Brian Fabian Crain

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Brian Fabian Crain

Brian Fabian Crain

@crainbf

retired entrepreneur. previously co-founder and ceo @chorusone (acq by @bitwiseinvest). co-host @epicenterbtc & investing @frachtisvc

here Katılım Eylül 2010
1.1K Takip Edilen15.1K Takipçiler
Ale
Ale@0xdanzu·
Brahma has been acquired by @Polymarket. We started @BrahmaFi in late 2021 with a simple bet: crypto infrastructure was too complex for the people who stood to benefit from it most. Over four years we built vaults, smart accounts, automated execution, and a full payment settlement stack connecting crypto to credit cards. All trying to close the gap between what DeFi could do and what users could actually use. It wasn't always smooth, but we shipped through every cycle and came out the other side with something we're proud of. It started with a late night ping from @allquantor: "get on the phone, Shayne wants to talk to you guys." One call turned into many. Polymarket is scaling fast and building products that need the exact kind of infrastructure thinking we'd spent four years developing at Brahma. That overlap was obvious from day one. Prediction markets are the clearest example of a crypto-native product going mainstream, and the ambition is to take that much further. New market categories, new product surfaces, mainstream audiences. That's exactly the kind of problem my co-founders @kakujain, @BapireddyK and I want to focus on next. Our product and engineering team is joining to help make it happen. To everyone who built with us, used what we made, or backed us when it was just an idea - thank you. We're here to build. fortune.com/2026/03/18/exc…
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Brian Fabian Crain
Brian Fabian Crain@crainbf·
I'm generally a fan of the UAE and impressed with how they have developed the country in the last decades. It's tragic that it's becoming so negatively impacted by the war. But trying to censor and arrest people for sharing images of damage is a very short-sighted move by the government. It's just not possible to keep things like this secret and it will damage trust in the government at a time when that is most needed.
Sulaiman Ahmed@ShaykhSulaiman

BREAKING: THREE PEOPLE WHO SURVIVED A DRONE STRIKE IN DUBAI WERE ARRESTED AFTER THEY SENT PHOTOS OF THE AFTERMATH TO THEIR LOVED ONES The group were inside their Creek Harbour apartments when a drone struck on Wednesday evening. They survived, and took photos which they sent to family to let them know they were safe. But according to campaign group Detained in Dubai, the survivors were later arrested after police turned up and demanded to see their phones. Detained in Dubai’s Radha Stirling posted online: “Three traumatised survivors of an Iran drone strike were arrested after privately sharing a photo with loved ones confirming they were alive following an explosion on their apartment floor. “Instead of receiving victim support, they were locked up by Dubai police.” “They are asking people to search their phones in the streets,” she added. “Dubai police need to roll back their hypersensitive reaction. These arrests are arguably more damaging than the footage of explosions you seek to censor.” [@LBC]

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Brian Fabian Crain
Brian Fabian Crain@crainbf·
Soon it will become a signal for public companies. The more people you lay off, the better you must be at using AI…
jack@jack

we're making @blocks smaller today. here's my note to the company. #### today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone. first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay. we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly. i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures. a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers. we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold. to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward. to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow. jack

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Brian Fabian Crain
Brian Fabian Crain@crainbf·
I'm excited that finally the sale of @ChorusOne to @bitwise has closed and been announced! Over 50 of our brilliant people are moving over to Bitwise and becoming part of Bitwise Onchain Solutions. I'm incredibly grateful and happy with this outcome. Bitwise is an outstanding company and I've loved working with their leadership team @HHorsley, @hongkim__ and @teddyfuse throughout this process. Bitwise is building the dominant specialized asset management company for crypto. Aside from ETFs and other regulated products, they already have strong staking experience through their Ethereum operation and will now be in a formidable position to be the #1 player in staking and stablecoin yield / vaults as well. Over time, it became clear that consolidation was coming to the crypto industry and that staking is best delivered as part of a larger platform. Bitwise is the perfect home for that. Bitwise is also the right fit from a culture perspective. They combine deep passion for the industry, a dedication to research and a long-term oriented mindset. I have no doubt that a lot of the Chorus One team will be there for many years and have a big impact on the organization they are building. As for me, I'll be transitioning to an advisor role and will be supporting Bitwise going forward from the sideline. This is a long 8-year chapter that is coming to a close since Meher and I started the company at the dawn of Proof-of-Stake. There have been many ups and downs through this journey. We've had great successes and big setbacks. We were involved in launching the first testnets and mainnets from Cosmos to Solana. We did some of the earliest work on liquid staking and helped launch Lido. We made great decisions and terrible ones too. I'm grateful for all these years. I've learned more than I could have imagined, worked with incredible colleagues and am now able to have that work transition into something even greater. I want to thank the Bitwise team for their trust in us and valuing what we've built. I also want to thank all the people who worked at Chorus One over the years. And all the customers and partners who supported us. I also want to thank Paul McCaffrey and his fantastic team at KBW for their support in the process.
Bitwise@Bitwise

We’re pleased to announce that Bitwise has acquired Chorus One, a leading institutional staking provider with over $2 billion in staked assets. The business has been incorporated into Bitwise Onchain Solutions, the staking division of Bitwise, and expands our staking capabilities to over 30 proof-of-stake networks. Excited for the future —

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Johannes Rude Jensen
Johannes Rude Jensen@Joje16ab·
@crainbf @ChorusOne @bitwise Congrats Brian, this is really great news! Remember talking to you about Chorus One when you were just starting out at the old Full Node, back in the day. What a journey! 😁
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Abhitej | Bento.fun
Abhitej | Bento.fun@abhitejxyz·
@crainbf @ChorusOne @bitwise Congratulations Brian. Witnessing you and Meher build Chorus into a PoS pioneer and leading research on areas like liquid staking has been a true pleasure. Huge respect 🫡
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