LOOK MAN, The midterm results are a better outcome for crypto, real, decentralized crypto, than anything else that has happened over the past 2 years. The liquidity moving out of AI and crime-y crypto will flow into BTC & ETH.

As an Ethereum co-founder people sometimes ask me what has changed since 2014. The answer is almost everything. The tech, the scale and the stakes. But back in 2014, all our soul-searching boiled down to a single question: for profit or not? We chose non-profit to keep the Ethereum protocol and vision as pure as possible. Twelve years later, we're witnessing that same bold choice being made again. This time by @ethlabs_org, a non-profit lab built by researchers who helped shape Ethereum, with the independence to do what's right for its long-term future. Twelve long years and the non-profit spirit we chose back then still beats at Ethereum's heart. But one thing hasn't changed: Ethereum was never meant to belong to one person, one company, or one foundation. It was always meant to be a living and growing network of nodes, ideas, people and organizations. That's why I'm both happy and proud to join @ethlabs_org as an Anchor funder. I'm grateful to stand alongside my fellow Ethereum co-founder @ethereumJoseph and @BitMNR, @Sharplink, @snzholding, @krakenfx, @Anchorage, @Payward, @OctantApp, @gattacahq, @Lomashuk and so many other amazing supporters helping Ethereum’s innovation layer become just as distributed as its infrastructure. In 2014, we chose the non-profit path to keep Ethereum's vision incorruptible. In 2026, the ecosystem is choosing the distributed path to keep its innovation unstoppable. Both choices come from the same belief: Ethereum belongs to everyone, and no single entity should carry it alone. The multi-node future isn't coming. It's here. What a joy! ❤️

Today, more people are backing Ethlabs. Ethereum co-founder @MihaiAlisie joins as an anchor funder, @payward and @gattacahq join as contributors, and 19 new supporters from the Ethereum community are now backing our mission. Thousands of people across the world have spent years building Ethereum and holding $ETH, we aim to honor their commitment by becoming an open, accessible, and user-focused organization that supports the development of both this unstoppable network and its immutable asset. We care deeply about what makes Ethereum special: its credible neutrality, security, censorship resistance and openness. We also believe that Ethereum's potential is only realized when people use it at scale and when it remains the natural place to innovate, issue assets, hold + settle value, and be the home to a digital future its users can own. A big thank you to our initial anchor funders @BitMNR, @Sharplink, and @ethereumJoseph; to everyone joining us today, to the countless people and organizations that make Ethereum possible, and to all who have supported our work so far. There is an enormous amount left to do, and we are fortunate to have so many people who believe that it is worth doing. Now back to work. Funders: Weekly updates:

At @ycombinator, we're excited to fund more crypto startups solving financial needs including AI capital raising, stablecoins, trading, and agents. Here's our latest crypto request for startups. Our next application deadline is Monday.

I've been noticing that many traders (and even builders) fail to understand the right trading trifecta for their application. Building trading applications is really hard. It becomes especially hard considering that there are 3 related but distinct factors to balance, and different traders weigh them differently. Learning from building Definitive and working with Flash integrators, obvious patterns keep showing up. Be sure to bookmark this alpha drop 🧵👇

"imagine you take a stock token and make it programmable, like software, what can you do?" - vlad i discuss in the paper below what i believe is a genuinely new financial primitive that is now only possible because of stock tokenization i present, Isolated Exposure Tokens

I recovered @ALUAishere. For context, my VPS deleted all their files, but luckily had some local copies that @ChatGPT helped me find. Also, the new Hermes onboarding is glorious, gg @NousResearch. A few things that would be better: > More personalization in the boarding flow (name your agent, etc) > Make the end of the onboarding feel magical, as though you’ve just spawned a new life. > Maybe some way to connect X, or other places where a user has data, and then tailor the onboarding to fit a persona. EG, @coinbase agents was an option to add, but it would be cool if it was more suggested based on my user profile/known interests. Will keep sharing more publicly as I (we?) do things!