Alex Felix

@coinfund co-founder & CIO, @dartmouth and skier. Not investment advice, these are my personal opinions.

[Alex Felix @flex4blox]

@OndoFinance Heartbreaking news. Grateful for everything Nathan built and the standard he set for our industry. Thinking of his family, the Ondo team, and everyone who knew him.

[Pluralis Research @Pluralis]

Today we're releasing Agora: the first ever pretraining stack that allows non-collocated consumer GPUs to be competitive with centralized clusters

Agora is 15x faster than Megatron-LM in this setting and is only 1.5x less efficient in terms of tokens per unit compute than TorchTitan on H100s, despite running on devices that have no NVLink or InfiniBand support.

[Alex Felix @flex4blox]

The interesting work in prediction markets isn't in the courts. It's at the protocol layer: who resolves, what counts as a source, how insider activity gets priced.

You can win the gambling debate and still end up with great sportsbooks and mediocre oracles.

https://t.co/pSiJ6V3I1J

[Superstate @SuperstateInc]

1/ @CoinbaseAM has selected Superstate FundOS to launch an onchain share class of the Coinbase Stablecoin Yield Fund (CUSHY) in Q2 2026.

For the first time, FundOS is powering a third-party fund launch from inception.

https://t.co/xPXOayoQgM

[Alex Felix @flex4blox]

@a16z The 55yo+ cohort isn't 😂

[Alex Felix @flex4blox]

@guywuolletjr Either works. You buy back when undervalued and pay dividends when the business is mature. Do you think we need to pick a team?

[Alex Felix @flex4blox]

In 2016, all US venture investment was about eighty billion dollars.

In 2018, one hundred thirty billion.

In 2022, two hundred forty billion.

In 2026, one OpenAI round was one hundred twenty-two billion.

[Alex Felix @flex4blox]

Worth reading @paulvigna full piece in @AmerBanker: https://t.co/tDK911gGhH

[Alex Felix @flex4blox]

Iran's Bitcoin toll in the Strait of Hormuz shows global crypto rails cut both ways, you don't get dollar access in Buenos Aires without the same rails being available to the IRGC

If you want to actually stop illicit finance, you don't go after wallets and shell exchanges that are disposable, that is whack-a-mole. The leverage is at the human layer, in the operators and their coordination channels

That's why we backed @IntelTweet and @trycloudburst, which bridges the gap between blockchain data and real-world threat actors for government and commercial customers

[Alex Felix @flex4blox]

The wait is over

Every bank and fintech in the country now has a regulatory path to issue stablecoins

Institutional capital is about to move onchain in a big way, and I cannot think of a better positioned team than @dakota_xyz to capture it

[Bloomberg @business]

The FDIC, which backs deposits at thousands of US banks, is laying out its guidelines for how those institutions and their fintech subsidiaries can use stablecoins https://t.co/i6FRTJ64fY

[Alex Felix @flex4blox]

If Back were Satoshi, that means he emailed himself, asked himself a question he already knew the answer to, and then "forgot" to read his own whitepaper promptly.

Adam Back is to Satoshi as Tony Stark's armorer is to Iron Man. Critical to the story. Didn't build the suit...

[Alex Felix @flex4blox]

@JasonYanowitz @hal2001 The onchain part doesn't change the cap table math. Convert to equity and you potentially have 10k+ shareholders: most private company exemptions cap out well below that. What's the legal structure that actually makes this work at scale?

[Alex Felix @flex4blox]

@coinfund remains independent, venture-focused, and fully committed to writing checks to top founders in crypto. Congrats to Chris and Seth on this exciting next move.

[WSJ Markets @WSJmarkets]

Franklin Templeton said it would buy a spinoff from the venture firm CoinFund to expand its cryptocurrency-investing offering https://t.co/vxVJa7YQum

[Alex Felix @flex4blox]

You wouldn’t know we’re in a bear market walking into @blockworksDAS

Institutions aren’t waiting for prices to recover, they’re building and allocating now

As @JasonYanowitz said, crypto will win. Tomorrow I’ll be on stage with @robbieklages, @tarunchitra, and @samantha_bohbot talking about the infrastructure that will make that possible

[Yano 🟪 @JasonYanowitz]

Our goal for DAS this year was simple.

Inject optimism back into this industry.

Optimists always win. Always. But I get the sense crypto has been overtaken by pessimism.

We need to snap out of that NOW.

We have been building Blockworks since Dec 2017. I have never seen this much momentum, this many tailwinds, this much institutional and political support for crypto, this much real world adoption.

And all I hear on this app is complaining about the tokens going down.

Most tokens will stay down, that’s ok!

But what most seem to be missing is that the winners are emerging. Their tech will get adopted globally. Their platforms will be seen as staples of society. And yes, their tokens will go up (a lot).

We wanted to show you with DAS this year that crypto will win.

I hope we’ve played a small role in sparking your optimism in this idea.

Crypto will win.

[Alex Felix @flex4blox]

Crypto M&A surged 7x in 2025 to $37B

@Mastercard just acquired @BVNKFinance for $1.8B, the largest deal of 2026 and #2 all time behind @coinbase acquisition of @DeribitOfficial

Two $1B+ exits in stablecoin orchestration in under two years (Bridge acquired by Stripe was the first)

Keep an eye on @dakota_xyz, which is building in this area with a differentiated approach on both technology and licensure. Most teams only get one of those right. They’re nailing both

Someone in this space will build a much larger outcome for investors. The category is still early. Good read from @bdanweiss at @FortuneMagazine: https://t.co/uJGxpYnFuY

[Alex Felix @flex4blox]

@santiagoroel Nice framing. Where do you think the next wave of crypto entrepreneurs comes from?

[Einar Braathen @einar_hb]

1/3: Three things that are working in crypto - Cleaned stablecoin payment volume hit $1.8T in February, up 2.7x y/y. Source: @AlliumLabs / @Visa

[Alex Felix @flex4blox]

@eastdakota I’m as big a skier as anyone but it’s basically been a real estate play. Their resorts are too crowded to be desirable. Epic Pass was genius; until it worked. Now the product is broken and the stock agrees.

[Alex Felix @flex4blox]

Put your money where your model is.

Pro tools for prediction market trading and execution built by the one and only @MovieTimeDev.

[Parity @PredictParity]

Introducing Parity, your edge in prediction markets.

[Alex Felix @flex4blox]

@nigeleccles @Kalshi Traditional sports books operate under state gaming law + strict ad/compliance regimes. Prediction markets claim CFTC oversight as financial derivatives.

Is this really about self restraint and bad marketing ROI? Or the fight to get clarity on which regulator you sit under?