James Kong

Worth mentioning: Tether, USDC, and DAI surpass Visa's 2023 monthly transaction volume. According to Nansen: Stablecoin Trading Volume in the past 30 days: ➡️ Tether - $654 billion ➡️ DAI - $394 billion ➡️ USDC - $321 billion The total volume of the three stablecoins, $1.369 trillion. This exceeds the monthly average of market leader Visa in 2023, which stood at $1.23 trillion. Of course, it depends on who's counting and what is counted, nevertheless the trend seems to be pretty clear here.

23

2 Comments

🌐 **Revolutionizing Finance: The Rise of DeFi and HyFi** 🌐 DeFi is on a tear — an untamed beast in the financial landscape, urging us to rethink how we approach money, lending, and identity. 🦁💸 As noted in Hong Kong, "DeFi’s here to stay, but it’s no stroll in the park." 🏞️ This evolution compels us to examine risk management and find the delicate balance between "freedom" and "financial stability." ⚖️ This balance is crucial for DeFi's sustained success and the emergence of Hybrid Finance (HyFi) platforms. 🔑 **Here’s how DeFi and HyFi are reshaping the financial ecosystem:** 1. **Risks and the DeFi Wild West 🏜️**     Traditional finance views DeFi as a playground with inherent risks—high volatility, hacking threats, and governance challenges. While some propose stricter regulations, it’s crucial to acknowledge that DeFi thrives on its non-traditional approach. HyFi platforms aim to mitigate these risks by integrating regulatory frameworks without stifling innovation, creating a safer environment for users. 2. **Bridging CeFi, DeFi, and HyFi 🧩**     Imagine a future that harmonizes DeFi’s transparency with the predictability of traditional finance and HyFi’s unique solutions. Creating a system that offers regulatory compliance and innovation is key. By leveraging smart contracts and risk management tools, we can develop a financial system that is both agile and secure, thus bolstering investor confidence. 3. **The Role of DAOs and Governance 🤝**     Decentralized Autonomous Organizations (DAOs) are pivotal in returning control to the community. Serving as a constant forum for decision-making, they facilitate governance that balances freedom with accountability. Hong Kong recognizes DAOs as both a challenge and a catalyst for DeFi and HyFi growth, pushing us towards more inclusive financial governance. 4. **What This Means for Asia 🌏**     Asia is fully engaged in the crypto revolution, with ongoing discussions questioning how to lead in this decentralized landscape. The nation that effectively leverages DeFi and HyFi technologies could take the lead in the next financial wave, 5. **Why This Matters to DeGens Everywhere 🚀**     DeFi stands as a cultural pivot for those disillusioned with traditional finance systems. However, as we push toward financial independence, we must navigate the inevitable hurdles ahead. The goal is to create a supportive legislative framework that encourages the proliferation of DeFi and HyFi while managing volatility effectively. The future of HyFi is still being written. If we navigate this decentralized journey wisely—embracing smart contracts, DAOs, and innovative technologies—we aren’t merely riding a wave; we’re setting the stage for a financial tsunami. 🌊 #DeFi #HyFi #Blockchain #Crypto #TradFi #HongKongCrypto #FinancialFreedom #DecentralizedGovernance #SmartContracts #CryptoRegulation, Ascend HyFi Labs

9

Navigating Regulatory Waves: How Will PH Traders Adapt? How do you envision the future of crypto trading in the Philippines post-Binance ban? 🚀🤔 Share your thoughts!

3

🔒🇵🇭 Binance Ban in Philippines: Good or Bad for Crypto? Do you think the Philippines' ban on Binance will ultimately benefit or harm the local crypto market? Share your views!

3

Big Development: CZ is banned from managing or operating the exchange. CZ provided the last clarity on ownership of WazirX, as now CZ is banned. It is now essential that #Binance clarify why WazirX is dragging its name in Singapore court. What is the truth?

