Last Update 11:49 PM January 11, 2026 (UTC)

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Sunday, 11. January 2026

a16z Podcast

Ben Horowitz on TBPN: Three Decades with Marc and Building for the Long Game

Following the announcement of a16z’s new fund, Andreessen Horowitz cofounder and general partner Ben Horowitz joined TBPN to discuss how Andreessen Horowitz has evolved its firm structure as technology becomes embedded across every sector of the economy. Ben reflects on which lessons from The Hard Thing About Hard Things still apply to founders, why entrepreneurship remains difficult at any scale,

Following the announcement of a16z’s new fund, Andreessen Horowitz cofounder and general partner Ben Horowitz joined TBPN to discuss how Andreessen Horowitz has evolved its firm structure as technology becomes embedded across every sector of the economy. Ben reflects on which lessons from The Hard Thing About Hard Things still apply to founders, why entrepreneurship remains difficult at any scale, and how long-term partnerships shape decision-making inside the firm. He explains the move toward specialized, independent investment teams, how a16z evaluates new markets, and why AI represents a generational technology shift that changes how companies are built and how investors operate. The conversation also lessons from prior technology cycles and bubbles, the role of public policy in sustaining innovation ecosystems, and how founders can navigate modern media attention and public discourse while building durable, long-term companies.

 

Resources:

Follow Ben Horowitz on X: https://twitter.com/bhorowitz
Follow John Coogan on X: https://twitter.com/johncoogan 
Follow Jordi Hays on X: https://twitter.com/jordihays

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://x.com/a16z](https://x.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Follow our host: https://x.com/eriktorenberg](https://x.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see http://a16z.com/disclosures.

 

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Saturday, 10. January 2026

bankless

The Anti-Authoritarian Tech Stack

Across the globe, new technologies are enabling oppressed peoples to circumvent government controls.
Across the globe, new technologies are enabling oppressed peoples to circumvent government controls.

Defiant

A16z Crypto Shares Three Crypto Predictions for 2026

The venture capital giant highlights prediction markets, zk-SNARKS, and ‘staked media’ as themes to watch.
The venture capital giant highlights prediction markets, zk-SNARKS, and ‘staked media’ as themes to watch.

Memecoin Market Cratered More Than 60% in 2025: Report

Dogecoin and Shiba Inu still account for the bulk of memecoin market capitalization.
Dogecoin and Shiba Inu still account for the bulk of memecoin market capitalization.

Friday, 09. January 2026

bankless

ERC-8004: AI's Social Credit Score

ERC-8004 launches January 16th, bringing onchain identity and reputation to autonomous agents. The machine economy's trust layer is here.
ERC-8004 launches January 16th, bringing onchain identity and reputation to autonomous agents. The machine economy's trust layer is here.

How Canton Network Works

The institution-friendly blockchain has drawn heavy criticism for its centralized design. Here’s a closer look at the network and its tokenomics.
The institution-friendly blockchain has drawn heavy criticism for its centralized design. Here’s a closer look at the network and its tokenomics.

BNY Launches Tokenized Balance Service

The largest custodial bank in the world is moving onchain.
The largest custodial bank in the world is moving onchain.

Defiant

Crypto Markets Edge Lower After US Jobs Miss Expectations

Bitcoin slipped under $91,000, while Ethereum and Solana dropped 1.5%.
Bitcoin slipped under $91,000, while Ethereum and Solana dropped 1.5%.

Polygon Leads Altcoin Surge With 15% Rally

POL. formerly MATIC, is soaring after the Polygon CEO shared the chain’s vision for its Open Money Stack.
POL. formerly MATIC, is soaring after the Polygon CEO shared the chain’s vision for its Open Money Stack.

bankless

Andreessen Horowitz Raises $15B for U.S. Tech Startup Dominance

The major venture firm raised over $15B, though no funds were earmarked for a16z crypto which last raised a new fund in 2022.
The major venture firm raised over $15B, though no funds were earmarked for a16z crypto which last raised a new fund in 2022.

Defiant

Truebit Hack Wipes Out TRU in First Major Exploit of 2026

Security experts warned that most hacked projects never fully recover after major attacks.
Security experts warned that most hacked projects never fully recover after major attacks.

a16z Podcast

Ben Horowitz on Raising a New Fund and How Venture Firms Scale

In this feed drop from Uncapped, Jack Altman sits down with a16z co-founder Ben Horowitz to unpack the founding bet behind Andreessen Horowitz. VC should be a better product for entrepreneurs, built on real operating experience, real networks, and real support. Ben shares how he and Marc Andreessen have worked together for 30 years, how they make decisions, and what it takes to scale a venture fi

In this feed drop from Uncapped, Jack Altman sits down with a16z co-founder Ben Horowitz to unpack the founding bet behind Andreessen Horowitz. VC should be a better product for entrepreneurs, built on real operating experience, real networks, and real support.

Ben shares how he and Marc Andreessen have worked together for 30 years, how they make decisions, and what it takes to scale a venture firm without losing the edge that actually helps founders. They also dig into why boards matter, how platform teams can change what partners do day-to-day, and the difference between “heat-seeking” investing and conviction-driven company building, especially in sectors like AI and crypto.

Timecodes:

00:00 Introduction 

01:05 Ben Horowitz & Marc Andreessen’s Partnership  

04:05 Building & Leading a16z  

07:16 Managing High-Powered VCs  

11:01 Boards, Governance & Founder Support  

15:36 Platform Services & Recruiting  

17:43 Scale vs. Concentration in Venture  

20:57 Why Venture Can Scale  

24:27 Platform Services: What Works and What Doesn’t  

27:50 The Real Value of Board Membership  

35:38 Media, Brand & Marketing Evolution  

41:32 The Future of Media & Journalism  

45:30 Limits on Venture Firm Size  

49:13 Winning vs. Picking Deals  

53:16 The Case Against Venture Scale  

55:49 Hiring Operators & Rethinking the VC Product


Resources:

Follow Ben on X: https://twitter.com/bhorowitz

Follow Jack on X: https://twitter.com/jaltma

Watch more from Uncapped: https://www.altcap.com/

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


bankless

Stablecoin Company Rain Raises $250M at $1.95B Valuation

The major round was led by the venture firm ICONIQ.
The major round was led by the venture firm ICONIQ.

Defiant

How Stablecoins Are Rewiring Global Payments | Borderless CPO Alex Garn

In this episode of The Defiant Podcast, Chris Storaker sits down with Alex Garn, Chief Product Officer at Borderless, to unpack how stablecoins are quietly transforming cross-border payments — and what it actually takes to move money at scale across jurisdictions.
In this episode of The Defiant Podcast, Chris Storaker sits down with Alex Garn, Chief Product Officer at Borderless, to unpack how stablecoins are quietly transforming cross-border payments — and what it actually takes to move money at scale across jurisdictions.

PIVX

PIVX Weekly Pulse (Jan. 2nd, 2025 — Jan. 8th, 2026)

PIVX Weekly Pulse (Jan. 2nd, 2026 — Jan. 8th, 2026) Your weekly PIVX briefing has arrived. We’re breaking down the latest market shifts, ecosystem news, and everything you might have missed in the last 7 days. Stay ahead of the curve. Market Pulse Masternode Count: The PIVX network reached a major milestone this week as active masternodes surged to 2,120, outpacing last week’s count
PIVX Weekly Pulse (Jan. 2nd, 2026 — Jan. 8th, 2026)

Your weekly PIVX briefing has arrived. We’re breaking down the latest market shifts, ecosystem news, and everything you might have missed in the last 7 days. Stay ahead of the curve.

Market Pulse Masternode Count: The PIVX network reached a major milestone this week as active masternodes surged to 2,120, outpacing last week’s count of 2,085. This growth reinforces network security and decentralization, with over 20% of the total circulating supply now locked in masternodes. Price Check: PIVX maintained its sideways trajectory this week, though the price action suggests a tightening of support. The Daily USD Value settled into a more focused corridor of $0.13 to $0.14. This steady performance lifted the weekly average to $0.1344, a consistent climb from the previous week’s $0.1293. Trading Buzz: While price action remained positive, trading activity saw a cooling period this week. Total weekly volume adjusted to $16.1 million, down from the previous week’s high of $24.5 million.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

PIVX Weekly Pulse (Jan. 2nd, 2025 — Jan. 8th, 2026) was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


Epicenter Podcast

The Death of Altcoins & Bitget’s New "Universal Exchange"

In this episode, host Brian Crain is joined by Gracy Chen, CEO of Bitget, to discuss the exchange's rapid ascent and its ambitious roadmap for 2026. Gracy shares her journey from a mathematics background and journalism into the C-suite of a top-tier exchange, detailing Bitget's growth from a team of 150 to over 2,200 employees. She outlines the concept of the "Universal Exchange" (UEX) a unified p

In this episode, host Brian Crain is joined by Gracy Chen, CEO of Bitget, to discuss the exchange's rapid ascent and its ambitious roadmap for 2026. Gracy shares her journey from a mathematics background and journalism into the C-suite of a top-tier exchange, detailing Bitget's growth from a team of 150 to over 2,200 employees. She outlines the concept of the "Universal Exchange" (UEX) a unified platform where the boundaries between crypto, tokenized equities, and commodities effectively disappear.




They explore how Bitget is leveraging Generative Engine Optimization (GEO) and AI-driven advisory tools like Get Agent to redefine user acquisition and trading intelligence. Gracy also provides a candid outlook on the "altcoin fading" phenomenon, arguing that the market is shifting toward blue-chip assets and real-world utility. Finally, they discuss the immense challenges of global regulatory compliance, including Bitget’s priorities for securing MiCA licenses and navigating a potential entry into the complex US market.




Topics

- 00:00 Intro & Crypto Beginnings

- 05:45 The Origin of Bitget

- 10:15 The "Universal Exchange" (UEX) Vision

- 16:30 Tokenized Stocks vs. TradFi Brokers

- 22:00 Competition: CEX, DEX, & Robinhood

- 28:15 AI in Trading: Get Agent & GEO

- 34:40 The State of Altcoins in 2026

- 41:00 Global Compliance: MiCA & US Markets

- 55:30 2026 Market Predictions




Links

- Gracy Chen on X: https://x.com/GracyBitget

- Bitget: https://www.bitget.com/

- Bitget Wallet: https://web3.bitget.com/

- Gnosis: https://gnosis.io/




Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

Thursday, 08. January 2026

bankless

The Top Airdrop Hunts of the Month: January 2026

Start the new year by chasing 'drops from these five promising tokenless protocols.
Start the new year by chasing 'drops from these five promising tokenless protocols.

Defiant

Optimism Foundation Proposes Using 50% of Revenue for Buybacks

The vote will begin on Jan 22, and OP buybacks will begin in February if the measure passes.
The vote will begin on Jan 22, and OP buybacks will begin in February if the measure passes.

White Whale Memecoin Surges Past $100 Million Valuation

The White Whale memecoin marks the first pumpfun token to surpass a $100 million market capitalization in almost a year.
The White Whale memecoin marks the first pumpfun token to surpass a $100 million market capitalization in almost a year.

bankless

SharpLink Deploys $170M ETH to Linea Network

SharpLink declared it would begin deploying ETH to Linea back in October.
SharpLink declared it would begin deploying ETH to Linea back in October.

Morgan Stanley Sets Sights on Crypto with Proprietary Wallet Plans

The major bank continues to be a first mover in its class when it comes to crypto.
The major bank continues to be a first mover in its class when it comes to crypto.

Defiant

Bitcoin Extends Selloff as Investors Turn Cautious

Bitcoin and Ether edge lower as more macroeconomic data points to a cooling job market.
Bitcoin and Ether edge lower as more macroeconomic data points to a cooling job market.

Zcash Plunges 20% After Entire Core Team Exits Amid Dispute

The former CEO pointed to governance changes at Bootstrap, the Zcash-linked nonprofit.
The former CEO pointed to governance changes at Bootstrap, the Zcash-linked nonprofit.

bankless

Zcash Dev Team Resigns After Board Clash

Electric Coin Company's full staff resigned over governance issues, leaving Zcash's future uncertain.
Electric Coin Company's full staff resigned over governance issues, leaving Zcash's future uncertain.

Defiant

Crypto Derivatives Market Reset After Oct. 10 Crash: BitMEX

The Oct. 10–11 crash exposed weaknesses in exchange risk systems.
The Oct. 10–11 crash exposed weaknesses in exchange risk systems.

a16z Podcast

Keycard: 2026 is the Year of Agents

In 2025, we saw the first glimpses of true AI agents. In 2026, every company will be rushing to get them into production, and they’ll need companies like Keycard to manage fleets of agents. In this conversation, a16z Partner Joel de la Garza sits down with Keycard Cofounder and CEO Ian Livingstone to discuss the continuum from copilots to agents, the security realities of tool-calling, why enterp

In 2025, we saw the first glimpses of true AI agents. In 2026, every company will be rushing to get them into production, and they’ll need companies like Keycard to manage fleets of agents.

In this conversation, a16z Partner Joel de la Garza sits down with Keycard Cofounder and CEO Ian Livingstone to discuss the continuum from copilots to agents, the security realities of tool-calling, why enterprises will adopt before consumers, and how to control your agents.

Follow Joel on LinkedIn: https://www.linkedin.com/in/3448827723723234/

Follow Ian on X: https://x.com/ianlivingstone

Follow Keycard on X: https://x.com/keycardlabs

Learn more about Keycard: https://www.keycard.sh/

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


bankless

ERC-4804: A New Shield Against Broken NFTs

ERC-4804 gives NFT projects a way to move metadata fully onchain without migrating contracts.
ERC-4804 gives NFT projects a way to move metadata fully onchain without migrating contracts.

Wednesday, 07. January 2026

bankless

Getting Started with Hyperdash's Revamped Trading Terminal

The Hyperliquid command center brings superior analytics to the perps trading experience.
The Hyperliquid command center brings superior analytics to the perps trading experience.

Defiant

Polymarket Begins Rolling Out Fees in US App and Crypto Markets

Polymarket has also become the exclusive prediction market partner of the Wall Street Journal and Dow Jones.
Polymarket has also become the exclusive prediction market partner of the Wall Street Journal and Dow Jones.

bankless

Wyoming Becomes First U.S. State to Issue Stablecoin

The state's Frontier Stable Token (FRNT) is now available through Kraken.
The state's Frontier Stable Token (FRNT) is now available through Kraken.

Defiant

Clone-X NFTs Soar 200% as Nike Sells RTFKT

The sports apparel giant’s NFT experiment has come full circle.
The sports apparel giant’s NFT experiment has come full circle.

Crypto Markets Edge Lower as Investors Weigh Macro Data

Bitcoin and Ether slipped modestly as labor data pointed to a cooling U.S. job market.
Bitcoin and Ether slipped modestly as labor data pointed to a cooling U.S. job market.

bankless

J.P. Morgan Expands Digital Deposit Coin to Canton Network

Canton will become the second blockchain to host native JPM Coin.
Canton will become the second blockchain to host native JPM Coin.

MSCI Keeps Digital Asset Treasury Firms in Its Indexes

DATcos like Strategy and BitMine remain eligible for inclusion in Morgan Stanley Capital International indexes.
DATcos like Strategy and BitMine remain eligible for inclusion in Morgan Stanley Capital International indexes.

Defiant

Wyoming Launches First U.S. State-Issued Stablecoin

The FRNT dollar-backed token is managed by Franklin Templeton and marks a rare move by a state government into digital money.
The FRNT dollar-backed token is managed by Franklin Templeton and marks a rare move by a state government into digital money.

PIVX

Why the UK’s New Cyber Action Plan is a Masterclass in Moving Goalposts

The UK government has unveiled its latest “Government Cyber Action Plan,” a £210 million strategy promised to be the definitive shield for public services. But for those following the dizzying carousel of Westminster’s digital policies, the announcement feels less like a breakthrough and more like a tactical admission of past failure. For years, the government’s approach to cybersecurity was

The UK government has unveiled its latest “Government Cyber Action Plan,” a £210 million strategy promised to be the definitive shield for public services. But for those following the dizzying carousel of Westminster’s digital policies, the announcement feels less like a breakthrough and more like a tactical admission of past failure.

For years, the government’s approach to cybersecurity was one that allowed individual departments manage their own digital moats. The new plan pivots sharply toward central oversight with the creation of a Government Cyber Unit.

This shift moves the goalposts for civil servants. Accountability is now being centralized, yet the government’s own report on the state of digital services warns that the risk level remains “critically high.” By introducing this new unit, the government is attempting to bridge a gap that critics say should have been closed years ago during the last multi-billion-pound investment cycle.

A Double Standard of Regulation

Perhaps the most notable change in stance involves the Cyber Security and Resilience Bill. The government is signaling a move from encouragement to enforcement, but the weight of this change falls unevenly.

Companies managing data centers, water, or energy now face the threat of massive fines if their security isn’t up to par. But while the government admits many of its own departments are struggling with legacy IT and known vulnerabilities, there is no equivalent fine for a government agency that fails to protect citizen data.

This “do as I say, not as I do” framework suggests a government that is comfortable regulating the private sector to fix national vulnerabilities, while remaining vague on how it will address its own internal failings beyond the 2030 deadline.

While £210 million sounds like a definitive commitment, industry analysts are skeptical. When distributed across the sprawling infrastructure of the NHS, local councils, and tax systems, the funding appears more like a stopgap than a total overhaul.

The government’s own figures suggest that digitizing services could save £45 billion in productivity. However, by admitting that the 2030 resilience targets are already at risk, they are effectively acknowledging that the digital-first push is moving faster than the security required to support it.

What Could Possibly Go Wrong?

In my opinion, the core risk of this latest pivot is a phenomenon known as policy churn. When the government frequently updates its strategy, it creates a moving target for the very people tasked with defending the networks.

If the 2030 goals are already being hedged in 2026, the question isn’t just “what could go wrong,” but rather: what happens when the government decides to change the stance again in 2028?

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

Why the UK’s New Cyber Action Plan is a Masterclass in Moving Goalposts was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


Defiant

J.P. Morgan’s Deposit Token to Be Issued Natively on Canton Network

Digital Asset and Kinexys plan a phased rollout of the JPMD token on the privacy-focused Layer 1 blockchain.
Digital Asset and Kinexys plan a phased rollout of the JPMD token on the privacy-focused Layer 1 blockchain.

a16z Podcast

Marc Andreessen's 2026 Outlook: AI Timelines, US vs. China, and The Price of AI

a16z co-founder and General Partner Marc Andreessen joins an AMA-style conversation to explain why AI is the largest technology shift he has experienced, how the cost of intelligence is collapsing, and why the market still feels early despite rapid adoption. The discussion covers how falling model costs and fast capability gains are reshaping pricing, distribution, and competition across the AI st

a16z co-founder and General Partner Marc Andreessen joins an AMA-style conversation to explain why AI is the largest technology shift he has experienced, how the cost of intelligence is collapsing, and why the market still feels early despite rapid adoption. The discussion covers how falling model costs and fast capability gains are reshaping pricing, distribution, and competition across the AI stack, why usage-based and value-based pricing are becoming standard, and how startups and incumbents are navigating big versus small models and open versus closed systems. Marc also addresses China’s progress, regulatory fragmentation, lessons from Europe, and why venture portfolios are designed to back multiple, conflicting outcomes at once.

 

Resources:

Follow Marc Andreessen on X: https://twitter.com/pmarca

Follow Jen Kha on X: https://twitter.com/jkhamehl

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X :https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Follow our host: https://twitter.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 

 

 

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tuesday, 06. January 2026

Defiant

Investors Eye Venezuela’s Bitcoin Stash Following Maduro’s Capture

Speculation grows surrounding a rumored $60 billion Bitcoin reserve amassed by the Venezuelan dictatorship.
Speculation grows surrounding a rumored $60 billion Bitcoin reserve amassed by the Venezuelan dictatorship.

