The response I get when people ask what I do for a living is a function of the price of bitcoin: at $60,000 I got a lot of interested follow-up questions; at $20,000 I got a lot of pitying looks.
A page-turning novel remains the highest possible form of art, in my opinion — still better than movies, TV, TikTok, music and even sports (unless your team always wins).Â
The ETF approvals come as the SEC pursues a multi-front strategy of crypto oversight and rule-changing.
Is Buffett correct about surprises?
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.
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.
