Author: Admin-aX9d7
This is a segment from The Drop newsletter. To read full editions, subscribe. RTFKT, Nike’s abandoned digital brand pronounced “artifact,” lost its CloneX art overnight. The art for all 19,500 Ethereum NFTs in the collection was replaced with a black background with white text that reads: “This content has been restricted. Using Cloudflare’s basic service in this manner is a violation of the Terms of Service. Please visit cfl.re/tos for more.” That URL redirects to a Cloudflare terms page that states that a more basic Cloudflare plan does not allow clients to stream videos. “We limited your ability to use…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s clear at this point that one of the Trump administration’s primary goals is to lower trade deficits with other countries, specifically goods trade deficits. Source: Fred It’s important to make that distinction because, in fact, the US runs a services surplus! The US mechanically imports “stuff” from other countries that manufacture it both better and cheaper. And as the reserve currency of the world, US dollars flow into those other countries to fund those purchases. Those foreign dollars then get reinvested and held in US-denominated…
Over $4 trillion worth of real estate could be tokenized on blockchain networks during the next decade, potentially offering investors greater access to property ownership opportunities, according to a new report.The Deloitte Center for Financial Services predicts that over $4 trillion worth of real estate may be tokenized by 2035, up from less than $300 billion in 2024. The report, published April 24, estimates a compound annual growth rate (CAGR) of more than 27%.The $4 trillion of tokenized property is predicted to stem from the benefits of blockchain-based assets, as well as a structural shift across real estate and property…
DeFi’s largest protocol, the Aave decentralized autonomous organization (DAO), has officially approved a $1 million token buyback initiative that will start on April 9.The proposal secured 439,000 votes in favor, well above the required 320,000 quorum, while only 2,020 votes opposed it.This move is part of a broader plan to strengthen Aave’s tokenomics and align long-term protocol incentives.Meanwhile, the development coincides with a sharp price decline in AAVE’s market value. According to CryptoSlate’s data, the token has dropped nearly 21% in the past 24 hours, trading at approximately $120 as of press time.Considering this, Marc Zeller, founder of the Aave…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Coinbase was pretty frank in its blog post earlier today. “Our relationship with PayPal will take the payments revolution forward,” it stated. You might recall that PayPal launched its PYUSD stablecoin in August 2023. This morning, Coinbase said it would waive fees on USD-PYUSD conversions and expand support for stablecoins to PayPal’s largest merchant partners. It’s part of the crypto exchange’s wider goal of “promoting broader adoption of faster and more efficient financial services.” This isn’t Coinbase’s first partnership with a stablecoin issuer. It acquired an…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. While stablecoin legislation has dominated recent headlines, House Representatives are in the final stages of drafting a crypto market structure bill, according to people familiar with the matter. I’m told that the discussion draft is expected to be released by the end of the month. The timeline aligns with President Trump’s goal of having both stablecoin and market structure bills passed by the end of this summer. Representatives will likely pull from the Financial Innovation and Technology for the 21st Century Act (FIT21), which the House…
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…
This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe. “Capital runs as surely and instantly where it is most wanted, and where there is most to be made of it, as water runs to find its level.”— Walter Bagehot (1873) Q: What’s it cost to have dinner with the president? The official website promoting a “Dinner with President TRUMP” pitches the opportunity as “The most EXCLUSIVE INVITATION in the World.” (Reader beware, the site has more capitalization than a German dictionary.) Specifically, the dinner is “Only for the TOP 220 $TRUMP Coin Holders,” which does indeed…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The Solana Foundation is tightening its leash on the validators receiving its stake. The Solana Foundation now says that for every new validator added to the Solana Foundation Delegation Program, it will remove three long-standing ones with under 1,000 SOL in external stake. The goal: have fewer validators relying on foundation stake and more earning authentic backing from the community. Blockworks Research data lead Dan Smith estimated that at current staking levels, around 150 Solana validators would lose their foundation stake under the new rule. The Solana…
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have started a new chapter with the comeback of their co-founder Greg Solano, also known in the digital arts and NFT community as Garga, to the CEO position. This leadership shift portrays a strategic shift for the company, aimed at injecting new energy and directions in the changing landscape of non-fungible tokens (NFTs) and digital collectibles. Strategic Leadership Transition Solano is replacing Daniel Alegre, an ex-executive of Activision, who served as the CEO of Yuga Labs for about ten months. Alegre has led Yuga Labs through the expansion and…