This Week's UEV
D.O.G.E
AB updates are for informational purposes only. Do not construe any of the following as investment, financial, or other advice. You make your own decisions.
User Extractable Value (“UEV”) - Generating Utility Onchain
The leading sector has been memes. That’s what happens when the President-elect releases a statement with the word “Doge” in it. Then Elon uses his platform to amplify it. The higher Doge goes, the higher every other meme can. Bitcoin has been hitting all time highs while the rest of the market lags behind. This price movement is similar to 2020. Seems like everyday there has been positive news for the industry.
Matt Huang, co-founder of Paradigm, wrote a memo called Bitcoin for the Sovereign. He argues that the likelihood of nationstate adoption is now underpriced for Bitcoin. Comparing bitcoin to previous technologies, Matt argues that bitcoin is more like gun powder than the iPhone. You can survive with a flip phone. You can’t ignore cannons.
Bitwise acquired Attestant, an ethereum staking provider. It will be rebranded into Bitwise Onchain Solutions (“OS”). Does Bitwise OS foreshadow that Ethereum ETFs will have staking approved in the near future? Possible with a new SEC Commissioner. Adding a 2%+ yield would make the ETFs more attractive investments. The CEO of Bitwise is now calling for $500K Bitcoin. ETFs are seeing a lot of Boomer money.
Coinbase created the Coinbase 50 Index (COIN50) a benchmark that represents the top 50 assets on coinbase exchange. It will be market cap weighted and rebalance quarterly. Can this become an ETF or bought in brokerage accounts?
Tether launched Hadron, a platform design to make it simple to tokenize anything from financial assets to loyalty points to gold. It will manage the full life cycle for clients and abstract away the complexities of blockchain.
Binance released a study about onchain AI agents. They compare the traditional bots to this new iteration or “AI 2.0”. It dives into specific agents, the leading platforms, and the AI 1.0 to 2.0 trend. When does the number of bots onchain flip the number of humans? Blockchains don’t care who the users are as long as they pay.
Cheers,
Whitetail & Co
AB updates are for informational purposes only. Do not construe any of the following as investment, financial, or other advice. You make your own decisions.