Fred Ehrsam’s Bold Blockchain Prediction, Web3 Security with Securr, Why NOW is the Best Time to Build in Web3, Bitcoin’s Future: For the State or the People and TGE X Space Insights & Weekly
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Weekly Recap Alert ! We’re sharing a sneak peek of what we’ve been up to this past week. But there’s so much more happening! Stay in the loop with our latest updates, insights, and events—follow us on X and LinkedIn today!
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Quick Summary of this week:
Fred Ehrsam’s prediction for the future of Blockchain 🚀
Feature Friday: Web3 Security Partner - Securr
Bitcoin for the State or the People?
The best time to be a Web3 founder is NOW.
TGE X Space by Foundership 2 of 4: Building Awareness, Community and Investors
Weekly News
Fred Ehrsam’s prediction for the future of Blockchain 🚀
How long do you think since this becomes a reality?
To view more posts like this, follow us on X and LinkedIn! 👇
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Feature Friday: Web3 Security Partner - Securr
Establishing a secure foundation is a critical priority for any Web3 startup.
That’s why Foundership partners with Securr, a Web3 security powerhouse that’s become the go-to shield for startups.
Securr, under the leadership of Suhrad Makwana, doesn’t wait for breaches. Their bug bounty programs and smart contract audits crowd-source security expertise from 15,000+ ethical hackers.
Startups like StackOS and @Chingari_IN credit them for catching critical vulnerabilities early, with one client noting:
“Their team’s audits turned potential disasters into roadmap detours”.
From pre-token launch audits to ongoing threat monitoring, Securr’s solutions adapt as startups scale. They’ve secured $2B+ in assets and 100+ projects, including DeFi platforms and NFT marketplaces.
Recent exploits in cross-chain bridges and token contracts highlight the necessity for security measures in Web3. Securr’s approach combats this with…
To check out the full post, click here!👇
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Bitcoin for the State or the People?
Will institutional adoption of $BTC enhance its utility, or will centralization risks dilute its decentralized ethos?
As Bitcoin approaches mainstream adoption as a national reserve asset, both opportunities and challenges are bound to emerge.
The U.S. cryptocurrency task force is weighing options to fund BTC purchases, including selling gold reserves or issuing debt, aiming to secure a strategic advantage in the global financial system.
Senator Cynthia Lummis’ proposed BITCOIN Act seeks to convert $90B in gold certificates into BTC, positioning it as a 21st-century reserve asset.
https://lnkd.in/gQMWsSp2
El Salvador’s $406M Bitcoin “piggy bank” in a cold wallet tells us that early adaptors are at work, though skeptics question its liquidity and practicality.
https://lnkd.in/gWdU5ZeV
While institutional interest grows, centralization risks are coming up:
- Cold Wallet Lockup: Over 71% of Bitcoin’s supply is held in illiquid wallets. If governments follow El Salvador’s lead, public accessibility could diminish.
- Regulatory Pushback: The ECB’s Christine Lagarde outright rejected Bitcoin as a reserve asset, citing volatility and security concerns.
However, decentralized solutions are emerging:
- BTCFi Innovations: Projects like decentralized custody networks and cross-chain liquidity pools aim to keep Bitcoin dynamic within DeFi ecosystems.
- Open Reserve Advocacy: Calls for transparent, decentralized Bitcoin reserves are gaining traction, ensuring public participation even as institutions accumulate.
We believe Bitcoin’s value lies in its balance:
Institutional adoption validates blockchain’s potential, attracting capital and regulatory clarity. Decentralization ensures it remains a tool for financial inclusion, not control.
The decentralized finance market is projected to…
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The best time to be a Web3 founder is NOW.
The best time to build in Web3 was yesterday. The second best time is now. The worst time? When your competitor launches.
To check out the full post, click here!👇
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TGE X Space by Foundership 2 of 4: Building Awareness, Community and Investors
Your Token Launch Setup Survival Kit is Here! 🫡
Fundership brings you 4 super essential X spaces for your Token Launch Journey.
Session 2 of 4: Building Awareness, Community & Investors
🗓️ Feb 20, 2025
🕢 1:30 pm UTC | 5.30 pm Dubai Time | 7 pm IST
🔗 https://lnkd.in/gwZ34q4d
We’re slicing through the chaos:
✅ Reaching token investors
✅ Community growth
✅ Quests tasks
✅ Partnerships
Tag your co-founder. Set a reminder. ⏰
FOMO is free, but regret isn’t… So, see you soon? 👀
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Weekly News
Bybit Exchange Hacked for $1.4 Billion in ETH-Related Tokens
Bybit suffered a security breach, losing over $1.4 billion in liquid-staked ETH, Mantle Staked ETH, and ERC-20 tokens.
Onchain analyst ZachXBT first identified the exploit and warned users to blacklist associated addresses.
CEO Ben Zhou confirmed that a malicious transaction altered the smart contract logic to siphon funds from a warm wallet.
SEC Drops Enforcement Case Against Coinbase
The SEC agreed to dismiss its lawsuit against Coinbase for allegedly operating as an unregistered securities broker.
The dismissal is pending approval from an SEC commissioner.
CEO Brian Armstrong called it a major win for Coinbase and the broader crypto industry.
Ross Ulbricht Calls for Clemency for ‘Bitcoin Jesus’ Roger Ver
Recently pardoned Silk Road creator Ross Ulbricht is advocating for Roger Ver’s release.
Ver faces a potential decades-long prison sentence for alleged tax evasion.
Ulbricht argues that Ver should be allowed to pay any owed taxes and move on.
SBF Aligns with Republicans Amid Clemency Efforts
Former FTX CEO Sam Bankman-Fried (SBF) discussed his past political donations and evolving views.
He claimed he funded Democrats in 2020 to prevent them from shifting toward Bernie Sanders’ socialist policies.
SBF now leans more right-wing and has distanced himself from his previous center-left stance.
Nigeria Sues Binance for $81.5 Billion Over Tax and Currency Issues
Nigeria’s Federal Inland Revenue Service (FIRS) is suing Binance for $2 billion in back taxes and $79 billion in economic damages.
The government alleges Binance played a role in devaluing the Nigerian naira.
Nigeria previously detained two Binance executives over tax fraud and money laundering charges, later dropping the tax-related accusations.
Fred Ehrsam’s prediction definitely sparks curiosity. Also Securr's proactive approach to Web3 security is impressive$2B+ in secured assets is no small feat. With the rise in cross-chain exploits, how can smaller startups affordably adopt similar security layers without compromising scalability?