0xCooler

非KOL，也没有任何投资建议

[0xCooler @CoolerXBT]

@BigDougao hr门外汉想搞业务的终局

[0xCooler @CoolerXBT]

@feixiaohaocom @Bybit_ZH @helen_abfinance @abf_finance HR高管的终局，别扯币圈

[0xCooler @CoolerXBT]

@abf_finance 笑死，HR高管的终局

[0xCooler @CoolerXBT]

@Imlaomao 新加坡没有鹅，只有鸭，甘牌在香港用鹅，到新加坡只能用鸭😅 鸡的话新加坡的一些鸡饭做出来的也很嫩

[0xCooler @CoolerXBT]

@xixikawaii @heyibinance @heyibinance 圈外发酵了很难管啊

[0xCooler @CoolerXBT]

@Jack24klove “很好很温柔”？笑了...

[0xCooler @CoolerXBT]

双胞胎哥哥去银行把弟弟的账户取空了，责任在谁？

[Crypto_Painter @CryptoPainter]

看了 @jheioff 的灵魂提问，这事情看起来真没有大部分人想象的那么复杂…

说白了就是用户的身份账号信息先被盗了，黑客拿着这些信息，PS+AI 生成了一份用于 Gate 提币时用到的假图片及视频验证文件。

然后拿着这些一眼假的文件，成功的从 Gate 取走了钱…

如果事情就是这么简单，你觉得责任在谁？

[0xCooler @CoolerXBT]

@Lesley_912 孔有没有睡过J，这么帮她说话

[雕刻 @diaoke]

这个世界的几乎所有资产，本质都是庞。

不要给自己洗脑什么叙事，人类文明也好，shit meme也罢，所有资产永远都是“先信吃肉，后信喝汤，真信买单”。

无论叙事再牛逼，只要没有后续资金接盘了，就只有断头铡一条路。就像这次存储，你别管叙事是什么，你只要看到你家楼下大爷、商k小姐、全职宝妈都把钱丢进去了，就知道无论如何都要跑路，市场里已经没有后续资金接盘了。

决定资产价格的永远不是已经在车上���人，而是没有在车上的、持有流动性的人。

[0xCooler @CoolerXBT]

kimi估值 400 亿，deepseek估值 500 亿的话，凭什么OA能估值上万亿🤡 给大空头们的盛宴吗

[0xCooler @CoolerXBT]

@ShanghaoJin @xtony1314 开实盘，别装逼

[0xCooler @CoolerXBT]

@xtony1314 这是新加坡catwalk妈妈桑发���朋友圈😅 前几天发的

[0xCooler @CoolerXBT]

@ChatCPU @CryptoApprenti1 新加坡

[0xCooler @CoolerXBT]

友情提示：建议拉黑所有参加火锅局且发帖出来秀的人，这些人要么没脑子，要么是新人，都是以后被嗯哼诈骗的潜在对象

[0xCooler @CoolerXBT]

@heyibinance 还记得Trust Wallet以前极度躺平，压根找不到人，被KOL在X上吐槽，cz和一姐施压，TW的BD才赶紧回应😅

[Lorenzo Valente @LorenzoARK]

Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale.

A few thoughts on OpenUSD:

1. Liquidity and the cold-start problem. USDC and USDT have massive network effects across exchanges, payment processors, and brokers. This is always repeated but it's true, there are no BTC/sofiUSD pairs to trade on any of these exchanges or markets. These are not stableocin market makers and participants are willing to hold in size, as you can’t really use them anywhere.
The fair counter is that crypto markets will be far smaller than remittances or equities/bonds. Probably true, I suspect in the medium term, but those markets are still converging on the same stablecoins. Hyperliquid just struck a massive deal with USDC/Coinbase. Every tokenization initiative so far is built around the incumbents too.

2. A consortium of 500 rivals has no precedent for working. The pace of decision-making across 500 competitors is going to be glacial. Not everyone gets a board seat at Open Standard I imagine, so what happens when decisions cut against some of the players? Circle and Tether ship whatever they want, whenever they want, with zero commitment to anyone.

3. Regulatory and antitrust risk at scale. Circle and Tether are willing to absorb enormous pressure, they have being doing so for years. They hold hundreds of licenses they can use to arbitrage markets, Yes GENIUS act gave a lot of breathing room and clarity, but oversees, this is not the same story. The moment this gets hard under regulatory pressure, I think a lot of these partners just walk away. And a bloc of the largest banks and card networks jointly issuing money is an obvious antitrust target.

4. The "socialist" economics starve the issuer. Passing reserve revenue back to partners sounds great in practice, but what does Open Standard actually operate on? Little to no retained capital. People forget Circle doesn't just have marketplace/exchange partnerships; it funds a whole web of rebates across on/off ramps, stablecoin settlement, OTC desks, and more, with each deal being somewhat bespoke depending not he partner. Who funds that at Open Standard? Who decides which deals, on what terms, especially when the counterparty is a rival of an existing member?
Circle GAAP Opex for 2025 were 900M USD, if you strip out one time cost and IPO related cost, its adjusted OPEX is closer to 500M annually. Let’s say open Standard gets 25 bips, which is what other consortium did, At 10B of supply, open standard is making 25M a year… You don’t fund much with that…. You need to become huge very quickly.

5. The announcement is basically a giant LOI. Read the quotes: BlackRock calls it "a constructive step," BNY "looks forward to exploring ways to support," others say it's "interesting." Meanwhile the partners are backing rivals: Stripe owns Bridge and has its own stack, Coinbase is wedded to USDC, banks are building their own deposit tokens, and the card networks support every token out there. They'll hedge across all of them. Distribution only matters if it's exclusive — and it clearly won't be.

6. The "mint/redeem fees are a problem" claim is wrong. In practice every large institution minting and redeeming through Circle and Tether already gets big rebates. The real cost of moving money is FX, not mint/redeem and there's no moat there, because anyone can just match free mint/redeem.
All in all: one to monitor, but I'm deeply skeptical that an organization that looks like a DAO of 500 companies can move fast enough to matter long term. Who decides go-to-market? Capital allocation? Anything?

Ultimately this reminds me of the DAO experiment. The pitch was identical: no single owner, "neutral" governance, aligned incentives, decisions made collectively for the good of the network. In practice DAOs almost universally failed at the thing that actually matters: shipping. Governance turned into endless forum debates and token-weighted voting where nothing decisive got done, capital sat idle because no one could agree how to deploy it, and the projects that won were the ones with a clear owner willing to move fast and take risk. "Owned by everyone" almost always means accountable to no one. Open Standard is a DAO of competitors that are not really committed to anything, and I'd bet on the two operators who can ship unilaterally over a committee that has to ask 500 rivals for permission.

[0xCooler @CoolerXBT]

@lanhubiji 小蓝，你告诉兄弟，到底被e子套了多少🥲

[0xCooler @CoolerXBT]

@PhyrexNi 台费1000，快餐3000，包夜5000。很多兼职大学生，妈咪也会发消息推荐大学生😅

[0xCooler @CoolerXBT]

@star_okx 火力十足了😂