Letter 112: Venice.AI, 3 Months Later
Venice.AI’s VVV token has surged since the March update, driven by a suite of product and tokenomic upgrades. The March 18 rollout of verifiable end‑to‑end encryption and TEE guarantees gave regulated users a defensible privacy layer, sparking a 10% price jump. In April the platform introduced a programmatic buy‑and‑burn engine and raised burn tiers to $10 per subscription, while a staged emission cut will trim annual VVV supply from 6 million to 3 million by July. Additionally, the DIEM token now offers a futures market for AI compute, and a StrikeRobot partnership highlights real‑world, privacy‑first robotics use cases.
Little Learnings #8
MoonPay unveiled the MoonAgents Card, a virtual Mastercard debit card that lets AI agents spend stablecoins directly from a self‑custodial on‑chain wallet. The card bridges the gap between autonomous agents and the real‑world economy by converting stablecoins to fiat at...
Letter 111: I'm Pulling All My Money Out of DeFi
April 2026 became the most hacked month in crypto history, with over 40 exploits stealing roughly $651 million. Two attacks—Drift Protocol’s $285 million loss and KelpDAO’s $292 million breach—accounted for most of the damage and highlighted social‑engineering and bridge‑configuration flaws. At the same...