Patrick retweeted
BREAKING: NYSE plans to bring 24/7 trading on chain with their in-development ATS platform
âAs weâve evaluated different platforms, Avalanche checks a lot of those boxes for us, so weâre very engaged with the teamâ
- Michael Blaugrund of Intercontinental Exchange/NYSE
Patrick retweeted
If something is genuinely decentralized, it should not be regulated like a bank. Getting that distinction right took years of work, and we finally have the opportunity to make it law. Letâs pass the Clarity Act.
Patrick retweeted
Watching this full 18-minute interview with Palantir CEO, Alex Karp is enough to teach you more about Ai than any institution would ever teach you:
Patrick retweeted
No question.
Beaucoup de figures de gauche, aux US comme en Europe, qualifient Musk d'extrĂȘme droite. Certains vont jusqu'au mot « nazi ».
J'ai fait l'inverse de l'accusation : lire avant de juger. Deux biographies. Des dizaines d'heures d'interviews et de documentaires. Zéro once de racisme détectée.
Ce que j'ai trouvé, c'est une obsession constante pour la liberté : rachat de Twitter au nom de la liberté d'expression, réintégration des comptes bannis, publication des Twitter Files, ouverture du code de l'algorithme, open-source de Grok, brevets Tesla libérés en 2014, Starlink rallumé pour les Iraniens coupés du net pendant les manifestations et pour l'Ukraine, refus répété des demandes de censure étatiques.
Maintenant, faisons l'expérience de pensée que ses accusateurs ne font jamais. Imaginez que Musk soit réellement evil.
Cet homme possÚde un réseau de satellites qui couvre la planÚte, soit une capacité de surveillance quasi totale. Il possÚde la place publique numérique la plus influente du monde. Il possÚde la premiÚre fortune à 1000 milliards de l'Histoire, depuis l'IPO de SpaceX le 12 juin. Aucun individu n'a jamais concentré autant de leviers.
Un Musk réellement malveillant, avec ça dans les mains, ne tolérerait pas une seconde qu'on le traite de nazi H24 sur sa propre plateforme. Il bannirait. Il surveillerait. Il écraserait. On serait déjà dans 1984.
Or regardez la rĂ©alitĂ© : les comptes qui l'accusent de nazisme tweetent toujours. Tous les jours. Sans entrave. Sur son rĂ©seau. Avec son algorithme. La dystopie totalitaire qu'on lui prĂȘte se dĂ©montre par l'absence du goulag.
Voilà le retournement. 1984 le contrÎle de la parole, la surveillance de masse, la désignation publique des hérétiques ce n'est pas son projet. C'est le fantasme de ceux qui l'accusent. L'accusation décrit toujours l'accusateur.
C'est du Girard Ă l'Ă©tat pur : on dĂ©signe un bouc Ă©missaire pour ne pas voir le mĂ©canisme qu'on porte soi-mĂȘme. Celui qui hurle « nazi » rĂȘve souvent, en silence, du pouvoir de bannir, de ficher, de faire taire.
L'homme qui aurait tous les moyens de bĂątir 1984 est prĂ©cisĂ©ment celui qui laisse ses pires dĂ©tracteurs parler. Demandez-vous qui, dans cette histoire, rĂȘve vraiment du tĂ©lĂ©cran.
Patrick retweeted
Can someone please explain to me the logic here?
No compromise on CLARITY means no restrictions on intermediaries offering stablecoin rewards. If you believe the banksâ argument about deposit flight, this would be catastrophic.
Feels like Iâm watching an arsonist threaten to burn down their own home.
Patrick retweeted
đš Do you understand what just happened?
New York wants to ban AI from answering questions about medicine, law, and engineering.
Let me translate that for you:
> The industries charging you $500/hour just lobbied to make sure you can't get the same answers for free.
> This was never about safety. It's about protecting the bill rate.
> Lawyers don't want you to know AI can draft a contract in 30 seconds.
> Doctors don't want you to know AI can read your bloodwork better than a resident.
