Javier Sánchez dl Pu

[Javier Sánchez dl Pu @jsdlp69]

@GrantCardone Politicians come and go, Bitcoin doesn't care. Been here through Obama, Trump, Biden, Trump again — the protocol just keeps ticking.

[vitalik.eth @VitalikButerin]

This year, the EF is decreasing its budget by roughly 40%, which entails some difficult decisions. The goal of the decreases was set out in the Treasury Management Policy last year: the EF is transitioning into being a long-term-oriented endowment-based organization, shifting from its pre-2026 average of spending ~15% of its remaining funds each year, toward a post-2030 target of ~5% per year.

Often, when an organization goes through something like this, people try to pretend that nothing of great value was lost, that it is an efficiency increase, that the only people cut are unproductive dead weight, and everyone else stopped partying, studied the blade, entered cracked S-tier beast mode, and this was sufficient to make up for the downside. I will not try to pretend this. I respect my EF colleagues far too much to pretend that there was not much that is lost. They are brilliant people. They are dedicated engineers of whom some have worked on the Ethereum protocol for nearly a decade. They have brought a bright light to the Ethereum ecosystem with their code, their words, their warmth as human beings and their actions. My dearest hope is that they find a path that brings them fulfillment and happiness whether inside Ethereum or outside. Hopefully many will be able to bring their excellent talents and mindset to the wider Ethereum ecosystem, or the even wider CROPS world.

Instead, I will try to explain what *are* some of the grand sacrifices being made. The Ethereum Strawmap is no small thing. It is an extremely ambitious undertaking seeking to replace and augment almost every part of the protocol - consensus, proofs, privacy, account model, state, and more. This is the third iteration of Ethereum, in the same way that the Merge was the second, even if the shipping style is less Big Bang and more one-piece-at-a-time. On top of this, the EF is increasing its role in the Access Layer. We are not compromising on Ethereum being a Deeply Impressive protocol, something worthy of its place in a world with quantum computing, rockets to Mars and powerful biotech and AI, and capable of meeting the challenges that this era will bring.

Some of the deficit will be recovered through more work happening outside the EF. But not all. So what are the grand sacrifices that will enable a leaner effort to accomplish all of this? I will give a few examples (though far from an exhaustive list):

* The multi-client model will shift in the direction of multiple clients existing less for _redundancy_, and more for _specialization_. Up to this point, redundancy has been the main security strategy: if one client has a bug, if it has less than 33%, the chain keeps going and does not even stop finalizing. We are increasingly exploring moving more pieces of the protocol to a different security strategy: AI-assisted formal verification. Some smaller pieces of Ethereum (eg. BLS libraries) have worked this way already for a long time. But soon many more parts of Ethereum will likely function on this model. This may greatly reduce resource requirements of shipping a large number of EIPs. The resources saved by client teams can ideally instead be used to better serve different specialized user needs, including EF Access Layer goals.
* PSE (Privacy and Scaling Explorations) is winding down as a unit. The number of people working on ZKPs for privacy and scaling is probably as high as ever, but they are working less on "exploration" and more on *implementing* ZKP-based privacy and scaling into the Protocol and Access Layer
* Devcon will likely over time become smaller-scale, somewhat more spartan, much lower-deficit than previous years, in addition to other changes in vision in line with the Mandate.
* Fewer beyond-Ethereum megaprojects coming from EF. As I announced earlier this year, I am taking on some of the responsibility of doing projects in this category that I consider valuable with my personal funds.
* EF institutional work is reducing in scope, specializing more specifically on creating replicable test cases of highly CROPS-friendly deployments, even if at smaller scale.

These do not explain all departures; in some cases they do not explain departures at all and rather explain _reduced need for new spending_. But they are a large part of the strategy at play.

In the longer term, I personally favor a "soft lean-and-done" approach to Ethereum: once the Strawmap is completed, generally stick to security fixes and small high-value changes, and have a much higher bar for considering new feature additions to the protocol. This allows Ethereum to remain capture-resistant without demanding very large budgets. Learn less from multimillion-line-of-code behemoth projects, more from bitcoin.

The past years have been a challenging era for Ethereum. However, the ecosystem is adapting, both inside the EF and outside, and I am confident that Ethereum is very well-positioned to succeed and thrive.
https://t.co/iZiOonRYzR

[Altcoin Daily @AltcoinDaily]

If you own 0 $ETH, you are not prepared for the next 5 years.

