Kirill Bulychev

If even Binance can get hit like this, that tells you everything you need to know about the current state of the industry. Crypto as a brand is cooked at this point. The average person will associate the word "crypto" with "hacks" more than ever now. If you are building a crypto project, invest in your opsec properly. No shortcuts. If you are a user, embedded / MPC wallets are probably the best path right now. You get multiple backups through passkeys, social recovery, and for extra safety use multisig setup. Low complexity, high security. For most people, it is much better than any hardware wallet. Hardware wallets still have real problems on the data side and on personal safety, and we keep seeing examples of that. Blockchain has to become invisible. Low-risk DeFi, proper opsec, and insurance are more important than ever. We cannot keep putting money into centralized points of failure and hoping nothing goes wrong.

YC (@YCOMBINATOR) IS LITERALLY TELLING FOUNDERS WHERE THE NEXT BILLION-DOLLAR CRYPTO STARTUPS WILL BE BUILT - APIs for AI agents - AI Trading Agents - New USD stablecoins - Non-USD stablecoins - Stablecoin-powered neobanks - New exchanges & trading UIs The playbook is here.

.@Revolut started with a cheap card targeted at foreign spend before shipping an entire banking suite around it Stablecoin neobanks are running the same playbook on a shorter timeframe: - $14.8B annualised card spend - 75x growth in under three years - 3.3x more active users in a year They're consolidating as competitors (see EtherFi acq Zeal) AND as products Just providing a crypto card is not special anymore - users are gravitating towards comprehensive banking apps

reminds me of the anti-electricity ad from the 1900s

The euro has already lost to the dollar. > Stablecoin supply (Artemis, Oct 26): $310.9B > USD: ~99.7% > EUR: ~0.3% (€798M in total) > EURC, the biggest: €451M Dollar stablecoins already move hundreds of billions. The euro barely exists onchain. > $482B in stablecoin payments from January to September 2026, +45% YoY (Allium, est.) > 1.04B transactions, +71% (Allium) > 73% of transfer volume over the 12 months to July happened outside US banking hours (Coinbase x The Block Research) The ECB's digital euro? I think it's years away, and it won't even be onchain. In a few years, Europe will regret building a closed tool while money was already moving on open rails.

people are moving some serious money through neobanks lol just look at these etherfi transactions flagged by onchain trackers between October 21–25: • $39,887 • $32,669 • $27,814 • $22,472 • $20,625 • $12,138 that’s over $155K across just 6 transactions

I don’t work in crypto. I work in bringing the world’s financial system onchain.

Whop has raised $200M in Series D funding at a $5.1B valuation, backed by @sequoia and @shopify. It really feels like we are barely touching the tip of the iceberg in a market larger than anyone can imagine. We first launched Whop as a better way for us to sell sneaker bots, one of the most niche types of desktop software out there. Total TAM? Probably $20,000 per day. Who cares, tiny market. But, what people discounted is the idea that there were actually 70,000 other markets exactly like that one. Beyond the investment itself, I am especially excited to welcome legendary silicon valley investor @dougleone to our board of directors. Doug and the sequoia team are nothing but a brilliant, resourceful, and principled group of people. My co-founder Cameron and I started building on Shopify when we were 13 years old. Shopify is one of the most impactful all-in-one cloud ecosystems ever created; @tobi has pioneered modern entrepreneurship the way we know it and we are thrilled to have him in our corner. We have a tenet at Whop to be the dumbest in the room and I am very grateful that this has recently become a lot easier. We are focused on markets, scale economies, and progressive media. If that is up your alley, please message me directly. The $200M raised will support our expansion as we build economic infrastructure for the next century, continuing on our mission of delivering everyone an income.