JR | Multicoin Capital

The Clarity Act is essential for America’s future. We are down to “word smithing” around an ethics clause. US citizens don’t want politicians financially getting a better ‘edge’ than the common citizen has. Both Republicans and Democrats know this. They both see the polls. I am calling on both sides to read the room. This is going to mean that the Republican senators are going to have to push harder with the White House and that Dem senators need to realize they are not going to solve all corruption issues govt wide in a digital assets bill. Prove to us that, like with housing, congress can still function for the long term good of the American people.

UBS raising a uranium supply red flag: "While the earth’s uranium resources are ample, the main challenge is timing: Many of today’s largest mines will see declining output or exhaustion within 10-20 years. The World Nuclear Association warns that output from existing mines could fall by about 50% from 2030 to 2040 as current deposits are depleted. Without new projects, the gap between rising demand and shrinking supply could widen dramatically, threatening the nuclear revival. Developing new mines is a lengthy process—often taking 10-20 years from discovery to production due to permitting, financing, and construction hurdles. The industry has been slow to invest in new large mines after a decade of low prices." Couple this with a recent visual from Goldman, and it really makes you wonder where reactor owners are planning on getting their uranium from in the decades ahead...

On-ramps will be killed within the next year. They will be replaced by unified deposit solutions. This is already happening. Polymarket now does 8x more fiat payments with unified deposits than they did via on-ramp aggregation.

It's time to pass the CLARITY Act. 🇺🇸

I feel it

Tomorrow marks one year since my GENIUS Act became law. Before GENIUS, America lacked a clear federal framework for stablecoins, a gap that threatened innovation, competitiveness, and the long-term strength of the U.S. dollar. One year later, the United States has the first comprehensive federal framework for payment stablecoins, positioning America not just to participate in the digital asset economy, but to lead it. It was a watershed moment, and it’s only the beginning.

A year ago today, the House passed the CLARITY Act with nearly 80 Democrats joining Republicans in support. Since then, the bill has sat in the Senate. It is time for the Senate to pass the CLARITY Act and send it to @POTUS desk to provide the regulatory certainty America needs to remain THE global leader in digital assets.

LATEST: 🇺🇸 Former House Financial Services Chair Patrick McHenry says the CLARITY Act is the most important technology law since the Telecommunications Act of 1996.

Pass the CLARITY Act: ✅Protect consumers ✅Fit for purpose regulations ✅Ensure the U.S. wins the Web3 race

✅Certainty for developers ✅Protection for investors ✅Integrity for markets Digital asset legislation should deliver all three, and the Clarity Act does.

We wrote the Clarity Act to give law enforcement more tools, not fewer. The Clarity Act writes real-time interdiction between exchanges and investigators into law, allows illicit funds to be frozen in hours instead of waiting years, and preserves every money-laundering charge investigators already rely on. coindesk.com/opinion/2026/0…

Hermes merged 50+ PRs in the last 24hrs DESKTOP: • Button tooltips now show keyboard shortcuts you can search in settings • Session switching is now instant, even with massive conversations • Sidebar correctly shows when background tasks are running • Your zoom level stays the same when moving between monitors • App won't freeze checking Git status anymore • Better default model selection • Fixed model picker reverting in threads • Handles profile switches without losing your conversation routing MODELS: • Hermes now auto-detects Kimi's advanced K3 model • K3 added to Nous Portal and OpenRouter, older K2 versions retired • Ollama Cloud and LM Studio now handle advanced reasoning settings properly • DeepSeek API cache tracking fixed for accurate usage reports • Pricing updated for new DeepSeek v4-flash model GATEWAY & CHAT PLATFORMS: • Telegram, Discord, and Matrix now have quick selection buttons for /reasoning and /fast instead of typing them out • Google Chat can now receive updates directly via HTTP callbacks • Discord's /reasoning command has a proper dropdown menu • Terminal settings like Docker now work correctly in background processes • Pre-update backups simplified and faster AUTHENTICATION & SECURITY: • OAuth redirects can now go through external proxies and WAF-safe hosts, making remote machine auth easier • Multiple OAuth logins can happen at once without interfering • API keys from custom environment variables work across all interfaces (TUI, desktop, cron, CLI) • Malformed authentication input returns proper error codes instead of crashing • Hermes correctly routes requests to custom providers like Palantir DEVELOPER TOOLS: • You can now manage Kanban board attachments from the CLI and fetch them securely from URLs • New hermes config get and hermes config unset commands make configuration management easier • Code formatting tools auto-fix style issues automatically STABILITY: • Heavy computation in dashboard runs in separate processes • Database operations that block communication now run in background • Custom themes apply instantly without flash • Hermes handles duplicate session titles without data loss • Message truncation won't hang anymore 9+ new features. 37+ fixes. The velocity is unreal

HL Global exists to meet, understand, and document the Hyperliquid ecosystem. On July 16 at the HL Summit, builders and researchers share their theses: Market Microstructure of Perpetual Futures - @RuizheJia @Stanford Multicoin's HYPE Thesis - @SpencerApplebau @multicoin Risk-Based Auto-Deleveraging - @ciamac @Columbia_Biz Grayscale Research: Hyperliquid Breaks the Mold - @LowBeta @Grayscale

Big news: Kimi-K3 by @Kimi_Moonshot is now #1 in the Frontend Code Arena with 1679 pts, surpassing Claude Fable 5. This is a 17-place jump from Kimi-k2.6 (#18 -> #1). In Frontend, Kimi-K3 ranked #1 in 6 of 7 domains: Brand & Marketing, Reference-Based Design, Data & Analytics, Consumer Product, Simulations, and Content Creation Tools, landing #2 only in Gaming behind Fable 5. The full model weights will be released by July 27. Congrats to the @Kimi_Moonshot team on this major milestone!

The new development cycle in one image.

EXCLUSIVE: Multicoin Capital makes first Hyperliquid ecosystem investment in Trasia, an Asia-focused trading platform theblock.co/post/408670/mu…

Ngl this is beautiful

@neilhar Huge draft pick for Austin

Big life update: after living in NY for the last 30+ years, I am moving to Austin, Texas. NYC will always be the best city in the world, but it’s time for something new. There is a lot of strong energy around Austin – if you’re local or passing through, let me know!

@abhay Yeah whole sky

@johnrobertreed Is the air orange?

What. The. Hell.