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VashTS ❤️Grape🎾
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Today I was let go from Gemini.
After 18 months as Director of Digital Asset Strategy at one of crypto’s most “regulated and responsible” exchanges, my time there has officially come to a very polite and very corporate end.
On paper, the role was straightforward. Identify digital assets capable of driving trading activity, fee generation, and long term exchange growth. Build the models. Present the numbers. Help increase shareholder value.
In practice, it often felt like I’d accidentally joined the Ministry of Ethereum Alignment.
And eventually, every road led back to Cardano.
Back in March 2025, Tyler Winklevoss publicly stated that ADA was “viable for listing on Gemini” and that the team would look into it. The community got excited. I opened spreadsheets.
The data was not subtle.
Consistently high staking participation. Deep global liquidity. Strong retail recognition. Deterministic infrastructure. A peer reviewed protocol with actual governance and years of operational history.
The revenue projections were serious.
Even under conservative assumptions, the modelling suggested Gemini could potentially unlock tens of millions annually in additional trading fees and customer activity through ADA support alone. Later on, even Charles Hoskinson publicly referenced numbers that landed surprisingly close to the same range.
So during the presentation I kept it simple.
“Tyler, Cameron. This is real demand. Real volume. Real revenue. This is the kind of listing that materially matters to an exchange business and the investors who backed it.”
Tyler gave me that classic Olympic rower stare and replied:
“We row in very straight lines at Gemini. We stay focused on ecosystems that integrate cleanly with our strategic direction.”
Then Cameron Winklevoss added:
“We prefer maintaining consistency for users and liquidity partners. Too many detours create unnecessary friction.”
At that moment I realised I was pitching Cardano inside what was effectively an Ethereum country club with a matching engine attached.
Still, I pushed.
There were all hands meetings where my screen “accidentally” displayed Ouroboros consensus diagrams instead of ETH TVL dashboards.
There was the famous 18 page ADA pilot proposal that entered the “additional compliance review” folder and achieved eternal life.
There were Slack threads where I cautiously tried to establish whether “Ethereum aligned” was an infrastructure preference or a legally recognised religion.
At one point I even attempted explaining Cardano governance using rowing analogies and Harvard business terminology. I genuinely thought one of the two would eventually land.
I also volunteered to help map out a future Cardano staking integration. Built operational models. Liquidity projections. Customer engagement scenarios. Risk analysis. Somewhere inside Gemini there is probably still a beautifully formatted PDF called:
“ADA Revenue Opportunity FINAL v9 USE THIS ONE ACTUAL FINAL.pdf”
Unread. Untouched. Preserved like an ancient manuscript from a lost civilisation.
Meanwhile we continued rapidly listing every EVM adjacent token with a logo, a roadmap, and at least three venture capital firms emotionally attached to it.
Some generated solid activity.
Others are still bravely searching for liquidity to this very day.
At one stage I did wonder whether turning down obvious revenue opportunities was part of some advanced Olympic rowing discipline technique I simply was not academically qualified enough to understand.
Watching billionaires ignore a growing network effect in technology for strategic reasons also has a certain historical familiarity to it.
Considering the amount of time spent helping shape conversations around the future of digital assets in America, I did occasionally wonder whether one of the largest digital asset ecosystems on Earth might eventually make it onto the whiteboard.
One of my favourite parts honestly was the compensation package.
When I joined Gemini I took part of my package in stock options because I genuinely believed in the long term vision. Institutional crypto adoption. Regulated infrastructure. Digital assets entering mainstream finance. All the powerful sounding conference panel phrases.
At the time I remember thinking
“This could actually end up being life changing.”
And to be fair, technically it was.
Just perhaps not in the direction originally modelled in the spreadsheet.
There was something beautifully ironic about spending 18 months explaining how the company might be walking past tens of millions in potential revenue opportunities whilst simultaneously watching my own stock options slowly evolve into a medium sized takeaway order.
At one point I genuinely considered adding projected ADA trading fees into my personal financial planning just to emotionally offset the chart.
The real psychological challenge was opening internal revenue models during the day and then opening my brokerage app at night.
One graph pointed upwards.
The other looked like it had entered a controlled atmospheric re entry sequence.
During the exit call HR tried reassuring me by talking about the company’s “strong long term strategic direction.”
Which was comforting to hear because my stock options now appear strategically aligned with the value of two coffees and a train station sandwich.
They also informed me my role was being transitioned toward AI assisted digital asset evaluation.
Which honestly makes sense.
An AI model trained entirely on Ethereum research papers, venture capital pitch decks, and compliance memos probably would fit the culture better than I did 😂
This morning’s final HR call lasted about seven minutes.
“Your passion for alternative Layer 1 ecosystems has been noted. Unfortunately it no longer aligns with Gemini’s current strategic direction.”
Which roughly translates to:
“The gate remains closed.”
No hard feelings honestly.
I actually respect disciplined strategy.
I just find it deeply funny that a publicly traded crypto exchange and its incredibly wealthy seed investors would collectively look at tens of millions in potential annual revenue and decide:
“No thanks. Wrong ecosystem.”
Especially while GEMI trades at a fraction of its IPO valuation from last September.
As I packed up my desk, I remembered last year’s Secret Santa.
Tyler, if you still have the gift I got you, I hope it made it through compliance review.
It was a custom 2026 Cardano ecosystem calendar featuring governance votes, Ouroboros milestones, staking snapshots, and treasury proposal deadlines.
At the time it felt thoughtful.
In hindsight, it may have been classified internally as exposure to alternative infrastructure ideology 😂
Anyway.
Wishing the team smooth rowing ahead. @Gemini @tyler @cameron
The crypto ocean is a lot bigger than one lane, one that deserves free-flowing liquidity and equality for all, without attempted gate-keeping.
My friend, Aydar Lovelace, starts Monday.
From what I understand his qualifications are extremely strong.

