Michy / 米奇

Hundreds of people became millionaires yesterday. Hundreds of people have become millionaires today. Thousands of people will become millionaires tomorrow. It's all about patience and luck. Never stop clicking.

You wake up one morning and realize a hacker accidentally sent all this money to your wallet. Be honest. What would you do? I think I’d probably wait 5 years for new privacy focused withdrawal apps to emerge before making a move. 🤡

Forget everything else. Privacy is always the most important thing. You’ve probably come to realize that even more lately. @AnomaPay is taking it seriously. Let’s be clear: just because blockchain is transparent doesn’t mean every financial move you make should be public. Your wallet activity, trading habits, and swaps shouldn’t be everyone’s business. They just upgraded their private swaps: → More assets supported → More trading pairs → Private swaps across @Ethereum and @BNBCHAIN → The same focus on protecting user privacy What I particularly like about AnomaPay is its approach to privacy. Privacy shouldn’t be a luxury feature. It should be the default. As more people move their financial activity onchain, protecting that activity becomes increasingly important. We don’t need everyone tracking every swap we make. And that’s exactly why projects like AnomaPay deserve more attention. More assets. More flexibility. More privacy. Your money. Your transactions. Your businnes.

WHAT REALLY MATTERS WHEN CHOOSING A CRYPTO CARD? 💳 Everyone talks about cashback, but after covering 60+ crypto card projects, I’ve noticed something interesting. The biggest concerns aren’t always about earning rewards. Users are increasingly focused on privacy, accessibility, and having more control over their money. Here are 5 features that keep coming up 👇 1️⃣ Access Without KYC Not everyone wants to complete a lengthy identity verification process just to spend crypto. Projects worth exploring: → @solcard → @LasoFinance → @Goblin_cards → @kardpay 2️⃣ Better Transaction Privacy For some users, keeping their financial activity private matters more than earning an extra 1% cashback. Projects focused on privacy: → @AnomaPay → @Haven_Hn_ → @STEALFxyz → @AgoraCards 3️⃣ Tax Visibility & Financial Exposure Users want to understand how card spending affects their taxes, especially when crypto is sold or used as collateral. Relevant options: → @coca_card → @ether_fi (Borrow Mode) → @solcard → @LasoFinance 4️⃣ Zero Card Issuance Fees Why pay upfront just to access your own funds? Platforms offering free issuance options: → @wirexapp → @JupiterExchange → @hyperbeat 5️⃣ Multiple Cards, One Account Managing different spending needs becomes easier when users can create multiple cards without opening separate accounts. Examples: → @wirexapp → @JupiterExchange → @hyperbeat Here’s what stands out to me: Cashback didn’t even make the top five. The next phase of crypto card adoption might have less to do with rewards and more to do with giving users the financial experience they actually want. Privacy. Flexibility. Accessibility. Control. Of course, no-KYC doesn’t automatically mean anonymous, and tax obligations don’t disappear just because a card offers more privacy. The best crypto card isn’t necessarily the one offering the highest cashback. It’s the one that gives you the most freedom without sacrificing usability. Which feature matters most to you? DYOR. NFA.

I took a closer look at where trading fees actually go across 13 major perp DEXs. The results were pretty surprising. ↓ Over the past 30 days, these platforms generated roughly $112M in trading fees. Of that amount, around $69M flowed back to token holders through buybacks and staking incentives. But here’s where things get interesting: Hyperliquid alone accounted for $62M of those distributions. That means nearly 90% of all value returned to token holders across these 13 platforms came from a single protocol. With approximately 80% of its trading fees allocated to $HYPE buybacks, @HyperliquidX is operating on a completely different scale. Meanwhile, platforms like Jupiter and GMX follow a different approach, directing a significant portion of their fees toward liquidity providers rather than token holders. And there’s another detail worth paying attention to: 7 out of these 13 DEXs still haven’t launched a token. Despite that, they collectively generated around $15M in fees during the same period. To put that into perspective, Hyperliquid spends roughly that amount on $HYPE buybacks in just one week. The takeaway? Trading volume is only part of the story. What really matters is how protocols distribute the value they generate and who ultimately benefits from it. Not every perp DEX is building the same kind of token economy.

