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2026-06-25 09:50
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Base set for ‘material share’ of SocialFi activity: Franklin Templeton | CoinGecko News | |
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Decentralized Social Networks: Vitalik Buterin’s Vision for 2026 | CoinGecko News | |
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Decentralized Social Networks: Vitalik Buterin’s Vision for 2026 |
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2026-01-21 08:29
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Vitalik Buterin Calls for Return to Decentralized Social, Warns Against ‘Corposlop’ Crypto Platforms | CoinGecko News | |
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Tanzeel AkhtarJournalist Tanzeel Akhtar Part of the Team Since Feb 2018 About Author Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin... Has Also Written Last updated: January 21, 2026 Ethereum’s co-founder Vitalik Buterin has renewed his push for decentralized social media arguing that competition — rather than engagement-maximising algorithms or speculative tokens — is essential to building healthier mass communication systems. In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ — vitalik.eth (@VitalikButerin) January 21, 2026 In a post on X, Buterin said he plans to be “fully back to decentralized social” in 2026, framing the shift as a response to deep structural problems in today’s dominant platforms. “If we want a better society, we need better mass communication tools,” he wrote, calling for systems that surface high-quality information, help people find points of agreement, and serve users’ long-term interests instead of optimising for short-term engagement. According to Buterin decentralization provides a starting point by allowing real competition. Shared data layers allow multiple clients to be built on top of the same social graph, reducing the power of any single interface or algorithm. “Decentralization is the way to enable that,” he said, arguing that choice at the client level is critical to improving online discourse. Buterin notes that his return to decentralized social is already underway. Since the start of the year, he said every post he has written or read has been accessed through Firefly, a multi-client interface that supports X, Lens, Farcaster and Bluesky. The experience, he suggested, highlights how decentralized tools can coexist with — and gradually pull attention away from — centralized platforms. Buterin was sharply critical of how many crypto-native social projects have evolved. Too often, he argued, teams mistake the addition of a speculative token for meaningful innovation. While combining money and social interaction is not inherently flawed — he cited Substack as an example of a system that successfully supports high-quality content — problems arise when platforms create price bubbles around creators instead of rewarding the content itself. Over the past decade, Buterin said, repeated attempts to financialise social influence have failed in predictable ways: rewarding pre-existing social capital rather than quality and ultimately collapsing as tokens trend toward zero. He dismissed claims that creating new markets and assets is automatically beneficial, describing such thinking as “galaxy-brained” rhetoric that masks a lack of genuine interest in improving information flow. “That is not Hayekian info-utopia,” he wrote. “That is corposlop.” For decentralized social to succeed, Buterin argued, it must be led by teams that care deeply about the social problem itself. He praises the Aave team’s stewardship of Lens to date and said he is optimistic about the project’s next phase, pointing to the incoming team’s long-standing interest in encrypted social communication. Buterin said he plans to post more actively on Lens this year and encouraged users to spend more time across Lens, Farcaster and the broader decentralized social ecosystem. The goal is to move beyond “a single global info warzone” and reopen a frontier where new and healthier forms of online interaction can emerge. |
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2026-06-25 06:40
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2026-01-21 11:00
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Vitalik Buterin Returns to Decentralized Social in 2026 | CoinGecko News | |
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He says traditional social media has too often prioritized short-term engagement over long-term user benefit. According to Buterin, building better mass communication tools is essential for a healthier society. These tools should surface quality information, highlight well-reasoned arguments, and help people find common ground. In his words, there is no single trick to solve these problems, but decentralization offers a strong starting point.The Pitfalls of Token-Driven Social Decentralized social relies on shared data layers that allow anyone to create their own client or interface. For Buterin, this approach fosters competition and innovation, rather than letting a few giant platforms control the conversation. Since the start of the year, he has been actively using Firefly, a multi-client platform that connects decentralized networks like Lens, Farcaster, Bluesky, and X. This allows him to read and post across multiple networks, demonstrating the potential of decentralized social tools to give users control and freedom in their online interactions. While crypto social projects have generated excitement, Buterin warns that simply adding a speculative token does not guarantee innovation. Over the past decade, many platforms have attempted to incentivize creators through token-based economies, but most have failed. These projects often reward users with pre-existing social influence rather than content quality, and the token values tend to collapse within a few years. In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ — vitalik.eth (@VitalikButerin) January 21, 2026 Substack provides a useful real-world example of a sustainable creator economy. It supports high-quality content by allowing users to subscribe to creators directly. Buterin emphasizes that the key difference is the focus on social value rather than speculative financial incentives. The lesson for decentralized social networks is clear: building meaningful communication tools must come first, while economic models should serve, not dominate, the platform. More About Vitalik Buterin Vitalik Buterin recently expressed stronger support for native rollups on Ethereum, noting that earlier concerns about their practicality have eased. Previously, he worried that native rollups had to choose between “zk mode” or “optimistic mode,” and immature ZK-EVMs made zero-knowledge mode unreliable. This forced L2s to favor slower withdrawals backed by Ethereum’s security, which could harm composability and encourage complex multisig bridges. I’m definitely more in favor of native rollups than before. Before a big reason why I was against, is that a native rollup precompile must either be used in “zk mode” or in “optimistic mode”, and ZK-EVMs were too immature for ZK mode, and so if we give L2s the choices “have 2-7… — vitalik.eth (@VitalikButerin) January 19, 2026 Now, timelines for Ethereum fully embracing ZK at L1 align with adding a native rollup precompile, solving that problem. Buterin also highlighted the importance of synchronous composability as a reason to adopt L2s and suggested approaches to integrate precompiles with new rollup features while maintaining flexibility and standardization. He emphasized the need for careful design to allow rollups to use native precompiles for EVM functions while supporting custom proofs for additional features. Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd. |
