I'm excited to join @DragonflyVC on the investment team For years crypto has been the driving force in my life I've become a clearer thinker, because permisionless capital aggregates around the best ideas and what drives attention I've met countless new people both online and off, some of whom I'm lucky to call my closest friends Crypto represents the most pure, reflexive form of capital markets, and I strongly believe the most transformational companies, products and protocols will follow Working with @HadickM @hosseeb @tomhschmidt @KawageboF47481 @0xsudogm @0xelton and the rest of the Dragonfly team is an honor, one which I am very grateful for

1/ We’ve closed Breed VC Fund II, a $15M early-stage fund. We back the founders bold enough to rebuild the world we see today and return sovereignty to users. @breed_vc

"I just actually bought a bunch of $META this week" While other AI leaders debate slowing down, Zuck is accelerating.

Agora has received preliminary conditional approval from the OCC to organize as a national trust bank. A defining early milestone on the path to a full charter for Agora and regulated stablecoin infrastructure. agora.finance/blog/occ-condi…

Today we're launching Iris, the financial network telecom operators plug into to earn on what they already own. Operators built the roads the digital economy runs on. Everyone else got rich building the city on top. From 2012 through 2025, traffic on operator networks grew more than 50% a year. Operator revenue grew about 1%. The companies on top took the difference. Operators own what those companies pay dearly for: distribution, the billing relationship, daily engagement. And money already runs through all of it, in subscriber payments, top-ups, advertising and settlement. Iris sits underneath all of it. Same business, new revenue, settled in dollars. Iris runs the rails. The operator keeps the economics. VIVA, a licensed carrier in Bolivia, is the first operator live on Iris. Real transactions, settled in USDi, operating reserves held in dollars. Until now, operators built everything and kept almost none of the value. Now they build almost nothing and keep almost all of it.

@velocityxyz_ has raised an additional $10 million, bringing our total Series A funding to $48 million. @Visa, @circle, @Ripple, @HaunVentures, @translink_cap and @mirana are joining us for this extension. Having some of the largest players across traditional finance and web3 backing Velocity is a strong signal of where the market is heading. Stablecoins are moving deeper into the infrastructure behind global payments, settlement and treasury, connecting onchain technology with the financial systems businesses already use. A huge thank you to our customers, partners, team and investors for believing in what we’re building. Plenty more to come. CoinDesk exclusive: lnkd.in/e87xMTs8 Read the Press Release: lnkd.in/e_cYjRjp

The particularly interesting thing about the Instinct conversation is just how emblematic it is of the groupthink endemic in tech and venture. Instinct is, clearly, a product most people would like to see work. It works.. ok.. right now. But it's a easily inferior for most tasks people will use it for relative to other products that have existed for months. It's attacking a likely huge market, but also there obviously isn't a technical moat or network effect that makes this hard to copy, which I expect means it will become highly fragmented and distribution will reign supreme. With the right context it can be highly sticky and monetizable, but that stickiness will translate only to the power users and not the average or median user who will use it primarily to do things like make reservations, appointments, scheduling, etc - for those people it will matter more who they have the most affinity with (it won't be a number or whatsapp chat). The more complex tasks are not things that 90%+ of people will use or care about within even a venture timeframe. And it has zero users today who are not highly online, SF/NYC elites with a lot of curiosity and little product loyalty. I haven't met the founder but i'm sure everything everyone says about him is true, and he's played this marketing game (for VC attention) masterfully. But the demand for the venture rounds at those prices and the undiscerning fawning of the product as a visionary breakthrough shows how the incentives push so many of us to think that 1) being in the in crowd (through deals, conversation, etc) is what matters most and 2) bunching into "kingmade" deals at any price is an easier or better way to win this game vs. finding alpha. Everyone clearly learned that from OpenAI/Anthropic, but seems obvious to me that won't translate to consumer and enterprise products that sit on top of these models. Instinct may end up being a humongous winner and consumer tech giant, but currently it feels to me like more of a lesson in human psychology.

After a year of intense daily bipartisan negotiations, this bill is ready. Here is the final text. President Trump voluntarily agreed to new ethics provisions holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S. history. This new text includes more than 120 of Democrats' demands. A no vote on Tuesday means opposing real ethics reforms on politicians' personal investments, handing American leadership in digital assets to our foreign competitors, and leaving Americans with zero protections in the digital asset markets. Democrats got what they wanted; now they need to take yes for an answer. Here's the latest: lummis.senate.gov/press-rele…

NEW ROUNDUP We Cover: – How $BONER squeezed $HIMS – Losing money on fomo – How Santi's playing this cycle – Will $CRCL win stablecoins? @JasonYanowitz @santiagoroel TIMESTAMPS: 00:00 Intro 01:57 Crypto’s Animal Spirits Return 06:20 Can Memecoins Unlock Tokenized Stocks? 12:42 Ads (TOKEN2049, Avalanche) 14:22 How $BONER Squeezed Tokenized $HIMS 19:21 Robinhood Faces Meme-Equity Backlash 22:21 Are Onchain Equities Crypto’s Future? 28:34 Do Most Fomo Traders Lose Money? 32:01 You Must Enter The Trenches 33:53 How Santi Is Playing This Cycle 36:56 Is Solana Still Years Ahead? 39:29 Will Stablecoins Become An Oligopoly? 42:41 Content Of The Week

The MoneyGram Card is live. MoneyGram spent 85 years building one of the world's largest networks for moving money. Now stablecoins are turning it into a platform where 60M+ active customers can receive, save, and spend. The card completes the loop.