Why should you #HODL your #Bitcoin and never sell it? I know why. A short thread 👇

If judged based on consumer adoption, AI chatbots are the most popular technology ever. If judged based on poll numbers, they are the least popular. How to explain this? A big part of it is the Doomer Industrial Complex — hundreds of astroturfed organizations that have spread doomer narratives about AI. Writer Nirit Weiss-Blatt (@DrTechlash) has analyzed this ecosystem and traced its funding to just a few Effective Altruism billionaires. Namely Dustin Moskovitz, Jaan Tallinn, Vitalik Buterin, and Sam Bankman-Fried (yes, the convicted felon). Collectively they have donated over a billion dollars to the cause of catastrophizing AI. Those repeating the memes should understand the source. Full article: aipanic.news/p/the-ai-existe…

We here that aa lot, dont we: "Prioritize builders over priests" Which sounds good, but builders can build garbage too. Builders need to work with visionaries and prophets. WeWork had builders. Theranos had builders. FTX had builders. The difference isn't builder vs prophet - it's building something valuable vs building narratives The real problem is slightly different. The market can't and doesn't know how to distinguish between genuine innovation and sophisticated storytelling. Both look the same in presentations. And a reset won't help if investors are still chasing the same mirages (which they will again, after reset), just with smaller checks. A reset will simply restart the same behavioral cycle.

The next move belongs to you.

1/ The best crypto investments give you two ways to win. A thread exploring one reason I’m so bullish on Solana. 🧵

Western Union launching a stablecoin on @solana... Stablecoins won’t save Western Union. This only delays the funeral.

Any trick can be rehearsed in a lab - I could even fly and vanish. In real life, TEE isn’t a trick; it’s the hardware vault for your biometric data and your money in the bank. So let’s separate stagecraft from real incidents. Let me break it down. Every so often a headline pops up: “TEEs are broken!” My only reaction after reading: a yawn. and yes, I'm sick and tired of it. Yes, in the lab you can demo almost any trick under perfectly tuned conditions - any futuristic plane can fly, chess engines read minds. But the world isn’t a test bench. Trusted Execution Environments (TEEs) aren’t an abstraction; they’re deployed in our iPhones (Secure Enclave for biometrics and Apple Pay), in Ledger hardware wallets, in banking systems, and across major data centers. If these papers translated into real, widespread theft of data or money, you wouldn’t be reading about a lab POC from @yrschrade. you’d be reading about lawsuits and billion-dollar losses. Show one production case with actual losses (not a POC, not a lab setup). I’ll wait. Facts: lab research is useful and should be published. Panic based on it is biased hype. If you want to excite an audience, call it “research.” If you want to be useful, show real incidents or propose practical, production-ready mitigations. For now: loud headlines, zero real-world damage.

Want to understand why solvers love CoW Protocol? 🤔 This content series from @BRRRDAOxyz is a great place to start! TL:DR: Because it treats solvers - not miners - as the heroes of efficient trading. 🫡 A mini 🧵

This is the greatest flippening of all time. Artificial language models have surpassed biological language models in terms of content generated.

Everyone’s calling Zcash “Bitcoin insurance.” Let’s be honest, that’s nonsense. You don’t hedge a $2.5 trillion network with a $4 billion ghost chain. Full article link in reply below, but listen:

Thank you for the nice comments! Overall, I think I have always been lucky. It (the process) was extremely painful, but it didn't break me. My official record was tarnished for a bit, but my reputation held strong. No one, not a single person, stopped doing business with me. My family, friends and community supported me. I was never alone. Thank you for your support! Let's keep building.

It was great speaking at the Tbilisi Finance Summit alongside @lisajytan, @Tether_to VP, @Bybit, @pave_bank, @FireblocksHQ, and @Anchorage. Amazing discussions and valuable connections all around!

CRYPTO JUST GOT INVITED INSIDE THE FEDERAL RESERVE Fed Governor Christopher Waller opened the Fed’s first Payments Innovation Conference with a message nobody expected - this is a new era for the Fed, one that’s open to DeFi and crypto. 🤯 He said the industry isn’t being pushed to the sidelines anymore. It’s being brought into the conversation on the future of payments. The Fed is now talking about stablecoins, tokenized assets, and AI-driven payments - and not as threats, but as part of the system. For the first time, it feels like the Fed isn’t fighting the disruption. It’s learning to work with it.

