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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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👇🏻 THETA PATENT PUBLISHED 1/4 👇🏻

#20240005350
👉- Edge Computing Platform Supported by Smart Contract Enabled Blockchain Network with Off-Chain Solution Verification

Credit to @StevensJoe11

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NATO: From Tanks To Tweets

From tonight's sub stream annotating the Rogan episode with receipts.

The World Does Need To See This Crap!

THEY are not giving up yet, The battle for worldwide FREEDOMS reign on!🐺🐑

00:02:26
🔥 Crypto-Saves-Lives 🔥

Still a skeptic? Watch the onchain effect of @Decaf_so, @StellarOrg,
@MoneyGram, and @circle in Colombia.

#Stellar #XLM

00:11:09
📚 Ripple's University Blockchain Research Initiative (UBRI) 📚

Championing blockchain research and development in academia is at the heart of Ripple's University Blockchain Research Initiative (UBRI).

With a mission to inspire and educate the next generation of blockchain builders, UBRI has supported:

⭐️ 1200+ research projects
📚 850+ courses
📍900 on-campus events
🔗 90 projects on the XRP Ledger
✅ 60 students hired

UBRI is empowering students and faculty to shape the future of blockchain technology. And we’re just getting started: https://ripple.com/impact/ubri/

00:02:59
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
🇪🇺 EUR Stablecoins surprised a lot in November 🇪🇺

🇪🇺 EUR Stablecoins surprised a lot in November with a result of €2.6b volume in month. This is a 160% increase from October and an 8626% increase from November 2023. This growth would not be possible if it weren't for @circle and its $EURC stablecoin.

About 62% of the total volume for November fell on $EURC on @base. The second is @Tether_to with its $EURt and 26% of the volume. And third were @Celo with their $cEUR - 7%.

From the interesting: In July 2024, @circle was granted a license under MiCA regulations, clarifying the regulatory framework. This allows Circle to offer stable coin services across the EU using MiCA's “passporting” feature, which allows cryptocurrency companies registered in one EU country to operate seamlessly in other countries.

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𝐍𝐄𝐖 𝐑𝐄𝐏𝐎𝐑𝐓: 𝐇𝐨𝐰 𝐭𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐖𝐞𝐚𝐩𝐨𝐧𝐢𝐳𝐞𝐝 𝐭𝐡𝐞 𝐁𝐚𝐧𝐤 𝐒𝐞𝐜𝐫𝐞𝐜𝐲 𝐀𝐜𝐭 𝐭𝐨 𝐒𝐩𝐲 𝐨𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧𝐬
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Crypto moving on up!💥

Preach it brother....

The most IMPORTANT thing I want you to get from this, is NOT that crypto is going to keep going up, It is MAKE YOUR MONEY WORK FOR YOU, WHEN ALL IS SAID AND DONE! Namasté 🙏

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December ‘24 Protocol Highlight: Stellar
$XLM is up over 5x in the last month. TVL is up 3x, and core fundamentals are up on Stellar.
 
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                                                   XLM vs TVL Chart Built Using Artemis

 

What is happening on Stellar, and what are real use cases?

How does activity look on Soroban, Stellar's smart contract platform launched in 2024?

Today, we highlight the Stellar as our protocol highlight.
We chat with Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation, on his journey into crypto, real use cases on Stellar. We also do a deep dive on Stellar and Soroban metrics thanks to @ElBarto_Crypto and @0xUltraviolence.
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Without further ado! Please welcome @rajachak75 the CBO at SDF.

