Michael Cutler

So we have had #stablecoin regulation in #Japan since mid-2023, the first one has launched, and the field of those starting preparation is getting packed. These announcements are great for publicity, but expect that the actual launch is about nine to twelve months out for players like Nomura/Laser Digital and GMO Internet Group, Inc. who are starting now. ICYMI, here are some previous announcements: 🔹 Japan’s first deposit-type stablecoin “Tochika” has been launched (HOKKOKU FINANCIAL HOLDINGS & Digital Platformer 株式会社): https://lnkd.in/gMZRcVgr 🔹 Sony Bank plans stablecoin proof-of-concept with Polygon Labs and SettleMint: https://lnkd.in/gBjaSRZY 🔹 JPYC.Inc., MUFG Trust Bank, and #Progmat study stablecoin issuance: https://lnkd.in/gZAzv__U 🔹 Mitsubishi UFJ Trust & Banking and Binance explore stablecoin issuance: https://lnkd.in/gHJWKeWS 🔹 Ginco Inc's stablecoin experiment with Mitsubishi UFJ Trust Bank & Progmat: https://lnkd.in/gP5TCUXB 🔹 Joint Study between Deposit-Based and Money Transfer-Based Stablecoins: https://lnkd.in/gfRUiH-B 🔹 Japan’s Regulatory Framework for Crypto-assets and Stablecoins: https://lnkd.in/geXxnKed 👉 Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here: https://lnkd.in/gNjUuSxG

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Integrating web3 technologies, such as defi and smart contracts, further amplifies trading AI bots potential, fostering greater transparency and security in trading activities, argues Jonas Dovydaitis. https://lnkd.in/g88dmERx

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#𝐅𝐢𝐧𝐓𝐞𝐜𝐡𝐍𝐞𝐰𝐬𝐎𝐟𝐓𝐡𝐞𝐃𝐚𝐲: QuantVue Releases Automated Trading Package For Monitoring The Success Of Proprietary Firms https://lnkd.in/gF7vUup5

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#TheLatium - Unlocking The Power of Asset Tokenization with S. Alice Chen #Tokenization #Blockchain #DigitalAssets #Finance #Ethereum #DLT #Web3 #SmartContracts #FinancialInnovation #DeFi This clip is part of the #capitalcurrents series jointly produced by DigiJanus and Singapore FinTech Association (SFA)

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The future of finance is increasingly decentralized, and for novices, entering this new territory equipped with a comprehensive education in defi is not just beneficial; it's imperative, argues Tan Gera, CFA https://lnkd.in/g_ePbf7R

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[News] The massive DeepSeek V3 rivals many of the latest openly available models DeepSeek, a Chinese AI firm backed by quantitative hedge fund High-Flyer, recently released DeepSeek V3, a model available for commercial and non-commercial applications. DeepSeek V3 displays competitive performance that approaches recent models and is particularly proficient in coding. Read more 👉 https://lnkd.in/g7Jx4eTa ------------- Have exciting news? Share your story with the AI & Data world today -> https://lnkd.in/gTnXdqu8

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🚀 Real Adoption of RWA Tokenization Continues.. Deutsche Bank announced plans to explore #tokenization on public blockchains in collaboration with the Monetary Authority of Singapore (MAS) and will soon offer services for tokenized assets and digital funds. The bank aims to propose protocol standards and identify best practices in this domain. 💁‍♀️ Alongside MAS, regulators from the UK (FCA), Switzerland (FINMA), and Japan (FSA) are also involved in this initiative. The Southeast Asia region is emerging as a new frontier in asset servicing, well-positioned to drive industry progress by anticipating and exceeding clients’ needs. Tokenization is inevitable ❗ #rwa #tokenization #digitalassets #blockchain

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🚨Just dropped: our latest research piece by Robert Koschig on Evaluating Token Economics for DePINs, a cost estimation: https://lnkd.in/gbBBJ8-p DePINs have received considerable attention from builders and investors alike over the last year. But understanding costs involved in running these networks is an all-too-often overlooked part of the DePIN puzzle. DePINs rely on the participation of nodes to secure the operations of their networks. These nodes are incentivized to participate via token reward emissions. If nodes operate at a loss, overall network supply may decrease, thus posing a risk to the network. Knowing the cost of operating a DePIN network and its largest drivers can equip network stewards to kickstart governance discussions prior to the supply of network services degrading, which is why this research is critical. Our framework for evaluating cost estimations of running nodes involves three steps: 1. Define networks contributors, which can be mapped to specific roles 2. Identify the cost components associated with node operations 3. Consider differences in cost structures when deriving an estimate The report dives comprehensively into each step, outlining all the factors that should be considered at each stage. It then dives into several case studies from across the DePIN landscape, illustrating how to apply the research on a practical level. This research wouldn't have been possible without valuable contributions from leaders across the DePIN ecosystem. Whether they participated directly in the research or have been a consistent thought partner of ours, we would like to personally thank the following: Diana Biggs, Christopher Heymann, Mihai Grigore, PhD, Raullen R, Nodies, Grove , POKT Network, DIMO, Livepeer. Please reach out to Robert Koschig for any feedback or to inquire about collaborating on future research. ✨

