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🔥 Harmony 2024: ONE Finality 🔥

Harmony is bringing “ONE Finality” with data sharding for 2024. Via calldata inscriptions and embedded wallets, users can manage token portfolios and web domains and AI bots without smart contracts. Imagine bridging native assets such as USDC for $0.05 in seconds, or rebalancing portfolio assets across chains, or auction content on top .country domains, or share restaurant recommendations with generative models – ALL onchain with ONE tokens!

Our mission is “to scale trust and create a radically fair economy”. Harmony’s driving toward 1-second, single-block finality. Our Shard 1 with low fees and high data availability is perfect for gaming or AI or social applications. With community tokens, multisig tools, game templates, Telegram bots, mobile apps – let’s help every ONE create in Harmony!

– Stephen Tse, Founder of Harmony

1. Earn $SWAP, $LEND, $BRIDGE, $STABLE

We look to introduce a suite of new tokens - $SWAP, $LEND, $BRIDGE, $STABLE. Each of these tokens will unlock different facets of decentralized finance. Launching Lend with $HOG will bring yet another decentralized finance primitive to Harmony. Our community will take center stage in governance, wielding influence over token dynamics to create a truly decentralized ecosystem. In 2024, we are continuing the development of a native stablecoin, $STABLE, a significant step towards fee-free financial stability.

2. Bridge BRC-20 & Multi-USDC

Our vision for an interconnected blockchain universe takes a significant stride with the expansion of our Minimal-On-Chain infrastructure. Integrating tooling similar to Multibit and Chainflip, Harmony sets a new benchmark in cross-chain interactions. With the release of this article we announce the launch of usdc.country, offering industry-leading speed and cost-effectiveness in transfers between USDC (Base) and ONE (Harmony), surpassing current bridging options. This, along with our successful BTC ↔ ONE flip proof-of-concept, underscores our commitment to leading the industry in efficiency and innovation in the year ahead, enabling seamless swaps without the need for signing contracts or bridging assets.

3. Inscribe .country for Auctions

The digital landscape is evolving, and Harmony is at the forefront with the .country domains. These domains are more than just digital real estate; they are gateways to innovative on-chain services and unique community engagements. In 2024, we look to add github template support, allowing even more customization for .country users. Governance within the .country ecosystem will also be a focus for the year, empowering our users with a voice and a stake in the decentralized web. We look to achieve a radically fair economy through the implementation of inscription auctions, which empower users with direct control over .country domains via inscriptions.

4. External Leaders & 1-Second Finality

In our pursuit of both efficiency and decentralization, we are setting a new benchmark with an innovative ONE finality: achieving transaction finality in a mere 1-second, within a single block. This breakthrough is complemented by our focus on Shard 1, where we offer low fees and high data availability — key factors that make it ideal for gaming, AI, social applications, and beyond. Moving into 2024, our commitment to improving decentralization alongside speed and scalability takes a significant leap. We are introducing a 0% internal voting power policy, paving the way for a governance model that is not only fair and transparent but also thoroughly community-driven. This balanced approach ensures that our technology stays at the forefront, driven by the very users it serves.

5. Embedded Wallets & Swaps

Our platform is enhancing the user experience with embedded wallets that ensure seamless and secure transactions. We are integrating innovative features like Robby for simplified transaction approvals and Privy for gated membership. Alongside this, the upcoming ONE App looks to enhance security and user experience as a minimal social wallet with simplified reloading processes, dynamic customization, and seamless integration. We are also exploring the potential of incorporating Argent X as a browser wallet and extending Argent Starknet to Android users, to broaden our platform's accessibility. Additionally, the integration of Account Abstraction operations within the ERC-4337 ecosystem ecosystem is under evaluation, which could significantly advance our wallet's functionality.

6. Game Demos & Templates

In the gaming arena, Harmony is breaking new ground. As we approach ONE finality, blockchain gaming emerges as a key sector poised to benefit early from this new infrastructure. Recognizing this, we are actively engaging with various projects and focusing our development efforts on expanding gaming applications within the Harmony protocol. While we continue to upgrade our protocol, jump into the web3 strategy game Knight & Peasants, join the Mars Colony community, embark on AnotherWorld’s treasure hunt, and more!

