David Hoffman

Today we're launching EthSystems. We build confidential systems for institutional Ethereum. Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools. We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time. Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more. We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website. We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists. We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere. If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: join@ethsystems.org

@hufhaus9 Disinflationary, I think. Let’s see

Looks like @mk4_lul is done selling his $13mn $LIT over the past 20 hours Higher

NEW EPISODE - Is bitcoin:native Going According to Plan? Gold, @saylor, Satoshi | @danheld @Bitcoin started as cypherpunk rebel money. Today it has ETFs, Wall Street buyers, corporate treasuries, a strategic reserve, and Michael Saylor owning a giant slice of the supply. So… is this victory? Or did Bitcoin become something very different than early maxis imagined? TRANSCRIPT --- 0:00 Is Bitcoin Going According to Plan? 2:39 Bitcoin’s Culture Changed, But Did the Code? 10:42 From Magic Internet Money to Digital Gold 16:44 Michael Saylor, Strategy and Concentration Risk 21:44 Is Bitcoin Becoming Too US-Coded? 25:47 Did Bitcoin Miss Its Scaling Moment? 31:18 Privacy, Cash and Bitcoin’s Tradeoffs 33:51 Satoshi’s Design Choices 40:06 BIPs, Quantum Risk and Bitcoin Upgrades 43:52 How Urgent Is Quantum? 46:30 The Satoshi Mystery 49:54 Bitcoin’s Next Phase of Adoption 51:40 Will Bitcoin Flip Gold? 55:27 Being Early Looks Crazy

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC strategy.com/press/strategy…