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#DeFi's evolution: Fragmented solutions are giving way to a more interconnected ecosystem. Join Ed Zuo, Vu Nguyen, Ran Yi, Mikhil Pandey, Kris Lai and [mod] Andy Cho at the "How is DeFi re-innovating itself?" panel to discover how composable protocols and interoperability are unlocking new possibilities for DeFi. 🎟️ https://lnkd.in/gkRnzz-g

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Capitalizing on market inefficiencies by trading Post-Earnings Announcement Drift (PEAD) Strategy, with Python code Implementation  Thread🧵 https://lnkd.in/gzuuR7pu 

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International Organization of Securities Commissions - IOSCO has released its Final Report on Investor Education surrounding Crypto-Assets. This Report summarizes the results of a survey distributed to members of IOSCO’s Committee for Retail Investors (C8) in autumn last year about retail investor behaviour, demographics, and experiences with crypto-assets. Crypto-assets have been a key priority for IOSCO for some time and in 2022 it established a Board-level FinTech Task Force to develop, oversee, deliver and implement IOSCO’s work with respect to FinTech and crypto-assets. Early work has shown that investors are drawn to invest in crypto-assets for three key reasons: 🔹 Fear of missing out” (“FOMO”) or as a speculative investment; 🔹 Low cost of entry; and 🔹 Advice from friends and/or social media. This Final Report highlights examples of regulatory changes and enforcement activity by C8 members since the related 2020 report, as well as current priority issues around investor education in the crypto-asset space, such as relationship investment scams and the need to communicate with retail investors on, and about, social media. The Report suggests specific investor education messages which C8 members could consider when driving forward education of cryptoassets in their local jurisdiction. 🔹 Investments in crypto-assets can be exceptionally risky and these assets are often volatile. 🔹 Investors should be wary of investments promoted on social media and use skepticism when following “finfluencers.” 🔹 Crypto-asset investments might lack basic investor protections, as those offering crypto-asset investments or services may not be complying with applicable law, including registration and licensing requirements. 🔹 Investments offered in compliance with a jurisdiction’s regulatory framework confers investors with certain investor protections. 🔹 Fraudsters continue to exploit the rising popularity of cryptoassets to lure retail investors into scams, often leading to devastating losses. 🔹 Understanding the nature of investing generally, including having an investing plan, and understanding risk tolerance and time horizon, as well as understanding the nature of investing in crypto-assets, can be critical to overall and long-term investing success.

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Check Out This *Easy-To-Understand No-Code* Automated Trading Strategy for NinjaTrader ®: Conditional Position Sizing (Uses Else If, Else, and Nested If Blocks). No NinjaScript ® programming knowledge required. https://lnkd.in/edDUD8rk #NinjaTrader #NinjaScript

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The symbiotic vision where blockchain and AI collaborate to put the user’s needs at the forefront will make crypto and DeFi more palatable for a broader segment of society, argues Peter Ionov. https://lnkd.in/gGw39Fi9

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We will be simulating a severe depeg event for Lido Finance's Wrapped Staked ETH (wstETH) within the ETH market on the Compound Protocol. Here's a step-by-step implementation of our plan. Scenario Details: - Depeg Magnitude: 20% depeg of wstETH relative to ETH - Duration: 14 hours - Market Affected: WETH market on the Ethereum network - Total Value Locked (TVL): $122.9M in the WETH market - wstETH Share: $122.1 million of the WETH market TVL Simulation Process: Step 1: Initial Market Conditions - Reflect the current state of the WETH market in Compound V3. - Ensure accurate representation of market liquidity, collateral values, & user positions.  Step 2: Depeg Introduction - Manipulate the exchange rate between wstETH & ETH to reflect a 20% depeg. - Implement the depeg gradually over 14 hours to simulate market reactions & adjustments. Step 3: Impact Analysis - Track changes in the liquidity available in the WETH market as the depeg progresses. - Monitor the impact on the collateral values held by users, specifically focusing on wstETH collateral. We will analyze the frequency & severity of liquidation events triggered by the depeg, understanding how many positions are affected & to what extent. The primary objective will be to analyze the market's stability & the protocol’s capacity to manage such an event. Expected Results: 1. A severe depeg is likely to reduce market liquidity as users withdraw their assets or avoid trading due to increased volatility. 2. The protocol might see a spike in withdrawals, leading to a significant decrease in available liquidity. 3. As wstETH depegs, its value as collateral decreases, which can trigger margin calls & liquidations. 4. This decrease in collateral value can have a cascading effect, where users need to provide more collateral or face liquidations. The stability of the ETH market within Compound V3 will be assessed by evaluating the cumulative effects of reduced liquidity, decreased collateral values, & increased liquidations. This simulation is crucial for stress-testing Compound V3’s WETH market under extreme conditions. Don't forget to join our TG community to learn about the latest updates in economic security. [Link in the Comments] #CryptoSimulation #DeFi #wstETH #CompoundProtocol #DepegEvent #ETHMarket #CryptoRisk #MarketLiquidity #CollateralImpact #DeFiStressTest #Ethereum #CryptoVolatility #LiquidationAnalysis #DeFiSecurity #MarketStability #CryptoAnalytics #Blockchain #FinancialSimulation #DeFiResearch #CryptoInsights

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