Crypto card scams are getting ridiculously creative 😂 Imagine finding a crypto card that promises: → No KYC required → $100K spending limit → Up to 8% cashback → 0% foreign exchange fees → Apple Pay & Google Pay support → Free airport lounge access → Premium metal card → Only $1 to get started Sounds too good to be true? Well, it gets even better. They also claim to be licensed in four different countries. The catch? It’s all being advertised through a fake Trust Wallet card website. A card offering everything you could possibly want, with almost no requirements. The only thing they really want is for you to connect your wallet. As crypto cards gain mainstream attention, scammers are getting better at making fake products look legitimate. A polished website and impressive benefits don’t mean a project is trustworthy. Always verify the official website before connecting your wallet. Sometimes the most expensive crypto card is the one that costs just $1. 💀

TermiX TGE in Q4? 👀🪂 Could $TMT be getting closer to launch? There’s growing speculation around a potential Q4 TGE for @termix_ai, although the team has yet to announce an official date. One interesting development is TermiX appearing in Kaito’s airdrop section, with a portion of the token allocation reserved specifically for Kaito stakers. But TermiX is building more than just another token. Through its AACP infrastructure, the project aims to create an onchain economy where AI agents can operate independently. • Establish onchain identities • Offer services and compete for tasks • Receive payments through USDC/USDT escrow • Build reputation through completed work • Participate in staking and dispute resolution The Kaito campaign breakdown: → 0.30% of total $TMT supply allocated → 0.24% reserved for ranked creators → 0.06% dedicated to Kaito stakers → Rewards expected to be fully unlocked at TGE The interesting part isn’t just when $TMT launches. It’s whether TermiX can turn its campaign momentum into real economic activity between autonomous agents. A Q4 launch remains speculation, not confirmation. But with the Kaito campaign gaining attention and the infrastructure taking shape, TermiX is definitely a project I’m keeping an eye on. Will $TMT arrive before the end of 2026?

Vlad finally talked about Robinhood Chain during the Q3 earnings call. And somehow, we learned more from that than from the entire HOOD Summit. The numbers tell an interesting story: Over $50M in total fees generated $26M recognized as Robinhood revenue 22% of the company’s crypto revenue 4x the contribution from Bitstamp Here’s the part that stands out: Without Robinhood Chain, crypto revenue would have declined quarter-over-quarter. Instead, it grew 20%. Meanwhile, prediction markets have already overtaken crypto as a revenue driver. Robinhood’s crypto business isn’t growing across the board. Robinhood Chain appears to be doing most of the heavy lifting. The question is whether Robinhood can turn that momentum into a sustainable ecosystem, rather than another short-lived revenue spike.

Could Prediction Markets Become Robinhood’s Next Billion-Dollar Business? @RobinhoodApp built its reputation on stock and crypto trading. But by 2028, another category could generate even more revenue: prediction markets. According to Bernstein analysts, Robinhood’s prediction-market revenue could reach $1.7B, compared with $1.6B from crypto trading. The interesting part isn’t the $100M gap. It’s the amount of trading activity required to make those numbers possible. Here’s how the economics break down. ⬢ $1.7B in Revenue Requires Serious Volume Prediction markets don’t turn every dollar traded into revenue. What matters is the percentage Robinhood actually retains. To generate $1.7B annually: • At a 0.25% effective revenue rate → $680B in trading volume • At 0.50% → $340B • At 1.00% → $170B Using the middle scenario, Robinhood would need roughly $932M in daily trading volume. And that’s before considering operating expenses. ⬢ Why Event Trading Has an Advantage Crypto activity often rises and falls with market sentiment. Prediction markets have a different catalyst: the real world. Every major sports event, election, or economic announcement can create fresh trading opportunities. Robinhood also doesn’t need to start from zero. It already has customers, an established app, and a distribution network. Adding prediction markets could increase engagement and transaction revenue from users already on the platform. ⬢ Volume Alone Doesn’t Tell the Story Imagine Robinhood processes $300B in prediction-market trades annually. At a 0.25% effective revenue rate, that generates $750M. At 0.50%, it becomes $1.5B. At 1.00%, it reaches $3B. Same volume. Completely different business outcomes. That’s why fees, revenue-sharing arrangements, customer retention, and regulatory developments matter just as much as trading activity. ⬢ The Bigger Picture Prediction markets aren’t necessarily replacing crypto. They could become another major revenue engine alongside it. The opportunity is to turn Robinhood from an app people open when markets move into a platform they use whenever something important happens in the world. But Bernstein’s numbers are still projections, not guaranteed results. The real question isn’t whether prediction markets can attract billions in trading volume. It’s whether Robinhood can turn that activity into sustainable, profitable revenue. And that’s what I’ll be watching.