[Javier Sánchez dl Pu @jsdlp69]

Am I wrong here? Let me know.

[Javier Sánchez dl Pu @jsdlp69]

Saylor watching MSTR bleed and still casually flexing a $50B BTC bag like it's nothing. Man doesn't flinch, doesn't sell, doesn't care what the market thinks. Conviction or insanity? Honestly, both are kinda based. #Bitcoin

Who's stacking with him?

[NoLimit @NoLimitGains]

Michael Saylor is one of the worst things that ever happened to BTC.

1: He creates centralization, which defies the entire purpose of Bitcoin.

2: His business (if you can even call it that lol) can go bankrupt at any moment. When it does, they will be forced to dump their entire Bitcoin stack. Bitcoin itself cannot go bankrupt.

Please just go bankrupt already so we can move on.

[Ansem 🐂🀄️ @blknoiz06]

have effectively driven most volume, attention, & fees to the platform in months in past week or so, think ppl are ready to start being active onchain again especially if solana & bitcoin move upwards soon

$PUMP stimmy would be incredible tailwind, when airdrop @Pumpfun ?

[Ethlabs @ethlabs_org]

Announcing Ethlabs: a non-profit R&D lab for Ethereum and ETH

Our mission is to make Ethereum the settlement layer of the global economy.

The internet became global because shared protocols created a common language between networks. Private systems remained useful, but bounded. Finance is approaching a similar moment. As value, assets, and markets become digital, the world needs shared settlement infrastructure.

Ethereum is uniquely positioned to become that shared base layer, the neutral foundation on which users, institutions, and agents can transact without intermediation.

What we believe:

• We believe credible neutrality matters. Ten years of uptime and the lowest counterparty risk. Ground that cannot be pulled away by any one country, institution, company, or person.

• We believe ETH matters. The most valuable, programmable store of value. A decade of broad distribution, deep liquidity in onchain markets, and maximally trustless asset on Ethereum.

• We believe DeFi matters. Markets, liquidity, credit, exchange, and coordination, open to anyone.

• We believe adoption matters. Principles do not change the world until people benefit from them.

We sit between two worlds: real usage from the builders at the frontier, and the protocol that has to support it. We work with users, applications, wallets, L2s, infrastructure teams, institutions, ETH holders, core devs and researchers, then turn what they actually need into protocol work, shared standards, infrastructure, and shipped products.

Ethlabs is independent but Ethereum is a shared project. We are one node in a much larger network of stewards. This is the multi-node future.

We have spent the better part of the past decade contributing to Ethereum core research and development.

We are opinionated and transparent. We move with urgency, learn in public, and course-correct when we’re wrong.

We are building a lean, talent-dense team for people who want to do the most important work of their careers: [email protected]

[Jack.poor 🇦🇲 @RealJackPoor]

My July-September prediction:

1- We see the market dump towards the end of June. Everyone gets bearish, BTC dumps close to $60k again, and ETH to $1,500.

2- Market makers liquidate all the longs.

3- As soon as everyone becomes bearish, the market bounces back in early July.

4- Bitcoin hits $110k+ in July-August, and Solana follows it to $190-$240.

5- Then BTC dominance drops, money starts flowing into alts, and we see 2-3 months of MEGA ALTSEASON where alts pump 10x-50x.

6- We who hold alts are going to retire our entire bloodline.

Overall, I’m giga bullish on Q3.

[Stani @StaniKulechov]

Lots of discussions around Aave so I want to clarify a few things:

• First off, there is NO WAY we’d sell AAVE at a 70% discount lol.

• 100% of Aave Protocol and GHO revenue goes to the $AAVE token. This was established in the Aave Will Win proposal.

• AWW also applies to all product revenue, including the Aave App, Aave Pro, and Swaps.

• No protocol or product revenue goes to Aave Labs, which is a service provider to the DAO responsible for building and growing Aave.

• Aave Labs owns an allocation of AAVE that multiple market participants have discussed purchasing, directly or indirectly, through deeper long-term partnerships. The article’s framing is inaccurate.

• Aave is currently generating $134M in annualized revenue, which goes to the Aave DAO.

• As defined in AWW, all intellectual property, including the Aave brand and any software built for Aave, belongs to $AAVE.

• We haven’t shared much on this yet, but the Aave team is designing Aavenomics 3.0, which includes a new automated and non-discretionary buyback mechanism. More on this later.