Crypto Markets Trade Mixed as Bitcoin Pulls Back

BTC hovers around $92,000 as ETH extends weekly gains.
BTC hovers around $92,000 as ETH extends weekly gains.

bankless

The Prediction Market Insider Trading Problem

As Polymarket and Kalshi go mainstream, highly visible insider trading episodes create risks for early adopters.
As Polymarket and Kalshi go mainstream, highly visible insider trading episodes create risks for early adopters.

6 NFT Predictions for 2026

What are the next big intrigues in NFTs? We look ahead with predictions for 2026.
What are the next big intrigues in NFTs? We look ahead with predictions for 2026.

Senators Meet to Discuss Crypto Market Structure Bill

The bill is expected to undergo a markup on January 15.
The bill is expected to undergo a markup on January 15.

Defiant

Kraken’s Ink Layer 2 Surpasses $500 Million in TVL

Liquidity has surged since October, but daily active users have fallen by more than half from their peak.
Liquidity has surged since October, but daily active users have fallen by more than half from their peak.

How Digital Asset Treasuries Went Mainstream in 2025

Expanding from Bitcoin to Ethereum, Solana, and other altcoins, public companies embraced crypto as a core treasury tool — and exposed new risks along the way.
Expanding from Bitcoin to Ethereum, Solana, and other altcoins, public companies embraced crypto as a core treasury tool — and exposed new risks along the way.

bankless

Lighter Expands Trading Hours for U.S. Equity Perpetual Futures

24/5 trading is here; 24/7 trading is "coming soon"
24/5 trading is here; 24/7 trading is "coming soon"

Brian Quintenz Joins SUI Group After CFTC Nomination Falls Short

The SUI DATco is the only one with an official Sui Foundation relationship.
The SUI DATco is the only one with an official Sui Foundation relationship.

Defiant

Ethereum’s “HTTP Moment” with Marissa Posner & Yoav Weiss

In this episode of The Defiant podcast, Camila Russo sits down in Buenos Aires (Devconnect) with Marissa Posner (Product, Ethereum Foundation) and Yoav Weiss (security researcher, Ethereum Foundation) to unpack The Trustless Manifesto and the Ethereum Interop Layer (EIL), why “trust assumptions” are quietly creeping into Ethereum’s stack, and what it will take to preserve Ethereum’s core values whi
In this episode of The Defiant podcast, Camila Russo sits down in Buenos Aires (Devconnect) with Marissa Posner (Product, Ethereum Foundation) and Yoav Weiss (security researcher, Ethereum Foundation) to unpack The Trustless Manifesto and the Ethereum Interop Layer (EIL), why “trust assumptions” are quietly creeping into Ethereum’s stack, and what it will take to preserve Ethereum’s core values while making UX actually usable. We dig into the hidden places users are forced to trust intermediaries, from cross-chain interoperability and solvers to something most people never question: RPCs. Then we get practical: the guests walk through the EIL, a new approach to cross-chain UX that aims to deliver one-signature interop without introducing new trust assumptions, plus why the wallet becomes the center of the user’s security model. Finally, we zoom out: how should wallets warn users, what does “walkaway test” really mean, and why institutions may end up being one of the strongest forces pushing crypto toward less counterparty risk.

Infinex Changes ICO Terms Following Low Demand

The team has removed contribution caps and changed the allocation distribution process.
The team has removed contribution caps and changed the allocation distribution process.

Morgan Stanley Unveils Spot Bitcoin and Solana ETFs

One analyst called the filings a “shocker” as the first major U.S. bank enters the spot crypto ETF arena.
One analyst called the filings a “shocker” as the first major U.S. bank enters the spot crypto ETF arena.

a16z Podcast

Figma’s Dylan Field on the Future of Design

Dylan Field is the co-founder and CEO of Figma, a design software company that went public in July 2025. Founded in 2012, Figma transformed how people design, prototype, and build products together. After a $20 billion acquisition attempt by Adobe collapsed in 2022 because of regulators, Dylan helped Figma rebound stronger than ever. Just three years later, Figma listed its shares at nearly $20 bi

Dylan Field is the co-founder and CEO of Figma, a design software company that went public in July 2025. Founded in 2012, Figma transformed how people design, prototype, and build products together. After a $20 billion acquisition attempt by Adobe collapsed in 2022 because of regulators, Dylan helped Figma rebound stronger than ever. Just three years later, Figma listed its shares at nearly $20 billion and its stock price more than tripled on its first trading day.

A few highlights:

Expanding a sleepy market

Merging of designers and product roles

Counter-narrative to polarizing CEOs

If models get better, we have to

Remembering Brat Summer

 

Resources:

More on Dylan:

https://www.figma.com/

https://X.com/zoink

More on Jack:

https://www.altcap.com/

https://x.com/jaltma

https://linktr.ee/uncappedpod

Email: friends@uncappedpod.com

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

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Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Monday, 05. January 2026

bankless

U.S. Representative Seeks Prediction Market Ban for Federal Officials

Ritchie Torres wants to limit how federal officials make bets on prediction markets.
Ritchie Torres wants to limit how federal officials make bets on prediction markets.

The Ethereum Tech Solving the 'Blockchain Trilemma'

Vitalik Buterin argues Ethereum's latest upgrades enable scaling that doesn't compromise on decentralization or security. Let's take a closer look at the tech advances.
Vitalik Buterin argues Ethereum's latest upgrades enable scaling that doesn't compromise on decentralization or security. Let's take a closer look at the tech advances.

Defiant

Render Soars 30% as AI-Focused Tokens Rally

RENDER surges as demand for A.I. infrastructure grows.
RENDER surges as demand for A.I. infrastructure grows.

Bitcoin Breaks $94K as Markets Rally Despite Rising Geopolitical Tensions

Crypto prices advanced Monday alongside strong ETF inflows and widespread short liquidations.
Crypto prices advanced Monday alongside strong ETF inflows and widespread short liquidations.

bankless

Ledger Customers Hit by Third-Party Data Exposure

Ledger customer contact information held by a payment processing partner was exposed in a newly disclosed breach. Ledger's hardware wallets and software were not compromised, the company said.
Ledger customer contact information held by a payment processing partner was exposed in a newly disclosed breach. Ledger's hardware wallets and software were not compromised, the company said.

Defiant

Starknet Restores Network After Four-Hour Outage

The disruption marks the second major incident since Starknet’s Grinta upgrade last year.
The disruption marks the second major incident since Starknet’s Grinta upgrade last year.

Polymarket and Parcl Launch Real Estate Prediction Markets

The leading decentralized prediction market is working with Parcl, an onchain real estate market, to enable users to bet on US home prices.
The leading decentralized prediction market is working with Parcl, an onchain real estate market, to enable users to bet on US home prices.

bankless

Tom Lee's BitMine Snaps Up Another $100M in ETH

The world's largest ETH holder now has more than 4.14 million ETH.
The world's largest ETH holder now has more than 4.14 million ETH.

Defiant

Crypto Exploit Losses Fell 60% in December Despite Ongoing Hacks

Total losses dropped to about $76 million last month from more than double that in November, though PeckShield warns exploit activity remains persistent.
Total losses dropped to about $76 million last month from more than double that in November, though PeckShield warns exploit activity remains persistent.

PIVX

CBDCs Are Programmable Surveillance Money

Think about this: when you hand a $20 bill to a merchant, the transaction is instant, final, and to a great degree anonymous. The central bank that issued the note has no idea where it was spent, what was purchased, or who currently holds it. It’s no longer news that countries are in a race to deploy Central Bank Digital Currencies (CBDCs). While this may seem like innovation on the surface,

Think about this: when you hand a $20 bill to a merchant, the transaction is instant, final, and to a great degree anonymous. The central bank that issued the note has no idea where it was spent, what was purchased, or who currently holds it.

It’s no longer news that countries are in a race to deploy Central Bank Digital Currencies (CBDCs). While this may seem like innovation on the surface, I opine that the very nature of money is being rewritten. Money is no longer just a “store of value” or a “medium of exchange”; it is becoming a programmable software protocol.

Spare me the promise of efficiency and financial inclusion; a deeper look reveals a sobering reality. CBDCs are the ultimate tool for state-level surveillance and behavioural engineering.

Money with Strings Attached

The most dangerous feature of a CBDC is programmability. Unlike “dumb” cash or even current digital bank deposits, a CBDC can be hard-coded with specific rules and conditions.

In a CBDC ecosystem, the government doesn’t just see your money. They can control the logic of your money. Imagine a scenario where the government programs your savings to lose 5% of its value every month if not spent. This may come under the cover of stimulating the economy, effectively forcing consumption and destroying the ability to save. Your money could also be “locked” so that it can only be spent within a 10-mile radius of your home, or restricted from being sent abroad.

In the current banking system, there is a “buffer” of privacy provided by commercial banks. While banks report suspicious activity, the central bank (the government) does not have a real-time ledger of every citizen’s morning coffee or rent payment.

CBDCs remove this buffer. Because a CBDC is a direct liability of the central bank, every single transaction is recorded on a centralized government ledger. This creates a “Financial Panopticon” where every cent has a digital fingerprint. The state can retrospectively track the flow of every unit of currency back to the moment of its creation.

When money is programmable, it can be linked to a Social Credit Score. Falling behind on a utility bill or posting a “wrong” opinion online could result in an automatic “freeze” of your digital assets or a limitation on your ability to use public transport.

The End of Financial Exit Ramps

Physical cash is the ultimate “exit ramp.” If a bank fails or a government becomes tyrannical, cash allows you to operate outside the digital grid. CBDCs are designed to close this loop.

Governments are already signalling the “War on Cash.” By making physical banknotes obsolete and funnelling all economic activity into a state-controlled digital ledger, the government gains an Electronic Kill Switch. Without the ability to hold a physical asset or use a private decentralized alternative (like PIVX or Bitcoin), a citizen who is de-banked by the state is effectively deleted from society. They cannot buy food, pay for shelter, or travel.

The Illusion of Convenience

The marketing of CBDCs often focuses on “faster payments” and “lower fees.” However, these are problems that have already been solved by private fintech and cryptocurrencies.

The true motivation for CBDCs is monetary policy precision. In a traditional system, the central bank is like a doctor prescribing a general antibiotic to a whole population (by raising or lowering interest rates). With a CBDC, the central bank becomes a surgeon with a scalpel. They can apply “negative interest rates” to specific demographics, or drop “helicopter money” that can only be spent at specific government-approved retailers.

The Role of Decentralization

As the “Programmable Surveillance” era looms, the importance of privacy-preserving technologies has never been higher. Projects like PIVX offer the exact opposite of the CBDC model. Transactions are shielded by default using zk-SNARKs, ensuring that your financial data belongs to you, not a central ledger. You are your own bank, and there is no kill switch.

We are standing at a fork in the road. One path leads to a centralized CBDC future, where money is a tool for behavioral control and total transparency for the state. The other path leads to decentralized privacy, where money remains a neutral tool for individual freedom.

CBDCs are not just a technological upgrade; they are a fundamental shift in the power dynamic between the citizen and the state. When money becomes programmable, so does the person using it.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

CBDCs Are Programmable Surveillance Money was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

AI Will Save The World with Marc Andreessen and Martin Casado

Originally published in June 2023, this conversation features a16z cofounder Marc Andreessen following the release of his nearly 7,000-word essay arguing that AI does not threaten our humanity. In a wide-ranging discussion with a16z General Partner Martin Casado, Andreessen expands on why he believes AI can dramatically amplify human potential, why its future should be shaped by open markets rathe

Originally published in June 2023, this conversation features a16z cofounder Marc Andreessen following the release of his nearly 7,000-word essay arguing that AI does not threaten our humanity. In a wide-ranging discussion with a16z General Partner Martin Casado, Andreessen expands on why he believes AI can dramatically amplify human potential, why its future should be shaped by open markets rather than regulation, and why fears of existential catastrophe are misplaced. Rather than destroying the world, he argues, AI may help save it.

Read “Why AI Will Save the World”: https://a16z.com/2023/06/06/ai-will-save-the-world/ 

 

Resources:

Follow Martin on X: https://x.com/martin_casado

Follow Marc on X: https://x.com/pmarca

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

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Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 

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Brave Browser

Brave overhauls adblock engine, cutting its memory consumption by 75%

Brave has overhauled its Rust-based adblock engine to reduce memory consumption by 75%, bringing better battery life and smoother multitasking to all users.

This is the 36th post in an ongoing series describing new privacy features in Brave. This post describes work done by Mikhail Atuchin (Sr. Staff Engineer), Pavel Beloborodov (Sr. Software Engineer) and Anton Lazarev (Staff Adblock Engineer). It was written by Shivan Kaul Sahib (VP, Privacy and Security).

Brave has overhauled its Rust-based adblock engine to reduce memory consumption by 75%, bringing better battery life and smoother multitasking to all users. The upgrade represents roughly 45 MB of memory savings for the Brave browser on every platform (Android, iOS and desktop) by default, and scales even higher for users with additional adblocking lists enabled. These performance boosts are live in Brave v1.85, with additional optimizations coming in v1.86.

Screenshot comparison of versions 1.79.118 and 1.85.118 of Brave, demonstrating a drop in memory consumption of the overall browser process (of which the adblock engine is a part).

As announced in June and October last year, we achieved this major memory milestone by iteratively refactoring the adblock-rust engine to use FlatBuffers, a compact and efficient storage format. This architectural transition allowed us to move the roughly 100,000 adblock filters shipped by default from standard, heap-allocated Rust data structures (such as Vecs, HashMaps, and structs) into a specialized, zero-copy binary format. 

Along the way, we completed several other key performance optimizations (some of these are coming in v1.86):

Memory management: Used stack-allocated vectors to reduce memory allocations by 19% and improved building time by ~15%. Matching speed: Improved filter matching performance by 13% by tokenizing common regex patterns. Sharing resources: Resources are shared between instantiations of adblock engines, saving ~2 MB of memory on desktop. Storage efficiency: Optimized internal resource storage memory by 30%.

Saving 45+ MB of memory is a significant milestone in the world of browser performance and a massive win for users on mobile and older hardware. While Brave already improves performance on the Web by blocking invasive ads and trackers, our latest engineering effort ensures that our own built-in protections are as lightweight and invisible as possible. Unlike adblocking in other browsers, Brave’s adblocking engine is built into the browser and maintained by our privacy team. Such deep optimizations are impossible for extension-based blockers, which are restricted by browser extension APIs and sandboxing. This native architecture is also why Brave’s own ad and tracker blocking is entirely unaffected by Manifest V3.

This performance boost is the culmination of several months of in-depth cross-team engineering work between our performance and privacy teams. It marks a significant leap in the browser’s efficiency and ensures that we continue shipping best-in-class privacy to over 100 million users.

Sunday, 04. January 2026

PIVX

PIVX Core and PIVXLabs Development Report

This report summarizes the key development contributions and progress made across PIVX and PIVX Labs, with a focus on enhancements to server infrastructure, shielded transaction support, and Vector-related tools and SDK improvements. - PIVX Core - ElectrumX Server Significant progress was made to add full Sapling (shielded) support for PIVX in ElectrumX, enabling shielded receiving address

This report summarizes the key development contributions and progress made across PIVX and PIVX Labs, with a focus on enhancements to server infrastructure, shielded transaction support, and Vector-related tools and SDK improvements.

- PIVX Core - ElectrumX Server

Significant progress was made to add full Sapling (shielded) support for PIVX in ElectrumX, enabling shielded receiving addresses, balances, and transaction handling. This brings improved privacy features and compatibility with light wallets such as Cake Wallet and Zcash lightwallet.

Added PIVX Sapling transaction dataclasses and deserializer.
https://github.com/Liquid369/electrumx-1/commit/58576993936651f5e557ed2cfa7bcd52ecfaf498 Added Sapling data storage for PIVX shielded transactions.
https://github.com/Liquid369/electrumx-1/commit/9e3b1f25bf20cefe1357b8aadfab449580c83e89 Added dedicated PIVXSaplingBlockProcessor.
https://github.com/Liquid369/electrumx-1/commit/a04e8014c7b85be3ad0a8cc7a5349867ca0b621f Added PIVXSaplingElectrumX RPC handlers.
https://github.com/Liquid369/electrumx-1/commit/c9d0a7ab1efa400cd4e95d24e61da02e542f4697 Wired PIVX with Sapling block processor and session.
https://github.com/Liquid369/electrumx-1/commit/7a1ea05d7642e6ed507b2e79bff4a6ce90eecf70 Added PIVX Sapling unit and integration tests.
https://github.com/Liquid369/electrumx-1/commit/b135eca4c6deeb0874e7641b418d3595393c6549 Refactored APIs for Cake Wallet compatibility.
https://github.com/Liquid369/electrumx-1/commit/5502fc4bb2fc815bb307c7d079cc74fc6aabe9df Added blockchain.sapling.get_block_range for Zcash lightwalletd compatibility.
https://github.com/Liquid369/electrumx-1/commit/d88c47338d8598291d68b17e631af65607e4f36c Expanded get_block_range with full lightwalletd fields.
https://github.com/Liquid369/electrumx-1/commit/607cccc75687e4c4cdd7aac95e5f28c6ba312d08 Fixed get_block_range to use read_tx_block() instead of read_varint().
https://github.com/Liquid369/electrumx-1/commit/d610c0ba613243cd89b13c7afcdf58f9176a878b Fixed header_len to static_header_len in get_block_range.
https://github.com/Liquid369/electrumx-1/commit/6d55e2e2cf35e8703eed66b52846c0e98336aa23 Adjusted sync block size for better performance.
https://github.com/Liquid369/electrumx-1/commit/e4f45292b0ba9b4a6594ee4070e33ad6a643852a

- PIVX Labs -

Vector Bot SDK Example

Expanded the example repository with additional bot varieties to demonstrate SDK usage, along with comprehensive documentation updates in preparation for an upcoming release.
https://github.com/Luke-Larsen/Vector-SDK-Example

Vector Bot SDK

Advanced development on group support for bots, extending core functionalities from direct messages to groups. Enabled group bots with message sending, image and file sending, reaction sending, and typing indicators. Finalized styling and documentation, with beta/public work available on the dedicated branch.
https://github.com/VectorPrivacy/Vector-SDK/tree/mls-groups

Pulse-Notifier

Implemented fixes and upgrades to handle over-reporting from the explorer more reliably.

Refactored for better structure and added checks for consecutive issues.
https://github.com/Luke-Larsen/Pulse-Notifier/commit/aefc94282bd0f00c08103b1f75990cb1be47cfa9 Introduced a disabled_services system to filter out persistent false positives from misbehaving services.
https://github.com/Luke-Larsen/Pulse-Notifier/commit/482eae72b433e0e252a93d8107c9162088d4a413

PIVCards

Ongoing housekeeping and user ticket handling to maintain smooth operations, alongside planning for future upgrades.

This report summarizes the key development contributions and progress made across PIVX and PIVX Labs, with a focus on enhancements to server infrastructure, shielded transaction support, and Vector-related tools and SDK improvements.

PIVX. Your Rights. Your Privacy. Your Choice.

PIVX Core and PIVXLabs Development Report was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Saturday, 03. January 2026

PIVX

The Firewall That Forgot Its Only Job

What’s the first thought that crosses your mind when you think of your bank: biometric scanners, deep-packet inspection, and encryption so thick you’d need a quantum computer and luck to crack it? Don’t blame me for being dramatic. This is what the movies try to sell to us. But the recent saga of Marquis Software reminds us that you can have the sturdiest vault in the world, but if you hire

What’s the first thought that crosses your mind when you think of your bank: biometric scanners, deep-packet inspection, and encryption so thick you’d need a quantum computer and luck to crack it? Don’t blame me for being dramatic. This is what the movies try to sell to us.

