Vanilla Ice Chou 🏝🥃

一位普通的新竹上班族🥃 Buy the dip if you have the chip. ETH Dollar Cost Averaging. Lido🏝 Surfing & dancing keep me alive.

[Vanilla Ice Chou 🏝🥃 @VanillaIce_Chou]

not 1300 this year, but 1700 for three years

[naiive @naiivememe]

People who held Ethereum at $1300 this year

[Ethereum Institutional @ethereuminsti]

Fidelity chose @ethereum to issue its first ever stablecoin.

FIDD, the Fidelity Digital Dollar, is issued by Fidelity Digital Assets, an OCC-chartered national trust bank.

Fidelity at a glance:

→ 50m+ individual investors
→ $17.9 trillion in assets under administration
→ 5.5 million daily average trades

With FIDD, Fidelity is bringing more of the capital markets lifecycle onchain.

Another major FI making Ethereum the default chain in its digital asset strategy.

Live in production on @ethereum and in DeFi on Curve and Uniswap.

[RS @ExtraficalCO]

THROWBACK to when Dylan Harper went ballistic in a must-win Game 3 without Wemby in Portland!

In 30 minutes:
- 27 pts
- 10 rebs
- 3 asts
- 1 stl + 1 blk
- 92.2 TS%
- +25
and 22 SECOND HALF PTS!!!

Clutchest Rookie Ever!!

[Watcher.Guru @WatcherGuru]

JUST IN: Major financial firms including Visa, Mastercard, BlackRock, Coinbase, and American Express to launch joint crypto stablecoin called $OUSD.

[2𝓯𝓸𝓻𝓮𝓿𝓮𝓻 2️⃣💞🤞 @dylharpp]

Rookie Dylan Harper

[THE SHORT BEAR @TheShortBear]

I have never seen so many people capitulating out of $ETH or crypto.

Some are writing blogs and essays explaining why it failed, mainly naming how other chains won the race, measured by fees taken in.

Some of my thoughts, in these hard times:

Time will tell, but I think many people are mistaken in treating $ETH like an end-stage $AMZN, as if the main question is already about mature margins, fees, and cash flows.

In reality, Ethereum is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top right corner and growing at mid double digits to tripple.

Furthermore, most of the market is focused on the wrong battle: who can become the fastest and cheapest payment processor.

Lower fees, higher throughput, faster settlement. But that is likely a race to commoditization, similar to the payment processors crash over the last years.

If the only value proposition is speed and cost, then the moat gets thinner over time, easy disruptable. Someone can always be faster. Someone can always subsidize fees lower. Someone can always optimize one narrow use case.

The real value may not be in the transaction fee itself.

The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it.

That is where Ethereum seems different to me and why so many institutions are choosing $ETH.

Most other projects still feel replaceable. They may have better performance in one area, better UX in another, or lower fees in the short term. But if their advantage is mainly technical efficiency, that advantage can be copied, competed away, or made irrelevant.

The newest hottest thing today is replacing the hottest thing from last quarter.

Ethereum’s bet appears to be much larger: become the most secure, decentralized, credibly neutral settlement layer for the internet economy.

Not the cheapest rail.
The hardest rail to replace.

In the end, the most valuable network may not be the one with the lowest transaction costs. It may be the one people trust most to secure the highest-value assets and applications over the longest period of time.

If $ETH can retain its market share while continuing to scale through upgrades that improve speed, throughput, and fees, its potential remains significant, especially if AI agents become truly crypto-native.

If it combines all of the above and earn the crown as the leading value-secured network, then $ETH could eventually be viewed as something like a truly decentralized, inflation-adjusting global bond: securing the world’s assets, free from political meddling, and deserving of a premium market cap because of the value it protects on top of the deflationary pressures create incentives to stake, get yield and trust the equivalent of buybacks and griwth in value secured to provide additional value.

Keep in mind over 1/3 of $ETH is now staked!

In that scenario, $ETH would not just be another asset to hold. It could become one of the only truly neutral and secure bonds for the digital economy.

... But sure, lets compare it to $SOL with 6% inflation, no moat, no security, massive outages, decreasing validator nodes and alike.

it just all feels like people are getting lost in short term fees and the easiest valuation attempt rather than what $ETH is actually built for, all while its testing its bottom range and players go full portfolio into AI.

[Steve Grasso @grassosteve]

$ETH market cap $256B.
The stablecoins running on it = $322B up 10x in 5 years, headed to $2T by 2030.

The tokenized real world assets settling on it are $65B, which are up 245x since 2020, headed to $10T by 2030.

The infrastructure is worth less than what runs on it.
Also the ETH/BTC ratio is at a 5 year low.

