Hadley Stern

In the wake of today’s SEC Wells Notice to Robinhood, it is more ironic than ever that tradfi continues to look to crypto for inspiration. Great recent piece by Michael Bodley for Unchained Media Co. on indications that the New York Stock Exchange (NYSE) is looking toward 24/7 trading. While conventional wisdom might hold that the introduction of around-the-clock stock trading would come at the expense of crypto flows, I totally disagree. “It makes sense in this world where information is 24/7,” according to TRM Labs’ Ari Redbord “Why shouldn’t the stock market be one of those things? I do really believe that crypto has pushed that [narrative].” Redbord said NYSE’s explorations indicate that Wall Street is “adopting some of the promise of crypto,” pointing to an eventual market where “crypto and Wall Street not only coexist, but there’s an ecosystem of different types of assets that people engage with.” Similar to the bitcoin ETF wave, according to Redbord, those assets would merge traditional financial instruments with digital ones, creating new trading opportunities. “What we’re seeing is ‘Generation Crypto’ influence the traditional financial system in a really meaningful way,” he said. “This is what people today want … Through a Coinbase account or in their own self-hosted wallet, they want [crypto] 24/7, but they also want to be invested in the stock market. But they want to do it 24/7, on their own terms.” Some days are tough and the journey may be long and hard, but the future is bright and it is 24/7 #cryptoverse. https://lnkd.in/euup22Bi

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Stablecoins will be increasingly important, but not increasingly valuable monetarily. How do they differentiate? Risk profile, accessibility.... trust & utility. These are part of their operational platform, not the code. As legislation clarifies what US businesses can expect from these instruments, we move toward real-time decentralized value management. Aging terms will never be the same... eventually. When will smart contracts managing tokenized USD have their killer app moment?

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I think Crypto Briefing are confusing inside trading with a presale round, just for an excuse to talk about Tate. 🗣 “Bubblemaps revealed shocking insider trading around Andrew Tate’s DADDY token: Insiders purchased 30% of the token before they were promoted and are now holding over $45M worth. Similarly, 11 connected wallets bought 20% which is valued at $30M. Despite Tate holding 40% ($64M) without selling, this activity raises serious concerns about insider trading.” What are your thoughts on the matter?🔍🤔 #safety #stayinformed #crypto #cryptocurrency #currency #trading https://lnkd.in/dPf9EU9P

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Firms are being fined left and right for not monitoring social apps like What's App. See the article below. The only firm that makes this easy is our portfolio company, Archive Intel Get in touch with them and Larry Shumbres today to make sure you are compliant and stay out of harm's way!

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📒 Don't miss Solidus Labs recent analysis on the exploit that, according to the U.S. Department of Justice, put "the very integrity of the Ethereum blockchain" at risk! Read the full report below 👇🏻

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Every day I get more excited about Reality Defender! Deep Fake detection is THE emerging battleground in cyber. Check out this great interview with cofounder/CEO Ben Colman.

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Superb. SBF is spilling the beans. He has nothing to lose. When he is clear from all civil liability, he can start to make money from writing the insider story and movie where will talk about all those he paid off — or promised to pay off in the future. That may include journalists, politicians and regulators. After all, a bitcoin wallet is like the old numbered swiss bank account. Did he keep a little black book as to whom he paid off? We will just have to wait and see. — This conclusion will be no surprise to those who have read my book, "The Coinmen" ( https://lnkd.in/gWypmnHM ). #Bitcoin #crypto #BTC

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If you haven’t seen Amazon Prime’s hit series, The Boys, you’re missing some tough lessons for financial crime fighters. The show offers an irreverent and darkly comic look at a group of vigilantes taking down a private corporation pretending to be America’s saviors while covering up the terrible actions of their super idols. Those in financial crime and anti-money laundering can relate to this concept, even if their work involves fewer gory scenes. In the latest season, the protagonists struggle with their actions as they fight evil. By stooping to the villains’ bloody tactics, they question if they’ve lost something essential. This moral quandary mirrors a critical issue in our industry: Should we mirror our adversaries’ actions? In the UK, seven leading banks are collaborating with the National Crime Agency to share customer data to tackle criminal gangs, money laundering, and dirty money flowing through the country. This initiative is the largest of its kind worldwide, raising the question: What took so long? Money launderers, scam artists, and other financial criminals share information freely. They build online playbooks, write scripts for new scammers, and gather in encrypted group chats to exchange leaked credentials and coordinate fraud schemes. Information flows through them like a river. They have no secrets; they use information to harm our financial institutions and, ultimately, our citizens. While banks are bound by more red tape, they can still learn from criminals. Keeping information to ourselves is like holding onto a single puzzle piece and hoping to complete the picture. In order to beat the criminals, it may require us to think and act a little more like them.

