EXCLUSIVE: ZKsync developer Matter Labs poaches Solana Foundation's former VP of marketing - The Block
The incredible story of how someone bought an Ape Punk for 10 ETH - x/@niftynaut
Every transaction hash by Ethereum user bigbrainchad.eth begins with 0xbeef... What a 🦾 - 𝕏/@bertcmiller
What's the most popular "magical internet money?”
Hint: It's not Bitcoin or Ethereum.
It's something you probably use every month, responsible for trillions in global transaction volume, and it underpins some of our most vital industries.
Give up?
It's airline miles and credit card points ✈️
We just just published a brand new episode exploring the wild world of loyalty programs and how they've secretly become one of the biggest players in the global economy. Airlines are banks now. They print money, then sell it to credit card companies who distribute it to their customers for consumer purchases. Nearly everyone has a few CC's with various rewards and while you get some status, flights, and hotels every now and again, the points only have value in the bank/airlines’ ecosystems.
These miles programs have evolved into a global financial behemoths and I was shocked when I found out how reliant the airline industry is on them. During the pandemic we learned they are a $200 billion dollar industry that captures a 5-10% share of US GDP. But points are opaque, illiquid and owned by the banks. You have no control over them.
It's a perfect market for crypto to consume.
In this episode Fold CEO Will Reeves explained how they're using Bitcoin to create a new kind of savings account with "Sats-back" and why Fold users love the platform so much. Oh yeah, and Fold is about to IPO later this year as the first Bitcoin company on the NASDAQ.
Also interviewed is MoSo's head of BD Jake Margulies who shared their "shop-to-earn" platform’s goals to allow any crypto project to distribute tokens through everyday shopping.
Both companies are putting crypto in the hands of people who may never have opened a CEX account, spun up a self-custodial wallet, moved money to an L1/L2 or played with DeFi. These are the next wave of crypto titans. Companies that use crypto as a reward to onboard using exisiting consumer purchasing rails. It's a fundamental shift in how we think about money, value, and the future of finance and I think you'll enjoy the podcast.
Listen on Spotify | Apple Podcasts
Hint: It's not Bitcoin or Ethereum.
It's something you probably use every month, responsible for trillions in global transaction volume, and it underpins some of our most vital industries.
Give up?
It's airline miles and credit card points ✈️
We just just published a brand new episode exploring the wild world of loyalty programs and how they've secretly become one of the biggest players in the global economy. Airlines are banks now. They print money, then sell it to credit card companies who distribute it to their customers for consumer purchases. Nearly everyone has a few CC's with various rewards and while you get some status, flights, and hotels every now and again, the points only have value in the bank/airlines’ ecosystems.
These miles programs have evolved into a global financial behemoths and I was shocked when I found out how reliant the airline industry is on them. During the pandemic we learned they are a $200 billion dollar industry that captures a 5-10% share of US GDP. But points are opaque, illiquid and owned by the banks. You have no control over them.
It's a perfect market for crypto to consume.
In this episode Fold CEO Will Reeves explained how they're using Bitcoin to create a new kind of savings account with "Sats-back" and why Fold users love the platform so much. Oh yeah, and Fold is about to IPO later this year as the first Bitcoin company on the NASDAQ.
Also interviewed is MoSo's head of BD Jake Margulies who shared their "shop-to-earn" platform’s goals to allow any crypto project to distribute tokens through everyday shopping.
Both companies are putting crypto in the hands of people who may never have opened a CEX account, spun up a self-custodial wallet, moved money to an L1/L2 or played with DeFi. These are the next wave of crypto titans. Companies that use crypto as a reward to onboard using exisiting consumer purchasing rails. It's a fundamental shift in how we think about money, value, and the future of finance and I think you'll enjoy the podcast.
Listen on Spotify | Apple Podcasts
Vitalik posting he will only publicly mention L2s that are following through on decentralization - x/@VitalikButerin
A new article by Swift: Streamlining the global movement of digital assets and currencies - swift.com
Coinbase introduces cbBTC, a Bitcoin-backed ERC20 token available on Base and Ethereum to expand Bitcoin usability. - Coinbase
eToro settles with SEC, will halt trading of most crypto assets after unregistered broker charges. - sec.gov
Castle Island publishes “Stablecoins: The Emerging Market Story” highlighting how the asset type is evolving beyond Crypto, emerging as key financial infrastructure. - castleisland.vc
Judge rules CFTC exceeded authority in blocking Kalshi’s election contracts. - The Block
Chaos Labs has launched Edge, a decentralized oracle network that secured over $30B in transaction volume while in stealth. It powers Jupiter Exchange with advanced risk modeling, delivering resilient pricing and real-time risk adjustments during extreme market conditions. - 𝕏/@chaos_labs
“cbbtc lacks Proof of Reserve, no audits, and can freeze anyone's balance anytime. Essentially, it’s just 'trust me.' Any U.S. government subpoena could seize all your BTC. There’s no better representation of central bank Bitcoin than this. It’s a dark day for BTC.” - 𝕏/@justinsuntron
Ethereum layer-2 performance showdown: Base surges in user growth while others stagnate – are we seeing a shift in the L2 landscape?" - 𝕏/@stacy_muur
Vega Protocol, backed by Pantera Capital, to shut down Layer-1 chain following near-unanimous governance vote. - crypto.news
Coming up in an hour - the Leviathan News DAOs and Tokenomics Panel with TokenBrice, wagmialexander, twMatt, Amadeo Brands and Joey Roth - x/@leviathan_news
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Donald Trump announces the launch of World Liberty Fi on Sept 16th - X
Leviathan News
Donald Trump announces the launch of World Liberty Fi on Sept 16th - X
Gary Gensler will bring enforcement action against Trump’s WLFI before the end of the year ⚖️
Anonymous Poll
56%
Yes
44%
No
How To Make DAOs & Tokenomics work together? - A Special Builders Panel - youtube.com