I met Cristiano Ronaldo. Yes, exactly that same person who has long since become a living legend. This day will certainly remain in my memory for the rest of my life - Ronaldo turned out to be not just a sporting icon, but a symbol of greatness and determination. I am often asked: why do I attend all sorts of conferences and meetings? It is difficult to answer. But today I will try to share my thoughts.
💭My name is Richard Tang, and if you allow me, I’ll tell you how I ended up at the center of one of the most dynamic and exciting industries of our time: cryptocurrency. 💭So, it’s 2017. I was the head of ABW Global Market, and frankly, my world revolved around traditional finance. But at one of the conferences in sunny Florida, where they usually discuss the usual topics - from futures to stock markets - there was a new energy in the air. This new drive came from young, ambitious people, talking about cryptocurrencies with sparkling eyes. I noticed that I was not the only one captivated by this atmosphere. More and more voices talking about the future of finance were coming from this sphere, and I could not remain indifferent.
🔵Coinbase launches a feature for creating custom stablecoins, allowing partners to issue branded stablecoins.
😏This is a kind of format for accepting RWA (real world asset), companies will issue stablecoins backed by their stocks or assets…
🫠Overall, these steps greatly contribute to the program for the global expansion of the dollar, I think there are still many similar steps ahead from various crypto companies.
👀Amazon Web Services (AWS) clients can now use BNB token services through Better Payment Network (BPN), a corporate-level payment rail originally built on BNB Chain.
ℹ️This integration provides businesses with a faster, easier, and more cost-effective way to manage global payments at scale.
👀The stable I mentioned earlier will be launched in the same format.
🫠Given the variety of the market and business models - Binance has decided to try making its stablecoin again.
ℹ️The official video contains the following caption: 💭"A new stablecoin that combines liquidity in various use cases and is designed for scalability. Coming soon to BNB Chain 👀"
🥸What is this? It's not entirely clear, perhaps obtaining some kind of license will allow Binance to print its dollars.
🔴The experience with BUSD was good until the pressure started.
🟢BUSD was printed by a third-party company PAXOS, receiving collateral from Binance. But at some point, they had to abandon this coin.
💭Now we are talking about a new coin that will add liquidity to the BNB CHAIN network.
🟡The TVL of stablecoins in BNB CHAIN is around 15 billion dollars.
🫣Perhaps Tether's business model and their profit metrics have prompted Binance to once again tread the path of stablecoins. 🤩This could also be the official launch of some popular stablecoin, but on the BNB CHAIN (for example, a stablecoin from PayPal), which will increase the turnover of the BNB network.
ℹ️Tether made a bold €1.1 billion cash deal to acquire a controlling stake in the football club 'Juventus', but this offer was quickly rejected by the long-time majority owners of the club.
👀Observation: last year the ticket prices rose throughout the entire time. 🤯This year - it only increased just before the event. 🫣Even before I got there, I had a suspicion that tickets were selling poorly. 👉And that's true, out of the declared 7000 people, there were noticeably fewer at the event. 🤓I would link this to a "local drop in interest in crypto," since right now the fear/greed index is in the zone where people do not believe in future growth.
🟡At the same time, at the event itself, there were many people whose activities in crypto are not only related to trading and other speculative manipulations. 🙃I am talking about creators, they were there, and there were quite a few of them. 🫡That's very good! 🤓At the moment of hype - there will be noticeably more of them (builders).
😏P.s.: the next post will be in some insider format... (I'm not joking)
🙃I always thought of him as some kind of nervous and foolish person. After all, his statements very often "zeroed out" crypto.
🟡I was surprised (pleasantly surprised) at how good he is in real life. Smart, and performed well in debates. 🟡I would say that he was often a very "truthful person," saying things that are hard to argue against. 👉Straightforward, logical, smart. 🫣When I went on Twitter after the debates, I saw many posts about the recent dispute. 🫠There, he was portrayed as a "boor, the loser of the argument." 🔴The portrayal in which he exists in the crypto space is very different from reality. 🧐And I also think that he actually understands how much more valuable Bitcoin can be; he just says that "the price is not backed by anything." 🥸But sometimes he realizes that the price is backed by faith… 💭And here’s what he says about it: people believe that by buying Bitcoin today, they will be able to sell it for more in the future. 😏 argue with that?) 🙂After all, everyone who buys BTC really wants to sell it for more in the future.
👉In general, he is good and I recommend that while studying him, you do not look at the portrayal that exists in the crypto space; this will help you see a picture closer to reality a little better and clearer.
🫠P.s.: even though he denies it, I think he has some cryptocurrency…
🟡So, I have already been to the third BBW event, and I wanted to convey the atmosphere of this place to everyone interested. 👉The desire to describe the emotions and thoughts that visited me when I was there. 🫣But when you are "in the action" - there is no opportunity for that. 👀And today I want to write down a few thoughts.
💭To begin with: I have once again confirmed that I am a fan of Binance and BNB. 🐫 The company has become "a caravan that moves while the dog barks."
🤯Yes, now it’s immensely large (300 million users). 👽Yes, it now closely works with many governments of different countries. 🟡Yes, it has the most frequently used and one of the fastest blockchains in the field. 👉And yes, it still puts users first.
🙃From all my experience, Binance has shown itself to be better than all the companies I believed in (invested in). I hope that others can achieve similar heights, as the path to recognition is visible to all.