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  • 10/22/24: Bridging The Gap ❄️🇺🇸🪪

10/22/24: Bridging The Gap ❄️🇺🇸🪪

Top News

  1. Avalanche launches Visa card for crypto payments

  2. Mark Cuban says he’s willing to work with Trump if asked

  3. Space ID integrates with Metamask to make payments easier

Specs’ Insights

1. Avalanche launches Visa card for crypto payments

⌐◪-◪ → Mass adoption is coming, (sort of). Avalanche just announced its new credit card partnership with Visa. The card lets users seamlessly spend their onchain funds IRL, anywhere Visa is accepted. For context, Visa is accepted by 130M+ vendors in 200+ countries.

This helps address one of the biggest objections in crypto: “but can you even spend it?” Now, with Avalanche’s new credit card, the answer is YES.

Now here’s where the “sort of” comes in. The downside is that we’re still beholden to existing incumbents — Visa. So, it’s hard to call this mass adoption when open and permissionless infrastructure is one of crypto’s core values and this still has a massive (permissioned) bottleneck, the Visa Network.

I’m excited to see progress, but we still have a long way to go before true mass adoption. Join their waitlist to be one of the first adopters.

2. Mark Cuban says he’s willing to work with Trump if asked

⌐◪-◪ → Is Mark conceding? Pro-Kamala billionaire, Mark Cuban, just went on CNBC’s Squawk Box and said he’s willing to work with Trump if he wins the 2024 election.

This (conveniently) comes as Trump’s lead on Polymarket grows to a high of 27% with only 14 days left until Election Day. Furthermore, Trump is predicted to win every single swing state according to Polymarket.

So, while Mark says it’s because he’s “America first,” it feels like he’s hedging against a Trump win — “covering his ass” if you will. This is why it pays to remain “undecided” — there’s power in this.

Meanwhile, World Liberty Financial is struggling to gain momentum, with $13.9M in total sales — less than 5% of the pre-sale objective. To be fair, they are choosing the harder path with accreditation requirements, which makes sense for legal reasons and investor protection.

Meanwhile, World Liberty Financial is dead in the water with $13.9M in total sales, less than 5% of the pre-sale objective.

3. Space ID integrates with Metamask to make payments easier

⌐◪-◪ → One username to rule them all. Space ID just launched a new integration with MetaMask called Space ID MetaMask Snap — a browser extension for sending/receiving crypto more easily.

Under this integration, users will allegedly be able to “replace all their public wallet addresses with a single, secure, and customizable handle when making transactions on MetaMask.”

I emphasize “allegedly” because Foobar, creator of Space ID competitor clusters.xyz, said Space ID can’t actually do address aggregation and that it’s only 1-to-1. Meaning their claim of “replace all addresses” is false.

Also, clusters.xyz is already integrated with MetaMask, so I think I’ll stick with my CryptoPunk friend Foobar — one of the most underrated builders in our space, IMO. For those who don’t know, he also made delegate.xyz — keeping us all safe. Go follow Foobs.

Everything Else

⛓️ Crypto & DeFi

🏦 Wallstreet & VC

🏛️ Legal & Regulatory

🌎 Rest of the World

  • Indonesia extends crypto exchange license deadline

  • Nomura-backed Komainu to acquire Propine amid Singapore expansion

  • ANZ to pilot Chainlink’s new privacy protocol for tokenized RWAs

🖼️ NFTs & Metaverse

  • Magic Eden wants to be the on-chain version of Binance/Coinbase

  • Pump.fun teases Solana airdrop amid record week

  • ApeCoin doubles in price as ApeChain launches 'Top Trader' game

  • Elon Musk pumps Dogecoin to 4-month high

  • Choose Rich Nick launches memecoin called $FRAUD

  • AI tokens dominate memecoin volume on Solana

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