TradFi just made another major move into crypto, and this time, it’s serious. @usbiwealth, a $74B bank, just launched a Digital Assets & Money Movement unit to accelerate stablecoin issuance, custody, and tokenization! So, why this matters? Let's understand it! 🧵 Starting off, a major regional bank building a dedicated team shows institutional normalization. Banks are shifting from pilot projects to scalable client-facing digital-asset services, like custody, tokenized settlements, and payment rails, inside regulated banking foundations. Focusing on bank scale and credibility, U.S. Bancorp is a major incumbent with a market cap around $74 billion and total assets near $690 billion. That scale gives any digital-asset product immediate distribution reach across corporate and retail clients, strengthening trust and regulatory engagement. For context, this is NOT an isolated move. This follows U.S. Bancorp’s recent decision to revive institutional BTC custody services with @NYDIG as sub-custodian. The new unit consolidates those efforts into a unified product and go-to-market strategy! Following, there are technical and product implications, such as: • Custody at scale: banking-grade custody can integrate with trustee services, compliance, and settlement rails, reducing friction for institutional flows into spot ETFs and tokenized assets. • Stablecoin issuance and rails: a bank-backed stablecoin or tokenized deposits could enable 24/7 settlement inside regulated lanes, lowering correspondent banking costs. • Tokenization and settlement: tokenizing assets on regulated rails shortens settlement windows and allows programmable corporate cash and treasury management. For the clients, there are operational advantages! Clients gain: They gain (1) regulated custody with banking guarantees, (2) integrated fiat on/off ramps within an existing bank relationship, and (3) access to tokenized liquidity for treasury optimization. All highly relevant for funds, asset managers, and corporates evaluating crypto exposure. Finally, the measurable impact of this move deserves attention. U.S. Bancorp’s vast distribution network enables rapid enterprise adoption once products go live, setting a precedent that could push competitors to accelerate their own initiatives in custody, stablecoins, and tokenization to avoid losing market share. At the same time, bank-led digital products operating under strict regulatory supervision may drive institutional adoption faster, while also demanding stronger compliance frameworks across the ecosystem. Concluding, traditional finance is moving from pilot mode to product mode for digital assets. U.S. Bancorp’s new unit consolidates prior custody work and positions the bank to offer regulated ways for tokenized money, a key step toward mainstream institutional crypto adoption. What do you think TradFi’s next big move into crypto will be?

this is real

x.com/rezoshm/status/1976767… x.com/rezoshm/status/1976746… x.com/ramahluwalia/status/19… x.com/rezoshm/status/1978476… x.com/udiWertheimer/status/1… x.com/yq_acc/status/19770573…

The “Binance attack” panic was overblown. What's with Uptober now? What looked like a targeted strike and cascading liquidations over the Oct 10-12 weekend turned out to be a short-lived manipulation attempt. The market absorbed far better than most expected.

The shape of things to come: @Google as scientist benefitting humanity and being creative with new ideas for cancer decrypt.co/344454/google-ai-…

The $23B Binance outflow isn’t a panic - it’s math. The claim that “users are fleeing Binance” because $23B left in a week misses the most important context: scale. Binance isn’t just another exchange - it’s the entire category. Relative size matters: Binance: $189.2B in assets Bitfinex: $26.7B OKX: $20.9B Gate: $10.9B Bitget: $8.4B Binance is ~7× bigger than Bitfinex and 22× bigger than Bitget. Of course its nominal outflows are larger - because its base is larger. Proportional outflows: Binance: $22.71B outflow → ~12.0% Bitget: $0.96B → ~11.5% Gate: $1.06B → ~9.7% In proportional terms, @binance is mostly in line with the rest of the market. In fact, its drawdown is almost identical to Bitget’s. This isn’t a Binance-specific panic. It’s prob a market-wide deleveraging. When you’re 20× larger than competitors, your numbers will always look dramatic in absolute terms.