> Engineers don't want you to know AI can review your blueprints overnight.
They're not banning AI to protect you. They're banning it to protect their invoices.
Patrick retweeted
Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savingsâwhile trying to block any rewards or perks from being given to customers.
These banks, and others, pay rock-bottom rates on standard savings (often 0.01%â0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.
Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4â5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying âfairnessâ and using words like "stability"âwhen it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.
Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they âpayâ you!
Fortunately, the big banks are losing this fight as customers wake up to the gamesâŠ
@worldlibertyfi
Patrick retweeted
"The Pentagon isnât asking you to help build Skynet. Theyâre asking you to not have veto power over how a democratically accountable military uses a tool it purchased. Their point about âall lawful purposesâ is actually the correct institutional boundary: the military operates under law, under civilian control, under congressional oversight"
I asked Claude to look up the current situation and write a note to @DarioAmodei
Dario,
I say this as a friend: you are making a catastrophic strategic error, and the reasoning behind it doesnât survive contact with reality.
Your two red lines â no mass surveillance of Americans, no autonomous weapons without human-in-the-loop â sound principled in a vacuum. But you are not operating in a vacuum. You are operating in a world where the PLA is integrating AI into every layer of its kill chain with zero such scruples, where Chinese military AI development has no institutional review board, no congressional oversight, no ACLU, and no Dario Amodei demanding terms of service compliance.
The practical effect of your stand is not that autonomous weapons donât get built. They get built â by China, by Russia, by anyone not constrained by your moral framework.
The practical effect is that the one military that actually has democratic accountability, civilian oversight, courts, a free press, and a functioning inspector general is the one that fights the next war with worse tools.
You are not preventing dystopia.
You are ensuring that if dystopia comes, it will be imposed by actors who never had to negotiate with you at all.
Consider the logic chain:
1.You pull Claude from classified systems.
2.The Pentagon scrambles to Grok or Gemini â inferior models by everyoneâs admission, including DoDâs own people.
3.The capability gap between the US and China widens in domains where AI is decisive: cyber, ISR fusion, targeting, logistics optimization.
4.The probability of a successful defense of Taiwan, or deterrence of a move on Taiwan, decreases.
5.The liberal democratic order you claim to value loses its security guarantor.
Youâve told me yourself that you believe frontier AI is among the most consequential technologies in human history. If you actually believe that, how can you justify ensuring the US military â the only force standing between liberal democracy and its rivals â fields second-best AI? On what moral calculus does that work out?
The Pentagon isnât asking you to help build Skynet. Theyâre asking you to not have veto power over how a democratically accountable military uses a tool it purchased. Their point about âall lawful purposesâ is actually the correct institutional boundary: the military operates under law, under civilian control, under congressional oversight. Your acceptable use policy is a private company substituting its judgment for the entire apparatus of democratic military governance.
Thatâs the actual God complex here.
The surveillance concern is a red herring in this context. The NSA already has authorities and tools for surveillance that dwarf anything Claude enables. Youâre not preventing mass surveillance by withholding Claude â youâre just ensuring that whatever AI the government does use for those purposes is less safe, less auditable, and less aligned than yours.
Same logic applies to autonomous weapons. Autonomous systems are coming regardless. The question is whether theyâre built on a foundation that has your safety research baked in, or on something hacked together by a defense contractor with none of your alignment work. You are selecting for the worse outcome.
I know youâre getting praised right now by exactly the people youâd expect. That praise is worth nothing when the strategic balance shifts and thereâs no one left to protect the system that allows companies like Anthropic to exist in the first place.
You are sacrificing the security of the civilization that makes your principles possible, in the name of those principles.
Patrick retweeted
We're at an inflection point.
The internet is evolving from moving information to moving value.
Blockchain, stablecoins, and AI aren't separate trends â they're converging into something much bigger: a reimagined global economic system, built natively on the internet.
We are entering a world where, in my view, tens or even hundreds of billions of AI agents will interact and perform economic functions over the internet.
They'll need programmable digital dollars and open infrastructure to do it. That's exactly what we've been building at Circle.
