Gm everyone! I started writing this newsletter introduction at least three times.

It’s been a bumpy week in crypto. It all started when the President of Argentina launched a memecoin with a dodgy character that nobody

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knows—when he could have consulted with half of the country, some of the most talented developers in crypto.

Here’s the thing: we Argentinians are used to crisis. We get knocked down every week, only to get back up as if nothing happened,

and keep building. I didn’t know this was a superpower I’d acquired just by being born and raised in chaos until I noticed that people in more

stable countries dealt with crises differently. Some become paralyzed, some get sloppy, and the cracks in apparent stability begin to show.

Flexibility, adaptability, resourcefulness, resilience—these are all silver linings one acquires when things are constantly out of control.

 I can’t even begin to explain how useful they’ve been to me throughout my life. And they aren’t only my silver linings; crypto is an industry 

built by outliers who felt out of place and needed to build better systems because they understood that the ones they grew up with were broken (study Stani and Vitalik!).



Ironically, the systems we’re building are getting warped and are also bound to crises. Yesterday, less than a week after Milei and his pump-and-dump cronies made 

their mess, Bybit was hacked for $1.6 billion by the Lazarus Group, a collective of North Korean hackers. I know what you’re thinking: 

there’s something about heads of state with weird hairstyles and crypto. Jokes aside, this big crisis had us all stop whatever we were doing to check on friends, 

businesses, and projects—and then get back to work. Bybit managed the situation in a masterful way, and while funds were not safu, 

they were able to serve their customers almost without any hitches. Flexibility, adaptability, resourcefulness, and resilience show up again, this time in the form of an industry that’s ready for any challenge, no matter how devastating it feels at first.

 It’s been a bumpy week in crypto. It all started when the President of Argentina launched a memecoin with a dodgy character that nobody 