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Bankless· 2025-08-12 18:45
Kwon to Plead Guilty; Crypto Moves Onhttps://t.co/cZYcKTSsZn ...
X @Bankless
Bankless· 2025-08-12 18:06
Legendary tech investor Peter Thiel doubles down on $ETHhttps://t.co/hVWHsM2Rf7 ...
X @Bankless
Bankless· 2025-08-12 13:23
Core Technology & Functionality - Spark leverages Statechains for fast and cheap offchain Bitcoin transactions, avoiding bridges and smart contracts [1] - It operates as a distributed ledger using a shared signing protocol, where funds are Bitcoin UTXOs and transfers delegate signing rights [1] - Spark uses BTKN, a tokenization scheme adapted from Lightning's LRC-20, for non-BTC assets, enabling minting, transferring, and burning without smart contracts [3] Security & Operation - Spark appears as multi-sig outputs on Bitcoin's mainnet, requiring co-signing from Spark Operators (SOs) and users for transfers [2] - Users create pre-signed exits for withdrawals in case of operator failure, with time locks and watchtowers preventing fraud, requiring only one honest operator [2] Ecosystem & Applications - Spark targets Bitcoin app builders with Wallet and Issuer SDKs, focusing on payments, with near-instant Spark-to-Spark transactions and Lightning bridging support [4] - Spark is in mainnet beta with operators like Lightspark and Flashnet, with early projects including wallets, stablecoin issuance, and Bitcoin payment apps [4][5] - The ecosystem treats BTC as digital cash, emphasizing self-custody and Lightning awareness for stable value on Bitcoin [4]
X @Bankless
Bankless· 2025-08-11 21:16
Crypto Policy & Regulation - Coin Center's Valkenburgh scores Trump's stance on crypto [1] - Discussion covers introduction to crypto policy [1] - Analysis of the Trump Administration's impact on crypto [1] - Examination of Congressional actions on crypto regulation [1] - Highlights optimism and bipartisanship in Congress regarding crypto [1] - Addresses pessimistic expectations surrounding crypto [1] - Notes challenges with crypto prosecutions [1] - Emphasizes the need for legislative clarity in the crypto space [1] - Raises concerns over financial privacy in the context of crypto [1] - Discusses the role of tax policy in crypto [1] - Explores the future of crypto liberty [1] - Concludes with a call to action related to crypto [1]
X @Bankless
Bankless· 2025-08-11 20:41
@coincenter @valkenburgh @realDonaldTrump Link to Peter's article https://t.co/PGqJAa3UKa ...
X @Bankless
Bankless· 2025-08-11 20:08
LIVE -- @coincenter's @valkenburghScoring @realDonaldTrump stance on crypto thus far!Join live here 👇https://t.co/hK0fWnFFTe ...
X @Bankless
Bankless· 2025-08-11 16:12
Overview of TaoFi and Bittensor Integration - TaoFi bridges Bittensor to EVM liquidity, enabling direct swaps of USDC, ETH, or USDT for subnet tokens on Base [1] - This integration utilizes Bittensor EVM, which is Ethereum-compatible code within Bittensor [1] - TaoFi's suite includes a TAO-backed stablecoin, liquid staked sTAO, the TaoFi Bridge, and TaoFi Swap [3] Mechanics of Subnet Token Acquisition - Swapping USDC on Base for subnet tokens involves bridging USDC to Bittensor EVM, swapping for TAO via Uniswap v3, and staking TAO in the subnet to receive subnet tokens [2] - Subnet tokens are held in a Hyperlane-powered interchain account, which is a remote smart wallet controlled via MetaMask [2] - These are native tokens from existing Bittensor pools, preserving emissions and avoiding liquidity bootstrapping issues [2] Investment Opportunities and Yields - Buying subnet tokens offers an APR of approximately 60-90% from day one [3] - Providing liquidity to the Uniswap v3 pool on Bittensor EVM (ETH/Tether auto-convert) earns trading fees and SN10 rewards, initially around 650% APR [3] Strategic Implications and Market Positioning - Launching on Base is strategic due to Base's position as an active Ethereum-linked speculative arena, potentially injecting significant liquidity into the subnet market if AI demand rises [4] - This bridge could tightly link Bittensor's AI ecosystem with Ethereum's liquidity network, despite early-stage fees [4] Usage Instructions - To swap, users connect their wallet on Base to taofi (dot) com, choose USDC, ETH, or Tether, select the subnet token, and execute the swap, which takes 1-2 minutes with approximately $6 in ETH gas fees [5]