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2026-06-25 06:40
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2026-01-21 11:42
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Crypto Market Crash Today [Live] Updates : Trump Tariffs, Gold And Silver Price | CoinGecko News | |
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Crypto Market Crash Today [Live] Updates : Trump Tariffs, Gold And Silver Price |
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2026-06-25 06:40
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2026-01-21 12:16
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Vitalik Buterin Calls for Decentralized Social Media Renaissance in 2026 | CoinGecko News | |
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TLDR: Vitalik Buterin actively uses Firefly.social to post across X, Lens, Farcaster, and Bluesky simultaneously.Most crypto social projects failed by creating price bubbles instead of rewarding quality content creation. Lens protocol transitions to new leadership focused on encryption and privacy-first social features. Shared data layers enable competition through multiple clients building on common decentralized infrastructure. Vitalik Buterin ,Ethereum co-founder, suggested plans to prioritize decentralized social media platforms throughout 2026. He emphasized the need for better mass communication tools to build improved societies. Critique of Token-Driven Social Projects Buterin has maintained an active presence on decentralized platforms since early this year. He uses Firefly.social, a multi-client application that enables cross-platform engagement. The tool supports posting and reading across X, Lens, Farcaster, and Bluesky networks simultaneously. The crypto veteran delivered sharp criticism toward projects prioritizing speculation over substance. Many platforms integrated tokens without addressing fundamental social media problems. These initiatives created price bubbles around creators rather than fostering genuine content quality. Buterin compared failed crypto social experiments to Substack’s successful model. The newsletter platform demonstrates how monetary incentives can work when focused on subscriptions. In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ — vitalik.eth (@VitalikButerin) January 21, 2026 Token-based systems typically reward existing social capital instead of merit-based content creation. The pattern has repeated across numerous projects over the past decade. Speculative tokens eventually crash to zero within one or two years. Meanwhile, product development reveals little interest in helping users benefit from market-generated information. Path Forward Through Competition and Decentralization The Ethereum founder advocates for increased competition through shared data layers. This approach allows multiple clients to operate on common infrastructure. Users gain freedom to choose interfaces that serve long-term interests over engagement metrics. Buterin expressed optimism about the Lens protocol under new stewardship. The incoming team previously explored encrypted messaging features before decentralized social gained traction. Their technical background suggests genuine commitment to solving communication challenges rather than financial engineering. Farcaster represents another ecosystem receiving Buterin’s endorsement. Both platforms offer alternatives to centralized networks that function as information conflict zones. The shift enables experimentation with novel interaction models and community governance structures. He plans to increase activity on Lens throughout the year. The protocol received praise for the Aave team’s previous management. Transitioning leadership presents opportunities for renewed innovation focused on user experience and privacy features. Buterin called on the broader crypto community to explore these platforms. Moving beyond single-platform dominance creates space for diverse approaches to content moderation and discovery. Decentralized architecture prevents any single entity from controlling public discourse or implementing arbitrary policy changes. The vision centers on competition driving quality improvements. Better algorithms for surfacing valuable information and facilitating constructive dialogue require diverse teams pursuing different solutions. Shared protocols enable this experimentation without fragmenting user bases across incompatible networks. |
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2026-06-25 06:40
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2026-01-22 00:00
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DECRYPT: Ethereum's Vitalik Buterin Going All-In on Decentralized Social Media as Farcaster, Lens Change Hands | CoinGecko News | |
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In brief Ethereum founder Vitalik Buterin is committing to decentralized social media in 2026, encouraging others to explore the space more intentionally. His words come amid major shakeups in the ecosystem as both Lens Protocol and Farcaster found new owners in the last two days. Buterin insists the future of decentralized social media should be run by people focused on "social," and not speculative financial instruments. Ethereum founder Vitalik Buterin said he’s moving fully back to decentralized social media platforms in 2026, with his words coming right as the two biggest players in the space—Farcaster and Lens Protocol—have changed hands.In an X post, the outspoken founder highlighted the need for better mass communication tools, calling for a move beyond “everyone constantly tweeting inside a single global info warzone.” “We need mass communication tools that serve the user's long-term interest, not maximize short-term engagement,” said Buterin. “There is no simple trick that solves these problems. But there is one important place to start: more competition.” In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ — vitalik.eth (@VitalikButerin) January 21, 2026 “Decentralization is the way to enable that: a shared data layer, with anyone being able to build their own client on top,” he added. Buterin’s remarks came after Lens Protocol, the social platform built by the development team behind Ethereum DeFi protocol Aave, announced on Tuesday that Mask Network would “steward the next chapter” for the decentralized protocol. On Wednesday, Farcaster made a similar announcement, detailing that its protocol smart contracts, code, the Farcaster app, and its acquired token launchpad, Clanker, will all be transferred to Neynar—a longstanding Farcaster client and infrastructure firm. “This wasn’t an easy decision. Farcaster and the people building on it mean a lot to us," posted Farcaster co-founder Dan Romero on X. “We’re proud of what our team built, and what the community built alongside us. But after five years, it’s clear Farcaster needs a new approach and leadership to reach its full potential.” That new approach will come less than two years after the platform raised $150 million in a Series A which valued the company at $1 billion and sought to expand its active user base and developer primitives. Farcaster’s team recently said that it would pivot focus towards wallet development after the “social-first” approach failed to maintain momentum. While neither platform currently has a native token of its own, Buterin claims that most crypto social projects have inserted something speculative and considered it innovative. “Too often, we in crypto think that if you insert a speculative coin into something, that counts as ‘innovating,’ and moves the world forward,” he posted. The real focus though, he said, should be on solving for the actual social aspect of social media. “Decentralized social should be run by people who deeply believe in the ‘social’ part, and are motivated first and foremost by solving the problems of social,” Buterin added. For the new leaders of Lens, that means a focus on “consumer-grade execution, product design, and global distribution.” For Farcaster, it is a new “builder-focused vision” that is expected to be shared soon. In both instances, the original teams will step away from day-to-day operations. Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. |
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2026-06-25 06:40
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2026-01-22 00:00
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Ethereum's Vitalik Buterin Going All-In on Decentralized Social Media as Farcaster, Lens Change Hands | CoinGecko News | |
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Original source text
In brief Ethereum founder Vitalik Buterin is committing to decentralized social media in 2026, encouraging others to explore the space more intentionally. His words come amid major shakeups in the ecosystem as both Lens Protocol and Farcaster found new owners in the last two days. Buterin insists the future of decentralized social media should be run by people focused on "social," and not speculative financial instruments. Ethereum founder Vitalik Buterin said he’s moving fully back to decentralized social media platforms in 2026, with his words coming right as the two biggest players in the space—Farcaster and Lens Protocol—have changed hands.In an X post, the outspoken founder highlighted the need for better mass communication tools, calling for a move beyond “everyone constantly tweeting inside a single global info warzone.” “We need mass communication tools that serve the user's long-term interest, not maximize short-term engagement,” said Buterin. “There is no simple trick that solves these problems. But there is one important place to start: more competition.” In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ — vitalik.eth (@VitalikButerin) January 21, 2026 “Decentralization is the way to enable that: a shared data layer, with anyone being able to build their own client on top,” he added. Buterin’s remarks came after Lens Protocol, the social platform built by the development team behind Ethereum DeFi protocol Aave, announced on Tuesday that Mask Network would “steward the next chapter” for the decentralized protocol. On Wednesday, Farcaster made a similar announcement, detailing that its protocol smart contracts, code, the Farcaster app, and its acquired token launchpad, Clanker, will all be transferred to Neynar—a longstanding Farcaster client and infrastructure firm. “This wasn’t an easy decision. Farcaster and the people building on it mean a lot to us," posted Farcaster co-founder Dan Romero on X. “We’re proud of what our team built, and what the community built alongside us. But after five years, it’s clear Farcaster needs a new approach and leadership to reach its full potential.” That new approach will come less than two years after the platform raised $150 million in a Series A which valued the company at $1 billion and sought to expand its active user base and developer primitives. Farcaster’s team recently said that it would pivot focus towards wallet development after the “social-first” approach failed to maintain momentum. While neither platform currently has a native token of its own, Buterin claims that most crypto social projects have inserted something speculative and considered it innovative. “Too often, we in crypto think that if you insert a speculative coin into something, that counts as ‘innovating,’ and moves the world forward,” he posted. The real focus though, he said, should be on solving for the actual social aspect of social media. “Decentralized social should be run by people who deeply believe in the ‘social’ part, and are motivated first and foremost by solving the problems of social,” Buterin added. For the new leaders of Lens, that means a focus on “consumer-grade execution, product design, and global distribution.” For Farcaster, it is a new “builder-focused vision” that is expected to be shared soon. In both instances, the original teams will step away from day-to-day operations. Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. |
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2026-06-25 06:40
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2026-01-22 02:15
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Decentralized Social Media: Why Vitalik Buterin Prioritizes it by 2026 | CoinGecko News | |
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Decentralized Social Media: Why Vitalik Buterin Prioritizes it by 2026 |
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2026-06-25 06:40
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2026-01-22 19:05
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Ethereum’s Founder Abandons Traditional Platforms For Web3 | CoinGecko News | |
