Headlines

Adam Forsyth

DOG Mode opens a new front in Bitcoin’s governance fight

Bitcoin Ordinals advocate Leonidas has introduced DOG Mode, an alternative open-source Bitcoin client that changes how nodes relay certain valid transactions without altering Bitcoin’s consensus rules. Summary DOG Mode removes default relay limits while keeping Bitcoin’s existing consensus rules completely unchanged today. Leonidas says fee-paying users should access block space without Bitcoin Core deciding transaction…

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FTX sets $900M creditor payout as SBF clemency push loses support

FTX will begin its fifth creditor distribution on July 31, sending nearly $900 million to eligible claimants under its court-approved recovery plan. Summary FTX will distribute nearly $900 million to eligible creditors beginning July 31 through approved providers. The fifth payout round pushes total creditor distributions to about $10 billion since FTX collapsed. Bankman-Fried faces…

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Hyperliquid’s Jeff Yan warns crypto is losing its brightest minds to AI

Hyperliquid co-founder Jeff Yan has warned that crypto’s failure to attract enough top entrepreneurs has become one of the industry’s biggest obstacles as young talent moves toward artificial intelligence. Summary Jeff Yan says crypto is struggling to attract top young entrepreneurs. AI’s prestige and rapid growth are pulling talented founders away from on-chain finance. George…

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Hoskinson wants Bitcoin’s money on Cardano

There is $1.6 trillion in Bitcoin sitting idle, earning nothing, doing nothing. Charles Hoskinson has a plan to put it to work on Cardano, and the plan quietly requires every transaction to burn a little ADA. Whether that saves Cardano or exposes its central problem is the whole question. Summary Cardano founder Charles Hoskinson has…

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a16z Reveals What TradFi Really Wants From Blockchain

Institutional adoption may be a big opportunity, but a16z said that it is not simply an extension of DeFi. TradFi institutions are adopting blockchain to improve their existing operations, not because they have embraced decentralization, venture capital firm a16z said in its latest report. The technology helps lower operating costs, speed up settlement, expand…

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Did L2s break Ethereum’s ultrasound money?

Ethereum’s best marketing line was that using it destroyed it, that every transaction burned ETH and shrank the supply. Then the network solved its scaling problem, activity fled to layer 2s, and the burn collapsed. The scaling worked. The scarcity did not survive it. Summary Ethereum’s “ultrasound money” thesis held that EIP-1559 fee burning would…

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