Jonathan Keim 🛡️

Stay curious 🤔 Test methodically ⚖️ Execute 100% 🎯

#Finance #Technology

[Jonathan Keim 🛡️ @KeimJM]

🚨 Regulatory Shift: From Uncertainty to Action 🚨

"Six months ago, regulation was crypto’s biggest challenge. Today, it's a different story."

John D’Agostino of @CoinbaseInsto breaks down the seismic shift in Washington:

✅ FDIC Chair: "Debanking law-abiding customers is unacceptable."
✅ Fed Chair Powell: "Bank regulation shouldn’t be causing businesses to lose accounts."
✅ Sen. Lummis: "Anyone at the FDIC destroying evidence will be prosecuted."

Watch as the tone from the top changes everything. 🎥👇 (and see thread below for other key segments)

[Jonathan Keim 🛡️ @KeimJM]

@LarkDavis 100%

Once I tried to keep it from happening, but my friend simply said he had to put enough in so it would be worth it.

When things doubled, he was all excited. But when things turn the other way, he paper-handed the Bitcoin.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.

Details include:

1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets

2. These tokenized assets would be tradeable on decentralized crypto platforms

3. The move could "reshape the landscape of the American stock market"

4. This would also be one of the US' biggest shifts into crypto infrastructure yet

Tokenized assets are rapidly expanding.

[Lark Davis @LarkDavis]

The Bitcoin network has processed trillions of dollars in transactions.

It has never been successfully hacked.
It has never had unscheduled downtime.
It has never required a bailout.
It has never changed the rules mid-game.

Name one bank, exchange, or financial institution that can say the same.

Reliability over decades is the most credible form of trust that exists.

[Marino @marinonchain]

Solana in 2021 vs 2026 is wildddd.

Almost impossible to grasp how much has been shipped 🚢

You only realize it when you see it side by side 👇

✅ 2021
→ Trading monkey JPEGs
→ Grinding whitelists
→ Thinking NFT projects would be the next Apple

✅ 2026
→ Tokenized stocks & ETFs
→ Pre-IPO shares
→ Commodities
→ Gold & precious metals
→ US Treasuries & T-bills
→ Cross-chain assets
→ Institutional payment rails
→ Money market funds
→ Private & corporate credit
→ Real estate
→ Fine art & collectibles
→ Wine & spirits

The future of finance is officially being built on @solana

[Miles Deutscher @milesdeutscher]

AI will literally never replace you if you do these things:

• Ask better questions than everyone else
• Solve real problems
• Stay curious
• Learn to sell
• Develop taste
• Learn storytelling
• Build distribution
• Build a reputation that precedes you
• Take calculated risks
• Move fast (speed/agency is the new moat)
• Build real relationships + network

Stack as many of these traits/skills as possible over the next ~12 months.

[Jonathan Keim 🛡️ @KeimJM]

@SuhailKakar Based on this list, my friends are lucky to have me! 😄

[Tim Denning @Tim_Denning]

Do what you love but learn sales and marketing so you don’t starve.

[Jonathan Keim 🛡️ @KeimJM]

The 3-month candlestick chart on $GOLD now looks more like a #memecoin than a store of value.

[vibhu @vibhu]

Nobody will go public in 10 years. They will just launch a token.

Finance is meeting the direct-to-consumer revolution that happened in every other category, just 15 years late.

I had the privilege of observing this and building towards this in my career across gaming, media, and retail.

We are evolving from financial brokers & analysts to tools & platforms. Software coordination > human coordination.

Every part of the DTC stack becomes more competitive, more specialized, and ultimately, better for buyers and issuers.

It's extremely obvious that this is the future, and that Solana will provide the defacto issuance, programmability, and execution infrastructure.

Trillions.

[Mason Nystrom @masonnystrom]

Seeing more and more pessimism around crypto and the societal value, or lack-thereof, that it brings to the world. I think this perception is misguided.

Of course, there's speculation and degeneracy. The crypto casino is real, large, and many people lose at the tables. But there's a ton of positive societal value that just gets overlooked.

Bitcoin has become a global, non-sovereign asset that anyone in the world can own with an internet connection. It gives an veto/opt out mechanism to the global population that pushes economic control away from nation states and into the hands of the individual.

Stablecoins provide better financial security to people around the world, improve people's lives with faster money, higher yield, and cheaper transactions. Banks literally don't provide yield on your assets. That's changing because of stablecoins. Remittance companies take large % of flows that doesn't go to end users. That's changing because of stablecoins. A 2.9% fee for any ecommerce transaction will seem criminal in 5 years. These are all massive benefits to society enabled by crypto because of stablecoins.

Lending platforms like Aave and Morpho provide the ability for anyone in the world to obtain an over-collateralized loan. Undercollateralized lending markets will further unlock a massive benefit to society reducing the cost of capital and creating huge positive externalities.

Blockchains will give global access to financial products (e.g. stocks, bonds, insurance, credit) where it has historically been limited.

Permissionless capital formation allows any idea to get funded based on it's merits.

Creating better markets is EV positive for society, especially when those markets remove adversarial middlemen or reduces costs for end users.

Most impactful technologies have positive and negative use cases.
- Social media is widely empowering, but hijack our attention and perception of things.
- Smart phones give humans super powers, but also act as an anchor.
- New entertainment mediums – radio, TV, streaming – provide greater sharing of information, but reduced physical interaction and increased sedentary lifestyles.
- AI improves productivity, but provides slop that now makes use question what's real.
- Crypto provides a new financial system, but also entices speculative behavior and degeneracy.

