The current stage of Web3 needs not more investment, but better quality selection Today, capital shapes the market far more than technology does Whatever gets funding, attention, and liquidity becomes the industry standard That’s why the responsibility of funds is not just to chase growth, but to set the bar We see the key risk in Web3 right now not as a lack of ideas, but as an oversupply of weak solutions being scaled too early Products without sustainable economics Infrastructure without real demand Decentralization without necessity Strong projects don’t start with a token or with marketing They start with a clear understanding of the problem, thoughtful long-term architecture, and the ability to survive adverse cycles It’s exactly those teams and those approaches that matter in the long run The market will cleanse itself The question is not whether it will happen, but who will pass through the filter We are betting on deliberate selection and long-term resilience, not on speed and noise

⚡️ NEW: Nasdaq launches the Nasdaq Economic Institute, with AI as its first major research focus.

Excited to be growing our relationship with Proshares. Proshares is a leader in the leveraged ETF industry, and a big driver of volume/liquidity to crypto (and Coinbase Derivatives). Looking forward to working more together!

🔥 NEW: Dell stock is up 80% since President Trump told people to "go out and buy a Dell" on May 8th, adding $120B in market cap, per The Kobeissi Letter. The surge followed a $9.7B Pentagon contract win and stronger than expected earnings.

🚨 UPDATE: Anthropic says it expects to bring Mythos-class models to all customers in the coming weeks.

LATEST: 🇺🇸 Senator Cynthia Lummis is urging passage of the CLARITY Act, warning that failure to pass it would leave software developers exposed to prosecution "just for publishing code."

If you have API keys in your code, even private repos, now is the time to double check and change them...

🇺🇸 TODAY: The CFTC has sued Minnesota after the state passed the first outright ban on prediction markets in the US, set to take effect on August 1.

Probably nothing. $BTC

🔥 JUST IN: Strive bought 382 $BTC for $30.3M, lifting total holdings to 15,391 $BTC.

🚨 JUST IN: Over $526M were liquidated from the crypto market in the past hour, with longs taking the hardest hit at $510M as $BTC dropped to $77K.

Strategy has acquired 535 BTC for ~$43.0 million at ~$80,340 per bitcoin and has achieved BTC Yield of 9.4% YTD 2026. As of 5/10/2026, we hodl 818,869 $BTC acquired for ~$61.86 billion at ~$75,540 per bitcoin. $MSTR $STRC strategy.com/press/strategy-…

We experienced an outage at Coinbase last night, which is never acceptable. The root cause was a room overheating in an AWS datacenter when multiple chillers failed. We design our services to be redundant to downtime in any one AWS Availability Zone (AZ), and most of our systems worked this way last night, but not all. Our centralized exchange did not. Exchanges have unique architectures that optimize for latency and co-location of clients. It is possible to make exchanges resistant to AZ failures, but this can introduce latency delays that are not desirable along with breaking customer co-location. Given this incident, we'll revisit these tradeoffs to ensure we're giving you the best possible venue to trade. At a minimum, the duration of an outage should be able to be reduced considerably when an AZ move is needed. Thank you to the AWS and Coinbase teams for working through the night to mitigate the issue. We’ll share the detailed technical summary once it's ready.

There’s a generational shift happening, and Coinbase is uniquely positioned to capture it: 1) The onchain economy has reached escape velocity 2) Coinbase's full stack platform is powering it 3) The next frontier is agentic and on Coinbase Our thesis is simple: crypto is the best form of money, and the infrastructure will overhaul the existing financial system. If it involves money, it will involve crypto. Coinbase is uniquely positioned to capitalize on this transformation. Some highlights from our earnings today: - Gained share in both spot and derivatives globally, reaching an all-time high in crypto trading volume market share - Saw huge growth in derivatives trading volume, driven by our Everything Exchange - 10x increase in stablecoin transaction volume on @base - USDC on our platform hit another all-time high - >90% of onchain agentic stablecoin transaction volume is on Base - 12 consecutive quarters of net native unit inflows- customers have been adding more crypto to Coinbase every quarter

🚨 NEW: The amount of ETH waiting to be unstaked has spiked 72,000% in the past 2 weeks.

This is not a President saying this conflict is over. This is a lawyer, trying to circumvent a 60-day timer. By claiming the "previous hostilities" would not be related to the next ones and that the 'ceasefire' somehow resets the clock.

A written summary of my keynote: The Digital Transformation of Capital, Credit, and Money $STRC

TODAY: New Chainlink integrations ↓ • @alpendhq: Data Streams to power its privacy-preserving credit markets with fast pricing data. • @RavenMarkets: Data Streams to unlock accurate resolutions & deterministic settlements for its time-bound options market. LINK everything.

🇺🇸 BIG: Morgan Stanley launches the Stablecoin Reserves Portfolio, a government money market fund for stablecoin issuers to park reserves under the proposed GENIUS Act.

🔥 BIG: Crypto funds saw $1.4 billion in inflows last week, the highest since January, led by $1.1 billion into Bitcoin as total AUM climbed to $155 billion.