New Single Check #11662 By: 0x4f75...b1e3 Day: 729 Editions: 4,866 Originals: 4,970

You can literally full port zec right now, hit a clean 10x, retire, and there’s nothing anyone can do about it This asymmetric only opportunity exists because the majority of people in crypto and aware of zec have lost most of their funds on 10/10 and after What’s stopping you?

This weekend we're going through every single Coinbase One Card post we can find. Just thought you should know.

New Composite of Checks Original #6404 By: snows.eth Day: 1191 Editions: 3,583 Originals: 5,360

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15 direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

This is about the integrity of decentralized finance. When a major investor tries to destroy the project's reputation, it threatens the trust of every holder. We cannot allow that.

Today, we are filing a lawsuit against Justin Sun for defamation. Sun has launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth. Here's the story.🧵

1 BAYC is now almost 2x Pudgy Penguins! Many of you are thinking: how is this possible? There are several reasons—and it’s not random that I’m pointing to this tweet from Figge, the new BAYC CEO. In this very tweet, one of his first after the announcement, he makes it clear: NFT holders—the club—are the priority and essential to the longevity of the business. A simple, humble message that clearly defines what matters—something many OG founders have lost while chasing a “web2-first” focus. 🫠 And it’s not just Pudgy—Azuki, Doodles, and others too. They’ve gaslit you into believing they don’t need you anymore, that it’s your fault for buying collectibles at those prices. But when it’s time to release a new product, you’re still their main revenue driver.😑 People understood this. That’s why OG PFP brands running the superfan model were in decline. But today, BAYC, through Figge, is signaling something different: we’re so freaking back!!!! And collectors are loving it. Massive volume on BAYC today because, finally, someone is saying: “We hear you. We value you. We’re building with you.” That’s the original promise of the NFT superfan model. For other brands, it’s not too late. You may have lost part of your community, but you can win it back, if you’re humble enough to learn from how newer NFT brands are operating in this cycle (GVC, Chimpers, Quirkies, etc.). As I mentioned before, I’ve spoken with the Pudgy Penguins team—feedback has been acknowledged and action is already underway. Today is a great day for BAYC, but an even greater day for NFTs. A rising tide lifts all boats. Ladies and gentlemen, you’re witnessing the NFT renaissance in real time. Don’t you want to be part of it?