Crypto is building a new financial system that lets people build what they want. Some people will build casinos, others new payment mechanisms. Some will build perps platforms, others will build ways to enable broader access to consumer credit. The new financial system won't be perfect, but it will be vastly better than the status quo.

If you only see crypto for the casino, it's probably worth stepping back from the table and zooming out to see all the benefits that crypto has and will bring to society.

[Anthony Pompliano 🌪 @APompliano]

Stablecoins are a trojan horse to pull the legacy financial system on-chain.

[Jonathan Keim 🛡️ @KeimJM]

If you asked someone in business or marketing whether or not we have seen a recession in economic activity, most would quickly say “yes.”

It’s been a strange mix: stock indexes at record highs, interest rates still elevated, and many sectors felt like they were against the wall.

Bloomberg’s Chief Economist Anna Wong recently noted the U.S. economy may have quietly slipped into recession, bottoming in early 2025 (remember the 21% sell-off in April?). The latest @MilkRoadMacro newsletter edition makes a strong case that we could already be in the early phase of a new multi-year cycle. It's the most interesting thing I've read in awhile.

Meanwhile, Goldman Sachs just reported its busiest IPO week since July 2021 (an early-cycle signal). Looks like exciting times ahead! The recent downturn simply didn’t look like the recessions of the past that typically precede a new bull market.

[Leila Hormozi @LeilaHormozi]

The most successful people I know never chase money.

They chase being useful.

Money is a byproduct of value creation.

[Jonathan Keim 🛡️ @KeimJM]

@PlayPudgyParty 🐧

[Jonathan Keim 🛡️ @KeimJM]

@ElephantsRune That's super rough :-(

We have all suffered major losses in life - many of which are undeserved, but the ones that are deserved also hurt quite a bit. They are never fun. I'm sure you will find a way to rise again and achieve even more success than ever before.

[Jonathan Keim 🛡️ @KeimJM]

@rektguyNFT Of course, their success and potential is rapidly growing, and I’m very excited about where this can go long-term. If the team keeps proving strong demand without relying on rewards (while expanding into broader markets), $REKT could become one of the biggest stories in crypto.

[Jonathan Keim 🛡️ @KeimJM]

While I do question the current valuation of $REKT based on current success/potential (and took out enough gains to cover my @rektguyNFT purchases), using products/services to fund the core team's involvement while simultaneously increasing NFT/meme visibility is brilliant!

[OSF @osf_rekt]

i feel like the majority of those who fade $REKT fade it because they are viewing it like they view any other crypto token.

and i think that is an incorrect way to look at it.

my view has always been that the power of web3 allows you to build IP + community in a very accelerated fashion.

it's then up to the founding team to steer that value in a path that makes it mainstream and bigger beyond web3, but most importantly generates revenues in a traditional product outside of crypto.

many past NFT projects have failed to convert the initial IP creation because revenue models depended on selling more NFTs/royalties which is clearly not sustainable within a singular ecosystem.

needless to say luca + pudgy penguins is a stellar example of how IP can be proliferated and how a business model can be diversified beyond just crypto.

right now we are in the stage of being able to sell a large amount of drinks very quickly due to crypto rewards; but with each successful drop, the brand and IP of rekt grows. when you start hearing people talking about simply wanting to buy drinks and not caring or knowing about rewards, that's when you know there is an actual belief in the brand or the product.

for us, we have received a lot of incoming on the traditional side. 9 months ago none of the trad guys wanted to speak to us as soon as we mentioned crypto, but after recent regulatory changes in the US the same people are calling us back.

the base drop selling out in 1 minute without any rewards is a mini proof of concept and a sign of what the brand value of rekt has now become (indeed, you can just look at the growth in the market cap of the token as a proxy for that value).

it makes things extremely exciting for us - we have a lot more things planned and coming across the board but my ultimate goal, as i've always said, is not to compete with other coins...it's to compete with the biggest drinks companies out there.

if we can start making a dent on market share, scale to 8-9 figure revenues, then things start getting really exciting -- what does that look like? it means being stocked in places where most people shop rather than solely just our website.

that being said, i really do believe we are going to hit 1 million drinks sold in our first 12 months of operations, not done since red bull in the 90s, and what's noteworthy is this number will be hit as a result of JUST d2c sales from our website.

in the expansion phase all of this will change, but man we really do have an unbelievable foundation to build from.

so yeh, i think to look at $REKT correctly, you need to not just look at the coin, but look at what the brand and company itself has going for it, and we will have more announcements in coming weeks and months that i strongly believe will make the doubters truly understand the potential.

cheers.

[Jonathan Keim 🛡️ @KeimJM]

@MagicEden Awesome!

[Jonathan Keim 🛡️ @KeimJM]

100%

Tweet from awhile ago: https://t.co/TOq6TsvuNw

The green lines are to show the moment the fed started cutting interest rates (as it can be hard to correlate the orange interest rate line with the blue S&P 500 line).

[Zer0 🕊️ @degengambleh]

Unpopular opinion:

Rate cuts will mark the top

[Jonathan Keim 🛡️ @KeimJM]

"Costs currently sit at around $1 trillion per year, up from $300 billion in 2021." - @MilkRoadMacro

The best charts of the week usually come from this newsletter. They really help put things in perspective quickly.