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Thu 22 Jan 2026 ▪ 4 min read ▪ by Luc Jose A.Summarize this article with: Faced with rising tensions around information control, Vitalik Buterin takes a stand. The Ethereum co-founder makes decentralized social networks his priority for 2026, calling for an open, interoperable model free from commercial logics. This choice marks a strategic and ideological turning point, supported by concrete actions and a frontal critique of dominant platforms. Buterin no longer just codes the Web’s infrastructure but now wants to rethink how we exchange, debate, and share online. In brief Vitalik Buterin announces he will exclusively adopt decentralized social networks starting this year. He will use Firefly, an interface gathering several protocols such as Lens, Farcaster and Bluesky. This choice is part of a desire to break with centralized platforms and their algorithmic logics. Buterin advocates an open social Web, where users keep control of their data and identities. Vitalik migrates to an interoperable social Web Vitalik Buterin has officially announced a radical redirection of his social activity for the year 2026, after revealing a few days earlier the major reforms to come for Ethereum. “In 2026, I will read and publish only via Firefly or other similar interfaces”, he announced, specifying that this decision is not a simple test but a definitive commitment. Firefly, developed by Mask Network, aggregates various Web3 social protocols such as Lens, Farcaster, X (formerly Twitter), and Bluesky. Its goal is to offer a unique interface built on shared and decentralized data layers, guaranteeing the user control over their posts, identity, and social graph. Through this initiative, the Ethereum co-founder seeks to challenge the dominant models of centralized social networks. He calls for a more modular, competitive social Web aligned with users’ interests. For him, future social platforms must rely on the following principles : Client interoperability : enabling users to freely navigate between different networks via common interfaces ; Data ownership : each individual keeps their credentials, content, and relationships, independently of the service used ; The plurality of social experiences : different interfaces can offer specific views, algorithms, or filters while sharing the same data foundation ; Reducing dependence on advertising logics : breaking away from economic models based on maximizing screen time. This statement fits into a general vision carried by Buterin since Ethereum’s beginnings : extending decentralization to all critical internet infrastructures, including those that govern the circulation of ideas and opinions. A critical reflection on SocialFi and new community dynamics Beyond his technical preferences, Vitalik Buterin also formulates a direct critique of so-called SocialFi platforms based on purely economic mechanisms. He believes these models, often based on speculative tokens, create incentives that degrade the quality of content and exchanges. “The engagement economy measured in tokens does not favor nuanced reasoning”, he writes, pointing out projects that prioritize virality over depth. Conversely, he cites Substack as a more balanced example, where subscriptions support quality content without turning every post into a financial asset. The limitations of existing models are not only ethical. Buterin also recalls the technical difficulties faced by social Web3 ecosystems in achieving mass adoption. Farcaster, recently acquired by Neynar, now counts more than 2 million sign-ups, while Lens, now managed by Mask Network, records about 506,000 users according to Dune Analytics data. Despite encouraging figures, these platforms still have to overcome significant challenges: identity interoperability, smooth user experience, and sustainable economic balance. By repositioning the debate on the social purposes of Web3, Vitalik Buterin reignites a strategic conversation about tomorrow’s digital architecture. His choice is not only personal or technological but refers to a political vision of communication infrastructure. The coming months will tell if other leaders in the sector follow this path. Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits. Join the program A A Lien copié Luc Jose A. Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche. DISCLAIMER The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions. |
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2026-06-25 06:40
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2026-01-23 07:41
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Vitalik: Firefly Can Address the "Network Effect" While Enhancing Social and Chat Experience | CoinGecko News | |
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**Vitalik Buterin Calls for Decentralized Social Media to Complement Twitter** On January 23rd, Ethereum co-founder Vitalik Buterin spoke at an event named Space, sharing his take on decentralized social media: “I used Farcaster extensively in 2023 and 2024. Recently, I’ve focused on decentralized social platforms for two key reasons. First, Twitter’s conversation quality is notably poor—it’s not fit to be the global hub for conversations, so we need more options. Second, the network effect: even if a new product has better algorithms and stronger privacy protections, it means nothing without users. Firefly solves this dilemma with two core features: it’s a decentralized social platform *and* a multi-platform gateway. It works as a Twitter or Farcaster client, letting users engage with decentralized social media without leaving Twitter. This fixes the network effect problem.”Relevant content BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable. BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite. 2 minutes ago Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment. Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market. 2 minutes ago Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high. According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%. 2 minutes ago A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million. According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million. 2 minutes ago JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade. JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear. 2 minutes ago Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023. The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%. 2 minutes ago |
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EU Targets TikTok Over Addictive Design, Could Face Major Fines | CoinGecko News | |
