The fundamentals of Sei have officially changed since Circle's IPO. (This is a full text without ads, only from a response by an alpha research team) 1. Sui and Sei are public chains that Coinbase and Circle laid out as early as 2022. If you think it was inexplicable before this, it’s because they have been preparing for a long time, ready to act when the time comes. According to publicly available information from cryptorank or rootdata: On August 31, 2022: Multicoin Capital and Coinbase Venture invested in Sei during the seed round, raising a total of 5M. On December 15, 2023: Circle made an undisclosed investment round. On September 18, 2022: Coinbase Venture and Circle Venture (along with A16Z) invested in Sui during the B round, raising a total of 300M. (Just to add, in 2022, Coinbase and Circle, along with A16Z, also invested in Aptos, while Optimism has always been backed by A16Z and Paradigm.) The four chains mentioned above are all included in Circle's IPO asset list, aside from BTC and ETH, just those four. There is a high degree of certainty in speculating that since 2022, Coinbase and Circle have been laying out public chains. What for? It didn’t seem very clear before this. And on the candidate blockchain list for stablecoin legislation in Wyoming, the first state in the U.S. to do so, all four chains are included. Aptos and Solana are tied for first place with 32 points, while Sei follows closely with 30 points. So teachers, what do you think Coinbase and Circle are doing? I don’t quite understand, but I always feel like there’s capital at play! Is this going through the channels of the U.S. state government?
Sei should be one of the top three paradoxical projects in my VC career: Before the team went online, Runway was no more than 3 months, and it has been shipping OTC since it was launched. So far, there are more than 1B, and it has never been broken, and investors have already begun to unlock it, only the problem of earning more and earning less. The last time I saw such a magical project, it was probably INJ... No buying, non-shouting, NFA
2. $sei should be just starting to gain momentum, with no vested interests. I haven't invested yet and will wait for an opportunity; this does not constitute any investment advice. I suggest those interested do their own research. Based on the discrepancies in Circle's asset table, I calculated their cost prices for SUI and SEI. SUI is 2.385M/2.304672=1.034, and SEI is 2.385M/6.25M=0.3816. First, we can see that when they allocated assets, the cost basis given to SUI and SEI is the same. By the end of 2024, the fair value, or market value, of SUI is expected to be much higher than that of SEI. As of now, this is still the case; the value of SEI has yet to be developed and discovered. Let's not talk about SUI for now; let's look at SEI. According to Circle's asset table, if it's true, they are still underwater from the end of 2024 to now. Let me highlight again, Maragao does not provide any investment advice and has no vested interests!!!
3. Let me add another highlight. Canary applies for the SEI ETF, which is a groundbreaking step in bringing SEI to institutions. Who is Canary? This company only invested in a product called Hashdex together with Coinbase on May 12, 2021. Hashdex is an institutional-grade digital asset investment platform that deals with ETFs and such.
US BTC ETFs pulled in $1.24B this month Canary filed for a SEI ETF a groundbreaking step toward bringing SEI to institutions SEI ETFs serve as a gateway for broader adoption, bridging crypto and mainstream markets
3. Let me add a highlight Canary applies for the SEI ETF, which is a groundbreaking step in bringing SEI to institutions. Who is Canary? This company only invested in a product called Hashdex with Coinbase on May 12, 2021. It's an institutional-grade digital asset investment platform that does ETFs and such. If you say this isn't a setup by Coinbase, could it be me setting it up? 🤣🤣 The above content is purely speculation and fiction, just something a child might say without understanding!
US BTC ETFs pulled in $1.24B this month Canary filed for a SEI ETF a groundbreaking step toward bringing SEI to institutions SEI ETFs serve as a gateway for broader adoption, bridging crypto and mainstream markets
Tag some teachers who might be interested @charlotte_zqh @0x_KevinZ @Normanrockon @EttoroSummer @yi_juanmao @0xDave852 @IvyLeanIn
@charlotte_zqh @0x_KevinZ @Normanrockon @EttoroSummer @yi_juanmao @0xDave852 @IvyLeanIn ser Can you renew on Kaito? good yapper's always ready to work for you! @tezukaTez lol
4. Just to add Multicoin Capital and Coinbase invested in Aptos and Sei together. Aptos has elements of Dragonfly, and Dragonfly invested in Codex (Circle's stablecoin chain) two months ago. Teachers, the capital is brewing.
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