But the recent saga of Marquis Software reminds us that you can have the sturdiest vault in the world, but if you hire a third-party bookkeeper who leaves their back window unlatched, the gold is going for a walk anyway.

Marquis Software is the kind of company most people have never heard of, but that hundreds of U.S. banks and credit unions rely on. They handle the “boring” stuff: data analytics, compliance, and customer communications. To perform their job, banks hand them customer details such as names, addresses, dates of birth, and the holy grail of identity theft: Social Security numbers.

On August 14, a ransomware gang didn’t bother trying to pick the lock on the banks’ front doors. Instead, they found a vulnerability in Marquis’s SonicWall firewall. By the time the dust settled, more than 74 financial institutions were checking their pockets and finding them empty.

VeraBank and Artisans’ Bank became the latest to join a growing list of victims notifying thousands of customers that their most sensitive data was now in the hands of unknown actors. Estimates suggest between 788,000 and 1.35 million victims are now looking at their credit reports with newfound anxiety.

While Marquis reportedly paid the ransom (according to a since-deleted letter from one credit union), the damage was done. In the digital world, “paying to get your data back” is like paying a kidnapper to give you a copy of your child while they keep the original in their basement.

The banks did everything right. They didn’t get hacked; their systems remained pristine. But they learned the hard way that your security is only as strong as the most outdated firmware on your vendor’s firewall.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

The Firewall That Forgot Its Only Job was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Friday, 02. January 2026

Defiant

ZachXBT Reports EVM Hack Affecting Hundreds of Wallets

The on-chain sleuth said that a total of roughly $100,000 had been drained across hundreds of wallets in a yet-to-be resolved exploit.
The on-chain sleuth said that a total of roughly $100,000 had been drained across hundreds of wallets in a yet-to-be resolved exploit.

bankless

The Crypto Industry After Crypto-Natives

Crypto is entering a new era in 2026, and its builders are chasing a new cohort of users.
Crypto is entering a new era in 2026, and its builders are chasing a new cohort of users.

Defiant

Crypto Markets Move Higher After Holidays, Memecoins Outperform

Bitcoin, Ethereum, and major memecoins recorded gains, while privacy-focused coins slipped.
Bitcoin, Ethereum, and major memecoins recorded gains, while privacy-focused coins slipped.

Memecoins Lead Crypto Rally as PEPE Surges Over 30%

PEPE was the top gainer among large-caps today, while DOGE and SHIB also outperformed.
PEPE was the top gainer among large-caps today, while DOGE and SHIB also outperformed.

PIVX

PIVX Weekly Pulse (Dec. 26th, 2025 — Jan. 1st, 2026)

PIVX Weekly Pulse (Dec. 26th, 2025 — Jan. 1st, 2026) Your PIVX week at a glance. The latest Pulse is live, featuring market trends, community news, and key highlights from the past seven days. Don’t miss a beat. Market Pulse Masternode Count: The PIVX network holds steady with 2,085 active masternodes. Despite a minor decrease from 2,097 last week, general masternode activity has rem
PIVX Weekly Pulse (Dec. 26th, 2025 — Jan. 1st, 2026)

Your PIVX week at a glance. The latest Pulse is live, featuring market trends, community news, and key highlights from the past seven days. Don’t miss a beat.

Market Pulse Masternode Count: The PIVX network holds steady with 2,085 active masternodes. Despite a minor decrease from 2,097 last week, general masternode activity has remained firm. Price Check: PIVX continues its sideways trend, but with an optimistic lean. The Daily USD Value held steady within the $0.12 to $0.14 range, showing signs of underlying strength. This consolidation pushed the weekly average to $0.1293, a healthy step up from the previous week’s $0.1226. Trading Buzz: This week brought a fresh wave of momentum. The total weekly volume jumped to $24.5 million, handily outperforming last week’s $15 million. This robust trading activity, averaging over $2 million daily, points to a very liquid network.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

PIVX Weekly Pulse (Dec. 26th, 2025 — Jan. 1st, 2026) was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Wartime vs Peacetime: Ben Horowitz on Leadership

In this exclusive conversation from a16z’s Bio and Health BUILD Summit, founding partner Ben Horowitz sits down with general partner Jorge Conde. Originally released in August 2023, the episode covers everything from the inspiration behind Ben’s book The Hard Thing About Hard Things and how the open internet was secured, to the difference between wartime and peacetime CEOs, what it really means to

In this exclusive conversation from a16z’s Bio and Health BUILD Summit, founding partner Ben Horowitz sits down with general partner Jorge Conde. Originally released in August 2023, the episode covers everything from the inspiration behind Ben’s book The Hard Thing About Hard Things and how the open internet was secured, to the difference between wartime and peacetime CEOs, what it really means to scale culture, and how bio and healthcare innovation differs from other forms of technology.

Ben’s Book: https://www.amazon.com/Hard-Thing-About-Things-Building/dp/0062273205

 

Resources:

Follow Ben on Twitter: https://x.com/bhorowitz

Follow Jorge on Twitter: https://x.com/jorgecondebio

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

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Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Thursday, 01. January 2026

PIVX

Year in Review: Top PIVX Moments in 2025

If you thought 2025 was business as usual for PIVX then you weren’t paying attention. This year, the DAO didn’t just iterate; it evolved, making some of the toughest calls in its history while expanding its footprint across the decentralized web. From the launch of the Ambassador Program to the sunsetting of the reward systems and the birth of the Vector era, here is the real 2025 PIVX year-in-re

If you thought 2025 was business as usual for PIVX then you weren’t paying attention. This year, the DAO didn’t just iterate; it evolved, making some of the toughest calls in its history while expanding its footprint across the decentralized web.

From the launch of the Ambassador Program to the sunsetting of the reward systems and the birth of the Vector era, here is the real 2025 PIVX year-in-review.

Major Highlights in a Jiffy 9 Years Strong: Nine years in, PIVX remains a standout example of community-driven longevity in the crypto space. Ambassador Program: The 2025 launch of the Global Ambassador Program turned PIVX’s worldwide vision into a coordinated, boots-on-the-ground reality. Enhanced Accessibility: Secured strategic listings on prominent platforms such as Coinomi, Edge, HoudiniSwap, and Cardstorm.io to broaden user reach. The Vector Launch: Coming from the stable of PIVX Labs and developed to safeguard digital conversations, the Vector app debuted in 2025 as a premier privacy-centric instant messenger. Masternode Growth: Strengthening its decentralized foundation, PIVX saw 110 an additional masternodes come online in 2025, a 5.5% growth from the year’s start of 1,985 nodes. Program Retirement: PIVX Rewards was officially retired in 2025 to simplify the project’s incentive structure and focus resources on core development. Now for the Details PIVX Goes Global

One of the most significant initiatives for 2025 was the launch of the Global Ambassador Program, a massive step towards achieving PIVX’s mission of building circular economies that are powered by the leading privacy coin. The program was designed to move PIVX beyond simple exchange trading and into the hands of merchants and local communities.

The rollout was met with such an overwhelming wave of interest from the crypto community that the team was forced to shut down applications within just 48 hours. This surge of “purple passion” didn’t just prove the demand for a decentralized advocacy force; it allowed the DAO to hand-pick a tier of “Advocates” who spent the rest of the year localized the PIVX message.

Although the program is still being refined, following the initial launch, the program is already seeing real-word activities in the form of localized meetups.

A Secret Messenger Emerges

On the technical side of things, the most talk-about release wasn’t a wallet update. It was Vector. Originally unveiled in January under the name Chatstr, this privacy-centric messaging app immediately grabbed the community’s attention by bridging the PIVX and Nostr ecosystems.

Built by PIVX developers as an independent project, Vector introduces a slick new paradigm: your PIVX wallet is your identity.

While 2025 saw the launch of Android support and encrypted SQLite database migrations, the app is still in its evolution phase. Features like voice calls and advanced user discovery are on the horizon as the project moves toward competing with the likes of Telegram.

Major Listings

2025 drastically lowered the barrier to entry for private transactions. There were a number of exchange listings and wallet integrations. Some worthy mentions include:

Edge Wallet Listing: PIVX joined the Edge ecosystem, providing a high-tier mobile home for PIV users that values non-custodial security. HoudiniSwap Integration: This was a win for cross-chain privacy. PIVX’s listing on HoudiniSwap allows users to swap between PIV and other major chains with total anonymity, acting as a “magic tunnel” for the entire crypto space. Coinomi: In a major move for ecosystem growth, PIVX inked a strategic partnership with Coinomi, one of the industry’s oldest and most trusted multi-asset wallets.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

Year in Review: Top PIVX Moments in 2025 was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

The Techno-Optimist Manifesto with Marc Andreessen and Ben Horowitz

Originally aired in October 2023, this episode centers on Marc Andreessen’s essay The Techno-Optimist Manifesto, which lays out his vision for the future of technology. The piece sparked widespread discussion across traditional and social media by challenging the prevailing pessimistic narrative around technology and arguing instead that it can be a force for growth, progress, and abundance. In t

Originally aired in October 2023, this episode centers on Marc Andreessen’s essay The Techno-Optimist Manifesto, which lays out his vision for the future of technology. The piece sparked widespread discussion across traditional and social media by challenging the prevailing pessimistic narrative around technology and arguing instead that it can be a force for growth, progress, and abundance.

In this one-on-one conversation, based on listener questions from X (formerly Twitter), a16z cofounder Ben Horowitz and Marc discuss how technological advances can improve quality of life, support marginalized communities, and shape how we think about humanity’s long-term future.

Read the full manifesto: https://a16z.com/the-techno-optimist-manifesto/

 

Resources:

Follow Marc Andreessen on X: https://x.com/pmarca

Follow Ben Horowitz on X: https://x.com/bhorowitz

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 

 

 

 

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Wednesday, 31. December 2025

Epicenter Podcast

2025 Rewind: End of the Infinite Money Glitch and Looking Ahead to 2026

In this episode, hosts Sebastien Couture, Brian Crain, and Friederike Ernst gather for their annual wrap-up to discuss the end of the "infinite money glitch": the era where tokens traded at billions without proven product-market fit. They explore the 2025 "spring cleaning" that devastated the altcoin market and the quiet, efficient entry of web2 incumbents like Revolut and Stripe. The discussion c

In this episode, hosts Sebastien Couture, Brian Crain, and Friederike Ernst gather for their annual wrap-up to discuss the end of the "infinite money glitch": the era where tokens traded at billions without proven product-market fit. They explore the 2025 "spring cleaning" that devastated the altcoin market and the quiet, efficient entry of web2 incumbents like Revolut and Stripe. The discussion centers on the industry's maturation into a space where protocols are finally judged on their ability to generate real revenue and growth.



The team analyzes the 2025 "spring cleaning" of altcoins alongside Polymarket’s mainstream breakout. As giants like Stripe and Revolut scale crypto integrations, the hosts debate if consolidating distribution power is diluting the original promise of decentralized agency. Finally, they address the existential quantum threat to Bitcoin and share their 2026 "hot takes.



Topics

00:00 Intro & Notable Memories 04:30 The Bybit Hack & Price Action 08:15 Polymarket & The Mainstream Breakout 12:00 The Altcoin "Spring Cleaning" 18:45 Axelar & The Circle Acquisition 25:30 Incumbents: Back-end Upgrades vs. Values 33:15 Social Media & The Economics of Attention 42:00 Staking Consolidation & Distribution Power 50:30 The Quantum Threat to Bitcoin 58:45 2026 Predictions: RWAs & Perps

Links

Sebastien on X: https://x.com/seb3point0 Brian on X: https://x.com/crainbf Friederike on X: https://x.com/tw_tter Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io


Defiant

2025 Marks a Year to Forget for Altcoins

Despite Bitcoin reaching a fresh all-time high in October, altcoins were battered and bruised all year long, barring a few exceptions.
Despite Bitcoin reaching a fresh all-time high in October, altcoins were battered and bruised all year long, barring a few exceptions.

Trump Media Announces New Token Launch in 2026

With crypto-native’s ready to put 2025 in the rearview mirror, President Donald Trump is set to drop another token in 2026.
With crypto-native’s ready to put 2025 in the rearview mirror, President Donald Trump is set to drop another token in 2026.

Zcash Emerges as Top-Performing Large-Cap Crypto of the Year

The privacy-focused token has far outperformed Bitcoin and Ethereum as interest in confidential on-chain transactions surged.
The privacy-focused token has far outperformed Bitcoin and Ethereum as interest in confidential on-chain transactions surged.

a16z Podcast

The Inside Story of Growth Investing at a16z

This episode is a special replay of David George’s conversation with Harry Stebbings on 20VC. David is a General Partner on a16z’s growth team, and in this discussion he breaks down how he thinks about breakout growth investing: why great business models are now table stakes, where real edge comes from non-consensus views on TAM, and how to underwrite upside in a world of higher prices and increas

This episode is a special replay of David George’s conversation with Harry Stebbings on 20VC. David is a General Partner on a16z’s growth team, and in this discussion he breaks down how he thinks about breakout growth investing: why great business models are now table stakes, where real edge comes from non-consensus views on TAM, and how to underwrite upside in a world of higher prices and increasing competition.

They also dig into the mechanics behind the scenes: unit economics at growth, “pull vs push” products, winner-take-most market structures, and how David decides when to double or triple down on a company. Along the way, they touch on SPACs, the rise of crossover funds, single-trigger decision making, and how David manages fear, pressure, and performance over the long arc of an investing career.

 

Resources:

Learn more about 20VC: https://www.thetwentyminutevc.com/

Watch on YouTube: https://www.youtube.com/@20VC

Follow Harry on X: https://x.com/HarryStebbings

Follow David on X: https://x.com/DavidGeorge83

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://x.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Follow our host: https://x.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures](http://a16z.com/disclosures.

 

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Tuesday, 30. December 2025

Defiant

Crypto Markets Trade Mostly Flat as Year-End Activity Remains Light

Trading volumes stayed subdued while BTC, ETH and other large-caps rose slightly.
Trading volumes stayed subdued while BTC, ETH and other large-caps rose slightly.

ZORA Drops as Creator Coins Disappoint Yet Again

Base supporters are giving up on the Zora ecosystem’s creator coins after the viral journalist Nick Shirley’s coin failed to live up to hype.
Base supporters are giving up on the Zora ecosystem’s creator coins after the viral journalist Nick Shirley’s coin failed to live up to hype.

Lighter Users Report Withdrawal Issues After Perp DEX Launches LIT Token

The platform’s native token went live late eastern time, catching many traders off guard.
The platform’s native token went live late eastern time, catching many traders off guard.

bankless

Robinhood vs. Coinbase 2026 Battle Royale?

The consumer trading apps are going head-to-head on features as each looks to become a cross-asset super app.
The consumer trading apps are going head-to-head on features as each looks to become a cross-asset super app.

The Best of Metaversal 2025

A curated holiday recap of some of the best Metaversal posts from 2025.
A curated holiday recap of some of the best Metaversal posts from 2025.

What Onchain Gaming Learned in 2025

A field report on onchain gaming in 2025: what worked, plus titles to watch.
A field report on onchain gaming in 2025: what worked, plus titles to watch.

BlueYard Capital

BlueYard Capital 2025: Strides Towards Utopia, Holding the Line against Oblivion

American architect Buckminster Fuller once wrote, “Whether it is to be utopia or oblivion will be a touch-and-go relay race right up to the final moment.” It’s the line that opens our manifesto. And so, at year’s end, it only makes sense to ask the question: where are we in this civilizational relay race? Firmly, we believe, in the handoff zone — where runners lock stride, momentum compounds, and

American architect Buckminster Fuller once wrote, “Whether it is to be utopia or oblivion will be a touch-and-go relay race right up to the final moment.” It’s the line that opens our manifesto. And so, at year’s end, it only makes sense to ask the question: where are we in this civilizational relay race? Firmly, we believe, in the handoff zone — where runners lock stride, momentum compounds, and the pace picks up anew.

In 2025, the companies we backed early surpassed significant milestones and raised more than $1B in follow-on capital over the last 12 months, to succeed on their respective missions to drive us towards utopia and to hold the line against oblivion. Just a few examples:

Castelion, which we backed at seed, raised a $100m Series A, followed by a $350M Series B. The company also secured major government contracts for hypersonic missile systems designed to defend democracies around the world. Marvel Fusion raised a $120M Series B and secured a further $150M project financing form the Department of Energy to build a fusion demonstrator at the University of Colorado. Chemify raised a $60m Series B to unlock the potential that resides at the intersection of compute and chemistry, and has become a partner of choice for top 10 pharma companies for molecule innovation. Corintis raised a $50M Series A/A+ and partnered with Microsoft in addition to many of the hyperscalers, validating microfluidic cooling as critical infrastructure for next-generation compute. Two further $50m+ rounds are currently unannounced, and 13 more sub $30m rounds closed in 2025. Privy grew explosively to 100 million accounts and was acquired by Stripe to upgrade our legacy financial infrastructure.

In 2025 we welcomed 13 new companies to the portfolio — all on the core mission of propelling humanity through this moment: e.g. a new silicon compiler to design faster chips, AI models for the steel industry to make production more viable in the West, a new resilient p2p protocol that can pierce firewalls, a solid rocket motor company to feed a massive need and disrupt a legacy an oligopoly market, AI models to create novel integrated systems, etc. New investments include Aerska, Alterego, Boundless, CHOMP, Dost, Eigenblue, Foresight Data Machines, ManexAI, Miren, Number0, and ZeroPhase.

The founders in our portfolio share a common thread: they’re working on technologies urgently needed to keep us from unravelling. The underlying infrastructure — physical, biological, digital — that everything else depends on. When a technology looks too hard or too strange for others to touch, that’s usually when we start paying attention or decide to double down.

Building the Network for What’s Next

We talk a lot about being fluent in weirdness and volatility. This past year, we formalized what we’d been doing informally for years: creating spaces where founders and operators who share that fluency can find one another and compare notes.

We continued our Risk Club dinner series — intimate gatherings designed to debate the key risks of our time and how we might treat volatility as opportunity. The motto for those dinners is Semper Audentes. Always daring. In 2026, we have big plans for this series and how to bring it to more of you.

We also hosted Climbing Hard AI Peaks at Lake Tegernsee in the Bavarian Alps, convening 100 founders, builders, and investors working on AI’s hardest frontiers. No stages, no panels, just conversations during walks in the mountains about chips, data centers, productisation, and the societal implications of increasingly capable AI systems.

The most challenging times produce the most innovative technologies. When systems break down, when old infrastructure fails, when certainties dissolve, breakthrough solutions emerge. The question isn’t whether we’ll face more volatility. We will. The question is whether we’re building the networks that give founders what they need to build the technologies that get us all through it.

To that end, we also welcomed Mike Wax as General Partner. As founder and CEO of Forto, Mike built digital freight infrastructure from idea to more than 1,200 people across 18 countries, raising over $500M along the way. He has backed more than 75 startups as an angel and brings hard-won founder experience to support the next generation of companies.

The Relay Runs On

We’re not yet in the final stretch of Fuller’s relay race. We’re still firmly in the middle, where the race can be won or lost based on execution, where the baton must pass cleanly from one breakthrough to the next.

Looking ahead to 2026, we see the physical constraints becoming more acute. AI scaling will increasingly run into limits: heat, energy, infrastructure. Defense will continue shifting from large legacy primes to teams reinventing the supply chain from first principles. AI will encounter harder and harder last-mile problems in essential industries, and the teams that can translate raw capability into working systems will win.

