Now, scaling. There are two buckets here: short-term and long-term. Short term scaling I've written about elsewhere. Basically: * Block level access lists (coming in Glamsterdam) allow blocks to be verified in parallel. * ePBS (coming in Glamsterdam) has many features, of which one is that it becomes safe to use a large fraction of each slot (instead of just a few hundred milliseconds) to verify a block * Gas repricings ensure that gas costs of operations are aligned with the actual time it takes to execute them (plus other costs they impose). We're also taking early forays into multidimensional gas, which ensures that different resources are capped differently. Both allow us to take larger fractions of a slot to verify blocks, without fear of exceptional cases. There is a multi-stage roadmap for multidimensional gas. First, in Glamsterdam, we separate out "state creation" costs from "execution and calldata" costs. Today, an SSTORE that changes a slot from nonzero -> nonzero costs 5000 gas, an SSTORE that changes zero -> nonzero costs 20000. One of the Glamsterdam repricings greatly increases that extra amount (eg. to 60000); our goal doing this + gas limit increases is to scale execution capacity much more than we scale state size capacity, for reasons I've written before ( https://t.co/7nL9qOQYnm ). So in Glamsterdam, that SSTORE will charge 5000 "regular" gas and (eg.) 55000 "state creation gas". State creation gas will NOT count toward the ~16 million tx gas cap, so creating large contracts (larger than today) will be possible. One challenge is: how does this work in the EVM? The EVM opcodes (GAS, CALL...) all assume one dimension. Here is our approach. We maintain two invariants: * If you make a call with X gas, that call will have X gas that's usable for "regular" OR "state creation" OR other future dimensions * If you call the GAS opcode, it tells you you have Y gas, then you make a call with X gas, you still have at least Y-X gas, usable for any function, _after_ the call to do any post-operations What we do is, we create N+1 "dimensions" of gas, where by default N=1 (state creation), and the extra dimension we call "reservoir". EVM execution by default consumes the "specialized" dimensions if it can, and otherwise it consumes from reservoir. So eg. if you have (100000 state creation gas, 100000 reservoir), then if you use SSTORE to create new state three times, your remaining gas goes (100000, 100000) -> (45000, 95000) -> (0, 80000) -> (0, 20000). GAS returns reservoir. CALL passes along the specified gas amount from the reservoir, plus _all_ non-reservoir gas. Later, we switch to multi-dimensional *pricing*, where different dimensions can have different floating gas prices. This gives us long-term economic sustainability and optimality (see https://t.co/KiiDugo4OA ). The reservoir mechanism solves the sub-call problem at the end of that article. Now, for long-term scaling, there are two parts: ZK-EVM, and blobs. For blobs, the plan is to continue to iterate on PeerDAS, and get it to an eventual end-state where it can ideally handle ~8 MB/sec of data. Enough for Ethereum's needs, not attempting to be some kind of global data layer. Today, blobs are for L2s. In the future, the plan is for Ethereum block data to directly go into blobs. This is necessary to enable someone to validate a hyperscaled Ethereum chain without personally downloading and re-executing it: ZK-SNARKs remove the need to re-execute, and PeerDAS on blobs lets you verify availability without personally downloading. For ZK-EVM, the goal is to step up our "comfort" relying on it in stages: * Clients that let you participate as an attester with ZK-EVMs will exist in 2026. They will not be safe enough to allow the network to run on them, but eg. 5% of the network relying on them will be ok. (If the ZK-EVM breaks, you *will not* be slashed, you'll just have a risk of building on an invalid block and losing revenue) * In 2027, we'll start recommending for a larger minority of the network to run on ZK-EVMs, and at the same time full focus will be on formally verifying, maximizing their security, etc. Even 20% of the network running ZK-EVMs will let us greatly increase the gaslimit, because it allows gas limits to greatly increase while having a cheap path for solo stakers, who are under 20% anyway. * When ready, we move to 3-of-5 mandatory proving. For a block to be valid, it would need to contain 3 of 5 types of proofs from different proof systems. By this point, we would expect that all nodes (except nodes that need to do indexing) will rely on ZK-EVM proofs. * Keep improving the ZK-EVM, and make it as robust, formally verified, etc as possible. This will also start to involve any VM change efforts (eg. RISC-V) https://t.co/NQ3JFLe8Gd
What does Privacy with Midnight look like? I'm dropping the full interview with @IOHK_Charles TODAY Bookmark this. https://t.co/sUZro5AFDP
"The four-year cycle is no longer relevant." @LynAldenContact just told me the cycle everyone believed in is dead. But she's not bearish; she thinks the worst is already behind us and Bitcoin outperforms gold from here. This might be the most important conversation...
BTCFi for unlocking Bitcoin's economy strkBTC for adding privacy to Bitcoin What else does Bitcoin need?
Bitcoin's economy needs a privacy solution. OK, no problem. Bitcoin 🤝 Starknet 🤝 Privacy https://t.co/QOLPVjx7Wx

The future of payments is here. DBS and Visa are bridging TradFi and Web3 with the pilot of Visa Intelligent Commerce AI agents can browse, select, and purchase real-world goods securely using tokenized credit card credentials. DBS and Visa collaborate to advance...