7. Telegram Bot & Voice AI

Our journey into AI-enhanced tooling is making significant strides. We've integrated OpenAI’s DALL-E and, soon, Whisper with 1Bot, bringing industry leading AI developments directly to the ONE user. The Whisper integration is further extended to Voice AI, offering a more intuitive and natural user experience. Additionally, we are exploring opportunities to incentivize social engagement through referral credits with $VOICE, and enable a rich vector store for locations, reviews, and curators with $MAP on 1Bot.

8. Recruit Developers & Partners

Harmony is on a global hunt for talent and partnerships. We are actively recruiting engineers in Palo Alto and across the West Coast, seeking bright minds and crazy ones to join our mission. We look to expand our collaboration with industry leaders like Dune, Gnosis, and Protofire. Alongside our expansion we look forward to re-engaging our loyal community, as seen in our recent efforts with Harmonauts, Harmony Punks, and others. For our own digital presence, keep an eye out for a fresh new look on our landing page and checkout our bridge, swap, lend, and more. In 2024 we look forward to continuing our partnership with Protofire, ensuring our platforms remain audited, hosted, and updated with top-notch user support.

9. Onboarding Quests for $SOUL

Finally, we plan to introduce a novel way to engage and reward our community with quests for $SOUL. Users can mint Soulbound NFTs and $SOUL tokens for accomplishing various milestones. These quests will span across our entire ecosystem, from bridging, swapping, gaming, lending, farming, all the way to using wallets, transferring from exchanges, and purchasing NFTs. $SOUL will be part of our effort to create a rewarding, all-encompassing blockchain experience within Harmony.

Our core mission at Harmony is to scale trust and create a radically fair economy. In 2024, we are integrating ONE Finality within our suite of features like multisig wallets, tokens, and calldata inscriptions. This synergy is designed to enhance user experience, enabling seamless and affordable transactions, such as USDC transfers at just $0.05. Our commitment to 1-second, single-block finality, combined with the advantages of Shard 1's low fees and high data availability, will bolster a wide range of applications from gaming to AI. We are excited to have our community on board as we forge a more efficient, inclusive, and interconnected Harmony ecosystem.

https://blog.harmony.one/p/harmony-2024-one-finality

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Ripple CEO on partnership with BNY to serve as custodian of stablecoin
00:01:12
Brad Garlinghouse In Washington 🚀

It’s time for a fair and open level playing field.

Under Gary Gensler it was quite the opposite.

  • Brad Garlinghouse
    July 9, 2025
00:01:56
More Of The Same...l

🚨 JUST IN: Patriot Tom Fitton, who has been fighting DOJ and FBI to release documents for years, has practically thrown in the towel.

👉 "The justice department and the FBI are irredeemably compromised and corrupted.
The leadership needs to understand that and act accordingly." ~Tom Fitton

00:01:30
👉 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

🎁 As of July 8th there have been 84 VERI SmartMetal NFT Activations (1.3%). With shipments ramping up, we witness the corresponding jump in activations.

Need help getting started? Check out our knowledge base to get the info you need: https://veridao.freshdesk.com/support/solutions/articles/51000487052-what-are-the-nft-activation-steps

👉Interested in which NFTs have been activated? Check them out here:
https://basescan.org/token/0x4516a5d613c30a36d157d3b579813734cbb929a4

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🚨BREAKING: The US House Committee on Financial Services says that next week the House will deliver on President Trump's call to make the US the "crypto capital of the world!

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Brinc Launches Web3 Accelerator with Octopus, XDC & IDA

Brinc Launches Web3 Accelerator with Octopus, XDC & IDA to Transform Hong Kong’s Loyalty and Payment Systems.

Read more: https://www.brinc.io/blog/brinc-launches-octopus-backed-web3-accelerator-program-to-revolutionize-hong-kongs-retail-loyalty-and-payment-ecosystem-with-xdc-and-ida-as-key-web3-infrastructure-partners/

🔗 Startups can apply from July 10

📅 Launching Sept 8

Learn more about the Web3 Accelerator program and apply now: https://www.brinc.io/stablecoin-accelerator/

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Musk Turns On Starlink to Save Iranians from Regime’s Internet Crackdown

Elon Musk, the world’s richest man and a visionary behind SpaceX, has flipped the switch on Starlink, delivering internet to Iranians amid a brutal regime crackdown.

