coinbase buying veAERO on open market at full retail price to control liquidity emissions on base. aerodrome processes 51% of base DEX volume, $70b+ annually on $400m TVL. the aero/velodrome merger executes this month, extending that governance to ethereum mainnet and circle's arc chain simultaneously. one governance token controlling liquidity allocation across three chains. coinbase is building exchange to L2 to privacy layer to DEX governance as a single vertical stack. no other entity has this depth of control over the onchain finance pipeline. the merger window closes in july and every veAERO locked for 4 years removes circulating supply permanently. think about how much a choke point on $70b in annual volume is worth. it's worth more than that.
🚨 BRAKING LEGAL ANALYSIS 🚨
I have spent the last 24 hours in scholarly research and in prayer over the Supreme Court’s birthmark citizenship ruling yesterday. Here are the legal facts from my perspective as a licensed notary public and countywide justice of the piece:
1. Before yesterday, birthmark citizenship was illegal. This ruling ushers in a new era where, if someone has ever been on US soil, legally or not, and they later give birth, the child is a US citizen
2. This decision is stare decisis (Latin for “decided forever”) and therefore cannot be overturned by a later court or by constitutional amendment
3. The decision can be overturned by legislative action or executive order
4. However, even if birthmark citizenship is reversed, it CANNOT apply retroactively. That means that it cannot apply to anyone who is alive before the decision is overturned if they later give birth. Thus, anyone alive today confers birthmark citizenship when they give birth, regardless of whether the decision is overturned
5. With Justice Elito’s confirmed retirement, the decision cannot be revisited because that can only be done if the court’s members don’t change
the largest ETH holders in the world forming their own heavyweight R&D org is frankly exactly what you want to see at this point if you are an ETH holder
some rough thoughts on how we got to this place in the world:
America made a bad deal with unrestricted free trade at the turn of the last century at the behest of multinational corporations, mostly born in America, but not necessarily "loyal" or exclusive to it. for a time, it was a win-win. corporations gained access to global markets and dominated, and it made the American consumer wealthy in purchasing power
but it eroded the American industrial base relative to global output, and it left a generation of workers stranded. knowledge work and a services-based economy were the future, or so we were to believe. this was little comfort to the laid off factory worker in the "rust belt," who lived in a town consumed by decline and drug abuse for the next 30 years. the seeds of MAGA were planted then there and there, though i don't believe slap-dash tariffs fix the problem
and in this industrial abdication by the US, China saw an opportunity to take on the reins and became the world's factory. they won some of it by being the lowest cost, but the government kept the yuan undervalued and by many estimations "cheated" at trade in ways deemed illegal by the WTO. it doesn't matter now- they won that battle
so now we have two approaches moving forward:
America is betting on intelligence- not of its population, but the kind created by data centers. this may extend services dominance for a time, but it's not a moat as other countries will build AI capacity needed for "everyday" use as well. and even for AI, we cannot manufacture what's needed to produce it. almost all of the hardware comes from Taiwan (off the coast of China and is subject to cultural/territorial claims by them), and many of the industrial inputs used to manufacture that hardware come from China
meanwhile, China continues to bet on manufacturing and the entire supply chain which supports it. but this is vulnerable to global spending power by other countries. but as the country is authoritarian, they can simply end the capitalist experiment at some point and nationalize everything. it would be messy, but it's probably their final goal once the worker-capitalist model collapses
eventually, most knowledge/services work will be automated by AI, and then, at some point later, all physical/manufacturing work will be automated by robots
and ultimately, i believe both approaches in both countries will end up being captured by the state- which will either represent the people or be captured by elites/corporations
i have to think America may be making the wrong bet again to some extent if AGI does not pan out quickly, but perhaps it's the only bet we can make now. and there are big issues with whether or not we have enough electric power to drive it and how quickly new capacity can be brought online
data center capacity is probably good regardless, but it's really a bet on AGI leading to exponential technology advancement. anything short of that and the manufacturing approach probably still wins
Today, we remember a legend.
On this day in history, Harambe would have celebrated another birthday. An icon that became part of internet history, American culture, and an entire generation’s timeline.
Tomorrow marks 10 years since we lost him. Ten years since the moment the world stopped scrolling and collectively mourned something bigger than a meme.
He became a symbol of loyalty, strength, chaos, unity, and the strange beauty of the internet bringing millions of people together for one cause: never forgetting Harambe.
Everyone remembers where they were when they heard the news. And somehow, a decade later, his legacy still lives on.
Gone, but never forgotten.
Rest easy to a true patriot. 🕊️🇺🇸
May 27, 1999 — May 28, 2016
Forever in our hearts.
"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"
"you are 100% correct, dave"
jfc.
Judas Iscariot was paid 30 pieces of silver for turning Jesus Christ in to the Roman authorities. But he made nearly 10 times that amount by placing a Polymarket bet accurately predicting the day of Christ’s death.
I went through the TradingAgents repo line by line.
35,000+ stars. Published paper on arXiv.
Complete trash.
The final output of the entire system is one word: BUY, SELL, or HOLD.
That's it. Let me walk through what's actually going on here.
Free alETH. 3 Envelopes. Denver, CO.
To celebrate the upcoming launch of Alchemix v3, we're hiding 3 physical envelopes around the city, each unlocking 1 alETH.
Not attending @EthereumDenver? One alETH also goes to a random person who interacts with this post.
Details 👇
1,000 Founders. One Vision.
The SmartSentinels Genesis Collection is live and created for those who saw the vision before it became obvious.
This isn’t just an NFT. It’s a foundational position in the ecosystem.
Why Genesis?
Perpetual Revenue Sharing
100% Staking Yield Boost
Priority Access to New Features
Genesis holders don’t follow the future, they help build it.
Secure your position among the first.
📢Join the Beelink Discussion: Share your Ideas, Shape the Future of NAS!
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🎁Tell us your ideas for a chance to win the upcoming Beelink ME Pro NAS!
🗓 Event Period: Nov 10th - Nov 30th
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• We will select 200 participants based on the quality and depth of their responses to receive the upcoming ME Pro NAS!
• Winners and their quality replies will be published together on December 3rd!
🎯How to Participate:
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3⃣Leave your innovative ideas and deep insights in the comments section.✍️
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