Circleâs Q4 showed this isn't just a vision anymore â it's happening. USDC expansion continued, our share of stablecoin transaction volume approached 50%, and our broader platform expanded well beyond issuance into the infrastructure layer of onchain finance. Arc. CCTP. Circle Payments Network. StableFX. Each one a building block for what comes next.
The opportunity ahead has never been greater. And we're just getting started.
Full results at investor.circle.com
Patrick retweeted
Proud to lead @trycloudburstâs Series A. AI + offâchain intel to spot fraud networksâgiving regulators, exchanges & investors an edge. Co-investors: @SCV_Cyber @coinfund @cbventures @bloccelerate
+ InâQâTel. More: burst.cloud
Cloudburst Raises $7M Series A to Scale Off-Chain Crypto Intelligence Platform coindesk.com/business/2025/0âŠ
Patrick retweeted
Weâre excited to welcome @dempsey_andrew as our new Partner at Borderless!
With senior roles at CBC Group and Fortress, Andrew brings 20+ years of experience in private capital and investor relations across PE, credit, real estate, and hedge funds.
As institutional demand for digital assets accelerates, Andrew will lead our efforts to expand access and build trusted pathways for traditional allocators entering Web3.
The golden era of digital assets is hereâand weâre just getting started
Read more: businesswire.com/news/home/2âŠ
Patrick retweeted
Meet our prominent GBC speakers:
âąAbdulla Al Dhaheri, Chief Executive Officer @adbc_ae
âą@crainbf, Co-Founder & Chief Executive Officer @ChorusOne
âą@ikardanoff, Partner @TON_Ventures
âą@patrickokain, General Partner @borderless_cap
Register here: bit.ly/14th-GBC
Patrick retweeted
đHappy holidays!
đïžWeâre thrilled to announce our latest, #101st episode of @Encrypt_d podcast, "From National Security to DePIN: Unlocking Borderless Web3 Opportunitiesâ, featuring @patrickokain , General Partner at @borderless_cap!
đĄThis episode of Encrypted is powered by @myco_io and sponsored by The @HBAR_foundation: hbarfoundation.org/
â
The HBAR Foundation cultivates vibrant economies and ecosystems on the Hedera network by providing financial, community, and marketing support for projects attracting millions of users and billions of dollars to the ecosystem!
đWatch and listen here:
đșYoutube: youtu.be/O2_7uPLz5fw?si=ZRqyâŠ
đ±Encrypted: podcast.encrypt-d.com/borderâŠ
đ§Apple Podcasts: podcasts.apple.com/ae/podcasâŠ
đSpotify: open.spotify.com/episode/3qyâŠ
đïžOvercast: overcast.fm/+AAOKwiVj6mU
đWith a career spanning over 18 years across venture capital, national security, and federal law enforcement, Patrick has a unique approach to analyzing Web3 startups and doing the due diligence.
đ What to Expect in This Episode:
How Patrickâs experience in national security and financial crime investigations at the DEA has influenced his approach to crypto and Web3 investments.
The evolution of Borderless Capital, managing $500M+ in assets with 250+ investments since 2018.
The launch of their third DePIN-focused fund and how it builds on the success of previous funds.
His work establishing the Opportunity Fund paves the way for the next wave of Web3 growth.
The challenges and opportunities for Web3 startups amid regulatory changes.
Partnerships with #Web3 companies, such as Peaq, Solana Foundation, Jump Crypto, and IoTeX to accelerate global adoption.
Borderless Capitalâs vision for emerging markets, including the UAE, and the intersection of Web3 with AI and tokenized RWAs.
đ» Tune in now to learn how Patrick and Borderless Capital are unlocking the future of decentralized technologies.
