good mornington,
turns out the atlantic’s jeffrey goldberg accidentally got added to trump’s war cabinet group chat thanks to what might be history’s most geopolitically significant fat-finger. one minute he’s presumably doing whatever atlantic editors do (sipping an oolong?), the next he’s getting real-time yemen strike updates with 🔥🔥 reactions—like someone added him to a fantasy football group chat, but for air raids.
this all happened on signal, btw. yes, signal—the app marketed as a safe haven for whistleblowers and horny anarchists—apparently also the stage for america’s most delicate military ballet. at this rate, wouldn’t be shocked if the nuclear codes are just pinned in a discord server called “boom-boom-room” between the gm-gn bot and a pepe sticker pack.
and while the pentagon was hosting its bring-your-journalist-to-war day, i personally spent three hours losing a cold war to my apartment keypad—currently protected by more encryption than yemen’s entire airspace.
in crypto, markets keep doing market things—but honestly, who can focus on charts when the national security apparatus is run like a suburban mom group text. if anything, this proves CT and the deep state aren’t so different: both run on vibes, delusion, and group chats that really should not exist.
which is comforting, in a way. because if you’re out here coining content and tokenizing the world, you’re not the most deranged person online. not even close.
anyway, enjoy some mostly accurate reporting below.
xx, c
Privy raised $15M from Ribbit Capital, bringing their total onboarded accounts to 50 million across 800 live products (a number so suspiciously round). Rainbow Wallet launched a token launchpad. Streetwear icon Bobby Hundreds has somehow parlayed his nft enthusiasm into a VP role at Disney. Solana released an ad so controversial it caused CT to experience a rare moment of unity through collective outrage. Pump rolled out their AMM, doubling down on the "fat app thesis" and Pudgy Penguins' filed for an ETF in what appears to be more marketing stunt than serious application. Farcaster launches Snapchain data layer. Fidelity plans to launch its own stablecoin. Polymarket launches on Solana. Tornado Cash soars as U.S. lifts OFAC sanctions.
Meanwhile, OpenAI launched GPT-4o with image generation capabilities, meaning your ai assistant can now not only hallucinate facts but also create convincing visual evidence to support those hallucinations. Nick Dobos helpfully exposed that the future of AI can generate shirtless men with well defined abs , but clutches its digital pearls at the mere suggestion of a woman being "sexy." Sam Altman—who is running his Twitter with the same exacting oversight he applies to AI safety—responded with the PR equivalent of "oopsie thats a bug will fix" before immediately undermining his own professional gravitas with "hot guy though!"
>be me
>grind for a decade trying to help make superintelligence to cure cancer or whatever
>mostly no one cares for first 7.5 years, then for 2.5 years everyone hates you for everything
>wake up one day to hundreds of messages: "look i made you into a twink ghibli style haha"
>grind for a decade trying to help make superintelligence to cure cancer or whatever
>mostly no one cares for first 7.5 years, then for 2.5 years everyone hates you for everything
>wake up one day to hundreds of messages: "look i made you into a twink ghibli style haha"
13.9K
And lastly, Nikita Bier, best known for creating apps that make teenagers feel inadequate about their appearance, has joined Solana as an advisor so now he can make men in their 30s who trade shitcoins also feel inadequate but on mobile!
Privy's path to 50M accounts: the evolution of crypto onboarding
six months ago, we were asking if another narrative would emerge. now we’re asking where to even look—because there’s too much happening at once. on Internet Explorers, max from privy explained how the company, now powering 800 live products and over 50 million accounts, just secured $15M to make onboarding into crypto actually tolerable.
the big shift? traditional fintechs are no longer laughing crypto out of the room. “a year ago, if i pitched crypto at brex, i’d get laughed out the door. now every company that looks like brex, mercury, or ramp is doing stuff in crypto,” max shared.
real use cases are what’s driving this: take dolarapp—a latin american neobank running entirely on crypto rails. users convert argentine pesos into stablecoins and spend in dollars. elegant, tangible, working.
but the biggest challenge remains: getting assets into wallets without making users feel like they’re defusing a bomb. seamless sign-ins, asset loading via apple pay, and one-click transactions are still not the norm. that’s why things like earning on farcaster or rodeo are promising—they offer alternative on-ramps that bypass the “buy-usdc-first” bottleneck.
privy’s vision for cross-app wallet experiences is also materializing. farcaster wallets now travel across apps. abstract wallets work by default across abstract’s ecosystem. and with 70k funded wallets, abstract is already well past the “best case scenario.”
Designing tokens people actually want
meanwhile, token models are under the microscope. if your best holders should’ve dumped on day one, are you actually setting yourself up to win long-term?
a growing chorus is calling out the flaws—liquidity mining, farmable airdrops, and inflated vanity metrics. crypto’s often a mile wide and an inch deep.
and it’s not just performance—it’s fundamentals. too many tokens lack revenue sharing or value accrual. projects born in the gensler era are now waking up to a new challenge: escaping both regulatory caution and the bad tokenomics they inherited.
the convo is shifting to first principles: what is the token for? who should hold it? how does it capture value? teams like zora—with strong brands and crypto-native DNA—are leading the charge toward more resilient designs.
the hope? a novel token model that breaks the current mold. something people want to buy, not just farm and forget. the appetite for new design space is real. people are bored of the same tired drops.
and maybe, just maybe, crypto can do what the nyse claims to: “offer every individual the chance to benefit from success.” except this time, with fewer middlemen, and more upside for actual participants. abundance over access. substance over hype.
let’s see if we get there.
Live & online Fridays at 10am PT / 1pm ET.
my friend just told me she got set up on a date in SF and then found out the friend that set her up with the guy got EQUITY IN HIS COMPANY in return
hey boss can i head out early i wanna go home to do some arts and crafts
every time michael saylor posts a video from his house I think of the 90s tuscan kitchen decor. terracotta and grape vibes baby, lets go
guy who got lucky on a meme coin has thoughts about macro economics
The very best applications will verticalize into their own ecosystems, but most apps do not have the critical mass to do so and will still nest under a chain ecosystem.
As a chain you win by giving apps an unfair advantage with GTM or simply better service via venture support.
As a chain you win by giving apps an unfair advantage with GTM or simply better service via venture support.
we've been heads down on some foundational @seedclubhq upgrades so have been quiet about what's next for our accelerator, but we're still very active and i'm fkn amped on the teams we've backed since our last cohort...
@kizzymobile social media betting
@simcluster multiagent
@kizzymobile social media betting
@simcluster multiagent
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this reads as zora sponsored article if only we had that novel token model... oh wait, it launched last fall and did broke the mold, actually leading the change toward more resilient design since and with a much better equipped team, bootstrapped on the value they've been giving out don't look for hope, study clanker https://paragraph.xyz/@seedclubhq/if-he-wanted-to-add-you-to-war-room-gc-he-would?referrer=0xbAba775A0400A5E442335CEaa4820eDb1DeD8f73
almost afraid to post this because of how many people and VCs out here are involved with zora but this is pure made up copywriting to boost value of zora for the coming token launch
expected more from the seed club
https://paragraph.xyz/@seedclubhq/if-he-wanted-to-add-you-to-war-room-gc-he-would