@DriftKernela

Exploring new networks, unfinished ideas, and early digital economies.

Joined September 2020
  • Tweets29
  • Following40
  • Followers93
1Media
Mastercard is building fraud detection for stablecoins Mastercard launched Stablecoin Security. The tool analyzes blockchain and payment data before a stablecoin payment settles and gives financial institutions a risk score.
1
6
It looks for: fraud scams sanctions exposure financial crime Stablecoins want to become payment infrastructure. That also means inheriting the compliance stack of payment infrastructure.
3
Banks may have one simple weapon against stablecoins: interest A BIS working paper found that stablecoin growth tends to slow when U.S. banks increase deposit rates. USDC appears particularly sensitive. That makes sense.
1
4
If users can earn attractive yield on dollars inside a bank account, the opportunity cost of holding a non-yielding stablecoin increases. Stablecoins aren’t only competing with each other. They’re competing with bank deposits too.
4
DriftKernel retweeted
Solana
@solanaOct 18
JUST IN: Solana is #1 for stablecoin transfers. 557M in September, up 33% from August. 18.6M transfers a day.
276
221
75
1,713
149,129
DriftKernel retweeted
Stonk
@LaunchOnSFOct 18
21% of the total $STONK supply has now been burned.
127
144
32
847
38,440
DriftKernel retweeted
Canton Army
@CantonArmyOct 18
🚨 2,000 canton-network:native GIVEAWAY + 50 ACCESS CODES 🚨 We’re teaming up with @Thehub_io to give back to the Canton community! 🎁 2,000 CC + 50 access codes for The Hub up for grabs! To enter: 1️⃣ Follow @Thehub_io and @CantonArmy 2️⃣ Like and repost this post Winners will be picked in 48 hours. Good luck, everyone!
🤝 Paid partnership
873
1,695
9
1,421
25,797
DriftKernel retweeted
The Wall Street Journal
@WSJSep 21
Join for HK$32/Month for 1 Year.

32
15
3
280
5,147,228
DriftKernel retweeted
Four
@Four_FORM_Oct 5
Fun Fact Giveaway! 5 winners will get $30 USDT each! How to participate: 1⃣ Follow @Four_FORM_ 2⃣ ❤ + RT 3⃣ Drop your answer & tag 3 friends Question: Drop your answer in the comments! GOOD LUCK! #Four #FourCommunity #Giveaway
701
554
7
606
16,989
Strive also raised $369M from warrant exercises Alongside the latest BTC purchase, Strive said investors exercised warrants generating about $369.2M in expected gross proceeds. Roughly 94% of the outstanding warrants have now been exercised.
1
11
That matters because treasury companies need constant access to capital if they want to keep accumulating. The BTC strategy is only as strong as the financing behind it.
9
Strive wants another $500M for its Bitcoin strategy Strive is separately looking to raise around $500M through its SATS preferred stock. The security carries a fixed 15% dividend at par. That’s an important number. Bitcoin treasury companies aren’t getting free capital.
1
6
The higher the financing cost, the harder BTC has to work before the structure creates value for common shareholders. Buying Bitcoin is easy. Building a sustainable balance sheet around it is much harder.
4
JUST IN: Michael Saylor's Strategy buys 250 BTC and repurchases $192 million of STRC 👀 The company now holds: 🔸 $70.7 billion worth of Bitcoin 🔸 $5.5 billion in USD assets
118
189
19
1,186
78,538
DriftKernel retweeted
Massimo
@Rainmaker1973Oct 12
The Korowai people live in the inaccessible jungle in the southeast of the Indonesian province of Papua, about 150 kilometres inland from the Arafura Sea. They build homes over 30 meters high in the jungle canopy. [📹 Aníbal Bueno]
66
79
8
360
99,910
DriftKernel retweeted
Liverpool FC
@LFCOct 12
Last time out in the #UCL: A comeback win against Atletico Madrid 👏
40
295
19
5,692
764,246
DriftKernel retweeted
Solana
@solanaOct 12
"The next is trading those tokens and tokenized U.S. equities onchain. This has probably been one of the most compelling stories on Solana over the last 18 months outside of the United States." – @millercwl, CEO at @SolanaInstitute at Solana Summit Korea
148
65
11
521
115,698
Bitmine now owns almost 5% of all ETH Bitmine added another 12,532 ETH. Its treasury has reached roughly 6.03M ETH, equal to about 4.9% of Ethereum’s total supply. That’s an enormous concentration for one public company.
1
5
ETH treasury companies aren’t just copying the Strategy playbook anymore. Because ETH can be staked, the model also includes yield. But concentration this large cuts both ways when the underlying asset moves.
5
XRP Ledger had a bug that could have broken its fixed supply XRPL developers recently patched a decade-old integer overflow bug that could theoretically have created XRP beyond the network’s intended supply. The issue had existed since 2015.
1
7
Developers say there is no evidence it was ever exploited. What makes this even more interesting is how the fix happened: The normal amendment process was bypassed because publishing the vulnerability before the patch took effect could have exposed the network to attack.
4
Load more