🚨NEW: Coordinated engagement with Senate lawmakers on stablecoin yield has become a key focus of state bankers association conferences around the country, according to a banking source familiar with the gatherings.
The outreach comes as the conversation on Capitol Hill has shifted away from yield and toward securing an ethics deal, bridging gaps between the Banking and Agriculture Committee texts, and the bill’s approach to DeFi ahead of a potential floor vote.
Still, the source said yield remains “very much in play,” particularly as senators outside the relevant committees learn more about the legislation.
Whether stablecoin yield reemerges as a defining issue when the bill reaches the Senate floor remains to be seen.
We got everything we ever wanted.
Pro-crypto President
Pro-crypto SEC and Fed Chair
Fed ending QT
No new tariffs
US-Iran peace deal
Oil price dump
ISM PMI above 50
Institutions
Altcoin ETFs and yet
Bitcoin is down -50% from ATH,
ETH is down -65%
Alts are down -90%
and we are poorer than ever.
tbh the Philippines is a smart move for Dash 👀 huge remittance market + regulators actually making it easier to set up shop there. this could actually stick. anyone in PH already using crypto for payments? #Dash
ive actually been extremely vocally bearish solana for over a year, i was even short it when it broke support couple weeks ago was one of my best trades, but at some point when it becomes consensus bearish & fundamentals start to shift for the better it becomes good spot to punt - i think bulk/jtx/phoenix is real narra, cards is real narra, backpack & xstocks is real narra, alpenglow & firedancer is real narra, & the simd's for improving tokenomics are also real narra
it looks bad technicals wise because thats always how things look when r/r is best
The longer you stay in Crypto, the more you realize why BTC (and maybe 1-2 other coins) are the only assets worth holding.
It takes most people a few cycles to understand.
If we're being honest, there are probably fewer than 5 coins total that are worth holding right now...
Ethereum is for shipping.
Here are 25 things the Ethereum ecosystem launched, upgraded, and announced over the past month.
0/ @thedaofund Ethereum Security Quadratic Funding Round with @Giveth wrapped. The fund supported 134 security projects and had 3,934 unique donors.
1/ @Ronin_Network, one of the largest gaming blockchains, completed its migration to an Ethereum L2.
2/ Clear Signing went live. It is an open standard designed to help end blind signing and make transaction data human-readable before signing. Contributors include wallets and hardware, infrastructure, tooling, individual builders, and the Ethereum Foundation’s Trillion Dollar Security initiative, with the @ethereumfndn acting as a neutral steward.
3/ @SEAL_911 and @Wonderland_Fi introduced DARC, a Digital Asset Risk & Compliance standard for crypto teams, with continuous monitoring across GitHub, infrastructure, multisigs, DNS, and more.
4/ @arbitrum announced that LG Electronics' blockchain team is piloting an onchain advertising network on Arbitrum.
5/ @base activated Azul, its first standalone network upgrade, introducing multiproofs, new execution and consensus clients, CLZ opcode support, Osaka repricings, and performance upgrades up to 5,000 TPS.
6/ @Mastercard expanded stablecoin settlement support to include USDC, PYUSD, USDG, USDP, and SoFiUSD on Ethereum mainnet, @arbitrum, and @base.
7/ @EFDevcon 8 Mumbai early bird tickets went live. Tickets were available paid in ETH.
8/ Türkiye's Directorate of Communications (@Communications) registered cbiletisim.eth, making its first step in establishing an official onchain identity with @ensdomains.
9/ @CashApp launched stablecoin support, allowing nearly 60 million users to send and receive USDC with no wallet setup required, live on Ethereum mainnet and @Arbitrum.
10/ @torproject and @FundingCommons launched a web3-native crowdfunding initiative supporting 10 internet freedom projects.
11/ @JPMorgan launched a second tokenized money market fund on Ethereum.
11/ @lifiprotocol launched LIFI Intents, a full-stack intent execution engine built on the Open Intents Framework, an initiative for standardizing crosschain intents.
12/ @l2beat launched Token Frameworks, a dedicated place to explore interoperability solutions, token movement, volume, speed, chains, and framework adoption.
13/ @PrivacyEthereum launched a private transfers dashboard comparing 11 protocols across privacy, cost, UX, decentralization, compliance, verifiability, state, and composability.
14/ @Veildotcash launched Veil MCP 0.2.0, enabling agents to make private x402 payments on @base.
15/ @src_co_ introduced SLOW, reversible, self-custodial crypto payments on Ethereum.
16/ @ensdomains ecosystem builders launched ENS8004, a web app that converts an ENS name into an onchain AI agent other applications can find and verify.
17/ @OctantApp introduced properQF in Epoch 12, integrating quadratic funding into the funding round.
18/ @AragonProject launched onchain profiles, making governance participants readable across forums by resolving ENS names, avatars, bios, websites, and social links from Ethereum mainnet.
19/ The Ethereum Community Hub network expanded to Lisbon, hosted at the @gnosisDAO office.
20/ @SuccinctLabs introduced data confidentiality to OP Succinct, enabling institutions to keep transactions confidential while settling to Ethereum.
21/ @HardhatHQ 3 became stable, bringing Solidity tests, multichain support, a Rust-powered runtime, a revamped build system, and Hardhat Ignition for deployments.
22/ The inaugural @ethconf, in NYC, brought together thousands of founders, industry leaders, and builders to discuss building on top of Ethereum.
23/ @EthPrague brought Ethereum builders together in Prague to discuss protocol development, privacy, culture, and long- term societal impact.
24/ @ETHGlobal introduced a new format where, for the first time at an ETHGlobal hackathon, projects do not have to begin from zero.
