We received this letter from FinCEN congratulating Coinbase 🛡️ on our substantial contributions to one of seven significant criminal cases to receive the FinCEN Director's Law Enforcement Award. We appreciate this recognition of our commitment to weeding out bad actors in whatever…

1/ Today’s Wells notice against Uniswap Labs 🦄 is disappointing, but is not unexpected from this SEC

It’s another abuse of power – unsurprising from an SEC that:

Last month, a federal judge ruled committed a 'gross abuse of power' by lying in court about a crypto project

A few months ago, I laid out how I thought the SEC was going to go after DEXs next and why DEXs would ultimately win. 👇

Today we’re sharing our biggest open source release yet: Jolt Alpha

Learn all about it in this video with Justin Thaler.

⚡️

Today we're releasing Jolt Alpha ⚡️

✅ Fastest zkVM in the world.
✅ Best developer experience.
✅ 100% open source and a public good.

Let's go.

Announcing: EigenLayer ♾ EigenDA Mainnet Launch

Founders building crypto-enabled apps today are often bound by blockchain compute costs.

zkVMs like Jolt allow developers to reveal “truths” to their users without publishing state onchain.

Things like reputation/leaderboard rankings, a certification that a smart contract is…

1/ We're excited to share the initial release of Jolt, a new approach to zkVM design. Early benchmarks indicate it outperforms RISC Zero by ~6x and SP1 by up to 2x. Major optimizations are still in the pipeline.

I swear we have the most cracked engineering and research teams in the industry.

We are sharing Jolt, our zkVM, with the world today, fully open source.

The coolest part about Jolt is that it comes from an entirely different lineage than other zkVMs, meaning theres a LOT of…

Today, we’re excited to announce that a16z crypto led the initial funding round for KIKI World! KIKI is a community commerce company that centers its customers by positioning them as co-creators and co-owners of products through leveraging web3 tech.

Historically, there's been…

'I have yet to find a more reliable and legible outcome indicator than Kalshi'

Packy McCormick's explanation of Kalshi's social value is on point.

“Open source is the technological equivalent of free speech.”

The State of Crypto index, which measures innovation and adoption in the crypto industry based on 14 key non-financial metrics, hit another all time high last month.

Several of the underlying metrics also individually hit all time highs. Here are some highlights 👇

Kalshi hit a record trading volume today...

40% higher than our previous record, which was hit 2 weeks.

SIG + volatility = volume.

Susquehanna is starting a trading desk focused on so-called events contracts as part of a push to attract investors who want to bet on everything from monetary policy to Taylor Swift trib.al/F4Vle9Z

Sydney Sweeney shares her thoughts on the exciting opportunities for creative collaboration on Adim:

“Finally, there’s a space where I can build my network and directly reward the participation of not only my collaborators but my fans through a transparent and community…

Today marks a pivotal moment for @kalshi and prediction markets:

Susquehanna (SIG), becomes the 1st institutional market maker to commit to Kalshi.

Prediction markets have (finally) surmounted their most elusive challenge: liquidity.

With ~$2 Trillion in yearly volume, SIG is…

If you asked us 4 years ago what would mean that Kalshi's 'made it,' we'd have said “getting a massive market maker like SIG in the platform”. We’re just getting started, and we couldn’t be more excited about the future. Big step for us now, but I’m sure it’ll look tiny in a…

1/ Last week, we submitted a response to NTIA’s request for comment on AI Models with Widely Available Model Weights (aka open source AI models).

A full copy of the letter can be found here: a16z.com/wp-content/upl…

Today is the five year anniversary of the last time the SEC provided constructive guidance on crypto.

Five years.

Enough with the politics. Builders should be allowed to build.