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Raja! What is your story?
How did you get into crypto, and how did you end up working at SDF?
I’ve been in the fintech, payments, and insurance industries for two decades now. Prior to joining SDF, I led product partnerships and business development for Universal Access at Plaid, a leading financial data network company, built and scaled Root Enterprise with a focus on B2B solutions, and drove revenue growth and partnerships for PayPal’s North America business. I’m thrilled to now have the opportunity to leverage all that experience to lead and scale financial services and technology businesses to support the growth of the Stellar ecosystem.
What is the mission behind SDF? What attracted you to the mission?
Throughout my career, I’ve been driven by the goal of creating broad and equitable financial access through technology. SDF’s mission to create more equitable access to the global financial system by supporting the Stellarblockchain directly aligns with my goals to drive greater access through innovative technology. As the child of parents who immigrated from India, I saw firsthand the challenges they faced, from accessing affordable credit to sending money home. These experiences have fueled my passion to make financial services more inclusive and accessible.
How do real-world users use Stellar?
Can you share stories of people who have benefited from the Stellar network?
There are so many examples of real world users leveraging Stellar-based solutions to access financial services in ways they’ve never been able to before, from freelancers getting paid all over the world, to refugees receiving cash aid in Ukraine, to defi lending protocols that are helping power microfinance programs in new ways. One of the stories we highlighted most recently comes out of San Francisco, Colombia. ​​The Decaf app, built on Stellar, has transformed life for a community providing a safe, blockchain-based payment solution. This real-world application addressed a critical issue faced by entrepreneur Zac Borrowdale, who was shot while carrying cash to pay his workers. Utilizing Decaf and MoneyGram's on/off-ramps on the Stellar network, workers can now receive payments safely and cash out locally, eliminating dangerous cash transports. This solution has particularly empowered women in the workforce, contributing to the town's revitalization. I highly recommend taking 11 minutes out of your day to
watch the video: 
 
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What is the biggest misconception about  Stellar? What is crypto Twitter missing about Stellar?
Real world utility is something that SDF is very focused on. SDF’s goal is to create a more equitable global financial system that works for everyone, no matter where they live or what level of traditional financial services they may have access to. We believe that the best solutions to the problems people have are likely to come from within those communities. The Decaf use case in Colombia is a great example. The traditional financial system in Colombia created some real problems for Zac and his workers. Decaf is designed to solve those problems with communities like San Francisco, Colombia in mind. Product-market fit is so important for web3 technology and I think sometimes things get celebrated on crypto twitter that are not solutions for a problem that people have. If the goal is to grow adoption of blockchain technology, that technology needs to be solving problems for real people. At the Stellar Development Foundation, we are extremely outcome-oriented and we are looking for pragmatic solutions to difficult problems. We have a mission and are focused on that.
What are some interesting applications built on the Stellar smart contracts platform?
Why is the payment to DeFi integration so important with Blend?
Integrating new defi protocols like Blend with the payment infrastructure built over the last 10 years on the network is the Stellar ecosystem's superpower. Wallets and applications already serving users in global markets with global on and off-ramps can now plug into DeFi protocols and offer new opportunities like staking, lending, and borrowing while still being able to cash in and out without needing a bank account. This is what we mean when we give people access to "everyday financial services." To date, we’ve seen longtime Stellar project, ClickPesa, integrate with Blend to offer a new net offering, The ClickPesa Debt Fund, a platform for global investors to generate financial returns while supporting microloans for small and medium businesses in Tanzania. Meru, the one of the first wallets to directly integrate with Blend on Stellar, is seeing an exciting response to the now available new offerings. Giving the global majority access to savings, lending, borrowing, and more in a single application will change the game. It's never been easier to onboard users into DeFi.
What is the partnership with Moneygram like and why is that important?
We celebrated 2 years of MoneyGram Access, the first-of-its-kind cash-to-crypto solution, this year. It has been monumentally important in expanding what builders can do on Stellar, and who they can reach. When we launched this with MoneyGram, the goal was to solve the last mile problem that no other network had solved, and to expand the utility and use of digital assets by creating a seamless bridge between cash and crypto that allowed a new wave of users to access the digital economy (no bank account required). One of the most exciting things to me about rolling out a solution like this globally, is seeing how people use it in the real world. We started with 2 wallet integrations, and now 30 wallets have either integrated or are in the pipeline. Since launch, we’ve seen an average transaction size of about $480 dollars. The top cash in country is the US (also the top country for sending remittances), while the top cash out countries are Ukraine, Colombia, Mexico, Argentina (which are either developing/emerging economies or in Ukraine’s case, going through a rebuilding process). What we’re observing tracks with SDF’s thesis from the outset, which was that this solution is providing new utility for things like remittances, in small but meaningful amounts, in key markets. It also became the foundation for transformational solutions like Stellar Aid Assist and the Stellar Disbursement Platform. Now, with the Stellar smart contracts platform Soroban and cash-to-DeFi capabilities, we’ve entered a new phase of seeing what builders and users will do with this utility.
How does Stellar use or hope to use Artemis?
The Stellar integration with Artemis is about making blockchain data more accessible and meaningful. It's exciting for three key reasons: First, it gives us a clearer window into all the incredible activity happening on the Stellar network. Think of it as turning on the lights – suddenly we can better showcase the innovative projects and real-world solutions being built on Stellar. Second, it's a game-changer for analysis. Whether you're a researcher studying blockchain trends or a developer evaluating different platforms, Artemis makes it easier to understand how Stellar fits into the bigger picture of blockchain adoption and usage. Finally, and this is particularly cool, it democratizes access to Stellar data. By presenting the network data in Artemis's user-friendly "ez" table format, we're making it simpler for anyone in the Stellar ecosystem to conduct their own analysis and create reports. If you're already familiar with Artemis, you'll find it intuitive to start exploring Stellar data right away. Artemis isn't just about metrics – it's about transparency, understanding, and empowering the community with better tools to tell the Stellar story.

