Yesterday, Coinbase announced at its own Summit that it will soon be adding DEX to its exchange, starting with support for trading tokens on Base, and then expanding to more chains.
Interestingly, the example given in the demo was @virtuals_io 👀
It looks very similar to what Binance has done this year, using CEX to drive volume for wallets. Could the next step also be the launch of Coinbase Alpha? Looking forward to the days when Coinbase users are earning Alpha points, haha.
A bit of background information: Coinbase's current tech VP, @jessepollak, was previously in charge of the Base chain and Base wallet, and has since been promoted. This integration is also about revitalizing the business he once oversaw.
@base and @virtuals_io summer is coming?
Lastly, I have to commend Binance for a series of moves this year that not only enhance the user experience but also increase business volume, and they have pioneered a new model for TGE @heyibinance @cz_binance.
Saw a piece of news that Humanity Protocol, based on palm print identity verification, has acquired the Web3 event platform Moongate.
Congratulations to the group friends, from the last cycle to now, we have been building continuously, back then we wrote a lot of examples on how NFTs can be integrated with the real world.🤣
This is also a path for application-based projects to exit: sell to some infrastructure and become a showcase on top of it.
With real users and unique applications, they are becoming the hot topic in various ecosystems. The competition among ecosystems (public chains, launchpads, ...) has also intensified; those who have more and better developers will gain an edge.
I unexpectedly saw an interview with a former Binance executive in the must-read Lenny Newsletter for product managers.
Mayur Kamat is the ex-Binance SVP and product head, and what impressed him the most was that after joining in 2022, the leadership team held meetings every night at 11 PM, including weekends and holidays, and no decision would be delayed for more than 24 hours.
CZ has 55 direct reports, so anyone is at most one person away from CZ.
This flat structure forces all leaders to deeply understand the details while empowering every employee to 'own the whole cell.'
At that time, Binance had 2,000 people and was valued at a peak of $400 billion.
However, don't just casually imitate this; behind it is a fusion of high growth, high compensation, and mission-driven culture during that phase.
Just like many companies once tried to emulate Alibaba's culture or ByteDance's OKRs, only to find that the subjects they were trying to learn from don't really emphasize these things anymore.
In the end, I checked out 8g; this guy left in January 2024, just when CZ was going to the United States. He went to a digital bank in Europe as CPO, and I wonder if he regrets this choice.
A very inactive X account @5degreez, but @cz_binance has indeed followed.
The most significant is the release of the Solana Attestation Service (SAS) 🔐
Simply put, it allows you to prove everything on Solana, especially off-chain data
It also tells a big story: the trust layer of the internet capital market
Indeed, whether in finance or consumer applications, further expansion requires more data
Roam is one of the first projects to integrate SAS, which makes a lot of sense, as a foundational layer of the network, there is a lot of geographical and browsing data that can serve as on-chain proof, enriching user identities and profiles. On one hand, it helps users gain more cross-application benefits, and on the other hand, it enhances the overall richness of SAS data, providing Solana with more opportunities to expand into more off-chain populations and scenarios.
@weRoamxyz also launched Premium eSIM, which gives users an Austrian phone number (+43 prefix) upon activation, allowing for calling, texting, and internet access worldwide (with high-speed data available in over 160 destinations), with virtually no roaming fees, supporting both fiat and crypto payments, making it ideal for digital nomads. I’ve been looking forward to it and plan to get one when it officially launches.
(Note the emphasis! This eSIM is equivalent to using this foreign phone number's network roaming anytime, anywhere, with a built-in proxy.)
I'm quite familiar with Roam; I'm using it myself. There are 11 projects that are among the first to support the Solana Attestation Service, all worth checking out. I've put them in the first comment. After all, everyone understands Solana's style; they won't do things without preparation. Once they decide to promote something, they will invest a lot of resources.
The DeFi + AI track's Brahma has just restarted the Imprint NFT event, and everyone can go to free mint.
There is an opportunity to upgrade NFTs once a week; reaching level 4 guarantees a $BRAH airdrop, not less than 5% of the total supply.
Participating in daily DeFi activities can help you upgrade, and using Brahma Agents for automation can speed it up. I will try it out later.
Bind your Discord and Twitter, along with social credits.