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Sat 07 Feb 2026 ▪ 4 min read ▪ by Ifeoluwa O.Summarize this article with: Social media platforms are designed to capture user attention, but when that design encourages prolonged, unconscious use, it raises serious concerns. The European Commission has provisionally determined that TikTok is in violation of the Digital Services Act due to features that can foster addictive behavior. This includes continuously loading video feeds, automatic video playback, frequent alert prompts, and highly tailored content suggestions, which could lead to regulatory action and possible financial penalties. In Brief The European Commission has identified TikTok’s features as potentially addictive and in breach of EU digital rules. The EU has called on TikTok to reform these features by reducing continuous engagement, introducing meaningful breaks, and adjusting content recommendations. Depending on the outcome, TikTok could face regulatory action and fines of up to 6% of its global annual revenue. TikTok Design Concerns The Commission noted that TikTok has not adequately identified or mitigated the risks tied to its platform design. Officials highlighted that the continuous delivery of videos can lead to extended usage without conscious control, affecting users’ overall health and daily functioning. People of all ages may be affected, though younger users, including teenagers and children, are considered especially at risk. Existing safeguards, such as screen-time limits and parental control options, were judged insufficient. Time-management tools are easily bypassed, while parental controls rely heavily on parents’ availability, technical knowledge, and active supervision, reducing their effectiveness. EU Calls on TikTok to Reform Platform and Protect Users The European Commission has called on TikTok to make changes to key parts of its platform, focusing on measures that can reduce excessive use and improve user control : Removing features that encourage users to stay on the app for long periods, such as continuously loading video feeds Introducing meaningful breaks in usage, including during nighttime, to help users manage their screen time Adjusting the content recommendation system to prevent continuous engagement and reduce prolonged viewing TikTok has been given the opportunity to respond to the EU’s findings, and depending on how the review proceeds, the company could face fines of up to 6% of its global annual revenue, potentially reaching billions. These observations are part of an ongoing investigation into TikTok’s compliance with the Digital Services Act, which was launched on 19 February 2024. Henna Virkkunen, Executive Vice-President for Tech Sovereignty, Security, and Democracy, highlighted the risks of social media overuse, noting that it can significantly impact the development of children and teenagers. She emphasized that Europe’s laws are designed to safeguard young users and protect all citizens in the online environment. Social media addiction can have detrimental effects on the developing minds of children and teens. The Digital Services Act makes platforms responsible for the effects they can have on their users. In Europe, we enforce our legislation to protect our children and our citizens online. Henna Virkkunen Global and Regional Regulatory Pressure TikTok has faced regulatory pressure in other regions as well. Within the EU, Ireland fined the platform €530 million last year for transferring user data to China. Outside Europe, in the United States, TikTok’s parent company, ByteDance, agreed under the Trump administration to establish a joint venture that would make the U.S. version of the app majority-owned by American investors. Reflecting these ongoing concerns about user safety and platform oversight, countries around the world are introducing age-based restrictions to protect younger users. Spain plans to block social media access for those under 16, while the UK is considering similar measures. Australia implemented a comparable rule in December 2025, and other nations, including France, Denmark, and Greece, are reviewing minimum age requirements for social media use. Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits. Join the program A A Lien copié Ifeoluwa O. Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses. DISCLAIMER The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions. |
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Decentralized Social Media Bluesky Announces $100 Million Series B Funding Round, Led by Bain Capital Crypto | CoinGecko News | |
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On March 20, TechCrunch reported that decentralized social media platform Bluesky has announced the completion of a $100 million Series B funding round. The round was led by Bain Capital Crypto, with participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, the Knight Foundation, and other investors. Reportedly, the funding closed in April 2025 but was not publicly disclosed prior to this announcement.Relevant content BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable. BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite. 2 minutes ago Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment. Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market. 2 minutes ago Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high. According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%. 2 minutes ago A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million. According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million. 2 minutes ago JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade. JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear. 2 minutes ago Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023. The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%. 2 minutes ago |
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Bluesky Secures $100M Series B Funding to Advance Decentralized Social Platform | CoinGecko News | |
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Key Highlights Table of ContentsKey Highlights$100M Investment Round Powers Decentralized Platform VisionExplosive User Adoption and Developer Ecosystem MomentumExecutive Transition Supports Innovation and Operational Focus Bluesky closes $100M Series B round to accelerate decentralized platform development. User base expands dramatically from 13M to 43M worldwide in recent months. AT Protocol ecosystem now supports more than 1,000 weekly active applications. Executive restructuring: Jay Graber becomes Chief Innovation Officer, Toni Schneider takes interim CEO role. Platform infrastructure now manages billions of public social records across decentralized network. The decentralized social media platform Bluesky has revealed a $100 million Series B funding round that was completed in April 2025. This substantial investment aims to fuel the company’s ambitious expansion plans and strengthen its open-source social networking infrastructure. The announcement comes as Bluesky experiences remarkable user adoption and prepares for its next growth chapter under revised leadership. $100M Investment Round Powers Decentralized Platform Vision Bluesky successfully completed its $100 million Series B financing in April 2025, with