According to Santiment, the number of wallets holding 100+ #BTC is approaching the 20,000 mark - already above October levels. Large holders are gradually increasing their positions. https://t.co/bsF4b59PrL
BIG: 🚨 XRPL validators blocked a critical Batch amendment flaw that could have enabled unauthorized transactions after AI-assisted researchers flagged the bug before mainnet activation

Pretty crucial area for me to hold on to. I'd highly favor that $BTC finds a higher low at $65k. However, last day of the month; remember last month? A massive collapse on the markets. Let's see what it brings: holding $65K opens...
What will be Solana's catalyst this year? In this Unchained episode, Tushar Jain & Mike Ippolito join me to unpack: 💡 How prop AMMs and application-controlled execution are helping Solana compete in DeFi 🤔 Whether Solana can take on with Hyperliquid ⁉️ How Solana...

Slowly, but surely, after such a peak, the volatility starts to go down on Gold. That's great. That's going to turn the lights slowly towards #Bitcoin as an opportunity. I don't think we'll start to see big new highs for Gold....

Catch me at MERGE São Paulo. 🇧🇷 Looking forward to sharing what we’re building on TRON. https://t.co/1wUBb1tHwr

🚨 INSIGHT BNB Chain = 5% of stablecoin supply but 40% of ALL transactions 8x higher circulation than competitors. While CT focus on ETH vs SOL, BNB is processing more real economic activity than both combined. Follow the money not the noise. https://t.co/TeEaBcnK2E
#FlashbackFriday In 2020, I said PayPal’s Bitcoin move wasn’t about Bitcoin at all, but about positioning for a very different payments landscape. PYUSD has since filled in the blanks. https://t.co/IryLfol0XZ Yesterday’s future. Progress optional. #Stablecoins #Paypal #PYUSD

🚨 ETF UPDATE YESTERDAY, ETHEREUM ETFS SAW $6.6M IN INFLOWS. Blackrock clients bought $15.3M worth of $ETH. https://t.co/gwBntKxUrX
Got a few questions about why @CoinDCX is celebrating #CryptoLiteracyWeek. The short answer: There are a lot of misconceptions about crypto, and as India's crypto coach we wanted to help demystify it for the masses. Reading is one of the best...

If #ETH makes a 20% pump, approximately $4.34B in short positions will be liquidated. If ETH sees a 20% dump, around $4.64B in long positions will be liquidated. https://t.co/ZAvjYl247Q
Blaming a cycle for a bad execution? Complaining about no alt season because blue-chips didn't pump? The truth is, you were hoping your alts would recover and they didn't. Avoid these mistakes next cycle. #CryptoTips #Trading #IvanClips https://t.co/rfW0zmgYMF
#TaTip 🐂 Bullish retest: 1) High volume breakout 2) Slow dip to local support on declining volume making a higher low 3) Support bounce - buyers step in; volume increases 4) Bullish continuation 📈
Here's my keynote from NEARCON earlier this week with all the launches and highlights – AI and Intents are converging to make NEAR the Unified Commerce Layer. We're in a new era of growth and adoption for @NEARProtocol.
"That is why Bitcoin OGs have long said, "Not your keys, not your coins," "don't trust, verify", and even "trusted third parties are security holes." --@NickSzabo4
So many interesting ideas to explore at this intersection. One such example: crypto is great at using incentives (i.e. $) to get people to do something, and AI companies are incredibly data-hungry. If you can use crypto incentives to get...
The fact that Gold has gone up so much, that's only accelerated through all financial products that we've designed. However, holding Gold at this point isn't the right bet for most asset managers. The Sharpe Ratio is way worse. The flipside: the...
You are witnessing the greatest rotation of Bitcoin and Bitcoin-based assets from weak hands to mega institutions.

$HGRAF Another ATH and another highest daily close ever. $5 in sight which would be a 5x 🔥 https://t.co/epXCaZe867
Silver may have industrial applications, but Bitcoin is a replacement application for storing value in real estate. The global real estate market is $400 trillion dollars. The current Bitcoin market cap is less than $1.35 trillion.
I agree with Elizabeth Warren here 😱 Any politician or anyone who is involved in any type of policy should not be allowed to trade or invest. This needs to be bipartisan and not just stocks Traditional finance, but crypto too.

Crypto .com parent co donated a combined $15M to Trump entities. It just received conditional approval of its trust bank charter app. Even if these things AREN'T related, and I hope they're not, the appearance of a conflict of interest is...

