Crypto since 2013. Building an impact-driven community at @kula_dao Ambassador: @WorldMobileTeam @Minutes_Network @StandWCrypto_UK RWAs, DePIN, ImpactFi π
Joined May 2024
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$50M invested into impact-driven assets.
Investments across energy, mobility, water, agriculture and more.
Tokenisation that brings these investments onchain.
An onchain governance structure that gives communities a voice in investment decisions.
This is what Kula has built.
If you're building an impact-driven project, business, or initiative anywhere in the world or an investor looking for impact opportunities, letβs connect.
Learn more about our investments: kula.com/projects
Investment. Governance. Impact.
TheDePINCat ππ retweeted
We froze cash, cards and wallets in blocks of ice on the streets of London.
You can see your money, but you canβt reach it.
Thatβs the everyday experience outlined in our report, Blocked.
In just 90 days, 10,092 formal complaints were sent to banks about blocked or capped transfers to FCA-registered crypto platforms.
Those complaints came from every one of the UKβs 650 constituencies.
The ice melted. The blocks didnβt.
Read the full report to explore our findings β standwithcrypto.org/gb/press
TheDePINCat ππ retweeted
Went completely AFK on here for over a year. Lost everything and ended up in the darkest place of my life
Iβm back! This is the most personal thing Iβve ever posted, and I hope it helps at least one person <3
TheDePINCat ππ retweeted
Tomorrow something's hitting the road in London.
10,000+ complaints. 90 days.
TheDePINCat ππ retweeted
Meet the next names in the Full Stack London speaker lineup.
Taking the stage on 12 November:
β @KulveerRanger, Member of the @UKHouseofLords & Board Adviser at Wirex Labs
β Kamran Shahin, Vice President Product Management, Digital Assets & Blockchain at @Mastercard
β @XenBH, Director of Marketing and Global Expansion at @base
β @MassFromCrypto, Director of Strategic Partnerships at @ChangeNOW
β @em, Founder at @nuri
β @thelionmeister, CEO at @yield_xyz
β Lewis Nurcombe, Chief Revenue Officer at @WalletConnect
β Oonagh van den Berg, Chief Evangelist at Tangos AI, Founder & CEO at RAW Compliance, and Founder at Virtual Risk Solutions
Theyβll debate the regulation, infrastructure and commercial choices shaping onchain finance, including what AI agents could change for merchants, financial products and compliance teams.
TheDePINCat ππ retweeted
This
TheDePINCat ππ retweeted
Tokenisation has momentum.
That's why it needs onchain standards.
Learn mroe about the 6 ERC standards we have proposed to ensure tokenisation is built on solid legal foundations π§΅π
Alternative headline: "98% of crypto assets held by @binance remain on Binance following record hack"
It's great that @BBCNews is covering crypto more but reporting should be correctly framed.
Source: @cz_binance π§΅π
Binance users withdraw billions after record crypto hack bbc.in/4iRugMa
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TheDePINCat ππ retweeted
The most profitable business in crypto, after the exchanges, is tokenisation.
Tether earned $5.96B on the reserves behind USDT. Circle earned $2.38B the same way. Tronβs $334M comes largely from moving those tokens around, and Skyβs $193M includes real-world asset yield.
Strip out trading fees, perps and launchpads and what remains is the industryβs one proven model for earning money from something outside itself.
That is why tokenisation is where attention has moved as the industry matures. A tokenised dollar was the easy case. Property, infrastructure and credit are harder, and they need shared standards before they scale.
We proposed 6 of them this year: kula.com/newsroom#announcemeβ¦
π¨ Binance says it has covered about 95% of the $6.3 billion stolen in last week's record hack, using its own treasury, its SAFU fund and its futures insurance fund. Withdrawals reopened on Nov. 1.
How does one exchange absorb a loss that size? Revenue.
Binance doesn't publish its accounts. CZ put annual revenue at around $5 billion in March, while Bloomberg estimates $10.7 billion for the 12 months to June. Either way, the hack equals roughly six to 15 months of income.
Here are crypto's biggest earners over the past year, and how they make their money:
Binance: $5Bβ$10.7B (est.). Trading fees, listings, Earn products
Tether: $5.96B. Interest on USDT reserves
Coinbase: $5.65B. Trading fees, USDC interest share, staking
Circle: $2.38B. Interest on USDC reserves
Hyperliquid: $663M. Perpetual futures trading fees
Tron: $334M. Network fees, mostly USDT transfers
Pump(dot)fun: $330M. Memecoin launch and trading fees
Grayscale: $197M. Fund management fees
Sky: $193M. Loan interest and real-world asset yield
GMGN: $158M. Trading app fees
The biggest money is in stablecoins and exchanges. Among onchain protocols, perpetual futures and memecoin launchpads lead.
