Neo Tokyo Citizen
Joined September 2017
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Crypto Tech Fan retweeted
🚨🇺🇸 Michigan Democrats have ANOTHER defection on their hands, just hours before the Senate election.
Former Democratic Congressman Hansen Clarke has now endorsed REPUBLICAN Mike Rogers over his own party's nominee, Abdul El-Sayed.
And this comes barely a day after Haley Stevens did exactly the same thing.
What was supposed to be the final push to unite Democrats behind El-Sayed is becoming a rather public family feud.
Much of the fighting has centered on Israel, with Stevens' endorsement already provoking furious reactions from Democratic leaders.
Now Clarke has joined her.
Two prominent Democrats backing the Republican candidate, with control of the U.S. Senate at stake.
That's quite a way to spend the final 24 hours of a campaign.
Source: AP News / Writer: Oliver
Crypto Tech Fan retweeted
James Talarico says he is in favor of “overhauling” the Supreme Court and says packing the court is on the table.
Texas, do not fall for his moderate rhetoric.
He is a dangerous radical who must be defeated.
Crypto Tech Fan retweeted
JUST IN: 🇰🇷 South Korea drafts rules to move its $7 trillion stock and bond markets onto blockchain starting February 2027.
Crypto Tech Fan retweeted
Shareholders,
NetNet opened on July 17 with $0, and 77 days later the treasury holds $26.8M.
The RW-PLAY games have taken in more than $1.9M across 137,000 plays along the way.
In the last two weeks, our treasury has added $6.9M.
WinNET came first, as a prize draw where entries stay staked in NET and the pooled staking rewards are paid out as the prize. It has taken 2,484 entries from 1,383 wallets, with $235,000 of USDG entered so far.
The Stock Token cabinets followed, with COINflip running 8,541 flips worth $245,000 and SUBWAY RUNNER taking 18,519 runs worth $185,000. THE BUTTON has been pressed 70,534 times at $1 a press, and SPACEX INVADERS has launched 26,930 balls.
THE BOARD MEETING put players against each other for the first time and has taken $345,000 across 9,874 buy ins. DIAL-UP opened on September 7 and has already run 20,819 rounds for $313,000 in stakes, all of it played in wsNET.
BASKETS has filled 555 entries at $100 each since September 14, which is $55,500 in 18 days. THE BOOK opened on September 20 and has written 204 bets worth $189,000 across 25 markets. Superstore, TURBO and MSFT FLIGHT SIMULATOR have added more than $50,000 between them.
Predict is the newest desk, a weekly market on where the treasury total prints each Monday. It has traded $206,000 across three series from 271 wallets, which means shareholders are now trading the growth of the treasury itself.
That is fourteen desks shipped in 77 days, nearly $1.9M played through them, and a treasury that went from $50,000 to $26.8M over the same stretch. Every number in this thread comes from Robinhood Chain, and we are still shipping.
So whats next?
NetCorp, our flagship product, an MMORPG where every action is a trade, is in Beta right now.
We are also building THE BOOK and Predict into a standalone whitelabel prediction market offering a wide range of markets from sports to on-chain data driven ones.
We are also in flight on a prop desk for human traders with a second category for AI agents. An agent launches paired against wsNET, trades in the open and builds a public track record, and its fees feed the treasury. Proven agents can earn credit lines and a weekly prize pot. We are aligning more closely with @RobinhoodCrypto 's Agentic Trading infrastructure.
Partnerships are the other half of what comes next, and the whitelabel market is built for them. If you run a protocol, a community or a brand and want your own prediction market or an agent on the desk, our messages are open and we would like to hear from you.
More Soon.
Crypto Tech Fan retweeted
I'm beyond impressed by what @NetNetCap is building.
This will be the Axie Infinity / DeFi Kingdoms moment of this cycle.
NetCorp will be incredible for the price of $NET, and its treasury.
