Stablecoin settlement never sleeps. Bank liquidity rules do. Tuongvy Le, General Counsel at @veda_labs and a former GC at a federally regulated bank, walked through what 24/7 programmable money does to safety and soundness on the latest episode of Tokenized with hosts @sytaylor and @cuysheffield. Wholesale deposits are hot money. Consumer deposits are sticky. Silicon Valley Bank showed what happens once the hot money can move instantly. One bank modelled the hit to its liquidity coverage ratio from offering weekend stablecoin settlement to institutional clients. The result was some deposit flight and a real balance sheet cost. "You can offset that by charging fees for people to make payments over a weekend that they couldn't before." 🎙️ Listen to the latest episode on

CLAUDE OPUS 4.8 JUST BROKE A $9 BILLION PRIVACY COIN. 🚨 A security researcher used Anthropic's new model to find a 4-year-old soundness bug in Zcash's Orchard pool. The flaw could create unlimited, undetectable counterfeit $ZEC. Discovered May 29. Patched June 3. Could have been exploited for over 4 years. The team has no answer.

lowercase snarks Words like laser, scuba, radar began uppercase. LASER — Light Amplification by Stimulated Emission of Radiation SCUBA — Self-Contained Underwater Breathing Apparatus RADAR — RAdio Detection And Ranging When a technology matures and becomes reliable, trusted, commoditised, it earns the lowercase. Lean Ethereum is a bet on snarks, not Succinct Non-interactive ARguments of Knowledge. Post-quantum security. Provable soundness. End-to-end formal verification. Deep cryptanalysis. Real-time proving. zkVM programmability. Simplicity and elegance. All essential for the lowercase. All inevitable. Ethereum L1 has 10y uptime and $1T secured with hashes and signatures, our cryptographic workhorses. I believe in 100y uptime and $1Q secured with snarks, our cryptographic jet engines. * L1 scale — 10K TPS gigagas scale with real-time zkEVMs * L1 security — post-quantum security with snarked signatures * L1 privacy — Zcash-grade stealth with wormholes (eg EIP-7503) Shipping snarks is a cryptographic Manhattan Project, one the EF is investing tens of millions into: * verified-zkevm[.]org — formal verification * poseidon-initiative[.]info — deep cryptanalysis * ethproofs[.]org — real-time proving * proximityprize[.]org — provable soundness * zkevm.ethereum[.]foundation — enshrinement * pse[.]dev — privacy Step by step, the EF is evolving into a snark-first org: * cryptography team — driving soundness and cryptanalysis * snarkification team — driving formal verification * zkEVM team — driving protocol integration * Ethproofs team — driving real-time proving * PSE team — driving privacy * PQ consensus team — soon™ Believe in something magical. Believe in lowercase snarks.