TheDePINCat ππ retweeted
Itβs been a busy few weeks!
Name someone in the UK crypto community who has been doing great work to support the growth of the UK crypto industry.
We have some donuts for themπ©
TheDePINCat ππ retweeted
So much work has been done, yet so much more to do.
We are in a stronger position. But issues that can prevent full-scale adoption remain.
It takes a community to raise a family (and a technology), so join ours β standwithcrypto.org/gb
TheDePINCat ππ retweeted
Has your bank ever blocked or capped a payment to a crypto exchange?
We just published the evidence, but tell us where you land. Full report in commentsπ
61%Yes, blockedβ
18%Yes, cappedβ οΈ
18%No, it went throughβ
4%Never triedπ€·ββοΈ
28 votes β’ Final resultsBack at it π‘οΈπ
Crypto policy is moving in the UK and needs support from all political leanings.
A great discussion, set of policy ideas and questions from a Fabianist perspective.
Today I joined a policy discussion and debate on crypto hosted by @thefabians in London.
The session explored topics such as crypto regulation, crypto's good to wider society, and why the left has ceded ground on crypto in politics.
Full room. πΊ at The Buckingham Arms afterπ
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TheDePINCat ππ retweeted
You donβt have to have signed up to Stand with Crypto.
If you believe you should decide where your money goes, and the UK should be a global innovator, you're already one of us.
Find out how to get involvedπ‘οΈ standwithcrypto.org/gb
TheDePINCat ππ retweeted
Six million Britons hold crypto.
6 companies actively building in the industry sent the same message to the new Prime Minister this week.
Innovators from @Rektdrinks, @Flight3official, @Weaver_Labs, @animocabrands & @manc_web3 are showing their alignment with a message he already sent.
Clearer rules, faster licensing and better bank access would make Britain the best place in the world to build this.
We're ready to help deliver it, togetherπ‘οΈ
Prime Minister @andyburnham
Britain's crypto builders have a message for you. π‘οΈ
TheDePINCat ππ retweeted
We welcome this clarity from the Treasury on debanking.
Once firms are licensed under the new FCA crypto regime, the Government would not expect banks to restrict them simply for being in the sector.
We'll keep pushing for that expectation to include restrictions on fiat transfers to regulated exchanges, as well as account closures.
TheDePINCat ππ retweeted
β
KULA-72706 has passed, been confirmed by executive vote and executed on-chain.
All 6 of our Ethereum standards for titled assets, ERC-8325 to ERC-8330, are now in Last Call.
Last Call closes 19 Oct, after which they can move to Final. Thank you to everyone who voted.
Governance proposal KULA-72706 is now live, and it's one of the most significant votes we've put to the community.
Kula has developed 6 Ethereum standards for titled assets, ERC-8325 through ERC-8330, covering asset records, document bundles, transfer rules, compliance events, impact reporting and NAV reporting.
This vote decides whether all 6 move from Review to Last Call, Ethereum's final public review stage before Final status.
Quorum is 500 votes, so every $KULA holder counts. Vote here π
gov.kula.com/voting?proposalβ¦
π³οΈ
Governance proposal KULA-72706 is now live, and it's one of the most significant votes we've put to the community.
Kula has developed 6 Ethereum standards for titled assets, ERC-8325 through ERC-8330, covering asset records, document bundles, transfer rules, compliance events, impact reporting and NAV reporting.
This vote decides whether all 6 move from Review to Last Call, Ethereum's final public review stage before Final status.
Quorum is 500 votes, so every $KULA holder counts. Vote here π
gov.kula.com/voting?proposalβ¦
π¬π§π
Kula has joined the UK Wholesale Digital Markets Champion Industry Taskforce.
Working alongside organisations from across financial services, the Taskforce will help shape the future of wholesale digital markets in the UK, an effort projected to deliver up to Β£33 billion in annual economic output by 2035.
As the programme moves into its next phase, we look forward to supporting industry collaboration, advancing the Taskforce's recommendations, and helping drive adoption of the digital market infrastructure that will strengthen the UK's position in global digital finance.
Find out more about our contribution below π
kula.com/newsroom#announcemeβ¦
