Coinage Media

**Ethereum Foundation co-Executive Director Tomasz Stanczak** was featured in a detailed discussion about the upcoming **Fusaka upgrade** and its implications for ETH. Key highlights from the interview: - Deep dive into what the Fusaka upgrade will change for Ethereum - Insights from one of Ethereum's top leadership figures - Technical and strategic implications explored The **full interview is available** for those wanting comprehensive details on this significant network upgrade. [Watch the complete discussion](https://youtu.be/zMoavAd7FT8?si=Nxwg2uIweVxJuVCJ)

**MicroStrategy's Strategic Cash Move** Michael Saylor explained the company's $1.4B cash buffer using a creative metaphor: *"We're basically using a nuclear reactor to spin a generator to charge a battery."* **Key Points:** - The cash buffer serves **two different types of investors** - Saylor's spaceship analogy illustrates the company's Bitcoin strategy - This follows MicroStrategy's ongoing Bitcoin accumulation approach **Context:** - Company holds significant Bitcoin reserves - Strategy aims to balance different investor needs - Part of broader Bitcoin-focused corporate strategy The metaphor highlights how MicroStrategy uses Bitcoin as a power source to generate value for various stakeholder groups. [Read the full analysis](https://coinage.substack.com/p/is-bitcoin-bottoming-as-strategy)

Bitcoin appears to be finding support levels as fears surrounding MicroStrategy's leveraged Bitcoin strategy begin to subside. The cryptocurrency has shown resilience despite previous concerns about MSTR's potential impact on broader market stability. **Key developments:** - Bitcoin establishing potential bottom formation - Reduced anxiety over MicroStrategy's debt-funded Bitcoin purchases - Market sentiment shifting from extreme fear to cautious optimism The so-called "doom loop" scenario - where MSTR's stock decline could force Bitcoin sales, creating further downward pressure - appears less likely as both assets stabilize. **Market implications:** - Institutional Bitcoin exposure through MSTR remains significant - Correlation between MSTR stock and Bitcoin price continues - Broader crypto market watching for sustained recovery signals This development comes after weeks of volatility tied to concerns about leveraged corporate Bitcoin strategies and their potential systemic risks to the cryptocurrency market.

**SEC Chair Paul Atkins is advocating for broader access to capital markets**, stating that the current path to public ownership has become too narrow and costly. Key points from Atkins' push: - **Excessive regulations** create more friction than benefit - Current rules make public ownership **costlier and more burdensome** - Focus on **increasing access for all Americans** This aligns with previous statements about making the U.S. the **crypto capital of the world** through regulatory clarity and innovation-friendly oversight. The move signals a potential shift toward **harmonized digital asset regulation** and reduced barriers for companies seeking public markets.

**Terra founder Do Kwon formally apologized** to users who lost funds in the ecosystem collapse, asking a US court for no more than 5 years in prison. **Key developments:** - Kwon expressed deep regret: *"I am deeply sorry for letting down the many users... who put their faith in me"* - His legal team requested the 5-year limit so he can serve remaining time in South Korea near family - **Jump Trading relationship disclosed** - Kwon admitted failing to publicly reveal Jump's support during the 2021 UST de-peg crisis - Attorneys described Kwon as being in a *"loop of regret"* **What's next:** Kwon faces separate legal proceedings in South Korea after completing any US sentence. The court filing represents his attempt to minimize US prison time while acknowledging responsibility for the Terra ecosystem's collapse that wiped out billions in investor funds.

**Netflix co-founder Marc Randolph** joined Coinage for a live discussion about revolutionizing media through blockchain technology. The streaming session took place on **Zora**, marking another step in the intersection of traditional media and web3 platforms. - Randolph previously predicted the rise of the onchain creator economy in 2023 - The discussion focused on how blockchain could transform media distribution - Coinage continues positioning itself as a community-owned media organization This appearance builds on Randolph's earlier insights about **crypto meeting creativity**, suggesting established media figures are taking web3 seriously as the next frontier for content creation and distribution.

**Early investors bypass discount wait** Some community members have already contributed to the Coinage DAO Co-op without waiting for the upcoming 30% discount on $COINAGE token minting. **Current progress:** - 3.66 ETH already added to the Co-op treasury - Discounted mint opportunity still pending for next week - DAO proposal 25-018 previously approved the 30% discount structure **What's happening:** The Coinage DAO recently passed a proposal allowing Caucus membership NFT minting using $COINAGE tokens at a 30% discount. Despite this upcoming opportunity, some participants have chosen to contribute immediately rather than wait. This early activity suggests strong community interest in co-owning the media organization ahead of the official discounted minting period.

**Coinage validators manage ~$500M** in assets while their creator coin $COINAGE reaches $3M market cap on Zora. **Key developments:** - $COINAGE now available on Coinbase - Team hints at major announcement with "1 more day" countdown - Market cap grew from $2.6M to $3M recently - Caucus NFTs sold out on OpenSea **Membership pricing increases:** - 2023: 0.05 ETH - 2024: 0.12 ETH - 2025: 0.25 ETH The community-owned media organization suggests they're not satisfied with current performance despite significant growth. [Buy $COINAGE on Zora](https://zora.co/coin/base:0xaa69d7559092aa32a725005208b48595bcc32cad?referrer=0x230cd9380e93c080805fa12e8718f49485205721)

The Trump family's stablecoin **USD1** has achieved a remarkable milestone, crossing $2 billion in market capitalization in under 90 days. **Speed Comparison:** - Tether (USDT): 4 years to reach $2B - USD1: Less than 90 days This makes USD1 the **fastest-growing stablecoin in history**, raising questions about the factors driving its rapid adoption. The stablecoin's unprecedented growth trajectory has caught the attention of crypto analysts and investors alike. While Tether took years to establish its market position, USD1's acceleration suggests strong backing or unique market conditions. [Watch the full analysis](https://www.youtube.com/watch?v=TOvvE_jStkM) to understand what this development means for the American crypto landscape.

A prominent crypto analyst @HEDigitalAssets, known for accurately predicting the $OM token collapse, has issued a strong warning against reinvesting in the project. Key points: - Cites permanent reputation damage as main concern - Points to team incompetence as critical issue - OM token previously crashed over 90% - MANTRA team denied dumping allegations Read the full analysis in [Coinage's newsletter](https://coinage.substack.com/p/inside-cryptos-latest-5-billion-collapse) or watch the complete [interview on YouTube](https://youtu.be/mTv6EccOQjs)