The GENIUS Act and On-chain Shadow Money
The nominal versus substantive objectives of the GENIUS Act
Insights from DeFi restaking for the fiat world and the monetary multiplier effect of shadow money
When the Thucydides Trap Becomes the Hysteria Trap
We need to know:
1. The greater recession and uncertainty are only just beginning.
2. The triple collapse of bonds, equities, and currencies marks the end of the previous Kondratiev wave. Fiscal and monetary policies can no
Global instability and chaos will continue to intensify, with black swan events triggering structural shifts.
The global financial environment, including crypto, will be severely impacted and enter a broad recession.
In 2026, the world will face even greater turmoil, during
A meaningful birthday @Forest City. Thanks to Sara for organizing. Shared our latest thoughts and the concept of CICADA @CicadaFinance Protocol Asset Management with the AI + Degen community held by Balaji, chatted with Vitalik about his early ideas on SBTs, and exchanged views
5 key success factors for web3 projects:
1. initial traffic generated by PR or KOLs
2. community / DAO-constructed consensus value
3. intrinsic value proposition
4. cross-project value potential
5. capital operation capability from day one
[1-4 also applies to web2]
Great talk with Nixon, Trump family advisors, the head of the Ethereum Foundation, and top-tier FO investors.
It’s rare to meet politicians who are open-minded, humble, and willing to listen, looking forward to building a truly sustainable environment.