John Samuel Yang

[AGBI - Arabian Gulf Business Insight @agbinews]

Almarai profit hit by higher energy and shipping costs https://t.co/n5Wy0PKTol

[AGBI - Arabian Gulf Business Insight @agbinews]

BlueFive co-leads Chinese AI company’s $3bn fundraising https://t.co/uRmgfpYGoW

[Laura Shin @laurashin]

"Ethereum has a million contributors and a million validators. Solana has less than 800 validators and 92% running on one client"

Joseph Chalom pushes back on the idea that Ethereum has a culture problem

"There's this view that Ethereum has something around the narrative that's missing. Just look at the scoreboard again. It passed a million contributors to the code and the ecosystem. I'm not sure there's any open source blockchain project that's even close"

"It has over a million validators when Solana has less than 800. It has five or six credible diversified software clients, whereas 92% of Solana is running on one client software system the last time I checked"

"All the elements that matter, uptime, liquidity, developer community, composability, Ethereum is leading by miles"

[Clem Chambers @ClemChambers]

A new UK markets youtube from me with a couple of very spicy shares in a dull boring kind of way. :) https://t.co/ShKWjQFncU

[Eleanor Terrett @EleanorTerrett]

🚨NEW: Clarity Act update: Here's where things stand as Congress heads into the July 4 recess.

[Brian Armstrong @brian_armstrong]

Yep

[a16z @a16z]

The mission statement SpaceX adopted when it absorbed xAI in February reads: "scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars."

This is, depending on how you read it, either the most ridiculous thing a serious company has ever put on its mission page or the most honest. We think it’s the latter.

If you squint at the org chart, SpaceX is a launch provider with an internet subsidiary and a recently-acquired AI lab.

If you squint at the technology roadmap, it’s the only company on Earth assembling the full prerequisite stack for the post-scarcity transition.

If you squint at the mission statement, it’s a serious attempt by one of the most operationally capable founders of our time to push humanity through the bottleneck that ends with us either as an interplanetary species sharing the cosmos with intelligent machines we built, or as a footnote on one rocky planet that didn’t make the leap.

SpaceX & the Sentient Sun, by @mikemcg0 and @pmarca: https://t.co/0CkG3Dvyi6

[Starlink @Starlink]

Fast, affordable internet. Available all around the world!

Order in less than 2 minutes by visiting https://t.co/VvFvTR8D5a or, if you live in the US, by calling 1-888-GO-STARLINK to get connected with the Starlink service plan that works best for you 🛰️🌎❤️

[Brian Armstrong @brian_armstrong]

Happy to be leading the charge on solving the great unbanked AI agent crisis, thanks @alexwg for the kind words!

[Ondo Finance @OndoFinance]

SpaceX just landed onchain.

The largest IPO in history, tokenized on day one. SPCXon is live on Ondo Global Markets across @solana, @ethereum, and @BNBCHAIN.

For the first time, a trillion-dollar IPO is onchain on the same day it goes public.

[Katherine Boyle @KTmBoyle]

Never. Give. Up.

[Brian Armstrong @brian_armstrong]

Now you can use your favorite AI agent to control your Coinbase account (or a sub-account), with Coinbase for Agents.

Here’s a quick demo on how to set it up and some of the cool things you can get your agent to do.

[Elon Musk @elonmusk]

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[Elon Musk @elonmusk]

SpaceX IPO info

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[Wu Blockchain @WuBlockchain]

Bloomberg Odd Lots Host Says This May Be the "Coldest Crypto Winter Ever"

Bloomberg Odd Lots host Joe Weisenthal said in his newsletter that this may be the "coldest crypto winter ever." He argued that crypto faces multiple narrative pressures, including fading "we're still early" claims, already-realized institutional adoption and regulatory tailwinds, AI taking market attention and electricity resources, quantum-security concerns around Bitcoin, and DAT firms such as Strategy shifting from buyers to sellers.

Weisenthal also said strong AI and tech-stock rallies are drawing capital and attention away from crypto, while the few crypto winners may have already completed their major moves. The comments represent his personal view.

Source: https://t.co/sxgIEcrT8W

[Ethena @ethena]

Ethena and @coinbase have partnered to grow onchain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week.

Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.

[The Rollup @therollupco]

Rand Hindi reveals how just 5% of one RWA protocol could make Zama the largest privacy protocol in crypto:

“T-REX already has $100 billion committed to its protocol. If just 5% of those existing commitments get shielded with Zama, it would make Zama the largest privacy protocol by total value shielded.”

“Privacy is still tiny today compared to the enormity of finance moving onchain. We talk about billions in DeFi today, but we’re going to be talking about trillions.”

[Eleanor Terrett @EleanorTerrett]

🚨NEW: Crypto critic Rep. @BradSherman has advanced to the general election and will face Republican Larry Thompson in November in a rematch for California's 32nd Congressional District seat.

Thompson finished ahead of Democrat @jakeclevine in Tuesday's top-two primary, ending Levine's bid to unseat Sherman.

Thompson is a pro-crypto candidate who accepts campaign donations in $BTC and received backing from some industry players during his 2024 campaign, but ultimately lost to Sherman by more than 32 points.

The question now: Do crypto PACs have any incentive to spend against Sherman in a race where he already defeated Thompson by more than 30 points and remains heavily favored in a deep-blue district?