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THE DAILY INDEX

Technology, AI, software, security, crypto and business

PROGRAMMING, DESIGN & DATA SCIENCE

TLDR

BIG BANKS EXPLORE VENTURING INTO CRYPTO WORLD TOGETHER WITH JOINT STABLECOIN

The biggest banks in the US are in discussions about whether to team up and issue a joint stablecoin. The talks are in early stages and any final decision would depend on how stablecoins will be legislated. Banks have been bracing for the possibility that stablecoins could become widely adopted under President Trump. Stablecoins could speed up more routine transactions, but there is still some skepticism about the security of the technology and the regulatory implications of getting involved with digital assets.

$1M REVENUE, $0 PROFIT: OUR D2C REALITY CHECK

Kodgem built its business around a device that helped people with their posture. Despite the company's growth to $1 million in revenue, there was zero profit for its founders due to several mistakes, including inventory planning disasters, no real financial management, and failed marketplace partnerships. The founders never paid themselves, causing them to almost burn out completely multiple times. They had gotten caught up in the growth story and forgotten the most basic rule of business: you need to make more money than you spend.

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