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Introducing Alpha STETH, a collaboration with @LidoFinance to put stETH back at the heart of Ethereum DeFi. Powered by the uniquely powerful GG Vault, you get: One deposit → adaptive allocation across blue-chip protocols

All your favorite DeFi strategies. One vault. September 3rd.

Elagu Eesti! 🇪🇪 Et meie iseseisvust ei peaks enam kunagi taastama. epl.delfi.ee/artikkel/12039…

The blockchain is the basis for global economic union, because it provides uniform monetary policy, payment rails, smart contract enforcement, encrypted messaging, verifiable identity, and capital formation to anyone with an internet connection.

Tokenization is the greatest capital markets innovation since DeFi Summer - RWAs over yield farms.

BREAKING: Wall Street is officially onchain. xStocks are now live on Kraken ❎ 60 U.S. equities tokenized and tradable 24/5. More coming soon. We’re not waiting for the future. We’re building it.👇 k.xyz/xStocks Not available in the U.S. or to U.S. persons. Geo restrictions apply.

Excited to see the GENIUS Act pass today. This landmark legislation will: • Upgrade our payment rails for the digital age • Establish U.S. dominance in digital asset innovation • Protect the U.S. dollar’s role as the world’s reserve currency • Deliver regulatory clarity for stablecoins • Empower Americans with faster, cheaper, and more reliable transactions The future of finance is here—and the U.S. is ready to lead it. 🇺🇸

BREAKING: 🇺🇸 Senate officially passes 'Genius Act' crypto stablecoin bill.

ETH is emerging as a macro reserve asset: scarce, yield-bearing, and deeply integrated with the next financial system. In a new op-ed, @Etherealize_io co-founder @gphummer lays out why ETH is poised to be the neutral settlement layer as trillions in global assets move onchain. Here’s the pitch.👇 ETH — the asset that powers and secures Ethereum — plays three roles in this new system: ➢ Digital oil (burned for every computation, transfer, or tokenized asset) ➢ Productive store-of-value (pays native yield via staking) ➢ Pristine collateral (non-sovereign, censorship-resistant, custodied by protocol) Each role ties ETH to core economic functions. The more it’s used, the more it’s burned, locked, and accumulated. With gross issuance capped at 1.51% and net issuance averaging just 0.1%/yr post-merge, while ~80% of fees are burned, ETH’s supply can trend toward zero or even negative. It tracks the upside of the digital economy while minimizing dilution. Why ETH Is Structurally Different from BTC BTC repriced first because its “digital gold” narrative is easy to grasp. ETH’s pitch — (fuel, collateral, ownership stake) — is more complex, but grounded in broader, more durable demand. ETH combines reserve-like scarcity with the necessity of an industrial input. Its value scales with onchain economic throughput, not just perception. ETH's Unique Monetary Design Ethereum validators run on minimal overhead, requiring far less issuance to stay profitable. With the fee burn in place, ETH’s supply curve resembles compressed oil production: rising usage, flat output. Why ETH Has Lagged BTC — and Why That Won’t Last ETH’s slower repricing reflects complexity, not weakness: ➢ BTC = simple narrative (“digital gold”); ETH = multi-role asset ➢ Ethereum shifted activity to L2s, lowering L1 revenue and muddling models ➢ U.S. regulatory ambiguity deterred institutions ➢ Widespread ETH use as collateral led to auto-liquidations during deleveraging Those headwinds are fading. Fee burns are steady, staking rewards are stable, and ETH/BTC is near 2018 lows, even as Ethereum secures 10× more value today. Catalysts in Motion ➢ L2 explosion — @base, @zksync, Superchain rollups scale to 1,000s of TPS. Interop advances enable seamless L2-to-L2 execution. ➢ Tech breakthroughs — Real-time proving, account abstraction, and L1 scaling unlock new capabilities daily. ➢ Regulatory clarity — ETH confirmed as commodity. Spot ETFs launched. EU and Singapore legalized staking. ➢ Institutional tokenization — BlackRock, Franklin Templeton, UBS, and Sony all settling assets on Ethereum or anchored L2s. ➢ Strategic ETH reserves — DAOs, protocols, and firms (e.g. Coinbase, Deutsche Bank) are stockpiling staked ETH. ETH is evolving from tech speculation to macro reserve. Valuing ETH: Beyond DCF ETH can’t be valued like equity; it burns fees instead of distributing them. ETH is a hybrid commodity-reserve: consumed, staked, transacted, stockpiled. ETH’s fully diluted market cap could plausibly mirror traditional reserve assets if Ethereum underpins even 10% of global financial flows. The AI Multiplier AI will demand a machine-native financial system: programmable, borderless, final. Ethereum is already there. ➢ Atomic composability — Agents can act in a single transaction. ➢ Code-enforced rights — No courts, no intermediaries. ➢ Permissionless liquidity — Agents can hold treasuries, stablecoins, RWAs. If AI agents come to manage trillions, ETH is the only L1 that scales with them. Each action burns ETH or settles back to L1. Roadmap Signals Every upgrade boosts ETH’s economic surface area while keeping supply capped. The result: demand scales, supply doesn’t. Quantifying the Opportunity If Ethereum captures 10% of a $500T global asset base and ~30bps of annualized fees are burned, ETH enters a negative net issuance regime: supply-constrained, demand-driven, and self-reinforcing over decades. At $89T in reserve value, ETH = ~$740k. Even hitting just gold’s $22T implies ~$185k/ETH, 66× from mid-2025 levels near $2.8k. Plus a 3% native yield while you wait. Investment Takeaways ➢ ETH trades at <0.03 BTC and <40% of its 2021 peak, while network usage and institutional adoption are all-time high. ➢ Staking yield turns ETH into a productive asset, unlike BTC. ➢ ETH is the natural second core position next to BTC: beta to onchain GDP, with deflationary supply. Risks: roadmap execution, consensus bugs, L1 competition, regulatory shifts. But none alter ETH’s supply mechanics, they just shift the timeline. Conclusion Ethereum is the settlement layer for the internet of value. ETH isn’t just “gas” — it’s scarce, yield-bearing, non-sovereign commodity money that regulates the system itself. As tokenized assets, AI agents, and treasuries converge on Ethereum, ETH becomes reflexively scarce: usage burns it, conviction rises, supply locks, scarcity deepens. In the low case, ETH re-rates to match current utility. In the base case, it gains a gold-like premium. In the high-conviction case, it becomes the reserve asset of a financial system bigger than many nations. The question is no longer “Why own ETH?” but: “How underexposed am I to the reserve asset of the next financial system?”

