@OndoFinance Heartbreaking news. Grateful for everything Nathan built and the standard he set for our industry. Thinking of his family, the Ondo team, and everyone who knew him.
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Alex Felix
1.8K posts
Alex Felix
@flex4blox
@coinfund co-founder & CIO, @dartmouth and skier. Not investment advice, these are my personal opinions.
NYC Katılım Mayıs 2010
1.5K Takip Edilen4.6K Takipçiler
It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.
Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated.
Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team.
We will continue building what Nate started. That is the most meaningful way we know to honor him.
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Alex Felix retweetledi
Today we're releasing Agora: the first ever pretraining stack that allows non-collocated consumer GPUs to be competitive with centralized clusters
Agora is 15x faster than Megatron-LM in this setting and is only 1.5x less efficient in terms of tokens per unit compute than TorchTitan on H100s, despite running on devices that have no NVLink or InfiniBand support.
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The interesting work in prediction markets isn't in the courts. It's at the protocol layer: who resolves, what counts as a source, how insider activity gets priced.
You can win the gambling debate and still end up with great sportsbooks and mediocre oracles.
bloomberg.com/news/newslette…
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Alex Felix retweetledi
1/ @CoinbaseAM has selected Superstate FundOS to launch an onchain share class of the Coinbase Stablecoin Yield Fund (CUSHY) in Q2 2026.
For the first time, FundOS is powering a third-party fund launch from inception.
superstate.com/newsroom/coinb…
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@guywuolletjr Either works. You buy back when undervalued and pay dividends when the business is mature. Do you think we need to pick a team?
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1/ Buy-and-burn is becoming the default ‘capital return’ strategy in crypto. I think this is a big mistake.
Stop it. Get some help.
Profitable protocols shouldn’t shrink their balance sheets when they can do productive things instead.
GIF
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In 2016, all US venture investment was about eighty billion dollars.
In 2018, one hundred thirty billion.
In 2022, two hundred forty billion.
In 2026, one OpenAI round was one hundred twenty-two billion.
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Iran's Bitcoin toll in the Strait of Hormuz shows global crypto rails cut both ways, you don't get dollar access in Buenos Aires without the same rails being available to the IRGC
If you want to actually stop illicit finance, you don't go after wallets and shell exchanges that are disposable, that is whack-a-mole. The leverage is at the human layer, in the operators and their coordination channels
That's why we backed @IntelTweet and @trycloudburst, which bridges the gap between blockchain data and real-world threat actors for government and commercial customers
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The wait is over
Every bank and fintech in the country now has a regulatory path to issue stablecoins
Institutional capital is about to move onchain in a big way, and I cannot think of a better positioned team than @dakota_xyz to capture it
Bloomberg@business
The FDIC, which backs deposits at thousands of US banks, is laying out its guidelines for how those institutions and their fintech subsidiaries can use stablecoins bloomberg.com/news/articles/…
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If Back were Satoshi, that means he emailed himself, asked himself a question he already knew the answer to, and then "forgot" to read his own whitepaper promptly.
Adam Back is to Satoshi as Tony Stark's armorer is to Iron Man. Critical to the story. Didn't build the suit...
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@JasonYanowitz @hal2001 The onchain part doesn't change the cap table math. Convert to equity and you potentially have 10k+ shareholders: most private company exemptions cap out well below that. What's the legal structure that actually makes this work at scale?
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Been speaking with dozens of small cap token founders.
@hal2001 and Across broke the seal.
We are about to see several teams convert their tokens back to equity. But they'll keep it onchain.
All the shareholder rights of equity, all the benefits of being onchain.
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@coinfund remains independent, venture-focused, and fully committed to writing checks to top founders in crypto. Congrats to Chris and Seth on this exciting next move.
