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Eye-opening, isn’t it? Guess the country.

If Bitcoin is to eat a good chunk of global monetary premium, which in theory translates to lower P/Es on equities, one loosely talked about aspect of Bitcoin mass-adoption is that holders will (in theory) have more favorable valuations to allocate into on the other side

Entering month 7 of downward driftsolidation, manifesting bullish Q4 -> Q1 seasonality

I would suggest this is a primary source of pain for crypto folks.

Fed interest rate cuts follow two trajectories: 1) a response to deflationary shocks (a.k.a. crises) 2) a response to gradually easing inflation We are in the latter scenario, which almost always results in a big risk-on rally.

Our FTX Estate Breakdown: Our best estimates mark about $5-$8 billion in total that’s already been sold to a distressed firm. Of the remaining half, a non-trivial amount are just *tainted* claims that’ll never be received by the user (unsure what happens to these claims /

Their 'custody failure' was holding funds in ftx?? Capital held certain crypto assets in online trading accounts on crypto asset trading platforms, including FTX Trading Ltd., that were not qualified custodians.

Galois getting sued for violating the qualified custodian rule is tough for hedge funds. A lot of assets simply can’t be held with a qualified custodian. Restricts those funds to trading on Coinbase.

JUST IN: 🇺🇸🇰🇵 FBI warns that North Korea is trying to hack and steal US crypto & #Bitcoin ETF funds.

Over the last five years, #Bitcoin has been an outsider to the tradfi community, and it’s only now dipping its toe into global finance. Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, and $BTC is here to stay.

I know a lot of people are bored and losing their minds with the market ranging for 7 months now, so decided to write up some Bitcoin bullishness for the timeline: Been thinking a lot about portfolio construction lately and position sizing. I keep coming back to there's nothing

I'm far from a credit and/or macro expert, but for all of the recession fears, despite some weakness starting to show in the labor market, it's interesting to see that credit spreads are still at multi-year lows.

So if I'm getting this right, the yield curve is steepening as the market is no longer worried about inflation in the short term + expectation of lower FFR, which will likely reignite inflation years out and therefore make the bond mkt demand a higher yield for longer-duration?

If one thinks through the long term implications of the altcoin market having zero appetite for new coins, i think you come to the conclusion that most large sized VC funds in crypto will disappear if broad based demand never comes back

t bills about to outperform eth LMAO

Every time I re-look at stablecoin numbers I’m just blown away. 0 to nearly $3T. Incredible —

Telegram quietly updates FAQ, removing: "All Telegram chats and group chats are private amongst their participants. We do not process any requests related to them."

$16B for AirTrunk's 800MW of Operating Capacity = $20M/MW. #Bitcoin Miners Trade at $3M/MW Pivot = Profits