We hosted Kraken co-CEO @arjunsethi for one of my favorite interviews of the year so far.
Covered personal trials and tribulations, what it takes to build a long-lasting company, culture and ethics, and so much more.
Give it a listen.
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Crypto winter is over.
Calling it: Beginning of a new bull market
Small signs here and there of life. Will become more obvious as the year progresses.
Giddy up.
I think the Hype news today is way more impactful in the big picture than the actual $$ involved.
For a lot of people I know the regulatory risk of HL was the biggest issue. Getting "buy in" from Circle and Coinbase, as much as a lot of people may hate Coinbase, puts you one step closer to the actual people making the laws in the US. Hyperliquid has done a lot of things correct, but on the regulatory front, things are still "just getting started".
This is a gigantic step forward in positioning for Hyperliquid's future. Not just the actual stablecoin part of it, but this does open up the door even more while perps as a product seems to be catching on, to Hyperliquid becoming the rails for perps at a much larger scale.
For such a small nimble team, these guys are exceptionally good at what they do.
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NEW: rsETH is now unpaused on Aave markets.
A few weeks, a lot of drama, and finally the markets are unfrozen.
rsETH is now unpaused on Aave's Ethereum Core, Arbitrum, Base, Linea, and Mantle markets enabling users to withdraw rsETH.
Andy and the NEAR team present Premier of Bermuda with a touching gift.
Coinbase becoming main treasury supplier of USDC is extremely bullish for Hyperliquid, not only adds ~$150M of yearly recurring revenue on the $5B in stables on the platform, but CB has a lot of what Hyperliquid needs to scale longterm, US regulatory wise & distribution wise
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Still never heard anything like #1# in my entire career doing interviews.
Absolutely unreal
Arjun Sethi, Co-CEO of @Krakenfx, shares his perspective on building through the worst of crypto and why that infrastructure is now open to everyone.
100 amendments today on the Clarity act. Huge markup day tomorrow in DC.
CLARITY is coming.
Plume's general counsel explains what the 100 Clarity Act amendments actually signal:
"100 amendments as of this morning. A lot of interest. A lot of controversy."
"The bill was definitely a net positive for tokenization. I'd love to see it pass. The question is what comes out of the negotiation."
"Senator Lummis has shown a willingness to compromise. A lot of the concerns are driven by incumbents and public interest groups. I'm hopeful she can find a path that gets sufficient Democratic support and locks in the Republicans."
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Venice's usage (tokens produced per day) is absolutely going parabolic as users are staking VVV token to pay for inference.
Decentralized, private AI has real demand.
Teana Baker-Taylor, co-founder of Venice, explains what 60 billion tokens per day of private inference actually looks like in practice.
"Agentic wallets are able to actually transact for you. Find me the best yield on USDC and use this wallet to stake 30 grand."
"Build me a website is fine. But if you want it to build you a website and then actually deploy it, there are transactions that have to happen in there."
"Warden Labs has built the entire agent wallet infrastructure for that. Bringing Warden into BasedAI means businesses get access to agents that can actually transact, not just advise."
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Imagine going from $1B net worth on paper to $4M, in a single year💀
Arjun (@arjunsethi) explains how he reacted when his net worth drop from nearly 1B to 4M.
“I looked at that and said, look, I’m still better off than most people. I should be privileged to be in that position.”
“If my assets go up and down and oscillate, I just don’t care… I’ll just work harder to get back to that place.”
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Live from @SALTConference at the @DigitalFinForum in Bermuda Day 2, hosted by our friends @PartnersPenrose.
A very intimate event with high quality attendees. The week hasn't slowed down. Bermuda's Premier is joining us live to talk about building the world's first onchain national economy.
Today's lineup:
@rajachak75 - @StellarOrg
@banamlas - @plumenetwork
David Burt - @BermudaPremier
@TeanaTaylor - @AskVenice
@mikejcasey - @aai_society
@SmartestBeta - @CoinbaseAM
@philippzentner - @lifiprotocol
@Cryptoreine - @avalabs
See you on the show.
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One of the most bullish charts in all of crypto right now is shielded Zcash supply.
The dispersion in asset performance in crypto should be extremely inspiring, not a reason to mentally check out.
If you have your finger on the pulse, it's what you've been waiting for since 10/10
Extremely impressed by Kraken co-CEO in the interview yesterday.
This thing is going to IPO this year for sure and be a damn unicorn story when we look back at the early pioneers of this industry.
The companies that stayed in the US and waited for regulatory clarity thought they were being responsible.
Arjun Sethi went to Europe first and built across 50 markets for 15 years while the US figured itself out.
Those "gray markets" everyone dismissed? That's where global mass adoption actually happened.
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"We're not a Silicon Valley company. We're moving global, remote since day one. We barely raised any capital until last year. So I think it takes like a different style and attitude."
Arjun Sethi explains why @krakenfx helps employees move on if it’s not the right fit:
"Because we wanna make sure that everyone that's there is giving more than 100%, giving more than what you would typically do because the mission of what we're trying to do is really important."
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ZEC <> NEAR barbell to continue to outperform as the privacy thesis reigns supreme, at least in the short term.
