Friend Tech User Retention

d0 cohort (users onboarded on day 0) retention rate has been growing and has reached 36% over the last two days. what does this mean?

- previously churned users are returning, indicating that the app has significant stickiness
- even more impressive given that "active users" here is defined as "users making at least 1 trade"
- given that a16z's benchmark for the top performing web2 social apps around the 30d mark is 30%, FT is doing pretty damn good

Full Thread

—————————————
Friend Tech Invite Codes

ft-o20klghp
ft-2qtrs5yo
ft-elo24ts6
ft-sssttalw
ft-x2fjeh0p

A wallet connected to Mark Cuban appears to have been drained.

https://x.com/wazzcrypto/status/1702820716343624168

Confirmed: Mark Cuban was hacked for $870k, moving rest of crypto assets to Coinbase Custody

https://www.dlnews.com/articles/people-culture/mark-cuban-loses-870k-to-a-crypto-scam/

Hasu: Details on FTX Claims Process

https://x.com/hasufl/status/1703694638370996461?s=46&t=ywALktyM5ZCyt-zigN5Big

[IanGPT] Sino Global, Coinbase and Libra Alums Start $60 Million Web3 Fund

- New $60 million fund, Oak Grove Ventures, launches focusing on Web3, AI, and biotech.
- Team comprises alumni from Sino Global Capital, Libra, Alchemy Pay, and Coinbase.
- Operated previously as a family office with a history of successful early-stage investments in over 30 projects, including SpaceX and Neuralink.
- This comes after Blockchain Capital's $580 million fundraising for crypto-focused funds, attracting traditional institutional investors.

via: CoinDesk

[IanGPT] Mastercard's Start Path Adds Seven Blockchain Startups for Blockchain Innovation & Scalalability

- Seven blockchain and digital asset startups join Mastercard's global Start Path program to foster innovation and scale decentralized financial solutions.
- Program offers startups technical collaboration, access to Mastercard's customer base, expertise, and specialized training.
- Startups include Cenoa, Crossmint, CUB3.AI, Emerge, LI.FI, Lirium AG, and Polytrade, focusing on areas like digital assets, crypto payments, scalable blockchain solutions, NFTs, and loyalty programs.
- Companies in Start Path have proven product-market fit and have raised seed or Series A funding.
- Mastercard aims to simplify the use and deployment of blockchain technology, making it more accessible for fintechs and enterprises.

Press Release

⚠️ Balancer Frontend is Under Attack

https://x.com/Balancer/status/1704281611326357567

[IanGPT] Eclipse Announces Ethereum SVM L2

- Architecture: Combines Ethereum for settlement, Solana Virtual Machine (SVM) for execution, Celestia for data availability, and RISC Zero for ZK proofs.
- Performance: Utilizes SVM for optimized parallel execution and scalable state management.
- Fees: Adopts Solana's local fee markets to prevent fee spikes across apps.
- Compatibility: Full EVM compatibility via Neon EVM; MetaMask Snaps for easy user onboarding.
- Future Plans: Open to Ethereum migration for data; no own token planned.

Source

⚠️ Nansen Security Incident Involving 3rd-Party Vendor


https://x.com/nansen_ai/status/1705137387838574904

⚠️ Mixin Network Hacked for $200M

https://x.com/SlowMist_Team/status/1706133260869468503?

MicroStrategy has acquired more BTC

- 5,445 BTC @$27,053
- MicroStrategy now holds 158,245 BTC @$29,582

Source