alto
6.3K posts
Some personal news: I will be joining Plasma @PlasmaFDN.
After a career in TradFi, I was eager to build something better and I believe Plasma will offer me a chance to do just that.
We often joke here about the future of finance. But this is exactly what stablecoins are. To misquote the greatest whitepaper ever, they are a peer-to-peer version of electronic cash that allow online payments to be sent directly from one party to another without going through a financial institution. They are money but with a global, 24/7, near-instant settlement while being programmable and composable.
In simple words they are the future of fiat money.
Beyond crypto, stablecoins already found some nascent real world adoption, mainly in emerging markets today, offering savings and payment options to the unbanked.
But we are simply at the dawn of the stablecoin supercycle: the future is bright.
Yes, the stablecoin supply is growing rapidly (>$80bn added in the last 12 months), but with $235bn outstanding, stablecoins only represent today 1% of the US M2 supply. And having faced years of an uphill battle and a difficult regulatory environment (or lack thereof), clarity and a supportive framework are finally coming.
In the US, stakeholders start seeing stablecoin as a tool to support USD dominance and source demand for US treasuries. Only a couple of years ago, would you have expected a US Secretary of the Treasury to say: "We are going to keep the U.S. the dominant reserve currency in the world, and we will use stablecoins to do that."
Trillions of stablecoins is no longer a question of if: it is now a question of when.
Engineered from the ground up as an EVM Bitcoin sidechain, Plasma will be purposely built for stablecoins. This will include a number of unique features that will be rolled out over time such as custom gas tokens, zero-fee USDT transfers and solutions to allow the confidentiality required for onchain payment solutions to finally take off.
Stablecoins will become the future of money.
Plasma can become the global settlement layer for stablecoins.
Trillions.
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the hacked us gov address was doing some weird things:
1. partially withdraw from aave
2. approve yvUSDT for migration (it didnt have any yvUSDT)
3. transfer the aTokens + withdrawn tokens out to hacker
doesnt look like phishing, more like a pkey compromise, but why yvUSDT?
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@etheraltog it didnt? #tokentxns" target="_blank" rel="nofollow noopener">etherscan.io/address/0xc9e6…
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@Kinchasa5000 yeh here #statechange" target="_blank" rel="nofollow noopener">etherscan.io/tx/0x09aa46cae…
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@etheraltog Do you have a link to that where your screenshot is from? I'm having a hard time reproducing that view..
Really appreciate ya
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@etheraltog It's just I could've sworn I had 2700 total wallet balance with the Tether. Then it swapped and didn't pop my ETH balance. Is there a way to see previous ETH balance of a wallet somehow? I don't think there is.
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@sat_eth @DyorDotEth @0x_b1 @html_eth @EnsSalesBot @Aloha_Bots and realized a bunch of my names are in grace, thanks lads
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@etheraltog @DyorDotEth @0x_b1 @html_eth @EnsSalesBot @Aloha_Bots The man emerges from the shadows, with the grail 💪
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trump.eth bought for 48.40 WETH (110,789.54 USD) on X2Y2 via Ensvision #ENS #Web3Names #EnsNames
x2y2.io/eth/0x57f1887a…
Powered by @Aloha_Bots
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AO: Tokenomics of the Decentralized Supercomputer is less than 2 days away!🗓️
All details regarding $AO will be revealed on June 13.
125 invitations for the live online event are now available for our followers!
Comment the elephant emoji 🐘 below to receive one. Good luck.
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@0xBookland @dr3a_eth just point and click sleuthing or public info for the most part, most are pretty solid attributions (owned by deployers etc) tho. I'm not really maintaining actively rn
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Are there any comprehensive datasets around defi protocols and the ENS name's they own?
What ENS names are owned by the top 1000 defi protocols by TVL?
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2 of my French colleagues asked my skincare secret (young relative to age I guess). Truth is I am one of the lowest maintenance guy and doesn’t apply anything. Could be the Asian skin. Thanks Pa and Ma anyway. Maybe should start looking for skincare sponsors 😂😂
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AUSA: What about Alameda?
SBF: I believe they had a similar policy. It was mentioned sometimes.
AUSA: When?
SBF: Late 2021. After the CEO-ship went to Caroline Ellison and Sam Trabucco
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OK - SBF trial, day of defense case and, it's said, Bankman-Fried on the stand. Inner City Press is covering the case innercitypress.com/literarysbf12d… &
@substack
matthewrussellleeicp.substack.com/p/sam-bankman & exhibits patreon.com/MatthewRussell… and will live tweet, thread below
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Elliptic 10/25/23, “There is no evidence to support the assertion that Hamas has received significant volumes of crypto donations.”
"...there is no evidence to suggest that crypto fundraising has raised anything close to this amount, and data provided by Elliptic and others has been misinterpreted."
elliptic.co/blog/setting-t…
Elliptic: 7/6/23 "Israel orders seizure of crypto wallets worth $94 million linked to Palestinian Islamic jihad."
“...making the NBCTF’s $93.7 million crypto seizure order particularly significant. Iran’s heavy engagement with cryptoassets to bypass sanctions may partially explain these amounts.”
"...besides an earlier NBCTF order in June targeting alleged Hezbollah wallets holding over $3.8 billion, this remains the second largest terrorism-related crypto order to date."
"...high volumes of crypto transactions with PIJ-affiliated wallets continued."
"PIJ-affiliated wallets have initiated high-volume transactions with those affiliated with Hezbollah, Hamas and numerous illicit money service businesses."
elliptic.co/blog/analysis/…
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