BREAKING AIRDROP 🪂
Congratulations to all #SuiFam. Check $WAL airdrop right away 👇
📍 https://t.co/3Di2Z0dDUt
Connect your social account and get ready to claim $WAL tokens!
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🔂Repost + Bookmark
💧 Drop your #Sui wallet address
#Sui#SuiCommunity#SuiNetwork
MakerDAO is now Sky! Get ready to upgrade to $USDS and $SKY on 18 Sept.
Just signed up for the Early Bird Bonus on https://t.co/0F52P0Btog.
Get double rewards for the first month after launch if you're eligible @SkyEcosystem
In the past month, KyberSwap has faced unprecedented challenges due to the Elastic exploit. Despite this, I am grateful to say that our core business, including the Aggregator and Limit Order functions, remains robust.
Moreover, we will soon be launching our Zap API, an innovative development that will enable dApps, wallets, and other projects to become the most convenient gateways for their users to access DeFi liquidity protocols. This development underscores our commitment to not only sustaining our platform, but also to continuing to contribute to the wider DeFi ecosystem.
However, due to the Elastic exploit, in a move to stand by affected users, we implemented the KyberSwap Elastic Exploit Treasury Grant Program to cover up to 100% of users’ losses. We have also made significant changes in our business operations to ensure we are well positioned to continue on a sustainable path forward, including temporarily pausing our liquidity protocol initiatives and KyberAI project.
Regrettably, we have also reduced our workforce by 50%. The past few days have been among the most challenging in my journey as an entrepreneur. The decision to part ways with so many of our team members was heart-wrenching. Each individual is not only highly skilled, but also deeply committed to advancing DeFi and bringing tangible value to end-users. Their unwavering dedication during these tough times has shown great character and passion for the industry. Such talent and integrity are rare in our fast-paced, profit-driven industry.
To support our departing team members, we are creating a voluntary database to connect them with potential opportunities in the web3 space. I highly recommend that fellow web3 founders consider these exceptional individuals for their teams. They are not only capable, but also bring a level of commitment and integrity that is invaluable.
@KyberNetwork
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
Today, #Fantom is thrilled to announce the launch of the #FantomSonic testnet environment!
Sonic’s three main upgrades include:
• Fantom Virtual Machine, which offers drastically faster smart contract execution compared to the old EVM.
• Carmen database storage, which uses a more efficient data structure to offer up to a 90% storage reduction, lowering costs for validators.
• Optimized Lachesis consensus mechanism, providing an improved transaction pool.
With these improvements, Sonic is anticipated to achieve 2,000+ transactions per second with ultra-short finality. Additionally, Sonic’s reduced storage requirements (from 11 TB to less than 1 TB for archive nodes) makes it far more affordable and accessible for anyone to launch validators and participate in network consensus.
Check out our closed testnet at https://t.co/FQyRxvWMtG where we showcase the maximum limits of Sonic, or interact with our open testnet at https://t.co/Rge4aakGiD to experience the speed of Sonic first-hand.
Fantom Sonic mainnet is scheduled for spring 2024 and will allow new markets to adopt blockchain technology previously hindered by limited transaction throughput and slow finality. We envision a new era of DeFi platforms, blockchain games, and many other applications that can leverage the speed and scalability of Sonic.
Get the full scoop on Sonic's technology and learn how to navigate the open testnet in this must-read blog:
https://t.co/ObGGvAX4Rj
Ready to increase your dApps earning potential?
Any application deployed on Fantom can participate in Gas Monetization!
✍️ Learn how to apply: https://t.co/BlAkQJf0D1
✅ Bonus round distribution cut-off for Q3 is Saturday, August 19 at 10am EST
Someone sent this to me, an article I wrote 6 years ago. The project mentioned currently has a market cap of less than $1m. It's a good group of guys, but probably distracted by too much money.
Start small and grow big, not the other way around.
https://t.co/caYt1PliYy
Catastrophic prediction:
In the next 5 years, we will have the first "intelligent virus" leaked and roaming around the internet based on some LLM similar to ChatGPT.
It will be impossible to eliminate, taking advantage of any loophole to replicate and perpetuate itself.
Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.
🎉 Update: $210M in Volume
PowerTrade rang in 2023 with another record setting month in trading volume, our largest ever, which topped out at over $210,000,000.00.
Update: $131M in Volume
Good news! Even though December is usually a slower month for trading, we still managed to make more progress than last month, finishing the month ahead with $131,000,000 in trading volume.
Binance was handling as much as 92% of bitcoin's spot trading volume at the end of 2022, researchers found.
Mt. Gox, in its day, only handled around 70%.
https://t.co/liVsgq8KpT