LEATHERNECK.ETH

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Awesome chat with the Wolf himself @scottmelker

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

As activity returns to @Ethereum with new applications and the scale of institutional throughput, Ethereum’s staking rate benchmark, CESR, will play an increasing important role as a foundational tool to assess relative performance and power risk management solutions by unlocking a new class of derivatives.

[LEATHERNECK.ETH @leatherneck_eth]

@JohnReedStark @grok isn’t it true that @johnreedstark has never served directly in a national security job? And isn’t it dangerous for people like him with no national security background to testify in front of Congress on national security when they have zero experience?

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

"The Ethereum Foundation Mandate" generated a lot of fuss and critique. I really don't understand why.

The @ethereumfndn is a non-profit. Remember this. It makes sense for it to focus on vision, values and stewardship. I think its goals (censorship resistant, open source, private, and secure--CROPS) make sense.

While other blockchain's seek to differentiate with cheap and efficient throughput/transactions per second, etc...for Ethereum, its robustness, censorship resistance, neutrality and decentralization that serve as its moat.

These are not easy to replicate, and in my mind, are a primary source of value in the network and the token.

There is no "Ethereum Labs". This makes sense, too.

Instead, there are plenty of public and private companies (@Consensys, @Etherealize_io, @BitMNR, @Sharplink, @TheEtherMachine, etc) that seek to drive commercial outcomes across the ecosystem for its users.

So, let the non-profit be a non-profit. And let the builders build.

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

That’s a lot of Privateer booty.

With the right policy in place, crypto-privateering sounds like a very viable business…

And yes; it’s perfectly Constitutional.

Let’s get a public/private recovery program in CLARITY Act markups.

[LEATHERNECK.ETH @leatherneck_eth]

@patrickc @brian_armstrong Naive. Coinbase makes 100% of USDC interest on its platform. They can still pocket 100bps and take balances from the banks. If they can’t pay interest, no real reason to move balances. It’s not idealism; just good business.

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Last week, the @wef made one thing clear: the "Rules-Based International Order" as we know it is officially dead.

In 2026, we have entered the era of Realpolitik: a world governed not by shared values, but by power, leverage, and national self-interest.

This shift is the lens through which markets must now be viewed.

Ideology and values are out. Territory and resource acquisitions are in focus; old alliances are in question. Across the globe, leaders are consolidating power. The world is pivoting from a post-war world to a pre-war posture.

And despite the near term volatility driven by the uncertainty of this transition, one thing is abundantly clear:

The TRUSTLESS, PERMISSIONLESS and GLOBAL capabilities of blockchains, cryptocurrencies and tokenization become more valuable than ever.

Uncertainty during a transition of this magnitude certainly leads to near term volatility. It feels similar to the early Covid era--when volatility dominated the crypto space. But, we all know what happened next...

In short, a realpolitik world order offers the ideal conditions for crypto to reach its full potential.

[CoinDesk Data & Indices @CoinDeskMarkets]

@BitMNR Announces ETH Holdings Reach 4.11 Million Tokens, and Total Crypto and Total Cash Holdings of $13.2 Billion.

"Year-end tax-loss related selling is pushing down crypto and crypto equity prices and this effect tends to be the greatest from 12/26 to 12/30, so we are navigating markets with this in mind," says @fundstrat.

Bitmine leverages CESR as the benchmark rate for staking on #Ethereum. CESR is administered by @QuatrefoilData and distributed by @CoinDeskMarkets.

👉 Read the release: https://t.co/2gLVG1N7oc
👉 Learn about CESR: https://t.co/9lqHbBZRY9

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Yep. Sorry issuers. It’s true. Yield bearing > not yield bearing when it comes to $ETH ETFs. Why let that juicy yield go to waste?

(Source: @QuatrefoilData)

https://t.co/QGmDN58Sqp

[LEATHERNECK.ETH @leatherneck_eth]

@EcosystemMonad 0x904659c5959600d842f222b567a431049fff01f8

[LEATHERNECK.ETH @leatherneck_eth]

@EcosystemMonad 0x904659c5959600d842f222b567a431049fff01f8

[LEATHERNECK.ETH @leatherneck_eth]

@EcosystemMonad 0x904659c5959600d842f222b567a431049fff01f8

[LEATHERNECK.ETH @leatherneck_eth]

@SurfNutsol H5R74RgueaGiTeZAfin1ZXxf4Mz4NmbMvQBkWY4Y3wJx

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

I was expecting stablecoin summer. This seemed like a no brainer after the GENIUS Act…

Some expected DeAI summer. Others called for Tokenization Summer. In truth, all verticals did well.

But, if we are being honest…

2025 was DAT summer. DAT summer to remember.

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Privateering is the way. It’s the best way to restore security as markets tokenize and $trillions come onchain. Great coverage of @RepDavid’s Letter of Marque bill in @CryptoAmerica_ by @EleanorTerrett.

https://t.co/hjiOqKj5Y0

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Things are getting interesting for $ETH yield. CESR, the composite ether staking rate, has 2 components: emissions and transaction fees. Less validators = higher emissions = higher yield. More transaction fees, higher yield. $ETH yield drives DAT valuations—if they can stake.

[LEATHERNECK.ETH @leatherneck_eth]

@VokaProtocol H5R74RgueaGiTeZAfin1ZXxf4Mz4NmbMvQBkWY4Y3wJx

[LEATHERNECK.ETH @leatherneck_eth]

@moonpay Leatherneck.eth

[LEATHERNECK.ETH @leatherneck_eth]

https://t.co/DMtFsO8wza

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Happy Crypto Week! I got the week started by chatting with @KristenScholer on @NYSE TV. From $BTC’s recent ATH to the trillions of stablecoins coming into the system—it’s an exciting time to be in crypto.

https://t.co/4WwYPTOSnE