor on our team has leveled up with AI in the same way. We all feel we have more to do now, not less. We feel more capable, not less. My theory is that AI disempowers service providers and empowers owners. If you sell your labor by the task, AI is genuinely terrifying. It can accomplish that task cheaper, faster, with more control and less bullshit. But if you own the outcome, if you're using AI to do something for you, then AI is amazing. It's empowering, not disempowering. Make your own logo, design your own website, write your own copy, build your own systems. It also means is that you should aim to reorganize yourself in the food chain. If you don't, AI will do it for you. Don't be a service provider, be an owner. If you're building something, you are a beneficiary of AI, all of the incredible gains that AI is enabling will accrue to you too. But if you're a tax on people building things, just know that the tax rate on building is rapidly going to 0.

to every young guy chasing this, i promise you it feels as good as you think it will

VVV and Capital Measured by revenue, Venice has become the largest company at the intersection of AI and cryptoeconomics. Today, we announced Venice’s first round of outside capital, a $65m Series A led by @dragonfly_xyz, valuing Venice’s equity at $1 billion. Since we are an atypical company, this thread describes how this equity raise relates to the most valuable asset we have on our balance sheet, our capital token base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf

@brezshares Thanks for taking the time in converting a lot to a history lesson and a bet in onchain finance.

Excited to announce our collaboration with @Blackrock. →Integration of USDe into BlackRock's Aladdin platform →BUIDL as the primary asset for our whitelabel product →Liquidity facility on BlackRock tokenized products The integration of USDe on Aladdin provides unique institutional access for the >$20 trillion of assets managed by financial institutions on Aladdin.

Data center water use, contextualized (chart via @axios)

Get in, we’re Americamaxxing

@ground_onchain Proud to be backing @ground_onchain

Introducing Ground, the Money Infrastructure Company, supercharging banking and finance. We have been quiet, building with design partners. Today, we launched out of stealth, alongside a $3.6 million pre-seed funding round, to embed onchain finance everywhere, starting with yield. Ground turns any stablecoin or cash balance into a yield-bearing balance through one API. One integration provisions wallets, deploys into configurable on-chain yield sources, and emits ledger-ready accounting your end-user UI and internal systems can use on day one. The bar is fintech UX, not blockchain UX. Yield should feel like a native balance feature, not a gas-and-retries engineering project. You pick allocations, set policies, and stay in control of funds. Ground hides blockchains and complex onchain mechanics. Built for any financial platform or asset manager like neobanks, fintechs, corporate treasuries, and wealth managers. Founded by fintech and digital asset veterans from @stripe, @SuperstateInc, @hifibridge, and @compoundfinance. Backed by @BainCapCrypto, @paraficapital, @nascent , @robotventures, @chapterone, and Consonant Ventures. - @rmcuming, CEO and @realsamyoon, CTO

Our company uses @BlinkCashX for deposits, and I genuinely have to show some love to the team behind it. The product is insanely simple, fast, and reliable. They've been absolutely crushing it and have made onboarding users way easier for us. If you're building in crypto, definitely check out Blink. Nothing but respect for the team.

Everyone has been asking where they can try Blink. So we built an app powered by @megapot so you can test the flow yourself. Deposit $1, see how easy Blink feels, and get 3 Megapot tickets on us. Link in bio <3

$100,000,000 in the last 30 days 🚀 @SX_Bet just had its first nine figure month, and its happening because the sharpest bettors onchain are demanding a better product than Polymarket Better odds. Quarter and whole point spreads they don't have. A chain that doesn't crash. 👇