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ARMSTRONG DIDN’T BACK DOWN -- HE DOUBLED DOWN On Bloomberg at Davos, Brian Armstrong explained why Coinbase pulled support for the Senate market structure bill. His issue was simple: the draft tilted too far toward banks. Bank lobbying groups were trying to limit stablecoin rewards, block tokenized equities, and...

161,042 次观看 • 8 个月前 •via X (Twitter)

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Stani says stablecoins aren't coming for bank deposits, they're coming for a generation worried about inflation "Over time, stablecoins will be the natural way of holding value and transacting because of the ease of access. They won't necessarily really fight for capital the same way as what a lot of people are holding in banks, for example. There's different audiences." "The audiences that are holding their, let's say, cash or savings or deposits in these sort of, like, commercial banks or traditional banks are at risk on stablecoins." "This is more for the newer generations who are trying to be more open and for what kind of financial products they wanna use. And conscious about where the world is going. Right?" "We have high inflation. You know, the credit market is skyrocketing with trades. Like, people are really concerned about the financial future. Cost of living, and this is not, let's say, a US thing or European. It's everywhere in the world. Given growing energy prices." "That user group will use DeFi, and they will use stablecoins." "The moms and pops, whatnot, are gonna still use banks. So, like, there's no really sort of capital flight there, and there's an equilibrium from, like, a systemic risk perspective." "A lot of banks are ahead of the game on their sort of, like, a category. You see large digital asset teams on, like, custodians, banks, asset managers. We're starting to see actually new job openings for digital asset roles." "Banks and financial institutions are really excited about this opportunity, and it's more real than ever before."

The Wolf Of All Streets

32,913 次观看 • 2 天前

🚨 Coinbase CEO Dumps $550m Of Stock Onto The Market As The Centralized Exchange Faces Potential Solvency Issues, With Customer Funds At Risk Coinbase has been desperately opposing the Clarity Act but why? Because it could get insolvent👇 The CLARITY Act targets stablecoin yield programs, cutting off one of Coinbase’s biggest revenue streams by restricting how platforms earn from customer deposits and interest, and forcing a shift toward fully regulated, lower-margin models. • White House crypto adviser stated crypto is “threatening to community banks, G-SIBs, and larger banks.” • Treasury Secretary Bessent called opponents of the CLARITY Act “recalcitrant actors.” • Coinbase reported a large quarterly loss: •EPS: -$2.49 vs $0.96 expected •Net loss: ~$667M • Coinbase CEO Dumps $550m Of Stock just a few months before these results came out. • Coinbase Support acknowledged users were unable to buy, sell, or transfer temporarily. • Coinbase is now charging $137 in fees for converting $5000 USDT to USD, while in the advanced trades it takes 2 cents. • Jeffrey Epstein has invested $3M into Coinbase (2014) at a ~$400M valuation, who saw Ripple as “an enemy.” The exchange could potentially face a “bank run” if issues escalate and funds on Coinbase would be at risk. This is exactly the reason why David Schwartz recently said that XRPL is the most decentralized ledger and helps people become their “own bank” by eliminating middlemen like banks and centralized exchanges.

Stern Drew

87,617 次观看 • 7 个月前

🚨 THIS IS BIG. CONNECT THE DOTS. 🚨 After speaking at the World Economic Forum, Donald Trump said he looks forward to signing the Market Structure Bill to unlock financial freedom for Americans, or China will dominate this market. Then the White House Crypto Czar David Sacks confirms it: "Once market structure legislation passes, banks will get fully into crypto… They’ll be deep in the stablecoin business to offer yield and stay competitive." Here’s what most people are missing 👇 This is NOT Banks vs Crypto. It’s Centralized Middlemen vs Decentralized Access. What the bill actually unlocks: ▫️ Community banks & credit unions onboarding digital assets ▫️ Regulated on-ramps into DeFi ▫️ Stablecoin yield earned on-chain, not parked on centralized exchanges ▫️ Capital in motion, not idle custodial yield Credit unions don’t have shareholders. They’re owned by the people. That means: ▫️ Higher yields ▫️ Lower fees ▫️ Direct access to DeFi ▫️ No need to trust a centralized exchange acting like a bank Meanwhile, some centralized exchanges are pretending to fight banks… while quietly partnering with big banks and recreating the same old system. ⚠️ If you’re earning 3–4% on a centralized exchange, wait until community banks + DeFi rails go live. This is mainstream integration, but done the right way. The rails are being laid. The gatekeepers are losing control. Know What You Hold!

