Switch has hired Goldman Sachs and JPMorgan Chase to handle its initial public offering, according to people familiar with the matter. According to Jin10, the data center company is targeting a valuation of $80 billion. The sources said Switch could pursue an IPO as early as the fourth quarter.

Binance founder and former CEO Changpeng Zhao (CZ) said the two biggest lessons he would pass back to his 2017 self are to take legal compliance seriously from day one — and to launch products faster, singling out Binance's futures platform as a product he would have shipped much earlier.Speaking in a fireside chat moderated by Straten Media founder Jack Melnick as part of Binance's anniversary celebrations, CZ offered a candid retrospective on the exchange's founding era, admitting he "misjudged the importance of the legal aspects" of running a global crypto platform in its early years.Key TakeawaysCZ said he would advise his 2017 self to "spend more time learning about legal compliance" and politics, calling law a personal "weak area" at the timeHe highlighted the global reach of certain US laws and their "very long look-back period" as lessons learned the hard wayHis second piece of advice: ship products earlier and let market feedback guide iterationBinance launched futures two years into its journey — a product CZ said he would launch "much earlier" if starting againCZ described himself in 2017 as "just a tech guy" focused on product and user protection"I Was Just a Tech Guy"Asked what advice he would give his 2017 self knowing what he knows now, CZ pointed first to the legal and regulatory dimension of the business."Knowing what I know now, I would tell my younger self: spend more time learning about legal compliance aspects, and also learn about politics," he said. "Before 2017, I was just a tech guy. I was focused on building a better product and protecting the users. But I misjudged the importance of the legal aspects, which is a weak area for me."He added that his understanding of cross-border regulation was limited in the exchange's early years: "I wasn't very knowledgeable about international laws and how different countries apply laws. Some US laws apply globally, and they also have a very long look-back period."The remarks carry particular weight given CZ's own regulatory history, which saw him step down as Binance CEO in 2023 as part of a settlement with US authorities — context that makes compliance his most personal lesson from the exchange's nine-year run.Second Lesson: Hesitation Costs More Than FailureCZ's second piece of advice was directed at his own product instincts rather than the regulatory environment: move faster."There were a lot of areas where I hesitated about whether to push a product out or not," he said. "As an entrepreneur, it's much better to push a product out early and then get market feedback. There were still a few things we did relatively late."His clearest example was derivatives. "Binance launched futures two years into the journey. If I was to do it again, I would probably launch that much earlier," he said. Futures trading went on to become one of the exchange's dominant volume drivers, making the delayed launch — by CZ's own assessment — one of the more costly hesitations of the company's early years.Melnick noted the lesson applies broadly to founders who build in stealth expecting a flawless launch, only to discover the market wants something different — feedback that arrives cheaper and earlier when products ship sooner.Older, "May or May Not Be Wiser"Asked whether 2017 CZ is the same person as 2026 CZ, the founder answered with characteristic self-deprecation."I'm a lot older, but may or may not be wiser," he said. "I've experienced a lot more challenges — let's just put it that way. A lot of things have happened in the last nine years. I'm a bit mentally and physically older now."

Binance founder Changpeng Zhao (CZ) said the exchange reached the world's number one spot within its first five months of launch in 2017 — and has held that position "every single day" since — crediting the staying power to a user-protection ethos and a mission to "increase the freedom of money."In a fireside chat with Straten Media founder Jack Melnick during Binance's anniversary celebrations, CZ traced the exchange's origin to a simple diagnosis: the crypto exchanges of 2017 were not prioritizing their users, and nearly every part of the product could be built better.Key TakeawaysBinance became the world's largest exchange within five months of its 2017 launch and has held the top spot daily since, according to CZCZ founded Binance after a career building order execution and exchange systems, seeing gaps in technology, security, and customer service across 2017-era exchangesHe said exchanges at the time "weren't really prioritizing the users"CZ credited the 2017 ICO boom with accelerating Binance's early riseHe named mission clarity and user protection as the factors that kept Binance at number oneThe 2017 Diagnosis: "The Exchanges Weren't Prioritizing Users"Before founding Binance, CZ spent his career working on order execution and exchange systems — experience that shaped his read of the crypto exchange landscape in 2017."When I looked at the exchange space back in 2017, I thought the products could be better, the technology could be better, the matching engine could be a lot faster, the security could be better, the customer service could be a lot better," he said. "The exchanges then weren't really prioritizing the users. I felt there was definitely room to make improvements."CZ was candid about the role of timing alongside execution: "We got lucky that there was an ICO run, and we caught that rise."Five Months to Number OneAsked how quickly Binance climbed past dozens of established competitors, CZ confirmed the ascent happened within the exchange's first year."In the first five months, we got to the world's number one exchange," he said. "And then it stayed there every single day."Melnick noted that reaching the top is one challenge, but holding it across market cycles is another — a distinction CZ addressed directly.Why Binance Stayed on Top: Mission Over MetricsPressed on what kept Binance at number one for nearly nine years, CZ pointed past product quality to something less tangible."There are quite a few different factors contributing to the success of any company. The product has to be good, the customer service has to be good — and then, more importantly, you have to have a mission," he said. "Our mission was to increase the freedom of money."He singled out one value above the rest: "One of our strongest values is to protect users. All of those things are very fundamental, and I think protecting the users helped us keep the lead after we became number one."The framing echoes remarks from current co-CEOs Richard Teng and Yi He during the same anniversary programming, who cited user trust — built through daily consistency over nine years — as the exchange's core competitive moat, alongside metrics showing Binance holding more than 60% of clean reserves across the top ten exchanges.

Open USDの導入が、ステーブルコイン発行者の経済的利益、流通、およびネットワーク効果にどのような影響を与えるかを考察する。

「金色財経」は『金色Web3.0日報』を創刊し、AI、DeFi、DAO、NFT、メタバース業界に関する最新かつ最速のニュースをお届けします。

暗号資産市場における資本構造は根本的な転換期を迎えており、資金は特定の分野や大手企業へと集中し続けている。

最近、暗号資産エコシステムにおける老舗プロジェクトの間で移行の波が巻き起こっている――それらは、従来のブロックチェーンから、あるいは自ら構築したブロックチェーンを完全に放棄して、より成熟し、人気も高いブロックチェーンへと次々と移行している。

この暴落を経験したとしても、0.025ドルのプレセール価格で購入した初期参加者は、依然として帳簿上の評価益が十数倍に達している。

組織の役割分担、プロトコルの基盤からステーキング収益モデルに至るまで、イーサリアムは次の10年に向けて「スリム化」を進めている。

Robinhood Chainは、先週の1週間で時価総額が1億を突破した。2週間が経過したが、このチェーンの勢いは衰えるどころか、「ダークホース」という評価を確固たるものにした――ただ、その盛り上がりの様相は、先週よりもさらに幻想的だ。

これまで、世界で最も成功したソフトウェア企業のほとんどは米国で誕生してきた。中国の智譜の株価が急騰し、新たな議論を巻き起こしている。智譜とAnthropicという2つのAI開発の道筋は、何を意味しているのだろうか？

米国政府は、差し押さえた資産から3,940ビットコインと30,014イーサ（総額約3億ドル相当）をCoinbase Primeに移管した。これらの暗号資産は、いくつかの連邦差し押さえ事件に由来するものであり、政府関連のウォレットには依然として約206億ドル相当のデジタル資産が保有されている。

メイン会場には誰も集まらず、プライベートなイベントに主要な人脈が流れてしまい、暗号通貨カンファレンスの本来の趣旨が失われてしまった。