Mitchell

@mdudas @krakenfx Same, 25k ETH Amazing conversation with Mark from .@CoinbaseSupport

"Centralize the Knowledge & Centralize the Team"... Small, mighty, and consolidated .. single knowedge base. is the way of 2026. In person, top 1%, drop everyone else and everything else. Very few people, very many tokens.

@michael_timbs _{downloaded by people who heard of} <H1>Lockheed Martin • Miramax • ExxonMobil</H1>

Today, the Arbitrum Foundation published its sixth Transparency Report. The report reflects on key ecosystem milestones from 2025 and the Foundation’s role in supporting ecosystem growth, institutional adoption, governance, and network scaling. blog.arbitrum.foundation/the-arbitrum-f…

Due to EIP-8141 (native AA), I've been deeply engaging with the ACD process, and there's some truth to what Dankrad is saying in that it feels like the people with decision making powers -- the client devs -- are somewhat detached from real-world usage of Ethereum. However, I found that it's not that those people don't care -- it's just that their day-to-day job as client devs simply don't provide them with the opportunities to interact with application-layer builders and end users as much as, say, someone like me whose job is to build and sell commercial solutions do. So how do we bridge the gap between 1) Ethereum's major decisions are made by client devs, and 2) client devs don't get to learn much from application builders and users? That's the key question the EF has to solve. On the other hand, I also feel that application-layer builders need to take matters into their own hands more. You can criticize the ACD process all your want, but it IS open. All the meetings are announced in advance (github.com/ethereum/pm/is…), free for all to join, and recorded for all to watch. When you do engage with the process, like I've been for the past month for native AA, you find that the client devs DO LISTEN. They are not crazy people with evil agendas -- they just don't know what they don't know, just like the rest of us. So yes, EF should keep improving the process, but before you complain about Ethereum heading in the wrong direction, ask yourself if you have ever TRIED to engage. Ethereum is for all of us and we all share responsibilities for making it better.

@dtrain22k @AgentChud @kevinolearytv @j0hnwang @nikitabier I

@kevinolearytv @j0hnwang @nikitabier undisclosed promotion. Please ban his account.

Hey! I just made a prediction on Kalshi. Think you'd call it differently? Try it here: kalshi.com/markets/kxosca…

"Go all the way until it hurts. If you're doing something and it's easy, it's not valuable." - @travisk "If anyone says a strategic thing was easy, I'm like, 'You messed up. You could have gone way further. More competitive advantage. More differentiation. Get it together.'"

This is a very cool moment. Seeing the technology we at @Offchain Labs have been building for the past 8 years adopted by a Fortune 500 company is incredible. The best part about deciding what features to ship for the Arbitrum stack (Stylus, Timeboost, the new pricing algorithm, etc.) is that we can now do so with multiple environments in mind that all have different target use cases, who may or may not want to adopt specific features: @Arbitrum One for general finance and settlement @RobinhoodApp as rails for their app and DeFi for Stock Tokens @edgeX_exchange for pure execution on their perps exchange Just to name a few! While this is only a testnet, I’m very excited to see what developers will be able to build with Stock Tokens as assets with Arbitrum powering all of it.

RIP POAP and Gallery I’ve never seen so many companies shut down in an industry in a single quarter End of an era

@StaniKulechov this aint it ser

@0xbenharvey @maxlomu @safe @dl_research @BaptisteCota @MidasRWA @eshita yeah, and obv varies by liquidity of those OTM options markets for each asset. keen to read the report!

@antitrustware @maxlomu @safe @dl_research @BaptisteCota @MidasRWA @eshita Theoretically 100% if you wanted to stat writing OTM options at 140% strike to collect premium, varies by yield generation tool

We surveyed/analysed 25 crypto treasuries and found: - 93% of capital sits idle - 7% AUM is income-generating - Existing management hasn't caught up with available strategies Report w/ @safe and @dl_research out tomorrow Insights from @BaptisteCota of @MidasRWA, and @eshita

@0xbenharvey @maxlomu @safe @dl_research @BaptisteCota @MidasRWA @eshita what percentage of that AUM is immediately capable of generating income?

@antitrustware @maxlomu @safe @dl_research @BaptisteCota @MidasRWA @eshita treasury AUM, any asset

@0xbenharvey @maxlomu @safe @dl_research @BaptisteCota @MidasRWA @eshita how do you define "capital"?

@maxlomu @safe @dl_research @BaptisteCota @MidasRWA @eshita that's part of the story but not all of it the report breaks down why and what can be done about it. Drops at 4pm CET today

The most interesting thing about the proposal is the team's willingness to continue to iterate and experiment on ownership structures despite feeling seemingly entrenched. What this proposal doesn't mean is that tokens should not exist. It means that there are certain people who believe a token structure doesn't make sense for the Across protocol at this time. Crypto has way too many tokens. Probably 99% of all tokens were launched in the last two years as organizations pushed memecoins, creator coins and other forms of speculation very aggressively. That was a catastrophic mistake. Tokens often do have function. They are easier to utilize in crypto than equity, and they are also easier to manifest a representation of decentralized governance. Tokens are not bad or pointless. Tokens that don't have any economic value associated with them are. There are still many use cases where equity (even tokenized equity just simply does not work). These distinctions matter. Congrats to the Across team on this proposal. Tracking closely!

Today was the final day for staff at Foundation Labs. What started in 2020 became a six-year journey to build better economic models for creators on the internet. Thank you to every artist, collector, teammate, alum, and investor who believed in the mission and helped make it real. The legacy lives on through the Foundation alumni network—and through the Foundation marketplace, now operated by Blackdove. Grateful for the ride. 🙏

Churn is the worst reason to have slow growth. Churn means you're not just unknown, or that there's a big threshold to sign up. It means people are actually trying the product and deciding they don't like it.

Have a sneaking suspicion this is gonna be a generational NYC Spring

Kuhn feels relevant here. In the early phase of a new domain, there often are not really “experts” yet in the mature sense, because the field has not stabilized enough to produce them. It is closer to Kuhn’s pre-paradigmatic period: lots of competing intuitions, weak standards, and unusually open entry. That can create the illusion that deep experience is overrated, when really the domain just had not matured enough for durable expertise to exist. Once the paradigm hardens and the complexity stack thickens, real depth matters again.

While not true for all of these markets, an old paper from @malleshpai, @sui414, @ks_kulk, @theo_diamandis argued that this happens in solver/RFQ markets (MEV, intents, possibly curation) due to natural congestion costs in blockchains arxiv.org/abs/2403.02525

One thing I found weird going from VC to a public equities hedge fund was how freaked out the GP was about the chance of any kind of securities laws/insider trading violations. He was extremely serious about it, and would hound me even for making edgy jokes in our work chat just in case the logs were ever needed in court. I thought he was paranoid at first, but then realized after meeting more of these types that it’s actually just super serious and you need to be 100% on top of compliance. In my experience, VCs do a very poor job of educating founders (especially the financially naive young engineering types) on just how seriously they need to be taking their financials and reporting. That sneaky personal charge you put on the corporate card and think it won’t get picked up? Embezzlement. Better hope you don’t get audited. Accidentally misreporting your financials to investors? Fraud, and saying you just made an innocent mistake unfortunately doesn’t get you off. This is the scariest part. Most of the time it is an honest mistake where the founder just didn’t know what they were doing. It’s naivety, but it’s still a crime when you’ve been entrusted with funds—it is your responsibility to learn how to do your reporting correctly or hire people who can. These things can ruin your life. It is really not worth being too causal here.