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While there are clear benefits to Network Tokens, they aren’t quite a silver bullet… yet! I’ve seen merchants be hesitant to jump into Network Tokenization, waiting for more issuer adoption. I’ve seen merchants double down on how much they rely on network tokens. I’ve also seen many merchants maintain both Network Tokens and PANs, usually with the Network Token as a primary payment instrument. I’d expect different merchant types in different regions have seen various benefit’s through AB testing. Anyone in the industry have recommendations? And why can’t there be a silver bullet?! 😂 #payments #networktokens #tokenization

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Today the Federal Trade Commission issued a consumer alert on romance induced crypto-related scams. The engaging and well written alert by Colleen Tressler of the Division of Consumer and Business Education explains: "No one thinks their online love interest is going to scam them, but scammers are good at what they do. They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example. But that online love interest is a scammer. People have lost tens of thousands ― sometimes millions — of dollars to romance scammers." Here is the full consumer alert 👇 Kudos to the FTC for including helpful red flags 🚩 It all starts with someone contacting you — seemingly at random — on social media. But they’ve done their homework, checking out your profile and other information on the platform. That helps them say the right things to build a relationship…and before you know it, your new friend is talking money. They want to help you invest your money in the crypto markets, or they say they can teach you how to do it. You might think they have your financial well-being in mind, but they don’t. They only care about their own financial well-being. No matter what they say, if someone you meet online says they want to help you invest in cryptocurrency, it’s an investment scam. Know this: 🚩 Scammers promise big profits. They might say they’ve made money this way before and that you will too, but it’s a lie. No one can guarantee profits in any investment. 🚩 Scammers say there’s no risk. But all investments have risks, including investments in the crypto markets. 🚩 Scammers say they can help you learn to invest. They’ll say they can teach you investment tricks, but they’re really leading you to a scam investment opportunity. You will lose the money you “invest.” 🚩 Scammers tell you how to send the money. Scammers want your money quickly, so they’ll steer you to gift cards, payment apps like Apple Pay, CashApp, PayPal, and Zelle, money wiring companies, or even crypto. But only scammers insist you send money this way.    📢 If you think someone you met on social media is a scammer, cut off contact. Tell the social media platform, and then tell the FTC at ReportFraud.ftc.gov. They even included this social media savvy language! "Share this post in your socials to alert your followers of this scam." 👏

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On incentivizing #failure On the ChainCraft Games stream today on #SankoTV with Eric Wood, CSP & Ryan Beltrán, talking about the role of #blockchain tech in making #indiedevelopers & #AAA publishers less risk-averse & trepidatious about TRYING things, by using #generativeAI as an accelerant in product #iteration , and letting those developers maximize their chance of extracting more longterm value out of their sweat equity than experience/learnings alone. Most great games that hit are 90% familiar 10% innovation, and often they aren't the FIRST to try something (also most games don't "succeed"). What if we provided a win-win for both those who tried and failed, and those who want to try in a different way, faster, by remixing those past failures off a #marketplace ? What if we could incentivize that "failure," turning it on its head and actually increasing willingness to take shots on goal, as my buddy Jamy would say. What if that novel mechanic you devised in your game, still made you money in the long run because there are a billion reasons why a game won't reach market, and often few of them are directly related to the cogency of THAT specific implementation of that mechanic, at that moment, pitched by that person in front of that stakeholder etc. etc. As Xin would say, how many miracles are you trying to pull off in one go? Game devs, and particularly indie devs, are highstacking those miracle attempts :) Also unintentional shoutout to #balatro which has been my OBS background for the last few days 😆 #gamedevelopment #ai #middleware #gamedevtools #usergeneratedcontent #gamesindustry #web3 #decentralization

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The latest NFT developments this week include: Christie's announcing an exclusive auction for the 1/1 inscription from Rutherford Chang's Ordinals project. This marks a significant milestone for the Ordinals protocol, which has been a topic of debate in the NFT community. In the NFT gaming space, MetalCore is gearing up for the launch of its $MCG token, while Second World Games has launched a fantasy league and raised $3 million. Additionally, Dookey Dash: Unclogged is now officially live in six countries. The NFT community has been discussing Claire Silver's call for royalty reform, which has led to a split in opinions. Meanwhile, Yuga Labs faced backlash and aborted their 'Super Punk World' NFT auction. On the positive side, the Vatican Library has adopted NFTs to preserve its manuscript collection, and Doodles' Stoodio has moved to Base and launched an open-edition NFT mint. Additionally, Wu-Tang Clan's exclusive 'Shaolin' album is now available for $1 as an NFT. Overall, the NFT market continues to evolve, with both positive and controversial developments occurring this week. Citations: [1] https://nftnow.com [2] https://nftplazas.com [3] https://lnkd.in/d9ZjQuz8 [4] https://lnkd.in/d2i3qpzp [5] https://lnkd.in/dfrPNKrY #NFT #NFTCommunity #TechnologyNews

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Further dollarization is via stablecoins is a good thing for the US (one the US government seems to be fighting against by pushing companies off-shore), but I still liked the original vision of Diem with a basket-based global stablecoin. Interestingly, it's the same concept used by the IMF for the SDR: https://lnkd.in/eERkbM_w There is even a published spot rate for it. https://lnkd.in/eHjdQkT8 https://lnkd.in/e8sdnvtE

