kyle

Multicoin co-founder Kyle Samani announced on platform X that his largest personal angel investment has been made into Backpack.On September 2, Backpack announced that Multicoin Capital co-founder and early Solana investor Kyle Samani has joined the Backpack US Board of Directors. Samani has long focused on the development of DeFi, blockchain infrastructure, and global capital markets. Backpack stated that this appointment reflects a shared judgment between both parties that the future of global finance will combine institutional-level risk control with the efficiency and transparency of on-chain markets.

According to Cointelegraph, Multicoin Capital co-founder Kyle Samani predicted in Cointelegraph's Trade Secrets program that Solana will achieve a market cap surpassing Ethereum's "flip" within "this market cycle," stating that "no one is really using Ethereum today."He believes that more crypto companies will choose to build on Solana because it is easier to use and more powerful, and Ethereum's status as the default smart contract network may gradually diminish. This prediction implies that SOL's market cap needs to grow from $58 billion to about five times that amount to exceed ETH's current market cap of approximately $293 billion.Samani expressed a "pessimistic" view on Ethereum's value capture ability, calling it "an asset worth $300 billion to $400 billion, with questionable value capture and no growth at all." He also pointed out that although SOL's market cap is less than one-fifth of ETH's, the Solana network has already surpassed Ethereum in weekly and monthly fees—over the past 30 days, Solana generated $23 million in fees, ranking fourth, while Ethereum generated $12.6 million, ranking sixth (DefiLlama data).In terms of background, Samani entered the crypto space through Ethereum in 2016 but turned to Solana due to dissatisfaction with scaling solutions. Multicoin led Solana's early financing in 2018.

Cryptocurrency wallet and trading platform Backpack announced that Kyle Samani, co-founder of Multicoin Capital and an early investor in Solana, has joined the Backpack US board of directors.Kyle Samani has long focused on decentralized finance, blockchain infrastructure, and the evolution of global capital markets. Backpack stated that this appointment reflects a shared belief that the future of global finance will combine institutional risk management with the efficiency and transparency of on-chain markets.

According to Arkham monitoring, Multicoin co-founder Kyle Samani has deposited $10 million worth of PRIME into Kamino Finance and borrowed 8.6 million USDC against it as collateral. The total annual yield of the USDC stablecoin he holds is 39.4%, but using PRIME can achieve an annual yield of 56.4%.

According to Arkham monitoring, former Multicoin co-founder Kyle Samani deposited a total value of $10 million in PRIME into Kamino Finance and used it as collateral to borrow $8,600,000 USDC.He pays an annualized yield of 39.4% on USDC, but earns an annualized yield of 56.4% on PRIME. Kyle Samani is an experienced user of Solana DeFi.

Former Multicoin co-founder Kyle Samani predicts that in the next 18 months, advancements in the microstructure of the Solana on-chain market will surpass any other period in cryptocurrency history. Notable expectations include:Alpenglow: A major upcoming consensus mechanism upgrade for Solana, representing one of the largest protocol-level changes in Solana's history.ACE (Application Controlled Execution): Application controlled execution is a key innovation in Solana's core roadmap.MCL (Multi-Concurrent Block Production): Future upgrades for Solana will allow multiple leaders to propose blocks simultaneously, significantly increasing throughput and reducing latency, while improving transaction inclusion times and censorship resistance.PropAMMs (Proprietary Automated Market Makers): Deployed privately by professional market makers/institutions, using real-time price oracles to update quotes and actively manage liquidity, typically not accepting permissionless deposits.Aggregators: Aggregators like Jupiter and Dflow aggregate liquidity from multiple DEXs, AMMs, PropAMMs, etc., to find the optimal execution path for users, providing the lowest slippage and best prices.Conditional liquidity: Prevents market makers from being front-run, allowing them to offer tighter spreads, ultimately resulting in better trade prices and deeper liquidity.Overall improvements to SVM and the scheduler: Including optimizations for compute units, asynchronous program execution (APE), scheduling algorithm upgrades, etc., making programs run faster, more resource-efficient, and supporting higher concurrency.

