DeFi

Ethereum

Today, we unveil Morpho V2.

An intent-driven lending platform powered by fixed-rate, fixed-term loans.

Designed to liberate the potential of onchain loans.

The future might just be

> morpho
> 3jane
> wildcat

Wallahi my brothers

the white paper has evolved

https://ethdigitaloil.com/

https://x.com/coinbase/status/1932836009034617183?s=46
What they doing over dere

Tomorrow, the next chapter of Coinbase starts.
And the biggest names in the industry are kicking it all off.

This is the 2025 State of Crypto Summit.
Livestreamed here on X. https://t.co/h3133oxvjl

Coinbase 🛡️

venturecapital

We co-led the ether.fi ($ETHFI) seed round in 2023 during the depths of the bear market. One of the best investments we’ve ever made.

Chime is going public at a $11.2B valuation.

ether.fi (2.5 years old) already has nearly the same deposit base, is growing faster, and is far more profitable.

Invest when others are scared. I’ve internalized that idea for the rest of my career.

https://youtu.be/wkxNxp1dTtE?si=QZl2dKs-P6wG8oUg

Very good timeline we’re trending down

Consumer Crypto

If the whole internet runs on stables you’ll be able to run some really great scams

The fake storefront is one that’s uniquely USDC enabled due to no chargebacks

“Sell” something under a brand name with no PII attached, never fulfill it, keep all the money

Opportunity to build a niched down insurance protocol for chargeback platform

- target e-commerce only
- reputation system for vendors and buyers 
- reverse logistics integration
- yield on the insurance pool

brypto

Historically, crypto projects exited by:
1) dumping on retail
2) dumping on institutions

1) is gone because retail wised up ($fartcoin > L1 vaporware coins)
2) is gone because instos focused on $btc / stopped LPing

M&A offers a 3rd path -- initially to stablecoin middleware (bullish companies like @splits), but more soon™️

coalescing around the broader vc-backed trend

stay private longer or get gobbled up by a tech company

probably not actually good in the long term

1/ Hi Farcaster Fam!

Today, we're proud to announce that Stripe is acquiring Privy.

We couldn’t be more excited.

Privy continues as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users.

congratulations to the team and their investors :)

On humanoids:

https://x.com/mhdempsey/status/1931039472931516447?s=46&t=LUwp6CEG8bj71wefilcCmQ

Brett sucks btw

Figure CEO Brett Adcock says his robots will share a single brain. When one learns something new, they all get smarter.

Want an employee or a home assistant? You'll pick the one that learns from everyone's mistakes.

This is how the flywheel spins. And why he believes the first https://t.co/UM31gUDkBY

1. Highly engineered demos
2. Highly engineered partnerships
3. Narrative positioning of data flywheel and first mover to drive capital markets FOMO and increase moat narrative
-- you are here -- 
4. Cost projection revisions to make current TAM/GTM make economical sense
5. Maybe

Michael Dempsey

Why backing technical founders is challenging - a lesson:

@EthereumOnARM There is no plan to remove Geth. It is a great client software and a talented team contributing to protocol security. We will maintain / support Geth and continue making it even better and faster.

I DARE you and the entire #Ethereum foundation to say that you didn't offer $5M for us to spin out. Or that EF didn't ask at least 3 times if we wanted to make a company instead and go off, just me and Felix and @mhswende pushed back. I dare @hwwonx to deny our Feb talk.

Péter Szilágyi

Why backing technical founders is challenging - a lesson:

https://x.com/peter_szilagyi/status/1932715607205564874?s=46&t=LUwp6CEG8bj71wefilcCmQ

You don't call someone a pedo in a fake fight

the problem with this narrative is the users who opened a Coinbase account, bought a few hundred dollars of crypto and left it there are just fundamentally NOT users that will care. this is a main selling point for base, and it fails first principles. even getting listed on Coinbase doesn’t mean what it used to.

love u tho peter

morpho scaled to $300m in a matter of months 

I don’t think the people with a few hundred bucks matter as a success metric in this battle imho

Framedl

i said something similar to some newly minted solana maxi founders:

crypto is too small, many times one ecosystem struggles and other comes up, you want to have relationships/friends across eth/solana/base and not be like ewww if you are in this game for long-term

common theme in niche markets

Unfortunately for  “internet native” or CT specifically

It turns out being a dick

Isn’t bullish

Apple

https://youtu.be/Pt3qAWxIbrU?si=y5u_SMnWtC6yN5o2

Doesn’t feel like they’re avoiding the big question. 

Do things right cuz once it’s out - the majority won’t forgot how bad it is

there's a personal finance thing called "die with zero"

have you considered "dying with nine zeroes?"

Just finished watching WWDC. Here are some of my thoughts. 

1. Visual Intelligence - I'm so happy that they're bringing greater ability to take action on screenshots. I'm honestly surprised it took this long. I think most people's photo libraries are filled with screenshots that wouldn't need to be there if there were capabilities built in to quickly act on the information contained in the moment that they were captured. Awesome that this is finally coming. 
2. Games app - Apple clearly wants to control the social aspect of games, ie competing with friends on leaderboards. This is an area that many crypto games would like to use. Apple making a move to control metagame ecosystem tells me that crypto games are going have an uphill battle regardless of Apple losing the case against Epic. 
3. Intelligent Actions - I really hope that the changes to Shortcuts is more significant than they let on. If Apple is going to introduce agentic capabilities to the OS this is the place. Glad to see overhaul of Spotlight.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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