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 USD의 출시가 스테이블코인 발행사의 경제적 이익, 유통 및 네트워크 효과에 어떤 영향을 미치는지 살펴본다.

골든파이낸스가 《골든 Web3.0 일간지》를 출시하여, AI, DeFi, DAO, NFT 및 메타버스 업계의 최신 소식을 가장 빠르게 전해드립니다.

암호화폐 시장의 자본 구조가 근본적인 변화를 맞이하고 있으며, 자금이 특정 분야와 선도 기업으로 지속적으로 집중되고 있다.

최근 암호화폐 생태계의 기존 프로젝트들 사이에서 이주 열풍이 일고 있다. 이들은 기존 체인에서 벗어나거나, 아예 자체적으로 구축한 체인을 포기하고 더 성숙하고 인기가 높은 체인으로 대거 이동하고 있다.

이러한 폭락에도 불구하고, 0.025달러에 사전 판매에 참여한 초기 투자자들은 여전히 장부상 10여 배의 평가 이익을 기록하고 있다.

조직의 업무 분담부터 프로토콜의 기반, 그리고 스테이킹 수익 모델에 이르기까지, 이더리움은 향후 10년을 대비해 다시 ‘정리’에 나서고 있다.

Robinhood Chain은 지난주 시가총액이 1억을 돌파했다. 2주가 지났지만 이 체인의 열기는 식지 않았을 뿐만 아니라, 오히려 ‘다크호스’라는 명성을 확고히 다졌다. 다만 그 열기의 양상은 지난주보다 훨씬 더 환상적이었다.

과거 전 세계에서 가장 성공한 소프트웨어 기업들은 거의 모두 미국에서 탄생했다. 중국 기업 지푸(智谱)의 주가가 급등하면서 새로운 논의가 촉발되고 있다. 지푸와 앤트로픽(Anthropic)이 보여주는 이 두 가지 AI 발전 경로는 무엇을 의미하는가?

미국 정부는 압수 자산 중 약 3억 달러 상당의 비트코인 3,940개와 이더리움 30,014개를 코인베이스 프라임으로 이체했다. 이 암호화폐는 여러 연방 압수 사건에서 확보된 것이며, 정부와 연계된 지갑에는 여전히 약 206억 달러 상당의 디지털 자산이 보관되어 있다.

주 행사장은 외면당하고, 비공식 모임이 핵심 인맥을 분산시키면서 암호화폐 컨퍼런스의 본래 취지가 훼손되었다.