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Is the U.S. Securities and Exchange Commission targeting Ethereum in an attempt to protect the vested interest of the traditional finance system? According to Ethereum co-founder Joseph Lubin, the SEC is intentionally hindering innovation, which threatens the country’s existing financial landscape. Speaking at FT Live’s Crypto and Digital Asset summit in London, Lubin unpacked Consensys’s decision to sue the SEC after receiving a Wells notice from the U.S. securities regulator. “The SEC appears to have reclassified Ether as a security without telling anybody that that’s the case. They are going about a strategic series of enforcement actions rather than open discourse and clear rulemaking,” Lubin said. The CEO of Consensys — which developed the MetaMask wallet — said the enforcement actions intend to create fear, uncertainty and doubt for the cryptocurrency industry “in an attempt to paralyze” and force the company offshore. Lubin also speculated that the prospect of the banking industry's customers moving assets into digital forms using decentralized finance constructs could scare many banks and other financial institutions. “The SEC probably doesn’t want to see a wave of innovation that will really transform the landscape," he said. Here's my full article on Cointelegraph. It was a pleasure to attend FT Live's Crypto and Digital Assets summit in London this week. #cryptocurrencynews #ethereum #ethereumnews #ethetfs #SEC #regulation #securitiesnews

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https://lnkd.in/ggrHtW5j The lawsuit filed by Brian Frye and Jonathan Mann against the SEC is a significant development in the NFT space, with potential ramifications for artists and platforms like Cur8.io. The legal challenge seeks judicial clarification on whether the SEC has authority over NFTs, aiming to determine if artists need to register their NFTs and disclose associated risks under U.S. securities laws. The outcome could provide crucial guidance on the regulatory landscape for NFTs, directly impacting how artists create, sell, and promote their digital art.

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Earning with Stablecoins in the TON Ecosystem (Part 1) Latest Update as of June 11, 2024 (https://lnkd.in/e-4UK6P5) I've never been full of love and admiration for the TON network, largely due to the lingering disappointment from the ICO era of 2017-2019, when 99% of projects failed to deliver on their promises to small investors. Telegram official Wallet (specifically its CeFI component) offers an opportunity to earn 50% annual interest for the first 2 weeks and 25% for the following 2 weeks. Restrictions: 1️⃣ KYC Requirement: Prepare your passport or driver's license; it will take SumSub about two hours to review them. 2️⃣ Maximum Deposit: 3000 USDT. 3️⃣ Rewards: Paid in TON, with a minimum withdrawal amount of 1 TON (equivalent to $7). 4️⃣ Minimum Deposit: $240 (since earning 1 TON is required to make a withdrawal). 🎁 Maximum Profit Calculation: With a deposit of 3000 USDT, the potential earnings are: $86.53 = 3000 * 0.5 / 52 * 2 + 3000 * 0.25 / 52 * 2 #ton #ton_wallet

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📰 Sharing this interview with Anthony Scaramucci by Jennifer Sanasie on CoinDesk. It offers a candid reflection and reminds us that life presents two paths: authenticity or disassociation. 🤗 The authentic path values honesty and integrity, demanding courage, especially when others try to dim our light. This path isn't always easy, but it leads to genuine connections and a deep sense of self-worth. 😑 The other path belongs to "Hiders" – people who've lost touch with their true selves, wearing masks to navigate the world. They dodge responsibility, deflect blame, and constantly rewrite their own stories to avoid facing reality. Their lives are a shifting landscape of half-truths, evasions, and then silence. ☑ Anthony's Key Points & Takeaways: Get in Front: When something bad happens, get out there early, talk to people covering your industry, or go on the air and explain it. Live with Integrity: Anthony spent four and a half hours with the Department of Justice, proving his innocence. Integrity is crucial. Stay Committed: If you're committed to something and believe in it, stay with it. You can be remarkably rewarded for staying strong. 🔮 Anthony also points out the political malpractice on the part of the Democrats for ceding crypto regulation to Elizabeth Warren and Gary Gensler, which has been a disaster. "There are bad actors in every industry – be it pharmaceuticals, medicine, or law. Regulation should focus on preventing bad actions and protecting investors, not on enforcement without guidelines." I agree with Anthony when he says that with 50 million or so people owning crypto, many could be one-issue voters. "The Democrats have made a horrific mistake here. They could have been neutral or positive on crypto, and it would have helped them in the election". As Charles de Gaulle once said, "There are graveyards filled with men who once thought they were indispensable." Anthony believes it's now President Trump's election to lose. In today's world, where transparency and trust are lacking this interview is a powerful reminder of the value of living authentically and with integrity. 🙏 Alex Cahana, MD Brian J. Esposito Denys Troyak Richard Streitz Chris Griffin Renee Pina-Houston Eric Solis Mathew Harrowing Austin Przybysz Michael McBride #satoshi #LifeLessons #Integrity #Authenticity #Crypto #CoinDesk

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