Echo 𝕏

167,873 次观看 • 8 个月前

Brian Armstrong on what he learned about management from Balaji Srinivasan “Balaji is a brilliant guy. He’s probably one of the top couple smartest people I’ve ever met in my life,” Brian begins. “He was briefly the Chief Technology Officer of Coinbase. He came in through an acquisition and did some amazing work. And he taught me how to manage a totally different type of person.” Brian continues: “Balaji is kind of unmanageable. He’s what some people might call a ‘free radical’ within an organization. He kind of bounces around, absorbing vast amounts of information — even things that aren’t his responsibility — and occasionally he would come back to me with these incredible insights.” Brian gives one funny example: “At one point he came back to me and said, ‘These are all the salespeople that are making more revenue than their salary, and these are all the people that are not.’ And the first thought I had was, ‘You’re not supposed to have access to anybody’s salary. How did you get that?’” Balaji replied, “Don’t worry about it. I found it in some database that I wasn’t supposed to have access to.” The next question Brian asked was, “How did you connect that all up?” The previous week Brian asked the data team to connect Salesforce to Coinbase’s salary data so they could start running some reports to have more accountability. But it was supposed to be a three-week project. Balaji responded, “Oh well I couldn’t sleep this weekend, and I just knew something felt off. So I had to code it up and put it all together.” When the data team completed their analysis three weeks later, they confirmed that Balaji was 100% right. “He was continually doing things like that,” Brian explains. “And he’s incredibly high in disagreeableness, which I learned from him as well. He would go into a team and ask, ‘Why isn’t this functioning well?’ And he would suffer no fools. He would not be afraid to go in there and turn half the people on a team — whether he had the permission to fire them or not… He was a very contrarian figure. I’d say about once a week someone would come into my office and say, ‘I can’t work with Balaji. He’s causing so much collateral damage.’ And I’d say, ‘Yes, but he’s also generating an enormous amount of value and I need you to learn how to work with him.’” Brian knew Balaji wasn’t going to last forever at Coinbase because it was incredibly disruptive, but ultimately he taught Brian how to be a “turnaround CEO” when needed: “In the past I was opting a little more toward trying to be liked instead of being clear about what we’re doing, where we’re going, and what the bar is. He helped me become a better CEO and have a little more disagreeableness.” Video source: Stripe (2025)

Startup Archive

474,358 次观看 • 1 年前

Scott Jennings called Border Czar Tom Homan’s press conference earlier today a “master class.” As Scott Jennings explained, it was a brilliant move by the president because it allowed the administration to lower the temperature publicly — without changing the substance of the operation itself. Homan was able to project calm and cooperation, while still making clear that enforcement hasn’t stopped. JENNINGS: “Yeah, I thought Homan’s press conference this morning was a master class, and it’s obvious that the president made a smart decision in sending him there to reset this situation.” “I think the president, no president, wants to see chaos in any city for any reason. I mean, that’s not good for the country. It’s not good for a presidency. Homan has clearly already made a huge difference.” “He met with the local officials. This agreement that he has, apparently with the attorney general, Ellison, about working to Elie’s point with the county jails, that’s one of the things the White House has been asking for is some cooperation at the jails.” “This is clearly a step in the right direction.” “But as you pointed out, Abby, he’s still very much an immigration hardliner.” “And even though they are going to prioritize people who have other criminal issues, he said, if you’re in the country illegally, you’re never off the table.” “He was also signaling to the president’s supporters that, listen, we’re not backing down on the president’s priorities on illegal immigration.” “He also said today that he was very much aware of these organizations that are going on these Signal groups, these Whatsapp groups that are trying to organize the impeding of federal law enforcement.” “And he said he was very much looking into that.” “If you believe that having less chaos and more efficiency in government and more cooperation is good, today was clearly a great day.”

Overton

59,647 次观看 • 8 个月前

I’ve had a few people do this to me, they seriously look like they are enjoying their food, cleaning the plates so well it looked like they were freshly washed. Yet complaining with every bite how the food is bad and how they are refusing to pay yet they won’t stop eating every last crumb on the plate. I just opened the buffet for the day, everything is fresh and hot, I do random taste tests for almost everything that comes out to make sure they are good and to my standards. I had a man come in with his wife, she looked nervous and in about 20 mins I saw why. The man went up and grabbed a plate, he picked out all of the meat in the dishes, all the beef from the pepper steak to all the chicken in the chicken broccoli, he cleared around 4 plates of meat leaving nothing but veggies left in the pans. The wife was quietly enjoying her food, she wasn’t participating in his behavior. When it was time to pay, the man wasn’t hiding his discontent, he said he didn’t like the food, there wasn’t enough meat in the dishes, he wasn’t even full and was going to have to pick up a burger after he leaves. So he feels he shouldn’t have to pay for it. I was not having it. I said I watched you pick out all the meat and eat every last bit, you even had 4 pieces of cheesecake and a bowl of fresh fruit. I made him pay and I banned him from the restaurant, I said if you don’t pay I will trespass you and press charges for theft. His wife was embarrassed, I can tell he does this often, she paid, apologized and they both left.

SonnyBoy🇺🇸

286,227 次观看 • 1 个月前