Solana Pay x Shopify News & Discussions
Announcement
https://twitter.com/solana/status/1694336131599393186
- Shopify accounts for 10% of total US e-commerce & $444B global economic activity
- Cost Per Transaction for Solana Pay & USDC is $0.00025 vs 1.5-2.5% Credit Card Fees
https://twitter.com/paddi_hansen/status/1694355314588455388
Stablecoin Payments may bring merchant processing fees down across the board
https://twitter.com/jerallaire/status/1694444860827144414
Thoughts
- crypto payments infrastructure (debit cards, payment terminals/gateways, e-commerce, etc) continues to develop quicker than countries can regulate it
- shopify integrating crypto payments is not new: more than 10+ integrations so far (source)
- most adoption and usage has been concentrated to existing crypto users and third-world nations and economies experiencing hyperinflation
- MAS' finalization of its stablecoin regulatory framework last week is a significant step forward, i expect more regulatory bodies worldwide to follow suit (source)
Announcement
https://twitter.com/solana/status/1694336131599393186
- Shopify accounts for 10% of total US e-commerce & $444B global economic activity
- Cost Per Transaction for Solana Pay & USDC is $0.00025 vs 1.5-2.5% Credit Card Fees
https://twitter.com/paddi_hansen/status/1694355314588455388
Stablecoin Payments may bring merchant processing fees down across the board
https://twitter.com/jerallaire/status/1694444860827144414
Thoughts
- crypto payments infrastructure (debit cards, payment terminals/gateways, e-commerce, etc) continues to develop quicker than countries can regulate it
- shopify integrating crypto payments is not new: more than 10+ integrations so far (source)
- most adoption and usage has been concentrated to existing crypto users and third-world nations and economies experiencing hyperinflation
- MAS' finalization of its stablecoin regulatory framework last week is a significant step forward, i expect more regulatory bodies worldwide to follow suit (source)
FTX Crypto Assets ($2.4B)
- $500M in BTC & ETH liquid and expected to be gradually sold after court order approved
- $1.1b in SOL is vested till 2027
https://twitter.com/NorthRockLP/status/1694726280439386449
Coindesk Report
https://www.coindesk.com/policy/2023/08/24/ftx-taps-galaxy-to-sell-stake-and-hedge-its-crypto-billions
- $500M in BTC & ETH liquid and expected to be gradually sold after court order approved
- $1.1b in SOL is vested till 2027
https://twitter.com/NorthRockLP/status/1694726280439386449
Coindesk Report
https://www.coindesk.com/policy/2023/08/24/ftx-taps-galaxy-to-sell-stake-and-hedge-its-crypto-billions
PEPE multisig changed from 5/8 to 2/8 and sent ~$15m to various CEXs.
https://x.com/crypto_noddy/status/1694813331968729497
https://x.com/crypto_noddy/status/1694813331968729497
X (formerly Twitter)
CryptoNoddy (@Crypto_Noddy) on X
Any reason why the PEPE multisig wallet changed the threshold to just 2/8 signatures? Seems weird, this isn't standard right?
Also, seems that some has been sent to exchanges
Also, seems that some has been sent to exchanges
Forwarded from Cookie Reads 🍪
Friend Tech has enabled images!
https://twitter.com/friendtech/status/1694880415318954358
This feature is available for hosts in their own chat. Keyholders cannot send images to hosts.
https://twitter.com/friendtech/status/1694880415318954358
This feature is available for hosts in their own chat. Keyholders cannot send images to hosts.
Forwarded from infinityhedge
zachxbt: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL.
The deployers address is directly linked to the Solfire $4.8M exit scam
The deployers address is directly linked to the Solfire $4.8M exit scam
Ian's Intel
Update: - website down - twitter deleted - tg deleted 💀 https://twitter.com/zachxbt/status/1694929800094269720
X (formerly Twitter)
PeckShieldAlert (@PeckShieldAlert) on X
#PeckShieldAlert Our community contributor has detected that the Magnate Finance scammer has bridged ~$1M of the stolen funds to the #BNBChain
IRS & Treasury Department Released New Proposal for Crypto Taxes Starting 2026 in the US
https://news.bloombergtax.com/daily-tax-report/crypto-exchanges-to-report-customer-data-under-treasury-proposal
Summary
https://x.com/lex_node/status/1695061496177258731?s=46&t=Epo2C7qkg-CKjyMhGIBBuQ
https://news.bloombergtax.com/daily-tax-report/crypto-exchanges-to-report-customer-data-under-treasury-proposal
Summary
https://x.com/lex_node/status/1695061496177258731?s=46&t=Epo2C7qkg-CKjyMhGIBBuQ
Bloombergtax
Treasury Aims to Snag Tax Cheats With Crypto Broker Proposal (1)
US-based cryptocurrency exchanges, such as Coinbase Global Inc. and Kraken, would have to disclose detailed information on their clients’ transactions to the IRS starting in 2026 under a new Treasury proposal.
Aerodrome's veVELO snapshot has concluded and will distribute veAERO at launch on Base on Monday.
https://twitter.com/aerodromefi/status/1695164157950075051
https://twitter.com/aerodromefi/status/1695164157950075051
Mantle Network’s Economics Committee Proposal
- $60m USDx, 30k ETH (~$50m), 120m MNT (~$50m) in “liquidity support” for applications
- ecofund invested applications individual allowance up to 10m USDx
- $60m USDx for seeding liquidity for RWA-yield backed stablecoins
- $10m USDx, 5k ETH (~$8m) for liquidity support for third-party bridges
Sources:
- Full Proposal
- Thread
- $60m USDx, 30k ETH (~$50m), 120m MNT (~$50m) in “liquidity support” for applications
- ecofund invested applications individual allowance up to 10m USDx
- $60m USDx for seeding liquidity for RWA-yield backed stablecoins
- $10m USDx, 5k ETH (~$8m) for liquidity support for third-party bridges
Sources:
- Full Proposal
- Thread
Ethena Labs announces partnership with the following:
- Bybit (CEX)
- LidoFinance (ETH LSD Protocol)
- CopperHQ (Custody Solution)
Announcement
Thread about Ethena for Context
- Bybit (CEX)
- LidoFinance (ETH LSD Protocol)
- CopperHQ (Custody Solution)
Announcement
Thread about Ethena for Context
👍2
Pretty cool repository for all things modular
https://modular.4pillars.io/architecture
https://modular.4pillars.io/architecture
modular.4pillars.io
Introduction to Modular Odyssey | Four Pillars
Given the diverse array of Modular blockchain projects available, understanding each architecture is not only advisable, but a fundamental step in choosing the most appropriate project for deployment. This Odyssey will guide you in aligning your choice with…
🔥3
Update on the Wallet Draining Operation from back in April 2023
- Thread (tweet is attached to the original thread for context)
- seems like most victims were users of Last Pass
- Thread (tweet is attached to the original thread for context)
- seems like most victims were users of Last Pass
X (formerly Twitter)
Tay 💖 on X
Aug 2023 Update:
This is NOT a MM or wallet issue (still)
This is NOT a entropy issue (still)
An additional ~$15m has been stolen from approximately 100+ more victims since the April 15th thefts.
Total distinct addresses stolen from: 500++
Total confirmed…
This is NOT a MM or wallet issue (still)
This is NOT a entropy issue (still)
An additional ~$15m has been stolen from approximately 100+ more victims since the April 15th thefts.
Total distinct addresses stolen from: 500++
Total confirmed…