oldboy

当我们谈论 Crypto 的时候，我们究竟在谈论什么 ？

[oldboy @oldboy_hl]

@Defi_Warhol TRON is the largest neobank, and USDT（TRC-20 ）is the best form of electronic cash 😂

[oldboy @oldboy_hl]

https://t.co/wcJUwulhQp

[oldboy @oldboy_hl]

@0xJoveXu Bitget Wallet 又不是只在 cn 发卡吧，拉美、南亚的老哥们邀请人头不是更猛么

[oldboy @oldboy_hl]

I believe 98% of crypto neobanks won’t survive. Building one has become surprisingly easy with infrastructure providers like Privy and Rain. But building a product is very different from building a business.

How do you acquire users at scale? Through cashback and subsidies? If so, what’s your long-term economic model? How do you generate enough revenue to sustain a team and keep growing?

The most successful outcome for many will likely be either raising enough capital to keep compounding—like Kast—or finding a strategic acquisition, as Cypher did. For most others, surviving independently will be extremely difficult.

[oldboy @oldboy_hl]

被收购是这些 Crypto Neobank 最好的命运。

[Cypher💳 @Cypher_HQ_]

Today marks one of the biggest milestones in Cypher's journey.

Cypher is being acquired by @NiumGlobal, the global leader in real-time cross-border payments infrastructure.

Over the past four years, we've built products that brought stablecoins, self-custody, and global payments together. Today, that journey continues on a much larger scale.

We're incredibly grateful to our users for believing in us.💛

[oldboy @oldboy_hl]

@Defi_Warhol @lava_xyz @Krak @coca_card @usemotocard @KoloHub @gnosispay @ether_fi @useTria @wirex @xplaceapp @Plasma @hyperbeat @MetaMask @itstuyo @KASTxyz @solflare @Karta_Personal @RedotPay @holyheld For digital nomads, Bitget Wallet feels like one of the few crypto products that actually works across real-world payment habits.
Card payments in card-heavy markets, QR payments in SEA and LATAM, bank transfers in places like Nigeria.
That local adaptability is the real edge.

[oldboy @oldboy_hl]

稳定币正在从少数发行方手里的“铸币权”，变成开放生态可以共同调用的金融��础设施。

过去，稳定币的核心权力集中在少数发行方手里：牌照、储备、赎回、流动性、分销和收益都由它们掌控。钱包、交易所、支付应用和公链生态贡献了用户、场景和流通量，却大多只能扮演分销商，很难分��底层收益。

OpenUSD 这类模式真正挑战的不是某一家公司的市场份额，而是这种单向度的价值分配逻辑：谁贡献了流通，谁就应该参与收益；谁拥有用户和场景，谁就不该永远只做别人的渠道。

所以，重点不是谁能打败 Circle，而是稳定币不该只是少数巨头收租的生意。它应该成为一个开放的美元网络，让更多生态共同参与、共同分配、共同增长。

[oldboy @oldboy_hl]

开放网络、可组合性、全球流动性

[oldboy @oldboy_hl]

@fishkiller 看到 OUSD 时下意识就想到是 Stripe 组局推动，毕竟人家的稳定币发行就叫 Open Issuance。不过第一批进联盟的合��项目，很多是 Visa 来沟通谈的。

[oldboy @oldboy_hl]

有点意思

[SurfCash | getsurf.cash @surfcashx]

Your Solana wallet history is your credit score now.

You can borrow USDC and spend it at a local merchant in seconds.

Nothing gets locked as collateral, and you do not need a bank account.
We just shipped crypto-native loans, and they are live today.

[oldboy @oldboy_hl]

我觉老徐应该换换风格，走抽象路线，这样才能在之后与一姐的对线里占据优势。

[Star_OKX @star_okx]

Uh oh… I may have a problem. 😅

My name is literally Star Xu.