‍Key metrics: Stellar KPI Deep Dive vs Blockchains

👋 @ElBarto_Cryptohere, data scientist at Artemis. Today we do a deep dive on Stellar metrics versus other blockchains.Originally launched in 2016, Stellar has seen steady growth in the number of monthly operations. While activity on the chain dipped during the most recent bear market, it increased from 250mn monthly operations to 300mn monthly operations in November 2024.
 
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                                              Monthly Operations on Stellar Net using Artemis
 
A key advantage of Stellar is its low cost per transaction, making it ideal to perform payments on the network. Stellar consistently has one of the lowest average transaction costs across networks that Artemis tracks, and is similar to recently launched blockchains.
 
 
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                                          Stellar fees vs other chains via Artemis
 
Soroban is Stellar's smart contract platform that was announced in 2022 and launched on mainnet in 2024. To encourage users to build on it, the Stellar Development Foundation launched the $100M Soroban adoption fund to support developers building on the platform. Weekly transactions on the platform have spiked in November 2024, to around 10 - 14k per week.
 
 
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                                      Weekly Sorobon Transaction Count via Artemis
 
Stellar is a top blockchain for securitizing US Treasuries. Franklin Templeton first chose Stellar to tokenize one of its US treasury funds and it has grown to have over $400mn in assets under management. The fund ranks among the top 3 in assets under management and has steady growth throughout 2024.
 
 
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                                                      US Treasuries Gragh vi Artemis
 
Stablecoins, remittances, and payments are other key focus areas for Stellar. Through the “anchor” system which allows the blockchain to interact with traditional finance rails, over 40 million payments have been facilitated. Payment volume through the >100 anchors has increased since inception in 2021, averaging over 40,000 payments per day in 2024. Circle, the issuer of USDC and an early anchor has processed over $15B in payments volume.
 
 
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Nissan launches web3 rewards, as Nike, adidas take different NFT paths

More than two years have passed since the height of the non fungible token (NFT) boom. Yet Nissan has just announced plans for a new Japanese web3 loyalty program involving NFTs. While NFTs are way past their peak in Europe and the US, they are continuing to prove popular in Japan.

We’re speculating there are cultural reasons for this. Japan is home to the graphic novel and anime cartoons. The visual nature of NFTs is a good match and there’s a deep pool of content to leverage. Japan also has a culture rewards such as Yuutai, the practice where stockholders receive rewards. For example, airlines will provide shareholders with discounted flights. Hence, the combination of the visual nature of NFTs and rewards programs is a good fit in Japan.

Nissan Passport Beta is starting with an NFT lottery that will run until January 14, during which it will give away 5,523 membership NFTs. They’re divided into four types representing futuristic cars, performance cars, classic cars or ‘smart life’. The latter is for those that choose their transport based on practical preferences such as comfort. However, the lottery will allocate the memberships randomly.

