People like to say that they care about privacy, but they really don’t. They give it up in a heartbeat for more/better features every time. And why wouldn't they? In the short history of the internet, there have rarely been any consequences. The problem with privacy is that it doesn’t matter at all until it does. But by then, it’s too late.

When Native Markets secured the right to deploy USDH eight months ago, we had a simple thesis: people care about stablecoins that deliver value to the networks and their users. Today, we see a validation of that thesis with Coinbase deploying native USDC as an AQA that shares the vast majority of its reserve yield. This transition to Coinbase immediately activates yield on nearly $5B worth of stablecoins and aligns Hyperliquid with one of crypto’s strongest policy advocates. I'm proud of what @fiege_max and our entire team have built to date — designing the Open Issuance product alongside the Bridge team, building an exceptional onramp with and beyond. To those that supported USDH, thank you for your vote of confidence. There’s more to come, stay tuned.

The CLARITY Act has now passed out of the Senate Banking Committee with bipartisan backing and moves to a full Senate vote - a historic moment for crypto entrepreneurs and American consumers. Crypto is not a red or blue issue. It is about whether the next generation of financial and internet infrastructure gets built in the United States. Thank you to @SenatorTimScott and @SenLummis for your leadership on the committee, to @BankingGOP, @Sen_Alsobrooks, and @RubenGallego for their support, and to all of the staff who have worked tirelessly to get to this point. It’s time to pass CLARITY.

“Given enough eyeballs, all bugs are shallow” —Linus’s Law We now have infinite AI eyeballs. Exploits on legacy code will first go up, but then they will go down forever. Computer security will be solved.

Most people live by the wrong algorithm. They spend their career focused on how to accumulate resources for themselves. But obviously the people who are rabidly obsessed with creating value for others are the ones that society rewards* the most. *Assuming capitalism. Under socialism, you’re shit out of luck.

The Senate Banking Committee released the latest draft of the CLARITY Act last night. The draft has significantly improved since January and reflects years of bipartisan negotiations. It’s time to get this passed. This bill safeguards consumers, includes important developer protections, and gives crypto entrepreneurs the regulatory clarity they need to build here in the U.S. We’re thankful for the hard work of the Senate Banking Committee and their staff. We urge Senators on both sides to move quickly to advance it out of Committee, to the Senate floor, and ultimately be signed into law by the President.

"As We May Think” by Vannevar Bush may be the most prescient piece about technology ever written. He wrote it in 1945 when the word "computer" meant a woman doing arithmetic by hand. It's an essay about how we can use technology to think better. Talks about: – the beginnings of AI – neurotech implants like Neuralink (!!) – the web & hyperlinks – wikipedia – search algorithms – data compression – speech recognition – network routing algorithms – high level programming languages At the time, the transistor had not yet been invented, and there was only one working computer on Earth—Colossus at Bletchley Park—which was classified and nobody knew existed until the 70s.

Here is Episode 2 of my new podcast dedicated to conversations on the future of neurotech, computing, intelligence, and more. My guest Dr. Ben Rapoport is co-founder and CSO of Precision Neuroscience (@PrecisionNeuro_), Assistant Professor of Neurosurgery at the Icahn School of Medicine at Mount Sinai, and Scientific Director at Mount Sinai. Previously, he co-founded Neuralink and Simbionics (acquired by Apple). Precision is building a minimally invasive brain-computer interface (BCI) that reads from thousands of points on the cortex without penetrating it. The Layer 7 device is implanted through a one-millimeter slit in the skull rather than the larger borehole other approaches require. It is also fully removable. Precision seeks to help the 5 million people living with severe paralysis in the US (including 800,000 new stroke cases per year). In March 2025, Precision received FDA clearance for a temporary wired version of the system. Over 85 patients have been implanted with and used the device in clinical studies (50 at the time of our conversation). Wireless implants are planned for 2027. We go deep on the history of Neurotech from the 1980s to the ML inflection points that triggered Neuralink's founding, why surface ECoG was a contrarian bet that's now paying off, the path to treating paralysis and stroke at scale, and why Ben believes neural data is at the same inflection point genomic data was in 2000 — a whole class of biological problems about to become tractable as computer science problems. Chapters 00:00:00 Introduction 00:04:39 Paralysis as a lens to understand the brain 00:05:36 The 1980s breakthrough: population encoding and the birth of BCI 00:14:36 Google Translate, ML, and the founding of Neuralink 00:23:08 What is the long-term vision of Precision Neuroscience 00:31:56 Layer 7 and why transformative technology looks impossible at first 00:50:21 The surgery: a slit in the skull, not a borehole 00:55:19 The clinical program: who are the patients 01:04:16 FDA clearance and the path to wireless implants in 2027 01:08:32 The patient population: paralysis and stroke at scale 01:16:26 Neural data as the new genomics 01:30:06 BCIs, AI, and the future of the human-machine interface 01:31:22 From medical necessity to lifestyle technology 01:40:36 Precision as a platform — and an optimistic vision If you're interested in these kinds of discussions, subscribe to the podcast. And if there’s anyone you’d like to see or hear on the podcast, reply with your suggestions. Full Episode 2 here and in other platforms below.

"A very resourceful engineer can now do a lot of product management and a lot of design if they're just willing to do the work and use AI." @alive_eth on AI collapsing the PM, designer, and engineer roles into one: "One thing that we're seeing is the blending of the roles of the product manager, the designer, and the engineer, where every one of those three believe that they can do the job of the other two. Marc Andreessen actually referred to this as the Mexican standoff between the three." @alive_eth @unchained_pod @laurashin

A few years ago: 10-14 transactions per second. Now: any amount of money, anywhere in the world, in under a second, for under a penny. @alive_eth on @mts_live explaining why crypto is breaking out of its niche and becoming mainstream financial infrastructure.