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What if MicroStrategy is the "greater fool"?
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Cardano's $ADA Charles Hoskinson 🤝 to meet and chat with 🤝 MultiversX's $EGLD Beniamin Mincu A united decentralized economy is far stronger than a fragmented one. Say no to crypto tribalism; Say yes to plurality and productive alliances. Let's go!
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🇧🇷 Brazil Central Bank considers banning self-custody stablecoins as the $BRL collapses against the $USD in forex markets. Brazil’s Central Bank (BCB) has unveiled a proposal to effectively ban the transfer of stablecoins to self-custody wallets. This happens amid the Brazilian Real (BRL) hitting an all-time low against the US Dollar (USD), raising local economic concerns. The draft regulation aims to tighten control over cryptocurrency operations, in particular foreign-backed stablecoins, aligning them with traditional financial regulations.
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The Brazilian Real (BRL) is collapsing against the US Dollar (USD) after Fernando Haddad's (Minister of Finance in Brazil) pronouncement this week. ✍️https://finbold.com/what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar/ I fear for my close ones, but not for me. Since mid-2023, my salary has been priced in USD. 🤷
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⚠️ $SUI prepares for its largest unlock to date this Sunday The Sui Network (SUI) will unlock over $200 million in tokens this Sunday, December 1, as part of its schedule. This will be Sui’s largest cliff unlock (in USD nominal value) to date. Every month, on day one, Sui unlocks 64.19 million tokens from vested contracts, distributed to five pre-defined categories: - Series B: 19.32M SUI ($66.27M) - Series A: 19.84M SUI ($68.04M) - Mysten Labs Treasury: 2.07M SUI ($7.10M) - Community Reserve: 12.64M SUI ($43.31M) - Early Contributors: 10.34M SUI ($35.46M) Private Series A and B investors receive the most, getting over 19 million SUI each, for 61% of the total. Mysten Labs gets the remaining 25.03 million, reserving 12.63 million for the community, 10.34 million for early contributors, and 2.07 million for its treasury. At current prices, Sunday’s unlock will be worth $220.19 million as SUI changes hands by $3.59 per token. This is nearly twice as much as the cliff unlock from November 1, worth $126.68 million at $1.97. In October, the project unlocked the same amount of tokens worth $105 million. // Source: @Tokenomist_ai Continue +🧵
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Tornado Cash's recent victory in the US court changes everything. Now, when will we see a Tornado Cash-similar protocol for other L1 blockchains like #MultiversX, #Radix, #Algorand, #Sui, #Near, #Solana, #Avalanche, etc? Let's build smart contract-based privacy tools!
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