GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
📺 Latest Episode: This Chart Shows Why Bitcoin Is Falling
📰 News: Harvard Endowment Dumps $87M ETH Stake
🌟 Narrative of the Week: The Great Pruning
NEWS📰
🎓 Harvard Endowment Dumps $87M ETH Stake
Harvard Management Company has completely liquidated its $87 million position in BlackRock's iShares Ethereum Trust after just one quarter, while also trimming its Bitcoin ETF exposure by 2.3 million shares. The prestigious endowment's retreat from ETH coincides with a broader bear market that has slashed the asset's price by over 50% since its August 2025 all-time high.
🔵 Polymarket Taps Nasdaq for Pre-IPO Predictions
Polymarket has partnered with Nasdaq to launch a new category of prediction markets focused entirely on pre-IPO startups and private capital milestones. Utilizing Nasdaq Private Market's underlying data and infrastructure, users can now trade on specific corporate events such as upcoming fundraising rounds and valuation shifts, bringing much needed price discovery to a notoriously opaque sector.
🚪 A Wave of Resignations Rocks Ethereum Foundation
The Ethereum Foundation is facing scrutiny as an accelerating exodus of top tier talent raises fresh uncertainty about its future. Following a string of high profile exits core contributors Carl Beek and Julian Ma are the latest to announce their resignations. Although the foundation underwent an organizational restructuring in 2025 aimed at addressing community criticism regarding its execution and ecosystem support, the continuous departure of Ethereum's most visible and staunch advocates has left the crypto industry questioning the internal dynamics and long term trajectory of the organization.
🇺🇸 Bipartisan ARMA Bill Proposes 1M Strategic US Bitcoin Reserve
A bipartisan coalition of US lawmakers, has introduced the American Reserve Modernization Act of 2026 (ARMA) to officially establish a Strategic Bitcoin Reserve and Digital Asset Stockpile. The legislation outlines a budget neutral strategy to acquire up to 1 million Bitcoin over a five year period. Under the proposed framework, the US Treasury would be required to hold the cryptocurrency for a minimum of 20 years, with the sole exception of selling the assets to reduce the nation's soaring $39 trillion national debt.
This Chart Shows Why Bitcoin Is Falling
In this video, I break down why Bitcoin is falling and why the real reason has nothing to do with crypto being broken. I explain the key chart behind the entire move, what needs to happen for BTC to recover, and where price could go next depending on macro conditions.
NARRATIVE OF THE WEEK: THE GREAT PRUNING
The crypto industry is getting humbled right now. Major media brands quietly cutting staff, exchanges swapping headcount for AI, and over 20 funded projects calling it quits in Q1 2026 alone, the energy has shifted hard from grow at all costs to just staying alive. Here's what's actually going down:
Coinbase Goes Lean & Mean: Brian Armstrong swung the axe, 14% of the workforce, roughly 700 people gone by end of Q2. The official reason is market volatility plus a serious bet on AI.
Bankless Cleans House: The media side is bleeding too. Word got out this week that Bankless quietly let go of most of its team, while co-founder Ryan Sean Adams posted some cryptic tweet about the "end of the first era." The community wasn't happy — less about the cuts, more about the silence. It's a cold reminder that even the loudest voices in the space aren't untouchable when revenue dries up.
The Protocol Graveyard: Q1 and early Q2 2026 have been brutal. Over 20 funded projects have shut down. Step Finance, Leap Wallet, ZeroLend, Nifty Gateway all either wound down or sunsetted key operations recently. Capital is funneling almost exclusively into BTC ETFs and large cap names, leaving mid tier altcoins and DeFi protocols starved of the liquidity.
This isn't the sky falling it's a reset that was always coming. The projects that launched on easy money are now getting stress tested in real conditions, and the ones without actual users or a path to revenue are losing. The capital hasn't left crypto. It's just consolidating. For you as an investor, now is the time to be honest about your portfolio if the projects you're holding aren't showing they can survive this environment, they might be the next name in the graveyard.
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