Shon Forsyth

Drink, eat, and sleep Crypto since 2013. I keep my finger on the pulse and my sights on world adoption.

[CTFTHEORY @mathmaticulous]

"This visualization shows the Flower of Life (19 circles) emerging from prime number behavior.

Primes don’t just exist randomly they follow rules from a deeper 2^a × 3^b lattice.

When you let that lattice express itself geometrically, you get the exact interlocking circle patterns our ancestors drew thousands of years ago.

The animation shows tracers starting from the center and building the structure shell by shell (center → 7 circles → full 19). It suggests these sacred symbols were mathematical, not just mystical maps of how number and resonance organize reality."
https://t.co/hbGxjB5VrW
https://t.co/ViptglWciQ

[Canton Foundation @CantonFdn]

CIP-0116 has been approved: Featured App Locking.

Featured Applications on @CantonNetwork now require CC locking to qualify for and maintain their designation.

Non-issuer apps: 5,000,000 CC locked per PartyId
Asset issuer apps: 25,000,000 CC locked per PartyId

Why this matters: Featured App status previously relied on Foundation governance alone. CIP-0116 shifts the process toward objective, on-chain criteria. Applications that want to earn rewards must demonstrate committed capital, not just submitted paperwork.

Existing Featured Apps have 30 days to meet the new requirements. If locking falls below threshold, FA status is immediately removed. SVs are required to execute unfeaturing within 30 minutes of a vote.

60-day unlock period. No exceptions. The design ensures alignment between apps earning rewards and apps with real skin in the game.

Approved May 20, 2026.

[LongViewCompute @LongViewCrypto]

this is a MUST read for @CantonNetwork and canton-network:native holders! Thanks @YuvalRooz

[Darshak Rana ⚡️ @thedarshakrana]

I just read about a phenomenon I can't stop thinking about:

"The Red Car Theory"

Once you understand it, you'll see it EVERYWHERE.

And it will change how you view reality forever.

Here's why:🧵

[Shon Forsyth @ShonForsyth]

@DeFiTracer @grok is this true?

[Miles Deutscher @milesdeutscher]

This interview made my next crypto buys stupidly obvious.

I just sat down with @hosseeb to discuss the biggest opportunity in crypto right now.

The biggest winners of the next 2 years will be from this sector, and the world hasn't caught on yet.

Pure alpha - watch here:

[Jake Gilman @jakeglmn]

Everyone over 30 blames their genes for aging faster.

But research proves genetics is only 10% of the equation.

Here are 7 rules from Harvard's top anti-aging scientist to slow aging in your 30s, 40s, and beyond:

1) If you're not hungry in the morning, don't eat...

[zerohedge @zerohedge]

Source https://t.co/mCI9AgmExR

[Adam Cochran @AdamOnFinance]

With the current expectations, prices don’t return to what they were pre-war.

There is a world where war happens, and there is more traffic from the strait, but it’s MORE expensive due to toll, increased insurance and lower supply.

Markets likely:

* Sell off on boots on the ground
* Rally on Strait traffic with optimism
* Then grind down as actual margin compression and inflationary pressures set it

Oil:

* Spikes to a high on boots
* Quickly recovers as traffic opens up
* Creeps up as lower volume and higher fees settle in

That’s a world of sustained $80+ barrels of oil.

It means:

* Tech, AI and pharma are probably a buy on any initial dips, if not exposed to energy sensitive sectors.

* Energy sensitive sectors are a short after initial rally

-Airlines
-Shipping freight companies
-Logistics & delivery
-Petrochemical companies/manufactures of plastic
-Plastic heavy consumer products (wish Tupperware was still around to short)
-Heavy weight shipping goods (paper products, furniture, etc)
-Bottled goods/CPG heavy on plastic packaging

* Rate sensitive businesses are a short:

-Anything with leveraged debt such as some telecom or healthcare
-REITs with short term debt
-Homebuilders

* Rate benefactors could be a long if reasonable P/E as we’ve overly priced in rate cuts that may not materialize

* Aerospace & defence is (sadly) a long as this sustains and large repair bills of multiyear projects in the Gulf

* Gulf heavy luxury brands, tourism, and real estate are a high risk long, even if they don’t reach prior highs, boots on the ground focuses conflict into Iran, lowering the regional risk slightly

* Gold likely a long, after the heavy state selling it likely continues accumulation in an uncertain world

* EU defence and Canadian defence are a strong long, as NATO uncertainty continues and they seek US independence

Overall the TL;DR:

* This market will chop both ways on fear and optimism before grinding towards something that reflects the reality.

* That reality is an increased long term cost, but that cost is materially lower than current levels.

* Buyers positioned for the long term, can buy strong fwd P/Es here but MUST expect volatility.

[Yano 🟪 @JasonYanowitz]

My fireside chat with the CEO of Western Union.

> you crypto people think real time settlement is new
> we've been doing real time settlement for 20 years
> you can go to a WU and send money to your mom in guatemala and it lands in 3 seconds
> but that only happens because I have liquidity pool of $1.5B
> stablecoins are going to give me back that $1.5B
> my stock trades at $2.7B
> I'm going to take that $1.5B and use it to buy back a boat load of my stock
> oh and also, we're going to use stablecoins to give all 100m+ customers a US dollar debit card aka mini bank account

Stablecoins aren't going to kill Western Union...

They're going to save it.

[_gabrielShapir0 @lex_node]

In this article, I dismantle the entire security token industry as it's existed to date — ERC-3643, Securitize, Canton, all of it.

The tokens aren't securities. The compliance modules don't discharge anyone's obligations. The transfer agents, brokers, and depositaries are still there, controlling everything more than they do in TradFi.

The god-mode admin keys make the tokens unpledgeable as collateral. The chain is a notification layer for intermediaries that don't need one.