#EncryptedPodcast #Web3 #DePIN #OpportunityFund #Blockchain #DubaiBlockchainCenter #VentureCapital #BorderlessCapital #Crypto #Innovation #Myco #Hbar #HbarFoundation #Hedera #HederaHashgraph
Patrick retweeted
We are grateful to our partners @jump_ , @WormholeFdn , @peaqnetwork , @mawarixr , @GSR_io , @SolanaFndn , @OVioHQ , @OpenLedgerHQ , @geodnet , @iotex_io , @srcful , @Wayra , @NATIXNetwork , @WifiDabba , @upnetworkhq , @AmbientNetwork , @Grid_build @movementlabsxyz , @UpRockCom for joining us at our DePIN Fund III Launch cocktail in Singapore. The event was a tremendous success. We extend our gratitude to our portfolio projects, sponsors, and LPs for their continued support in driving the growth of the DePIN ecosystem. #TheFutureIsBorderless #DePIN #VC #Web3
Patrick retweeted
EXCLUSIVE: Solana DePIN Mawari Network raises $10.8 million in new funding theblock.co/post/318367/solaâŠ
Patrick retweeted
We're thrilled to introduce the next chapter in our journey with a bold, redesigned brand identity. Our new logo reflects our limitless vision and commitment to breaking barriers in the world of Web3.
Borderless isn't just a name - it's a promise.
A promise to explore uncharted territories, foster innovation, and push the boundaries of what's possible in the decentralized future.
Stay tuned for more as we continue to build a world without borders!
The future is B O R D E R L E S S
Patrick retweeted
Today one of DePIN's most prominent investors and thought leaders takes the stage at R3al World.
@alvarogracia, partner at @borderless_cap, will deliver a keynote titled "1000 Year Old DePIN" that promises to redefine your understanding of DePIN.
Patrick retweeted
The Week Ahead - Macro/Crypto
Last week, Bitcoin saw a significant recovery in tandem with US equities, which recovered strongly after a disastrous performance the week before. Relevant to the positive dynamic was MicroStrategy announcement of additional 18,300 Bitcoins purchased for approximately $1.11 billion. This acquisition was completed between August 6, 2024, and September 12, 2024, at an average price of about $60,408 per Bitcoin. Importantly, BTC saw strong resistance around those levels, seeing some exhaustion in buying power.
In terms of the ETF flows, the BTC Spot ETFs saw net inflows of $263 million last Friday, marking a positive weekly trend after weeks of mixed or negative inflows.
Ethereum Spot ETFs also saw small inflows last week, yet still on net negative terrain since it was approved.
This week, the focus will center around the FOMC FedFund rate decision and statement on Wednesday 2.00pm followed by Fed Chair Powell remarks. The target rate probabilities of a 50bp as measured by the CME soared to 59% from less than 20% just a few days ago when the CPI and Core CPI were released last Wednesday.
Indeed, the Core CPI showed stickiness above 3%YoY with a slight upward surprise in the monthly reading of 0.3%MoM vs. 0.2%MoM expected. So, even though the Headline CPI is fast approaching the 2% Fed target, with a 2.5%YoY release after the 2.9%YoY in July, the Core Index, which excludes energy and food prices, is still a challenge. That alone might have affected expectations for a 50bp cut this week at the moment of the release.
Yet, those expectations for 50bp cut surpassed significantly the previous almost fully priced-n 25bp cut based on the perception that the Fed might seek a soft landing of economic activity and, due to concerns in the employment front, it may go for the aggressive move of a higher cut.
Implications for BTC (and crypto)
If materialized, the 50bp cut will be a razor of two edges. On the one hand, itâs a liquidity boost and risk-on signal. On the other, it brings a tone of caution as it may signal that the Fed is already behind the curve and the economy may need further stimulus to avoid a recession. Those opposed views are likely to bring a volatile week ahead in crypto assets.
Patrick retweeted
The kind of collaboration we want to see in the Borderless DePIN portfolio, two of our best projects in simbiosis. Way to go!
Today @geodnet and @wingbits are announcing a partnership to develop a revolutionary new generation of flight tracking infrastructure, including dual-mining devices GEOD + Wingbits.
#DePIN #Web3 #DecentralizedFlightTracking

































