Watching this scene again and it still hits different. Some dude at Harvard gets dumped, starts coding out of spite and boredom, and ends up accidentally building the thing that basically rewired how everyone talks to each other. Wild how that worked out. The part where he just starts coding after the breakup always gets me. Like yeah, most of us just sulk. This guy built a company worth billions.
🗞️ Need to catch up on the news? Here's our top 10 from today:
🔸 VanEck has filed to withdraw its Lido Staked Ethereum ETF registration with the SEC, saying it no longer plans to move forward with the fund.
🔹 Polygon has closed its Coinme acquisition, turning its Open Money Stack into a US-regulated payments platform, with Tazapay, Mesh, Toku and Kira among its first users.
🔸 Bitwise CIO Matt Hougan says that whether the economy faces rate hikes, inflation, recession or an AI boom, nearly every macro scenario ends with Bitcoin higher.
🔹 Patrick Witt’s detail to the White House Crypto Council has expired, ending his tenure as executive director, per Eleanor Terrett.
🔸 The S&P 500 posted its worst day since July 29, wiping out roughly $800 billion in market value as U.S. inflation moved higher again.
🔹 The SEC has approved Cboe to launch exchange-listed binary options tied to key performance indicators reported by public companies.
🔸 US Treasury plans to buy back up to $6 billion in longer-term debt tomorrow.
🔹 Standard Chartered now expects the stablecoin market to reach $2 trillion by 2030 as transaction activity keeps growing despite slower supply growth.
🔸 The European Banking Authority has named Circle's USDC the EU's first significant stablecoin under MiCA, putting it under direct EBA oversight from November 12.
🔹 The OCC says the nine largest US banks had debanking policies from 2020 to September 2025, with crypto among the industries facing restrictions.
"Making it" in business really comes down to 2 things
Doubling down and sticking to it
Had this thought a few days ago: I've taken a few businesses to 6 fig/year as a solo founder, but never 7 fig
And I realised all these businesses had the potential to do it, but I never did at the time
The shiny new thing often means a reset of all progress, and even if you can get to the same point faster, you still delay your growth discovery phase
Sound dumb and cliche but sometimes, sticking to 1 thing ends up being the winning formula over a long enough period
Wild foraged porcini, saffron milk caps and cottonwood oyster mushrooms. Locally grown tomatoes, peppers, and onions with some foraged Allium vineale. Seasoned the roasted tomatoes with feral oregano and locally grown herbs.
For my kids' early years, I deliberately ran my business at about 25 hours a week.
Slower growth, in exchange for being present.
I don't say work-life balance. Work isn't the opposite of life. It's one part of it, under one roof.
a lot of neoclouds are pivoting to inference without any real differentiation. i don’t think this ends well
the market has two dynamics:
• compute supply is constrained, so revenue is growing even for undifferentiated providers
• frontier labs are competing aggressively for talent, creating a natural path to consolidation
but revenue growth is not the same as a sustainable business!
10 companies selling effectively the same product can not all:
1. go public: wall street will butcher 10 capita intensive, undifferentiated businesses
2. get acquired: strategic buyers have limited appetite for overlapping infra
3. stay private: continuous capex and working capital requirements make independence v expensive
my bet: if none of the new ones productise, they get consolidated into players like @baseten/ @FireworksAI_HQ or the big labs
the rest face a vicious cycle:
capital constraints → talent attrition → weaker products → lower customer retention → irrelevance…
the bottleneck today is supply. the moat tomorrow has to be something else
Delicious Shrimp Fried Rice with Vegetables
Ingredients
Rice & Vegetables
4 cups (550 g) cooked and chilled long-grain white rice
3 eggs
½ cup (75 g) diced carrots
½ cup (70 g) green peas
3 scallions, chopped
4 cloves garlic, minced
Cooking oil
Shrimp
450 g (1 lb) large shrimp, peeled and deveined
¼ teaspoon salt
½ teaspoon chicken bouillon powder
¼ teaspoon white pepper
Sauce
2½ tablespoons soy sauce
2 tablespoons oyster sauce
This shrimp fried rice is made with chilled cooked rice and shrimp seasoned before stir-frying. Combined with vegetables, eggs, and a flavorful sauce, it creates a delicious Asian-style dish that is both satisfying and packed with🥰👍
A new whitepaper, a major institutional partnership, more ways to move USDC, and over $1B in tokenized RWAs. There’s a lot to unpack from @injective latest updates.
The new whitepaper is the first complete rewrite since December 2018, detailing native RWA tokenization, programmable asset permissions, iAssets, and infrastructure for financial applications and AI agents.
Other developments include:
→ Gulf Labs, part of Thailand’s $27B GULF Group, selected Injective for its institutional validator.
→ Canary confirmed its upcoming Staked INJ ETF under the ticker INJC.
→ CCTP now enables native USDC transfers to Injective from EVM chains and Solana.
→ The Injective ecosystem page now features 270+ apps, projects, and partners.
→ Trench Treasury distributed its first $INJ rewards, while Stockdrop gave eligible users a way to earn tokenized stocks by burning $INJ.
→ Helix recorded $832M in 7 day trading volume, and Injective surpassed $1B in tokenized real world assets.
There’s also more happening around institutional adoption, privacy, and quantum resistance, with $INJ gaining wider visibility across trading platforms.
From the protocol itself to the projects building on it, @injective continues to expand its role in onchain finance.
A new whitepaper, a major institutional partnership, more ways to move USDC, and over $1B in tokenized RWAs. There’s a lot to unpack from @injective latest updates.
The new whitepaper is the first complete rewrite since December 2018, detailing native RWA tokenization, programmable asset permissions, iAssets, and infrastructure for financial applications and AI agents.
Other developments include:
→ Gulf Labs, part of Thailand’s $27B GULF Group, selected Injective for its institutional validator.
→ Canary confirmed its upcoming Staked INJ ETF under the ticker INJC.
→ CCTP now enables native USDC transfers to Injective from EVM chains and Solana.
→ The Injective ecosystem page now features 270+ apps, projects, and partners.
→ Trench Treasury distributed its first $INJ rewards, while Stockdrop gave eligible users a way to earn tokenized stocks by burning $INJ.
→ Helix recorded $832M in 7 day trading volume, and Injective surpassed $1B in tokenized real world assets.
There’s also more happening around institutional adoption, privacy, and quantum resistance, with $INJ gaining wider visibility across trading platforms.
From the protocol itself to the projects building on it, @injective continues to expand its role in onchain finance.
Mark Zuckerberg says Alexandr Wang is the sharpest entrepreneur of his generation: "Alex is the guy. He's the fucking guy."
"Alex and I had spent a bunch of time talking over the years, and maybe once every few months or something we'd talk. And I was always just very impressed by how he thought about things strategically."
"I kind of had this view of like, all right, currently he's doing this very operational data business, but it always felt to me like he was the sharpest entrepreneur of his generation of the ones who I had a chance to meet."
"I think maybe when we got started, a lot of people were like, okay, like how is this going to work? It's like the social media guy is working with the data guy. Like, are we going to build a frontier lab here or what?"
"My really strong conviction is because I talked to all the leaders of all the labs, all the heads of research, all this stuff, and I was like, no, Alex is the guy. Like he's the fucking guy."
"We need this kind of strategic clarity that he has around the different ways that we want to approach this, the kind of extreme focus on talent density, on the clarity of communicating the different vision which we kind of fashioned together over this period."
"And a bunch of things that I think were kind of extreme but have basically worked, like having this very flat culture was something that you were kind of really obsessed with."