This move comes on the heels of Israeli strikes targeting Iran’s nuclear facilities, as the Islamic Republic cuts off online access.

The former Department of Government Efficiency chief activated Starlink satellite internet service for Iranians on Saturday following the Islamic Republic's decision to impose nationwide internet restrictions.

As the Jerusalem Post reports, that the Islamic Republic’s Communications Ministry announced the move, stating, "In view of the special conditions of the country, temporary restrictions have been imposed on the country’s internet."

This action followed a series of Israeli attacks on Iranian targets.

Starlink, a SpaceX-developed satellite constellation, provides high-speed internet to regions with limited connectivity, such as remote areas or conflict zones.

Elizabeth MacDonald, a Fox News contributor, highlighted its impact, noting, "Elon Musk turning on Starlink for Iran in 2022 was a game changer. Starlink connects directly to SpaceX satellites, bypassing Iran’s ground infrastructure. That means even during government-imposed shutdowns or censorship, users can still get online, and reportedly more than 100,000 inside Iran are doing that."

During the 2022 "Woman, Life, Freedom" protests, Starlink enabled Iranians to communicate and share footage globally despite network blackouts," she added.

MacDonald also mentioned ongoing tests of "direct-to-cell" capabilities, which could allow smartphone connections without a dish, potentially expanding access and supporting free expression and protest coordination.

Musk confirmed the activation, noting on Saturday, "The beams are on."

This follows the regime’s internet shutdowns, which were triggered by Israeli military actions.

Adding to the tension, Israeli Prime Minister Benjamin Netanyahu addressed the Iranian people on Friday, urging resistance against the regime.

"Israel's fight is not against the Iranian people. Our fight is against the murderous Islamic regime that oppresses and impoverishes you,” he said.

Meanwhile, Reza Pahlavi, the exiled son of Iran’s last monarch, called on military and security forces to abandon the regime, accusing Supreme Leader Ayatollah Ali Khamenei in a Persian-language social media post of forcing Iranians into an unwanted war.

Starlink has been a beacon in other crises. Beyond Iran, Musk has leveraged Starlink to assist people during natural disasters and conflicts.

In the wake of hurricanes and earthquakes, Starlink has provided critical internet access to affected communities, enabling emergency communications and coordination.

Similarly, during the Ukraine-Russia conflict, Musk activated Starlink to support Ukrainian forces and civilians, ensuring they could maintain contact and access vital information under dire circumstances.

The genius entrepreneur, is throwing a lifeline to the oppressed in Iran, and the libs can’t stand it.

Conservative talk show host Mark Levin praised Musk’s action, reposting a message stating that Starlink would "reconnect the Iranian people with the internet and put the final nail in the coffin of the Iranian regime."

"God bless you, Elon. The Starlink beams are on in Iran!" Levin wrote.

Musk, who recently stepped down from leading the DOGE in the Trump administration, has apologized to President Trump for past criticisms, including his stance on the One Big Beautiful Bill.

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Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

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GENIUS Act lets State banks conduct some business nationwide. Regulators object

The Senate passed the GENIUS Act for stablecoins last week, but significant work remains before it becomes law. The House has a different bill, the STABLE Act, with notable differences that must be reconciled. State banking regulators have raised strong objections to a provision in the GENIUS Act that would allow state banks to operate nationwide without authorization from host states or a federal regulator.

The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

The Conference of State Bank Supervisors welcomed some changes in the GENIUS Act but remains adamantly opposed to this particular provision. In a statement, CSBS said:

“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

Evolution of nationwide authorization

Section 16 addresses several issues beyond stablecoins, including preventing a recurrence of the SEC’s SAB 121, which forced crypto assets held in custody onto balance sheets. However, the nationwide authorization subsection was added after the legislation cleared the Senate Banking Committee, with two significant modifications since then.

Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

However, the House STABLE Act takes a more permissive approach, allowing regulators to decide which non-stablecoin activities are permitted. If the House version prevails in reconciliation, it could result in a significant expansion of allowed nationwide banking activities beyond stablecoins.

Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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