1/ Today, weβre thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey. The Ondo Ecosystem already includes notable industry leaders such as BlackRock, PayPal and Morgan Stanley.
US lawmakers are debating new #crypto rules. π€ How could this impact #DeFi? Will new rules help or hurt the ability of individuals to control their own finances? It's a complex issue with no easy answers! #cryptoregulation#Blockchain
DEXs just hit a milestone, surpassing 20% of total spot trading volume! π Uniswap, PancakeSwap, and Raydium on Solana leading the charge. This shift highlights the growing power of #DeFi, signalling a move towards a more decentralized financial future. #CryptoNews#DEX
A few more points about Bhutan GMC making a crypto Strategic Reserve.
1. It's not just a bitcoin reserve but a crypto one, including ETH and BNB. I believe this is a first, and it sure won't be the last. This signals that Bhutan is open-minded and open to other cryptocurrencies, too. Hint, hint. This is a smart move by the country to attract crypto companies, investments, and innovation.
By the way, the Kingdom of Bhutan has been known for years for mining Bitcoins with clean (excess hydro) energy. By default, it already has a Bitcoin reserve.
2 For BNB, it's validation. This thread π talks about that. I won't get into too much of that.
This also opens the door for BNB (and other crypto) to be included in other countries' National Strategic Reserves.
Forward.
NEW: Gelephu Mindfulness City in π§πΉ Bhutan is planning to invest in Bitcoin, making it one of the first special economic zones to officially adopt cryptocurrency π
DeFi is evolving rapidly with trends like AI integration for smarter trading and risk management, and the merging of traditional finance with blockchain. Interoperability and stablecoin adoption are also on the rise. Exciting times ahead! #DeFi#CryptoTrends
Politicians often seem disconnected from reality. Attempting to tax unrealized capital gains on assets like Bitcoin has historically failed. Such policies will inevitably drive capital away, leaving these countries with nothing but dust.
Fascinating to see where this trend heads:
"Today, more than 99% of stablecoins are denominated in USD, which dwarfs the next largest denomination: 0.20% in Euro.
How will this shift as #DeFi and #Web3 evolveβand with #MiCA regulations on the horizon?
https://t.co/nBKXtDbMuX
The financial industry is transforming with the rise of #DeFi and #Web3, disrupting traditional finance and creating a more inclusive, transparent, and efficient ecosystem.
#Revolution is coming! System loading... Stay tuned!
#Web3#Fintech#Blockchain#FutureOfFinance