It's hard to believe it's already been 11 years. On July 30 2015 we launched Ethereum from a small scrappy office in Berlin's Kreuzberg. So much has changed since then. Ethereum has undergone so many transformations yet one thing stays the same. Ethereum is the world computer.

Silicon Valley: Open Source isn't how the world works!!?! The world:

Liquidity update: 𝗦𝗼𝗹𝗮𝗻𝗮 𝘄𝗶𝗻𝗱-𝗱𝗼𝘄𝗻 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲, 𝟭𝟬% 𝗼𝗳 𝗣𝗢𝗟 𝗻𝗼𝘄 𝗹𝗼𝗰𝗸𝗲𝗱 A quick update on where Botto's liquidity stands following BIP-99. Following BIP-99, the $BOTTO liquidity pool on Solana (originally set up under BIP-69) has now been fully removed and bridged back to Ethereum mainnet. This closes out the Solana initiative and consolidates Botto's liquidity into one place, reducing fragmentation and operational overhead. A new v3 liquidity position has been created on Ethereum, and 10% of protocol-owned liquidity has now been permanently locked via UNCX. Lock linked below 🔗 ↓ 𝗜𝗻 𝘀𝘂𝗺𝗺𝗮𝗿𝘆: ✅ Solana pool closed out (BIP-69 → BIP-99) ✅ Liquidity moved back to Ethereum ✅ 10% of protocol-owned liquidity locked via UNCX

Absolutely incredible. In an unprecedented move, South Korea's stock market just collapsed -44% in 40 days, erasing -$2 trillion in market cap. Now, South Korea's finance ministry has announced plans to "stabilize" the market. What is happening? Let us explain. (a thread)

COME ON MAN I JUST MIGRATED ALL OF MY BITCOIN TO A NEW WALLET, NOT AGAIN

After 5+ years, we're winding down POAP. Over the years, we: * minted millions of collectibles across hundreds of communities. * did incredible collaborations with world-class organizations - Coinbase, Amex, WMG, Bayer, and a long tail of others, including countless in crypto. * ran one of the biggest activations at Devcon, minting 8000+ collectibles over the course of a week. * built an Airport Rally to let collectors get POAPs at airports around the world. POAP meant something to a lot of people. Unfortunately, crypto's funding cycles and distribution dynamics made it hard to build a sustainable company without cannibalizing the ethos that made POAP mean something. Building on a fragile and quickly evolving stack, in the middle of an incredible hype cycle, only added to the challenges. Still, there are some big lessons I am carrying from the POAP story. First: Customer communities are the most undervalued asset a company can have. If you build something with soul, people who use it and love it will take your brand everywhere. Do not underestimate the power of customer communities. Second: Connection is still the point. It's easy to lose that thread when the conversation is about the latest bubbly tech or price speculation, but the people using POAPs at events, in classrooms, at hackathons were getting something real out of it. Third: Longevity and brand equity are the only moats left. With the time to building and shipping something new collapsing quickly, and distribution becoming increasingly an engineering problem, customers increasingly want to make sure they can trust that the things they are buying will grow and evolve with the market, without changing radically. Grateful for everyone who believed in what we were building. It's too soon for me to say what's next, but for now, I'm thinking a lot about what GTM looks like in the age of AI.

The need for compute financialization, and how it will be developed. Thank you to @0xmoonrunner, @0xMetaLight, for review and feedback! The state of compute In late 2023, at the height of the GPU

🇪🇺 Two things are true at the same time about the status quo of stablecoins under MICA in the EU: 1️⃣ There are now ~35 regulated e-money tokens from 21 issuers, banks and EMIs alike. Real institutions are betting on this space and many large EU corporations will enter over the next 12 months. Implementation is working well for local issuers. Momentum is real. 2️⃣ Of the top 50 stablecoins globally, only 3 are MiCA-compliant: USDC, USDG, and EURC. The rest sits outside MiCA's perimeter - meaning EU users are either unprotected or cut off. For a framework designed to bring global stablecoin markets under its EU supervision, that's a significant gap. My take: MiCA's review is a chance to make the framework more competitive and globally aligned. Locally issued tokens need to scale beyond EU borders - that's their real value proposition (cross-border payments, tokenized trade vs. an already well-served local payments market). Global regulatory alignment matters most for that. And the goal should be bringing more of the global stablecoin activity under MiCA's umbrella, not outside it. A recognition regime for foreign-regulated tokens could attract global issuers without forcing local issuance as the only current path in. TL;DR: MiCA only becomes a major regulatory success and a global blueprint if it achieves two things simultaneously: 1️⃣ Local EMTs scaling globally via a competitive, innovative regime that is globally aligned 2️⃣ Global stablecoins coming under its perimeter via a pragmatic pathway for foreign-regulated issuers