We are excited to announce that Intercontinental Exchange (ICE) โ the parent company of @NYSE, is making a $2b strategic investment at a $9b post-money valuation.
Together, weโre building the next evolution of markets.
A special thank you to all those who have supported us till now.
This is just the beginning ๐ฆ ๐ฎ
Teams mentioned they were using multiple IDEs, Cline in VS Code and JetBrains as their main IDE, just to access Cline.
For the sake of their developers' sanity, we're glad to bring them back to a single IDE. ๐ค
Organization can be easily disrupted by a group of people who cannot share their mission and goal with the rest of the people in the organization but are given unreasonably huge permission.
Just wrapped my first conference in Tokyo ๐ฏ๐ต @WebX_Asia. A few takeaways:
* Japan is a sleeping giant in crypto. GDP close to Germany/India, population more than 2x larger than Korea, but relatively low retail trading volume today, and few world-stage crypto companies. Only ~5% of Japanese retail trades crypto vs ~25% in Korea. Why?
* The main culprit is taxes. Crypto gains are taxed as income (55%) vs cap gains (20%). Crazily enough, until recently, they taxed unrealized gains (!!), making domestic TGEs impossible, as you'd owe a boatload of taxes immediately. This was recently repealed, but still need to fix the punitive tax rate.
* This tax arbitrage is a big part of why MetaPlanet trades at a premium to NAVโbuying a corporate shell of BTC is tax-advantaged vs trading BTC directly.
* The Japanese Prime Minister and Finance Minister both spoke at WebX about crypto. (Bitcoin Las Vegas 2024 vibes?) Clear political vibe shift, probably following the US's lead. They promised to fix crypto tax treatment soon, but probably takes over a year?
* Corporates drive a lot of the energy here, which is pretty unique. Most countries, grassroots retail leads and corporates follow late. But in Japan, you see SBI (major Ripple stake), Sony, Sega, Nomura, all moving fast and making big moves.
* Lots of focus on NFTs/IP tokenizationโJapan knows IP is one of its biggest global exports and are always looking for new ways to monetize it.
* Like everyone else, they also see the finance angle. Recently approved a yen stablecoin ($JYPC), but not much distribution yet.
* Retail loves XRP and ADA here. Theyโre cult assets, with their own communities separate from the rest of the scene.
* Once Japan fixes its tax laws, I expect crypto adoption to accelerate here. For founders looking to expand to the Japanese market, localization + ground game + strong local partners are critical. Can't treat Japan as an afterthought, culture is very different.
Edifying trip! Domo arigato Japan ๐
Suzuka x Dutchtide The tides I dreamed of have finally met the shores I walked toward. Since the beginning I've tried to bridge Japan and the Netherlands through my work. Today that dream became real
If AGI takes another five years, I think we are going to see a bunch of Slack style pivots, where teams build an internal tool and itโs so good at that task that they just start selling that instead of whatever dumb thing they were doing before.
This is actually pretty great, my one gripe is let me get it as stables or even better as DOGE. I prefer distributing this kind of thing tho, so will send it to one random person who retweets this.
Dear @ethereum foundation, please help @vyperlang, the language created by @VitalikButerin, with funding. Safety is what makes Ethereum the leader of blockchain space, so please help to keep it that way โฅ๏ธ
Help us show streaming platforms like Netflix that there's an audience for movies that aren't just about bad actors/scammers in crypto
Watch @EthereumFilm and spread the word if you enjoyed it! Goal is a global streaming release in early 2025 https://t.co/UTVCIVzX3u
What I realised is that @midnightbreezey is basically one massive lo-fi aesthetic.
And I love it. It is something I want to explore more. Till then let me show you what I mean with a small shot from the trailer
And RT plez ๐ซ๐
Last week, CT learned all about the "yen carry trade". This week, Kwenta lets you trade the yen!
$JPY is now live on @arbitrum, powered by @perenniallabs
Ready to trade $JPY? Start here:
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Or see our blog for more resources: ๐
https://t.co/UGt6TZ5zCr
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