I've been in crypto for 8+ years. For the first time ever — substance has gotten ahead of price. It's happening. Crypto is going to update the system. Not done, but can't be stopped now. Bravo to the relentless teams in this space. Keep going.

YouTube, Airbnb, eBay. Democratizing tech platforms usually port over the old activity/supply that existed before they were created. But the most exciting, breakthrough, is the new stuff that starts happening that wasn't possible before. Love to see this —

This is a 2 minute video about taxing the wealthy. There is no mention of programs it will fund. Or why the tax dollars are needed. Or what the money would be used for. Or how those less fortunate could be supported to themselves become wealthy. The benefits are no longer the point. The implicit message is about punishment. Punishing those doing well is now good politics. Sign of the times —

Dear big tech employee — You’re worried about the future. Will you be needed? Can you contribute to building enduring things? You’re smart, pragmatic. That’s how you got where you are. That’s why you sense the future has changed. My challenge to you: why aren’t you working in crypto? You say you’re not passionate about it. But passion isn’t how you made your last 2 job choices. You say it’s messy, unprofessional, filled with scams. But you know that those are problems — and that problems, and flawed competition, is what creates the opportunity. Big tech is moving on from needing you, and will be celebrating laying off talent. Fine. But crypto needs you. We need talented, professional, pragmatic people. There are problems, there are major areas lacking: come solve it, help build it. That’s the opportunity. Building productivity tools is meaningful. Building social experiences is too. Here in crypto we’re working on ideas about financial freedom, access to opportunity, cutting out middle men, bringing finance online. The headlines are often shallow. But the dreams here are worth pursuing. Crypto is not one thing of course. Many dreams, and projects may not be right for you. But there’s probably something here you’d resonate with if it was just done better. So come look around. Help us do something better. It may not be obvious, just as joining OpenAI several years ago wasn’t obvious at the time — but the onchain future is worthwhile, and will be all the more important in a world of AI. Give it a chance. Join us on a new frontier.

Come work in crypto. We have lots of hard, worthwhile work to do. And it’s work that is more valuable, rather than less, alongside the progression of AI. Think the space is all noise and no signal? Come build signal.

crypto is no longer one industry — it's at least 4: 1. stablecoins + payments 2. Bitcoin, crypto asset class 3. tokenization + onchain financial services (defi) 4. blockchain infrastructure they are of course inter-related. but increasingly divergent in context which is part of the mixed vibe right now

~$50,000,000 borrowed in <24 hours Delighted to see the new @ethena USDe / USDG market on @JupiterExchange being so useful to investors. Onchain markets move fast. Check it out here: