@Killer_Frogs Nothing this is still a poorly coached team except for our Defense. And including BYU we haven’t actually played an elite offense yet. Here is what I suggest. Avalos to HC Sonny to retirement. Buddy to janitor, Pullin to SMU.
Stocks are at all-time highs.
They are also the cheapest they've been relative to growth expectations in 30 years.
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A bizarre setup we covered in this week's edition of TDR Pro.
We also covered the setup across the crypto ecosystem and shared why we think peak macro risk is now behind us.
If you'd like to access the report and gain access to our portfolio + receive alerts when we make changes, see below to get one month free 👇
A 118-year-old asset manager just made @ethereum the legal record of ownership for an actively managed bond fund.
Active credit management, a UK-regulated fund, and the register of record on a public network.
That's the single source of truth, in production.
Positive news highlight for ETH:
1/ Institutional demand for BlackRock's ETHB staking product expands under the SEC Innovation Exemption: 6 consecutive days of spot ETF inflows ($86.95M, led by BlackRock's ETHA).
2/ Core developers continue implementing Lido's on-chain validator consolidation ahead of EIP-7251 (MaxEB), reducing consensus layer p2p messaging overhead by up to 40%.
3/ Ethereum closing out late September in positive territory, breaking the sector's historical seasonal downturn (+9%).
Vitalik is charting the path toward an Ethereum built for a new scale of economic activity, with agents increasingly interacting directly with the network.
This is critical to the agentic financial big bang I wrote about last week. Machines will transact at a scale and frequency humans never could, unleashing an explosion in financial activity.
Ethereum is engineered to power that future.
Our thesis that Ethereum will become the world's financial settlement layer is taking a leap forward.
@VitalikButerin lays outs an architecture enabling improved verification, privacy, scalability, and built in flexibility.
Our bet is on the “cryptographic world computer."
VITALIK JUST REVEALED ETHEREUM’S 2030 ENDGAME
Today, thousands of computers repeat the same work to verify Ethereum.
The future flips that model: machines perform different work in parallel, then use cryptographic proofs to prove the results are correct.
That could turn decentralization from a scaling cost into a scaling advantage.
After Hegotá, Ethereum’s roadmap shifts toward:
🔹 Far more computation at lower cost
🔹 Privacy built into the network
🔹 Mathematical proofs replacing repeated execution
🔹 Automated security verification
🔹 Protection against quantum computers
PeerDAS began the transition. Hegotá could be Ethereum’s final “normal” upgrade.
What follows is what Vitalik calls the “cryptographic world computer”: cheap, scalable and private computation that anyone can independently verify.
That is a much bigger vision than simply making Ethereum faster. $ETH
Vitalik vision, through a purely financial lens.
If delivered:
• Lower costs to run financial products.
• More sophisticated lending, trading + collateral management.
• Greater privacy for sensitive financial information.
• Security designed to withstand future attacks from quantum computers.
• Capacity for much more financial activity to settle on $ETH
A (much) bigger addressable market, with infrastructure built for the long term.
If you manage money, this deserves a few minutes of your time.