Asheesh Birla
@ashgoblue
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Board Member @Ripple | Angel Investor @prtydao, @flipsidecrypto, @rails_xyz & more | Alum @umich, @wharton
San Francisco
Joined February 2009
For years, Ripple's been laying the groundwork to connect Tradfi to DeFi. It is finally paying off.
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Loved chatting with Annie Riley on the Best Manager Ever podcast about the leadership lessons I learned and the incredible people who mentored me during my time at Ripple (@bgarlinghouse & @chrislarsensf). If you're interested in insights on managing teams and embracing risk,
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Great acquisition by @stripe. Privy is one of the few blockchain companies that prioritize user experience over ideology, making it a clear market leader. Congrats to the team!.
1/ Today, we're proud to announce that Stripe is acquiring Privy. We couldn’t be more excited. Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users.
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Stablecoins = narrow banking. Just like the internet unbundled newspapers into Craigslist classifieds, Pinterest recipes, and Substack articles—blockchain is unbundling banks. Private credit, composable finance… it’s all taking shape. Exciting times ahead. Great piece from
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Strong liquidity around tokenized assets (Stablecoins, Real-World Assets, etc.) is paramount to a strong user experience. I'm excited about this acquisition!.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted.
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White Lotus Season 3 - My favorite TV Show since Lost. Goodbye, I'll miss you.
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Circle’s IPO is rumored to be between $4-5 billion, far below the threshold at which liquidation preferences do not matter ($8 billion). Preferred stockholders (investors) will get the first $1.1 billion before common stockholders (employees, etc.) can redeem. Given 99% of.
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Circle IPO be like .
Circle earned ~$1.7b revenue in 2024 and paid out $900M+ to @coinbase as a distribution partner. That ~$1B going to Coinbase likely comes with little to no cost/opex to serve. At 10x earnings = $10 B mkt cap and likely contributes ~25% of $COIN valuation. For perspective -
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No way Tether becomes a "Federal qualified nonbank payment stablecoin issuer" right?? There will be massive second-order impacts of that but in the long-term the right direction.
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Bitcoin’s on fire at $112K! Time to flip the charts on BTCC!.Exploring Cryptocurrency with Jaren Jackson Jr.🏀.
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Finally, the correct stablecoin take! Stablecoins are game-changers - but not because a function of cost, but a function of experience.
Unfortunately it’s more nuanced than this. Traditional payment fees are primarily a function of risk (ie fraud protection and compliance) — not necessarily antiquated and expensive rails. Solana payments are far cheaper today because these costs haven’t been baked in yet. The.
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To start, probably should not have Cayman as your incorporation location throughout your website.
Polygon labs is based out of US. CEO.CLO.COO.CPO . all Americans operating out of America. Whats the criteria really to be a US crypto company?.
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Blockchain will eventually be used for many things, but at its core, it is great at storing and moving value.
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It is very smart for the crypto industry to show how it benefits everyday people. Nice AD! .
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RT @KalshiSports: BREAKING: Scott Hanson confirms RedZone will have commercials in some capacity this season. Worst day of my life https://….
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Interesting that Bakkt lists several digital assets caught up in the regulatory cross hairs of the SEC.
FT Exclusive: The US president-elect’s social media copy, in which he has pledged to retain his 53% stake, is closing in on an all-share purchase of Bakkt, a cryptocurrency trading venue owned by Intercontinental Exchange.
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Everything old is new again: "In my opinion, the only way to build a new L1 (let alone L2s or appchains as well) is to focus on building a purpose built chain. Go niche-specific. Control your execution environment, as an L1 or an appchain/niche focused L2.".
Two things are occurring in the L1 space simultaneously right now:. 1. Ethereum is by far the most hated network, and Solana is gaining mindshare. The "gap" that Ethereum had at the beginning of 2024 compared to now, feels much smaller. Still sizable, but smaller. Otherwise, no.
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After working with @CryptoCwby and @AmirSarhangi for years, I’m confident they’ll achieve great success with their new venture, Skyfire. Thrilled to be an investor and supporter!.
techcrunch.com
There's a lot of hype about the promise of AI agents today, but payments are a huge limiting factor. Today, an AI agent might be able to plan a vacation
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I like this take a lot. As companies get larger their risk appetite often diminishes but having people who keep pushing the dial within reason is key to keeping ahead of the curve. And no, this is not the chief innovation officer. If you have this role, you are already dead.
Every org needs a person who's the "Risk Taker in Chief." There's so many people inside companies whose job it is to say no (legal, comms, etc.) and really no one who is incentivized to say yes. It leads to extremely low levels of risk and a lot of boring, undifferentiated.
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Excited to have sound leadership like @jjersin running for San Francisco school board. He’s committed to turning around San Francisco public schools!.
I'm running for SF Board of Education! SF schools face a teacher shortage & massive fiscal crisis. Last weekend, hundreds of parents, teachers, and elected leaders gathered with @jaimenina, @ParagGuptaSF and me for our announcement. Let's go!!
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For decades, politicians sold out American workers to foreign markets. The tide is finally turning. Join us to help rebuild America’s economy from the ground up.
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Why am I excited about San Francisco's future? Leaders like Michael Lai are running for SF Supervisor! 🎉 Michael Lai has a bold vision to make local government work for its constituents! 👍.
Last weekend, I gathered with 200+ family, friends, & neighbors to make an announcement. An announcement rooted in my family's story, and the story of so many immigrant families who moved to the US to seek a better life. I'm running for the SF Board of Supervisors this Nov! 🧵
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