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5. Even after 9 years of growth, one of the industry’s biggest unresolved challenges is still trust at scale — how to make digital assets more secure, more intuitive, and more accessible for billions of people across very different markets and regulatory environments. That is not a challenge any one company solves overnight. But what we are doing today is continuing to invest in the fundamentals: stronger security, better compliance frameworks, more resilient infrastructure, and simpler user experiences. At the same time, we are working to help the industry mature in a way that protects users while preserving the innovation that makes this space so powerful. The opportunity ahead is enormous, but long-term leadership comes from solving hard problems responsibly. That is where our focus remains.

3. The future of finance should work for everyone, not just the few. We believe more people around the world will benefit from open access, faster cross-border payments, and new ways to build and grow wealth through blockchain. We see Binance evolving beyond an exchange, but not away from its crypto-native roots. Our focus is to bring the best of crypto — openness, access, speed, and user choice — into a broader financial experience for the next wave of users. Binance is here to help lower barriers, connect global opportunity, and bring financial freedom to more people everywhere. Over time, the line between “crypto” and “finance” may matter less. What users will care about is whether it’s seamless, transparent, and useful. The future isn’t crypto vs finance — it’s better finance.

We’ve been excited to see so many people using and building on Pi. This week we listened to Scott Gerring from @datadoghq share how he configures Pi for his work. Start minimal, notice when you hit friction and ask Pi to remove it. Link to full episode below. We recommend!

Very welcome recent news from Signal: they are working on letting you register an account without a phone number. That said, an important counterpoint about what this would and would not accomplish. The good #1#: reducing dependence on phone numbers. Even aside from privacy benefits, reducing dependency on a highly oligopolistic system of chokepoints is good in itself. The good #2#: phone numbers are for many people not a good "root" of identity from an access control perspective. Phone numbers get sim swapped all the time. The good #3#: allowing phone-number-free accounts will make it harder for them in the future to discriminate against people by country - and so make it harder for governments to pressure them to block their own citizens. Now, on privacy. Significantly better than status quo, so yes it is good #4#, but... In practice, in 2026, I believe that pseudonymity (a long-term persistent account that is not tied to your primary identity) is a dead concept. There are just too many channels by which we accidentally slowly leak data about who we are - timing of messages, the pattern of who we send messages to with what frequency, size, etc. And too many highly effective AI-based means (both using LLMs per-user, and LLMs helping every person and agency under the sun use math that we had all along) to uncover and piece together those hints. As a trivial example, whatever server you interact with learns your IP address, but even if you hide *that* with a VPN or Tor, there are many other identity leakage vectors. And so the only defensible form of privacy is *message-by-message unlinkability* - no one except sender and receiver knows the (sender, receiver) pair, ideally even not knowing who the sender or the receiver are. A natural taxonomy of privacy is the following 2x2: * Sitting duck: adversary knows "X did Y" * Confidentiality: adversary knows "X did ???" [E2E encryption provides this] * Anonymity: adversary knows "??? did Y" [aka message-by-message unlinkability] * Ideal: adversary knows "??? did ???" Signal has already had confidentiality for a long time. (Note: in other contexts, "confidentiality" sometimes means "someone knows X did Y, and we trust that someone to not reveal it", ie. not true privacy. Here, by confidentiality we mean hiding contents from third parties) This adds pseudonymity: in the above schema, adversary knows "0x8b512c... did Y", where they don't initially know who 0x8b512c... is, but may figure that out over time. The ideal is getting to message-by-message unlinkability. Actually accomplishing that gets into territory that is currently being explored by mixnet projects as well as newer messengers, eg. @session_app and @SimpleXChat. Once we get deeper into this territory, I suspect the primary frontier will be spam and DoS protection. Right now, much of the internet blocks all Tor exit nodes - not because they personally hate privacy, but because that's where DoS attacks come from. So we need ways for people to prove their non-spammer status while maintaining message-by-message unlinkability. See here for one direction (which complements nicely). So I hope that we appreciate the victory that is mainstreaming of end-to-end encryption, that we actually get Signal accounts without phone number dependency (it's a great thing even if it had zero privacy consequences), and then that we keep moving forward and pushing the frontier of data leakage minimization.

SpaceX is SIGNIFICANTLY undervalued if you believe Elon and the team can execute on what they just laid out. At today’s ~$1.51T market cap, SpaceX trades at roughly 48-66x sales. Is it expensive based on today’s numbers? Sure. But look at what happens if the SpaceX team hits the targets shared on the Q2 earnings call: • $100B ARR by the end of 2026 → ~15x Price/Sales • $1 Trillion in annual revenue by 2030 → ~1.5x Price/Sales And fyi, that $1T target was pulled forward from 2031, with Elon saying there’s even a non-zero chance of reaching it in 2029. You see, SpaceX doesn’t need to stay at a 50x+ sales multiple for today’s valuation to eventually look cheap. If revenue grows ANYWHERE close to management’s roadmap, the denominator catches up super fast and the valuation multiple collapses. At the same $1.51T market cap, you go from ~48-66x sales today to ~15x at $100B ARR, and eventually just ~1.5x at $1T in revenue. So investment thesis is actually pretty simple… Either 1/ management’s targets are wildly wrong… or 2/ SpaceX at $1.51T is still pricing in far less of the future than people realize. I’m putting $ where my mouth is that the latter is the case.

I want to get closer to you, so I’m giving to you 100% discount on my Only Fans. Only for fist 50 people’s <3 💙 OF: 🩵 Fansly: 🤍 My telegram with my life pics: All about me

Growth starts with the team 🤝🩵 “It’s bigger than ourselves. We’re here playing for the person to our left, and to our right.” Madi Scott shares what it takes to keep growing in 3x3: show up ready to learn, embrace every possession, and trust the people around you 🏀✨ #3XBA# #FIBA3X3# #LA28# #WomensBasketball#

Michael Jackson was loved by the people. The world adored him. A man who is genuinely admired and inspires millions is seen as a threat to those who want to rule the world with fear. If you have a badge and a gun - but are not loved - you are very fearful of those who are loved. Hope and inspiration is the antithesis to fear. Love is the antithesis to fear. In an attempt to dampen his power and stop the people from loving him, they accused him of sexual crimes and slandered his name all over the television and media. Do you understand?