A good time to dust this off with Coinbase 🛡️’s $2.9B acquisition of Deribit Derivatives are still ~65-70% of all crypto volume, and Coinbase has just started to eat into this No one in crypto has executed acquisitions within the same ballpark as Coinbase.

People are going to study TBPN in Business school classes one day Identified one of the most valuable and under served media segments, gave them world class execution, and have seen exponential growth as a result There’s still a ton of room for innovation in media

Historically, bear markets caused by structural crypto issues (Mt. Gox, ICO bust, FTX/Luna) lead to these long, drawn-out 2+ year bear markets. But when the trigger for a bear is macro related (like COVID) and it’s paired with 0→1 innovation (DeFi/NFTs), we tend to see these

Craziest thing I've seen ChatGPT do: Showed it a picture of my brother and sister-in-laws child to be prior to getting a blood test (which typically is when you find out gender). Asked it to guess the gender of the child and it gave some pretty rational reasoning. Turns out

x.com/i/article/1922…

Launchcoin is just PumpFun but they picked a bigger market and a new meta

Best trading advice I ever received: As soon as you feel the need to tell someone about your uPNL, its time to take some profit

Excited to back Vishal K. Gupta and team! -Haven’t seen a better example of founder market fit. Vishal not only helped launch USDC but was also Head Of Exchange at Coinbase (and ex Goldman) -Launching an exchange that is stablecoin first and separates execution and custody.

This is by far the strongest point in favor of Launch Coin on Believe Most stocks don’t pay actual dividends. If the company goes to 0 you’re not getting proceeds from liquidations. The only value of stocks (and thus tokens as well) are: 1. Speculation on the future value of the asset

Got any of them OpenAI secondaries? Will probably be the first $1T private company

I just don’t know if retail will top blast like they used to IMO number bias of 100K+ is too much. Way different than 1K, 10K BTC price. Didn’t get much at 69K. 100K was driven by institutions, ETF’s (who are also not likely to top blast - outside of Saylor)

Got the OG gen 1 Solana phone when it first came out (still use it). Was a pretty good trade Buying one of these Solana game boy things. Will probably also be a good trade playsolana.com/products?code=…

Too many teams treating fundraising or TGE as the finish line

Not enough differentiation or creativity in the space -100 slightly different perp dexes -100 Yap to earn clones -100 launchpads with 1 feature differences You’re building features, not products. Believe in something

All casinos have agreed upon rules Smart contracts are really good at making rules and structure

Late stage investing is about product market fit Early stage investing is about founder market fit

The most underrated piece of this is the infinite bid this provides on $BTC -Credit cards account for ~30% of all retail transactions in the US -Americans spent about $5.5T on credit cards in 2024 If CB1 captures 1% market share w/ 4% Cashback that would be ~$2B in yearly bid

Have been spending a lot of time thinking about the: pump.fun vs Raydium vs Jupiter (🐱, 🐐) “turf wars” happening and shared some thoughts Also gave my long term HyperEVM thesis Fun convo with the The Edge Podcast guys!

Going on in a few to chat with the 🐐!