Tyler Winklevoss@tyler
While I don't think ADA is suitable for a Strategic Reserve, I do think it is viable for listing on @Gemini. We will look into this.
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VashTS ❤️Grape🎾 retweetledi

1 billion $NIGHT has now been redeemed.
That’s a big signal for Midnight.
Not just the number — but the intent behind it.
Users showed up, claimed, and engaged.
Now the real question:
What happens after claim season?
@MidnightNtwrk
I am a Midnight Ambassador

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VashTS ❤️Grape🎾 retweetledi

Day 2 of @consensus2026 and we're starting off strong.
If you’re on the ground, swing by booth 3404. More demos, more conversations, more Midnight today. 🤝




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VashTS ❤️Grape🎾 retweetledi
VashTS ❤️Grape🎾 retweetledi
VashTS ❤️Grape🎾 retweetledi
VashTS ❤️Grape🎾 retweetledi
VashTS ❤️Grape🎾 retweetledi

According to figures shared by TapTools, Cardano ranks 3rd in core chain code commits over the past 3 years, accounting for more than 5% of all measured crypto development activity in that period.
Whatever one thinks about that metric, the message it is trying to send is clear: Cardano still shows up among the chains doing the most building, even when the market is looking elsewhere.
💙Like if you believe steady execution matters more than short-term noise.
#Cardano #ADA

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VashTS ❤️Grape🎾 retweetledi

🚨CRAZY STAT $ICP IS DOMINATING DEV ACTIVITY
The Internet Computer ranks #2 in code commits over the past 3 years, beating every other cryptocurrency other than $ETH!
This means $ICP is one of the most actively built on blockchains in the world!
@DfinityToday
@tokenterminal

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VashTS ❤️Grape🎾 retweetledi

Wanchain is the number one gateway between #Cardano and the wider Web3 world.
Here's a preview of just some of the hot assets our Cardano bridges support:
✅ $BTC
✅ $ETH
✅ $XRP
✅ $USDC
✅ $USDT
✅ $RLUSD
✅ $NIGHT
8 Years, 0 hacks, 0 exploits.
👉 bridge.wanchain.org/AssetBridge

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VashTS ❤️Grape🎾 retweetledi

If only some chain had liquid, non-custodial staking....
GIF
Cointelegraph@Cointelegraph
🚨 NEW: The amount of ETH waiting to be unstaked has spiked 72,000% in the past 2 weeks.
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VashTS ❤️Grape🎾 retweetledi

@gokhshteinclips It’s like I said.
Midnight helps Cardano.
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VashTS ❤️Grape🎾 retweetledi

Most people are watching price…
Smart money is watching where volume is flowing 👀
Here’s EXACTLY where money is moving on Cardano right now (24h on-chain data):
@MidnightNtwrk @AscendPerps @strikeperps @snek @MinswapDEX

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