brian

Brian Hong announced that he has joined the social trading application fomo, responsible for the Asia-Pacific region. Brian Hong previously publicly identified as the head of growth for consumer blockchain Abstract in the Asia-Pacific region. He stated that many high-quality trading ideas around the world have never left the language in which they were originally written; traders in Seoul and New York can focus on the same asset for months but do not have access to each other's work. Both parties see the same prices, but the ideas behind the trades remain trapped in circles separated by language, local communities, and existing information flows.He wrote that for nearly a decade, he has been connecting products, services, and information between the East and West. Products are now easier to cross borders, but ideas are not; he feels this most acutely in the market, where some ideas with significant upside potential remain confined to a single language and community. He stated that fomo is the first product that makes him feel this situation can change, as it does not require consideration of chains or cross-chain bridges; it faces a single market where information flow shows what people are actually buying. A trade does not need translation; ideas from Seoul can reach New York on their own, with attribution remaining with the originator.Brian Hong expressed that this feeling has not faded, and he agrees with fomo's direction and development team, and will help grow a product he already uses daily. He referred to the Asia-Pacific as the most important region for this matter, but the Asia-Pacific is not a single location; the languages, cultures, and platforms differ. Most of what happens here exists in communities that are not visible to the outside world. Introducing users is only part of the work; a larger part is putting ideas that the world has yet to see onto the same map. He has opened private messages to traders, large players, creators, and chain builders in the region.

Brian Armstrong posted on the X platform that the order response median speed of Coinbase's new matching engine has improved by 60 times, and the tail latency has improved by 480 times.Coinbase Advanced supports trading cryptocurrencies, stocks, commodities, and foreign exchange.

Dework founder Lonis Hamaili announced on X the launch of the AI hedge fund Cambrian, with seed funding of approximately 70 million USD. The fund's supporters include the Japanese listed company Metaplanet and Skype co-founder Jaan Tallinn.Lonis Hamaili also stated: General artificial intelligence is on the way, and the current trading multiples of hundreds of AI supply chain oligarchs are only 1 to 5 times revenue and 5 to 15 times profit. He believes that the shorter AI development timeline may weaken the moat in the software field, but key bottlenecks in physical processes still exist.

According to Morpho's official blog, Morpho announced the appointment of former Coinbase institutional business executive Brian Foster as Head of GTM.Foster worked at Coinbase for over seven years, leading strategic collaborations with BlackRock and U.S. federal government business, covering multiple areas including ETFs, trading as a service, and stablecoin payments.After joining Morpho, Foster will focus on promoting the adoption of on-chain credit products in fintech companies and traditional financial institutions.

Coinbase co-founder and CEO Brian Armstrong stated: The company has fine-tuned the open-source weight model Qwen3.5-9B using internal proprietary data, which performs better than cutting-edge models in the specific task of fraud prevention, while also being more cost-effective and faster.Armstrong mentioned: Cutting-edge models are excellent general models, but companies will increasingly use specialized models for narrower tasks, which can operate independently or collaborate with teams. He believes this pattern will become more prevalent within the company.He also noted that Coinbase is making it easier for employees to fine-tune models internally and providing relevant skills in internal tools, with example instructions for fine-tuning Qwen for payment risk audits. He anticipates that some backend services may be completely replaced by this new architecture.

OpenAI has appointed Brian McCarthy as Vice President of Global Sales, who previously worked at SpaceX.

Brian Armstrong posted on the X platform, stating that one of the simplest ways to explain cryptocurrency is: cryptocurrency offers faster, cheaper, and more efficient financial services. The traditional financial system was born around the 1970s and, in some cases, still operates on outdated mainframes to this day.This is also the reason why basic functions like weekend transfers or low-cost wire transfers are still not achievable. The United States needs to pass the Clarity Act to provide clear rules to guide the industry, rather than allowing outdated systems and uncertainty to prevail.

Brian Armstrong posted on the X platform expressing appreciation for Paul S. Atkins and the SEC for their progress on token classification, calling it a long-awaited step towards modernizing the financial system. He stated that he has been advocating for clear cryptocurrency rules for years, and token classification is a necessary measure for the U.S. to maintain innovation.Brian Armstrong also expressed anticipation for the SEC to release the Innovation Exemption to promote on-chain trading of tokenized stocks. He mentioned that relevant progress is being made and that the CLARITY Act should be pushed through as soon as possible, moving the market on-chain before leading the way in other regions.

According to The Defiant, Coinbase CEO Brian Armstrong has changed his X platform avatar to a newly purchased CryptoPunk, after which the meme coin BRIAN, driven by the change in his avatar, significantly retraced. In the past 24 hours, the market capitalization of this token has dropped by about 86%, falling to approximately $1.5 million; during the same period, its trading volume in about 30 Uniswap liquidity pools was approximately $13.2 million, with total liquidity around $561,000.The report pointed out that Brian Armstrong had changed his X avatar to the "Coinbase Man" image corresponding to BRIAN on July 16, and posted "New profile photo - who dis," which the market initially interpreted as a signal of interest in the token, driving BRIAN to rise rapidly. The report emphasized that BRIAN is a community-created token, and Brian Armstrong is not the issuer and has not claimed any official association with it.

