A few stablecoin numbers from the last year at Coinbase: • ~$1T in stablecoin movement processed annually • ~$20B in USDC on platform • 160M agentic payments via x402

Love the bears 🐻 @bagdelete noper.daily.xyz/

Rothktown is here. Just minted #88. Congrats @raykimwon for this 🔥collection.

'bottom of society' last 2 edition available, tysm to @ashishmode and @f3ier for picking up one edition each ^^ transient.xyz/mint/bottom-of…

CLARITY is closer than ever. The bill is strong. It will benefit the American people by making the US financial system faster, cheaper and more accessible. It will also ensure that the US leads in the global race to build the next generation of our financial system. Huge thank you to the Senate, their staff, and 3.7m @standwithcrypto advocates for helping to get this legislation to where it is today. Mark it up.

The Digital Asset Market Clarity Act draft just dropped. Senate Banking Committee marks it up THIS Thursday. Here's everything you need to know 🧵

I need to be real with you all. I've gone back and forth about posting this but I can't stay quiet anymore. My 4 year old son has a severe neurological condition. He's non-verbal and autistic and requires constant specialized care. That alone turned our family's life upside down. We found treatments that are extremely promising but they're just out of reach right now. Then a few weeks ago, my 11 year old was diagnosed with Type 1 Diabetes. What was already the hardest chapter of our lives just got significantly harder. We have a 4 year old with intensive daily needs, an 11 year old whose health now requires around the clock management, and a 1 year old. There aren't enough hours in the day and there aren't enough of us. The art and design markets have been going through some serious changes and it's left us in the tightest financial spot we've ever been in. I'm not here for sympathy. I'm here because love and will do anything for them and have to exhaust every option I can. If you or anyone you know needs creative work, I have 15 years of experience across brand identity, creative direction, advertising, content, and AI art. I've worked with adidas, Nike, Google, Valentino, and many others. I'm ready to start immediately. If you love the art, I have a small curation of unminted new works and my PIECES drop is live on SR. I'm also very open to commissions. I've always tried to show up here with energy and positivity. Right now the most honest thing I feel I can do is show up with the truth instead. I'm going to get my sons the care they need and get my family to a place where we can all thrive. If you can help from any angle, please reach out. If you can RT, that matters too. DMs are open. 🙏

Major life hack: Don't complain, ever. Nobody likes a complainer. They drain the energy of everyone around them. It's exhausting spending time around someone who constantly complains about things outside their control. If it’s within your control, go do something about it. If it’s not, you’re just wasting energy thinking about it. Complaining gives too much power to the thing. Take back that power.

‚black box‘ & ‚crushn it‘ @0009ine

Minted 'Where Angels Fade' & 'Highway to Hell' by @pinkyprom1sed - 8/10 available on @TransientLabs

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

w̶a̷r̷ o̴f̵ t̴h̴e̸ w̶o̶r̵l̵d̴s̷ [remixed] with @m0dest___ / now live ↓

Clarity Act is now poised to accelerate the “Bretton Woods 3.0” framework that I’ve talked about. The yield “ban” is cosmetic & simply something for banks to tout as a victory. It bans stablecoins from paying you interest for just holding them: the way a savings account does. But it explicitly allows stablecoins to pay you rewards for using them: buying things, lending, providing liquidity, participating in any program.. Now consider that those rewards can be calculated based on how much you hold & for how long. I think that’s what we just call interest, but it will now be rebranded under a new name. So, the implications: - The fact that there is now a carve-out for stablecoin yield will accelerate the Bretton Woods 3.0 system. If the ban had been real (no yield in any form) there’s no reason for anyone to hold stablecoins over a bank account. Stablecoin adoption would flatline (especially in Developed Markets) & Bessent’s $3.7T target would be hard to achieve. This carve out keeps the incentive to hold stablecoins, which keeps the growth flywheel spinning. - CBDCs can’t compete. No central bank would design its digital currency to pay activity based rewards calculated by balance & duration (too close to monetary policy). However, dollar stablecoins can. So in every market where a CBDC competes against a $ stablecoin, the dollar product is economically superior. The Clarity Act now guarantees that advantage persists. - The dollar now goes global without permission. The new text allows platforms to pay incentives for payments, remittances, & settlement activity using stablecoins. That’s a subsidy for global dollar adoption funded by private companies (not taxpayers). Meanwhile, increasing Treasury demand in the background. For example, a Filipino worker now gets a rebate for sending remittances in USDC. There’s an additional incentive for him to now transact in stablecoins, which, unbeknownst to him, purchases American debt behind the scenes. A win-win for global stablecoin users & the American economy (fiscal situation). The compromise looks like a ban. But it’s actually a growth mandate. As I’ve stated, the US government needs stablecoins to scale because it needs someone to buy its debt. Bretton Woods 3.0

opensea.io/collection/proxie… 🔥🔥🔥

p̸r̵o̶x̷i̴e̸s̵?!..anyone else? @m0dest___

iykyk, dream catcher @pinkyprom1sed vaulted 🔒

amazing art, minted 3, still some left @RenAI_NFT testnets.8nap.art/collection…

Red Sea @raykimwon now in my forever vault 🔒