Spot ETFs have been net sellers of Bitcoin in four of the last five trading sessions with flows into the new ETFs being more than offset by flows out of GBTC (and maybe Coinbase and Canadian ETFs, too).
Losing money in crypto is more anxiety-inducing than losing money in stocks.
Crypto currently has three use cases: Store of value (Bitcoin), retail eurodollars (stablecoins) and speculation (everything else).
Crypto’s current comeback has not surprised its true believers, who knew it was only a matter of time.
The ETF approvals come as the SEC pursues a multi-front strategy of crypto oversight and rule-changing.
Unexpectedly buoyant stock prices seem to be at odds with a pervasive sense of global worry, economic pessimism and general malaise.
Trading volumes are shockingly high ($10 billion over just the first three days) but trading has nonetheless remained orderly, despite Gary Gensler’s warnings to the contrary.
MakerDAO is complicated: subDAOs, the Endgame, PSM, DSR, crypto vaults, stability fees… all of the core terms that describe the MakerDAO protocol have been invented to describe the MakerDAO protocol.
The right to publish and use cryptography in the United States is rooted in our First Amendment right to free speech.
The Bitcoin ETFs are now live, which means we can begin looking for our next narrative.
What’s good for traditional finance is not good for bitcoin, despite whatever happens to its price
Newton's first law of motion states that an object at rest stays at rest and an object in motion stays in motion (with the same speed, in the same direction) unless acted upon by “some external cause.”
