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adcv_
@adcv_
professional stablecoin enjoyer and chef at @steakhousefi
723 Following    2.9K Followers
2018-era Tether Truthers just fell to their knees in a Walmart
Remarkable milestone for Tether and for stablecoins more generally
Tether Completes the Largest Inaugural Financial Audit in History Read more:
Tether Completes the Largest Inaugural Financial Audit in History Read more:
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the european union is an experiment to see how retarded they can make the laws before people start beheading politicians
In case it wasn't clear to both of the remaining Lido QAnon 33%ers, the below post is obviously satirical. I thought it would have been obvious as, in Montenegro, working more than twice a year is strictly illegal, so quarterly meetings would not be possible.
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A Modest Proposal For Updating Ethereum Issuance Create a committee charged with overseeing the network's open market operations. This committee could meet four times a year in Montenegro. Each meeting, the committee will decide the staking rate via quadratic voting.
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A Modest Proposal For Updating Ethereum Issuance Create a committee charged with overseeing the network's open market operations. This committee could meet four times a year in Montenegro. Each meeting, the committee will decide the staking rate via quadratic voting.
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🚨 New EIP: Tapered Issuance Burn We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply. EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵
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In my humble view changing issuance is a bad idea: disgruntles builders, obliterates solo-stakers, creates a precedent for changing it again and forever in the future "But if we change it One Last Time" Exactly
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🚨 New EIP: Tapered Issuance Burn We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply. EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵
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Live Tuesday at 12:00 PM ET / 9:00 AM PT. The lineup: - @alvin_kan, COO @BitgetWallet - 12:30 PM ET - @adcv_, Co-Founder @SteakhouseFi - 1:00 PM ET Neo, presented by @Dakota_xyz - @ashlan_ahmed, CEO @getaxal - 1:30 PM ET - @rooshanaziz, CEO & Co-Founder @OverseePay - 2:00 PM ET The agenda: Bitget Wallet - the dollar account banks never built. 100 million users, $177 billion routed through their payments stack, and daily payments now outrunning trading. Steakhouse Financial - the exclusive risk curator behind Robinhood Earn, and the firm curating more than half of all stablecoin deposits on Morpho. Where the yield comes from, what a retail user should understand, and what a bank account looks like when a vault replaces it. Axal - wealth building across proven assets, not just stablecoin yield. Bitcoin and gold alongside dollars, and what it takes to reach an audience that is not already in crypto. Oversee Pay - Pakistan is the third largest remittance corridor in the world at $52B a year, and it is still slow and expensive. Rooshan is building one account that moves dollars home in seconds, pays the country's freelancers in USD, and comes with a card to spend it locally. Built out of the @alliance ALL17 cohort in New York. Drop questions below that you want answered LIVE
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Iraq is offering effectively a $25-$29 a barrel payment to anyone willing to risk loading at its port inside the Persian Gulf and take the barrels out. On a single VLCC, that’s a ~$50-$58 million potential profit, minus costs (and the risk of getting sunk by Iran, that’s it).
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live free (banking) or die hard
Steakhouse Financial founders drew inspiration from 18th-century Scottish free banking before launching their onchain asset management firm. They argue that historical monetary frameworks offer a vital playbook for how decentralized finance has evolved.
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Steakhouse Financial founders drew inspiration from 18th-century Scottish free banking before launching their onchain asset management firm. They argue that historical monetary frameworks offer a vital playbook for how decentralized finance has evolved.
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Pangram is the inverse of Agent Smith in the Matrix. Where Smith hunts humans in disguise, @pangram hunts aislop in disguise. Here he is, interrogating a vibe-written secondary school essay about mitochondria run through a humanizer (2026, colorized)
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I would like to extend my best wishes to all, even the haters and losers, on this special date, Swiss National Day
Lending market stablecoin supply rates have on average underperformed short-term US Treasury yields since late 2025. The one brief exception came around the rsETH exploit, when lenders pulled liquidity and utilization spiked. Curated vaults offer a potential way to beat the onchain average. Rather than passive exposure to pooled rates, depositors hold a managed portfolio of underlying credit positions, weighted by the curator to a target risk-return profile. The early results back this up. Over the past 90 days, 13 of the top 16 Steakhouse vaults by AUM outperformed the market-weighted supply rate net of fees, with the top vault returning over 1.5x the benchmark.
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SITUATION EXPLAINED: Aschenbrenner's letter to investors: full responsibility, no more leverage, staying in public equities. • The letter went out last night, he takes "full responsibility," and says the fund will no longer borrow from banks to magnify its bets • It will keep operating in public equities, not converting into a private fund as people had speculated • He compared the dynamics to a bank run, and partly blamed short sellers targeting the fund's positions • New from the FT: when Intel reported strong earnings and its stock unexpectedly fell, the aggressive seller was reportedly Aschenbrenner, covering losses on Bloom Energy and SanDisk • By Wednesday he had stopped taking investor calls, and was talking to Jane Street, Millennium, and Citadel instead • He reached a deal Wednesday night to sell $3.5 billion of his Anthropic stake to a consortium led by Greenoaks and Sequoia, then backed out Thursday morning • Greenoaks and Sequoia both led Anthropic's $65 billion Series H at a $900 billion valuation, a round Situational Awareness itself invested in • Despite all of it, the fund is still up 80% on the year, and 1,551% since founding less than two years ago • Plenty of big names have blown up worse and recovered: Paul Tudor Jones nearly quit after cotton losses, Bill Ackman wound down his first fund in 2002, Musk was ousted from PayPal before Tesla and SpaceX nearly went bankrupt @theojaffee: "People are getting way too negative about Situational Awareness now. Situational Awareness is fine. Leopold Aschenbrenner is fine. If it literally went to zero, he's still a generational talent and he would do very well regardless."
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Interesting to think about but falling 67% in July and up 80% on the year suggests that the fund was up 540% on the year right before the unwind did i math this correctly
SITUATION UPDATE: Despite falling 67% in July, Situational Awareness is up 80% on the year, per WSJ.
Still one of the top global macro hedge funds in the world The ticker is $SNBN, >800bn CHF balance sheet as always on @Dune