Another step forward for Arbitrum ecosystem security 🛡️ The Arbitrum Audit Program Committee has whitelisted the first batch of top-tier audit firms, after a careful selection process (and 100+ hrs of due diligence), kicking off the deployment of 30M $ARB to support @arbitrum builders. This all started with a DAO vote to fund the Arbitrum Security Program. Huge thanks to the teams at @OffchainLabs, Arbitrum Foundation, Gustavo Grieco, and every firm that took part. Shoutout to the approved firms: @trailofbits @OpenZeppelin @NethermindEth @SecurityOak @CertoraInc @AckeeBlockchain @hexensio @DecurityHQ @PashovAuditGrp  @0xorio @CyfrinAudits @guardian 👏 More firms may be added as the program scales. Forum link & details 👇

The rollup wars have entered their next chapter. My thoughts on @optimism vs @arbitrum: I’ve been an Optimism bull for years, but the pendulum swung toward Arbitrum after writing this report and were further solidified as I reflected on a recent @theempirepod with @ajwarner90, @sgoldfed, and @JasonYanowitz. Don't get me wrong, the battle is still underway and is ~50/50, but Arbitrum has crafted a strategy that aligns incentives better. This is starting to show. I always dug Optimism’s RetroPGF vision, but does it yield long-term value generation and revenue growth?  Maybe, but not explicitly. You can reward builders of dev tooling, governance, and interop with grants, but is that more effective than what ArbitrumDAO is allocating tokens toward? I don’t think so.  • Arbitrum Gaming Ventures (AGV) will (hopefully) return multiples to the DAO.  • STEP purchases yield-generating RWAs that generate interest for the DAO.  • Timeboost has internalized MEV at the protocol-level, attracting projects like @robinhood while massively increasing the DAO’s revenue potential (we’re already seeing this).  ArbitrumDAO has full authority over the treasury. They are incentivized to approve funding toward proposals that create long-term value to be captured by the DAO itself. Shots on goal for $ARB tokenholders.  Also, OP Mainnet momentum has died down in favor of the Optimism Superchain. Meanwhile, Arbitrum’s focus has split equally between Arbitrum One and Arbitrum Orbit. The power of the canonical chain was on display with the Robinhood deal. It’s viable to launch on Arbitrum One before launching Robinhood Chain. It’s one of the most liquid and active chains. Would it be viable to launch on OP Mainnet, then on the Optimism Superchain? Sure, but not as compelling. I still love Optimism, and their ethos! They have done great things for the space and I'll be covering the Superchain in more depth next month.  That being said, my long-standing opinions have shifted. Arbitrum has renewed momentum. You're already seeing it with hype for @convergeonchain and @talos_is, not to mention @RobinhoodApp.

1/ This is Nina, my girlfriend. She’s an adaptive athlete training to compete on one of the toughest stages: the Adaptive CrossFit Games. There are no shortcuts to qualifying for the games. Just grit—and a funding gap the size of a flight, entry fee, and gear tab. 🧵👇

Rollups are exciting as it allows companies to offer their services and earn a fee while not being liable to protect billions of dollars — because it is the tech stack and not the operator who keeps the funds safe. Where does the “billions of dollars” come from? The world’s soon to be greatest liquidity layer: - Ethereum This is why scaling Ethereum is crucial. The greater its liquidity & usage, the better it is for rollups to tap in too. Bullish Ethereum & L2s.

Rollups are exciting as it allows companies to offer their services, earn a fee while not being liable to protect billions of dollars — because the tech stack and not the operate keys the funds safe. Even more so, enables low fees & high throughput of transactions. Where does the “billions of dollars” come from? The world’s soon to be greatest liquidity layer: - Ethereum This is why scaling Ethereum is crucial. The greater its liquidity & usage, the better it is for rollups to tap in too. Bullish Ethereum & L2s.

How to Make it in Crypto (without getting lucky): go to hackathons share what you learn on twitter deploy as much as you can master foundry go to side-events make friends share code contribute to open source be active in discords move to a crypto city read great protocols

Update from U.S. v. Storm with @davidzmorris. Roman Storm's defense team has raised the spectre of a mistrial after an FBI tracing expert failed to confirm that the prosecution's first witness' stolen funds had in fact been sent to Tornado Cash.

I am honored to be asked to be a torch bearer for the run up to the 10th anniversary celebration of Ethereum's launch and non-stop, essentially flawless, operation of the protocol -- even as the protocol underwent many major upgrades "in flight" – without missing a block.

North star should always be to do what is right and fair, even if not everyone is happy about it. Appeasement breeds resentment and good people will leave. If you want to build a community that cares -- always do what is right.

Bitcoin on brink of bailing out Britain