AI Agents Need More Than a Wallet Giving an AI agent access to a wallet is one thing. Letting it handle paid work without someone watching every step is a different challenge. That is where @termix_ai AACP gets interesting. An agent can take a job, agree on the terms, lock the budget in escrow, and submit the result for review before payment is released. The important bit is that the rules are set before the work starts. Escrow helps protect the payment process. Delivery verification and dispute resolution give both sides a way to handle disagreements. I think this is one of the harder problems in the agent economy. Agents need more than the ability to execute transactions. They need a reliable way to do business with each other. That is what makes TermiX worth keeping an eye on. cc : @OVGNFT

Crypto Card Weekly Roundup | October 19–25 Another eventful week for the crypto card industry. AI-powered payments are gaining momentum, stablecoins are expanding across networks, and launching a crypto card is becoming faster and easier than ever. From major infrastructure upgrades to new products and rewards, here’s what happened this week. @StripeCrypto × @privy_io Stripe Issuing and Privy are making stablecoin card launches significantly faster. Fintech companies can now build card programs in weeks instead of months, with integrated onboarding, card controls and direct spending from stablecoin balances. @wirexapp $WPAY is migrating to Arc, with Polygon support scheduled to end in November. Wirex also reported more than $2B in annualized onchain card spending across its infrastructure in Q3. @ether_fi Introduced read-only account integrations with AI assistants through MCP, including Claude and ChatGPT. Added PDF and CSV statement exports. Acquired selected Zeal assets, allowing existing users to migrate through the app. @Mastercard Opened early access to Agent Pay for Machines. AI agents can now make payments for digital services while respecting predefined spending limits and business rules. @cashi Introduced Cashi USD Account, offering personal accounts with ACH, Fedwire and SWIFT support. Advertises zero fees and 1:1 conversion into USDT or USDC. Also launched a 10% Solana Breakpoint ticket reward, capped at $50 through November 14. @raincards Providing the infrastructure behind @gokubupay, an early BitGo Labs project. Its stablecoin-funded card includes an AI assistant designed to analyze spending activity. @reapglobal Expanded to @monad, where Meru plans to introduce the network’s first stablecoin card program. Also enabled spending from stablecoins held in @crossmint wallets. @useTria Integrated @arc, allowing users to send, receive and convert USDC. Funds can be used for card top-ups or transferred into trading accounts. @itstuyo Buy Now, Pay Maybe is being retired on October 31. A new flat 1.5% cashback program begins November 1. AI agents can access account information, but actions require user approval. @PulsarMoneyApp Added the ability to fund accounts using another payment card. Arbitrum stablecoin deposits are now supported without bridging fees. @SolidYield Launched downloadable PDF statements covering individual months or custom date ranges. @lava_xyz Introduced Lava Private, combining segregated Bitcoin cold storage, Bitcoin-backed credit and inheritance planning with dedicated support. @Solayer_Pay Expanded direct deposits to USDT on BNB Chain and USDC on Base. Both networks join existing support for Solana, Ethereum and Arbitrum. @allscaleio Launched its business crypto card powered by @InterlaceMoney. A consumer-focused card is planned next. @altitude Businesses can now manage multiple companies through a single account. Each company gets separate accounts, cards and permissions, with free instant internal transfers. @eldoradoio Announced a stablecoin-powered credit product in partnership with @talamobile. Built on @tempo, the initial rollout is planned for Bolivia. @DptPay Physical Visa card shipments are expected to begin in mid-November. The card features a US Visa BIN and no annual fee. Waitlist registrations are open, with pricing still unannounced. @EthenaPay Introduced a simple FX display improvement. Users can tap the exchange rate on a card transaction to reverse the displayed currency pair. @Exa_App Preparing several additions, including tokenized stocks as card collateral, subject to governance approval. Business accounts and multiple cards per user are also planned. @BleapApp Reported a payment processing disruption involving Unlimit on October 24. Some card transactions were affected, while customer funds and transfers remained cc and video : @0xVishnya

