Chain Reaction - 27th January 2025
Executive Orders, Spaces, Events and more
Kicking things off with some observations here from me and whether its online or overhearing more of these conversations at cafes, there’s more and more businesses looking at getting into the crypto/blockchain space. The former for investing and the latter for building new ways to run the economy.
We have our twitter spaces tomorrow (it was going to be today but we'll move it to when most people are back from the break ) and you can join in here https://x.com/AusDeFi/status/1881922896135893282
Earlier this week we saw some great updates from an Aussie project caleld Redbelly as they did their AMA about their partnership with Hutly to tokenise their rent rolls. https://x.com/RedbellyNetwork/status/1882343846606241960
They also had an announcement about their work with Liquidise to tokenise the funds of JellyC https://www.investordaily.com.au/markets/56504-jellyc-to-lead-australias-tokenised-fund-revolution
Speaking of tradition finance getting into it more, here’s a video from the team at Bankless with the CIO of the ETF division for BlackRock
Stock and Bond tokenisation is also being called for by BlackRock’s CEO Larry Fink https://cointelegraph.com/news/black-rock-ceo-wants-sec-to-rapidly-approve-tokenization-of-bonds-stocks-what-it-means-for-crypto
Is there a 2nd Ethereum foundation coming? That’s what we were seeing in the headlines as Lido teases at creating another foundation. The issue stems from the backlash that’s come from the outlined plans of Vitalik Buterin for a major overhaul. https://www.coindesk.com/tech/2025/01/22/lido-co-founder-teases-second-foundation-for-ethereum-amid-community-backlash
If you missed it, there was not just the launch of the TRUMP meme coin but also the drop in value after MELANIA coin was launched not long after. This wasn’t just a bit of drama but it does mean there is going to be some interesting consideration as to what the SEC and other regulators do to normal products if the President is allowed to do this. Positive, negative, you decide.
Here’s Coffeezilla on the topic
Speaking of - more coins incoming from the first family? https://x.com/ChuckHodl/status/1881100998909014202
Great to see the views on crypto here from Brian Armstrong of Coinbase
Crypto regulatory clarity coming over in the US https://www.linkedin.com/posts/jackson-zeng_just-in-sec-launches-new-crypto-task-force-activity-7287529950729908224-5j2k?utm_source=share&utm_medium=member_android.
Speaking of clarity, here's Amy Rose of DECA and her take on the impact of these US matters for Australia https://www.linkedin.com/posts/amy-rose_for-those-of-us-immersed-in-digital-assets-activity-7288332038569443329-wJ0V?utm_source=share&utm_medium=member_android
And ours https://x.com/AusDeFi/status/1882599329854349793
Here’s the full Executive Order https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
And Bankless take on all things too https://www.bankless.com/read/trump-announces-creation-of-crypto-working-group?ref=bankless.ghost.io
Ari from TRM sharing his thoughts here on the Executive Order too https://www.linkedin.com/posts/ari-redbord_in-the-last-few-hours-ive-received-several-activity-7288350256361046016-v7qb?utm_source=share&utm_medium=member_android
And further on this we see the crypto friendly Hester Pierce being put in charge of a new crypto taskforce over there.
https://x.com/zGuz/status/1881769687526392016?t=7VFyjiKnqok9p-Kk2sg6UQ&s=19
US President Trump pardoned Ross Ulbricht, the founder of Silk Road. Despite what you may or may not think about his works, Silk Road was pioneering when it comes to blockchain tech and Bitcoin so its worth understanding him. Good thread on it here https://x.com/cryptojourneyrs/status/1882180220545085614.
That's it for this week folks, see you again soon.
That's it for this week folks, see you next time!
About Aus DeFi Association
The Australian DeFi Association (Aus DeFi) is a non-profit community organisation dedicated to increasing education and awareness of blockchain technology, specifically decentralised finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralised economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organisations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.
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