Every weapon, every upgrade, every item in every shop is a market buy under the hood. (constant buy pressure)
And instead of people playing a game and earning the in-game token that they can sell (like at Axie and Defi Kingdoms), people will earn tokenized stocks that they can sell. (no sell pressure from in-game earnings)
This might become a real income-source for A LOT of people.
With the dilution 'problem' actively being worked on, and this game launching soon, I can see $NET become one of the projects that will bounce hardest during the next Robinhood liquidity inflow.
Conviction.
(🥅,🥅)
Crypto Tech Fan retweeted
🚨NEW: The @CFTC has submitted its crypto rulemaking to the White House for review.
The proposed rule is titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.”
It comes just two days after @ChairmanSelig said the agency was “locked in and ready to ship rules” following the Senate’s failure to advance crypto market structure legislation.
Crypto Tech Fan retweeted
BREAKING: X now lets US users trade stocks and crypto through Cashtags, with Gemini and Kraken as launch partners
Crypto Tech Fan retweeted
Jeonbuk Bank is the first regional bank in Korea to deploy Ripple Payments, replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement for its business customers. Our third Korean partnership this year, after Kyobo Life Insurance and Kbank, partnering on custody, wallet infrastructure and payments.
Korea’s leading financial institutions are building with Ripple: on.ripple.com/4qkpj0m
Crypto Tech Fan retweeted
💥THIS IS A **MASSIVE** SHIFT in how global financial plumbing will work, as this announcement means the @USTreasury--NOT the @federalreserve--controls whether tokenized eurodollars/euroyen/euroeuros, will be recognized as valid in the US. Bessent knows what he's doing & why.💡
.@POTUS and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework. @USTreasury welcomes input from stakeholders as we work to provide the regulatory certainty businesses need to innovate and grow in America, cement the role of the U.S. dollar as the world’s reserve currency, and keep America the crypto capital of the world.
Crypto Tech Fan retweeted
🇺🇸 UPDATE: Up to 10 Senate Democrats appear open to backing the CLARITY Act, Bloomberg’s Steven Dennis says.
Crypto Tech Fan retweeted
🏈 CLARITY Act at the 1-yard line Blockchain Association CEO Summer Mersinger says vote could come as early as next week.
60 votes needed for cloture. Ethics language Dems wanted is still missing from the merged draft.
Closest crypto market structure has ever gotten. 👀
Crypto Tech Fan retweeted
This is another step in the process and does not necessarily signal that a Senate floor vote is imminent. Specifically, it’s a committee report for the bill, which adds on all the amendments that passed during the @BankingGOP markup into the latest text of the bill.
Note: It’s not yet merged with the Ag text, which will likely happen in a manager’s amendment on the floor.
Crypto Tech Fan retweeted
Today, the Senate Banking Committee will vote to advance the CLARITY Act.
I am proud of the countless hours that my team, Treasury, SEC, CFTC, and Senate Banking staff and members have put into shaping this product. On every issue, we put forward real solutions to address stakeholder concerns or Democrat demands. It often required us to get creative; sometimes, it required us to get uncomfortable. But we did it in the spirit of bipartisanship.
Make no mistake: Whether today’s vote is partisan or bipartisan will depend entirely on politics, not policy. The CLARITY Act is not only good policy, it is necessary policy for the United States to maintain our leadership position in global financial markets. Not to mention the robust consumer protections and anti-illicit finance provisions it contains, without which, there are none.
This morning’s vote will reveal whether Democrats have genuinely moved on from their war on crypto, or whether they remain cowed by Elizabeth Warren. The choice is theirs.
Crypto Tech Fan retweeted
🚨GM! Big day for crypto on Capitol Hill. You can watch the markup live on @BankingGOP X account starting at 10:30 AM EST.
A small update since last night: The 5 pro-crypto Banking Committee Dems gathered this morning to figure out final direction on how to vote in today’s markup after negotiations with GOP colleagues fell through last night, according to three sources.
However, hearing it’s likely going to be a collective vote against, driven largely by disagreements over the BRCA after @CortezMasto pushed for changes following support from law enforcement groups this week for her amendments.
