RayC

Researcher @ark_stream

Crypto: Dev, Trader, Dao

Tweet, Retweet, Like != FA

[Grvt @grvt_io]

On Grvt, every dollar does more.

We’re building a platform where capital can trade, earn yield from real-world assets, and work harder through capital-efficient products.

Together with @BinanceWallet, we’re launching a Booster Campaign.

🗓 10 July 2026, 07:00 UTC - 17 July 2026, 23:59 UTC
💰 1,500,000 $GRVT token, distributed on TGE day

No trading required. No deposits required.

How to join 👇
1️⃣ Open Binance Wallet → Discover → Booster
2️⃣ Complete the missions
3️⃣ Rewards unlock on TGE day

#Grvt $GRVT

[RayC @ray_crypto]

能让Anthropic重置Fable 5额度，侧面说明GPT-5.6是挺强的

[ClaudeDevs @ClaudeDevs]

We've reset 5-hour and weekly rate limits for all users.

[RayC @ray_crypto]

现在做的方向还挺早期，很多东西都在边做边验证，所以不会只是接一个成熟模块，而是能真的参与进去，把研究、数据、回测和实盘一点点搭起来。

感兴趣的朋友欢迎来聊！

[ArkStream Capital @ark_stream]

https://t.co/5eOoAPg6E7

[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]

[Nesa @nesaorg]

Nesa × @BinanceWallet Booster Campaign is here!

Entry: Binance Wallet App -> Homepage Banner OR Discover -> Booster -> Nesa Booster Campaign

Rewards: 1,000,000 NES for 50,000 Winners
Start: June 23 04:00 UTC+0
End: June 24 03:59 UTC+0
Eligibility: Binance Keyless Wallet users with at least 2 Alpha Points

Join Nesa as it powers the largest decentralized AI ecosystem backed by a privacy-first Layer 1 serving the Fortune 500.

[Nesa @nesaorg]

Official Campaign Links:

Mobile
- https://t.co/57rkJe5Vsb

PC
- https://t.co/wrwZiKWx8P
- https://t.co/sfaiXpxsAv

[ArkStream Capital @ark_stream]

https://t.co/ARyJavfBCA

[DeepSeek @deepseek_ai]

🚀 DeepSeek-V4 Preview is officially live & open-sourced! Welcome to the era of cost-effective 1M context length.

🔹 DeepSeek-V4-Pro: 1.6T total / 49B active params. Performance rivaling the world's top closed-source models.
🔹 DeepSeek-V4-Flash: 284B total / 13B active params. Your fast, efficient, and economical choice.

Try it now at https://t.co/GCdiMzk1Dl via Expert Mode / Instant Mode. API is updated & available today!

📄 Tech Report: https://t.co/drlDrxkYtp
🤗 Open Weights: https://t.co/T13Y8i7SDM

1/n

[Stani @StaniKulechov]

Aave is my life's work and we're working nonstop to find the best possible outcome for users.

I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible.

DeFi United.

[Ye Su @allen_su1024]

要币安缩短 1+3 锁仓，是个办法。

但这只能解决果，解决不了因。

做 crypto 一级8 年了，我深度反思过：
行业要恢复创新，核心要三件事。

1）从 to narrative 回到 to product
crypto 17 年，真正跑通的产品基本只有金融：交易所、DEX、借贷、预测市场。

其余大部分还是 to narrative。

To叙事项目的核心价值是给行业引流。商业落地那天就是价格开始暴跌的开始。

从 2024 ETF + Trump 之后，引流已经没有价值了，to narrative周期已经接近尾声。接下来还是得回到收入、利润、现金流。

2）定价跌10x回归常识
很多项目不是没人投，而是根本不值得投。

币安alpha 30 万美金搓出来的流水盘项目，种子轮 3000 万美金，开盘 FDV 1-2 亿美金。

啥概念？GoPro 现在整个公司市值也就 1.2 亿美金。

从我17年入行第一天就发现crypto所有资产都10x以上高估，因为crypto是个与外界地流通的native行业，这是吃了to narrative时代的红利。

现在周期过了，归回常识是第一步。如果全行业先跌 10 倍，alpha开盘1000-2000w美金，很多项目反而才第一次有投资价值。

3）监管，还是监管
crypto的草莽时代在24年划上句号。

没有监管，不会更自由，只会让作恶更便宜。

币安 10.11 事件，项目方开盘老鼠仓砸盘，MM 操纵市场。这些事放在传统金融，都牢底坐穿。

结果就是劣币驱逐良币，最后买单的是 VC ，也是散户。

不过，这3个问题，要花多少年解决呢？

[ArkStream Capital @ark_stream]

https://t.co/PiZHtI2YMr

[Omer Goldberg @omeragoldberg]

Stream’s First Casualty: deUSD

1/ After Stream disclosed a $93M loss in user funds, Elixir’s deUSD and sdeUSD collapse became inevitable.

Elixir was key in Stream’s recursive xUSD minting loop and held $68M in USDC exposure to Stream, representing about 65% of deUSD’s backing.

[RayC @ray_crypto]

@cryptovishal7 Pendle

[Ye Su @allen_su1024]

很多朋友询问，一同答复下。

ArkStream不仅没有停手，今年还募了一支新基金。Crypto VC不是没了，而是市场环境变了，我们做出了很大的战略改变。

一是从单独只做出资人，开始联合上下游一起为项目方全方面赋能的VC+投行模式。

二是投资类型不限于早期token，我们今年投了不少Liquid deal和股权。

熟悉我们的都知道，我们不变的是行业信仰，在打法上从来讲究不拘一格。从2017年到现在，始终在创新前端浪遏飞舟，故曰ArkStream。

[RayC @ray_crypto]

@TroveMarkets Hey, can you share an invite code? Thanks!

[RayC @ray_crypto]

$USDe didn’t break — it bounced.
Local dislocation, fast recovery, system held.

[ArkStream Capital @ark_stream]

https://t.co/TAeiqZqshh

[G | Ethena @gdog97_]

While we share these suggestions privately with any partner we work with across both DeFi and CeFi, want to surface this publicly so there is zero doubt going forward on what we view as appropriate oracle design and risk management for USDe:

[RayC @ray_crypto]

此时不塞，更待何时

[Umbra Privacy @UmbraPrivacy]

And we are LIVE ☁️

Participate in our ICO here: https://t.co/a24MMsId3n

[RayC @ray_crypto]

@bruceblue 看到了满满的心酸和血泪，真不容易