A lot happened in Singapore at Token 2049 but the action and the people that matter were outside the official venue. A special mention and thank you to @BallySinghAioka and @EvanLuthra - you two rock and bring the crowd that matters to you.

Thanks!

Thanks 🙏

The Best party expected in Singapore at the historical Capital Theater on Oct 5 by @_thebestevent I have a very small number of VIP codes ($100 perk). Over 3,000 people expected! If you know me or are a project looking for MM or investment contact me here or TG @alexisyellow luma.com/tbe-afterdark

Join Yellow at After Dark! luma.com/tbe-afterdark Looks like it’s going to be the Best Event in Singapore Token 2049.

😢

We are here now - the age of agentic trading is here 💛@LucidMasi @Billynaveed check this out!

Crypto was always about removing trust from third parties. But there's a second half to that sentence people skip: once you remove the trust from big institutions, you give the power back to people. Do we already have the bank for the internet age? I don't think so. We have the technology. Bitcoin, USDT, a multitude of coins, DeFi. What we don't have is a bank that belongs to the people, for the people, the way Satoshi would have imagined it; where the risk, the safety net, all of it, isn't sitting in the hands of a single institution. I've watched projects try this for the last ten years. One was literally called DeBank. Every single one eventually gave up. You can't manufacture that kind of trust because it has to grow organically, the way Bitcoin did, the way USDT did. And giving the power of money fully back to the people is something governments have never been comfortable with. Look at the backlash Libra got the moment it looked like a corporation might hold power usually reserved for states. Then you'd think what banks were actually for in the beginning. Interest rated and credit business is fine, but people want to feel safe. Revolut's recent incident makes it a bit more obvious, alongside a myriad of crypto incidents. People didn't want to carry gold around and risk losing it centuries ago, cash made it better, now it's turn for digital cash to become safe for the people. A personal wallet today isn't safe. Wrench attacks are all real. What's the problem? We have the tech. Bit the question is whether we can build a version of "safe" that doesn't require trusting a single entity. p.s. LayerZero's loss of the private key absolutely floored me.

I bought a DJI Pocket 4 to create original video content for the Yellow supporters. The idea behind it is to create short, genuine recordings every day and share directly to the people who are holding ethereum:0x236eb848c95b231299b4aa9f56c73d6893462720 token. I'm calling it Yellow Whales. It's a Telegram group, only for token holders, where I talk directly, maybe in circles, camera on, no editing, no filter. Short posts as well. Similar to what I've been doing on X, but with higher intensity, more video content, and more engaging because that's what Telegram is for. Hopefully, see you there!

Someone asked me why Polymarket raises a billion at a $21B valuation. The truth is most people don't even know what they can do on Polymarket. 1 billion divided by 100 million potential users. That's $10 per user. If you're targeting 100 million users, that's not so much judging how resource demanding retail can be. I think that's exactly why the valuation makes sense. When you start to think about what Polymarket can become. For example, I haven't heard of a sucessfull broker for Polymarket. Imagine for high net worth individuals (like Goldman Sachs, JP Morgan) telling their clients: I think you should place this bet. And going on a 2-20 commission on the bets they're placing for their clients. Then you can have OTC deals. A broker for OTC. "I need to buy this lot. I don't want to affect the market too much." The cool thing about Polymarket is the expandability. Kalshi is more of an exchange or a destination. Polymarket can become a platform for other brokers to plug into. Just like Nasdaq is a platform. No client really trades directly on Nasdaq. They trade through their brokers. Maybe in the future, regulation will require them to unbundle into exchanges and brokers. Today, the venue is the broker as well. The coolest thing is that in the end Polymarket is a blockchain company. You can access all the data through the blockchain. I think they are mature enough for starting a broker business on Polymarket. And I think it's underexploited. Maybe that's why it will be bigger in the future. Hence the valuation of 21 billion starts to make sense.

Yellow is the business layer of Web3.

Betterment’s survey data bloomberg.com/news/articles/…

The amount of Gen Z treating sports betting as a "deliberate, ongoing component” of their wealth plan is truly worrisome. Over a quarter of Gen Z approve, whereas only 14% of millennials, 6% of Gen X, and 1% of Baby Boomers say the same.