Please don’t blame me—my father chose the name. 🤣

[oldboy @oldboy_hl]

昨天 Airwallex 刚刚宣布获得 3.2 亿美元 H 轮融资，估值达 110 亿美元。

[Jack Zhang @awxjack]

Excited to work with @bzlwang (a fellow Aussie!) and @cclayporter as a design partner to @metalntwx, a Layer-1 blockchain designed for compliant global settlement at scale.

Filling an important gap in infrastructure purpose built for licensed financial institutions to move and settle stablecoins securely, efficiently, and within regulated global frameworks. Follow this team 👇

[oldboy @oldboy_hl]

哦？

[Tushar Jain @tushar_jain]

1/ Multicoin published a full analysis & valuation of Hyperliquid (HYPE).

HYPE is now one of the largest positions in our liquid hedge fund. We've been accumulating aggressively since February.

Here's why we believe HYPE will be one of the best performers over the next cycle:

[oldboy @oldboy_hl]

Spark FX Layer 目前看到的落地形态，本质上是一个以 USDS 为核心的稳定币兑换流动性池。

当下阶段，它主要是把 1.5 亿美元稳定币流动性部署到 Uniswap v4，��来支持 USDS / USDT / PYUSD 稳定币之间的低滑点兑换。因此，现阶段更像是一个稳定币兑换池，解决的是不同美元稳定币之间的流动性和兑换效率问题。

从长期来看，Spark 想把它拓展成一个更完整的稳定币 FX 基础设施。不只是提供单一池子的流动性，而是成为稳定币发行方、DeFi 协议、钱包和支付产品都可以接入的共享流动性层。

未来它可能承担三类能力：

1. 稳定币之间的低成本兑换。支持 USDS、USDT、PYUSD 以及更多稳定币之间的低成本 swap。
2.共享流动性网络。让不同稳定币发行方不用各自搭建流动性，而是接入同一个稳定币兑换层。
3.可编程的资金调度与风控。通过 Spark Liquidity Layer 和 Uniswap v4 hooks，动态管理流动性、控制风险、优化资金利用效率。

[Spark @sparkdotfi]

Introducing the Stablecoin FX Layer.

Every bank, fintech and payment provider is launching stablecoins. But every new stablecoin fragments liquidity.

Today, Spark introduces the Stablecoin FX Layer, built on @Uniswap v4, a shared liquidity infrastructure that allows stablecoins to access shared liquidity instead of building isolated pools.

The initial deployment brings approximately $150M of liquidity to Uniswap v4 across the first USDS/PYUSD and USDS/USDT pools.

This is just the beginning.

Learn more:
https://t.co/S5xVANjUt4

[oldboy @oldboy_hl]

fomo 是一个非常务实、有耐心的团队，恭喜🎉

[fomo @fomo]

We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!

[oldboy @oldboy_hl]

过去大家对 Crypto / Web3 投射了太多过于宏大的期待，认为它会重构社交、内容、游戏、组织、身份，甚至整个互联网。但现在看来，很多方向确实没有跑出来，或者暂时没有证明自己。

但这不代表 Crypto 没有价值，而是它真正的核心价值正在被市场慢慢筛选出来。

也许最后留下来的场景没有我们曾经想象得那么多，可能主要集中在链上交易、资产发行、稳定币、跨境支付这些更金融、更全球化、更高摩擦的场景里。

这其实并不悲观。相反，能够找到少数真正成立、真正有不可替代性的场景，本身就是一个新技术走向成熟的过程。

Crypto 不一定会重构一切，但只要它能重构价值流通、全球交易和开放金融网络，就已经足够重要。

[oldboy @oldboy_hl]

对于 Hyperliquid 而言，真正的“生态” 可能不是原生的新项目，而是所有接入 Hyperliquid 的钱包、���易平台，这些都是“生态”的一部分。

[Foresight News @Foresight_News]

https://t.co/Rf12EvVKOa

[oldboy @oldboy_hl]

@michaelbeer01 New Curve ？

[oldboy @oldboy_hl]

@martinuiopaz Your product has a vibe that reminds me of @Uglycash