Bain Capital Crypto serving as the lead investor. The funding round attracted participation from multiple prominent investment firms including Alumni Ventures, Anthos Capital, Bloomberg Beta, Knight Foundation, and True Ventures. Throughout the past year, the company has strategically allocated these funds to expand its team and enhance its technical infrastructure. This capital injection enabled Bluesky to reinforce its systems to handle accelerating worldwide user demand. Additionally, the investment fuels ongoing development of the platform’s decentralized network foundation. Bluesky maintains its commitment to offering a viable decentralized alternative to conventional social media platforms. The ecosystem encompasses developers, third-party applications, and users all collaborating on common infrastructure. This architectural approach enables growth and innovation without depending on centralized governance structures. Explosive User Adoption and Developer Ecosystem Momentum Following its previous funding announcement in October 2024, Bluesky has witnessed extraordinary user acquisition. The platform’s worldwide user count surged from 13 million to surpass 43 million users in a matter of months. This rapid expansion demonstrates increasing market appetite for decentralized social networks and open identity frameworks. Simultaneously, Bluesky’s comprehensive “Atmosphere” ecosystem has grown substantially across various operational layers. The network currently powers more than 1,000 applications built on its protocol that remain active on a weekly basis. Software development kit downloads have climbed beyond 400,000 per month, indicating robust developer community participation. The platform’s network infrastructure now maintains approximately 20 billion public records distributed across its decentralized architecture. These records encompass user-generated posts, social interactions, and relationship connections. As a result, Bluesky has established a substantial and dynamic data foundation supporting its distributed network model. Executive Transition Supports Innovation and Operational Focus Bluesky has recently enacted significant leadership restructuring to align with its evolving strategic priorities. Company founder Jay Graber has moved into the position of Chief Innovation Officer to concentrate on protocol architecture and technical innovation. This organizational shift enables Bluesky to emphasize advancement of its fundamental infrastructure technology. Toni Schneider has stepped into the interim Chief Executive Officer position and will manage daily operations while the organization conducts a search for a permanent CEO. This leadership realignment coordinates executive responsibilities with the company’s ambitious growth trajectory and product roadmap. Bluesky began as an initiative launched by Jack Dorsey in 2019 while he led Twitter. The company achieved independence in 2021 and completed its full separation from Twitter in 2022. Since establishing autonomy, Bluesky has concentrated its efforts on developing an open, interoperable social networking framework. Oliver Dale Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected] |
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Decentralized Social Platform Bluesky Raises $100M to Scale AT Protocol Ecosystem | CoinGecko News | |
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Bluesky raised $100 million led by Bain Capital Crypto. Its user base grew to 43 million as the platform expands. Bluesky, a decentralized social media platform, announced that Bain Capital Crypto led a $100 million Series B funding round. Bluesky completed the funding round in April 2025, but only now has it become public.Strong Investor Support The Series B round had several important investors, such as Bloomberg Beta, the Knight Foundation, and Alumni Ventures. This shows that more and more people believe in Bluesky’s plan to build a decentralized social media network. Bluesky’s user base has grown significantly, from 13 million to over 43 million, and more developers and apps are joining the platform. Bluesky is not like regular social media apps. It is built on something called the AT Protocol, which allows users to control their data and easily move between different apps by keeping followers and identity across platforms. Unlike traditional platforms, no single company fully controls the network. Bluesky says that it will use the funding to grow its team and improve its platform by expanding its network. The business wants to make a social network that is open and gives users more power. Bluesky is becoming a big name indecentralized social media because it has a lot of money and is growing quickly. The $100 million investment is a big step forward for Bluesky’s growth. Highlighted Crypto News: FBI Issues Warning Over Fake ‘FBI Tokens’ on Tron Network |
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Bluesky Decentralized Social Platform Discloses Past $100M Series B Raise | CoinGecko News | |
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The raise was completed in April 2025, but is being disclosed now as the company gets a new CEO.Listen 0 0:00 0:00 Subscribe to Bankless or sign in Bluesky now confirms it raised $100M in Series B funding last April. The raise disclosure comes as the decentralized social media platform moves, "into a new era of leadership and further growth." What's the Scoop?Latest Raise: According to a press release, Bluesky raised $100M in April 2025 from a Series B round led by Bain Capital Crypto, with participation from Alumni Ventures, Anthos Capital, Bloomberg Beta, Knight Foundation and True Ventures.New Goals: According to Bluesky, "This new funding gives us the foundation upon which to build the future of the open social web without compromising our mission and values."User Growth: Since Bluesky announced its $15m Series A in October 2024, the social network has grown from 13M to 43M global users. Every week, people use "thousands" of apps built on Bluesky's AT Protocol – an open source toolbox for building social apps that can all talk to each other. Bluesky’s 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we’ve grown from 13 million to over 43 million global users. Bluesky 0 Written by Jack Inabinet 932 Articles • View all Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business. No Responses Search Bankless |
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Vitalik Backs Decentralized Social Media as Mask Network Takes Over Lens | CoinGecko News | |
