In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
Sui Network Suffers Outages for Two Consecutive Days
Sui’s official X account announced that the mainnet is experiencing network issues, and network activity may be temporarily halted. According to Sui Status, the Sui mainnet has been in a Major Outage for two straight days, with the problem stemming from Mainnet settlement. Additionally, the blockchain explorer shows that no new blocks have been produced for over an hour.
https://t.co/ghWjlt0por
You realize what this means!?
Stripe just gave you a new way to create generational wealth.
They invented an entirely new marketplace.
Agents will be spending millions, and eventually billions of dollars for individuals and corporations.
The marketpalce is empty right now.
IT IS YOURS FOR THE TAKING.
Build a service as a software ( YES SAAS V2 ), make it so that agents can use and spend on your platform.
WIN WIN WIN.
WAAAAAAKE UPPPPP.
Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry
@MitchellAskew@EdibleHazmat What’s the pros and cons of opening a new LLC and purchasing the miners there vs doing so in his current business? Does it matter that his current business and mining are completely unrelated?