Jay Paul

@intel @SpaceX @xai @Tesla Looks familiar

Intel is proud to join the Terafab project with @SpaceX, @xAI, and @Tesla to help refactor silicon fab technology. Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 TW/year of compute to power future advances in AI and robotics. It was fun hosting @elonmusk at Intel this past weekend!

We respect the decision of Chaos Labs to step down as one of the two risk managers for the Aave DAO. We want to thank Chaos Labs for their work over the years. They have been a valuable partner to the Aave DAO, and their contributions have helped Aave grow and mature. There is no disruption to the Aave Protocol, its smart contracts, asset listings, or network deployments, and we will work closely with Chaos Labs during the offboarding process. Aave operates with a two-layer economic risk model that has been managed by Chaos Labs and LlamaRisk. While this model does create tension between risk managers from time to time, we believe it has been valuable in safeguarding Aave. We strongly support maintaining a two-layer approach and will continue supporting this model, alongside an additional technical risk layer managed by Aave Labs. Over the past weeks, we held discussions with the Chaos team regarding next steps, as Chaos was exploring winding down its risk consultancy services business (and had already begun winding down some agreements with other protocols). We were generally supportive of a 2× increase in their risk management payment to $5M, but not supportive of $8M without a separate addendum at a later stage if the workload proved higher than anticipated. What we did not support were other elements of the proposal, including setting Chaos Labs as the sole risk manager and using Chaos Labs price oracles instead of Chainlink on all new deployments, as well as adopting Chaos Labs vaults as the default vaults (which are not yet audited) for all B2B integrations. While we do not see issues with these Chaos products or their future viability, we strongly believe that, given the scale of the Aave protocol, it should maintain at least a two-layer risk management model and vendor lock-in free vaults. Additionally, given the strong track record with Chainlink, we prefer to continue supporting Chainlink for price oracles, which our users are currently more comfortable with at scale. Regarding Aave V4, the architecture introduces isolated risk markets through Spokes, new liquidation logic, and governance-controlled parameters that give the DAO more granular control over how it manages risk across different markets and assets. We held multiple risk calls with Chaos Labs employees in attendance well before V4 went live, and the feedback we received during those sessions does not align with the concerns expressed in their post. For the immediate future, Aave Labs will work closely with LlamaRisk to ensure a smooth transition and uninterrupted risk coverage for the protocol. LlamaRisk already serves as a risk contributor to the Aave DAO and has deep familiarity with the protocol’s architecture and parameters. We support LlamaRisk increasing their budget to accommodate this additional workload and expanding their team as needed. Aave Labs will also contribute engineering and analytical resources wherever necessary to support this transition. We also want to thank the entire Chaos Labs team for their contributions over the years, as they have helped bring the protocol we built into its current level of maturity.

For over a decade, the biggest regulatory question in crypto has been: who oversees what? In March, we finally got an answer. The @SECGov and @CFTC issued joint guidance that classifies digital assets into five categories with clear jurisdictional boundaries. That alone would have made March noteworthy. But the month also brought a new payments blockchain from @stripe and @paradigm and a @Google research paper that puts Bitcoin's quantum vulnerability as close as 2029. Our Crypto Market Recap for March 2026 walks through all three stories and shares our perspective on what comes next. Read the full recap: triplepointstrategy.com/insights/mar-2… Get future recaps in your inbox: triplepointstrategy.com/subscribe

🚨UPDATE: CLARITY Act Markup Expected SECOND HALF OF APRIL — Sources Say Deal Was FINALIZED ON FRIDAY 🤯🔥 After weeks of delays, negotiations around the CLARITY Act may have just reached a BREAKTHROUGH. 👀 According to industry sources, a new CLARITY Act compromise version was REVIEWED Thursday and FINALIZED ON FRIDAY between crypto firms, banks, and policymakers. 😳 The MAIN issue holding everything back was: 👉 whether stablecoins can offer rewards / yield 👉 without triggering deposit flight from banks Now sources say that debate may FINALLY be resolved. 🤯 Turns out when @Coinbase CLO @iampaulgrewal gave a 48 hours deadline, it may have been TRUE. 😵 Senate Banking Committee (@BankingGOP) has NOT released details yet. Markup is expected in the LAST 2 WEEKS of APRIL. ✅ More to come. I'll keep updating.

lol

The Texas Triangle is likely to be the most dynamic place on earth for the next 2 or 3 decades. Tech, manufacturing, robotics. Texas will be a key player.

Ethereum is the #1 chain in terms of application TVL, stablecoin supply, and tokenized RWA market cap. Now the network is catching up also in terms of performance. The cost to transact on @ethereum is at an all-time low, while the onchain activity is at an all-time high.

We just released Gemma 4 — our most intelligent open models to date. Built from the same world-class research as Gemini 3, Gemma 4 brings breakthrough intelligence directly to your own hardware for advanced reasoning and agentic workflows. Released under a commercially permissive Apache 2.0 license so anyone can build powerful AI tools. 🧵↓

Coinbase Institutional Research: "ETH is increasingly being moved into low-turnover ownership buckets"

👀

Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We’ll provide additional updates from this account as more information is available to share.

JUST IN: Elon Musk's SpaceX confidentially files for IPO, Bloomberg reports.

4/ The Alt-L1 narrative is a fundraising wrapper. The roadmap was always L2.

3/ Once the project is funded and the token is live, the plan is to pivot back to L2 after a year or so. The L2 ecosystem is still a strong long-term bet… but good luck making that case to short-sighted investors given the recent price action of L2 tokens.

1/ Conspiracy theory. VCs know that an EVM-compatible Alt-L1 can’t compete with Ethereum. But their LPs don’t know that.

“Past a certain age, a man who has a deep understanding of the Ethereum roadmap can be a bad thing.”

Ethereum will be ready for Q-Day. Will your bank be ready?

4 years of ETH killer discourse. Hundreds of L1 launches. Billions in VC funding. Ethereum went from ~60% TVL dominance to… 57%

Quantum computers are the White Walkers of crypto.