Coinage Media

**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)

A Web3 media DAO is breaking new ground by offering co-ownership through NFTs on Ethereum, marking a significant shift in media ownership models. - The initiative features collaboration with @owocki to explore DAO structures - Aims to implement decentralization principles in media ownership - Calls for support from Ethereum ecosystem and Vitalik Buterin Recent developments show DAOs transforming traditional ownership models, with organizations like Bankless DAO leading the charge. Notable projects include: - Pfizer-backed DAO launching community-funded biotech - New frameworks for Web3 governance rewards - Initiatives for Web3 work social security *Community participation remains central to the project's vision*

THORChain, a leading decentralized swapping protocol, has implemented a significant token burning mechanism, burning 60M RUNE tokens to enhance lending capacity. Key developments: - Token value increased 30% over one month - TVL and usage metrics showing strong growth - Trading volumes reached all-time highs The protocol's strategic move aims to strengthen its position in cross-chain liquidity provision. Community members holding Coinage Caucus or Network NFTs can participate in voting for THORChain in the Crypto Project of the Year celebration.

Recent political forecasts suggest Republicans may secure control of the Senate, House, and presidency. According to Fundstrat analyst Sean Farrell, this potential shift could significantly impact cryptocurrency regulation: - Possible dismantling of current crypto regulatory framework - Increased probability of US considering Bitcoin for strategic reserves - Growing bipartisan support for crypto legislation *Note*: These projections are based on current polling and analysis, actual outcomes may vary.