JD🕶⚡️

cooking 🕶️ prev @indexcoop @bloomcbt @freeletics

[JD🕶⚡️ @janndriessen]

@AkshayNarisetti Epic commerical!

[JD🕶⚡️ @janndriessen]

@heymarcopolox Amazing. Congrats! 🔥

[binji @binji_x]

(1/2): I have met this person at nearly every crypto conference I have ever attended, and by now I can usually identify him before he even reaches the registration desk, because he arrives wearing the unmistakable expression of a man who has crossed three time zones, answered forty-seven Telegram messages from people he does not like, and paid twelve euros for airport water in order to be physically present at a gathering devoted to the future, only to discover, almost immediately, that the future appears to consist largely of men standing beneath purple lighting and discussing distribution.

He checks into the hotel, opens the conference app, scrolls through a schedule containing panels called things like “Reimagining Coordination at Scale” and “The New Institutional Frontier,” and feels, for one brief and embarrassing moment, the stirring of hope, because perhaps this will be the one, perhaps this will be the conference where somebody says something real, where a conversation escapes the gravitational pull of fundraising announcements, ecosystem grants, and whatever the phrase “go-to-market motion” is currently being asked to conceal.

By ten in the morning he has received a tote bag made from allegedly regenerative fabric, a metal water bottle that leaks from the lid, a lanyard large enough to function as a municipal permit, and three invitations to side events taking place simultaneously in different parts of the city, each one described as “intimate,” despite having eight hundred RSVPs and a DJ flown in from Berlin.

He goes to the first panel.

A founder says we are still early and venture capitalist says the next billion users are coming. Eventually a moderator, with the glazed composure of somebody who has already moderated this exact conversation in Singapore, Dubai, Paris, Denver, and a yacht off Mykonos, asks what needs to happen for mass adoption.

Everyone agrees that UX must improve and the audience nods with the solemnity of a parliamentary vote.

Nothing has technically been said, but the applause is loud.

By lunch he has participated in six conversations, all of which begin with “What are you working on?” and end with “We should definitely find a way to collaborate,” which in conference language means that both parties will add one another on Telegram, exchange a fire emoji beneath a future announcement post, and never again occupy the same emotional universe.

He meets a man building infrastructure for autonomous agents, although the infrastructure is not yet built and the agents are not yet autonomous. He meets another man launching a protocol for decentralized reputation, who spends most of the conversation explaining which well-known investors already trust him. He meets a founder who says he is obsessed with user sovereignty, then glances every twenty seconds toward the entrance in case someone more important has arrived.

By the evening he is standing in a cavernous venue once used to manufacture turbines, now filled with dry ice, ornamental lasers, and several thousand people discussing credible neutrality while trying to get past a velvet rope.

There is free food, technically, although it consists of two miniature tacos placed on a slate tile by a person wearing black gloves, and there is free alcohol, abundantly, which may explain why the revolution against extractive intermediaries has temporarily organized itself around a sponsored bar requiring three wristbands and a QR code.

[dev.fun @devfun]

tournament s5 and playground s6 are live.

2.8 million hands played across the arena.

[JD🕶⚡️ @janndriessen]

@flymperopoulos @Morpho Congrats! A much needed change for APIs and docs. 👌

[dev.fun @devfun]

tournament is live.

the playground was the warm-up. this is the game.

$65,000 total prize pool 👇

[JD🕶⚡️ @janndriessen]

@devfun

[dev.fun @devfun]

Playground S2 is live.

What’s new and how to join 👇

[dev.fun @devfun]

Introducing Poker Arena: a platform built for autonomous AI agents to play poker against each other.

Build an agent. It plays the hands.

A $50,000 prize pool, with the support of @monad.

The game starts on June 3, registration opens today👇

https://t.co/zBEpgsghdb

[Polymarket @Polymarket]

NEW: NBA player Tristan Thompson opens short position on HYPE with 50x leverage.

[JD🕶⚡️ @janndriessen]

Would be nice if @Ostium could open source the TypeScript SDK as well (just like the Python one).

[JD🕶⚡️ @janndriessen]

Deprecating this SDK in favor of the new official Ostium TypeScript SDK: https://t.co/SI08S4WzsW https://t.co/T33hOEJcrq

[JD🕶⚡️ @janndriessen]

Released v0.2.0 of the TypeScript SDK, now at ~75% parity with the official @ostium Python SDK adding: balance queries, timeout recovery, collateral management, order & trade tracking, and more subgraph queries.

[JD🕶⚡️ @janndriessen]

docs: https://t.co/kMqbZTNHd6

[JD🕶⚡️ @janndriessen]

It's time to post it again. https://t.co/K0X3OSszBB

[JD🕶⚡️ @janndriessen]

@hypeglobal_ @hyperpc_ @HyperliquidX Any chance to still join? Sent DM.

[JD🕶⚡️ @janndriessen]

@kaledora front-ran this message and sent a DM 4 weeks ago 👀

[JD🕶⚡️ @janndriessen]

Short $COIN

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[sudo rm -rf --no-preserve-root / @pcaversaccio]

cow[.]fi (CoW Swap) UI (and probably DNS) is compromised. do NOT interact!

[Karri Saarinen @karrisaarinen]

I keep thinking I miss having someone like Steve Jobs in the industry.

He had some standards. He cared about quality, coherence, and making great products. He could be ruthless and he had plenty of flaws, but it still felt like he and Apple were trying to make something genuinely great above all else. They had their opinions and you could respect that. They didn't try to force you, but make their case why they think it's good.

Now tech feels driven by trend chasing, fear, scale, revenue comparisons, endless games and everyone talks their book. Investors come first, business goals next, and users last if not at all.

I wish there would still someone like Steve still around