According to on-chain analyst @ai_9684xtpa, due to the change of X avatar by Coinbase CEO, the market value of the Base Meme project BRIAN plummeted to 1.43 million dollars.Address 0x378...1c476 purchased tokens worth 179,000 dollars at a peak price of 0.01311 dollars yesterday, and today is facing an unrealized loss of 159,000 dollars, with assets shrinking by 88.7%.

According to GMGN market data, the market capitalization of the Base chain meme coin BRIAN briefly exceeded $18 million, currently reported at about $15 million, with a short-term increase of over 27 times.This increase may be influenced by the change of the X avatar by the Coinbase CEO. The price of meme coins is highly volatile and easily affected by market sentiment and trending events, please be aware of trading risks.

Blockchain data infrastructure startup Cambrian has completed a $6 million seed round financing, led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.Cambrian also previously secured $5.9 million in pre-seed financing led by a16z Crypto Startup Accelerator, bringing the total funding to $11.9 million. It is reported that Cambrian was established in 2024 and currently provides APIs for institutions and AI Agents, covering real-time and historical on-chain data such as yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain.The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI Agent builders, and protocols that need reliable data to control the flow of funds. Unlike traditional oracles that mainly provide price data, Cambrian aims to aggregate lending protocol data, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexing approximately $4.5 billion TVL across four major lending protocols, tracking 1,789 vaults under 895 curators, and monitoring over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support, adding Hyperliquid and richer perpetual contract data.

According to Jin Shi reports, Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin, stated that it is not surprising to see divisions within the Federal Reserve, but the divisions being so apparent is surprising. He mentioned that if Powell's last meeting was like this, imagine how loud the opposing voices would be under Waller's leadership. Hawkish traces can be seen everywhere in the wording regarding high inflation, and some Federal Reserve officials believe that raising interest rates might solve the inflation problem, even if it means paying a price in the labor market.

According to Jin Ten, Brian Jacobsen, Chief Economist at Annex Wealth Management, stated that the February inflation data was originally heading in the right direction, but the emergence of the Middle East conflict has changed that trajectory. Energy, which could have brought about deflation, is now likely to lead to inflation. Due to the chaos in the fertilizer market, food prices may also begin to show signs of accelerating inflation. The Federal Reserve is likely to emphasize maintaining interest rates, but monetary policy cannot reopen the Strait of Hormuz, so these tough statements are likely to be merely verbal.

Former CFTC Commissioner Brian Quintenz has been appointed as an independent director on the company's board and will join the audit committee. Brian Quintenz previously served as the head of policy at a16z crypto, and his nomination as CFTC chairman was withdrawn last year. SUI Group stated that this move aims to leverage his capital markets and regulatory experience to advance the company's SUI treasury strategy. As of now, the SUI Group treasury holds approximately 108 million SUI. Additionally, Michael Selig took over as CFTC chairman last December.

According to Jin Ten, Brian Jacobsen, Chief Economic Strategist at Annex Wealth Management, stated that while some may view the inflation cooling report as "unreliable," ignoring it comes with risks. He pointed out that indicators such as rental costs and used car prices suggest that the sources of current inflation are different from those in the past. The Federal Reserve may consider rising unemployment and moderate inflation data as reasons to cut interest rates again.

ChainCatcher news, several executives from cryptocurrency companies are expected to hold a roundtable meeting with Senate Democrats supporting cryptocurrency on Wednesday to discuss market structure legislation and future directions.Attendees include Coinbase CEO Brian Armstrong, Chainlink CEO Sergey Nazarov, Galaxy CEO Mike Novogratz, Kraken CEO David Ripley, Uniswap CEO Hayden Adams, Solana Policy Institute President K. Michelle Smith, Circle CSO Dante Disparte, Ripple CLO Stuart Alderoty, Jito CLO Rebecca Rettig, and a16z crypto General Counsel Miles Jennings. The meeting will be hosted by Senator Kirsten Gillibrand. Previously, a leaked DeFi regulatory proposal from the Democrats sparked strong opposition from the industry, leading to a stalemate in negotiations with the Republicans.

According to ChainCatcher, crypto journalist Eleanor Terrett revealed that Brian Quintenz, the nominee for chairman of the Commodity Futures Trading Commission (CFTC), is meeting with members of the crypto industry, after the White House suspended his confirmation hearing in the Senate Agriculture Committee for about three weeks.Several industry associations, including the Digital Chamber, Blockchain Association, Crypto Council, and DeFi Fund, are preparing to submit a joint letter to the president in support of Quintenz. The letter states that the organizations have had the privilege of working with Quintenz and can attest to his deep expertise, sound judgment, proven leadership skills, and integrity.

ChainCatcher news, according to Eleanor Terrett, the confirmation process for CFTC chairman nominee Brian Quintenz has encountered resistance. Internal emails obtained through the Freedom of Information Act indicate that Quintenz may have accessed CFTC confidential information during his tenure as a director of the prediction market platform Kalshi, raising ethical concerns.The White House has requested the Senate Agriculture Committee to postpone the scheduled nomination vote.

According to ChainCatcher, The Block reported that Gemini co-founder Tyler Winklevoss has raised concerns about President Trump's nomination of Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC).Winklevoss pointed out that Quintenz, as the global policy head of a16z and a board member of Kalshi, has a conflict of interest, and he may attempt to obtain non-public information related to Kalshi's competitors within the CFTC.