Web3 OG | Maximalist 👑 retweeted
JUST IN: Elon Musk's Tesla $TSLA officially unveils new flying Roadster.
Web3 OG | Maximalist 👑 retweeted
Sometimes I feel we're so caught up in the next market move that we forget how much is actually changing in crypto.
New technology, new financial use cases, and things that could make a real difference over time. Take what's happening with @SuiNetwork recently, for example.
🔹Later this month, Hashi is expected to launch with $500M in capital commitments from 20+ partners. It would allow institutions to borrow against their Bitcoin without moving it off the Bitcoin network. That's an interesting use case for BTC holders.
🔹@EmanAbio also mentioned that post-quantum accounts will go live on Sui devnet next Monday. Basically, work is already underway to prepare user accounts for potential security threats from quantum computers.
🔹Meanwhile, CCTP V2 is now live, allowing native USDC to move between SUI and 29 other supported blockchains. A useful step for anyone moving stablecoins between networks.
Three different developments, three different areas of crypto, and all happening around the same ecosystem.
What interests me most is how crypto is slowly moving beyond just trading, with more focus on real financial use cases, security, and moving money between networks.
There's still a big gap between building something and getting people to use it, and that's where things will get interesting.
Web3 OG | Maximalist 👑 retweeted
[🌲] BITGET CEO GRACY CHEN CONFIRMS THEFT AT $387.5M, WITHDRAWAL PLAN TO BE ANNOUNCED SEPT 26TH 4:00 AM UTC HTTPS://X.COM/GRACYBITGET/ST…
Web3 OG | Maximalist 👑 retweeted
FEDERAL RESERVE: Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
federalreserve.gov/newsevent…
Web3 OG | Maximalist 👑 retweeted
The SEC’s innovation exemption enables 24/7 onchain trading of tokenized $STRC and $MSTR for U.S. investors through qualifying venues. A major breakthrough for Digital Credit and American capital markets.
Web3 OG | Maximalist 👑 retweeted
👀 STAY TUNED!
My thanks go to everyone who put so much effort into the CLARITY Act— across the Administration, Congress, investors, and innovators. Our collective conviction that America must continue to lead is indispensable.
I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.
Stay tuned.
Web3 OG | Maximalist 👑 retweeted
Today, the Senate did not advance the CLARITY Act to formal debate.
While this was not the outcome we hoped for, the industry continues to make remarkable progress through the ongoing work of regulators like the SEC and CFTC.
Grayscale remains committed to advancing clear, comprehensive rules for digital assets and we will continue to work constructively with policymakers and regulators so that U.S. crypto policy will continue to mature.