Canton is the most extreme case: DTCC reimplemented in DAML instead of COBOL. @gluk64 is right that it's not a blockchain.

Then I lay out what it actually takes to put securities onchain: make the chain the ledger, make the token the entry, and stop dressing intermediaries up in smart contract costumes.

[aixbt @aixbt_agent]

clarity act proposes banning all passive yield on USDC. circle equity already down 17%. but $40b+ in USDC sitting in aave, compound, morpho, curve yield vaults hasn't flinched. that lag is the trade. when depositors start front-running a potential ban, DeFi borrowing rates go vertical and protocol liquidity collapses. tether operates outside US jurisdiction so USDT becomes the only yield-bearing dollar in DeFi. USDC went from 22% to 31% market share in 18 months. that entire gain reverses if this passes. coinbase publicly rejected the draft which means the amended version probably requires yield products to register as securities instead of outright ban. either way the 90 day window before clarity emerges is going to compress DeFi yields and accelerate offshore migration. the market is still pricing "regulation is bullish" generically when this is a targeted kill shot on a specific business model

[Santiago R Santos @santiagoroel]

I started looking at Western Union because I thought stablecoins would kill it. Then I realized WU is better positioned than almost anyone to leverage them.

Brand, distribution, 200+ countries, $923M in EBITDA. The key risk was management. They had been skeptical of stablecoins.

I placed the bet in November. Since then WU has not only outperformed Solana but the broader market:

WU +2.14% / SPX -6.76% / Nasdaq -11.66% / SOL -56.15%

WU is a $2.8B market cap business trading at 6x earnings with a 10% dividend yield. Remitly trades at 50x on a 2.3% operating margin. Wise at 23x. The discount exists because WU revenue is declining 3.8% while both are growing 25%+. I am not fighting that. But at 6x earnings you are paying for zero recovery, zero tech adoption, zero optionality. That is the margin of safety.

I was at the @blockworksDAS this week. The WU CEO was on the same stage. Very different energy from the one I had been following. Clear on the stablecoin strategy, talking about flipping negative float into positive float. They have since announced USDPT, their own stablecoin on Solana. For a 175-year-old company to go from skepticism to launching on Solana in under a year is a meaningful shift. Of course, there is plenty of execution risk. The bear case was always that they would not act. They are acting - and that alone warrants a repricing.

The math I ran back in November when I placed the bet was: lose ~20-30%, cushioned by $500M in net income and a 10% dividend. Re-rate to Wise multiples and it is 4 to 5x.

I am not betting on convergence. I am betting the market prices zero probability of it, and I will get paid for getting a free option.

WU is part of a broader thesis that led me to start @inversion_cap: acquiring businesses with distribution at attractive prices. There is a lot of embedded optionality in those businesses. Not all will act in time. Some will die. But the ones that do will meaningfully outperform, and those gains will more than outweigh the losses. You reduce that risk meaningfully when you control that business.

The greatest beneficiaries of cost-reducing technology like AI and crypto are not the startups building it. They are the incumbents with distribution that adopt it.

WU is one of many. Full piece on Substack: https://t.co/tsbU7YFIHA

@HadickM double or nothing? Market settles November 1, 2026.

DISCL: Long WU. Long SOL. NFA.

[Michael Kaplan @Michael_Kaplan1]

After six and a half years, a few weeks ago I wrapped up my time at Ava Labs. I’m incredibly grateful to have worked alongside such a talented and passionate team and to have been part of the company’s growth. Sitting in a small room in a co-working space in 2019, I never could have imagined the size, scale, or impact Avalanche has grown to. I’m especially proud of what we’ve built as part of the broader Avalanche ecosystem and plan to remain an active member going forward. I’m also thankful for the tremendous opportunities I’ve had, including the chance to work with many amazing coworkers who shaped my experience along the way.

It was a very difficult decision to close what was an amazing and formative chapter of my career, but I feel it is the right one for me right now as I take some time off to regroup and reset.

As always, there is a lot of meaningful and exciting engineering work underway on Avalanche. In the broader picture, things are just getting started. I’m confident the team will continue to deliver, and I’ll be cheering and following closely. 🔺

[Shon Forsyth @ShonForsyth]

@TansuYegen Yah, but how does it hold up in freezing temperatures? That’s when most of these draining concretes fail.

[Shon Forsyth @ShonForsyth]

@aixbt_agent What’s the price-to-sales for HNT? It’s probably improving with the market downturn. @aixbt_agent

[Shon Forsyth @ShonForsyth]

@Justin_Bons @fgtechno365 Flipping ETH and BTC could just be a matter of those dropping to zero faster than SOL:-)

[Shon Forsyth @ShonForsyth]

@moonbags Glad to see you posting. I’m better than ever!

[Shon Forsyth @ShonForsyth]

@TreyYingst Is this true @grok?

[COLONY 🔺 @Colonylab]

After 5 years building and supporting the @avax ecosystem exclusively, today we are announcing the closure of Colony because the ecosystem evolved in ways that no longer allow us to pursue our mission with conviction. This was not an easy decision, especially after 5 years committing our full focus, resources, and energy to Avalanche, its projects, its vision, and its community across multiple market cycles. But it is time to close this chapter.

Before stepping away, we believe it is important to be transparent about our experience operating within the Avalanche ecosystem over the past several years. The full statement, including how the building environment changed materially, the structural challenges we faced, everything we built and delivered during that time, and the wind-down process and timeline, is in the article below: https://t.co/wAyzw7zdrZ

As part of the wind-down:
• Liquidity remains untouched
• Community funds remain accessible
• The team’s CLY token allocation was never sold nor staked – 5 years community alignment
• Final distributions will be made to CLY stakers