dng

NYC/LDN @Columbia_Biz. Evercore. Professional degen

[Bilaal- BD investing @bdinvestingg]

5 ETFs Dominating AI, Power, Space & Robotics

$DRAM — Invests in memory chip companies. Bets on the companies storing and moving AI data faster than ever.

$NLR — Invests in nuclear energy. Bets on uranium miners and reactors powering the AI electricity boom.

$NASA — Invests in space companies. Bets on satellites, rockets, and the businesses building the space economy.

$HUMN — Invests in robotics and AI. Bets on companies building the physical robots that will replace human labor.

$EUV — Invests in semiconductor equipment. Bets on the machines that print the world’s most advanced chips.

$SMH — Invests in semiconductors broadly. Bets on the companies designing and manufacturing the chips powering everything.

$GRID — Invests in electricity infrastructure. Bets on the companies upgrading power grids to handle surging energy demand.

[dng @dnggen1]

Post 2022/2023 crypto has been cooked. All risk no reward. Retail sold a dream

[Chris @StonkChris]

Crypto will likely go down as the biggest opportunity cost asset of the decade.

[dng @dnggen1]

The London tech mind could never

[Ben Lang @benln]

Pulled the fastest-growing tech companies by hiring velocity over the past 90 days:

[dng @dnggen1]

Posting here @dnggen from now on. Provenance is everything

[Jeff Dorman @jdorman81]

DeFi isn’t dead, because DeFi isn’t the problem. The DeFi protocols work great and have solved real problems (eliminating middlemen to allow for cheaper and faster brokerage and banking for the masses).

The reason we keep having DeFi problems is because the assets in crypto suck. DeFi always fails when the assets used as collateral fail like:

- wrapping good assets over dangerous and untested bridges (most recent hack)
- using illiquid worthless tokens from unproven startups that can be manipulated (JELLY JELLY, Mango, etc)
- using 3rd tier stable coins with no liquidity or par stabilizing mechanism (USDe on 10/10, etc)
- having asset / liability mismatches where crap assets are lent to borrow good assets

There are only a handful of good tokens today that should be used as collateral (large stablecoins, BTC, ETH, the equity-like tokens of some profitable companies like $BNB, $PUMP, $HYPE, etc, tokenized debt and stocks, etc). When we expand the list of good tokens, then DeFi will expand as well. This includes:

- more tokenized stocks, bonds and real estate
- ownership tokens of assets like sports team
- project finance debt tokens issued by countries and municipalities
- quasi equity / utility tokens of companies with subscription services (Netflix, Disney, Spotify)
- tokens issued by universities (boosters and donors get a token, scholarships given out via tokens)

As always, the problem isn’t the rails, it’s the trains built on the rails. Just like blockchain and crypto wasn’t the problem when FTX, blockfi, Celsius and Genesis did dumb things…. Just like email and dollars aren’t the problem when Nigerian princes scam you…Just like the internet isn’t the problem when dark web services pop up.

Yes regulation will help, but most of this can’t be solved by the four horsemen of incompetence growing a backbone (exchanges, VCs, market makers and token issuers). Encourage and support better assets and stop giving dumb assets airtime and liquidity.

[dng @dnggen1]

Tourists love to larp about contagion. 2nd order effect this 3rd order that. Brother have you seen what crypto has been through in the last 8 years?

[DeFi Warhol @Defi_Warhol]

Tier List of Crypto Hacks

S Tier

Bybit (2025): $1.46B
Ronin Network (2022): $624M
Poly Network (2021): $611M
Mt. Gox (2014): $460M

A Tier

BNB Bridge (2022): $569M
Coincheck (2018): $534M
FTX (2022): $477M
Wormhole (2022): $326m
DMM Bitcoin (2024): $305m

B Tier

KelpDAO (2026): $294M
Drift Protocol (2026): $282M
KuCoin (2020): $281M
WazirX (2024): $234.9M
Cetus Protocol (2023): $223M

C Tier

Mixin Network (2023): $200M
Euler Finance (2023): $197M
Nomad Bridge (2022): $190M

D Tier

The DAO (2016): $50M
Curve (2023): $24M
Harvest Finance (2020): $24M

Did I miss anything?

[Aakash Gupta @aakashgupta]

Anthropic just turned the entire BI stack into a checkbox in a $20 subscription.

Tableau charges $75-$115 per user per month for what Cowork now does in a prompt. Looker's enterprise floor starts around $30K a year. Retool raised at a $3.2B valuation building exactly this: dashboards connected to your apps and files, refreshed with live data. They hit $120M ARR last October on it.

Claude Pro is $20/month. Cowork is included. The dashboard, the data connection, and the auto-refresh are now one prompt and a connector approval.

The pitch for $75/seat Tableau was always the connectors plus the visualization layer. Cowork has the connectors (Slack, Salesforce, Drive, Asana, Jira) and Claude writes the visualization in 30 seconds. The pitch for Retool was that engineers could ship internal tools in hours instead of weeks. Cowork ships them in minutes for people who can't write a SQL query.

Every internal tools team at every mid-sized company exists because "live pipeline metrics view" used to require a Retool license, a data engineer, and two sprints. That whole job description is starting to compress into a chat message.

Tableau, Looker, and Retool all priced on the assumption that dashboards are scarce and creators are rare. Cowork inverts both. Every employee can build their own dashboard. Fewer Creator licenses, fewer Explorer licenses, fewer Retool seats per company from here.