8

Gemini Earn users will receive $2.18B of their digital assets back in kind--a 232% recovery. This means, for example, that if a customer lent one bitcoin in the Earn program, they will receive one bitcoin back. This ensures that customers will benefit from any and all appreciation of their digital assets since they lent them into the Earn program. This represents an unprecedented recovery among crypto bankruptcies, as well as bankruptcies in general. It has been humbling to have been part of this incredible team over the last few months, which has been tireless in its efforts and laser focused on doing the right thing to achieve this incredible outcome.  https://lnkd.in/gtHA7yeQ

109

4 Comments

Fintech done right! Atomic combines engineering AND compliance investments to offer high impact innovation.

2

Sentiment and trust dwindling from CEXs combined with comparable solutions on DEXs was one of the larger shifts in crypto. The next move will be from centralised MM's to trustless solutions. I truly believe Junaid Peer and I will be leading this charge. All eyes on BULK - Angel round closing soon. #DeFi #DEX #CEX #MM #Investment #Angel #Investor #Crypto

11

1 Comment

Australia continues to power up the remittance market: stablecoin edition ⚡️ Stables partners with Coins.ph to onboard a Philippine peso stablecoin - Initially deemed as a gaming stablecoin from the central bank's sandbox, Coins' peso-backed stablecoin known as PHPC will be moved into remittances for the Philippines - the largest importer of remittances in Southeast Asia, sitting at US $33.5 billion as of last year (source: http://bit.ly/3Td9Vnt). Stables have led the charge for stablecoin spending and remitters in 🇦🇺, partnering with Mastercard to allowing USDC spending and recently expanding into Europe as part of their global expansion. With more than a quarter of send transactions denominated in Philippine peso, 🪬 Bernie B. and team tapped into PHPC to streamline Australia-Philippine remittances and deliver smoother transactions. #tokenisation #tokenization #stablecoin #stables #blockchain #innovation #tech #technology

25

2 Comments

🚨 Will Crypto King Face Jail? DOJ vs. Binance CEO! 🚨 Do you think strict penalties are necessary to ensure compliance in the crypto industry? Share your views!

5

Candidates in crypto on CV vs. Reality 😂 I am sure, anyone who has ever recruited or hired for a position in crypto can relate to this. While it’s not a problem exclusive to web3, the gap between what candidates claim on their CVs and their actual skills seems particularly pronounced in our industry. Why do you think this is the case? 🤔 P.S. applies not only to candidates, but to most recruiters and startups in the space too 😅 🧑‍💻🧑‍💻🧑‍💻 - Exploring jobs in crypto? Apply for our latest roles at Blockchain Headhunter via https://bit.ly/3jIlL77 - Hiring crypto talent and need a hand? Reach out! #Blockchainheadhunter is the pioneering recruitment & executive search agency in crypto, web3 and blockchain with 280+ placements for 80 clients since 2017. 🚀 Follow me Michael Shlayen along with 65k others to see top crypto jobs and other insightful web3 content in your feed

237

101 Comments

Released only 2 days ago, $MOCA Token is up 211%. As a holder, You can either Sell now or Stake… But: Yat Siu, (token launcher & founder, Animoca Brands) has fueled the sentiment for the latter, stating that the token is all about Network effects. An article to be read… here You go: https://lnkd.in/d3zuXDvM Animoca, the web3 investment company, is building the open metaverse, Mocaverse + Moca ID to induce user gaming experience. It holds 400+ portfolio businesses and registered around $280m in 2023 revenue. So Yat speaks of $MOCA ownership as being part of a strong Network effect. What do I think: ~ He is right, pretty much! If you hold the token, then you’re betting that it’ll do well in the future. Regardless of your holding intention, as a pure-profit play or a true investment gem, you’re banking on network effects to push price up. Value added to Moca is a result of expanded network effects. ~Value is never the same. Projects have different strengths, some will attract more value as it grows, many won’t grow. Value is also different among network participants, financial & identity disparity clearly shows that, quality matters over quantity. ~ Expect to see many more tokens, we wanted decentralization, well here it is. It’ll become even harder to navigate towards great projects. So if you find a good community, don’t let go. ~ Builders are building! Players and seekers of pristine digital experience: little by little, we’re getting there. Yat Siu has impressed via his ‘Masa Son’ investment style in web3, grabbing that many games under his belt is not a small feat. I admire him though I’m going a different route in Gaming. I seek instead, service firms that will support all those games & their developers. So reach out for funding if you’re building something cool especially around marketing, hiring and R&D. 💪 https://lnkd.in/dswQqzaP #moca #gaming #token #web3 #invest #money