Top 5 companies buying crypto for their balance sheets by unrealized losses — according to CryptoRank The usual record holders remain the same: #MSTR MicroStrategy - the world’s largest corporate buyer of #BTC #BMNR BitMine - the world’s largest corporate buyer of #ETH...
Money is information. Information is power. Money represents your time and effort. When governments debase money, they debase you. Printing, censoring, and confiscating money are affronts to human dignity. Bitcoin fixes this. My latest keynote: Fix the money, fix the world. https://t.co/jhZBTWaOM8

BlackRock continues to increase its #BTC holdings. Over the past hour, the company purchased 4,309 BTC worth $289.6 million. https://t.co/XHsOQfFWwO
Everybody understands #Bitcoin wrong. Even I did, that's why I've learned so much from @JeffBooth during our conversation. Watch why everyone gets it wrong here: Proposed Text: Watch it here: https://t.co/NFDNZYiYoS
🎯+ wait until you see what @Vantage_Bank & @custodiabank are delivering to a consortium of banks that abstracts away the complexity of wallets *INSIDE* the banking system, accessible from your online banking page. I gave an interview to @BankDirector on...
Some decent looking charts out here but the problem over the last month has been almost no follow through.
DATs buying tokens before they even start trading. Omid Malekan (@malekanoms) verdict? 💀 "From that moment on, I just concluded this project will definitely fail." https://t.co/pXNQkgmcif

Truly big news today: I’m delighted to share that my startup @blupryntco has completed its oversubscribed $4.25m seed raise. Thanks to an all star roster of investors including @valorcapgroup @CultivationCap @RobinhoodApp @cbventures @QuonaCapital @FlourishVC @SelahVentures and Kazea for joining...

Every time $BTC vs. $BTC Supply in profit/loss hits these levels. It marks a bottom. It did this in 2011. It did this in 2015. It did this in 2018. It did this during the COVID crash in 2020. It did this after the FTX crash...
Now, the quantum resistance roadmap. Today, four things in Ethereum are quantum-vulnerable: * consensus-layer BLS signatures * data availability (KZG commitments+proofs) * EOA signatures (ECDSA) * Application-layer ZK proofs (KZG or groth16) We can tackle these step by step: ## Consensus-layer signatures Lean consensus includes fully replacing BLS...
🔵 The banker who sued his central bank and changed European regulation. I sat down with Ali Niknam, founder and CEO of @bunq, at Davos during the WEF 2026 🎥 "𝐛𝐮𝐧𝐪'𝐬 𝐂𝐄𝐎 𝐚𝐭 𝐃𝐚𝐯𝐨𝐬: 𝐀𝐈, 𝐭𝐡𝐞 𝐔𝐒 𝐁𝐞𝐭, 𝐚𝐧𝐝 𝐚 𝐂𝐨𝐧𝐭𝐫𝐚𝐫𝐢𝐚𝐧 𝐓𝐚𝐤𝐞...
Governments all around the world have tried to censor access to this kind of data. Hilarious that their own AML/KYC fetish is revealing it anyway.
In short: no. I was a wall st market maker 15 years ago, explicitly exploiting inefficiencies in products like ETFs. Market makers absolutely do “game the system” in all sorts of ways, but for liquid products like BTC...

TRX by @trondao Now trading on Gemini 🎉 Deposits and withdrawals enabled ✅ Buy, sell, and store today: https://t.co/k8dbSGNRvL https://t.co/knhBTpSMmd
The way I see this, Aave is a result of all its parts. Like a cake, you can argue it's 80% flour, 20% eggs, 10% sugar, 5% butter, 1% baking powder, but take away any of its components, and there's...

So far, so good for #Bitcoin. Find a higher low and we'll be continuing the trend upwards. https://t.co/MBUW2vWV47

The hypocrisy of cutting off a Swiss Bank for facilitating payments to Iran and Russia, while the administration pardons CZ & family does business with Binance... https://t.co/p2PfBgrfDs
all of ct timeline consumed with who built more of the biggest defi lending protocol who started one of the biggest crypto vcs
The hype cycle around AI right now reminds me of the 2021 hype cycle around crypto. The reality is of course different… yes change is coming, but it takes far more time than you think
Crypto regulation and RETAIL, who will it really benefit? I will be dropping my interview with @IOHK_Charles soon to discuss this and more about the future of freedom. Stay tuned. https://t.co/LufrKex7eo
People are extremely worried about the current crash on #Bitcoin. It has all to do with paper Bitcoin, the amount of derivative instruments, and the way our markets work. That's also why Gold has accelerated so fast, and that's also why this...
DOUBLE-EDGED SWORD of #ETFs + #WallSt manipulation of myriad fault-tolerances built into #tradfi--this👇is an example of what I've long discussed. It's also why @TraceMayer & I had big debates about whether his 6th network effect for #Bitcoin--financialization--was a good thing.