Kenny B (@KMagcap) header
Kenny B (@KMagcap) profile picture

Janitor @Guidance_vc | Prev: Head of Eco @KelpDAO, DeFi Lead @MorphNetwork @Taikoxyz and Principal @Magnus_fund

Asia
Joined June 2011
Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)Photo by Kenny B (@KMagcap)
The first markets on @pharos_network are live! → APC3M: a 3-month USDC vault with exposure to emerging-market consumer credit → pALPHA: the Pharos RealFi Vault, allocated to diversified RWAs Explore them below 👇
Replying to @SiloFinance
First markets on Pharos: • APC3M/USDC: app.silo.finance/markets/pha… • pALPHA/USDC: app.silo.finance/markets/pha… Each market is isolated, with its own collateral, oracle and parameters.
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Today is a crypto humiliation ritual
All in. Every time. Julia Garner and Anthony Boyle star as Caroline Ellison and Sam Bankman-Fried in this limited series about the love scorned prodigies behind the FTX scandal. The Altruists premieres November 19.
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Silo is coming to @pharos_network, the financial L1 for RealFi! Pharos brings RWAs onchain. Silo gives them a place to work, with isolated markets where RWAs can be used as collateral. Expect new markets next week.
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Yoo uhm… @Morpho are you saying your business model doesn’t work?
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Oh shit
🚨🚨 bitget is being hacked right now 🚨🚨 over $170m drained already get your funds off bitget !!!!!
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Kenny B retweeted
Now send Bitcoin to $50k and see if they kill themselves
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Kenny B retweeted
pivot to one of these thank me later
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Kenny B retweeted
POV: market’s in flow @HZ7102
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Kenny B retweeted
Replying to @beniduboss
"Yeah so this guy IcoBeast who doesn't get paid to promote Kalshi, he literally works there, insulted this Swiss autist on X named Beni, and told him to cope, rage and seethe. Beni got triggered and dug up all this evidence that pointed to Kalshi wash trading. Kalshi legal tookover IcoBeast's account and responded. Then John Wang piped in, and made Beni even more angry. Beni is talking to the WSJ, Bloomberg, the Coffee Podcast guy, it's crazy. He's hiring lawyers before he dumps even more damning proof. One autist against a $40 billion company. Pure cinema."
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It’s time. 🫡
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Kenny B retweeted
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Moi X Space Topic: How VC think about web3 - AI intersection opportunity is going to look like. 📅July 31th, 2026 ⏰1PM UTC Host is our own @pimaBD with amazing panelist - @DarknightHimslf from @ApeVenturesVC , @loukerner from @CryptoMondaysNY , Max from @CadenzaVentures , @abhishek095 from @SentientAGI Ventures,our Founder and CEO @Arshasays, @KMagcap from @Guidance_vc and @Richard88488054 from @DraperDragon . Set your reminder: teapawt.net/i/spaces/1MJgNNLLLlPGL…
Moi X Space Topic: How VC think about web3 - AI intersection opportunity is going to look like. 📅July 31th, 2026 ⏰1PM UTC Host is our own @pimaBD with amazing panelist -@DarknightHimslf from @ApeVenturesVC, @loukerner from @CryptoMondaysNY, Max from @CadenzaVentures, @abhishek095 from @SentientAGI Ventures, and our Founder and CEO @Arshasays. Set your reminder: teapawt.net/i/spaces/1MJgNNLLLlPGL…
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Kenny B retweeted
List of crypto project shutdowns in 2026 a) CEX • BitMEX • BitMart • AscendEx b) DeFi • Zapper • Odos Protocol • Radiant Protocol • Satori Finance • Summer.fi • Goldfinch • Step Finance • Dango Exchange • Rage Trade • MilkyWay • Angle Protocol • Ranger Finance c) Infra • Lamina1 • Loopring • Botanix • Polygon zkEVM • Leap Wallet • Tally • Parsec • Lattice / Redstone While at the same time some interesting innovations on-chain/ activity picking up on-chain • Robinhood: their on-chain trenches (somewhat) revitalised (started with Cashcat) although yet to see a token >$100m currently - some tokens are also paired with tokenised stonks (e.g. $AI paired with tokenised $NVDA stock via @longdotxyz) which is quite novel and new. There is also a revenue generating launchpad on Robinhood in $PONS which is doing quite well • Base: decentralised and open source AI still continues to shine - open models strengthen safety and privacy (some tokens that come to mind $POD, $VVV, $REI which Base seem to have some strength in). Special mention to decentralised compute as well ($SURPLUS and $CHIP) • Ethereum: gamified commerce via gacha/blindboxes on NFT/collectibles on multiple chains (apart from TCG there is now gacha for Wine and even Hot Wheels kek). Most recently $FWA (Fake World Assets) on Ethereum (deposit NFTs + ETH to earn fees/rewards, or pay ETH to randomly pull one and choose the NFT, its ETH, or $FWA tokens) • Solana: Still the chain where most on-chain volume is at --> $ANSEM (different type of meme via supply control by @blknoiz06 and a slow-drip airdrop model to people providing value to the meme), $KINS (too bad it died lmao but it did well initially, some on-chain Runescape + unlike other P2E where it relied on just token emissions, this had a proper in-game economy - too bad gaming is DEAD in crypto), @MetaDAOProject projs like $CRED (on-chain Stripe) + Rip Cars (Hot Wheels gacha) and Jurassic (Tokenized Dinosaurs) are unique (unsure the sustainability of these projects, more so looking from uniqueness standpoint), @Collector_Crypt with $CARDS (still very bullish alternate investments like collectibles as young people continue to be priced out of other assets like houses and the rise of Kidulting) • Other chains: random burst of volume on memes like $FEFER on Stable chain and $UTYA on Gram (TON) chain Feels eerily similar to 2024 timeline • Market was quite boring • New innovation on Ethereum in ERC404 (semi fungible NFTs like PANDORA lmao) Feb 2024 • Memes like POPCAT, WIF, BONK really took off from Feb 2024 till EOY • $GOAT launched in Oct 2024 which sparked off the huge AI agent run-up Wonder where do we go from here onwards, still have Clarity Act uncertainty + US Midterms + Iran war + potential rate hikes to navigate reee
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Kenny B retweeted
me visiting the network school in Kazakhstan next year
I am pleased to announce that a memorandum of understanding has been signed between the Republic of Kazakhstan and Network School. Our new campus will become a haven for global techno-optimism, with expedited visas, streamlined redomiciliation, and active recruitment of talent.
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Kenny B retweeted
The final tranche of 20,373.72 rsETH has been sent to the rsETH OFT adapter earlier today. This closes the operational part of the rsETH recovery plan. Tx: etherscan.io/tx/0x3be61d4336…
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. @0xngmi cooked
Defillama removed some tvl for a chain that was inflating it and now I see their team writing novels about how tvl is not a good metric to value them Yeah I’m sure it has nothing to do with it being low for their chain
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Kenny B retweeted
You'd never guess what he’s replying to.
Replying to @1pterson
Risk is very rare. Risk is everywhere. Will you stop driving a bike because there is a risk of accident?
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📂 Key Crypto / DeFi Hacks ┃ ┣ 📂 May ┃ ┣ 📂 @VerusCoin ($11.6M) ┃ ┣ 📂 @THORChain ($10.8M) ┃ ┣ 📂 @trustedvolumes ($6.7M) ┃ ┣ 📂 @TransitFinance ($1.88M) ┃ ┗ 📂 @EkuboProtocol ($1.4M) ┃ ┣ 📂 April ┃ ┣ 📂 @KelpDAO ($292M) ┃ ┣ 📂 @DriftProtocol ($285M) ┃ ┣ 📂 @rhea_finance ($18.4M) ┃ ┣ 📂 Grinex ($13M) ┃ ┣ 📂 @wasabi_protocol ($5M) ┃ ┣ 📂 @volo_sui ($3.5M) ┃ ┣ 📂 @hyperbridge ($2.5M) ┃ ┗ 📂 @CoWSwap ($1.2M) ┃ ┣ 📂 March ┃ ┣ 📂 @ResolvLabs ($23M) ┃ ┣ 📂 @SolvProtocol ($2.7M) ┃ ┗ 📂 @VenusProtocol ($2M+ bad debt) ┃ ┗ 📂 TBD
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Kenny B retweeted
Seismic Testnet is live. We built it alongside 30 financial services companies, from fintech startups, to regulated institutions, to local governments.
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Kenny B retweeted
Two weeks ago, a forged transaction on infrastructure we trusted cost our users 116,500 rsETH. I'm not going to pretend that doesn't stay with me. Earning users' trust takes years. Watching it get tested like this is something I wouldn't wish on anyone. We paused the contracts. We flagged the breach. We coordinated recovery. We documented everything. And we didn't speak until we had something worth saying. I want to thank everyone who showed up for DeFi these past two weeks. Every team that prioritized the ecosystem over everything else. That solidarity is what this industry is built on. We have always chosen our users over the noise. But silence isn't the same as having nothing to say. Here's what happened. Here's what the facts show.
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