Javier Milei Wins Argentine Presidency

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Daily News:

Web3 Social Company Sleek Announces $5 Million Seed

Javier Milei Wins Argentine Presidency

Coinbase Unveils Open Source On-Chain Payments Protocol

Web3 Social Company Sleek Announces $5 Million Seed:

• Hong Kong-based Web3 social company Sleek has raised $5 million in a seed funding round, valuing the company at $50 million, with participation from Binance Labs, Shima Capital, and others.

• Sleek's main product, Sleek Card, a blockchain-based social media platform, has facilitated over 300,000 connections and sold around 15,000 cards since its launch, with plans to introduce an open marketplace for experts to tokenize their knowledge in 2024.

• Originally starting as a no-code metaverse platform, Sleek pivoted to focus on Web3 due to the metaverse's early-stage development, successfully building a community of 20,000 verified users mainly through word-of-mouth.

Javier Milei Wins Argentine Presidency:

• Javier Milei has been elected as the next president of Argentina, securing 56% of the votes, with his opponent Sergio Massa conceding the election.

• Bitcoin (BTC) experienced a near 3% increase to $37,350 in value following the election results, influenced by Milei's positive stance on cryptocurrencies and critical view of central banks.

• Milei, known for his criticism of central banks and advocacy for private-sector-driven money, has not proposed making bitcoin legal tender but supports eliminating Argentina's central bank and dollarizing its inflation-stricken economy.

Coinbase Unveils Open Source On-Chain Payments Protocol:

• Coinbase has introduced an open-source On-Chain Payments Protocol to its Coinbase Commerce platform, designed to improve the cryptocurrency payment experience with features like instant settlement and low fees.

• The protocol aims to unify on-chain payments, supporting multiple wallets and currencies, and simplifying merchant integration with platforms like WooCommerce. It converts payments to USDC, providing a stable and reliable transaction environment for merchants and customers.

• Despite its innovations, Coinbase faces challenges, including an ongoing dispute with the U.S. Securities and Exchange Commission regarding its compliance as a security trading entity.

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