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Cosmo Jiang
@cosmo_jiang
Investor | GP + PM @PanteraCapital | @solana_company | @novariverxyz | Opinions are my own, not investment advice
407 Following    7.3K Followers
It's so obvious that blockchain technology, in particular stablecoins, has been a massive positive for the US So many naysayers after Clarity Act didn't proceed don't understand there's no going back to being "anti-crypto" - it's just not rational policy
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Digital Asset progress will march on even without the Clarity Act, as the SEC and CFTC keep delivering frameworks for digital assets to succeed - such as the Tokenized Equity innovation exemption launched this week. It's always a pleasure to speak with @KellyCNBC and the @CNBC team.
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Digital Asset progress will march on even without the Clarity Act, as the SEC and CFTC keep delivering frameworks for digital assets to succeed - such as the Tokenized Equity innovation exemption launched this week. It's always a pleasure to speak with @KellyCNBC and the @CNBC team.
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Open source, decentralized AI for all is becoming increasingly important as the walled gardens of the world (Anthropic) progress down the natural path of trying to entrench their own interests
This post looks like the start of a VERY sophisticated and well-funded PR operation to get support for Democrats to regulate AI into oblivion. Let me show you how it works: 1.) This guy, with minimal followers and no previous account activity, goes to the Wall Street Journal which publishes an exclusive with quotes from him on his resignation 18 minutes BEFORE this post goes up. Planning was clearly done in advance. 2.) Within hours, it has tens of thousands of reposts and the account has 100k+ followers. The post is punchy, quotable, it almost seems professionally written. The first three accounts to quote tweet it all do so within 15 minutes of the initial posting. Remember, this account had basically zero engagement beforehand, so an organic reach explanation seems unlikely. According to Grok those accounts are @_NathanCalvin (General Counsel at Encode AI), @peterwildeford (Head of Policy at the AI Policy Network), and @DKokotajlo (Head of the AI Futures Project), all of which are up-and-coming AI-Doomer policy advocacy nonprofits. The AI Futures Project website says it is funded “primarily” by the Survival and Flourishing Fund, which says on its own website that it has advised Jaan Tallinn, Skype creator and one of the leading investors in Anthropic, to grant over $2.5 million to the AI Futures Project since 2024. Encode AI says on its website that it is ALSO funded by the Survival and Flourishing Fund, which in turn says that it told Anthropic investor Jaan Tallinn to grant $516,000 to Encode AI in 2025. And wouldn’t you know it, the Survival and Flourishing Fund ALSO says it told Jaan Tallinn to grant $2 million to the AI Policy Institute, the 501(c)(3) affiliate of the AI Policy Network, as well. What are the odds that the first three quote tweets of Coxon’s post would all be major AI-restriction policy advocates funded generously by the same donor, who also happens to be one of the leading investors in, and a board member of, Anthropic, the company Coxon was resigning from? And all within 15 minutes of posting (two within ten)? 3.) Jacob Coxon doesn’t have much of a resume, but we do know that, in 2022, he got a $20,159 scholarship for the “long term future scholarship program” from the Good Ventures Foundation, one of the philanthropic vehicles of Dustin Moskovitz, a notorious AI-doomer who has spent tens if not hundreds of millions on policy advocacy to strictly regulate AI, while also being an Anthropic Investor himself. It also just so happens that the 14th person to quote Coxon’s post was @MaxNadeau_ (27 minutes after posting) who is the program officer for the Technical AI Safety team at Coefficient Giving, another of Moskovitz’s philanthropic spending vehicles. Max is not a frequent poster, his last posts before quoting Coxon were before Labor Day, but he was remarkably quick off the mark for this one. 4.) Basically every major Democrat politician and candidate has suddenly glommed on to this post, and conveniently, as the people cry out foe answers, Bernie Sanders already has a bill written to “ban super intelligence” and regulate AI into oblivion, and will be releasing later this week. The bill, among many other things, will create “a new cabinet-level federal agency to safeguard the public from the dangers of artificial intelligence” that will be “advised by an Artificial Intelligence Advisory Board comprised of experts on artificial intelligence.” Do you think, perhaps, Anthropic and its many investors who fund AI policy advocacy might have interest in getting to place a pet “expert” on the board of an entity that dictates what AI is and isn’t allowed to do? And isn’t it fortuitous that this whistleblower came forward with his oh-so scary stories so close in proximity to the release of the most radical piece of AI legislation ever introduced?