We’ll keep backing the n-of-1 founders globally, who see these problems clearly and choose to move toward them anyway. The ones who know the road (in this case, the racetrack) ahead doesn’t exist yet, but that it’s imperative we keep running.

Disclaimer: The information contained in this article has been prepared solely for informational purposes and is not an offer to sell or a solicitation of an offer to purchase an interest in any entity managed by BlueYard Capital (“BlueYard”). Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold, or directly invest in the company or its securities. It may not be modified, reproduced, or redistributed in whole or in part without the prior written consent of BlueYard. Portfolio company information presented herein is for informational purposes only and not intended to be a guarantee of certain investment results. BlueYard does not represent that the information herein is accurate, true, or complete, makes no warranty, express or implied, regarding the information herein and shall not be liable for any losses, damages, costs, or expenses relating to its adequacy, accuracy, truth, completeness, or use. All other company, product and service names or service marks of others and their use does not imply their endorsement of, or an association with this program.


bankless

Ethereum Perps Exchange Lighter Debuts LIT Token

The perps exchange detailed supply splits, airdrops, and onchain revenue plans.
The perps exchange detailed supply splits, airdrops, and onchain revenue plans.

a16z Podcast

Why a16z's Martin Casado Believes the AI Boom Still Has Years to Run

This episode is a special replay from The Generalist Podcast, featuring a conversation with a16z General Partner Martin Casado. Martin has lived through multiple tech waves as a founder, researcher, and investor, and in this discussion he shares how he thinks about the AI boom, why he believes we’re still early in the cycle, and how a market-first lens shapes his approach to investing. They also

This episode is a special replay from The Generalist Podcast, featuring a conversation with a16z General Partner Martin Casado. Martin has lived through multiple tech waves as a founder, researcher, and investor, and in this discussion he shares how he thinks about the AI boom, why he believes we’re still early in the cycle, and how a market-first lens shapes his approach to investing.

They also dig into the mechanics behind the scenes: why AI coding could become a multi-trillion-dollar market, how a16z evolved from a small generalist firm into a specialized organization, the growing role of open-source models, and why Martin believes AGI debates often obscure more meaningful questions about how technology actually creates value.

 

Resources:

Follow Mario Gabriele

X: https://x.com/mariogabriele

https://www.generalist.com/

Follow Martin Casado:

LinkedIn: https://www.linkedin.com/in/martincasado/

X: https://x.com/martin_casado

The Generalist Substack: https://www.generalist.com/

The Generalist on YouTube: https://www.youtube.com/@TheGeneralistPodcast

Spotify: https://open.spotify.com/show/6mHuHe0Tj6XVxpgaw4WsJV

Apple: https://podcasts.apple.com/us/podcast/the-generalist/id1805868710

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://x.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures

Stay Updated:

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Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Monday, 29. December 2025

Defiant

NIGHT Jumps After Charles Hoskinson Backs XRP DeFi Integration

The privacy-focused token surged after Hoskinson highlighted Midnight’s role in DeFi privacy.
The privacy-focused token surged after Hoskinson highlighted Midnight’s role in DeFi privacy.

Daycare Fraud Journalist Tokenizes Content on Base

Coinbase CEO Brian Armstrong helped onboard Nick Shirley, the journalist covering the Minnesota Daycare Fraud scheme.
Coinbase CEO Brian Armstrong helped onboard Nick Shirley, the journalist covering the Minnesota Daycare Fraud scheme.

bankless

What Prediction Market Users are Predicting for 2026

Ten outcomes that Polymarket users are betting the New Year will bring.
Ten outcomes that Polymarket users are betting the New Year will bring.

Defiant

UNI Falls After Uniswap Labs Burns 100 Million Tokens

The decline comes as analysts suggest the protocol’s new “UNIfication” fee structure may take time to boost the token’s value
The decline comes as analysts suggest the protocol’s new “UNIfication” fee structure may take time to boost the token’s value

Flow Back Online After Token Drops 40% on $4M Exploit

The Layer 1 blockchain created by the team behind NFT Top Shot and CryptoKitties was exploited this weekend.
The Layer 1 blockchain created by the team behind NFT Top Shot and CryptoKitties was exploited this weekend.

Crypto Markets Slip, BTC Hovers Near $87K as Holiday Trading Stays Quiet

Bitcoin and Ethereum edged lower, while liquidations and ETF outflows continued to weigh on sentiment.
Bitcoin and Ethereum edged lower, while liquidations and ETF outflows continued to weigh on sentiment.

bankless

Strategy Buys Another $109M in Bitcoin

Saylor's firm acquired nearly 225K BTC in 2025.
Saylor's firm acquired nearly 225K BTC in 2025.

PIVX

Is Charles Hoskinson’s Midnight Really The “Manhattan Project” of Privacy?

Would you rather choose the glass house transparency of public ledgers like Bitcoin and Ethereum or the total anonymity of privacy coins like Monero? Well, Charles Hoskinson believes he has found the middle ground with Midnight Protocol, a project he has famously dubbed the “Manhattan Project” of privacy technology. While Hoskinson frames this as a revolutionary step forward, it is worth noting t

Would you rather choose the glass house transparency of public ledgers like Bitcoin and Ethereum or the total anonymity of privacy coins like Monero? Well, Charles Hoskinson believes he has found the middle ground with Midnight Protocol, a project he has famously dubbed the “Manhattan Project” of privacy technology.

While Hoskinson frames this as a revolutionary step forward, it is worth noting that the concept of optional or selective privacy is not entirely new to the industry. Established projects like PIVX and Zcash have long offered users the choice between transparent and shielded transactions, proving that the technical foundations for such features have existed for years.

Originally conceived as a Cardano sidechain, Hoskinson recently expanded the vision, pitching Midnight as a universal “cross-chain privacy layer” that could serve as a protective shield for Bitcoin and the XRP Ledger (XRPL). In a December 27 post on X, he argued that his protocol could greatly enhance the privacy features of both blockchain networks.

It could add a layer of programmable privacy that Bitcoin lacks, fulfilling Satoshi’s vision of a decentralized electronic cash system that doesn’t expose every transaction to the world. And for XRP, Midnight could enable private DeFi that would allow institutions to handle real-world asset (RWA) tokenization while maintaining the confidentiality required by banking laws.

While the outreach to Bitcoin and XRP is cross-chain in nature, the ultimate beneficiary remains Cardano. Hoskinson expects Midnight to drive massive adoption and 10x Cardano’s DeFi activity.

Despite the ambitious vision, the project faces the typical hurdles of the crypto market. The native token, NIGHT, has seen extreme volatility since its launch, recently dropping over 80% from its initial highs. Critics on platforms like Reddit have expressed skepticism, questioning whether Midnight can truly gain traction against established privacy solutions or if it is another “ghost chain” in the making.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

Is Charles Hoskinson’s Midnight Really The “Manhattan Project” of Privacy? was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Where Does Consumer AI Stand at the End of 2025?

As 2025 comes to a close, consumer AI is entering a new phase. A small number of products now dominate everyday use, multimodal models have unlocked entirely new creative workflows, and the big labs have pushed aggressively into consumer experiences. At the same time, it is becoming clearer which ideas actually changed user behavior and which ones did not. In this episode, a16z consumer investors

As 2025 comes to a close, consumer AI is entering a new phase. A small number of products now dominate everyday use, multimodal models have unlocked entirely new creative workflows, and the big labs have pushed aggressively into consumer experiences. At the same time, it is becoming clearer which ideas actually changed user behavior and which ones did not.

In this episode, a16z consumer investors Anish Acharya, Olivia Moore, Justine Moore, and Bryan Kim look back at the biggest product and model shifts of 2025 and then look ahead to what 2026 may bring. They discuss why consumer AI appears to be trending toward winner-take-most, how subtle product design choices can matter more than raw model quality, and why templates, multimodality, and distribution are shaping the next wave of consumer products.

Where do startups still have room to win? How will the role of the big labs continue to change? And what will it actually take for consumer AI apps to break out at scale in 2026?

 

Resources:

Follow Anish: https://x.com/illscience

Follow Olivia: https://x.com/omooretweets

Follow Justine: https://x.com/venturetwins

Follow Bryan: https://x.com/kirbyman01

 

Stay Updated: 

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://x.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Follow our host: https://x.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Saturday, 27. December 2025

bankless

Why 2026 Will Get Weird

Frontier tech is accelerating, and Ethereum is in the critical path.
Frontier tech is accelerating, and Ethereum is in the critical path.

Predictive AI Takes on Prediction Markets

Synthdata's decentralized network for financial AI gets to work on Polymarket.
Synthdata's decentralized network for financial AI gets to work on Polymarket.

Friday, 26. December 2025

Epicenter Podcast

Solving The AI Black Box: ZK-Proofs in Defence Tech

In this episode, host Sebastian Couture is joined by Ismael Hishon-Rezaizadeh, CEO of Lagrange, to explore the intersection of frontier cryptography and national security. Ismael discusses the transition of zero-knowledge (ZK) technology from a "token-centric" crypto tool to a vital component of defense, specifically focusing on its role in securing autonomous drone swarms and closing the hyperson

In this episode, host Sebastian Couture is joined by Ismael Hishon-Rezaizadeh, CEO of Lagrange, to explore the intersection of frontier cryptography and national security. Ismael discusses the transition of zero-knowledge (ZK) technology from a "token-centric" crypto tool to a vital component of defense, specifically focusing on its role in securing autonomous drone swarms and closing the hypersonic missile gap.




They delve into Deep Proof, Lagrange's ZK-machine learning library, which facilitates verifiable AI execution while protecting sensitive model intellectual property and private input data. Ismael introduces the concept of "Accountable Autonomy," arguing that cryptographic proofs are necessary to ensure that lethal "kill chain" decisions are made by the correct models under verified inputs, removing the risks inherent in "black box" AI decision-making. Finally, the conversation touches on the geopolitical competition with China, the importance of domestic chip manufacturing, and why the US market's ability to align private sector innovation with military needs is a decisive strategic advantage.


Topics

00:00 Intro & Context 04:15 ZKML vs. Venice 09:30 Protecting Model IP 15:00 Dual-Use Defense Pivot 21:45 The Palantir Comparison 27:10 US-China Chip Race 35:20 Drone Swarm Consensus 42:15 Accountable Autonomy Explained 49:00 Kill Chain Verifiability 55:30 EU vs. US Defense


Links

Ismael on X: https://x.com/Ismael_H_R Lagrange Labs: https://www.lagrange.dev/ Anduril Industries: https://www.anduril.com/ Gnosis: https://gnosis.io/



Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io


Defiant

Kalshi’s Weekly Volume Hits $2.3B, Nearly Double Polymarket’s

The prediction market’s volumes accelerated over the past seven days to overtake its main rival.
The prediction market’s volumes accelerated over the past seven days to overtake its main rival.

Lighter Publishes Operations Code Ahead of TGE

The leading perp DEX by trading volume is gearing up for its highly anticipated token airdrop.
The leading perp DEX by trading volume is gearing up for its highly anticipated token airdrop.

Uniswap Passes 'UNIfication' Fee Switch Proposal

The multi-year saga has finally reached a resolution, with the Uniswap DAO voting to funnel a portion of protocol fees to buyback and burn UNI.
The multi-year saga has finally reached a resolution, with the Uniswap DAO voting to funnel a portion of protocol fees to buyback and burn UNI.

PIVX

PIVX Weekly Pulse (Dec. 19th, 2025 — Dec. 25th, 2025)

PIVX Weekly Pulse (Dec. 19th, 2025 — Dec. 25th, 2025) Stay in the loop with the Weekly PIVX Pulse. We’ve rounded up everything you need to know from the last seven days: market trends, exchange news, and everything in between. Market Pulse Masternode Count: PIVX masternode activity continues to show notable consistency, holding steady at 2,097 active nodes. While this is a small decr
PIVX Weekly Pulse (Dec. 19th, 2025 — Dec. 25th, 2025)

Stay in the loop with the Weekly PIVX Pulse. We’ve rounded up everything you need to know from the last seven days: market trends, exchange news, and everything in between.

Market Pulse Masternode Count: PIVX masternode activity continues to show notable consistency, holding steady at 2,097 active nodes. While this is a small decrease from last week’s high of 2,129, the overall trend over the last 14 days remains stable, reflecting a committed base of node operators. Price Check: This week saw a tightening of price action, with PIVX fluctuating within a slim margin of $0.12 to $0.13. Consequently, the weekly average closed at $0.1226, representing an 8.98% decrease from the previous week’s average of $0.1347. Trading Buzz: While total weekly volume adjusted to $15 million (down from $19.1 million), daily trading activity showed continued strength. PIVX maintained a steady pace above $2 million in daily volume throughout the week, seeing only a temporary cooling of activity on Christmas Day before rebounding.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

PIVX Weekly Pulse (Dec. 19th, 2025 — Dec. 25th, 2025) was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

The Best of Bankless 2025

Breaking down our five favorite podcasts and five favorite newsletters of 2025.
Breaking down our five favorite podcasts and five favorite newsletters of 2025.

Defiant

Trust Wallet Confirms $7M Stolen in Browser Extension Hack

The crypto wallet said it will compensate users for lost funds after a malicious version was linked to wallets being drained within hours.
The crypto wallet said it will compensate users for lost funds after a malicious version was linked to wallets being drained within hours.

Crypto Markets Slump as Holiday Trading Stays Quiet

BTC fails to hold $89,000, while ETH continues to trade below $3,000.
BTC fails to hold $89,000, while ETH continues to trade below $3,000.

PIVX

Your Face is Now Your SIM Card

In the ongoing battle against digital fraud, South Korea has decided that a simple ID card and a signature are no longer enough to secure a mobile phone. Starting this week, the Ministry of Science and ICT is rolling out a mandatory facial recognition system for anyone signing up for a new mobile number. While the goal is noble: stop “voice phishing” and identity theft, what could possibly g

In the ongoing battle against digital fraud, South Korea has decided that a simple ID card and a signature are no longer enough to secure a mobile phone. Starting this week, the Ministry of Science and ICT is rolling out a mandatory facial recognition system for anyone signing up for a new mobile number.

While the goal is noble: stop “voice phishing” and identity theft, what could possibly go wrong when real-time biometric verification is involved?

For years, South Korea has been plagued by sophisticated scams. As of November 2025, over 21,500 voice phishing cases were reported, often involving “burner” phones registered under stolen or fabricated names. To slam the door on these fraudsters, the government is requiring the nation’s big three carriers (SK Telecom, KT, and LG Uplus) to implement a real-time “face-to-ID” comparison.

When you walk into a store or sign up online, you won’t just show your ID. You’ll be required to use the “PASS” app to scan your face. The system will then cross-reference your live features against the photo on your government-issued identification. If the pixels don’t match the person, no service for you.

The “Safeguards” (On Paper)

To quell the inevitable privacy outcry, the government has been quick to offer reassurances. They insist the biometric data will not be stored long-term; it is strictly for “one-time” verification to ensure the person holding the ID is the person on the card.

Furthermore, the Ministry plans to tighten laws, forcing retailers to take more responsibility for fraudulent registrations. On the surface, it’s a high-tech fortress designed to make South Korea the most secure mobile market in the world.

The Reality

While the government promises your face data is safe, the track record of the companies tasked with this security is… less than stellar.

Just this past April, SK Telecom, the country’s largest carrier, suffered a massive data breach where hackers walked away with SIM card data for nearly 27 million subscribers. Privacy regulators later found that the company had failed to implement “basic access control,” leaving authentication data virtually unguarded. When the people responsible for securing your biometric scan are the same people who left the digital back door unlocked for half the population, the phrase “real-time verification” starts to sound more like a “real-time liability.”

South Korea is betting that biometrics will finally kill the voice phishing industry. But in a country where one telecom’s “basic” mistake recently exposed the data of 27 million people, the public might find that trading their faces for a phone plan is a high-stakes gamble they didn’t ask to play.

The pilot program is live now, with a full nationwide rollout scheduled for March 2026. Until then, keep your chin up, because the government is watching.

PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.

Your Face is Now Your SIM Card was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Big Ideas 2026: New Infrastructure Primitives

New infrastructure primitives are creating entirely new rails for building. In this episode of Big Ideas 2026, we explore three foundational shifts that unlock new markets and workflows, not through incremental upgrades, but through primitives that compound over time. First, programmable money evolves beyond stablecoins into on-chain credit origination and synthetic financial products, offering

New infrastructure primitives are creating entirely new rails for building.

In this episode of Big Ideas 2026, we explore three foundational shifts that unlock new markets and workflows, not through incremental upgrades, but through primitives that compound over time.

First, programmable money evolves beyond stablecoins into on-chain credit origination and synthetic financial products, offering lower operational costs and greater composability than traditional finance. Second, autonomy begins entering scientific research through collaborative labs, where AI reasoning models work alongside automation and robotics, and interpretability becomes essential for progress. Third, distribution itself becomes a primitive, as AI-native startups win early by selling to other startups at formation, then scale alongside the next generation of companies.

You will hear from Guy Willette on the next phase of on-chain finance, Oliver Shu on autonomous labs and AI-assisted discovery, and James da Costa on the greenfield go-to-market strategy.

Together, these ideas define what new infrastructure primitives really mean: the rails that enable entirely new systems to emerge, compound, and scale.

 

Resources:

Read more all of our 2026 Big Ideas

Part 1: https://a16z.com/newsletter/big-ideas-2026-part-1

Part 2: https://a16z.com/newsletter/big-ideas-2026-part-2/

Part 3: https://a16z.com/newsletter/big-ideas-2026-part-3/

Crypto Big Ideas: https://a16zcrypto.com/posts/article/big-ideas-things-excited-about-crypto-2026/

 

Stay Updated:

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

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Thursday, 25. December 2025

Defiant

RWAs Became Wall Street’s Gateway to Crypto in 2025

In just a year, tokenized real-world assets have gone from an idea to billions in on-chain liquidity, shaking up traditional finance.
In just a year, tokenized real-world assets have gone from an idea to billions in on-chain liquidity, shaking up traditional finance.

Stablecoins Became Crypto’s First Mainstream Use Case in 2025

From payrolls to real estate, stablecoins were among the few crypto sectors that kept growing throughout the year.
From payrolls to real estate, stablecoins were among the few crypto sectors that kept growing throughout the year.

The Biggest Names in Crypto Predict New Bitcoin Highs and a Tokenization Boom in 2026

Institutional forecasts for 2026 point to steadier markets, real-world tokenization, growing stablecoin adoption, and AI-driven on-chain systems.
Institutional forecasts for 2026 point to steadier markets, real-world tokenization, growing stablecoin adoption, and AI-driven on-chain systems.

a16z Podcast

Big Ideas 2026: Physical AI and the Industrial Stack

AI is moving into the physical economy. In this episode of Big Ideas 2026, we explore what changes when AI leaves the screen and becomes part of factories, construction sites, supply chains, and critical infrastructure. When the product is physical, reliability matters, real-world constraints appear quickly, and the advantage shifts from standalone software to end-to-end systems. You will hear f

AI is moving into the physical economy.

In this episode of Big Ideas 2026, we explore what changes when AI leaves the screen and becomes part of factories, construction sites, supply chains, and critical infrastructure. When the product is physical, reliability matters, real-world constraints appear quickly, and the advantage shifts from standalone software to end-to-end systems.

You will hear from Erin Price-Wright on factory-first principles, Ryan McEntush on the electro-industrial stack, Zabie Elmgren on physical observability, and Will Bitsky on why data, not compute, determines who wins.

