MinorityDAO 💙

On-chain, crypto fund + lab #ByTheCulture | Building: @basedZK

[Brian Armstrong @brian_armstrong]

A few thoughts on our Q4 Earnings yesterday:

2023 was a great year for Coinbase and we’re in a strong financial position. We cut costs by 45% y/y and shipped products faster with a leaner team driving $95 million of positive net income for 2023, $964 million in positive Adj. EBITDA, and total revenue of $3.1B.

We launched the Coinbase International Exchange, derivatives products, the Layer 2 Base which is helping blockchains scale, and played a key role in the Bitcoin ETF approvals as the custodian for 8 of 11 ETF issuers.

Tradfi is adopting crypto and this is great for Coinbase. Bitcoin ETFs are now the second largest commodity ETFs in the U.S. (behind gold), and we custody around 90% of the ~$37B in Bitcoin ETF assets. We've seen net inflows across our retail & institutional products since the ETFs launched (i.e. no cannibalization).

In 2024 we'll focus on growing trading fee revenue with international expansion and derivatives. We'll also focus on driving utility in crypto with payments (for instance, you can now send USDC instantly for free on Base) and by developing Coinbase Wallet into an onchain superapp. Finally, we'll keep driving regulatory clarity for crypto via the courts, https://t.co/7Pqa8n17D9, SuperPac contributions, and encouraging legislation in DC.

We're in a strong financial position, our long term focus on compliance has proved to be right vs competition, and we're well positioned to help accelerate crypto adoption, updating the global financial system.

You can mint the $COIN earnings NFT in this post here: https://t.co/iRLVnTRXdX

[ZachXBT @zachxbt]

Happy I can now publicly share that I helped recover some of the crypto assets stolen from the FriendTech related SIM swaps we saw late last year.

[Artchick 🔥👠 @digitalartchick]

Hey @VitalikButerin I woke up to you calling one of my favorite coins a scam

Regardless of your thoughts on memecoins, and without getting into a philosophical debate, you simply got this one wrong

This is one of the most vibrant communities in crypto, and they have built several wells in Nigeria, not as a marketing gimmick, but as pure charity, this wasn't even the team it's the community organizing these efforts. They have also provided uniforms and equipment to children's soccer teams in Nigeria

There is a video of villagers getting scammed into getting drinking water from one of the wells for the first time, I can't find it but someone will likely post it in the comments, it's beautiful and so is the coin

[Cirrus @CirrusNFT]

Gmoney just took out a $1,000,000 half-year loan on his punk

Maybe time to start paying attention to NFT finance if you haven't already been

[Moose @JoeyMoose]

The day is December 27th, 2023.

Moose offers @kevinrose $6,000,000 to acquire MoonBirds.

It’s his last offer.

Still no response.

🤷‍♂️

[Moose @JoeyMoose]

Hey @kevinrose, Moose here.

My last and final offer.

200 ETH (4.5 million dollars) for MoonBirds.

This is really my last and final offer.

You have 12 hours 🕑

[nic carter @nic_carter]

my bank "lost" a wire today

how do you "lose" a wire? where did it go?

i'm starting to think we might want a better system...?

[JayJay @_JayJay88]

@NFTEINSTEIN @pudgypenguins @LucaNetz @kevinrose How does one fuck up a project so hard sitting on 100m fund

[LayerZero @LayerZero_Core]

Need a ride? We’ve got you covered.

A fleet of LayerZero vehicles have been dispatched to the streets of Singapore to transport attendees securely to any Token 2049 related events. Hop in one of these electric vehicles for gasless delivery to your next destination.

Make sure your conference pass or wristband are visible when hailing them down for a free ride.

P.S. Ask your driver if they have any LayerZero swag.

[SKALE @SkaleNetwork]

Heading to @token2049 in Singapore? 🇸🇬

Catch SKALE Co-Founder @jackoholleran's keynote on September 13th at 11:15 AM (GMT) about "The Path to 100m Users: Paving the Way with UX, Economics, and Shared Security." 🎙️

Learn more about the event: https://t.co/lRXsscRUkC

[LayerZero @LayerZero_Core]

LayerZero is now live on Zora Network mainnet!

[Andrew Gazdecki @agazdecki]

Don’t fall in love with your startup idea.

Slack started as a video game.

YouTube started as a dating site.

Loom started as a whiteboard app.

Listen to your customers and keep an eye out for interesting use cases.

Might help you find product market fit.

[Udi Wertheimer @udiWertheimer]

feeling a little emotional tonight 🥲

today we took the first step to bring real zk rollups to bitcoin

hodl 🥺

[ZachXBT @zachxbt]

1/2 Today @machibigbrother has agreed to voluntarily withdraw the lawsuit. I have updated my article with additional context from Machi + edits from myself

While I am disappointed it went down the legal route in the first place I am appreciative we are able to find a resolution

[Tom Emmer @GOPMajorityWhip]

The Blockchain Regulatory Certainty Act has garnered support from every sector of the digital asset ecosystem.

Here's what they're saying about mine and @RepDarrenSoto's nonpartisan bill:

[Watcher.Guru @WatcherGuru]

BREAKING: Coinbase to relist Ripple $XRP.

[ZachXBT @zachxbt]

@0xQuit Gotta feel bad for legit projects that struggle to receive funding.