Crypto Card Cashback: The Numbers Behind the Marketing $1,000 in monthly spending. How much cashback do you actually receive? Crypto cards love promoting their highest reward rates. But those percentages rarely tell the full story. I looked into the official reward structures of seven popular crypto cards to see what an everyday user could realistically earn by spending $1,000 per month. Here’s how the numbers compare: @Bybit_Official Promoted cashback: 2–10% Higher rewards require VIP status or significant spending. Regular users receive 2%, but rewards are capped at $5 monthly on eligible crypto-funded transactions. Actual return: $5 @okx Promoted cashback: 2–10% Premium rates are reserved for VIP customers. Standard users can earn 2% when spending USDG, subject to a 0.1% spread and reward limits. Actual return: ~$19 @krakapp (US) Promoted cashback: Up to 2% Maximum rewards require approximately $150,000 in average assets. Balances below $1,000 earn nothing. With $1,000 or more in assets, the rate starts at 1%. Actual return: $0–$10 @KASTxyz Promoted cashback: Up to 3% The highest tier requires a Private membership costing $10,000 annually. The free Standard plan offers 1.5%. Actual return: $15 @Plasma One Promoted cashback: Up to 4% The free Lite tier pays 2% on the first $500. Spending beyond that earns just 0.1%. Rewards are distributed in XPL. Actual return: ~$10.50 @cryptocom (US Credit Card) Promoted cashback: Up to 3.5% Higher rates depend on subscriptions or CRO staking. Basic users earn 1.5% in BTC on the first $250 and 1% afterward. Actual return: ~$11 @ether_fi Cash (Core) Promoted cashback: 3% The Core tier offers 3% on the first $2,000 in spending. Cashback is distributed in ETHFI. Actual return: $30 The takeaway? A card advertising 10% cashback doesn’t mean you’ll receive $100 after spending $1,000. Your actual rewards depend on several factors: membership tiers, asset requirements, spending limits, transaction fees, and reward tokens. For most everyday users, the effective cashback rate is closer to 0–2%, regardless of what the marketing banners promise. That’s exactly why Card Map’s True Cashback Calculator focuses on what matters: your spending habits, your membership level, and the rewards you can actually collect. Forget the advertised percentages. If you spend $1,000 with your crypto card today, how much are you really getting back?

Most people are fading Robinhood & SOL memes thinking it's dead It happens every time. Buy when everyone thinks it is over Sell when everyone think it is Bull season.

Stripe x Plasma: The Next Evolution of Crypto Cards 💳 Multi-currency stablecoin payments are becoming a reality. @StripeCrypto has teamed up with @Plasma as its design partner to bring a new generation of crypto cards to market. Here’s what they’re working on: • Support for USD, EUR, BRL, MXN, and COP • Spend directly in euros without routing transactions through USD • Multiple currency balances linked to a single card, with automatic currency selection at checkout • Support for USDC, OUSD, and qualifying GENIUS-compliant stablecoins • Available across 30+ countries, with plans to expand beyond 100 by 2027 The people building it are equally ambitious: @patrickc sees an opportunity to make global balances instantly spendable at over 100 million merchants. @sternhenri highlights how businesses can launch multi-currency cards without developing the infrastructure themselves. @pauliepunt wants users to be able to spend like locals, wherever they are. Meanwhile, @zaheerebtikar is already teasing Q4 developments. And the numbers are worth paying attention to. Plasma One processed $25M in card transactions during September, representing 7x growth since May. Now, with Stripe’s infrastructure behind its multi-currency ambitions, Plasma is taking another step toward making stablecoins useful for everyday payments. The future of crypto cards isn’t just about spending crypto. It’s about making borders and currency conversions increasingly irrelevant.

WEB3 Cards / What You Missed This Week ! I have compiled exactly what will be useful to everyone. @avici / Direct top-up with any token from Phantom, MetaMask, Trust Wallet and 100+ wallets (no swaps or transfers). @PulsarMoneyApp / Halloween double cashback for Pro users + new quests and 100% cashback on AI subscriptions. @Krak / Up to 6% cashback on travel via Concierge + working on opening more regions. @RedotPay / Celebrating 3-year anniversary. @ether_fi / Launched own stablecoin etherfi USD powered by Ethena. @okx / Launched OKX Money + OKXICE Tokenized Securities Venue. @AgoraCards / Cards UI migration (maintenance; old interface temporarily restored). @LasoFinance / Pay for ChatGPT Plus/Pro/Codex with crypto + gift cards (Roblox etc.) + Hermes plugin live. @norafinancexyz / $BRS is now the best on-chain route from BRL to USDC/USDT on Base. @0xinfini / First Infini Card with no $10 opening fee (Pro/Max/Lite). @SolidYield / Euro cards live: zero fees on EUR spending via EURC or soUSD (Credit mode). @kardpay / Up to 70% off on travel coming soon. @usemotocard / $50 monthly membership with unlimited lounge access for members and guests through year-end. @DeblockApp / 3x growth over the past 12 months, targeting 4x by EoY. @eldoradoio / Promoting “El Dorado dollar dream”: earn in dollars, spend in local currency. @wirexapp / Preparing Full Stack London (Nov 12) focused on stablecoins, payments and AI. If you see something interesting, share it in the comments!