Hey everyone — hope your week’s been solid so far.
Even if crypto’s been loud, chaotic, or confusing, I hope you’re finding your own rhythm in the middle of it.

Today, I’m keeping things simple: a quick check-in with you all, and then straight into what’s causing all the noise on the timeline.

Because like it or not, the entire space is arguing today — and for once, it’s not pointless drama.

Two of the sharpest minds in crypto — Santiago R. Santos (@santiagoroel) and Haseeb Qureshi (@hosseeb) — are going head-to-head in a live debate.

Why?
Because the entire industry is split on one question:

Are L1s fundamentally overvalued… or are people massively underestimating them?

Santiago thinks people are blindly pumping L1s with no real valuation logic.
Haseeb thinks that take is lazy and ignores how ecosystems actually grow.

ThreadGuy is hosting the debate on Twitch today, and it’s already shaping up to be the biggest narrative fight of the week.

No hype, no vibes — an actual, structured debate with two people who know their shit.

I’ll be watching it live and breaking the whole thing down for you:

• who had the stronger argument

• where the logic actually holds

• what parts are pure cope

• and how this shapes the next wave of discussion around L1s

More soon.

— C. Scott News (CSN)

If you enjoy these breakdowns, hitting Support or Subscribe helps CSN grow and keeps the research flowing.