max_maserati base.eth

@maxmaserati

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max_maserati base.eth

Circle is in discussions (https://fortune.com/2025/05/19/circle-internet-coinbase-ripple-goldman-sachs-ipos-cryptocurrency-mergers-sp-500/) with Coinbase and Ripple about a possible acquisition. Ripple reportedly made a $4–5 billion offer involving a mix of XRP tokens and cash, but the bid was declined. Coinbase CEO Brian Armstrong commented that there is currently no announcement to make regarding any such deal.

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I currently rank #1000+ on The Leaderboard. Where do you rank?

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Avalanche reached (https://dune.com/hashed_official/avalanche-overview) a record 1.95 million active addresses in May, likely fueled by the launch of the blockchain game MapleStory Universe. At the same time, BlackRock's tokenized short-term U.S. Treasury product, sBUIDL, has been adopted as collateral on the Avalanche-based Euler protocol.

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🔹#ETH Vitalik Buterin has outlined a long-term proposal on the Ethereum Magicians forum to replace the current EVM bytecode with the open-source RISC-V architecture, aiming to greatly enhance the scalability of Ethereum’s execution layer. He emphasized that legacy and RISC-V contracts would remain fully interoperable and suggested creating an interpreter to translate EVM contracts into RISC-V equivalents.

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🔹#ETH Uniswap founder Hayden Adams shared his thoughts on the Ethereum scaling debate, suggesting that if Ethereum continues to rely on Layer 1 for DeFi, Solana might have a better roadmap, team, and scaling approach. He emphasized that Ethereum should stay committed to its rollup-focused L2 scaling strategy, which has been in development for the past five years, and criticized the community for frequently changing its narrative.

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Mining company MARA has demonstrated how its system converts gas into electricity for its production facilities. This approach helps reduce flaring and harmful emissions while providing power to modular data centers.

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Canary Capital has filed (https://x.com/JSeyff/status/1913316362602058203) an application with the SEC to launch a Tron ETF with a staking feature.

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Binance has announced (https://www.binance.com/en/support/announcement/detail/c288d0d677304b9e9246eceae0237ff3) the 68th project on Binance Launchpool: Initia (INIT), an Omnichain rollups network. Users will be able to farm INIT by staking BNB, FDUSD, and USDC starting at 00:00 UTC on April 18, 2025.

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Federal Reserve Chair Jerome Powell stated (https://www.federalreserve.gov/newsevents/speech/powell20250416a.htm) that upcoming tariffs and policy shifts — spanning trade, immigration, fiscal, and regulatory areas — could potentially drive inflation higher and dampen economic growth, though their exact impact remains uncertain. He also acknowledged the growing mainstream adoption of crypto, emphasizing that creating a legal framework for stablecoins is a logical step. Additionally, Powell mentioned that crypto-related banking regulations are likely to be “partially relaxed” moving forward.

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The Trump family is preparing to launch (https://fortune.com/crypto/2025/04/15/trump-crypto-monopoly-bill-zanker-nfts-memecoin/) a blockchain-based real estate game, inspired by MONOPOLY GO!, with a planned release at the end of April. The project is being led by Bill Zanker, a long-time business associate of the Trumps.

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Kraken has unveiled (https://blog.kraken.com/product/equities/stock-and-etf-trading) its new Kraken Securities division, launching commission-free stock and ETF trading in the U.S. The service will be rolled out gradually across the country. Kraken has already obtained regulatory approval in the UK and is currently pursuing a broker-dealer license from FINRA to operate fully in the U.S.

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Vitalik shared (https://warpcast.com/vitalik.eth/0x15ed32c4) on Warpcast that for the application layer to truly thrive, it needs to be grounded in a strong social philosophy and built by developers who genuinely believe in decentralization. He cited Railgun, Farcaster, Polymarket, and Signal as examples of well-aligned applications. In contrast, he pointed to Pumpfun, Terra/Luna, and FTX as examples of poor applications, emphasizing that the difference lies in the underlying intentions and beliefs of the developers behind each project.

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U.S. President Donald Trump has pardoned (https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-exchange-money-laundering.html) the three co-founders of the cryptocurrency exchange BitMEX. The U.S. Department of Justice charged them in October 2020 with violating the Bank Secrecy Act. In 2022, they pleaded guilty and agreed to pay $10 million each in fines.

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The U.S. government wallet received (https://www.justice.gov/usao-dc/pr/justice-department-disrupts-hamas-terrorist-financing-scheme-through-seizure) a deposit of 200,000 USDT – the DOJ announced the confiscation of stablecoins from Hamas.

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Wyoming plans (https://www.bloomberg.com/news/articles/2025-03-26/wyoming-governor-expects-state-to-issue-own-stablecoin-by-july?utm_medium=social&utm_source=twitter&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business) to launch its own cryptocurrency, the WYST token, by July 2025. It will be the first U.S. entity-issued, fiat-backed stablecoin, fully backed by U.S. Treasuries, cash, and repurchase agreements, with a minimum capitalization requirement of 102%. The state is evaluating blockchains such as Solana, Ethereum, and Polygon for hosting the token.

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U.S. crypto advocate David Sacks hailed (https://x.com/davidsacks47/status/1904540971171512459) the FDIC’s decision to eliminate “reputational risk” as a factor in bank regulation as a major victory for the crypto industry. He argued that this vague and subjective standard had been used to unjustly de-bank legitimate crypto firms, contributing to what he termed “Financial Blockade 2.0.” Sacks emphasized that bank oversight should be based on objective, quantifiable criteria rather than public perception.

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Crypto exchange Kraken is collaborating with Goldman Sachs and JPMorgan on a potential (https://www.bloomberg.com/news/articles/2025-03-24/crypto-exchange-kraken-explores-up-to-1-billion-debt-package?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid=socialflow-twitter-business) debt raise of up to $1 billion to fund expansion initiatives rather than operational expenses. The company is also exploring an equity raise and is preparing for a possible IPO as early as Q1 next year, benefiting from a more favorable U.S. regulatory climate.

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Crypto billionaire Jed McCaleb is investing (https://www.bloomberg.com/news/features/2025-03-20/crypto-windfall-is-funding-vast-s-space-station-ambitions) $1 billion in his space startup, Vast Space, which aims to build and launch the world’s first commercial space station. McCaleb, the founder of Mt. Gox, Ripple, and Stellar, is dedicating approximately $3.2 billion of his wealth — primarily from selling XRP — to fund Vast Space.

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The Pakistani government is considering (https://www.theminermag.com/news/2025-03-22/pakistan-bitcoin-mining-surplus) attracting Bitcoin mining operators to utilize surplus electricity and ease the financial strain on its power sector. The Ministry of Energy has initiated discussions with stakeholders to develop a specialized electricity tariff for emerging industries, including cryptocurrency mining.

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Tether CEO Paolo Ardoino stated (https://www.reuters.com/technology/tether-is-talks-with-big-four-firm-about-reserve-audit-ceo-says-2025-03-21/) that the company is working with one of the Big Four accounting firms to conduct a reserve audit. Earlier this month, Tether appointed Simon McWilliams as CFO to help drive the audit process forward.

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