Coinbase has been hacked, with attackers threatening to leak | sjdedic on Binance Square

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Coinbase has been hacked, with attackers threatening to leak customer data.
Wouldn't have happened to Infinex users.

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After speaking with some of the smartest minds and biggest players in the industry, one thing’s become pretty clear: No one really cares about infrastructure anymore. The spotlight has shifted to the application layer, the consumer-facing stuff, the actual use-cases. That’s where the real excitement is now. Layer 1s that are stuck mid-curving this - obsessing over tech and ignoring everything else - are in trouble. The winners will be the ones doubling down on business development, marketing, and actively helping their builders with distribution. Expect a wave of much more exciting use-cases over the coming years, the kind that could bring in a massive amount of new users. Honestly, I wouldn’t be surprised if we start seeing apps valued in the tens of billions (or more), while L1 tokens slowly lose market share and fade into irrelevance. Exciting times ahead, just don’t midcurve it.

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Bullish on anything people actually want to use and are willing to pay for, with or without incentives or airdrops. Plus founders who treat the token as on-chain equity, committing 100% of ownership to it. Leave me alone with overengineered tokenomics, bullshit airdrop campaigns, or pseudo-fancy narratives. It’s really that simple.

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Had a long convo with @kaiynne yesterday about the future of Infinex. Good news: I’m more bullish than ever. The team is laser-focused and shipping fast - there’s a ton in the pipeline that could genuinely change how we interact on-chain. CEXs and boomer wallets are cooked. Bad news: I’m fighting the urge to buy more Patrons even though I’m already massively overexposed. Probably going to lose that fight. On-chain future is looking gud here.

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gm to absolutely everyone except those who still don’t realize how insanely bullish this market setup is. Fundamentals are stronger than ever. Smart money and big institutions have more FOMO than we’ve ever seen. Macro is lining up perfectly. The market shrugs off bad news no matter how bad it is. Even when we dip, it gets absorbed instantly. We’re on the edge of a breakout - could happen literally any day now - and when it does, it’s going to rip. My early condolences to those who don’t see it and are going to be stuck on the sidelines.

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Don’t want to sound like a boomer, but Coinbase is looking absolutely gorgeous right now. If $COIN closes the week above $340, it’s entering price discovery for the first time since IPO - after more than 4 years. Then there’s literally nothing stopping it from making a run at $1000. $CRCL single-handedly kicked off TradFi’s crypto FOMO. Coming for your favorite alts next.

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