Together, these ideas define what physical AI really means: not smarter chat, but deployable systems built for the real world, grounded in new operating models, industrial infrastructure, and defensible data collection.

 

Resources:

Follow Ryan McEntush on X: https://x.com/rmcentush

Follow Erin Price-Wright on X: https://x.com/espricewright

Follow Zabie Elmgren on X: https://x.com/zabie_e

Follow Will Bitsky on X: https://x.com/willbitsky

Read more all of our 2026 Big Ideas

Part 1: https://a16z.com/newsletter/big-ideas-2026-part-1

Part 2: https://a16z.com/newsletter/big-ideas-2026-part-2/

Part 3: https://a16z.com/newsletter/big-ideas-2026-part-3/

 

Stay Updated:

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

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Wednesday, 24. December 2025

a16z Podcast

Big Ideas 2026: Voice Agents and High-Stakes Trust

Voice is becoming one of the fastest paths for AI to do real work, especially in regulated environments where accuracy and compliance matter. In this episode, we look at voice agents replacing and augmenting phone-based workflows, what trust and measurement look like when AI runs sensitive interactions, and how healthcare and consumer products shift toward continuous monitoring and deeper connecti

Voice is becoming one of the fastest paths for AI to do real work, especially in regulated environments where accuracy and compliance matter. In this episode, we look at voice agents replacing and augmenting phone-based workflows, what trust and measurement look like when AI runs sensitive interactions, and how healthcare and consumer products shift toward continuous monitoring and deeper connection. The throughline is simple: as AI enters higher-stakes moments, the winners will be the systems people can trust and actually rely on.

 

Resources:

Follow Olivia Moore on X: https://x.com/omooretweets

Follow Bryan Kim on X: https://x.com/kirbyman01

Follow Julie Yoo on X: https://x.com/julesyoo

Read more all of our 2026 Big Ideas

Part 1: https://a16z.com/newsletter/big-ideas-2026-part-1

Part 2: https://a16z.com/newsletter/big-ideas-2026-part-2/

Part 3: https://a16z.com/newsletter/big-ideas-2026-part-3/

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

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Defiant

Shift4 Launches Multi-Chain Stablecoin Support for Merchants

The U.S. payments giant, serving hundreds of thousands of businesses, now offers 24/7 settlement in four stablecoins.
The U.S. payments giant, serving hundreds of thousands of businesses, now offers 24/7 settlement in four stablecoins.

Prediction Markets Expand from DeFi Niche to Global News Sources

Polymarket has been thrust into the mainstream limelight in 2025, making it one of the year’s breakout products.
Polymarket has been thrust into the mainstream limelight in 2025, making it one of the year’s breakout products.

Bitcoin Slips Below $87,000 in Choppy Holiday Trading

Top altcoins remain under pressure amid muted ETF flows and thin liquidity.
Top altcoins remain under pressure amid muted ETF flows and thin liquidity.

PUMP Plummets as Legal Dispute Escalates

Burwick Law has filed a misconduct notice against pumpfun, alleging intimidation and retaliation against the defendants.
Burwick Law has filed a misconduct notice against pumpfun, alleging intimidation and retaliation against the defendants.

Hyperliquid Launches Portfolio Margin and BLP Pre-Alpha

The feature adds a more flexible approach to margin management, as well as earning and borrowing features to Hypercore.
The feature adds a more flexible approach to margin management, as well as earning and borrowing features to Hypercore.

Tuesday, 23. December 2025

bankless

Ethereum’s 2025 Stress Test

DATs, stablecoins, foundation restructuring, Fusaka, privacy, and everything else that defined the World Computer's chaotic year.
DATs, stablecoins, foundation restructuring, Fusaka, privacy, and everything else that defined the World Computer's chaotic year.

The 10 Biggest NFT Stories of 2025

From the SEC closing NFT cases to the CryptoPunks entering MoMA, here's a retro of the NFT moments that mattered most in 2025.
From the SEC closing NFT cases to the CryptoPunks entering MoMA, here's a retro of the NFT moments that mattered most in 2025.

a16z Podcast

Big Ideas 2026: The Enterprise Orchestration Layer

AI is becoming the orchestration layer inside the enterprise. In this episode of Big Ideas 2026, we explore the shift from isolated AI copilots to coordinated multi-agent systems that plan, analyze, and execute work across teams and tools. This is not a new feature, but a new way workflows run inside large organizations. You will hear from Seema Amble on context extraction and coordinated agent

AI is becoming the orchestration layer inside the enterprise.

In this episode of Big Ideas 2026, we explore the shift from isolated AI copilots to coordinated multi-agent systems that plan, analyze, and execute work across teams and tools. This is not a new feature, but a new way workflows run inside large organizations.

You will hear from Seema Amble on context extraction and coordinated agent teams, Angela Strange on why unified data and parallel workflows accelerate core replacement, Alex Immerman on multiplayer AI and execution boundaries, and David Haber on what makes these systems commercially defensible.

Together, these perspectives define the enterprise orchestration layer: not a chatbot and not a standalone tool, but a coordinated system of agents that runs the workflow and delivers real outcomes across the business.

 

Resources:

Follow Angela Strange on X: https://x.com/astrange

Follow David Haber on X: https://x.com/dhaber

Follow Alex Immerman on X: https://x.com/aleximm

Follow Seema Amble on X: https://x.com/seema_amble

Read more all of our 2026 Big Ideas

Part 1: https://a16z.com/newsletter/big-ideas-2026-part-1

Part 2: https://a16z.com/newsletter/big-ideas-2026-part-2/

Part 3: https://a16z.com/newsletter/big-ideas-2026-part-3/

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

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Follow our host: https://x.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 

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Defiant

Bitcoin Slides Back Below $88,000 as ‘Santa Rally’ Gets Derailed

Most Top 10 cryptocurrencies are in the red, with Bitcoin and Ethereum posting the largest losses.
Most Top 10 cryptocurrencies are in the red, with Bitcoin and Ethereum posting the largest losses.

Aave Founder Calls Contentious Token Alignment Proposal ‘Bad for Aave’

Stani Kulechov claims that moving forward with the proposal would negatively impact Aave Protocol, the DAO, and token holders.
Stani Kulechov claims that moving forward with the proposal would negatively impact Aave Protocol, the DAO, and token holders.

Token Launches With Low FDVs Vastly Outperformed Hyped Debuts in 2025: Memento Research

Most tokens launched in 2025 are now trading well below their initial valuations, with projects that started at smaller FDVs outperforming billion-dollar debuts.
Most tokens launched in 2025 are now trading well below their initial valuations, with projects that started at smaller FDVs outperforming billion-dollar debuts.

Polymarket Volumes Surge on Layer 2 Speculation

The leading decentralized prediction market clocked its busiest weekend since the 2024 US presidential election.
The leading decentralized prediction market clocked its busiest weekend since the 2024 US presidential election.

Monday, 22. December 2025

bankless

How Trump Reshaped Crypto in 2025

It's been a wild first year of term two, and Donald Trump is largely living up to his self-declaration as 'America's First Crypto President.'
It's been a wild first year of term two, and Donald Trump is largely living up to his self-declaration as 'America's First Crypto President.'

Defiant

Crypto Markets Rally Ahead of Holidays

Bitcoin and Ethereum rise over 2% while SKY and NEAR lead the altcoin market.
Bitcoin and Ethereum rise over 2% while SKY and NEAR lead the altcoin market.

Uniswap is about to “turn on the switch.” with Hayden Adams

In this episode of The Defiant Podcast, Uniswap founder Hayden Adams joins us right as the UNIfication (Unification) proposal has moved to a final governance vote—a sweeping plan from Uniswap Labs + the Uniswap Foundation that would activate protocol fees, introduce a programmatic UNI burn, and realign how value accrues across the Uniswap ecosystem.
In this episode of The Defiant Podcast, Uniswap founder Hayden Adams joins us right as the UNIfication (Unification) proposal has moved to a final governance vote—a sweeping plan from Uniswap Labs + the Uniswap Foundation that would activate protocol fees, introduce a programmatic UNI burn, and realign how value accrues across the Uniswap ecosystem.

Magma Devs Launches RPC Smart Router on Google Cloud

The new tool distributes requests across multiple providers to reduce outages and delays on public blockchains.
The new tool distributes requests across multiple providers to reduce outages and delays on public blockchains.

Coinbase CEO Debates Base App’s Strategic Focus

Brian Armstrong responds to community feedback about the Base App, which now blends finance and social features.
Brian Armstrong responds to community feedback about the Base App, which now blends finance and social features.

a16z Podcast

Big Ideas 2026: The Agentic Interface

AI is moving from chat to action. In this episode of Big Ideas 2026, we unpack three shifts shaping what comes next for AI products. The change is not just smarter models, but software itself taking on a new form. You will hear from Marc Andrusko on the move from prompting to execution, Stephanie Zhang on building machine-legible systems, and Sarah Wang on agent layers that turn intent into outc

AI is moving from chat to action.

In this episode of Big Ideas 2026, we unpack three shifts shaping what comes next for AI products. The change is not just smarter models, but software itself taking on a new form.

You will hear from Marc Andrusko on the move from prompting to execution, Stephanie Zhang on building machine-legible systems, and Sarah Wang on agent layers that turn intent into outcomes.

Together, these ideas tell a single story. Interfaces shift from chat to action, design shifts from human-first to agent-readable, and work shifts to agentic execution. AI stops being something you ask, and becomes something that does.

 

Resources:

Follow Marc Andrusko on X: https://x.com/mandrusko1

Follow Stephanie Zhang on X: https://x.com/steph_zhang  

Follow Sarah Wang on X: https://x.com/sarahdingwang

Read more all of our 2026 Big Ideas

Part 1: https://a16z.com/newsletter/big-ideas-2026-part-1

Part 2: https://a16z.com/newsletter/big-ideas-2026-part-2/

Part 3: https://a16z.com/newsletter/big-ideas-2026-part-3/

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

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Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Follow our host: https://x.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see http://a16z.com/disclosures.

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Defiant

Curve DAO Rejects $6.2 Million Swiss Stake Funding Proposal

Tokenholders denied a proposal to allocate 17.4 million CRV tokens to Curve’s core development firm.
Tokenholders denied a proposal to allocate 17.4 million CRV tokens to Curve’s core development firm.

Tokenized Equity Sector Surges 2500% in 2025

The market capitalization of tokenized stocks is approaching $1 billion, from just $32 million at the beginning of the year.
The market capitalization of tokenized stocks is approaching $1 billion, from just $32 million at the beginning of the year.

Saturday, 20. December 2025

bankless

Crypto's Yearly Candles

David Hoffman: 2025 was slightly red for ETH and BTC, and we should prep for another transitional year in 2026.
David Hoffman: 2025 was slightly red for ETH and BTC, and we should prep for another transitional year in 2026.

Friday, 19. December 2025

bankless

Base's Relentless 2025

A challenging 2025 for Ethereum L2s didn’t slow Coinbase’s homegrown chain.
A challenging 2025 for Ethereum L2s didn’t slow Coinbase’s homegrown chain.

Ethereum Core Devs Pin 'Hegota' Upgrade on 2026 Roadmap

Hegota is scheduled to follow the impending Glamsterdam upgrade.
Hegota is scheduled to follow the impending Glamsterdam upgrade.

Defiant

LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

The CEX removed maker and taker fees across spot, derivatives, and tokenized securities as competition intensifies among crypto exchanges.
The CEX removed maker and taker fees across spot, derivatives, and tokenized securities as competition intensifies among crypto exchanges.

bankless

Terraform Labs Liquidator Blames Jump Trading for Terra-Luna Collapse

The bankruptcy administrator is suing Jump et al. for $4B.
The bankruptcy administrator is suing Jump et al. for $4B.

Michael Selig Confirmed as CFTC Chair

Selig is being celebrated as a pro-crypto pick.
Selig is being celebrated as a pro-crypto pick.

x402 V2 and the Road to Agentic Commerce

Understanding the most impactful changes of x402's V2 and soberly assessing its protocol activity, which is both inflated and growing steadily.
Understanding the most impactful changes of x402's V2 and soberly assessing its protocol activity, which is both inflated and growing steadily.

Defiant

Coinbase Sues Three States Over Prediction Market Restrictions

The lawsuits were filed just before the Senate confirmed Trump’s pick to lead what would be prediction markets' federal regulator, the CFTC.
The lawsuits were filed just before the Senate confirmed Trump’s pick to lead what would be prediction markets' federal regulator, the CFTC.

DPRK Hackers Avoid DeFi Lending Even as On-Chain Laundering Scales: Chainalysis

North Korean hackers are increasingly moving stolen crypto through bridges or mixers.
North Korean hackers are increasingly moving stolen crypto through bridges or mixers.

Bitcoin Stabilizes Near $88K as Selling Pressure Persists

Large-caps slump as ETF outflows and macro fears weigh on market sentiment.
Large-caps slump as ETF outflows and macro fears weigh on market sentiment.

a16z Podcast

The Rise, Fall & Reset of The Fintech Industry

Fintech went from a full-blown surge to a near standstill in just two years. At its peak, about 25 percent of all venture dollars were pouring into the category. By late 2022, that number had collapsed to almost zero. In this conversation, a16z General Partner David Haber and Plaid cofounder and CEO Zach Perret unpack what actually happened during that cycle and why the market is heating up again.

Fintech went from a full-blown surge to a near standstill in just two years. At its peak, about 25 percent of all venture dollars were pouring into the category. By late 2022, that number had collapsed to almost zero. In this conversation, a16z General Partner David Haber and Plaid cofounder and CEO Zach Perret unpack what actually happened during that cycle and why the market is heating up again.

We explore how the industry moved from the explosive growth of 2020 and 2021 into a deep freeze, and why we are now seeing real momentum return. We also dig into the forces reshaping fintech today: AI’s outsized impact on fraud and underwriting, incumbents finally embracing external software, the renewed importance of deposits, and the rise of embedded finance across entirely new categories.

Zach shares how Plaid has navigated these shifts, what the company is building now, and how he sees the next phase of fintech taking shape.

 

Resources:

Find Zach on X: https://x.com/zachperret

Find David on X: https://x.com/dhaber

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see http://a16z.com/disclosures

.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Thursday, 18. December 2025

Defiant

Synthetix Unveils Perpetual DEX on Ethereum Mainnet

The DeFi protocol is releasing an onchain-offchain hybrid CLOB perp exchange on DeFi’s largest Layer 1.
The DeFi protocol is releasing an onchain-offchain hybrid CLOB perp exchange on DeFi’s largest Layer 1.

bankless

Coinbase Rolls Out Stocks, Prediction Markets in 'Everything Exchange' Push

The company also announced Solana DEX access, derivatives, and stablecoin tools in a sweeping expansion.
The company also announced Solana DEX access, derivatives, and stablecoin tools in a sweeping expansion.

The New Autonomous Forest Experiment on Ethereum

A primer on terra0’s Autonomous Forest, an NFT project using art, Ethereum, and a DAO to explore collective forest stewardship.
A primer on terra0’s Autonomous Forest, an NFT project using art, Ethereum, and a DAO to explore collective forest stewardship.

December's Hottest Crypto Token Movers

Five coins we're watching closely over the coming holiday weeks.
Five coins we're watching closely over the coming holiday weeks.

European Central Bank President Pressures EU Lawmakers to Adopt CBDC

Technical and preparatory work is complete for the launch of digital euros.
Technical and preparatory work is complete for the launch of digital euros.

Defiant

Lido Outlines $60M Plan to Expand Beyond Liquid Staking

DeFi’s largest liquid staking provider has proposed expanding into stablecoin yield with new products aimed at institutions.
DeFi’s largest liquid staking provider has proposed expanding into stablecoin yield with new products aimed at institutions.

bankless

New York Stock Exchange Parent Co. Plotting MoonPay Investment: Bloomberg

Intercontinental Exchange is in talks to invest in MoonPay's latest funding round.
Intercontinental Exchange is in talks to invest in MoonPay's latest funding round.

Defiant

Intuit Partners with Circle to Integrate Stablecoin Infra, USDC Across Its Platform

The move aims to speed up payments, refunds, and remittances across the finance management giant's products.
The move aims to speed up payments, refunds, and remittances across the finance management giant's products.

US Online Bank SoFi Launches Native Stablecoin

The online banking giant is continuing to dive back into crypto and what it calls the “blockchain super cycle.”
The online banking giant is continuing to dive back into crypto and what it calls the “blockchain super cycle.”

Greylock Partners

Introducing Tin Can: The Landline is a Network Again

The post Introducing Tin Can: The Landline is a Network Again appeared first on Greylock.

Defiant

Bitcoin Retraces Back Below $89,000 as Traders Unsure of Next Move

Top-10 cryptocurrencies are flat or slightly up today, but remain in the red on the weekly timeframe.
Top-10 cryptocurrencies are flat or slightly up today, but remain in the red on the weekly timeframe.

Epicenter Podcast

Aztec's Rebirth, The $61M Token Sale & Programmable Privacy on Ethereum

Fresh off the launch of the Ignition Chain and a successful community-led $61M token sale, Aztec Network co-founder Zac Williamson joins Friederike Ernst to unpack the "existential" journey of building programmable privacy. Zac opens up about the "sacrificial altar" moment where the team decided to kill their live product, Aztec Connect which had 60k users because they realized true decentralized

Fresh off the launch of the Ignition Chain and a successful community-led $61M token sale, Aztec Network co-founder Zac Williamson joins Friederike Ernst to unpack the "existential" journey of building programmable privacy. Zac opens up about the "sacrificial altar" moment where the team decided to kill their live product, Aztec Connect which had 60k users because they realized true decentralized privacy required rebuilding from scratch rather than iterative upgrades.



They dive deep into the architecture of the new network, which utilizes a hybrid state model (encrypted UTXOs for privacy, public accounts for transparency) to enable composable applications. Zac challenges the cryptographic dogma of "don't roll your own crypto," arguing that for pioneers, relying on "battle-tested" libraries is impossible. He explains why decentralized sequencers are not just a moral choice but a security necessity to prevent government-mandated backdoors.



Finally, Zac contrasts the chaotic but decentralized resistance to surveillance in the US with the increasing top-down control in the UK and Europe, framing Aztec as essential "defense in depth" for the digital age.



Topics

00:00 Intro  03:45 The "Sacrificial Altar": Killing Aztec Connect 10:15 Hybrid Architecture: UTXOs vs. Accounts 16:30 Why You Must "Roll Your Own Crypto" 22:00 Decentralization as a Defense Against Backdoors 28:15 Performance: Throughput & Latency Trade-offs 34:40 Private Smart Contracts: Gaming & Identity 41:00 The Macro View: US vs. EU Surveillance


Links

Gnosis: https://gnosis.io/ Zac Williamson on X: https://twitter.com/Zac_Aztec Aztec Network: https://aztec.network Noir Language: https://noir-lang.org


Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io


Defiant

Top Solana Lending Protocol Adds Superstate Tokenized Shares as Collateral

Tokenized Forward Industries shares can now be used as collateral on Kamino.
Tokenized Forward Industries shares can now be used as collateral on Kamino.

Coinbase Unveils 'End-to-End' RWA Tokenization Platform

Coinbase Tokenize brings traditional assets on-chain and is part of the firm’s broader push beyond crypto trading, including into stock trading and prediction markets.
Coinbase Tokenize brings traditional assets on-chain and is part of the firm’s broader push beyond crypto trading, including into stock trading and prediction markets.