Either the thesis is wrong or the price is. I am betting on the latter.
Any strong opinions out there based on existing/projected data/facts?
$ETH

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: 🇺🇸 Senate Banking Committee PASSES the Clarity Act in 15-9 vote.

The bill now goes to the full Senate.

[Ethereum Daily @ETH_Daily]

🔥 JPMorgan just filed for a new tokenized money market fund that runs directly on the public Ethereum blockchain.

This fund is designed as 100% compliant reserves for stablecoins under the GENIUS Act — using Ethereum for instant peer-to-peer transfers, 24/7 liquidity, and seamless on-chain settlement.

The world’s largest bank is now building real TradFi products natively on Ethereum. Institutional adoption just hit another level.

[Watcher.Guru @WatcherGuru]

JUST IN: JPMorgan to launch tokenized money-market fund on Ethereum.

[Watcher.Guru @WatcherGuru]

JUST IN: BlackRock to launch tokenized money-market funds on Ethereum.

[蓝狐 @lanhubiji]

链上黄金目前主要是 PAXG 和 XAUT 这两个实体黄金背书的代币，是目前资产代币化发展最好的部分（稳定币除外），也是以太坊上持有者最广泛的代币化资产。目前总市值大约在40-60亿美元左右。

在以太坊上，按持有者数量排序，PAXG（Pax Gold）约 9 万持有者；XAUT（Tether Gold）约 4 万持有者，远超其他代币化资产（如某些国债代币等，大多低于 2 万持有者）。（Token Terminal2026年4月数据）

目前链上黄金以太坊上为主，链上黄金不单单是“数字金条”，还可以在以太坊 DeFi 中当抵押品（Aave等协议）、在 Uniswap 等 DEX 上交易、提供流动性。

持有者可以在24/7 随时转移、借贷、赚取收益，这在其他链上流动性远不如以太坊深。机构和散户更愿意把黄金放在“流动性最强、组合性最好”的链上。

如果未来链上承载10% 的黄金 ，按照目前价值就有1.4–1.6 万亿美元，考虑到未来价值还会提升，保守估计也会有数万亿美元规模，这么看来，以太坊未来要承载的资产代币化，光黄金的规模就不小。

[蓝狐 @lanhubiji]

这算是 DeFi 的一个重要事件，对以太坊和 DeFi 前端来说，是一个大的利好。

SEC正式表态：符合条件的 DeFi 前端界面，不用注册成“券商经纪人”（broker-dealer）了！

也就是说，Uniswap 的网页界面、MetaMask 的 Swap 功能、各种 DEX 聚合器（比如 1inch、CowSwap 之类的）……这些可以获得 staff 不反对的豁免，不用担心被要求注册“券商经纪人”角色。

不过也有前提：

• 不能碰用户的钱（钱必须一直在用户自己钱包里，前端不托管）

• 不能给人投资建议或交易推荐

• 不能收订单流付费、不能影响或评论执行路径、不能有基于特定对手或路径的激励、费用必须固定且透明、不能进行订单路由（order routing）等。如果前端开始加 AI 推荐、自动交易、托管等功能，就可能不再符合条件。

总结：

DeFi 前端拿到了“豁免卡”，可以在美国用户面前跑了，算是监管清晰化利好。

不过也要注意： 这个指导只管前端界面，不管实际交易执行，也不包括协议后端、智能合约、流动性提供者等。而且这是 staff statement，有效期 5 年，之后可能需要重审。

不管如何，向前迈出了一大步。

[needyz @niniz722]

BUNNIES....
NEWJEANS!
KIM MINJI!
PHAM HANNI!
MO DANI!

IT'S SUPERNATURAAAAAL
(SUPERNATURAL)

KANG HAERIN!
LEE HYEIN!
BUNNIES!
YEONGWONHI!

[Etherealize @Etherealize_io]

On Monday in NYC:

Etherealize will join 150+ executives from major US institutions at the Institutional Ethereum Forum, hosted by @ethereumfndn.

$250+ trillion in assets represented in one room to discuss Ethereum's role as infrastructure for the future of finance.

[Ethereum Foundation @ethereumfndn]

Today, the Foundation’s Board released the EF Mandate.

This document, which was first intended for EF members, reaffirms the promise of Ethereum, and the role of EF within this ecosystem.