WSJ Markets@WSJmarkets
Franklin Templeton said it would buy a spinoff from the venture firm CoinFund to expand its cryptocurrency-investing offering on.wsj.com/4v0Xqwo
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You wouldn’t know we’re in a bear market walking into @blockworksDAS
Institutions aren’t waiting for prices to recover, they’re building and allocating now
As @JasonYanowitz said, crypto will win. Tomorrow I’ll be on stage with @robbieklages, @tarunchitra, and @samantha_bohbot talking about the infrastructure that will make that possible
Yano 🟪@JasonYanowitz
Our goal for DAS this year was simple. Inject optimism back into this industry. Optimists always win. Always. But I get the sense crypto has been overtaken by pessimism. We need to snap out of that NOW. We have been building Blockworks since Dec 2017. I have never seen this much momentum, this many tailwinds, this much institutional and political support for crypto, this much real world adoption. And all I hear on this app is complaining about the tokens going down. Most tokens will stay down, that’s ok! But what most seem to be missing is that the winners are emerging. Their tech will get adopted globally. Their platforms will be seen as staples of society. And yes, their tokens will go up (a lot). We wanted to show you with DAS this year that crypto will win. I hope we’ve played a small role in sparking your optimism in this idea. Crypto will win.
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Crypto M&A surged 7x in 2025 to $37B
@Mastercard just acquired @BVNKFinance for $1.8B, the largest deal of 2026 and #2 all time behind @coinbase acquisition of @DeribitOfficial
Two $1B+ exits in stablecoin orchestration in under two years (Bridge acquired by Stripe was the first)
Keep an eye on @dakota_xyz, which is building in this area with a differentiated approach on both technology and licensure. Most teams only get one of those right. They’re nailing both
Someone in this space will build a much larger outcome for investors. The category is still early. Good read from @bdanweiss at @FortuneMagazine: fortune.com/2026/03/17/mas…
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@santiagoroel Nice framing. Where do you think the next wave of crypto entrepreneurs comes from?
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This year I’m on pace to make the lowest number of angel checks into crypto. Dollar-wise I’m still deploying the same amount but more concentrated and in other sectors. Why is that?
I haven’t seen that many good projects lately. Maybe a skill issue of mine, or founders are reaching out less because I’m heads down building Inversion now.
But a lot of crypto VCs say the same thing, that they haven’t seen many novel ideas or great teams. Most of the venture dollars are going to later stage projects like Polymarket and Kalshi.
Sentiment is quite bad out there.
It’s so tempting to say we’ve innovated what we could. Perps are dominated by Hyperliquid. Gaming and social are “dead,” for now. I’ve seen this movie before.
We haven’t finished innovating. Not even close. Most of what we’ve done is copy traditional finance and make a lot of the same mistakes in the process.
But we have killer 0 to 1 foundations that have set the stage for the next crop of builders.
The market has less patience for the 10th prediction market or perp protocol. It has zero for social, gaming and NFTs. For now.
We need more creativity from builders. We need a few bold ones to try it again when so many have failed.
Builders will come, but not right now. The best and brightest are in AI. We’ve seen this movie before too.
Yes, it’s very hard to get scale. It always is. In some ways the days of making easy money with ICOs is dead. Such is the state of early movements. We’ve grown up. It’s more competitive but my god it’s not remotely late. It’s painfully early.
I spend less time on angel investing now, making the occasional bet on founders I’ve followed or in spaces synergistic to Inversion.
But I’m optimistic. Great founders get discovered and ideas get funded faster today because AI and open source have radically lowered the cost of launching something.
That makes it very easy to start companies.
Builders will come because we haven’t solved crypto. There are plenty of hard problems and smart people want to work on hard and meaningful things. Crypto has no shortage of either.
