A $29M treasury, a token down 90% from its high, and games that pay you in stocks. Most people see a dead chart. We see something we've watched play out before. @NetNetCap

Spending only a tenth of a percent of the value of the network on security is ludicrous. Its deafening how quiet everyone is about this. Its pretty clear no one has a solution for this. There's a few of us NAT worried at all.

Binance makes $15B a year and just quit mining Bitcoin. Genesis Digital pivoted to AI. @FoundryServices's CEO stepped down, then liked a @natgmi tweet the same day. The security budget problem is already here and the ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 community is the only one preparing for it. We discuss 👇 Downside Of Building In Public | Retail Signaling | Binance Pool Shutdown | TBR #336 Hash from Prism was supposed to join us this week, but didn't show up, so we talk about what the internet does to founders, from the backlash after his MCG livestream to promising teams like Printr that folded under public pressure. Then we walk through @iman_blockrun's FOMO experiment, turning $500 into $500,000 with only a few high-conviction trades and preset sell targets. From there we ask whether crypto is still an opportunity for the little guy. Innovation has stalled into recycled launchpad metas, @RobinhoodCrypto has listed exactly one token while promoting projects not from the trenches, and Google Trends shows the rest of the world searching for crypto while America looks away. We close with the biggest story of the week: @binance shut down its Bitcoin mining operation, Genesis Digital pivoted to AI, and Foundry's CEO liked a @natgmi tweet the same day he stepped down. We break down Bitcoin's security budget problem, why it is bigger than quantum, and why we think the community that sees it coming is the one building a fix. The mining news is the part we cannot stop thinking about. If even Binance cannot make Bitcoin mining profitable, every smaller miner is running the same math, and a network meant to secure a $400 trillion asset cannot run on hope. Nobody wants to talk about it because the obvious fixes break what people love about Bitcoin. That is exactly why we keep pushing ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247: it funds miners without touching the 21 million cap, and the more people who see that, the more tickets we hold in the lottery that decides who gets noticed. YouTube 🔗 youtu.be/kFj8zPQOgpI

There’s growing chatter about a new token primitive on Solana that aims to overcome the limitations of rigid token architecture. Despite being barely a week old, solana:6Mix12LiHrQFojaQEnfPUC65Qkwd6X4Y5Qg93oFbordr is already showing early signs of adoption. If this momentum continues and a killer app emerges leveraging @bordrlessdex technology, we could see a new wave of token launches, experimentation, and innovation built around the protocol. This could be the beginning of an entirely new design space for @solana builders. At 5M market cap, the upside is tremendous if the bull scenario plays out; we discuss 👇 Will Bordrless solana:6Mix12LiHrQFojaQEnfPUC65Qkwd6X4Y5Qg93oFbordr Be A Billion Dollar Solana Runner?! New Token Standard on SOL! HUGE OPPORTUNITY! More launchpads, in 2026? We get it, but the ones worth watching are the ones introducing something new, and we know that feeling from launching @natgmi on Bitcoin, where a fresh primitive turned free @dmtnatcats mints into $10,000 NFTs and birthed Bitcoin’s second subsidy reward token. This week we go back to the @solana trenches, the same place we found StonkFun at a $1 million market cap before it blew up into a 9-figure giant, to look at @bordrlessdex, a new token standard a few days old and sitting around $5.6 million market cap. Solana's SPL and Token 2022 standards are rigid. Bordrless lets a token take a cut inside the trade itself, charge buys, sells and gifts differently, burn part of a buy, set sniper fees, and pay holders a share of every trade, all running on its own DEX. Then we get into the hard part. In the age of AI, any good hook can be copied by an agent in an afternoon, so the moat has to come from adoption. We walk through the Bordrless SDK that pays builders half the creator fee, the @AxiomExchange integration and the first community hook, PumpTech, and whether Pump.fun will copy the idea once the volume shows up. We close with the drama: @Hoookedpad launched the same feature list a day after Bordrless deployed, and the replies called it a paste. What stands out to us is how fast the cycle has gotten. A new primitive used to buy a team months of lead time, because copying a novel smart contract took real effort. Now the code is on GitHub, the contracts are onchain, and anyone with an agent can ship a clone in a day. The Hooked versus Bordrless fight is not an exception. It is what launching looks like now. That changes what we look for. Clever tech is no longer enough on its own. The projects that win will be the ones that turn builders into stakeholders, get wired into the terminals traders already use, and attract someone who shows everyone else how to use them with a killer breakthrough use case. Bordrless has started on all three, and that is why it is worth watching early, before the big launchpads decide whether to copy it or adopt it. YouTube 🔗 youtu.be/1Cy5Iqx9Pjs

Ordinals got called dead three times. Now it's @RobinhoodCrypto's chain. Here's what happens next.