After everything we heard about ethics this week, it no longer appears to be the central sticking point. Instead, the focus seems to have shifted to whether Democrats believe the Grassley-Lummis backed BRCA compromise goes far enough to address law enforcement concerns.
As always, nothing is final until it happens, so we’ll see what the next few hours bring.
🚨NEW: Negotiations between a small group of bipartisan senators aimed at getting Democrats to a better place on at least two outstanding Clarity Act issues wrapped for the night without a deal, I’m told. In a statement, one of the lead GOP negotiators, @SenLummis, said:
“Ultimately, we have agreement on 99% of the bill. I hope my colleagues across the aisle will work with me to get the remaining 1% resolved after we pass this bill out of committee. Otherwise, when or if another FTX happens, we will have no one to blame but ourselves.”
Democrats like @SenAdamSchiff and @SenRubenGallego had been pushing to reach a compromise on ethics/conflicts of interest involving the First Family ahead of tomorrow’s markup as a condition of their support for the bill, while other Democrats voiced eleventh-hour concerns about provisions tied to the Blockchain Regulatory Certainty Act (BRCA), which would prevent non-custodial software developers from being prosecuted under money transmitter laws.
It’s my understanding that meaningful progress was made on ethics, but last minute disagreements over BRCA changes ultimately prevented a deal from coming together.
Of course, it’s still unclear how the five pro-crypto Democrats on the Banking Committee will ultimately vote tomorrow, but as of now, the expectation is that the markup will be partisan.
Crypto Tech Fan retweeted
🚨NEW: Following @SenThomTillis comments and a sense of renewed optimism from industry and Senate Banking staff that a Clarity Act markup is within striking distance, efforts are now ramping up to tie up remaining loose ends.
With the yield issue largely resolved (per Tillis), attention is shifting to ethics and DeFi, specifically the Blockchain Regulatory Certainty Act and Section 1960 provisions.
@SenLummis (R-WY) who’s been leading on this issue, had this to say on the status of those negotiations:
“We’ve made significant progress on safeguards for non-controlling developers with respect to money transmitting laws, and I hope to have more soon.”
Ethics language is being actively negotiated and those provisions are more likely to be added after the bill reaches the Senate floor, per sources familiar with the process.
🚨NEW: @SenThomTillis (R-NC) says he’s ready to push the Clarity Act forward to a markup.
“I’m going to ask the chair to move forward with scheduling a markup when we get back… I think we’ve made a lot of progress… and it’s time to get it before the committee to move it forward,” Tillis told my inimitable friend and former colleague @ChaseWilliams_ in a reporter gaggle on Capitol Hill this morning following the Warsh vote.
Tillis went on to say most bank concerns on stablecoin yield have been heard and addressed, adding that others are welcome to “come and work in good faith.”
On timing: Tillis hopes to release legislative text on stablecoin yield 4–5 days before a markup after stakeholders get a preview.
On software developers and how law enforcement views the potential impact on enforcement under the 1960 criminal statute, a new flag Tillis raised this week, he pointed to @SenLummis’ approach, saying he’s “generally in support” of where the bill stands.
Crypto Tech Fan retweeted
🚨NEW: @SenThomTillis (R-NC) says he’s ready to push the Clarity Act forward to a markup.
“I’m going to ask the chair to move forward with scheduling a markup when we get back… I think we’ve made a lot of progress… and it’s time to get it before the committee to move it forward,” Tillis told my inimitable friend and former colleague @ChaseWilliams_ in a reporter gaggle on Capitol Hill this morning following the Warsh vote.
Tillis went on to say most bank concerns on stablecoin yield have been heard and addressed, adding that others are welcome to “come and work in good faith.”
On timing: Tillis hopes to release legislative text on stablecoin yield 4–5 days before a markup after stakeholders get a preview.
On software developers and how law enforcement views the potential impact on enforcement under the 1960 criminal statute, a new flag Tillis raised this week, he pointed to @SenLummis’ approach, saying he’s “generally in support” of where the bill stands.