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The Ethereum co-founder said he plans to post more on Lens this year and warned that many crypto social projects rely too heavily on tokens and hype.Ethereum co-founder Vitalik Buterin said he plans to focus more on decentralized social media in 2026, arguing that better communication tools are needed and that decentralization can help create more competition online. Buterin revealed in a post on X on Wednesday, Jan. 21, that he has already been using decentralized social tools this year through Firefly, a multi-client that supports reading and posting across platforms like X, Lens, Farcaster, and Bluesky. In his post, Buterin linked to an announcement from Lens Labs, which said Mask Network will become the new steward of Lens as the project shifts toward building more consumer-friendly social applications. “If we want a better society, we need better mass communication tools,” Buterin wrote. “We need mass communication tools that surface the best information and arguments and help people find points of agreement.” Buterin said decentralization can make social platforms more competitive by using a shared data layer, allowing different teams to build their own apps on the same network. He also warned that many crypto social projects have focused too heavily on tokens and hype. “Too often, we in crypto think that if you insert a speculative coin into something, that counts as ‘innovating’, and moves the world forward,” Buterin wrote. He cited Substack as an example of a model that can support high-quality content by letting users subscribe to creators. Lens Labs emphasized in its announcement that “what the ecosystem needs now is not more protocols, but great consumer experiences.” It added that Mask Network will lead the next phase of Lens and focus on building products meant for everyday users, while Lens Labs shifts into an advisory role. “In that role, we remain fully aligned with the mission to make open, scalable, user-owned social networks a core pillar of the future internet,” the announcement reads. Buterin concluded his post by encouraging users to spend more time on Lens, Farcaster, and the broader decentralized social ecosystem. “We need to move beyond everyone constantly tweeting inside a single global info warzone, and into a reopened frontier, where new and better forms of interaction become possible,” he added. MASK, the native token of the Mask Network, was trading around $0.60 on Wednesday, flat over the past 24 hours. Its market capitalization is about $60 million, according to CoinGecko. |
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Farcaster Decentralized Social Network Bought by Ecosystem Developer Neynar | CoinGecko News | |
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Neynar acquires Farcaster from Merkle as founders step back. The move follows Lens shifting to Mask Network amid a broader SocialFi reset.Listen 0 0:00 0:00 Subscribe to Bankless or sign in The Farcaster platform is being acquired by one of the network's top infra builders, – crypto startup Neynar. No terms were disclosed for the deal, which comes months after the Farcaster's founders announced they were pivoting the company away from its social app ambitions toward building its wallet app. The Ethereum-based protocol had been last valued at $1 billion. What's the Scoop?Ownership Transfer: Neynar will take over the Farcaster protocol, the Farcaster app, and Clanker, the Base-based AI token launchpad acquired by Farcaster last year. The transfer is expected to complete over the next few weeks.Founders Step Back: Dan Romero and Varun Srinivasan, former Coinbase executives who founded Farcaster parent company Merkle in 2020, had been shifting focus to a wallet app since December.Broader SocialFi Shift: The acquisition comes the day after Lens Protocol (from Aave) announced Mask Network would steward its future, and alongside Vitalik Buterin's pledge to fully return to decentralized social in 2026.Bankless Take:This week marks a clear turning point for decentralized social. With Lens moving to Mask Network and Farcaster to Neynar, both protocols are entering new chapters under teams focused on product utility over token speculation. Vitalik's recent post captures the shift well: too many crypto social projects have confused "creating price bubbles around creators" with innovation, rewarding existing social capital rather than content quality. Neynar's builder-first pitch particularly stands out to me given the parts of Farcaster which brought me the most joy was the culture of hobby software development that spurred a miniapp and vibe-coding craze mid last year.Whether these new stewards can solve decentralized social's distribution problem remains to be seen, but the pivot away from tokens being the prime export of these networks feels to be a necessary step. 0 Written by David Christopher 609 Articles • View all David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them. No Responses Search Bankless |
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EXE and REI Network Unite to Redefine Monetization in Decentralized Social Media | CoinGecko News | |
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Table of contentsEXE Official, a renowned Web3 SocialFi platform, has partnered with REI Network, an efficient, Ethereum-compatible L1 chain. The partnership aims to push forward the innovation in the Web3 SocialFi networks. As EXE Official revealed in its official social media announcement, the development is set to strengthen creators by offering true ownership on-chain, effective monetization opportunities, as well as community-led rewards. Hence, the joint effort shows a key endeavor to provide a scalable blockchain architecture to back decentralized social entities. We're thrilled to announce our strategic partnership with REI Network!@GXChainGlobal a Web3 SocialFi platform giving creators true on-chain ownership, direct monetization, and community-driven rewards. Big things are coming. Stay tuned. 🚀 pic.twitter.com/YtXXr9Daal — EXE Official (@PegaBankEXE) May 31, 2026 EXE and REI Network Alliance Empowers SocialFi with Direct Monetization and Rewards The partnership between EXE and REI Network revolves around the mutual vision of letting creators completely monetize and own their digital existence. With the EVM-compatible and lightweight framework of REI Network, the development offers access to gasless transfers, scalable infrastructure, and faster performance. So, the partnership underscores the rising significance of merging social connectivity and financial technology in the blockchain sector. With both entities showing commitment to innovation, this development denotes the commencement of a new epoch of creator-centered digital networks. Particularly, by leveraging REI Network’s EVM-compatible and smoothly working infrastructure, alongside the reward mechanisms and direct monetization, the creators can enjoy a seamless experience. These capabilities establish a resilient network, marked by the effective working of the creators without any restrictions that they face in conventional Web3 platforms. Connecting Infrastructure with Innovation for Long-Term Web3 Growth EXE Official deems this collaboration as a crucial move to advance infrastructure and bolster the wider Web3 adoption. With the integration of the SocialFi solutions of REI Network, the partnership connects user-focused innovation with the robust infrastructure. Overall, this synergy improves the creator economy while also fortifying the Web3 ecosystem with more inclusivity, sustainability, and efficiency. AUTHOR Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse. |
