Ryan Berckmans

Coinbase and Tether build their futures on eth (and tron, for tether), while mostly promoting and investing in BTC instead of ETH

The public *might* follow their lead to buy BTC

But institutions *must* follow their lead to build on ethereum

Fascinating

"We are enabling millions of Coinbase [CEX] users to trade dexes on Base"
- Coinbase exec just now

So the main custodial coinbase account will be the ethereum wallet

Bears in disbelief 😂🫵

In the coinbase livestream today, we've heard many words like "EIP" and "Base L2"

But not sure they've said "ethereum"

Remarkable how CB and Tether run on eth but often go out of their way not to mention it

Onchain growing too fast - avoiding saying "ethereum" is unsustainable

"There's going to be a 1% cash back reward for anybody who pays in USDC [on Base on Ethereum]"
- CEO of Coinbase just now

Whole new categories of onchain bears chewed up today

Crypto payment bears said that onchain was stupid because transactions aren't reversible and don't support high level flows

We told them those high level flows would eventually just be coded onchain

Coinbase and Shopify launching that today on Base on Eth

Bears 😂🫵

"We're here. It's all coming together now."
- Shopify CEO rn speaking to Coinbase CEO on USDC ecommerce payments on Base L2 on Eth

Bears in disbelief

the dope ETH oil droplet from the report is available high res transparent
http://ethdigitaloil.com/oildrop.png

also high res cover images
http://ethdigitaloil.com/cover.png
http://ethdigitaloil.com/cover.jpg

Those weeks where decades happen are happening right now.

The previous administration dramatically suppressed onchain growth. Demand became coiled like a spring. Now unleashed. Tomorrow will be incredible.

There's never been a more important time to be strapped in.

Immensely proud of us. Best is yet to come. The ticker is ETH

How it started How it's going

I'm 90%+ ETH, but another project I'm very excited about is World Coin

imo you won't find a token other than WLD (besides ETH) with such an incredible medium/long term setup
- exposure to sama and a possible future openai integration
- 12M verified users (orb eyeball scan; private by default stack using zk, non-custodial)
- 27M total users
- orb factory coming online in Texas. They plan to have more orbs in just America by end of year as they had lifetime internationally so far. "Signup within a 10-minute drive for all Americans"
- orb mini, a phone-sized device to let people onboard communities as a small business
- world superapp's mini app store hypergrowing. mini apps opened 29M times last week
- tinder and razer gaming joined last month as customers for proof of humanity. payment for this service is in WLD. amazingly, these customers also drive demand for World signups. everybody needs proof of humanity and wants their customers to get it. flywheel
- a16z and Bain invested ~$135M in a market price purchase of WLD a couple weeks ago
- current fdv is less than 4% of eth. but world will grow to hundreds of millions and then billions of users, and have huge global demand for proof of humanity as a service. the world mini app crypto native economy is going to be the largest globally by verified users (is already afaik)
- an underappreciated thing about wld unlocks is a huge % of the fdv is earmarked for future human onboarding (~40% fdv), so the token only fully dilutes as the network succeeds massively, unique in industry
- downward PA for WLD this cycle being reversed in fundamentals. World Chain is only 7 months old. Mini apps even younger. Hence a16z timing

I'm not going to bullpost WLD too often. Growth and PA will speak for itself. But if you're a patient holder, now's the time to start a DCA.

Advocating for your own token is a superpower

Look how far ghost chains get on token hype alone. XRP, ADA are trash-grade L1s with a combined fdv of $257B

ETH has begun to tell its own story, few understand how big an impact this will have

One of my favorite growth metrics is RWAs excluding t-bills. Up +48% YoY on eth L1

Ethereum is building a broad and deep onchain economy

Vivek from Etherealize is testifying to Congress next week

Also testifying are Uniswap's Chief Legal Officer, a Former CFTC Chairman, and a Former SEC Commissioner

Probably something
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=409741

Eth's focus on decentralization targets the 0.01% worst-case scenarios that hopefully never happen

Real risks for institutions include war, 0-day bugs, state coercion, and an alt L1 colluding with their competitors. Not rare sequencer downtime

Ethereum L1+L2 minimizes real risk

Thanks to the GENIUS Act, stablecoins are about to explode

That's amazing for Ethereum's 65% market share