In addition to cool pictures and a Discord community, users can earn badges based on activities ranging from posting pictures of cars on social media to providing feedback on the planned reward program. But the ultimate benefits are some attractive potential perks, such as test driving cars on a special course or the ability to take a spin in limited edition cars.

While Nissan is exploring a new program, Nike is shuttering one.

Nike and adidas take different web3 paths

Nike was one of the first brands to embrace web3 when it acquired RTFKT Studios in 2021. This week it announced plans to shut it down. “RTFKT isn’t ending. It’s becoming what it was always meant to be – an artifact of cultural revolution.” The creative brand was known for artistic sneakers and two NFT collections not directly associated with Nike – CloneX and MNLTH.

Data from 2022 showed it earned $185 million from initial NFT drops and royalties on re-sales. In late 2022 Nike also launched Web3 platform .SWOOSH which is still active.

Also this week, adidas announced its latest collaboration with the STEPN web3 app, which allows people to earn tokens for walking or jogging. The brands have previously made two joint NFT drops. Now they are doing a third, but this time for 1,200 co-branded physical running shoes. Two thirds will be raffled to genesis NFT holders, with the balance raffled to other NFT holders or via contests.

That’s another good example of a reward that fans of the brands will value.

 

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Coinbase exec publishes FDIC letters urging banks to halt or avoid crypto services
Paul Grewal stated that the letters, acquired through FOIA requests, prove that Operation Chokepoint 2.0 existed.

Coinbase chief legal officer Paul Grewal has disclosed letters from the Federal Deposit Insurance Corporation (FDIC) to banks throughout 2022, urging them to halt or avoid crypto-related activities.

The letters, which date back to March 11, 2022, have been dubbed “pause letters” due to their repeated recommendations to suspend or refrain from engaging in crypto services.

FDIC concerns

The FDIC letters cited various concerns, including the agency’s lack of clarity on regulatory requirements for crypto-related activities. One excerpt noted:

“At this time, the FDIC has not yet determined what, if any, regulatory fillings will be necessary for a bank to engage in this type of activity.”

Many sections of the documents were heavily redacted, potentially to protect the proprietary nature of the services or products discussed. The FDIC also emphasized the need for additional information about the banks’ crypto offerings to ensure they would operate “in a safe and sound manner.”

The letters further scrutinized the legal analysis conducted by banks regarding the permissibility of such activities under Part 362 of the FDIC Rules and Regulations, which governs insured state banks. This suggests that some state-chartered banks explored offering crypto-related services in 2022.

Operation Chokepoint 2.0

The release of these documents stems from Coinbase’s Freedom of Information Act (FOIA) request filed on Oct. 18, which sought clarity on an alleged 15% deposit cap imposed on crypto-friendly banks.

Grewal argued that the letters provide evidence of “Operation Chokepoint 2.0,” a purported effort by the Biden administration to stifle the crypto industry. He emphasized that the claims were not a conspiracy theory and criticized the FDIC for withholding significant information through redactions and releasing only a fraction of the relevant documents.

He called for the incoming US administration to reverse what he described as “politically motivated regulatory decisions.”

According to Grewal:

“The incoming administration has the opportunity to reverse so many poor crypto policy decisions, chief among them politically motivated regulatory decisions like Operation Chokepoint 2.0.”

Meanwhile, others in the industry also criticized the letters and raised further concerns about the involvement of the Federal Reserve, which is copied on many of the letters sent to banks.

Caitlin Long, CEO and founder of Custodia Bank, said the Fed’s mention in the letters is evidence that the pause letters were coordinated decisions. She also characterized the so-called pause letters as indefinite directives meant to discourage lawful crypto activities.

She said:

“These weren’t ‘pause letters’ bc the pause was indefinite. These were really ‘cease & desist’ letters cloaked in legalese…designed to crush law-abiding #crypto.”

The pause letters, spanning nearly two years and nine months, suggest a coordinated effort among regulators to limit banks’ participation in cryptocurrency-related activities. Critics argue that such measures undermine the industry’s ability to innovate and expand within the US financial system.

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