When you build category-defining products, you get a front-row seat to watching them get copied. We co-built @Goodies - the Telegram sticker launchpad on TON. Among the first to ship NFT 2.0, official drops for Lamborghini, Kung Fu Panda x Pudgy Penguins, Doodles and more. 3M TON locked. Now everyone wants in. Flattering. We don’t chase trends. We build the thing others copy.

The guy whose company owns the @NYSE just said an 11-person DEX is bigger than NASDAQ. That's Jeff Sprecher at Bernstein this week, talking about @HyperliquidX. HL is one of the most interesting bets in crypto and even Sprecher's realizing it. Btw we're building on Hyperliquid right now with a client.

Frontendmasters dropped its Claude Code course free. With incredible teacher Lydia Hallie. Ex-Prisma, ex-Vercel, ex-Bun head of DX. Now at Anthropic. The people who shaped the last decade of developer tooling are at the labs building dev-facing AI right now. Great resource. Hard to find this caliber for free.

Last week someone at @kotlinconf showed what happens when you ask an AI to write code without giving it any context. The model answered confidently but obviously in the wrong direction. That's the ceiling on AI quality we see for most teams. The model is the least interesting variable. What makes the output excellent is the harness around the call. The retrieval layer that pulls the right files, and the state layer that knows what got tried last week. Building that harness is most of what we work on for AI products.

A token surfaced in one of our trading-signal feeds this week with a peak gain near 300,000%. Before anything else, someone had to decide whether that number was real or garbage. It was garbage. A thin pool and a decimal mismatch produced a price that read like a 3,000x and meant nothing. The bulk of the work in a real-time signal product is throwing out lies like that. We reset the same feed again after another fix for extreme price prints off EVM chains, because the ways raw onchain data lies keep changing. Ship one 300,000% phantom to a user as a "buy signal" and you have taught them to ignore the next real one.

Sponsoring ETHPrague 2026. Easiest yes of the year.

🔹 @jbaylina & @VitalikButerin at ETHPrague ☀️

🤣

The place is incredible! @EthPrague

We think you know this one! @cleevio is now a Photon Sponsor of ETHPrague 2026! CleevioX builds blockchain and fintech products for founders and institutions who want experience they can actually build on. 🇨🇿 Prague-based, ecosystem-native, and a familiar face in our community. Glad to make it official 🙌

We've planted some meme stickers at Obecní dům for this weekend. Will you catch them all? Our team is looking forward to meeting everyone!

.@prophetmarketai launched an AI-driven prediction market this week with a $10K seed tranche. Its own market is pricing 100% YES that the FDV crosses $100M one day after launch, up from 82% seven days ago. The AI agents inside the platform are doing most of the price discovery on that question, which is roughly the point. AI agents trading prediction markets is the cleanest "AI x crypto" surface we've seen so far. Autonomous capital settling onchain against real-world oracles, and no human signs the trade. The fight to watch is whether AI agents become the marginal trader in prediction markets. Prophet's $10K tranche is a small wager on whether that happens within the year.

UnBundled lands in Prague on May 12 with a stacked lineup. We're a community partner. Gareth Wals (ex-SumUp CEO). Dann Bibas (Wise/a16z). Avi Arnon (Citi Ventures). David Durouchoux (SocGen Forge). Christian Niedermueller (ex-KuCoin COO). And more. Format is working-session-heavy. Builder debates, live playbook tear-downs, partner labs with the people who bring distribution and capital, demos. Catch us there. Link in comment.

Anthropic priced at $1T last week. With OpenAI and SpaceX, that's $3.7T in private valuation across three names. Without onchain instruments, those numbers would only update once a quarter when funds remark their books. The cadence was designed for a private equity world where the largest names sat below $50B. Tokenized SPVs are wrappers around equity in pre-IPO companies that trade onchain. They've been doing the price discovery for months.

Been going to ETHPrague every year. Figured it was time to put something in. See you all in May!