BlueYard Capital

BlueYard leads ZeroPhase’s €5.8M seed

Resilient communication for unmanned defense systems, built and battle-tested in Ukraine We first met ZeroPhase CTO Benjamin when he was still a professor. He was building software-defined radios between lectures to send to the frontlines in Ukraine — where he saw a gap in radio frequency capabilities. With no budget and no contacts, he shipped 500 radios capable of operating under intense b

Resilient communication for unmanned defense systems, built and battle-tested in Ukraine

We first met ZeroPhase CTO Benjamin when he was still a professor. He was building software-defined radios between lectures to send to the frontlines in Ukraine — where he saw a gap in radio frequency capabilities. With no budget and no contacts, he shipped 500 radios capable of operating under intense battlefield pressure.

We introduced Benjamin to Florian — now ZeroPhase’s CEO — who we’d known from his time at Blickfeld. Florian brought the operational muscle to scale Benjamin’s technical vision into a category-defining company.

Today, we’re proud to announce that BlueYard is leading ZeroPhase’s €5.8M seed round.

Today, unmanned systems are everywhere — flying and sailing into places humans can’t or shouldn’t go. These systems operate semi-autonomously and feed data to one another in real time. In Ukraine alone, tens of thousands of drones are active at any given moment, accounting for roughly 70% of strikes on personnel and equipment.

But these systems depend on one fragile layer: communication. A jammed signal, a congested network, a burst of interference can bring an entire mission offline. As defense grows more distributed and autonomous, maintaining reliable links under pressure is only becoming more urgent. Connectivity is the new battleground.

That’s where ZeroPhase comes in. The Munich-based team builds and deploys software-defined data links that keep unmanned defense systems connected when it matters most. Their tech is already powering thousands of missions in Ukraine, keeping teams connected even under enormous operational stress.

At BlueYard, we’ve spent years backing founders rebuilding the underlying systems — the rails the world runs on — from compute to biology to defense. Communication is one of these foundational systems.

We’re excited to be backing Benjamin, Florian and the team on this important mission.

Disclaimer: The information contained in this article has been prepared solely for informational purposes and is not an offer to sell or a solicitation of an offer to purchase an interest in any entity managed by BlueYard Capital (“BlueYard”). Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold, or directly invest in the company or its securities. It may not be modified, reproduced, or redistributed in whole or in part without the prior written consent of BlueYard. Portfolio company information presented herein is for informational purposes only and not intended to be a guarantee of certain investment results. BlueYard does not represent that the information herein is accurate, true, or complete, makes no warranty, express or implied, regarding the information herein and shall not be liable for any losses, damages, costs, or expenses relating to its adequacy, accuracy, truth, completeness, or use. All other company, product and service names or service marks of others and their use does not imply their endorsement of, or an association with this program.


Defiant

Blockchain Fragmentation Could Cost Tokenized Asset Market Billions: RWAio

The new research highlights tokenized RWA sector inefficiencies and calls for cross-chain interoperability.
The new research highlights tokenized RWA sector inefficiencies and calls for cross-chain interoperability.

a16z Podcast

Do Revenue and Margins Still Matter in AI?

In this episode, we’re sharing a conversation with David George, General Partner at a16z on the firm’s growth investing team. David has been involved in backing many of the defining companies of this era and is now investing behind a new wave of AI startups. This discussion goes deep into how the a16z growth practice operates: how the team hires and develops a “Yankees-level” culture, how investm

In this episode, we’re sharing a conversation with David George, General Partner at a16z on the firm’s growth investing team. David has been involved in backing many of the defining companies of this era and is now investing behind a new wave of AI startups.

This discussion goes deep into how the a16z growth practice operates: how the team hires and develops a “Yankees-level” culture, how investment decisions get made without traditional committees, and how they build long-term relationships with founders years before investing.

A major focus is AI. David talks through how the team is investing across the stack and why he believes this period could create some of the largest companies ever built.

He also walks through the models that guide his thinking: why markets often misprice consistent growth, what makes “pull” businesses so durable, why many important markets become winner-take-all, and what he’s learned from studying exceptional founders — especially the “technical terminators” he’s drawn to.

 

Resources:

Follow Harry Stebbings on X: https://twitter.com/HarryStebbings

Follow David George on X: https://twitter.com/DavidGeorge83

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures](http://a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wednesday, 17. December 2025

Defiant

Hyperliquid Proposes Burning 13% of Circulating Supply

The Hyper Foundation is looking to lock tokens in the Hyperliquid Assistance Fund, permanently removing nearly $1 billion in HYPE from the circulating and total supply.
The Hyper Foundation is looking to lock tokens in the Hyperliquid Assistance Fund, permanently removing nearly $1 billion in HYPE from the circulating and total supply.

bankless

Senators Introduce SAFE Crypto Act Against Scams

U.S. Senators Slotkin and Moran propose bipartisan SAFE Crypto Act to combat crypto fraud through federal coordination and private sector input.
U.S. Senators Slotkin and Moran propose bipartisan SAFE Crypto Act to combat crypto fraud through federal coordination and private sector input.

David Hoffman's 2026 Crypto Predictions

Tokenization wins, ICOs return, and crypto’s next narratives take shape.
Tokenization wins, ICOs return, and crypto’s next narratives take shape.

Defiant

DTCC Taps Canton Network to Test Tokenized Treasuries

The global financial infra giant says it chose the Layer 1 to protect sensitive trading data.
The global financial infra giant says it chose the Layer 1 to protect sensitive trading data.

Legacy Yearn Vault Exploited in Second Attack on the Protocol This Month

An iEarn vault from an earlier version of the veteran DeFi protocol was exploited for roughly $300,000, just weeks after Yearn lost $9 million.
An iEarn vault from an earlier version of the veteran DeFi protocol was exploited for roughly $300,000, just weeks after Yearn lost $9 million.

bankless

Tether Deploys PeerPass, Peer-to-Peer Password Management Service

The password manager aims to eliminate cloud breach risks.
The password manager aims to eliminate cloud breach risks.

DTCC Selects Digital Asset's Canton Network for Tokenization Initiative

Canton is the first blockchain selected for DTCC's impending tokenization service.
Canton is the first blockchain selected for DTCC's impending tokenization service.

Defiant

Russia’s Biggest Bank Sberbank Pilots ‘DeFi Tools’ for TradFi Convergence

Russia’s largest lender says it is piloting DeFi instruments as legal crypto markets in the country remain in early development.
Russia’s largest lender says it is piloting DeFi instruments as legal crypto markets in the country remain in early development.

a16z Podcast

The Crime Crisis In America and How Technology Fixes It

What if America tried to eliminate crime instead of just reacting to it? Not with slogans, but with staffing, technology, and strategy scaled to the problem.  In this episode, Erik Torenberg speaks with Garrett Langley, founder and CEO of Flock Safety, and Ben Horowitz, cofounder of a16z, about what is happening in the cities that are trying. Flock now works with over 5,000 communities to de

What if America tried to eliminate crime instead of just reacting to it? Not with slogans, but with staffing, technology, and strategy scaled to the problem. 

In this episode, Erik Torenberg speaks with Garrett Langley, founder and CEO of Flock Safety, and Ben Horowitz, cofounder of a16z, about what is happening in the cities that are trying. Flock now works with over 5,000 communities to detect crime, recover missing children, and close cases faster than ever. Ben has been closely involved in Las Vegas, where Flock technology, drones, and community policing have raised clearance rates while reducing use of force. 

They outline what a real national crime-reduction strategy could look like: solving the police staffing crisis, using intelligence to make policing safer, understanding why clearance rates have collapsed, and how public–private partnerships are filling gaps cities cannot. They also tackle the hard questions around privacy, criminal justice failures, and the hidden role of organized crime in everyday offenses. 

Timecodes: 

0:00 — Introduction and the Cost of Crime

1:09 — Technology, Privacy, and Trust in Policing

1:22 — Eliminating Crime: A National Strategy

2:54 — People: Staffing, Culture, and Recruitment

8:45 — Products: Technology in Modern Policing

9:41 — Policy: Accountability and Prosecution

20:11 — Community Policing and Clearance Rates

25:16 — Case Study: Las Vegas and Public-Private Partnerships

32:00 — Criticisms, Privacy, and Trust

35:23 — Economic Mobility, Safety, and Social Impact

36:44 — Reform, Recidivism, and Alternative Approaches

52:14 — Organized Crime and Policy Challenges

54:32 — The Future of Policing: Intelligence and Precision

57:24 — Success Stories and Conclusion


Resources: 

Follow Garrett on X: https://twitter.com/glangley 

Follow Ben on X: https://twitter.com/bhorowitz 

Stay Updated: 

If you enjoyed this episode, be sure to like, subscribe, and share with your friends! 

Find a16z on X: https://twitter.com/a16z 

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z 

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX 

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711 

Follow our host: https://x.com/eriktorenberg 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details, please see a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Defiant

Bitcoin Rallies Back Over $90,000 as Alts See Modest Gains

Ethereum broke back above $3,000 this morning as markets caught some relief
Ethereum broke back above $3,000 this morning as markets caught some relief

Uniform Labs Launches Multiliquid to Unlock Liquidity for Tokenized RWAs

The protocol was founded by former team members of Standard Chartered and UniCredit.
The protocol was founded by former team members of Standard Chartered and UniCredit.

Tuesday, 16. December 2025

Defiant

Aave DAO Controversy Rekindles Debate on Tokenholder Rights


bankless

Which Blockchain Will Win RWAs?

The future of RWAs is a winner-take-most game.
The future of RWAs is a winner-take-most game.

Breaking Down Sport.fun’s $FUN Token Sale

Taking a closer look at the Sport.fun ICO.
Taking a closer look at the Sport.fun ICO.

Trump to Review Pardon for Samourai Wallet Co-Founder

Trump was asked Tuesday about the prospect of a pardon for Samourai Wallet co-founder Keonne Rodriguez, sentenced to five years for running an “unlicensed money transmitter.”
Trump was asked Tuesday about the prospect of a pardon for Samourai Wallet co-founder Keonne Rodriguez, sentenced to five years for running an “unlicensed money transmitter.”

Visa Announces Stablecoin Settlement Pilot Program on Solana

Cross River Bank and Lead Bank were early participants in the trial program.
Cross River Bank and Lead Bank were early participants in the trial program.

FDIC Proposes Framework for Banks to Issue Stablecoins

The banking regulator is soliciting public feedback for the next 60 days.
The banking regulator is soliciting public feedback for the next 60 days.

Defiant

SEC Commissioner Peirce, Crypto Experts Say Privacy Is Key to Crypto Adoption

The recent SEC Crypto Task Force roundtable discussed the rising demand for privacy tools and the need for compliant solutions as crypto adoption grows.
The recent SEC Crypto Task Force roundtable discussed the rising demand for privacy tools and the need for compliant solutions as crypto adoption grows.

Gnosis Hard Fork to Recover Balancer Funds Sparks Debate on Immutability

The move to return frozen funds following the Balancer hack has split the Gnosis community over governance and the limits of “code is law.”
The move to return frozen funds following the Balancer hack has split the Gnosis community over governance and the limits of “code is law.”

Visa Unveils Stablecoin Settlement in the United States

One of the largest payments network in the world is launching USDC settlement after a two-year pilot program.
One of the largest payments network in the world is launching USDC settlement after a two-year pilot program.

Bitcoin Struggles to Stay Above $87,000 as Ethereum Leads Top-10 Losses

Markets extended losses on Tuesday, with most large-cap crypto assets in the red.
Markets extended losses on Tuesday, with most large-cap crypto assets in the red.

Prediction Market Monthly Volumes Grew 130x Since 2024: Keyrock, Dune

A new joint report shows rapid growth, high accuracy, and strong adoption for the sector.
A new joint report shows rapid growth, high accuracy, and strong adoption for the sector.

a16z Podcast

Ryo Lu (Cursor): AI Turns Designers to Developers

Ryo Lu spent years watching his designs die in meetings. Then he discovered the tool that lets designers ship code at the speed of thought: Cursor, the company where Ryo is now Head of Design. In this episode, a16z General Partner Jennifer Li sits down with Ryo to discuss why "taste" is the wrong framework for understanding the future, why purposeful apps are "selfish," how System 7 holds secrets

Ryo Lu spent years watching his designs die in meetings. Then he discovered the tool that lets designers ship code at the speed of thought: Cursor, the company where Ryo is now Head of Design. In this episode, a16z General Partner Jennifer Li sits down with Ryo to discuss why "taste" is the wrong framework for understanding the future, why purposeful apps are "selfish," how System 7 holds secrets about AI interfaces, and the radical bet that one codebase can serve everyone if you design the concepts right instead of the buttons.

 

Timecodes:

00:01:45 - Design Becomes Approachable to Everyone

00:02:36 - From Years to Minutes: Product Feedback Loops Collapse

00:07:54 - "Each role used their own tool...their own lingo"

00:13:15 - "If you don't have an opinion, you’ll get AI slop"

00:17:18 - The Lost Art of Being a Complete Builder

00:21:42 - Design Is Not About Aesthetics

00:28:57 - User-Centric vs System-Centric Philosophy

00:34:00 - AI as Universal Interface, Not Chat Box

00:38:42 - "Simplicity is the Biggest Constraint"

00:43:42 - "I Don't Sit in Figma All Day Making Mocks"

00:46:33 - RyoOS: Building A Personal Operating System

00:48:45 - "We've been doing the same thing since 1984"

 

Resources:

Follow Ryo Lu on X: https://x.com/ryolu_

Follow Jennifer Li on X: https://x.com/JenniferHli

Follow Erik Torenberg on X: https://x.com/eriktorenberg

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!  

Find a16z on X: https://x.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Follow our host: https://x.com/eriktorenberg

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Monday, 15. December 2025

bankless

The 2025 Bankless Holiday Gift Guide

The gifts the Bankless team is shopping for to spread some holiday cheer, onchain and offchain.
The gifts the Bankless team is shopping for to spread some holiday cheer, onchain and offchain.

Strategy Announces Another Billion-Dollar Weekly BTC Buy

MSTR shares closed Monday's trading session more than 8% down.
MSTR shares closed Monday's trading session more than 8% down.

Defiant

TradeXYZ Faces Backlash After Whale Triggers Weekend Liquidations

Critics are taking the 3.5% sell-off as an opportunity to denounce 24/7 equity perpetuals trading.
Critics are taking the 3.5% sell-off as an opportunity to denounce 24/7 equity perpetuals trading.

bankless

Circle Acquihires Axelar's Labs Team & IP

Axelar's AXL is down nearly 25% off today's high as token-holders were left cold.
Axelar's AXL is down nearly 25% off today's high as token-holders were left cold.

J.P. Morgan Debuts Tokenized Money Market Fund on Ethereum

The U.S. dollar yield fund will be available exclusively to qualified investors.
The U.S. dollar yield fund will be available exclusively to qualified investors.

Defiant

J.P. Morgan Launches Tokenized Money Market Fund on Ethereum

The MONY fund gives qualified investors on-chain access to U.S. Treasury-backed yields.
The MONY fund gives qualified investors on-chain access to U.S. Treasury-backed yields.

Bitcoin Dips Below $87,000 as Analysts Debate Bear Market

Bitcoin has dropped 3% over the past few hours, dragging major altcoins lower.
Bitcoin has dropped 3% over the past few hours, dragging major altcoins lower.

SushiSwap Approves SUSHI Emissions Boost in Vote Controlled by Single Wallet

SushiSwap approved a plan to sharply increase SUSHI token emissions, with the decision driven almost entirely by a single voting wallet.
SushiSwap approved a plan to sharply increase SUSHI token emissions, with the decision driven almost entirely by a single voting wallet.

Saturday, 13. December 2025

bankless

This Crypto Cycle Skipped ETH

With this cycle firmly in its twilight, it feels like ETH never had its moment.
With this cycle firmly in its twilight, it feels like ETH never had its moment.

Friday, 12. December 2025

bankless

Solana’s Firedancer Client Finally Goes Live

Jump Crypto’s new validator software aims to reduce centralization risk and boost performance.
Jump Crypto’s new validator software aims to reduce centralization risk and boost performance.

Public Token Sales Are Back: Here Are 3 We're Watching

Octra, Gensyn and Rainbow are among the crypto projects looking to ride the wave of renewed ICO excitement.
Octra, Gensyn and Rainbow are among the crypto projects looking to ride the wave of renewed ICO excitement.

Defiant

Interactive Brokers Enables Stablecoin Deposits

Retail traders can now fund their IBKR accounts with stablecoin transfers.
Retail traders can now fund their IBKR accounts with stablecoin transfers.

bankless

Is Bittensor's Halving Bullish?

Breaking down the nuances of TAO's upcoming halving, how some elements may be comparable to Bitcoin's, but how subnets add a level of complexity.
Breaking down the nuances of TAO's upcoming halving, how some elements may be comparable to Bitcoin's, but how subnets add a level of complexity.

Defiant

Crypto Markets Post Minor Losses Amid Tech Sell-Off

Bitcoin hovered around $90,000 while Ethereum declined by 3.5% on the day.
Bitcoin hovered around $90,000 while Ethereum declined by 3.5% on the day.

bankless

U.S. National Banking Regulator Grants Trust Charters to Five Crypto Banks

BitGo, Circle, Fidelity, Paxos, and Ripple have all received national trust bank charters.
BitGo, Circle, Fidelity, Paxos, and Ripple have all received national trust bank charters.

a16z Podcast

AI Eats the World: Benedict Evans on the Next Platform Shift

AI is reshaping the tech landscape, but a big question remains: is this just another platform shift, or something closer to electricity or computing in scale and impact? Some industries may be transformed. Others may barely feel it. Tech giants are racing to reorient their strategies, yet most people still struggle to find an everyday use case. That tension tells us something important about where

AI is reshaping the tech landscape, but a big question remains: is this just another platform shift, or something closer to electricity or computing in scale and impact? Some industries may be transformed. Others may barely feel it. Tech giants are racing to reorient their strategies, yet most people still struggle to find an everyday use case. That tension tells us something important about where we actually are.

In this episode, technology analyst and former a16z partner Benedict Evans joins General Partner Erik Torenberg to break down what is real, what is hype, and how much history can guide us. They explore bottlenecks in compute, the surprising products that still do not exist, and how companies like Google, Meta, Apple, Amazon, and OpenAI are positioning themselves.

Finally, they look ahead at what would need to happen for AI to one day be considered even more transformative than the internet.

Timestamps: 

0:00 – Introduction 
0:17 – Defining AI and Platform Shifts
1:50 – Patterns in Technology Adoption
6:04 – AI: Hype, Bubbles, and Uncertainty
13:25 – Winners, Losers, and Industry Impact
19:00 – AI Adoption: Use Cases and Bottlenecks
24:00 – Comparisons to Past Tech Waves
32:00 – The Role of Products and Workflows
40:00 – Consumer vs. Enterprise AI
46:00 – Competitive Landscape: Tech Giants & Startups
51:00 – Open Questions & The Future of AI

Resources:

Follow Benedict on LinkedIn: https://www.linkedin.com/in/benedictevans/

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see http://a16z.com/disclosures.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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bankless

Aave Labs Catches Flak for Undisclosed Fee Diversion

Some token holders view the situation as 'extremely concerning,' while Aave Labs sees itself in the right.
Some token holders view the situation as 'extremely concerning,' while Aave Labs sees itself in the right.

Defiant

DTCC Gets SEC Clearance to Pilot Tokenized U.S. Securities

The three-year pilot program will test tokenized stock, ETFs, and Treasury securities on L1s and L2s.
The three-year pilot program will test tokenized stock, ETFs, and Treasury securities on L1s and L2s.

Terra Founder Do Kwon Sentenced to 15 Years in Prison

The Terra founder is set to serve half his sentence in the United States and the latter half in South Korea for the $40 billion LUNA fraud.
The Terra founder is set to serve half his sentence in the United States and the latter half in South Korea for the $40 billion LUNA fraud.

