I really appreciate both @sandeepnailwal's personal contributions and @0xPolygon's immensely valuable role in the ethereum ecosystem.
To recap:
* Polygon hosts @Polymarket, which is probably the single most successful example of a "not just boring finance" app that has actually been successful and provided value.
* Polygon has also hosted plenty of other applications that have needed high levels of scalability.
* Polygon put a lot of resources into ZK-EVM proving early on, both by bringing in Jordi Baylina's team and through other efforts, and greatly helped in moving the space forward.
* Polygon has built infrastructure for proof aggregation (AggLayer) and many other things
And also:
* Sandeep put a lot of his personal effort into @CryptoRelief_, which has made large contributions to biomedical infrastructure and research inside India.
* He voluntarily returned $190M of proceeds from the SHIB tokens that I donated to me, which has made the whole Balvi open source anti-airborne-disease biotech program possible, and possibly accelerated our understanding of important anti-pandemic topics like clean indoor air by years. @cz_binance also recently donated $10M in BNB to me to help continue the program, and I've recently added ~$20M of my own funds (no, not from selling ETH 😛)
Big appreciation to both for this. Most whales passively think that things like this are cool, but are not willing to get off their butts and personally contribute, unless it's in the form of a company that keeps everything proprietary to become yet another vehicle for personal profit. @sandeepnailwal (and CZ) are special here.
On the ZK issue (after all, you do need a proof system to get the full security guarantees that L2s are meant to provide), I can see Polygon's difficult bind: they supported Jordi's team putting their heart and souls into the tech at a time when that tech was still too early for production, and so they contributed to the early and most difficult part of the learning curve, but at that part of the learning curve it was difficult for them themselves to directly benefit from the fruits of their labor.
Since then, the market structure has split into L2 teams and ZK teams (eg. @SuccinctLabs, @RiscZero, more recently @brevis_zk, many others) being separate entities, which I think makes more sense than the previous approach of every L2 doing (OP or ZK) proof systems in-house: it's very difficult to be both the best L2 and the best ZK team, the two are very different skill sets.
Personally, I hope that at some point soon @0xPolygon can just pick up off the shelf ZK tech that has now gotten quite good and apply it to the PoS chain to get full stage 1 and later stage 2 guarantees from the ethereum L1. Many don't realize just how much ZK tech has improved; proving costs are around $0.0001/tx, and many L2s I talk to are very surprised when I tell them the recent numbers, they're still stuck in the mindset that ZK is maybe ok for ethereum L1-scale chains but unviable for anything hyperscale. The latest ZK-EVMs, and live projects like @Lighter_xyz, show that this is false.
Thank you @SenatorTimScott and the entire Senate Banking Committee for hosting its first hearing on comprehensive crypto market structure legislation today. In a refreshing change from the rhetoric of the Gensler years, every Senator affirmed that crypto technology is here to stay and deserves rules of the road.
The legislative process is rarely simple, but we’re past the starting line, and that in and of itself is a MAJOR step that gives me hope that the US can make up for lost ground.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
Big news.
Polygon Labs is joining forces with India's largest telecom company for its web3 debut.
@reliancejio will onboard 450+ million users by adding blockchain capabilities via Polygon PoS to select apps and services.
Today, here in the US, we welcomed the 119th Congress—better known as the most pro-crypto Congress in history.
The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work.
Recap of the Last 6 Months and Intro to MANEKI
Before we embark on to our new adventures... let’s take a moment to recap the incredible achievements of the last 6 months:
- Became principal partners and official shirt sponsors of @SheffieldUnited for the 24/25 season.
- Secured a regional partnership with @SSCNapoli, showcasing the brand to millions of football fans.
- Partnered with the leading market maker, sharing a long-term vision for growth and success.
- Signed UFC champion @MerabDvalishvil following his championship win, strengthening MANEKI’s connection to top athletes.
- Launched MANEKI Debit Cards with @Mastercard and @ZebecCards, pushing mainstream utility.
- Listed on Bitfinex spot and Bybit perpetuals, alongside KuCoin, https://t.co/iJqWoJ6bnY, https://t.co/2rhOUeXsMc, HTX, MEXC, and over 50 exchanges.
- Secured trademarks in 60+ countries, protecting the MANEKI brand for long-term success.
- Became the first memecoin to be interviewed live at the NYSE headquarters and featured on the Nasdaq billboard in NYC.
- Delivered daily anime, manga, and cultural content, keeping the community engaged and growing.