[蓝狐 @lanhubiji]

美国SEC+ CFTC今天联合甩出一个超级重量级文件，终于给加密资产进行明确分类。

这算是近期加密行业最重大的事件之一。

这份文件明确了什么加密代币是“证券”（要严管）；什么不是证券（像普通商品一样自由）。

之前Gensler做SEC主席时，喜欢搞模糊战，只起诉不给明确规则，整个行业灰头土脸。

现在Atkins时代，这份文件把加密资产分成5大类：

1. 数字商品（Digital Commodities）

BTC、ETH、SOL、XRP、ADA、DOGE、SHIB、AVAX、LINK 等包括在内，文件第14页直接列名单。

就像黄金、白银一样，归CFTC管，

2. 数字收藏品

NFT、meme币、游戏道具、艺术品代币等大部分不算证券。

3. 数字工具

ENS域名、会员卡、凭证这类实用东西 ，也不算是证券。

4. 稳定币

合规支付用的稳定币不算证券，其他看情况。

5. 数字证券

把传统股票、债券做成代币的 → 永远是证券，继续监管。

6.额外“大福利”

挖矿、质押（staking）、空投、包装BTC（wrapped BTC，都不算发行证券。

以后美国人也能正常领空投了，不用再搞“地域屏蔽”保护自己。

一句话总结

这份文件给整个加密行业发了官方身份证。

把模糊地带干掉，给开发者、交易所、机构资金一条明路。

https://t.co/8ka1itX6CA

[Etherealize @Etherealize_io]

Vitalik Buterin explains why proof-of-stake is more secure than proof-of-work

“I think proof of stake is very secure because to attack the system, you need to have basically as much stake as the rest of the network. Right now, for example, we have 5 million ETH staking, which means you have to come up with 5 million ETH and then join the network.”

At the time of this writing, more than 37 million ETH are being staked, with 3 million ETH waiting to join via the validator queue. At today’s prices, that’s more than $80 billion of ETH someone would have to acquire to attack the network and revert finalized blocks, which is more than the cost of attacking even the Bitcoin network by some estimates.

The other defense mechanism that proof-of-stake has that proof-of-work doesn’t is slashing, which makes Ethereum antifragile. Vitalik explains:

“Recovering from attacks is much easier in proof-of-stake than proof-of-work. For many kinds of attacks you do against [the Ethereum] network, we have this concept of automatic slashing. In order to revert a finalized block, you basically have to have a big portion of your validators sign two conflicting messages. This is something where once these messages are on the network, you can go and prove ‘these people did it.’ So we have this feature in the protocol where you basically take all these people who provably misbehaved and you burn their coins.”

Vitalik also acknowledges the possibility of censoring attacks, where if 1/3rd of validators refuse to attest, the chain can’t finalize. But, as he explains, Ethereum has a contingency plan for this as well:

“Everyone who got censored would create a minority chain, and the community would have to do a soft fork. The would have to say, ‘this chain is clearly attacking us and this one is not attacking us, so we’re going to join this chain.’ Then what happens is, on that new chain, the attackers also lose a lot of coins. The difference between proof-of-stake and proof-of-work is that in a proof-of-stake system, you can identify specific participants — and this isn’t a human going in and saying ‘I don’t like you’. It’s all automated.”

One last benefit of proof-of-stake is that security scales with the value of the network. As Vitalik put it five years ago, it is really relative security, and not absolute security, that matters:

“The security needs of a thing have to be proportional to the size of that thing, because as a thing gets bigger, its enemies become bigger and more well-motivated. If BTC were 100x as big as it is today, the value from destroying it would be 100x higher, and the kinds of actors that would want to care about destroying it would be much bigger and scarier. This is also why countries of all sizes have roughly similarly sized militaries as a percentage of GDP. Hence, cost of attack divided by market cap really is the correct statistic to measure, and in the long run issuance-free PoW really does look not that good."

Source: @lexfridman (Jun 2021)

[Etherealize @Etherealize_io]

Etherealize CEO Vivek Raman: Banks are looking at Larry Fink and Ethereum

“It’s impossible not to be bullish now. […] The [Ethereum] network has never been stronger, more resilient, or future-proofed to scale with Layer 2s plugged in and ready for the institutional moment right now. Asset price will follow.”

“[BlackRock CEO] Larry Fink is a pioneer in the space. He has been a visionary, and his voice is heard and listened to by everyone else on Wall Street. The banks are looking at him. The asset managers are looking at him. He’s one of the leaders that’s digital assets-forward, and when he tokenized BUIDL — their money market fund — on Ethereum before there was regulatory clarity and before we got out of the Gensler SEC, that set the standard for Ethereum to be the default.”

“Ever since then, the money in money market funds on Ethereum has multiplied. Stablecoins on Ethereum have multiplied. And now Larry Fink is coming in and saying, ‘We need one common blockchain’ so that we don’t have fragmentation and all tokenized assets can be in one place. That means Ethereum — it’s the best set up for it.”

Source: @therollupco (Mar 2026)

[Lido @LidoFinance]

DeFi, simplified.

Introducing two new vaults: EarnETH & EarnUSD

One vault for ETH-based capital. One for stablecoins.

Now live on https://t.co/F7JRWtm1Bq

↓

[PoppyKPoppie @PoppyKPoppie]

irreplaceable...
https://t.co/iVgiZamV1e