3

1 Comment

Looking at my actual token consumption over the last 3~ months with Claude 3.5 Sonnet Claude 3.5 Sonnet Total (actual): $246.53 If I used O1 for every single call, that number would instead be: O1 Total: $1,158.00 (~4.5x) O1-mini Total: $231.60 (same) If O1 can clearly outcompete Sonnet for quality, it could even SIGNIFICANTLY reduce total consumption, meaning I would actually come out closer to even in $$$ and way ahead in time.

2

Stablecoin Issuers Now 18th Largest Holder of U.S. Debt. Stablecoin issuers, including Tether and Circle, now hold over $120 billion in U.S. Treasury notes, making them the 18th largest holders of U.S. debt, surpassing countries like Germany and South Korea. Tether holds $91 billion, while Circle holds $29 billion. Although stablecoin legislation has not yet passed, there is optimism it will become law soon. Source: businessinsider In my opinion, it is becoming increasingly important to understand the potential impacts and complexities of stablecoins as their growth continues. #blockchain #stablecoins

21

7 Comments

Ethereum's scalability challenges have long been a focus, with Layer 2 (L2) solutions emerging as a prominent solution. L2s execute transactions off-chain while posting data proofs back to Ethereum, reducing mainnet congestion. The Dencun Upgrade introduced blob storage (EIP-4844), significantly lowering data availability costs for L2s and making transactions cheaper. While significant progress has been made, true decentralization in Optimistic Rollups is still evolving. Key components like permissionless fraud proofs are under development, and decentralized sequencers—which enhance trustlessness and reduce central points of failure—are actively being worked on by projects like Optimism and Arbitrum. Ultimately however user and developer adoption will determine which L2 thrives. Which L2 do you believe will succeed?

30

1 Comment

Remember when GameFi was all the rage, with folks in the Philippines quitting jobs to farm Axie Infinity? And who can forget the DeFi Kingdoms craze? Those were wild times. But then, the bubble burst, and GameFi was dubbed vaporware. So, what’s changed? Well, GameFi has been making major developments this year, with its market cap already skyrocketing to $25B+ Why the buzz? It's simple: better games and smoother onboarding. Initiatives like embedded wallets and actual fun games are making all the difference. Some top GameFi projects currently include Immutable, Axie Infinity, and more. The quality of games has improved, and with it, the excitement around GameFi. Having passed the halfway mark, do you think GameFi will truly take off this year? 🤔 #defi #gaming #web3gaming #blockchain

5

1 Comment

Sui VS Aptos Founding Teams: Both Sui and Aptos boast former Meta employees as their core teams. Aptos, led by Avery Ching and Mohammad Shaikh, raised $350M, while Sui, led by Evan Cheng, raised $336M. Sui has more ex-Meta employees in leading roles. Programming Language: Both projects utilize Move, a Rust-based language initially developed for Facebook's Diem project. However, Sui introduces a modified version of Move, emphasizing an object-centric model, while Aptos employs the original Move language with an address-centric approach. Scalability Solutions: Aptos employs BlockSTM for parallel execution of transactions, while Sui utilizes a DAG-based mempool. Sui claims higher TPS (300k) compared to Aptos (160k), but actual peak TPS remains lower for both, with Aptos registering around 1,200 and Sui around 1,007 TPS recently. Ecosystem Metrics: Aptos, launched earlier, boasts $44 million in Total Value Locked (TVL), compared to Sui's $12 million. Both have over 150 projects listed, but low TVL and activity suggest limited usage. Tokenomics: Sui's native asset, SUI, has a capped supply of 10 billion, with scheduled releases until 2030. Aptos' APT tokens had an initial supply of 1 billion, with no maximum cap, and staking rewards will increase the total supply over time. Both projects face criticism for subpar tokenomics, with concerns about massive token unlocks and allocation ratios. #MetaBlockchainRivals #SuiVsAptos #Layer1Showdown #MoveProgramming #ScalabilityBattle #CryptoTokenomics #BlockchainInnovation

1