look who's printing money

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THE NET GALA is on Friday in Brooklyn. Are you ready?

Also, we’ll be livestreaming at 2pm ET today with the lovely Camille from Zora talking about a16z’s new bronze age brand, the Delta Sky Club engagement, Waymo feelings and more.

Bye!

The Boys

Writer: Deana

Editor: Miranda

We are headed to the Avalanche Summit next month in London to see speakers like Meltem Demirors of Crucible Capital and Haseeb Qureshi of Dragonfly Capital. Will we see you there?

Register now and use promo code BOYSCLUB15 for discounted tickets.

Tether. While we were all on Twitter arguing over the price of ETH for the past 3 years, Tether has been building an absolute unit of a business, booking $14B profit in 2024 with 150 employees. How? When you buy the stablecoin USDT, Tether parks your dollars in U.S. Treasury bills and pockets the interest. $147B USDT is in circulation, so that’s a lot of interest. Profits bankroll side bets like an AI data center, a peer-to-peer chat app and battery-rental kiosks in African villages, all of which use USDT. Now, will Tether ever beat the money laundering allegations? Should they submit to an audit at some point soon? That’s above my pay grade babe!

Camp Network. On the fifth day God spoke and said, ‘Let There Be More Layer 1s!’ Some people are upset about this raise from Camp Network, an “Autonomous IP Layer 1 Blockchain.” Some people are happy about it. You can make up your own mind about it.

Unrelated, I saw this book at an airport yesterday : )

Quick Hits.

• Everyone is mad about this dumb little truck, but I think it’s bitchin’.

• Everyone is also mad about these group chats, as if we hadn’t had a secretive and highly networked boys’ club since time eternal.

• Sperm Racing. “Two legends. One microscopic racetrack.”

• Truth Social is trying to reheat Farcaster’s nachos.

• A man suffering from ALS who is nonverbal received a Neuralink brain implant and just released a video about his experience.