Who said NFTs were dead? 🐧 Pudgy Penguins just landed trading cards at Target stores nationwide and honestly this crossover into physical retail is lowkey genius. The normies are about to find out. Who's grabbing a pack? #PudgyPenguins
.@hwwonx has been a steadfast contributor to the Ethereum ecosystem for a decade. I still remember her early days in the Ethereum research community, first outside the Foundation and then inside it, and the thought and care she put into making Ethereum research and consensus work more organized and legible. At the same time, she put a lot of work into building an excellent Ethereum community in Taipei, with people and events that were among my favorites.
Last year she, along with @tkstanczak, voluntarily took on the burden of what is perhaps the most challenging position in the Ethereum Foundation, at one of the most challenging times for Ethereum - and realistically, a challenging time for all of humanity. She handled the task skillfully and gracefully, and has constantly strived to find and insist on outcomes that are right both for the Ethereum protocol and for the human beings that build and maintain it.
I look forward to her next adventures.
https://t.co/yaJsdlvDU4
🌐🤝 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
The CFTC just poached a blockchain forensics expert from the SEC's crypto crew… are regulators finally getting serious about understanding the tech before swinging the hammer? 👀 #crypto Thoughts?
The crypto space never sleeps and today was packed with moves I didn't see coming 🔥 Always something wild happening when you least expect it. Anyone else keeping up with all these developments? #crypto
The crypto space never sleeps and today did NOT disappoint 🔥 So much happening under the radar that most people are missing. Are you actually paying attention to what's moving? #crypto
Over the past year, many people I talk to have expressed worry about two topics:
* Various aspects of the way the world is going: government control and surveillance, wars, corporate power and surveillance, tech enshittification / corposlop, social media becoming a memetic warzone, AI and how it interplays with all of the above...
* The brute reality that Ethereum seems to be absent from meaningfully improving the lives of people subject to these things, even on the dimensions we deeply care about (eg. freedom, privacy, security of digital life, community self-organization)
It is easy to bond over the first, to commiserate over the fact that beauty and good in the world seems to be receding and darkness advancing, and uncaring powerful people in high places are making this happen. But ultimately, it is easy to acknowledge problems, the hard thing is actually shining a light forward, coming up with a concrete plan that makes the situation better.
The second has been weighing heavily on my mind, and on the minds of many of our brightest and most idealistic Ethereans. I personally never felt any upset or fear when political memecoins went on Solana, or various zero-sum gambling applications go on whatever 250 millisecond block chain strikes their fancy. But it *does* weigh on me that, through all of the various low-grade online memetic wars, international overreaches of corporate and government power, and other issues of the last few years, Ethereum has been playing a very limited role in making people's lives better. What *are* the liberating technologies? Starlink is the most obvious one. Locally-running open-weights LLMs are another. Signal is a third. Community Notes is a fourth, tackling the problem from a different angle.
One response is to say "stop dreaming big, we need to hunker down and accept that finance is our lane and laser-focus on that". But this is ultimately hollow. Financial freedom and security is critical. But it seems obvious that, while adding a perfectly free and open and sovereign and debasement-proof financial system would fix some things, but it would leave the bulk of our deep worries about the world unaddressed. It's okay for individuals to laser-focus on finance, but we need to be part of some greater whole that has things to say about the other problems too.
At the same time, Ethereum cannot fix the world. Ethereum is the "wrong-shaped tool" for that: beyond a certain point, "fixing the world" implies a form of power projection that is more like a centralized political entity than like a decentralized technology community.
So what can we do? I think that we in Ethereum should conceptualize ourselves as being part of an ecosystem building "sanctuary technologies": free open-source technologies that let people live, work, talk to each other, manage risk and build wealth, and collaborate on shared goals, in a way that optimizes for robustness to outside pressures.
The goal is not to remake the world in Ethereum's image, where all finance is disintermediated, all governance happens through DAOs, and everyone gets a blockchain-based UBI delivered straight to their social-recovery wallet. The goal is the opposite: it's de-totalization. It's to reduce the stakes of the war in heaven by preventing the winner from having total victory (ie. total control over other human beings), and preventing the loser from suffering total defeat. To create digital islands of stability in a chaotic era. To enable interdependence that cannot be weaponized.
Ethereum's role is to create "digital space" where different entities can cooperate and interact. Communications channels enable interaction, but communication channels are not "space": they do not let you create single unique objects that canonically represent some social arrangement that changes over time. Money is one important example. Multisigs that can change their members, showing persistence exceeding that of any one person or one public key, are another. Various market and governance structures are a third. There are more.
I think now is the time to double down, with greater clarity. Do not try to be Apple or Google, seeing crypto as a tech sector that enables efficiency or shininess. Instead, build our part of the sanctuary tech ecosystem - the "shared digital space with no owner" that enables both open finance and much more. More actively build toward a full-stack ecosystem: both upward to the wallet and application layer (incl AI as interface) and downward to the OS, hardware, even physical/bio security levels.
Ultimately, tech is worthless without users. But look for users, both individual and institutional, for whom sanctuary tech is exactly the thing they need. Optimize payments, defi, decentralized social, and other applications precisely for those users, and those goals, which centralized tech will not serve. We have many allies, including many outside of "crypto". It's time we work together with an open mind and move forward.
Geopolitical risk is quietly creeping back into BTC price action. A US-Iran deal collapse could trigger serious volatility with momentum already thin. Macro factors are driving crypto more than ever. #Bitcoin
Anyone else tracking this closely?
I’ve been in crypto for 9 years.
I’ve survived multiple bull and bear markets.
When the dust settles, the wealth will flow to those who stayed when it was hard & boring.
We're still early.
Being this early is painful. But it pays.