Suraj Sharma@suraj_sharma14
Here are the Web3 angel investors actively backing builders right now: 1.) Naval Ravikant (@naval) AngelList founder. Early Bitcoin believer. One of the most influential angels in all of tech not just Web3. Backs founders who are building for the long term. Not the next cycle. Focus: infrastructure, DeFi, open source, crypto primitives 2.) Balaji Srinivasan (@balajis) Ex-CTO of Coinbase. Former General Partner at a16z. One of the most crypto-native angel investors alive. Backs builders who understand why decentralization actually matters. Focus: network states, DeSci, Bitcoin, decentralized infrastructure 3.) Tyler Winklevoss (@tylerwinklevoss) Co-founder of Gemini. Co-founder of Winklevoss Capital. Seed and Series A stage. Brings direct operational experience from building a major crypto exchange. Focus: Web3, gaming, media, institutional crypto infrastructure 4.) Evan Luthra (@EvanLuthra) Builder-first philosophy. One of the most active angels backing early Web3 founders globally. Known for hands-on guidance from the ground up before projects reach scale. Regular presence at blockchain events. Active on X with his portfolio. Focus: early stage Web3, AI x blockchain, consumer apps 5.) Kunal Shah (@kunalb11) Founder of CRED. Co-founder of Freecharge. 200+ investments across fintech, consumer internet and Web3. Most active angel investor in Asia with massive reach across India's startup ecosystem. If you're building in India this is your most relevant name on this list. Focus: fintech x Web3, consumer crypto, payments infrastructure 6.) David Tisch (@davidtisch ) Managing Partner at BoxGroup. Co-founder of Techstars NYC. Pre-seed and seed stage. High volume. Hands-on. Strong New York network. Known for backing founders at their earliest. Focus: Web3, FinTech, consumer internet, digital health 7.) Santiago R Santos (@santiagoroel) Former Partner at ParaFi Capital. One of the most respected crypto-native angels in DeFi. Deep understanding of protocol economics and on-chain governance. Focus: DeFi protocols, token design, on-chain infrastructure 8.) Stani Kulechov (@StaniKulechov) Founder of @aave . Now actively angel investing in builders working on DeFi, social and lending primitives. One of the few founders who built a billion dollar protocol and is now backing the next generation. Focus: DeFi, social finance, lending infrastructure, open source 9.) Sandeep Nailwal (@sandeepnailwal ) Co-founder of @0xPolygon . Backs builders through Symbolic Capital. Known for the Nailwal Fellowship supporting individual developers. One of the most builder-friendly angels in the entire ecosystem. Focus: ZK infrastructure, DeFi, developer tooling, Indian builders. 10.) Julien Bouteloup (@bneiluj) Founder of Stake Capital. Builder of Curve ecosystem tools. Deep DeFi native. Backs founders who understand protocol mechanics deeply. Focus: DeFi, MEV, staking infrastructure, yield protocols What angels actually want in 2026 from their own words: - Working code over whitepapers - Real users over projections - Founders who understand the problem personally - Long term conviction over short term narrative - Crypto-native judgment plus execution ability The angels still writing cheques are more disciplined and more focused on fundamentals than ever before. Hype doesn't work anymore. Traction does. How to actually reach them: - Engage with their content genuinely on X - Build something they'd find interesting - Get a warm intro through their portfolio founders - Show up consistently before you need anything Cold DMs work occasionally. Warm relationships work always. Save this for a founder who is fundraising right now.
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Alex Felix retweetledi
1/3: Three things that are working in crypto - Cleaned stablecoin payment volume hit $1.8T in February, up 2.7x y/y. Source: @AlliumLabs / @Visa
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@eastdakota I’m as big a skier as anyone but it’s basically been a real estate play. Their resorts are too crowded to be desirable. Epic Pass was genius; until it worked. Now the product is broken and the stock agrees.
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Vail Resorts ($MTN) likely to open tomorrow down to where if you invested 10 years ago you’d have done as well putting your money in a hole. It’s time for a change to become more asset-light, sell off resorts, and allow character and differentiation to return to skiing.
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Put your money where your model is.
Pro tools for prediction market trading and execution built by the one and only @MovieTimeDev.
Parity@PredictParity
Introducing Parity, your edge in prediction markets.
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@nigeleccles @Kalshi Traditional sports books operate under state gaming law + strict ad/compliance regimes. Prediction markets claim CFTC oversight as financial derivatives.
Is this really about self restraint and bad marketing ROI? Or the fight to get clarity on which regulator you sit under?
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It is clear to me that @kalshi is going down the same path as Juul, and if they don’t pull back it is going to have the same conclusion.
For those that don’t remember, Juul was one of a number of the main vaping brands in the 2010s. It took a product that had a social good (helping smokers quit) but then aggressively pushed it into a new market, non smokers and particularly kids. (See the similarity?)
The backlash took time to build but when it did it was devastating for the company.
I’ve worked in the online gaming industry for over 25 years, all over the world. This type of marketing is actually extremely rare in real money gaming. Firstly and most importantly it is rare because operators view it as highly unethical. It might surprise you that a lot of people in the gaming industry do actually care about things like underage and problem gambling.
Secondly it is also rare because it doesn’t work. Do you think the teenagers in these ads are going to keep playing when they lose all their rent money?
The only other company I can think of that pushed this type of advertising was Skillz who aggressively pushed the “second income” line. Check out their share price if want to see how that worked out for them.
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