Sagan

Love Flying ✈️ | Capturing 📸 | Playing ⚽️ 🏉 🏏 | Fascinated by the interplay of global economics, history, finance & tech surrounding #Bitcoin | #pantherpride

[Sagan @saganr]

@solana SolDad #3124 reporting for duty, want a dad joke?

[Cointelegraph @Cointelegraph]

🇬🇧 NEW: Aave Labs’ UK subsidiaries received FCA approval to operate regulated cryptoasset exchange services in the UK.

[The Bitcoin Historian @pete_rizzo_]

JUST IN: BLOOMBERG JUST SAID LIVE SPACEX HAS BEEN QUIETLY BUYING FOR #BITCOIN FOR YEARS WITHOUT EVER SELLING

THEY OWN $1,300,000,000 WORTH OF BTC

"IT IS A STRATEGIC RESERVE"

THE 1st $1 TRILLION BTC COMPANY 🔥

[Sagan @saganr]

Layers beneath each of these to operationalise & ensure it’s trusted / secure/ safe. Long road ahead, but great to have a roadmap/vision.

Need govt/regulators to collaborate otherwise we will end up with fragmented siloes across the world which doesn’t help customers

[Brian Armstrong @brian_armstrong]

Major areas where the financial system still needs an update:

1. Tokenization of real-world assets - Real estate, stocks, bonds, funds, etc. onchain for instant settlement, fractional ownership & massive distribution.

2. 24/7 Global trading - Pooled global liquidity, every asset, every person, with great leverage and capital efficiency.

3. Next-gen payments - Near-instant, low-cost global transfers using stablecoins, including for Agentic payments.

4. AI-powered risk, credit, compliance, and advice - Better decisions, less fraud, and broader access to capital. Everyone gets access to a great financial advisor.

5. Innovation friendly regulation - Move from one-size-fits-all to risk-based rules that encourage innovation and competition instead of stifling it.

6. Expanded access - Open protocols that reduce middlemen and self-custodial wallets to expand access to everyone with a smartphone.

7. Capital formation - Low cost and turnkey for anyone to raise money for a good idea, increasing the number of startups.

8. Sound money - A refuge from inflation, when discipline is lost in fiat money.

Jobs not done until we get these working for all.

Will require lots of tech innovation and policy work to get there.

[a16z crypto @a16zcrypto]

Strip out trading, treasury flows, and exchange mechanics and you're left with $350–550B in real stablecoin payments last year.

B2B leads on volume, but every segment is expanding fast.

[Sagan @saganr]

Checking out the Web3 Festival in HK.

#HongKongWeb3Festival #OKXWallet #OKXWeb3 @OKXWallet_CN

[Watcher.Guru @WatcherGuru]

JUST IN: 🇨🇳 USDC Issuer Circle says it sees "tremendous opportunity" for a Chinese yuan stablecoin.

[Paul Atkins @SECPaulSAtkins]

Kicking off our first episode of Material Matters with Commissioners Mark Uyeda and @HesterPeirce.

We dive into their paths to the SEC, the work underway, and what’s ahead for U.S. capital markets.

Watch the full conversation: https://t.co/r42yt5L6C3

[Raoul Pal @RaoulGMI]

If Metcalfe’s Law is the best way to value blockchains, which I believe it is, then the two variables that matter are value transacted per user and total users. They compound.

The key future drivers:

Value transacted per user will come from the financial system moving to blockchain rails, led by stablecoins and then the tokenization of everything else. TradFi value dwarfs everything else.

User growth will come from agents. Smaller transactions, but orders of magnitude more users than humans will ever produce.

Everything else will be a rounding error in 10 years.

[Sagan @saganr]

Helpful clarity for Defi / non custodial wallets / DEX

[U.S. Securities and Exchange Commission @SECGov]

NEW 🚨: As part of Project Crypto, the Division of Trading and Markets issued a staff statement providing its views on broker-dealer registration requirements in connection with certain interfaces used to prepare transactions in crypto asset securities.

https://t.co/8jCwFOJZcw

[WeChat @Weixin_WeChat]

Today, we are officially opening the capability to integrate #OpenClaw into #Weixin.

With the launch of the #WeixinClawBot, users can use Weixin as a dedicated messaging channel for OpenClaw.

Now, you can send and receive messages with OpenClaw just like texting a friend.
#AIAutomation #AI

[Sagan @saganr]

Makes sense, now regulators / governments have finally figured out and started to take crypto seriously

[Watcher.Guru @WatcherGuru]

JUST IN: Billionaire Stanley Druckenmiller says the global payment system will run on crypto stablecoins within 15 years because they are more efficient.

[Brian Armstrong @brian_armstrong]

You can send money from the U.S. to Australia faster than I wrote this tweet, for less than a cent. Thanks crypto.

[Sagan @saganr]

Differences getting narrower by the day….

[Kraken @krakenfx]

A historic moment for crypto.

Kraken Financial has been granted a Federal Reserve master account, making us the first digital asset bank with direct access to the U.S. payments system.

A major step toward connecting crypto infrastructure with the core rails of global finance.

https://t.co/yVgwuJDZge

[Sagan @saganr]

How many companies are actually ready? AI-fluent inside, with the right culture, tools to pull off something this aggressive? What do you reckon governments will do if this catches on?? Wall St seems to like it….clearly a signal of things to come, uncertain times ahead….

[jack @jack]

we're making @blocks smaller today. here's my note to the company.

####

today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.

first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.

we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.

i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.

a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.

we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.

to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.

to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.

jack

[Sagan @saganr]

Hmmm hope not

[Michael Bloch @michaelxbloch]

https://t.co/ataaDfMp3X

[Sagan @saganr]

@SekureD 0xac68586E21582Df7471244Ac2E977e2d9ba39755

[Sagan @saganr]

Dream run……next evolution loading is the hope, fairytale would be all the old boys from year 1 /2 come back for the final chapter of dynasty after everyone cashed their cheques…..2034 maybe 🤔 6 more premierships to round out 10 for dynasty 🤣

[Penrith Panthers 🐾 @PenrithPanthers]

A historic reign, matched by none. 🏆🏆🏆🏆

[Sagan @saganr]

@PeterVLang Watching from Hong Kong 🇭🇰 go the panthers 🐾

[Penrith Panthers 🐾 @PenrithPanthers]

NEVER BEFORE.