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Bitcoin spent the past six months in a tight range. After periods of consolidation, moves tend to be violent and large. Positioning is now reversing: from investors being on the sidelines and even net short to a growing desire to be long. The breakout above the 200-day moving average at 69K has brought in momentum and trend following funds. From a long-term perspective, digital assets are still about 50% below previous highs while fundamentals have strengthened: stablecoin adoption, prediction markets, perpetual futures, and agentic commerce. When fundamentals improve and prices remain discounted, the case for continued constructive positioning becomes clear. @cosmo_jiang @CNBCTheExchange @KellyCNBC
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Embodied AI x Identity x Blockchain
peaqOS brings @worldnetwork's World ID to robots and machines A machine can now check two things about the person in front of it: is it a real human, and the one who actually placed the order? Nothing else is revealed. No name, no face, no ID. Free to verify. → peaqOS provides identity, discovery, and coordination → World ID proves the human, without revealing who they are
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Fundamentals are in the benchmark for institutional digital asset exposure, inspired by my conversations with allocators asking for a useful index of productive tokens We partnered with @SPDJIndices, the gold standard, to bridge the S&P 500 methodology to digital assets $SPPDA
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The S&P Pantera Digital Asset Index outperformed broad blockchain-ecosystem benchmarks when backtested. We built it with @SPDJIndices, applying fundamental screening to identify the tokens driving real financial value. Concentrated exposure to blockchain's top performers is now reflected in an index. $SPPDA
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“AI Agents will choose the fastest, cheapest, most frictionless rails." @cosmo_jiang sat down with @CoinDesk this morning to share how Pantera views the current market: - How AI agents accelerate blockchain adoption - Is the $BTC 4-year cycle still accurate? - The setup for an onchain rebound into Q4 - Building a fundamentals index with @SPDJIndices
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This is why we need Proof of Human @worldnetwork and products like Deep Face in collaboration with @Zoom
Startup establishment @maxkolysh @ycombinator catching up to the problem of proof of human @worldnetwork has the solution today and already working with partners including @Tinder @Zoom @Reddit , all the example use cases cited in the video
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Proving You’re Human @maxkolysh A finance worker recently wired $25 million after joining a video call with his CFO and colleagues. Every other person on the call was a deepfake. As voice and video become easier to fake, the internet needs a new trust layer: a private, reliable way to verify that there is a real human behind a call, message, review, or transaction.
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World has a ton of enterprise traction, with more coming Use it in @Zoom or @Tinder today and you'll realize why Proof of Human is uniquely powerful in the AI era Tokenomics changes will help the adoption curve shine through Excited to back @alexblania @sama & team
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Three years after launch, World enters Phase 3 of its roadmap, expanding privacy-preserving proof of human to consumer apps, enterprises, and AI agents.
There are tokens with real fundamentals - it's just obscured by a lot of other nonsense. We are fixing that for institutional allocators. Fundamentals matter. That's what gives the S&P 500 credibility and durability, and that's why we created the S&P Pantera Digital Asset Index. Tokens in this index generated ~$3bn of annualized revenue in the trailing six months, amidst a bear market. This was more than a year of close collaboration with @SPDJIndices @artemis - incredible partners who will be trustworthy stewards of this index.
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Cash flow positive DePIN
Today, Grass announced that it is rewarding network participants in USDC instead of its native token. Grass reached profitability near the end of last year, and is now in the unusual position of being able to compensate contributors directly from the revenue the network generates. To me, this represents an important milestone. A network should eventually graduate from subsidized growth to a self-sustaining economy. Token incentives are a powerful tool for bootstrapping supply, but they should not become a permanent substitute for real demand. The end state was never "pay people with tokens forever." The end state is a business with customers, cash flow, and a network whose participants are compensated because the underlying service creates real economic value. We're still early in that journey, and there's an enormous amount of work ahead of us. But today feels like an important step, and it makes me incredibly excited for what's next.
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Capital markets only function with trust between investors and business builders, and that trusts starts with clear and transparent disclosure. Tokens are a new form of capital formation. The Token Transparency Framework is essential to move the industry in the right direction.
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Introducing the Transparency Alliance. An industry-led alliance establishing the Token Transparency Framework as the standard for token market disclosures.
Digital assets are shaking out of a bear market as price catches up to fundamentals, including impact of the convergence of AI and Blockchain. Thanks for having me on to share these views Melissa @CNBC
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Markets rotate. Hot sectors like memory chips and semiconductors recently outperformed Bitcoin. @cosmo_jiang explains that this rotation contributed to Bitcoin’s pullback late last year and early this year, driven by momentum investors chasing the hottest pockets. $Bitcoin is performing strongly again, and investors are remembering why digital assets remain one of the most compelling early-stage asset classes with tremendous growth potential, especially from current oversold levels. @CNBCClosingBell
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The most powerful periods of technological progress happen when two transformative technologies reinforce each other. We saw it with steam and railroads. We saw it with the internet and smartphones. Now it’s happening with AI and blockchain. Blockchain is uniquely positioned to power the next wave of autonomous AI agents through faster, cheaper, and more global rails. This convergence is already underway and will unlock massive economic activity. @cosmo_jiang @SquawkCNBC
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Every convo I've had this week at @MilkenInstitute and Medici has invariably touched on tokenization We're far past whether this is a question of "if" Ton of great work here from my colleagues @FranklinBi @sui414 @0xallyzach
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Beyond the Digital Copy: What's Next for Tokenization? Our research team developed a new index of 593 assets across a $320B market that reveals how far onchain finance still has to go. Access the full report here:
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