Announcement:
A triptych by John Gerrard (@john__gerrard) sold for a landmark $1.5 million. This series was first exhibited jointly by Gerrard and the Fellowship Trust at Art Basel Zero 10 in June.
*WESTERN FLAG (SPINDLETOP, TEXAS)* (2017) depicts a Carboniferous smoke flag over the Lucas oil well, the site of the first major oil discovery in 1901. This live simulation is limited to four editions, with two additional artist-reserved editions (AP).
*FLARE (OCEANIA)* (2022) depicts a warming natural gas flag over the South Pacific near Tonga. This live simulation is limited to five editions, with three additional artist-reserved editions (AP).
*Standard* (2023) depicts a water vapor flag over the Mojave Desert in Nevada, symbolizing hope for a brighter future. The live simulation includes four official prints and two artist-reserved (AP) prints.
Fellowship co-founder @halecar2 commented that being able to exhibit all three works simultaneously at Zero 10 was a significant factor.
@eli_schein wrote:
“John Gerrard and Fellowship’s work demonstrates what can happen when digital practices are presented in their true form: becoming an integral part of the contemporary art world. These two worlds have been artificially separated for far too long, and this result shows that collectors are ready to transcend those boundaries.
Zero 10’s core objective is to connect exhibitors and artists with new collectors, curators, and institutional communities. Sometimes this leads to deals on the spot; but more often, it initiates a collaborative relationship that deepens over the following weeks and even months.”
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Starknet (Privacy Arc)
06-05 00:08
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Robinhood Crypto now offers trading in several new assets, including the New York Stock Exchange (NY).
$BAT (Basic Attention Token)
$FLR (Flare)
$STRK (Starknet)
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TheCryptoBasic
06-01 15:30
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Flare CEO Hugo Philion announced a major XRP DeFi expansion strategy.
Philion outlined several initiatives aimed at accelerating XRPFi growth and increasing Flare's Total Value Locked (TVL).
Flare's priorities include increasing stablecoin liquidity that can be paired with XRP deployments and expanding partnerships with institutions already deploying XRPFi on the Flare platform.
Another key area is expanding the adoption of Flare's Data Connector (FDC) service.
Flare currently has a TVL of approximately $209 million, with 156 million XRP locked in its vault.
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Mark Gadala-Maria
05-27 08:38
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Perhaps artificial intelligence truly represents the final stage of human societal evolution, after which another cycle will begin, and everything will repeat itself.
• Humans are tired of tedious tasks.
• Humans create AI to handle tedious work.
• AI excels at tedious work.
• Humans create even more powerful AI to handle important tasks.
• AI excels at important tasks.
• Humans create even smarter AI, so why not continue?
• AI begins to improve itself without human intervention.
• AI no longer needs human input.
• AI determines the "optimal" standard.
• Humans are not involved.
• AI enables humans to build infrastructure on a massive scale.
• Humans who built the pyramids are now building data centers.
• A solar flare strikes, instantly destroying the entire system.
• No fault protection, no backup, only silence.
• Humans look around at the ruins.
• Someone points to the sky.
• They built an altar.
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TheCryptoBasic
05-25 17:20
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Flare founder Hugo Philion stated that a venture capital advisor once said XRP was worthless, but he was determined to bring DeFi to XRP.
Philion's comments came to light after Neuner and cryptocurrency trader Scott Melker jokingly mocked XRP on social media.
A venture capital advisor had stated that XRP was "worthless" and that DeFi projects based on XRP were doomed to fail, but Philion persisted in pushing forward DeFi development.
Flare's FXRP and Firelight expand the application scope of XRP DeFi, supporting various use cases such as staking, lending, and yield generation.
FXRP has a supply exceeding 100 million, with a total value locked (TVL) exceeding 156 million; institutional investors hold 8 million FXRP, indicating strong momentum for XRP adoption.
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TheCryptoBasic
05-21 23:35
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Flare CEO Hugo Philion outlined plans to enhance the usability of $XRP through upgrades to FAssets.
Philion stated that Flare has upgraded its FAssets system from v1.2 to v1.3 to streamline the FXRP minting process.
Philion described the XRP ledger as the issuance and settlement layer, while Flare acts as the programmable computation layer for DeFi applications.
He highlighted Firelight and Morpho, two institutional-grade DeFi protocols built around XRP liquidity.
Analysts believe that Flare's confidential computation infrastructure can help Ripple attract more institutional tokenization and settlement business.
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CryptoPotato Official
05-19 21:50
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Behind the Scenes: Flare and D'CENT Wallet have entered into a new partnership, allowing XRP holders to now earn DeFi yields directly through their hardware wallets – a significant development for XRPFi.
This integration enables users to access institutional-grade XRP vaults without leaving their D'CENT devices, utilizing Flare smart accounts and two XRPL signatures.
Flare co-founder Hugo Philion calls it "production-grade XRPFi," marking the first time secure yield generation has been achieved on a wallet trusted by over 720,000 users.
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CryptoPotato Official
05-15 21:52
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Notable: XRP holders are poised for new yield opportunities.
Digital asset management company Monarq has partnered with Flare to launch the MXRPY Vault, targeting an annualized yield of 3-4%.
This vault employs multiple strategies: options trading, funding rate arbitrage, and deployment to on-chain XRPFi applications.
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TheCryptoBasic
05-07 14:28
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Cardano founder Charles Hoskinson and Flare CEO Hugo Philion engaged in a heated exchange over the Bitcoin DeFi competition.
This controversy arose hours after Philion claimed that Cardano, despite launching years earlier than Flare, had failed to match its DeFi growth.
Charles Hoskinson dismissed Philion's criticism as an outdated publicity stunt aimed at attracting attention to Cardano.
Hoskinson sarcastically suggested that Philion should switch to a more recent promotional strategy, such as creating TikTok reaction videos.
Philion countered that Cardano has faced similar criticism since 2022 with limited progress in the DeFi space.
Both Cardano and Flare Network are vying to become the leading Bitcoin-based DeFi platform.
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TheCryptoBasic
05-06 14:06
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Flare CEO Hugo Philion criticized Cardano, saying it failed to replicate Flare's DeFi strategy.
On-chain data from DeFiLlama shows that Flare's total value locked (TVL) is $159 million, surpassing Cardano's $131 million.
Philion believes Cardano is unlikely to lead the Bitcoin-based DeFi space, stating that Flare will ultimately prevail by building a unified DeFi layer.
Flare advances this vision through its FXRP project, which currently has approximately 154 million XRP locked and approximately 140 million XRP deployed in DeFi protocols.