Cowork isn't the BI category killer yet. But it's coming for the seat count, and the seat count is the whole business.

[dng @dnggen1]

@blknoiz06 @molesy39 Yeah you also said nvda topped. Step away from the pc brother

[Shai Goldman @shaig]

a short list of VC firms are dominating the LP $ - new funds raised

a16z - $15B
Thrive - $10B
Lightspeed - $9B
Sequoia - $7B
Founders Fund - $6B
Accel - $5B
FTV - $4B
KP - $3.5B
Lead Edge - $3.5B
Battery - $3.25B
Greenoaks - $2.5B
Lux - $1.5B

[Mike Katz @mikekatz29]

Kraken paid $550M this morning for Bitnomial. It wasn't buying the tech. It was buying 9 years of CFTC licenses that capital can't shortcut.

That's now the deal logic across every regulated industry in America. Call it the permission premium.

[Untamed Adam 🐺 @adamagb]

I think Claude is shipping too much and it's gonna hurt them

➡️ No one can keep up with this pace, so most new features go completely unused

➡️ People need time to digest updates and figure out how this stuff works in their workflow. Breathing room

➡️ Some of the features are sloppily integrated because they are rushed. This is adding tech/UX debt every day

➡️ Imagine if your favorite video game shipped new updates every single day. You'd never get to master anything and waste a ton of time just learning new systems rather than playing

➡️ IMO phased, more intentional launches would be better

➡️ They won't do this because these tweets bring a ton of mindshare here and it's a land grab for attention

[Claude @claudeai]

Introducing Claude Design by Anthropic Labs: make prototypes, slides, and one-pagers by talking to Claude.

Powered by Claude Opus 4.7, our most capable vision model. Available in research preview on the Pro, Max, Team, and Enterprise plans, rolling out throughout the day.

[dng @dnggen1]

@0xNairolf Get hacked?
Come back to nothing

[Garry Tan @garrytan]

YC will invest in any YC company in stablecoins

The new financial rails of the revolution will not be over ACH or wire

[Marcel van Oost @oost_marcel]

Europe’s top 10 FinTechs are worth over $200 BILLION 🤯

And most of that comes from one country..

From the top:

• 🇬🇧 @Revolut — $75B
• 🇳🇱 @Adyen — $36B
• 🇬🇧 @Worldpay_Global — $24B
• 🇬🇧 @SumUp — $15B
• 🇩🇪 @traderepublic — $15B
• 🇬🇧 @Checkout — $12B
• 🇬🇧 Admiral Group Plc — $12B
• 🇬🇧 @Wise — $12B
• 🇬🇧 @FinastraFS — $10B
• 🇬🇧 ION — $9B

A highly concentrated landscape, with a few standout players across Europe.

📷 Source: https://t.co/NrPJKolnVG

Which of these do you think will break away even further from the pack?

And, what is going to be the next European FinTech to break into this top 10?

[signüll @signulll]

nyc provides infinite optionality, which means you can perpetually avoid the commitments that force psychic maturation.

this is why when you speak to a 30yo in nyc it’ll almost always feel like you’re talking to a 20 year old.

this is primarily due to the fact that most ppl in nyc have never been forced to close doors. & closing doors is literally what growing up is.

[dng @dnggen1]

@obchakevich_ @RedotPay What’s the website?

[nairolf @0xNairolf]

it is really just a matter of time and consistency for crypto now

- tokenized equities
- stablecoin yields
- 24/7 perps
- prediction markets
- neobanks
- privacy coins

legit the use cases are ready, getting adopted and it feels so fucking damn good

[Ben Lang @benln]

More suggestions:

Vercel, Anduril, Mercury, Stripe, ElevenLabs, Profound, Anthropic, Mintlify, Databricks, SpaceX, Elise AI, Browserbase, Palantir, Notion, Adaptive Security, Slash, Standard Metrics, Superpower, Nozomio, Foam, Lovable, Polymarket, Starcloud, Linear, Boltnew

[Fan Bi (buy/ advise $5-50M brands in special sits) @lifeofbi]

Stanford dorm room to billion-dollar exit in 32 months.
Not in tech. In CPG.

Grüns was founded in August 2023. Unilever just acquired it.

Poppi took 9 years. Liquid I.V. took 8. Dr. Squatch took 12.

The timeline:
Month 1: First sales. Pre-seed from Stanford classmates.
Month 6: $6M seed. Vanterra, SugarCap, Selva.
Month 14: Profitable.
Month 21: $100M run rate, online only. $35M Series B at $500M valuation.
Month 24: $300M run rate. 6,300 retail doors. All Targets. All Walmarts. Every Sam's Club.
Month 32: Acquired by Unilever.

The product: 8 gummy bears. 60 ingredients. $80/month. 80% of customers use it daily.

Chad Janis was a VC before this. Board observer at Chubbies, Brooklinen, Dr. Squatch. He watched the Dr. Squatch exit to Unilever from the inside.

He didn't just build a brand. He built the brand Unilever was going to acquire.

Unilever already owns Liquid I.V., Nutrafol, SmartyPants.

They're not buying a gummy supplement. They're buying 80% daily compliance and a DTC subscription engine legacy brands can't replicate.

32 months. The fastest launch-to-billion in CPG history.