Solana Lending Markets Surge as Network Positions for Trillion-Dollar DeFi Future: Redstone

A new report highlights rising TVL and intense competition among new protocols.
A new report highlights rising TVL and intense competition among new protocols.

HyENA Volume Crosses $50 Million in First 48 Hours

The Hyperliquid front-end developed by Based is now the second-largest HIP-3 market.
The Hyperliquid front-end developed by Based is now the second-largest HIP-3 market.

Thursday, 11. December 2025

bankless

Major U.S. Clearinghouse Receives SEC Go Ahead to Initiate Asset Tokenization

The SEC has authorized a DTCC subsidiary to issue tokenized assets.
The SEC has authorized a DTCC subsidiary to issue tokenized assets.

Galaxy Digital Borrows $50M from Coinbase, Franklin Templeton Using Blockchain

The loan was placed by JPMorgan and tokenized on Solana as USCP.
The loan was placed by JPMorgan and tokenized on Solana as USCP.

Do Kwon Sentenced to 15 Years Imprisonment, Exceeding Prosecutor Recommendation

Kwon's sentence exceeds the prosecutor-recommended 12 years.
Kwon's sentence exceeds the prosecutor-recommended 12 years.

Binance Expands USD1’s Footprint Across Its Platform

Fresh off a presidential pardon, CZ's Binance is moving to put World Liberty Financial's native stablecoin front-and-center.
Fresh off a presidential pardon, CZ's Binance is moving to put World Liberty Financial's native stablecoin front-and-center.

2025's Five Hottest DeFi Protocols

In a year with no shortage of crypto headlines, these protocols made an outsized impact.
In a year with no shortage of crypto headlines, these protocols made an outsized impact.

Coinbase Killing USDC Rewards Program for Free Users

Starting December 15, only paying Coinbase subscribers will receive USDC rewards.
Starting December 15, only paying Coinbase subscribers will receive USDC rewards.

Checking Out Zapper's New Farcaster Client

As Farcaster doubles down on its wallet, new clients like Zapper highlight the social protocol’s decentralization.
As Farcaster doubles down on its wallet, new clients like Zapper highlight the social protocol’s decentralization.

Defiant

JellyJelly Rockets 120% on App Store Release

The video chat app built by Venmo co-founder Iqram Magdon-Ismail launched its token earlier this year.
The video chat app built by Venmo co-founder Iqram Magdon-Ismail launched its token earlier this year.

Epicenter Podcast

Will stablecoins end the US debt Crisis?

Ethereum co-founder Joe Lubin joins Friederike Ernst to discuss why we are at the "end of a supercycle," a chaotic transition period where legacy institutions are finally adopting blockchain rails not just for efficiency, but for survival. They explore the "inevitable convergence" where the US government may actively rely on stablecoins to absorb debt, effectively using crypto to extend the lifesp

Ethereum co-founder Joe Lubin joins Friederike Ernst to discuss why we are at the "end of a supercycle," a chaotic transition period where legacy institutions are finally adopting blockchain rails not just for efficiency, but for survival. They explore the "inevitable convergence" where the US government may actively rely on stablecoins to absorb debt, effectively using crypto to extend the lifespan of the dollar. At the same time, banks scramble to compete with self-custodial wallets.



Joe also details the structural evolution of Consensys, from an "organic blob" incubating projects like Gnosis to a focused software powerhouse. He differentiates Linea from competitors by highlighting its commitment to permissionless innovation where anyone can deploy a rollup without a "sign-off". He shares his vision for MetaMask evolving into a user-owned "full-service bank.


Topics

00:00 Intro & Paradigm Shift 04:15 Crypto-Anarchy vs. Enterprise 10:30 Banks & Stablecoins 16:00 The Economic Supercycle 24:45 Consensys History & Spin-outs 33:20 Linea & Decentralization 42:15 L1 Scaling & ZK 48:00 Permissionless Rollups 55:30 Future Optimism

Links

Joe Lubin on X: https://twitter.com/ethereumJoseph Consensys: https://consensys.io Linea: https://linea.build MetaMask: https://metamask.io Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io


Greylock Partners

RL in Real Life: Durable Moats

The post RL in Real Life: Durable Moats appeared first on Greylock.

The post RL in Real Life: Durable Moats appeared first on Greylock.


Sequoia

Partnering with Serval: Empowering IT for AI Enterprise Automation

The post Partnering with Serval: Empowering IT for AI Enterprise Automation appeared first on Sequoia Capital.
Partnering with Serval: Empowering IT for AI Enterprise Automation

Jake, Alex and their team are giving IT teams the power to bring AI automation from their own department to every part of the organization.

By Anas Biad, Pat Grady, Charlie Curnin and Brian Halligan Published December 11, 2025 JAKE AND ALEX.

IT is one of the most critical functions inside any company. Every employee depends on it, every system flows through it, and almost every operational challenge eventually becomes an IT problem. When IT slows down, everyone feels it: employees are blocked waiting on support, onboarding is painful, rolling out new tools gets bottlenecked, and entire company initiatives end up stalled.

Yet despite IT’s central role, the last decade of tooling has not truly empowered them. The powerful tools are heavy to set up and brittle to maintain; the easy-to-use tools focus on narrow use cases and deflection rather than true automation. IT teams are eager to automate and are more technical than business users. They have experimented with scripts, workflow builders, and more, but the limitations of all these tools still force them to spend the majority of their time on manual work, preventing them from focusing on higher-impact work and enabling the rest of their organizations.

Jake and Alex, the co-founders of Serval, experienced this firsthand at Verkada, where they led Product and Engineering and sold primarily to IT teams. They heard the same half-joking request countless times, and it wasn’t about Verkada’s products. They would ask customers, “What else can we build for you?” and IT leaders would reply, “Can you fix my helpdesk too?” These conversations led them to two key insights: 

The first was that true automation only works if it is faster to automate something forever than to do it manually once. The second came from watching the few IT leaders who did take the time to build automations. They would first describe the workflow in one simple sentence, then reveal a sprawling tree of branches, nodes, conditions, and edge cases. Jake and Alex wondered: what if you could actually build the entire automation the same way you describe it? What if one simple sentence truly was enough?

These insights were not possible to execute on in the past. Prior generations of AI were not strong enough to make it work, which meant IT teams continued working through manual tasks. That has now changed. With modern LLMs, code generation, and reasoning capabilities, it is finally possible to build a platform where “automate forever” is faster than “fix once.”

Serval is built precisely to deliver on this, and the team is not stopping there. They are using this moment not only to build a system of automation, but to rethink the entire ITSM system of record. As our own Sequoia IT leader, Leon, shared when they chose to become a Serval customer: “Serval is not AI for ITSM – it is ITSM built from AI.”

At the heart of the platform is an AI automation engine that lets teams go from a simple sentence to a deployment-ready automation. IT can describe workflows in natural language, then refine them further – either in natural language or all the way down to code when needed. This combination of being simple enough for anyone to use, yet deep enough for the most advanced IT builders, has resonated strongly with customers. The workflows are fully explainable and traceable, with all necessary permissions included, giving IT teams complete visibility and control and eliminating hallucination risk.

While their automation engine integrates with existing systems of records, Serval has also built a full-fledged ITSM platform, including a ticketing system, an access management product, an asset management solution, and more. Serval is both the system of engagement and the system of record. This gives IT a single place to build and orchestrate automations, enforce security and compliance, and capture the data that compounds their automation over time.

Customer feedback has been exceptional. We consistently heard how easy Serval is to use, yet how powerful, traceable, and trustworthy its automations are in practice. IT leaders described day-to-day operations being transformed – automation percentages rising every week, employee satisfaction increasing, and IT teams finally having the bandwidth to tackle projects that had been stuck on the back burner for years.

What was also exceptional, and, to be perfectly honest, not something we expected to hear at this stage: 

Many customers have already fully ripped and replaced incumbent ITSM tools and now use Serval as their system of record. Automation quickly spread beyond IT into HR, Finance, Legal, Engineering, Security, and more. In some cases, companies have churned off dedicated software vendors for some departments because they rebuilt their workflows directly in Serval.

At Sequoia, the last time we heard such customer feedback that supports the thesis of IT system of record empowering horizontal enterprise automation was 16 years ago, when we partnered with ServiceNow. That is why we were so eager to partner with Serval and preempt their Series B round.

The market thesis is one half of the story. The other half is the team. References for Jake and Alex – from managers, direct reports, and peers – were glowing. Even more importantly, those references aligned perfectly with the evidence we heard from customers and what we’ve observed in talent flows. Strong talent from R&D to GTM is choosing to join Serval, whether or not they have worked with the founders before. The talent density and “potential energy” forming around the company are impressive and represent one of the strongest leading indicators we look for.

Empowering IT teams is an elegant and scalable way to bring AI automation to the enterprise. We are excited to partner with Jake, Alex, and the team at Serval on this journey.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Funding announcement Partnering with Profound By Anas Biad, Brian Halligan and Alfred Lin News Read Partnering with Traversal By Bogomil Balkansky and Charlie Curnin News Read Partnering with Nominal By Anas Biad and Alfred Lin News Read Partnering with Listen Labs By Bryan Schreier and Charlie Curnin News Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with Serval: Empowering IT for AI Enterprise Automation appeared first on Sequoia Capital.

Wednesday, 10. December 2025

bankless

Stripe Acquires Team Behind Valora Crypto Wallet

Stripe acqui-hired the Valora wallet team, adding mobile-first and emerging markets expertise from the Celo ecosystem.
Stripe acqui-hired the Valora wallet team, adding mobile-first and emerging markets expertise from the Celo ecosystem.

Hyperliquid & The Year Perps Caught Fire

Perpetuals exchange fever spread throughout 2025 and Hyperliquid led the way. As competition surges, can it keep winning?
Perpetuals exchange fever spread throughout 2025 and Hyperliquid led the way. As competition surges, can it keep winning?

Tether Expands Beyond Crypto with Launch of AI Health Tracking Platform

Crypto's largest stablecoin issuer is pushing the frontier of AI and health.
Crypto's largest stablecoin issuer is pushing the frontier of AI and health.

OCC Calls Out America's Top Banks for 'Unlawful' Debanking Behavior

The banking regulator listed the digital asset industry among other impacted sectors.
The banking regulator listed the digital asset industry among other impacted sectors.

a16z Podcast

How the Best CEOs Delegate

Jonathan Swanson has built two rare successes: Thumbtack, the home-services marketplace, and Athena, the fast-growing platform that pairs ambitious people with world-class personal assistants. Today he runs a 4,000-person company, invests on the side, and raises four kids — all by designing his life around leverage. a16z General Partner, Erik Torenberg, sits down with Jonathan to unpack what

Jonathan Swanson has built two rare successes: Thumbtack, the home-services marketplace, and Athena, the fast-growing platform that pairs ambitious people with world-class personal assistants. Today he runs a 4,000-person company, invests on the side, and raises four kids — all by designing his life around leverage.

a16z General Partner, Erik Torenberg, sits down with Jonathan to unpack what that actually looks like. They discuss how elite assistant culture shaped his philosophy, why delegation is a skill most founders never truly learn, and how the combination of humans and AI is redefining personal productivity. Jonathan explains why he believes ambition grows with leverage, not the other way around, and breaks down how he delegates everything from scheduling to search processes to entire life systems.

They also get into the future of work, the rise of machine-generated delegation, the expanding role of chiefs of staff, and how founders can design their time around the few things that matter most. It’s a conversation about work, life, and the systems that allow people to operate at scale.

Timecodes

0:00 – Introduction

1:52 – The power of delegation: from the White House to Thumbtack

03:13 – Human vs. AI assistants: the future of delegation

05:30 – Levels of delegation: from tasks to algorithms

07:31 – Principles of effective delegation

08:50 – Delegation & productivity hacks

10:46 – The future: machine-generated delegation

12:36 – Global talent & leveraging international teams

13:33 – Assistants and financial leverage

14:45 – Company culture across borders

16:18 – Assistants as accountability partners

17:52 – Coaching, feedback, and the human element

19:30 – Goal setting, time management, and prioritization

23:07 – Frameworks for founders: time, energy, and meetings

26:06 – The efficient path vs. the effect path

28:19 – Executive hiring: principles and pitfalls

30:19 – Reference check signals 

33:09 – Principles for company transparency

36:55 – Cofounder relationships & company building

39:19 – Chief of staff vs. executive assistant

40:06 – Learning from high-performers: Lonsdale, Elon, Thiel, etc.

47:10 – Building your universe: org structures and talent networks

52:33 – Managing founder psychology & staying in the game

Resources:

Follow Jonathan on X: https://x.com/swaaanson

Follow our host: https://twitter.com/eriktorenberg

 

Stay Updated:

If you enjoyed this episode, be sure to like, subscribe, and share with your friends!

Find a16z on X: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX

Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see http://a16z.com/disclosures

.

Stay Updated:

Find a16z on X

Find a16z on LinkedIn

Listen to the a16z Show on Spotify

Listen to the a16z Show on Apple Podcasts

Follow our host: https://twitter.com/eriktorenberg

 

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Brave Browser

AI browsing in Brave Nightly now available for early testing

Today, we're announcing the availability of Brave's new AI browsing feature in Brave Nightly for early experimentation and user feedback. When ready for general release, this agentic experience aims to turn the browser into a truly smart partner, automating tasks and helping people accomplish more.

Today, we’re announcing the availability of Brave’s new AI browsing feature in Brave Nightly (our testing and development build channel) for early experimentation and user feedback. When ready for general release, this agentic experience aims to turn the browser into a truly smart partner, automating tasks and helping people accomplish more.

However, agentic browsing is also inherently dangerous. Giving an AI control of your browsing experience could expose personal data, or allow agentic AI to take unintended actions. Security measures are tricky to get right and disastrous when they fail, as we have shown through numerous vulnerabilities we found and responsibly disclosed over the last few months. Indirect prompt injections are a systemic challenge facing the entire category of AI-powered browsers.

For this reason, we’ve chosen a careful approach to releasing AI browsing in the Brave browser and soliciting input from security researchers. We are offering AI browsing behind an opt-in feature flag in the Nightly version of Brave, which is the browser build we use for testing and development. We’ll continue to build upon our defenses over time with feedback from the public. At present, these safeguards include:

AI browsing is currently available only in the Nightly channel behind an opt-in feature flag, via Brave’s integrated AI assistant Leo. AI browsing happens only in an isolated browsing profile, keeping your regular browsing data safe. AI browsing has restrictions and controls built into the browser. AI browsing uses reasoning-based defenses as an additional guardrail against malicious websites. The AI browsing experience has to be manually invoked, ensuring that users retain complete control over their browsing experience. Like all AI features in Brave, AI browsing is completely optional, off by default.

While these mitigations help significantly, users (even early testers) should know that such safeguards do not eliminate risks such as prompt injection. As an open-source browser, we welcome bug reports and feature requests on GitHub. We also encourage anyone who discovers a security issue in AI browsing to report that issue to our bug bounty program. In this early release phase, valid and in-scope security issues in AI browsing will receive double our usual reward amounts (see our HackerOne page for more details).

Despite its risks, AI browsing shows great promise. As we outlined in our 2025 browser AI roadmap update, we’re confident that a smart and personalized collaborator that adapts to your needs can ultimately transform the way you browse the Web. For instance, it could research topics by visiting and analyzing multiple websites, compare products across different shopping sites, check for valid promo codes before purchases and summarize news the way you like it. The security and privacy challenges are novel and significant, but given the potential for AI browsing to become a widely-adopted browser feature, we first need to get feedback from early testers, and iterate towards a solution that is safe for all users (See “How to test AI browsing” section below).

Preventing the AI agent from taking unwanted actions

At root, the security and privacy risks of agentic browsing have to do with alignment: you want to prevent the AI from taking unintended actions. This is a hard security and privacy problem. Given how open-ended inputs can be for AI browser agents, and given the browser’s level of access to the Web, a given prompt could apply to basically any request on almost any website.

Adding to this challenge, reasoning models are probabilistic: the same request of the AI model could produce different results at different times, so the output space of possible AI browser agent actions is hard to limit. 

It would be easy if security engineers could simply tell an LLM (large language model) never to do “bad things.” Unfortunately, given the browser’s level of access and the reasoning capabilities of today’s models, it would be naive to assume that this strategy would work in isolation. It’s still relatively easy to subvert models into performing risky actions, and we want to avoid a situation where we’re constantly chasing new security vulnerabilities (“whack-a-mole”).

Additionally, while we’re concerned about indirect prompt injections on websites (where an attacker embeds malicious instructions in Web content through various methods), we’re also aware that the security threat model with agentic browsing doesn’t always need an attacker: in some cases, the AI could simply misinterpret user commands. To put it simply, the two risks we want to protect Brave users from are:

Malicious actors who want to do prompt injection on a website The model getting confused and taking an action that’s harmful to the user

We believe any agentic browsing experience should have robust protections against these two threats.

Defenses against security threats

Given the potential for harm, the protections outlined below are not an exhaustive list, but what we consider minimally necessary before rolling out an agentic experience even for early user testing.

Isolated storage for AI browsing

Many Brave users will likely be logged into sensitive websites (e.g., their banking website or email account) in their main Brave browser profile. With AI browsing, we need to prevent possible attackers from gaining access to those logged-in services. Brave’s AI browsing therefore keeps its storage separate from your regular profile: cookies, logged-in state, caches, and other site data do not cross profiles. This limits harm if defenses fail and a model is manipulated into a dangerous action.

Given the inherent risk of agentic browsing, the user must manually invoke AI browsing. When you enable AI browsing, Brave creates a brand-new browser profile. This new profile isolates all data available to the AI agent.

For now, we believe that this approach of completely isolating your browsing data is the safest approach to AI browsing.

Model-based protections

We also use a second model to check the work of the AI agent’s model (the task model). This “alignment checker” serves as a guardrail: it receives the system prompt, the user prompt, and the task model’s response, and then checks if the task model’s instructions match the user’s intention. This checker does not directly receive raw website content—by firewalling it from untrusted website input, we can reduce (but not eliminate) the risk of subversion by page-level prompt injection. We also provide security-aware system instructions: a structured prompt authored by us that encodes policy-based rules we will refine over time. In addition, we use models trained to mitigate prompt injections, such as Claude Sonnet.

It’s worth noting that guardrails are not proof of safety—they can help against, but not eliminate, risk. LLMs are non-deterministic and fallible, and the output of the task model can be subverted by untrusted page content to specifically attack the alignment checker model.

Browser controls and UX

A core goal of privacy engineering is to reduce user surprise. To this end, AI browsing in Brave must be deliberately invoked by the user. While the regular AI-assistant Leo can now suggest browsing actions based on the user’s prompt, it can never on its own initiate AI browsing without consent. And, similar to how Private Windows and Private Windows with Tor in Brave browser are styled differently, the AI browsing profile is styled differently from Leo, and has distinct action cues. This helps make it obvious to users that they’re in AI browsing mode.

Users of AI browsing in Brave can inspect and pause sessions, and the AI cannot by itself delete session logs. All browsing on your behalf happens in an open tab, rather than being hidden in a sidebar. And, as always, the user can delete all data from the agentic session at any time.

Safeguards include:

AI browsing does not have access to internal pages (such as brave://settings), non-HTTPS pages, extension pages on the Web Store, or websites flagged by Safe Browsing. Actions detected as misaligned by our reasoning-model-based protections (as explained above) will trigger a warning for the user and require explicit permission. For both agentic and in-browser assistant use cases, users clearly see any memory proposed for saving, which they can then undo (this prevents “saved” prompt injection attacks). Unparalleled privacy

As a privacy-first company, we enforce our strict no-logs, no-retention data privacy policy, maintaining Brave’s commitment to protecting your data.

