1/ The US has lost its global lead in crypto & blockchain developers.
This is a policy disaster for the US.
Almost every other region understands the potential of these technologies and how to regulate reasonably.
We see this daily. Amazing founders are leaving the US 👇
Institutions are familiar with BTC so it becomes the default play for crypto more broadly. Beginning to change over time as they understand Ethereum / EVM value prop but expect BTC to lead rallies at least in short term as they allocate capital to the space
Imagine rooting for the bank that banks 40%+ of all US tech startups, run by our country’s brightest entrepreneurs, to go under because you’re so lost in the political sauce. Seeing the mainstream media/Wall St./DC reaction to SVB’s collapse tells me today is a dark day indeed.
Lol this makes 0 sense. People could just swap USDC -> USDT and CEXs / others with access to redemptions would reduce USDC supply and mint USDT. Maybe a delay in an upgrade but absolutely not in Circle’s best interests
Did you know that @circle (USDC issuer) could just say "no" to Ethereum's Shanghai hard fork and that would mean that you wouldn't be able to unstake your ETH until its terms are met?
Did you know that this could have already happened behind the scenes and you'd never know it?
The 42-tweet thread on the newly dropped @eigencloud whitepaper you didn’t know you needed (tho I highly recommend you read the whitepaper anyway, it’s very good)
Congrats to @sreeramkannan & team!
Let’s go:
We’re making some big changes today:
1) OpenSea fee → 0% for a limited time
2) Moving to optional creator earnings (0.5% min) for all collections without on-chain enforcement (old & new)
3) Marketplaces with the same policies will not be blocked by the operator filter