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Fusionist Combines Advanced Web3 AAA Game and Decentralized Social Infrastructure | CoinGecko News | |
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Fusionist (ACE) is a project that combines the advanced Web3 AAA game Fusionist with the decentralized game/social infrastructure layer Endurance. Endurance has been operating on its mainnet since January 2023, achieving significant growth with over 1.86 million token holder wallets and more than 100 million transactions. The ACE token is used for various purposes such as in-game spending, ecosystem participation, staking, and governance, and serves as gas for all transactions on the Endurance Blockchain. In this article, you can find answers to two frequently asked questions: What is Fusionist (ACE) and how to buy Fusionist (ACE) with TRY.What is Fusionist (ACE)?Fusionist is a Web3 AAA game and decentralized game/social infrastructure layer that combines an advanced blockchain game with a robust social platform. The project includes Fusionist, a high-quality game built by experienced gaming professionals using Unity and HDRP technologies to offer players an immersive and engaging experience. In addition to Fusionist, the project also includes Endurance, a decentralized gaming and social blockchain that has been live on the mainnet since January 2023. Fusionist offers a top-tier gaming experience designed by industry veterans to captivate and entertain users. The game leverages the latest technology to provide high-quality graphics and gameplay that appeal to both casual and hardcore gamers. The team behind Fusionist is dedicated to creating a diverse and rich gaming environment where players can fully immerse themselves in the virtual world. The decentralized gaming and social platform Endurance enhances the Fusionist experience by providing a comprehensive infrastructure layer. This layer includes various gaming and social features such as Expedition, Auction House, ACEdomain, and Beta testing. Since its launch, Endurance has achieved significant growth by bringing together over 1.86 million token holder wallets and surpassing 100 million transactions. This robust infrastructure allows users to find their preferred ways of gaming, socializing, and earning within the ecosystem. ACE token is the mainnet asset of the Endurance Blockchain and serves multiple purposes within the ecosystem. ACE can be used to purchase items, tournament tickets, and earn rewards within the game. The use of ACE is not limited to Fusionist, as it also encompasses new games developed by the Fusionist team and its partners. This broad application ensures that ACE remains a valuable asset for all participants in the ecosystem. Beyond in-game usage, the ACE token is an integral part of the broader Endurance ecosystem. Users can purchase goods and services across the platform, including social products and domain names. This extensive utility increases user engagement and fosters a vibrant, interconnected community. ACE tokens also play a crucial role in staking and governance, allowing holders to stake their tokens to secure the network and participate in governance decisions, thereby influencing the platform’s future direction. Finally, the ACE token is used as gas for all transactions on the Endurance Blockchain. This fundamental function ensures the smooth and efficient operation of the blockchain, facilitating millions of transactions and supporting the ecosystem’s growth. As Endurance continues to expand, the role of ACE as a transaction medium is expected to become increasingly vital, forming the foundation of the entire infrastructure. How to Buy Fusionist (ACE) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Fusionist (ACE). On Binance TR, where you can quickly create an account, you can trade over 100 cryptocurrencies, including ACE. To buy Fusionist (ACE) with TRY on Binance TR, you can follow the steps below. How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identification number. After entering the requested information completely and accurately, an email/SMS verification will be conducted to confirm and verify the information. After completing this process, you will proceed to the second step, which is identity verification (KYC). How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that need to be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website as well. On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” In the next step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS. When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue. Then a screen like the one below will appear. To continue with the verification process, first, select the document type that is suitable for you. After selecting the document type, you can continue by tapping on the “Upload Front Side” option. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable. Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible. After completing all these steps accurately and correctly, your identity verification process will be completed in a short time. How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account through all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts and perform transactions without interruption. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours. To deposit money into your Binance TR account, first, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu. Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option. In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST. After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet. How to Buy ACE Coin with TL on Binance TR?After the deposit process, you can proceed to the step of buying ACE coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website. After clicking on this option, the following page will open. By typing “ACE” in the search section on the right side of this page, you can go to the ACE/TRY option and go to the page for buying ACE with TL. Now the following ACE trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy ACE in the first box and the number of ACE you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ACE” button. What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com. Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR. Users supported by Binance TR with Binance’s core functions gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. |
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