BCI Capital retweetledi
BCI Capital
1.6K posts
@NewYorkStateAG @Kalshi I don’t know how you think you get to regulate financial swap markets that’s the feds job
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My office and a group of AGs are supporting a lawsuit against @Kalshi for illegally offering sports betting that violates states' gambling laws.
Kalshi’s sports event contracts are gambling by another name, and they should play by the same rules as every other gambling platform.
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@EricBalchunas Actually it’s more like a break even point past 7.5 yrs as the 75bps is on both buy and sell vs very low internal cost. Will be interesting once depository receipts of digital assets rollout
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Big news. Def better deal than most crypto exchanges for newbies but IMO it’s tough sell vs ETFs (which are 2bps to buy vs 75bps for Schwab direct). That said ETFs have ann exp ratio vs none buying direct. Bottom line: if you buy btc one time and one time only and plan to hold 5+ yrs then direct is cheaper. Otherwise ETFs for the win all day long.
Nate Geraci@NateGeraci
Schwab announces spot crypto trading will begin rolling out in the coming weeks... Details include: -Direct trading in btc & eth -Can view crypto holdings alongside tradfi investments -Pricing = 75bps on dollar value of each trade Plans to add addn'l crypto assets as well.
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@DaveYostOH States don’t have the right to regulate derivatives markets that’s the cftc
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BCI Capital retweetledi
One desk. One contact. Every trade.
"If we want to execute in size, we don't have to talk to six or seven people. There's always been a single point of contact for us at Kraken, and that's a huge deal." — Tom Lee (@fundstrat), Chairman of @BitMNR
Learn more → kraken.com/institutions/o…
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BCI Capital retweetledi
BCI Capital retweetledi
@DustinGouker Also coinbase rolled out support for prediction markets at roughly that time too
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Kalshi has more than doubled weekly trading volume since December, and it eclipsed the previous high of Super Bowl week.
Not shockingly, most of this is sports.
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@DustinGouker It’s already one of the most dowloaded app to begin with not an indicator of trading volumes of their prediction market product
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Despite leaning into March Madness "trading," Coinbase does not appear to have done much customer acquisition this week, per Sensor Tower data.
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BCI Capital retweetledi
Ironically, if a crypto rewards ban went into law, it would make us more profitable since we payout large amounts in rewards to our customers holding USDC.
But we don’t want this to happen, it’s better for customers to get rewards, and it’s better for the US to keep regulated stablecoins competitive on a global stage.
Brian Armstrong@brian_armstrong
I'm confident we can achieve a market structure win-win that advances the President's crypto agenda while addressing the concerns of the banks. Our focus throughout will be to advocate for what's best for crypto users. We’re all in - we were the first ones fighting for market structure before it was popular, and we’re staying at the table. GENIUS passed 6 months ago and is now being re-litigated. That deeply impacts our customers. Coinbase attended both recent White House meetings and the crypto industry is aligned. We’re making good progress towards reaching a win-win-win between the White House, banks and crypto, and we'll keep advocating for what's best for crypto users, especially core consumer benefits like rewards.
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@VictorRocha1 Yes it’s a no brainer to pull from Arizona and then just focus on predictions markets offerings!
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Will DraftKings pull out of Arizona?
iGB@iGamingBusiness
NEWS: Arizona Governor Katie Hobbs unveiled her $17.7B budget proposal last month, which included a call to raise the state's sports betting tax rate to 45% for “large operators” handling at least $75M per month. Sportsbooks have paid 10% since the market launched in 2021.
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BCI Capital retweetledi
F MLB and F ESPN for this
Hyeseong Kim Muse 김혜성@HyeseongKimMuse
So unless I’m misunderstanding, you’re required to sign up for a free trial of “ESPN Unlimited” to get MLB TV this year, and then if you forget to cancel the ESPN part, you get auto-charged an extra $30/month? Scummy. 💻: mlb.com/dodgers/live-s… H/T @dead_baseball
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BCI Capital retweetledi
Pouring dry powder into crypto. The more it falls the more I buy. The more uncomfortable I get the better I feel. Chaos is a ladder.
#Crypto #bitcoinboy #xrp #buybuybuy #bigballs
This is not investment advise.
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BCI Capital retweetledi
PATRICK MCHENRY: "I DO THINK THE BANKS HAVE AN OVERBLOWN CONCERN THAT CRYPTO IS GOING TO DESTROY THEM BY ONE REGULATORY CHANGE THAT ENABLES PEOPLE TO GET SOMETHING BACK FOR HAVING THEIR MONEY AS A STABLECOIN."
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BCI Capital retweetledi
Out: Odds set by the house.
In: Price set by the crowd.
Now there's a new way to trade your takes.
Prediction markets are live in all 50 states on Coinbase.
Trade any real-world outcomes across sports, politics, culture and more.
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BCI Capital retweetledi
@HadickM @TraderNoah I’m hearing big things about this upcoming kraken ipo!!!
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It's the same as what's happening in the token and private markets - the actual asset matters. CRCL was the best performing IPO of 2025. Figure was among the best. Bullish was fine / mediocre. Strongly believe Kraken will perform well. But the others were not public quality companies - outside of AI no trend will save a bad company once its in the public market. All you have to do is look at the book makeup, if it's entirely hedge funds they are just going to trade the IPO pop.
There are a lot of crypto companies that are not public company quality that are looking for liquidity - agree this will become harder and harder as even the hedge funds don't make money.
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didn't bother to look at the book, but the IPO was obviously an adverse selection moment, like every other crypto IPO over the past year.
There can only be a few more of these charts before overzealous funds stop bidding crypto ipos at 2x above fair value
Noah@TraderNoah
Sure, but funds like Theia would bid on secondary market if we thought the ipo price was a good r/r. There just happens to be a large swath of funds playing the game of "it's overvalued, but what if it pumps". Don't get me wrong, I agree with the heart of your message: equity can have utility for users
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BCI Capital retweetledi
BCI Capital retweetledi
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.
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@CSP_Trading Draftkings does not market make it’s on cme market makers
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So on Draftking predictions, the only people allowed to market make are the in house team (DK) No one else is allowed to submit limit orders.
So that means that 26 cent scam bid for blues (fair value is like a fraction of a penny) is DKs In house MMing team scamming its users
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