Patrick

[Patrick @patrickokain]

@sharbel If only there was a way you could own your own data 🤔

[Patrick Witt @patrickjwitt]

Can someone please explain to me the logic here?

No compromise on CLARITY means no restrictions on intermediaries offering stablecoin rewards. If you believe the banks’ argument about deposit flight, this would be catastrophic.

Feels like I’m watching an arsonist threaten to burn down their own home.

[Tuki @TukiFromKL]

🚨 Do you understand what just happened?

New York wants to ban AI from answering questions about medicine, law, and engineering.

Let me translate that for you:

> The industries charging you $500/hour just lobbied to make sure you can't get the same answers for free.

> This was never about safety. It's about protecting the bill rate.

> Lawyers don't want you to know AI can draft a contract in 30 seconds.

> Doctors don't want you to know AI can read your bloodwork better than a resident.

> Engineers don't want you to know AI can review your blueprints overnight.

They're not banning AI to protect you. They're banning it to protect their invoices.

[Eric Trump @EricTrump]

Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers.

These banks, and others, pay rock-bottom rates on standard savings (often 0.01%–0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.

Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4–5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying “fairness” and using words like "stability"—when it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.

Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they “pay” you!

Fortunately, the big banks are losing this fight as customers wake up to the games…

@worldlibertyfi

[Palmer Luckey @PalmerLuckey]

"The Pentagon isn’t asking you to help build Skynet. They’re asking you to not have veto power over how a democratically accountable military uses a tool it purchased. Their point about “all lawful purposes” is actually the correct institutional boundary: the military operates under law, under civilian control, under congressional oversight"

[Jeremy Allaire - jerallaire.arc @jerallaire]

We're at an inflection point.

The internet is evolving from moving information to moving value.

Blockchain, stablecoins, and AI aren't separate trends — they're converging into something much bigger: a reimagined global economic system, built natively on the internet.

We are entering a world where, in my view, tens or even hundreds of billions of AI agents will interact and perform economic functions over the internet.

They'll need programmable digital dollars and open infrastructure to do it. That's exactly what we've been building at Circle.

Circle’s Q4 showed this isn't just a vision anymore — it's happening. USDC expansion continued, our share of stablecoin transaction volume approached 50%, and our broader platform expanded well beyond issuance into the infrastructure layer of onchain finance. Arc. CCTP. Circle Payments Network. StableFX. Each one a building block for what comes next.

The opportunity ahead has never been greater. And we're just getting started.

Full results at https://t.co/kG1VoCbj8F

[Borderless @borderless_cap]

Proud to lead @trycloudburst’s Series A. AI + off‑chain intel to spot fraud networks—giving regulators, exchanges & investors an edge. Co-investors: @SCV_Cyber @coinfund @cbventures @bloccelerate
+ In‑Q‑Tel. More: https://t.co/rXxS0OvHP1

[Borderless @borderless_cap]

We’re excited to welcome @dempsey_andrew as our new Partner at Borderless!

With senior roles at CBC Group and Fortress, Andrew brings 20+ years of experience in private capital and investor relations across PE, credit, real estate, and hedge funds.

As institutional demand for digital assets accelerates, Andrew will lead our efforts to expand access and build trusted pathways for traditional allocators entering Web3.

The golden era of digital assets is here—and we’re just getting started

Read more: https://t.co/Tzgryhz7Jm

[The Global Blockchain Congress @AgoraGBC]

Meet our prominent GBC speakers:

•Abdulla Al Dhaheri, Chief Executive Officer @adbc_ae
•@crainbf, Co-Founder & Chief Executive Officer @ChorusOne
•@ikardanoff, Partner @TON_Ventures
•@patrickokain, General Partner @borderless_cap

Register here: https://t.co/1AaAWCsa8C

[Maria Vovchok @MariaV54]

🎊Happy holidays!
🎙️We’re thrilled to announce our latest, #101st episode of @Encrypt_d podcast, "From National Security to DePIN: Unlocking Borderless Web3 Opportunities”, featuring @patrickokain , General Partner at @borderless_cap!
💡This episode of Encrypted is powered by @myco_io and sponsored by The @HBAR_foundation: https://t.co/kPdRSrRPWs
✅The HBAR Foundation cultivates vibrant economies and ecosystems on the Hedera network by providing financial, community, and marketing support for projects attracting millions of users and billions of dollars to the ecosystem!

🔗Watch and listen here:

📺Youtube: https://t.co/Gq5geQGTw4
📱Encrypted: https://t.co/57aekG1qHp
🎧Apple Podcasts: https://t.co/ujIV70tsGv
📍Spotify: https://t.co/XuH0j0aFgc
🖌️Overcast: https://t.co/DCwvWa9YLc

🚀With a career spanning over 18 years across venture capital, national security, and federal law enforcement, Patrick has a unique approach to analyzing Web3 startups and doing the due diligence.
🔑 What to Expect in This Episode:
How Patrick’s experience in national security and financial crime investigations at the DEA has influenced his approach to crypto and Web3 investments.
The evolution of Borderless Capital, managing $500M+ in assets with 250+ investments since 2018.
The launch of their third DePIN-focused fund and how it builds on the success of previous funds.
His work establishing the Opportunity Fund paves the way for the next wave of Web3 growth.
The challenges and opportunities for Web3 startups amid regulatory changes.
Partnerships with #Web3 companies, such as Peaq, Solana Foundation, Jump Crypto, and IoTeX to accelerate global adoption.
Borderless Capital’s vision for emerging markets, including the UAE, and the intersection of Web3 with AI and tokenized RWAs.
📻 Tune in now to learn how Patrick and Borderless Capital are unlocking the future of decentralized technologies.
#EncryptedPodcast #Web3 #DePIN #OpportunityFund #Blockchain #DubaiBlockchainCenter #VentureCapital #BorderlessCapital #Crypto #Innovation #Myco #Hbar #HbarFoundation #Hedera #HederaHashgraph

