GENIUS passed because it buys America's debt. CLARITY died over one counteroffer: officials with $1M+ in crypto companies sell within 180 days. Crypto doesn't need the Clarity Act. The US does.

Call for Speakers | @EthTaipei @BSOSTech has been invited to host a main stage panel at ETHTaipei this September (Sept 13-14), focused on the institutional adoption of real-world assets. Topics: tokenized treasuries, private credit, regulatory developments, and the market infrastructure to scale onchain finance. We welcome speakers from tokenization platforms, exchanges, asset managers, and legal/regulatory experts. To be considered or recommend a speaker, please DM. Happy to share the full panel brief.

Robert Leshner left Compound in 2023 with a parting thesis: institutions aren't coming for crypto assets. They're coming for RWA rails. He built Superstate. $1.2B AUM later, Invesco runs his fund. Compound just approved $52M for an institutional RWA pivot. The DAO spent three years and $52M to arrive at the founder's exit memo.

When I was at Cornell in 2024, ESG classes had waitlists. Because every big company had a whole ESG department waiting to hire us. Two years later, the waitlists are for AI courses. And those departments? Renamed, merged, or gone.

Bitcoin mining farms found their exit. CoreWeave: former Ethereum mining farm. Now OpenAI's landlord, $11.9B contract. IREN: former Bitcoin miner. Now Microsoft's landlord, $9.7B contract. Miners thought they were in the bitcoin business. They were in the power business. Bitcoin was just the tenant.

The most expensive asset in crypto isn’t BTC. It’s a KYC’d human who actually spends stablecoins.

WebX made one thing clear. Japan is absorbing crypto. The ministries, the megabanks, the conglomerates that run your convenience stores, all moving as one. Crypto is becoming the invisible infrastructure of the country. https://t.co/zoKBLgRc4T

Three people watching tomorrow's SpaceX unlock, translated for crypto natives: The employee with $27.65 options is the team allocation hitting its cliff. The SPV buyer is the private round whose tokens arrive after the top. The retail guy who bought the $150 open is the TGE candle. Low float, high FDV, nine-tranche vesting, even a price-triggered accelerated unlock that assumed the stock only goes up. TradFi didn't invent a new structure. It just forked ours.

Stablecoins are the first crypto product normal people can actually understand. So naturally, adoption happened where nobody can see it. Your web2 PM friend who "doesn't touch crypto" got paid by her overseas client through Bridge. She thinks Stripe just got faster.

Bullish on stablecoins. Skeptical of a consortium @openstandard that ships a press release before a coin.