I just minted one, following the official tutorial on the page, with no gas fees required.
NFTs have really become airdrop tools for various projects this round, and Brahma's design makes a lot of sense, unifying on-chain interactions with social media.
This project is also quite interesting, supported by well-known crypto angel investors @mrjasonchoi and @santiagoroel. It aims to achieve 2 layers of automation: 1️⃣ The Agent helps users make money, becoming an autonomous driving system for the on-chain economy. 2️⃣ The Agent helps users pay bills, connecting various expenditures.
The Agent makes money, and I get to spend it, how delightful! DeFAI + PayFi.
If you are interested in this field or are already trying out different DeFi + AI projects, you can give it a try. The direct link is in the first comment.
Huma Finance announces a 0.5% airdrop to Kaito, directly igniting the Chinese market, capturing 45% of the Mindshare in just one day.
More and more project teams are using Kaito; Kaito is the real money printing machine.
With such a profitable model, more projects will definitely come to compete.
The top data platform Crypto AI Agent, Cookie.fun, has joined the fray, with an interface almost identical to Kaito, and will soon launch the first season Campaign.
Leave a message if you need an invitation code.
I believe this is good for both project teams and creators; the more competition there is, the lower the costs for project teams and the more profits for creators.
The dashboard has shown me the mindshare from @BasisOS and @niyoko_agent, indicating that they are also starting cold launches from the Crypto AI Agent side.
Huma Finance announces an airdrop of 0.5% to Kaito, directly igniting the Chinese-speaking market, capturing 45% of Mindshare in just one day.
More and more project teams are using Kaito; Kaito is a true money-making machine.
With such a profitable model, there will definitely be projects coming in to compete.
The top data platform Crypto AI Agent, Cookie.fun, has also joined the fray, with an interface almost identical to Kaito, and the first season of the campaign will be launched soon.
Leave a message if you need an invitation code.
I think this is good for both project teams and creators; the more competition there is, the lower the costs for project teams, and the more profits for creators.
The Kaito leaderboard of Virtuals Protocol is out, and only one fan in the Top 7 has over 30k followers. The first place is @gkisokay, the author of the Virtuals Daily.
The first place in the Chinese community is @ZaggyGoKrazy, who is also the author of the Virtuals Chinese Daily. It seems the legendary Kaito algorithm is in effect; if you often discuss a project, that project's weight will increase.
I barely made it into the Top 50, and I need to work harder.
Congratulations to the other friends from the Chinese community who made the list; they should all be able to earn some Virtuals Points. @0xkookoo @sal_hotpot666 @hellosuoha @BroLeonAus @cutepandaweb3 @Tintinx2021 @felixincrypto @veratheape @Alvin0617 @Dincocoin @kaylyn_0x @amyincrypto @BTCdayu @zolo_hands @nihaovand @Leoninweb3
E48. The Battle of Stablecoins: How to Classify, Where Do Double-Digit Returns Come From, and How Retail Investors Can Participate
Stablecoins are undoubtedly the hottest sector this year, not only serving as a bridge between fiat and crypto but also evolving into financial products with annual double-digit returns.
It looks very tempting, but "if you don't know where the returns come from, then you are the return itself."
So we invited Nothing Research @0x_Todd to delve deeper into this topic 🧵👇
Recently, I've seen many friends on Twitter trying to withdraw cash using Backpack, the process is quite smooth, and it arrives at ZA Bank the next day. However, there is a $20 fee because ZA Bank does not have a USD account and requires a transit bank fee.
But I will still use ZA Bank, even though some friends have tried HSBC with zero fees.
Based on the experiences of several friends with frozen cards, $20 is a minor issue. Having a frozen card really causes a lot of delays. HSBC's risk control is strict and their efficiency is average. You either have to fly to Hong Kong to appeal, or write emails back and forth, which is super troublesome.
ZA Bank is an internet bank under HashKey, and the bank account of HashKey's own exchange is ZA Bank, so I understand that risk control and such will be better.
Of course, if you want to withdraw more than $100, you can get a professional version of HashKey for dedicated service.
For deposits, you can use HSBC, while Backpack uses the Royal Bank of Scotland for receiving funds, with the receiving address in Australia. Previously, I used HSBC to remit money to a friend in Australia, and it also arrived the next day.