[Borderless @borderless_cap]

We are grateful to our partners @jump_ , @WormholeFdn , @peaqnetwork , @mawarixr , @GSR_io , @SolanaFndn , @OVioHQ , @OpenLedgerHQ , @geodnet , @iotex_io , @srcful , @Wayra , @NATIXNetwork , @WifiDabba , @upnetworkhq , @AmbientNetwork , @Grid_build @movementlabsxyz , @UpRockCom for joining us at our DePIN Fund III Launch cocktail in Singapore. The event was a tremendous success. We extend our gratitude to our portfolio projects, sponsors, and LPs for their continued support in driving the growth of the DePIN ecosystem. #TheFutureIsBorderless #DePIN #VC #Web3

[The Block @TheBlockCo]

EXCLUSIVE: Solana DePIN Mawari Network raises $10.8 million in new funding https://t.co/UukYpghdM2

[Borderless @borderless_cap]

We're thrilled to introduce the next chapter in our journey with a bold, redesigned brand identity. Our new logo reflects our limitless vision and commitment to breaking barriers in the world of Web3.

Borderless isn't just a name - it's a promise.

A promise to explore uncharted territories, foster innovation, and push the boundaries of what's possible in the decentralized future.

Stay tuned for more as we continue to build a world without borders!

The future is B O R D E R L E S S

[IoTeX @iotex_io]

Today one of DePIN's most prominent investors and thought leaders takes the stage at R3al World.

@alvarogracia, partner at @borderless_cap, will deliver a keynote titled "1000 Year Old DePIN" that promises to redefine your understanding of DePIN.

[Hernan Yellati @HernanYellati]

The Week Ahead - Macro/Crypto

Last week, Bitcoin saw a significant recovery in tandem with US equities, which recovered strongly after a disastrous performance the week before. Relevant to the positive dynamic was MicroStrategy announcement of additional 18,300 Bitcoins purchased for approximately $1.11 billion. This acquisition was completed between August 6, 2024, and September 12, 2024, at an average price of about $60,408 per Bitcoin. Importantly, BTC saw strong resistance around those levels, seeing some exhaustion in buying power.

In terms of the ETF flows, the BTC Spot ETFs saw net inflows of $263 million last Friday, marking a positive weekly trend after weeks of mixed or negative inflows.

Ethereum Spot ETFs also saw small inflows last week, yet still on net negative terrain since it was approved.

This week, the focus will center around the FOMC FedFund rate decision and statement on Wednesday 2.00pm followed by Fed Chair Powell remarks. The target rate probabilities of a 50bp as measured by the CME soared to 59% from less than 20% just a few days ago when the CPI and Core CPI were released last Wednesday.

Indeed, the Core CPI showed stickiness above 3%YoY with a slight upward surprise in the monthly reading of 0.3%MoM vs. 0.2%MoM expected. So, even though the Headline CPI is fast approaching the 2% Fed target, with a 2.5%YoY release after the 2.9%YoY in July, the Core Index, which excludes energy and food prices, is still a challenge. That alone might have affected expectations for a 50bp cut this week at the moment of the release.

Yet, those expectations for 50bp cut surpassed significantly the previous almost fully priced-n 25bp cut based on the perception that the Fed might seek a soft landing of economic activity and, due to concerns in the employment front, it may go for the aggressive move of a higher cut.

Implications for BTC (and crypto)
If materialized, the 50bp cut will be a razor of two edges. On the one hand, it’s a liquidity boost and risk-on signal. On the other, it brings a tone of caution as it may signal that the Fed is already behind the curve and the economy may need further stimulus to avoid a recession. Those opposed views are likely to bring a volatile week ahead in crypto assets.

[Alvaro Gracia @alvarogracia]

The kind of collaboration we want to see in the Borderless DePIN portfolio, two of our best projects in simbiosis. Way to go!

[Naval @naval]

Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. But tell me more about your analogy...

[Yano 🟪 @JasonYanowitz]

I think this is the first crypto game on Xbox:

- 60 hr narrative campaign
- 150 player battle royale
- 250+ employees
- Neill Blomkamp (legend) is chief creative
- Economy is fully onchain (Avalanche subnet)
- Custom in-game NFT wallet

Something something, slowly but surely.

[Faryar Shirzad 🛡️ @faryarshirzad]

We responded to Senator Warren's letter accusing @coinbase of hiring national security veterans as a way to fight bipartisan legislation.

In our response, we said that:
- We are very proud of our record of rooting out illicit activity on our platform, and of our deep partnership with law enforcement in going after bad guys.
- Our success stems from hiring national security and law enforcement veterans who help us do everything we can to protect the American people.
- Any suggestion that we are hiring these people to stop legislation is ridiculous. In fact, @coinbase has been consistently advocating for legislation like FIT21 that would create clear rules for the industry and consumers here at home.
- Keeping emerging and foundational technology in the US is a national security imperative, and her efforts to drive digital asset innovators offshore is a mistake of historic proportions.
- We've learned from the examples of semiconductors and mobile phone technology how much damage it does to America's national security to abandon leadership in innovation, and we should ensure that we don't make the same mistake with digital assets.
- We'd be happy to brief her on all of the above in more detail if she's interested.

Letter here 👇
https://t.co/3ebwHy2k45[…]L_Response_to_Senator_Warren_Letter__-_22_DEC_2023__5_.pdf