You’ve seen Real Yield ETH. You’ve seen Turbo stETH. Now comes the next phase in blue-chip rewards access. Alpha STETH is coming.

All in on mobilizing ETH as a strategic treasury asset & building institutional confidence in ETH’s future

GM RWA TVL is up over 50% since January, according to @rwa_xyz That’s over $22B on-chain, with @provenancefdn crushing private credit, and @superstatefunds now tokenizing equities. The tokenized future is bright, and it’s just getting started. 🌄

The Hub has a DEX! @stride_zone is a tier 1 team in Cosmos. They are true Hub builders, shown by their move to ICS and the success of $stATOM. I’m thrilled with their pivot to building the first DEX on the Hub. The Hub should provide significant liquidity to all tokens in the ecosystem, in a central place, and have incredible cross-chain execution on Eureka routes. DEXes are the lifeblood of DeFi, and by having an excellent one natively on the Hub, we start a DeFi renaissance in Cosmos. Stride Swap will be highly composable, multichain (via Eureka), and deeply integrated with other Hub apps. New tokens in Cosmos will have a new way to launch, and immediately be available everywhere, for every user, over IBC Eureka. I imagine Stride Swap to be the first truly multichain DEX of its kind. This is just the beginning.

For the first time, the success of IBC directly links to the success of the Cosmos Hub and ATOM. There is now a flywheel in Cosmos - a flywheel to grow the ecosystem, its mission, and its app-chains. First 90 days were a success. On to the next, and we're only accelerating.

Cosmos is the best builder ecosystem outside of Ethereum In past few weeks: - Crosschain token trading now possible with IBC Eureka (native ATOM now on Ethereum) - USDN launched, now highest market cap onchain yielding stablecoin - Babylon launched, BTC restaking now possible (get yield on BTC by providing security to other chains) - Osmosis now a Babylon secured chain

Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World Babylon Genesis, the world’s first L1 blockchain secured by Bitcoin, officially launches today. This launch cements the Babylon Bitcoin staking protocol as the foundational infrastructure layer for Bitcoin and the most impactful staking solution in the web3 ecosystem, transforming idle Bitcoin into the backbone of the decentralized economy and unlocking its full utility.

One Network. Infinite Chains. Tomorrow.

Cosmos is building the internet of blockchains. And the Cosmos Hub will be the world's decentralized router. In the future, a connection to the Hub will let any person and application connect to everything digital - both onchain and offchain.

Somm strategies: the silent revolution of DeFi. While some chase token prices, we're building the future of finance. Sovereignty is the real yield.

Freedom and finance: two pillars of the cypherpunk dream. Somm's vaults are where these ideals meet. Strategy is key. Are you ready?