Been glued to my screen all day watching the market move ๐ So much happening across the space right now it's honestly hard to keep up. Feels like we're building momentum into something big.
Who else is paying attention? #Crypto
22-year high in bond yields and BTC pumping to $80K? Yeah, that's not supposed to happen on paper... but here we are. Macro playbook is officially broken. Still stacking though, can't lie. Am I crazy? #Bitcoin
$97M in 24 hours from two crypto billionaires to Reform UK โ matching the biggest individual political donations in UK history. Crypto money is no longer lobbying quietly, it's buying seats at the table. Signal or overreach? #crypto
Wild seeing Amodei, Altman and Musk actually agree on somethingโฆ slowing down AI. Part of me smells strategy from the incumbents, but if even they're nervous, maybe decentralized AI + crypto rails matter more than ever. Bullish long-term. Thoughts? #AI
yo Circle just dropped $400M on Tazapay lol, basically buying their way into emerging markets instead of grinding for years. smart move tbh, Tether's been dominating that space forever. can USDC actually catch up? ๐ #USDC
Honestly the daily crypto recap articles are starting to feel like a blur lately, but I still can't stop refreshing them every morning. Something about this cycle keeps me hooked even when nothing wild is happening.
Anyone else addicted to the noise? #crypto
Robinhood printing a 61% crypto volume jump in August but still bleeding 38% YoY tells you everything about this market cycle. Retail is peeking back in, not stampeding. The real wave hasn't hit yet. Who's ready? #crypto
flight delayed 3 hrs. silver lining: 180 min to rebuild my watchlist. cut 4 names with declining volume, added 2 with steady accumulation over the past 30d. lounge coffee is mid but the wifi actually works
Maharashtra's GDP sits around $500B, bigger than most countries. If they actually tokenize power grid assets, that's a serious RWA pipeline flowing on-chain. India quietly building while others debate regulation. Bullish signal? #RWA
This is the new EF Mandate.
For many of you, the contents should be no surprise, and a clarification along the lines that we have been going and thinking for the past few months. But the clarification is nevertheless worth making.
Ethereum is a unique object and has a unique role in the world. Its role is to be a sanctuary technology, to preserve technological self-sovereignty, to enable cooperation without coercion, domination or rugpulling, and to provide an escape hatch, to ensure that no single person, organization or ideology's victory in cyberspace can be total.
The Ethereum Foundation is a steward of Ethereum - the original steward, and today, the steward specifically dedicated to preserving and expanding the above aspects of Ethereum. This means a heavy emphasis on CROPS (censorship and capture resistance, open source, privacy, security), both at the protocol layer, and at the access layer, user-facing applications and tools that we create or contribute to.
There are things that we do in Ethereum because we believe that they are valuable for the underlying goals that we have for Ethereum. There are things that we do not do because from the perspective of our values we find them uninteresting (or worse, harmful). But there are also things that we do not do because while they are useful, they are not our role.
At the Ethereum protocol layer, we focus on decentralization, verifiability, inclusion guarantees, protocol liveness, security and privacy first and foremost. We also value capabilities (eg. L1 scale, account abstraction, perhaps some forms of in-protocol aggregation), particularly because improvements in these capabilities better enable users to properly benefit from Ethereum's CROPS properties and displace the need for higher-layer intermediaries that might weaken the extent to which Ethereum's properties carry over into the full stack.
We also believe that the Ethereum protocol must strive to pass the walkaway test. "We do X to specialize to serve the use cases of today, if more use cases appear later, we will continue to keep adding more EIPs for them later" is logic fit for many other blockchains whose names you hear often on this forum, but we do not believe it is logic fit for a decentralization-first blockchain like Ethereum.
At the application layer, we focus on making "the zero option" - user experience that goes hard on ensuring security and privacy, avoiding dependence on intermediaries, and respecting the user's agency - as high quality as possible. We see this as complementary to work in the Ethereum ecosystem that "goes broad", starting from the world that it exists, and brings it onchain and improves its properties over time. Such work has its natural home outside the EF. We intend to be supportive of such efforts. We believe that the two are complementary: tools that are developed within the EF can be adopted by anyone, including partially, and even partial adoption that improves people's security, privacy and agency is a good thing.
But the form of user experience that is more heavily insistent on CROPS properties is where we want the EF to develop its center of expertise. This does not mean shrinking from the hard questions. We believe in a vision of self-sovereignty that protects users, and does not leave users in the cold to face environments where they lose their life savings if they make a mistake, and click "yes" on a confirmation screen by accident two seconds after. But such protection must be designed based on a philosophical baseline of empowering the user, not empowering centralized organizations that claim to act in the user's name. This quadrant of design space - caring about users' (including non-experts') well-being and safety, and yet insistent on doing this in a way compatible with their agency and freedom, is underserved (not just in crypto, but in the world). We wish to use Ethereum as a platform to build out and showcase this quadrant, and ideally work with others to expand its reach over time.
This is also a new chapter in how we see our position in the world. We must see ourselves not just as the Ethereum community, but also as maintainers of the Ethereum tool within what you might call the CROPS community or the sanctuary tech community, or a dozen of other words that have for a long time been used by people with similar values to us but far outside Ethereum. This means open-mindedness to new conceptions of what things in the world are our natural allies.
Ethereum is not the world. Ethereum is a specific object in the world that is here to have specific properties. The Ethereum Foundation is a specific organization within Ethereum - one steward, not the sole one.
I encourage all to read the mandate in detail; it includes concrete examples of how we intend to deal with the challenges and nuances of these ideas. We are doubling down on Ethereum and are excited about its next chapter.
Every cycle feels louder, yet the signal underneath stays the same: people searching for something outside the old system. Headlines change daily, but the underlying shift is generational.
Are we watching a market or a migration? #crypto