Franklin Templeton and HashKey roll out U.S. tokenized money fund in Asia

Sgp-3 burn based on requested CUs is basically the same thing as we had a year ago, with 50% of the priority fees burned. Priority is priced per requested CU. If there were no side channel attacks, and 12 different teams weren’t building alternative tpu ports, it’s a super easy way to align incentives. It’s sgp-3 is just a static price per requested CU instead of a dynamic. The starting value is well below the 50% burn we had a year ago. It’s pretty close to the current signature base fee. A lot of complains are about an end state that I think is unrealistic. There is no way the validators will approve a static price that is more than the 50% burn of whatever the priority fees are because that will just take way too much off validator revenues.

Peter Van Valkenburgh says prosecuting a developer doesn't stop an immutable contract "The Southern District of New York has this reputation for being the global financial cop on the block. It goes all the way back to when finance really meant every dollar that goes across international trade and borders goes through Wall Street at some point. So it's a great place to interdict and stop transnational crime" "That's the SDNY's chip on their shoulder, and they've got some good reason to have that chip. They see something like Tornado Cash being this tool dealing with large quantities of illicit funds from a hacking organization that's probably in North Korea, and money that might end up financing nuclear weapons. You think that's my bread and butter, I'm going to go get that" "And I feel for them, up until the point that they encounter, what is this thing? How does it work? Will our prosecuting a developer who built it actually stop that bad criminal financing?" "If the answer is no, because it's an immutable smart contract that if you throw Roman in jail for 30 years is still running, then what are you doing? Do something else"

Hey all! In today’s Crypto is Macro Now, I highlighted three deep and original stablecoin/CBDC free access pieces I’ve seen over the past few days, from @borjaneira_, @malekanoms and @OMFIF. Plus, some podcast episode recommends. And what is co-badging? (link 👇) https://t.co/k8OBb47a1P