Key Numbers
- $74,700 unique on-chain holders
- $22.4M in locked liquidity (forever)
- $107M market cap
In just 6 months, MANEKI spent $8M on groundbreaking deals, ran global campaigns in 100+ countries, and built a foundation for lasting success.
What’s Next?
With $5M allocated for Q4, our focus is on:
- T1 Listings...
- Expanding into new industries with innovative partnerships (blink blink)...
- New market-makers (W...) in action...
- Surprising the community with game-changing developments that set new standards for memecoins...
𝗧𝗵𝗲 𝗴𝗼𝗮𝗹?
To turn $MANEKI into a global household name, recognized by everyone, everywhere. We’re building the biggest and most passionate community in crypto, a movement that stands out and can’t be ignored. We’re not just aiming for awareness—we’re aiming for legacy.
Beyond the numbers… this journey is about the memories we create together, the milestones we celebrate, and the vision we bring to life... 🍂
The next chapter of $MANEKI is just beginning. Let’s keep building... 🌏
#Phairdrop S1 final allocations and S2 details are now updated on https://t.co/C2Wkk6cyx3. 👀 Claiming instructions coming soon. 🦄
Supegraph, Cyber & other bonuses included and list of eligibles will be announced soon.
Season 2 is now live with 200M $SOCIAL 30 days after TGE! (4/6)
Today, We stand with Pavel Durov - Creator of Telegram.
In support of the #DigitalResistance, we are updating Toncoin’s logo and profile pictures across TON Community channels to the global symbol of Digital Resistance — the Resistance Dog. Pavel Durov started this movement during his fight to maintain the privacy of Telegram users and protect freedom of speech.
Join the #DigitalResistance, #FREEDUROV. Activate the Resistance Pack:
1️⃣Share this post using #FREEDUROV Hashtag
2️⃣Put 🆓emoji in username
3️⃣Change avatar to Resistance Dog (our profile photo)
$PARAM is coming soon, primed to empower the next generation of gaming experiences!🎮
Start earning points now by completing tasks at: https://t.co/DcwoDhQsEb
Points earned will unlock a $PARAM airdrop, and other benefits for supporting the @ParamLaboratory ecosystem!🔥🚀
The challenge we're facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries. Early-stage development often sees regulatory gaps, but as the industry matures, we move towards and embrace compliance and standardization.
WELL3 Public Sale #WELL3
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When & Where
🔹Start Time: 27 March 2024, 12:00 EST / 16:00 UK / 00:00 HKT (+1 Day)
🔹End Time: 28 March 2024, 11:59 EST / 15:59 UK / 23:59 HKT
🔹Duration: 24 Hours
🔹Result: 2 April 2024
🔹Where: https://t.co/kI4bId3r6q (exact link to be released)
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Price
🔹Price Per Ticket: 0.05 - 0.1 ETH
🔹The exact ETH required will be announced before Public Sale starts
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Eligibility
🔹All users of WELL3 who had quested (interacted with contract) on https://t.co/kI4bId3r6q before the snapshot was taken
🔹Holders of Keungz Genesis, Kubz & Yogapetz before snapshot is taken
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How
1⃣Connect your wallet, system will verify the eligibility of each user
2⃣Made the required deposit to secure your desired number of tickets within the public sale period. The deposited amount will remain locked until the results are announced
3⃣After result is announced, system will deduct your deposit based on your winning ticket amount, while any remaining funds will be refunded. Users will need to claim their refunded funds after the result announcement.
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Public Ticket Format and Boost
🔹Run in Fair Raffle
🔹More Ticket Deposited, more chance to win
🔹1 Mythical Insight = 1 Extra Public Ticket (You need to make at least 1 ticket deposit)
🔹Ticket Boosting, if you deposit during
🔹First 00:00 - 00:29 mins of public sale = 3x tickets Multiplier
🔹First 00:30 - 00:59 mins of public sale = 2x tickets Multiplier
🔹e.g. Made 3 tickets deposit during 00:00 - 00:29 mins, your ticket amount equal to 9 tickets during the fair raffle
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WELL3 Season 2 farming boost
🔹Start Time: 27 March 2024, 12:00 EST / 16:00 UK / 00:00 HKT (+1 Day)
🔹End Time: 1 April 2024, 11:59 EST / 15:59 UK / 23:59 HKT
🔹1 Deposited ticket = 1 Airdrop Quest
🔹Mythical Insights farmed during the boost are eligible as an extra public Ticket
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More info will be released close to public sale and in our discord