Defiance Capital investor Kyle stated on social media that the stock market performance over the past four months shows that non-U.S. markets are in a structural bull market, while the U.S. market is experiencing significant volatility, facing currency depreciation and more than 20% bidirectional fluctuations in a non-bull market. Therefore, he decided to adjust his portfolio to 75% allocated to non-U.S. markets and 25% allocated to U.S. markets.

Former Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani posted on the X platform, "Hyperliquid embodies many of the worst issues in the crypto industry. The founders fled their homeland to establish it. It openly facilitates crime and terrorist activities. The code is closed source and is licensed (requires access)."

The crypto venture capital firm Multicoin Capital announced that co-founder and managing partner Kyle Samani will gradually step back from the company's daily operations.Co-founder Tushar Jain stated that Samani's interests have expanded from the crypto space to cutting-edge areas such as artificial intelligence, longevity technology, and robotics, prompting him to dedicate more time to exploring these emerging technologies. Kyle Samani gained significant attention for his early bet on Solana and has been an important voice in the industry for years, actively promoting multiple tracks including DePIN, and co-founding the digital asset vault company Forward, which focuses on SOL as its core asset. He has also proposed core concepts related to Solana's performance, such as IBRL (Increase Bandwidth, Reduce Latency).Samani stated that leaving Multicoin is a "bittersweet" decision, but he will continue to invest in the crypto industry as an individual and remain a voice for the Solana ecosystem.

Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani stated at the Solana Breakpoint conference: ACE (Application-Controlled Execution) will allow developers to specify custom ordering rules while still operating on a single global system with a global liquidity pool.As part of the Solana "Internet Capital Markets" roadmap for July 2025, ACE grants smart contracts millisecond-level control over transaction ordering, combining traditional financial microstructure with blockchain scalability to reduce fragmentation in DeFi.

ChainCatcher news, according to crypto journalist Eleanor Terrett, insiders reveal that the White House is considering appointing former CFTC commissioner Jill Sommers and NCUA chairman Kyle Hauptman as CFTC chairman. It is reported that both are supportive of cryptocurrency.Previously, due to the stalled confirmation of Brian Quintenz's nomination, the White House has restarted its review of candidates for CFTC chairman, with other candidates including SEC's Mike Selig, Treasury's Tyler Williams, and Milbank lawyer Josh Sterling.

ChainCatcher news, Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani discussed the possibility of continued fundraising for the treasury while participating in ThreadGuy's podcast. Kyle Samani stated, "I've done so much work, not just to raise $1.65 billion and then stop. My vision is much bigger."

ChainCatcher news, encrypted KOL 0xDesigner posted on platform X that he had a heated argument with Multicoin managing partner Kyle Samani, who almost resorted to physical violence.In response, Sonic Labs co-founder Andre Cronje stated: "The first and only time I presented a product to a VC was to Kyle Samani. After the call, he thought I would not become a great builder and should stop trying to be a founder. The words were heartbreaking, and it took me some time to recover. But now I have succeeded, and the code I wrote plays a significant role in five unicorn projects, so there’s no need to pay too much attention to Kyle Samani; just focus on building cool things."

ChainCatcher message, Trump's official X account posted @ Three Arrows Capital co-founder Kyle Davies, stating that it will send important election updates from North Carolina to Kyle Davies to ensure that Kyle Davies is ready to vote for himself before November 5.

ChainCatcher news, Three Arrows Capital co-founder Kyle Davies stated in an interview with Laura Shin that the lack of any formal legal action taken against him by law enforcement agencies proves that he has not made any false statements. Nearly 2 years have passed since the Three Arrows Capital collapse, and this view remains unchanged. The CFTC and SEC have not contacted them to date, nor has Dubai; only Singapore has had some communication, and documents were submitted a year ago.