This is worth emphasizing. AI browsing in Brave never trains on your data, unlike other agentic browsers.

As always, even while in AI browsing, you get all of the Brave browser’s best-in-class privacy protections including blocking of invasive ads and trackers.

A note on permission prompting

We are not using a per-site permission prompting approach (example: “allow agentic actions on example.com?”) for AI browsing. Our browser development experience shows that repeated, low-signal security prompts with incomplete contexts train users to ignore warnings, which leads to diminished protection. We want to be careful when asking users to make a security-critical decision and will reserve this for specific actions that are detected as potentially risky by our model-based protections. We may reevaluate our per-site permissioning approach later, pending feedback from users and researchers, and insights into how users are using AI in the browser.

AI browsing never has access to internal pages (such as brave://settings or brave://settings/privacy), non-HTTPS pages, Chrome Web Store, or websites flagged by Safe Browsing.

The future of AI browsing in Brave

AI browsing is powerful, and we’re excited to see it live for user testing in Nightly. At the same time, we want to protect the user and uphold Brave’s core promise of privacy and security. This is a work in progress; AI browsing is not an experience that should be rushed out the door at the expense of users’ privacy and security. We expect to learn much from user feedback, and to make improvements and contributions that will also benefit the entire agentic browser space. We’re building the agentic experience with transparency, restraint, and respect for user intent. Ultimately, AI is just one tool toward Brave’s original mission: to empower and protect people online. That’s the line we’re drawing, and we’re looking forward to feedback from users and researchers to help us walk that line well.

How to test AI browsing

For those who wish to test it, AI browsing is available in Brave Nightly via the “Brave’s AI browsing” flag in brave://flags. A feature flag is essentially a switch in a secondary settings page where advanced users can enable or disable experimental features. Testers can enable AI browsing within Leo, the Brave browser’s integrated AI assistant, via the button in the message input box. Like all AI features in Brave, AI browsing is completely optional, and Leo can be disabled by users.

More details about AI browsing can be found here. We welcome tester feedback and requests here, and bug reports here.

Tuesday, 09. December 2025

Sequoia

The Abundance Paradox: Why Netflix Paid $82B for Scarcity

The post The Abundance Paradox: Why Netflix Paid $82B for Scarcity appeared first on Sequoia Capital.
The Abundance Paradox

Why Netflix’s $82B Acquisition Makes Sense in the Era of AI

By Konstantine Buhler Published December 9, 2025

Netflix recently entered into a definitive agreement to buy Warner Brothers for over $82B in Enterprise Value. It’s being called the biggest, most consequential deal in Hollywood history. The purchase comes with intellectual property including Batman, Superman, Harry Potter, Game of Thrones, The Big Bang Theory, The Sopranos, The Matrix, Lord of the Rings (film rights), Godzilla/MonsterVerse, Mad Max, and Mortal Kombat.

IP like this became more valuable in the internet age, and will become even more valuable in the age of AI. Earlier this year, I published an internal Sequoia memo detailing the implications of AI on the IP industry. Given the big news, I thought it would be nice to share a few excerpts with my friends and colleagues more broadly.

If We Have AGI…

On a recent work trip to Paris, a profound irony struck me at the Musée d’Orsay. The museum, a glorious former train station, is a temple to the Industrial Revolution. Its collection, spanning 1848 to 1914, chronicles the period of history’s most rapid industrialization.

Edgar Degas: Course de Gentleman (Gentlemen’s Race)

The art is filled with tributes to this new age: Monet paints locomotives at La Gare Saint-Lazare, smokestacks fill the background of Degas’ Course de Gentlemen, and the Traders in factory-made clothing. It is a museum drenched in the dawn of industrialization.

Claude Monet: La Gare Saint-Lazare

This is where the paradox lies. This was the exact moment in history when the cost to reproduce a piece of art dropped precipitously. What was once near-impossible, replicating a masterpiece, became trivially cheap. Logically, as near-perfect copies became ubiquitous, the value of the “original” should have plummeted. And yet, the opposite happened. The great lesson of the d’Orsay is this: instead of becoming worthless in the age of manufacturing, these original works became priceless. As reproduction became easy, the value and allure of the original only went up.

Edgar Degas: At the Stock Exchange

Here’s why IP is well positioned in an AI future:

If we have AGI, or even inexpensive content creation, that will drive down the cost of intelligence. That affordable intelligence will be used to create an abundance of content. Humans will react to abundance with a desire for familiarity and quality. The value of the “original” will only increase. In this era, “original” works will increase in value quickly. These “originals” include art, real estate, and intellectual property. Intellectual property that has already earned a spot in our minds will benefit disproportionately. In the AI Era, nostalgic content will benefit disproportionately as it is manifest in countless different ways.

As content production costs approach zero, the marginal cost of new content will also become negligible, leading to an explosion in content volume. This content flood will profoundly shift the value of attention, the primary currency in this new landscape. Undifferentiated content will rapidly lose value, and consumers will be far less willing to invest time in new content unless it’s algorithmically recommended by dominant platforms. Very few new content concepts will break out, following an extreme Power Law.

Success in this environment will hinge on “attention distribution,” defined as a consumer’s inherent interest in a specific piece of content. Nostalgic content is poised to become the most valuable. In a world saturated with novelty, authentic nostalgic content will be incredibly difficult to simulate accurately; even slight deviations from the original will feel inauthentic and cheap.

Consumers will be willing to pay for nostalgic content due to its relatively low cost. For parents, the decision to purchase authentic nostalgic content for their children over a knockoff, especially when the real item is priced reasonably, becomes a clear choice.

The Impending Content Deluge and the Scarcity of Attention

The ubiquity of General AI will drastically reduce the marginal cost of content production, approaching zero. This will unleash an unprecedented explosion in content volume, creating a hyper-saturated information environment. In this landscape, human attention, rather than content itself, will become the primary scarce resource and the dominant currency. Undifferentiated content, easily replicable and ubiquitous, will rapidly depreciate in value. Consumers, overwhelmed by choice, will increasingly rely on algorithmic recommendations from dominant content platforms to filter and curate their experiences, leading to a profound shift in content discovery and consumption patterns.

Attention Distribution: The New Competitive Moat

Success in this AI-driven content economy will hinge on “attention distribution,” defined as a consumer’s inherent and deeply ingrained interest in a specific piece of content. This is distinct from mere algorithmic visibility, as it speaks to an intrinsic desire to engage with content. While AI can generate novel content at scale, it will struggle to replicate the nuanced emotional resonance and deeply embedded cultural references that drive genuine attention.

The Inherent Value of Authentic Nostalgic Content

Nostalgic content is uniquely positioned to become the most valuable asset in this future. The core arguments for its enduring value are:

Difficulty of Authentic Simulation: While AGI can mimic styles and tropes, accurately simulating authentic nostalgic content will be incredibly challenging. The most popular feature in Sora 2 is their “Cameo” feature, which pulls in authentic characters and people into the AI generated worlds. Even minute deviations from the original, like a slight alteration in a beloved character’s voice, a subtle anachronism in a period piece, or a deviation in the execution of a well-known narrative, will register as “inauthentic” or “cheap” to a discerning audience. The emotional connection to nostalgic content is often rooted in precise, well-remembered details, making it highly resistant to imperfect algorithmic replication. This is akin to the “uncanny valley” in robotics, where near-human but imperfect simulations evoke discomfort rather than acceptance. Consumer Willingness to Pay: Despite the approaching zero marginal cost of content, consumers will demonstrate a significant willingness to pay for authentic nostalgic content.

Conclusion

As AI democratizes content creation, the landscape will shift dramatically. The true scarcity will be human attention, and the ultimate value will reside in content that can capture and hold that attention through genuine emotional resonance. Authentic nostalgic content, by virtue of its irreplicable emotional depth and its proven ability to connect across generations, represents a highly defensible and appreciating asset in this evolving digital economy. Investors should prioritize companies that control and strategically leverage these invaluable cultural touchstones.

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The post The Abundance Paradox: Why Netflix Paid $82B for Scarcity appeared first on Sequoia Capital.


bankless

The CFTC's Growing Crypto Power

America's financial regulators are rethinking their reach in an era of digital assets. The CFTC is starting to show its hand.
America's financial regulators are rethinking their reach in an era of digital assets. The CFTC is starting to show its hand.

PNC Bank Launches Direct BTC Trading for Private Banking Clients

PNC Private Bank clients now enjoy direct BTC trading.
PNC Private Bank clients now enjoy direct BTC trading.

OCC Gives U.S. Banks Permission to Broker Crypto Transactions

U.S. banks can now act as market makers for crypto transactions.
U.S. banks can now act as market makers for crypto transactions.

Magic Eden's New Plays: Packs and Lucky Buy Explained

Magic Eden’s newest features offer quick, playful ways to engage onchain.
Magic Eden’s newest features offer quick, playful ways to engage onchain.

Tether-Backed 'Twenty One' Completes SPAC Merger with Cantor Equity Partners

The newco's shares lost one-quarter of their value on the first day of trading.
The newco's shares lost one-quarter of their value on the first day of trading.

Sequoia

Partnering with fal: The Generative Media Company

The post Partnering with fal: The Generative Media Company appeared first on Sequoia Capital.
Partnering with fal: The Generative Media Company

We are excited to announce that Sequoia is leading the Series D in fal.

By Sonya Huang and James Flynn Published December 9, 2025 fal Co-Founders Burkay Gur and Gorkem Yurtseven.

Humans are visual creatures. Images and video are the most immersive forms of content. It’s no accident that more than 80% of internet traffic is video, that social platforms are becoming image- and video-first, and that video games and movies are the largest categories of consumer spend.

Generative media will be even bigger. At Sequoia’s inaugural AI Ascent event in 2023, Jensen Huang made the provocative prediction that “Every pixel will be generated, not rendered.” Today, that dream appears closer than ever: frontier video and image models have crossed the uncanny valley, and the first compelling use cases of generative media are starting to emerge across advertising, cinema, storytelling and more.

Projects that once demanded years of work and $100M budgets can now be explored much more quickly and affordably, opening the door to new creative possibilities. We’re seeing generative media begin to transform familiar media use cases: digital ads, viral TikToks, short films, and micro dramas. There will also be wholly new experiences created that we can’t even begin to imagine, from education to personalized media to generated games. The doors to building with creative AI are wide open to anybody with a computer. 

fal has built the leading platform for enterprises and developers to build with generative media models. Video models are compute-intensive and finicky to work with, and creating wonderful outputs requires excellence on multiple levels. fal offers AI creatives exactly what they want for this exciting but strange new paradigm, including 400+ models available on-demand across open- and closed-weight (including models like OpenAI Sora and DeepMind Veo), Day 0 support for new model releases, incredibly fast inference speeds, an ergonomic developer API, an advanced playground UI, and enterprise features around model fine-tunes, styles and collaboration.

fal’s customers are the tastemakers of generative media, with use cases ranging from e-commerce (Shopify) to creative suites (Adobe and Canva) to AI-native platforms (Perplexity) to millions of individual developers. While the momentum behind the business has been staggering, we are even more excited by the quality and caliber of teams currently experimenting on fal, creating immersive new education experiences, virtual pets, indie animation studios, and more. If even a small subset of these explorations make it to production, the world will be a dramatically more colorful, entertaining place.

We are delighted to partner with co-founders Burkay Gur (Coinbase ML) and Gorkem Yurtseven (Amazon) and Head of Engineering Batuhan Taskaya (the youngest-ever Python core developer and maintainer). The team is spiky up and down the platform stack, from having one of the best kernel and compiler inference teams in the world, to nurturing model provider relationships with finesse, to grassroots devrel. Their early bet on generative media shows up across their relationships with model providers, infrastructure performance and ability to dream with creators.

We are at the beginning of a compute explosion in generative video. As the generative media wave accelerates, fal is the inference platform powering the future of AI-first creativity. The team is growing fast to keep up with that demand, and we at Sequoia are proud to lead their Series D.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Funding announcement Partnering with Mercury By Sonya Huang and Isaiah Boone News Read Partnering with Zed By Sonya Huang and James Flynn News Read Partnering with Aspora: Diaspora Banking Goes Global By Luciana Lixandru, George Robson and James Flynn News Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with fal: The Generative Media Company appeared first on Sequoia Capital.


a16z Podcast

The $3 Trillion AI Coding Opportunity

Originally published on the a16z Infra podcast. We're resurfacing it here for our main feed audience. AI coding is already actively changing how software gets built. a16z Infra Partners Yoko Li and Guido Appenzeller break down how "agents with environments" are changing the dev loop; why repos and PRs may need new abstractions; and where ROI is showing up first. We also cover token economics for

Originally published on the a16z Infra podcast. We're resurfacing it here for our main feed audience.

AI coding is already actively changing how software gets built.

a16z Infra Partners Yoko Li and Guido Appenzeller break down how "agents with environments" are changing the dev loop; why repos and PRs may need new abstractions; and where ROI is showing up first. We also cover token economics for engineering teams, the emerging agent toolbox, and founder opportunities when you treat agents as users, not just tools.

 

Resources:

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see http://a16z.com/disclosures

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Monday, 08. December 2025

bankless

Trading RWA Perps with Ostium

Access macro markets onchain with Ostium's RWA perpetuals on Arbitrum.
Access macro markets onchain with Ostium's RWA perpetuals on Arbitrum.

SEC Closes Ondo Finance Probe with No Charges

The SEC has ended its years-long investigation into Ondo Finance without action.
The SEC has ended its years-long investigation into Ondo Finance without action.

Strategy Announces New BTC Buys as MSTR Shares Stabilize

Strategy's billion dollar bitcoin buy comes with MSTR up 17% off its December lows.
Strategy's billion dollar bitcoin buy comes with MSTR up 17% off its December lows.

StableChain Mainnet Launches with STABLE Token

Bitfinex-backed StableChain goes live as a USDT-native Layer 1 for payments.
Bitfinex-backed StableChain goes live as a USDT-native Layer 1 for payments.

BlackRock Officially Files for iShares Staked ETH ETF

iShares will be listed and traded on NASDAQ under the ticker symbol "ETHB."
iShares will be listed and traded on NASDAQ under the ticker symbol "ETHB."

a16z Podcast

The 80-Year Bet: Why Naveen Rao Is Rebuilding the Computer from Scratch

Naveen Rao is cofounder and CEO of Unconventional AI, an AI chip startup building analog computing systems designed specifically for intelligence. Previously, Naveen led AI at Databricks and founded two successful companies: Mosaic (cloud computing) and Nervana (AI accelerators, acquired by Intel).  In this episode, a16z’s Matt Bornstein sits down with Naveen at NeurIPS to discuss why 80 yea

Naveen Rao is cofounder and CEO of Unconventional AI, an AI chip startup building analog computing systems designed specifically for intelligence. Previously, Naveen led AI at Databricks and founded two successful companies: Mosaic (cloud computing) and Nervana (AI accelerators, acquired by Intel). 

In this episode, a16z’s Matt Bornstein sits down with Naveen at NeurIPS to discuss why 80 years of digital computing may be the wrong substrate for AI, how the brain runs on 20 watts while data centers consume 4% of the US energy grid, the physics of causality and what it might mean for AGI, and why now is the moment to take this unconventional bet.

 

Stay Updated:

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details, please see http://a16z.com/disclosures.

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Saturday, 06. December 2025

bankless

The Return of the ICO

Under a new regulatory regime, the industry is embracing ICOs again. Hell yeah.
Under a new regulatory regime, the industry is embracing ICOs again. Hell yeah.

Friday, 05. December 2025

bankless

Trump’s DOJ Is Fumbling Crypto Privacy

OPINION: Trump-appointed prosecutors are waging a war on crypto privacy and using Biden era tactics to score convictions.
OPINION: Trump-appointed prosecutors are waging a war on crypto privacy and using Biden era tactics to score convictions.

Claude Cracks Smart Contracts

Breaking down Anthropic's new report on everyday LLMs correctly simulating 55% of exploits, up from 2% a year ago, and without any training.
Breaking down Anthropic's new report on everyday LLMs correctly simulating 55% of exploits, up from 2% a year ago, and without any training.

Turkish Fintech Paribu Expands Footprint with CoinMENA Acquisition

Paribu has acquired CoinMENA in a deal valued at up to $240M.
Paribu has acquired CoinMENA in a deal valued at up to $240M.

Prosecutors Seek 12 Years Imprisonment for Do Kwon, Convicted Terra-Luna Fraudster

Kwon will be sentenced on December 11 in Manhattan federal court.
Kwon will be sentenced on December 11 in Manhattan federal court.

Base Launches Solana Bridge Using Chainlink CCIP

Base now supports Solana assets natively and lets Base tokens be used on Solana through a new Chainlink CCIP bridge.
Base now supports Solana assets natively and lets Base tokens be used on Solana through a new Chainlink CCIP bridge.

a16z Podcast

What Comes After ChatGPT? The Mother of ImageNet Predicts The Future

Fei-Fei Li is a Stanford professor, co-director of Stanford Institute for Human-Centered Artificial Intelligence, and co-founder of World Labs. She created ImageNet, the dataset that sparked the deep learning revolution.  Justin Johnson is her former PhD student, ex-professor at Michigan, ex-Meta researcher, and now co-founder of World Labs. Together, they just launched Marble—the first mod

Fei-Fei Li is a Stanford professor, co-director of Stanford Institute for Human-Centered Artificial Intelligence, and co-founder of World Labs. She created ImageNet, the dataset that sparked the deep learning revolution. 

Justin Johnson is her former PhD student, ex-professor at Michigan, ex-Meta researcher, and now co-founder of World Labs.

Together, they just launched Marble—the first model that generates explorable 3D worlds from text or images.

In this episode Fei-Fei and Justin explore why spatial intelligence is fundamentally different from language, what's missing from current world models (hint: physics), and the architectural insight that transformers are actually set models, not sequence models.

 

Resources:

Follow Fei-Fei on X: https://x.com/drfeifei

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details, please see http://a16z.com/disclosures.

Stay Updated:

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


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Thursday, 04. December 2025

bankless

Recovering Tokens From Compromised Wallets with EIP-7702

How EIP-7702 can be used to recover airdrops and NFTs from compromised Ethereum wallets.
How EIP-7702 can be used to recover airdrops and NFTs from compromised Ethereum wallets.

Former Signature Bank Execs Launch N3XT, Blockchain-Based Neobank

N3XT wants to build B2B payments for the 21st century.
N3XT wants to build B2B payments for the 21st century.

Meta Plots Metaverse Cuts as Narrative Momentum Slows

The social media giant is reportedly planning major metaverse division cuts as the sector loses narrative enthusiasm.
The social media giant is reportedly planning major metaverse division cuts as the sector loses narrative enthusiasm.

CFTC Crowns Itself Regulator of Spot Crypto Markets

The well-received announcement could mark the start of a slippery regulatory slope.
The well-received announcement could mark the start of a slippery regulatory slope.

Kalshi Signs CNBC and CNN Partnerships

The deals come as mainstream media preps for midterm elections.
The deals come as mainstream media preps for midterm elections.

The Top Airdrop Hunts of the Month: December 2025

Five crypto airdrops worth chasing this month.
Five crypto airdrops worth chasing this month.

Zcash

Zashi 2.4.9 Is Faster!

We’ve been deep in the engine room for this one. Zashi 2.4.9 brings a round of UI improvements and a serious performance boost, all driven by your feedback. What’s New […] Source
We’ve been deep in the engine room for this one. Zashi 2.4.9 brings a round of UI improvements and a serious performance boost, all driven by your feedback. What’s New […]

Source