• Aave is building not only for the crypto TAM, but for the entire finance asset TAM, including RWAs.

• Everyone at Aave Labs and Aave DAO works for $AAVE.

We’ll be hosting our quarterly call in the next couple of weeks. Join us if you want to catch up on what we’ve been working on and get some cool updates on the Aave roadmap.

[Javier Sánchez dl Pu @jsdlp69]

anyone else get their best ideas away from the desk, or is it just me?

[Javier Sánchez dl Pu @jsdlp69]

gym done. something about post-workout endorphins clears the noise. 80% of my best conviction plays were mapped out walking back from the gym, not staring at charts. silence > screens

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US House Committee schedules crypto Clarity Act hearing for July 17.

[Michael Saylor @saylor]

Volatility tests every capital structure. Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. We appreciate our investors and will continue to execute with transparency and resolve. $MSTR

[Saakuru Protocol 👾 @saakuru_labs]

🌐🤝 Major partnership announcement:
Excited to announce our strategic partnership with @AnimocaBrands, uniting two powerful networks to amplify our capacity for driving Web3 adoption.

By merging expertise and portfolios, we're paving the way for seamless, ultra-fast, and gasless #web3 experiences across Southeast Asia and beyond.

#Blockchain #Web3 #GamingInnovation $SKR

[Ash Crypto @AshCrypto]

Solana and Sol memes are dumping
hard because people are realizing this
whole game was rigged and it was all
just wealth transfer / value extraction
from crypto gamblers to project insiders.

Normal people never had a chance coz
it was all rigged from the start.

[Javier Sánchez dl Pu @jsdlp69]

Anyone else seeing this?

[Javier Sánchez dl Pu @jsdlp69]

When the flywheel slows, does it stop... or just breathe? Saylor's conviction gets tested exactly when markets punish believers hardest. That's where real theses prove themselves.

#Bitcoin Thoughts?

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Illinois passes law to tax crypto transfers regardless of profit or loss, starting 2027.

[vitalik.eth @VitalikButerin]

In these five years, the Ethereum Foundation is entering a period of mild austerity, in order to be able to simultaneously meet two goals:

1. Deliver on an aggressive roadmap that ensures Ethereum's status as a performant and scalable world computer that does not compromise on robustness, sustainability and decentralization.
2. Ensures the Ethereum Foundation's own ability to sustain into the long term, and protect Ethereum's core mission and goals, including both the core blockchain layer as well as users' ability to access and use the chain with self-sovereignty, security and privacy.

To this end, my own share of the austerity is that I am personally taking on responsibilities that might in another time have been "special projects" of the EF. Specifically, we are seeking the existence of an open-source, secure and verifiable full stack of software and hardware that can protect both our personal lives and our public environments ( see https://t.co/GzgBS9sh87 ). This includes applications such as finance, communication and governance, blockchains, operating systems, secure hardware, biotech (including both personal and public health), and more. If you have seen the Vensa announcement (seeking to make open silicon a commercially viable reality at least for security-critical applications), the https://t.co/cuyU9Chs1y including recent versions with built in ZK + FHE + differential-privacy features, the air quality work, my donations to encrypted messaging apps, my own enthusiasm and use for privacy-preserving, walkaway-test-friendly and local-first software (including operating systems), then you know the general spirit of what I am planning to support.

For this reason I have just withdrawn 16,384 ETH, which will be deployed toward these goals over the next few years. I am also exploring secure decentralized staking options that will allow even more capital from staking rewards to be put toward these goals in the long term.

Ethereum itself is an indispensable part of the "full-stack openness and verifiability" vision. The Ethereum Foundation will continue with a steadfast focus on developing Ethereum, with that goal in mind. "Ethereum everywhere" is nice, but the primary priority is "Ethereum for people who need it". Not corposlop, but self-sovereignty, and the baseline infrastructure that enables cooperation without domination.

In a world where many people's default mindset is that we need to race to become a big strong bully, because otherwise the existing big strong bullies will eat you first, this is the needed alternative. It will involve much more than technology to succeed, but the technical layer is something which is in our control to make happen. The tools to ensure your, and your community's, autonomy and safety, as a basic right that belongs to everyone. Open not in a bullshit "open means everyone has the right to buy it from us and use our API for $200/month" way, but actually open, and secure and verifiable so that you know that your technology is working for you.