Young Crypto

THE UNITED STATES OF AMERICA OWNS HOCKEY GOLD MEDAL FOR THE USA 🇺🇸

🚨 TRUMP:90-DAY PAUSE EFFECTIVE IMMEDIATELY

TRUMP SAYS US WILL BE WORLD CAPITAL OF AI AND CRYPTO

Democrats will be invading Twitter headquarters on January 6th

The future is gonna be fantastic

You are the media now

🚨BREAKING: Trump's odds on Polymarket just hit 69.420%! THE HOLY NUMBER HAS BEEN HIT! WE DID IT ‼️🔥🔥

was curious so as a good intern created a chart Trump Polymarket Odds and Bitcoin Price

I’m so hard

Multidimensional gas pricing: vitalik.eth.limo/general/2024/0…

Bitcoin ETF net inflows are beginning to go parabolic. Since Feb 8th, the ETFs have averaged >$500M in daily inflows with over $2 billion added over the past 4 days. Dynastic players are making dynastic moves.

This report is so devastating regarding Biden's ability to serve that the betting markets are repricing his odds of being the Democrat nominee. How does Biden convince people he's fit to serve when he spent the last week retelling his conversations with dead people?

The Grayscale Trade is Dead.

@NateGeraci @crypto Yeah it’s basically done. Latest I’m hearing (from multiple sources) that final S-1s are due 8am on Monday as SEC is trying to line everyone up for Jan 11th launch. That said, I still want to hear it from the SEC to call it official.

The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC. Again all part of the process of bringing ETF to market.. h/t @martypartymusic

UPDATE: The $GBTC discount is compressing fast. Was 25% yesterday at close. I have it currently at 17% and still closing

🚨 JUST IN 🚨 The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF! Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your support and encouragement. Next up: our legal team is actively reviewing the Court's opinion. Follow @Grayscale for updates.

BREAKING: There it is, @Grayscale wins their lawsuit against the SEC. DC Circuit court of appeals is vacating SEC's denial of $GBTC's conversion into an ETF.

GRAYSCALE WINS LAWSUIT AGAINST SEC

Yeah man crypto is the future, let me bring you up to speed First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out) This caused the largest crypto hedge fund to go insolvent due to excessive leverage, 3AC ($3B AUM wiped out) 3AC borrowed funds from all the largest crypto lenders, each of who went insolvent after bank runs inevitably occurred, causing a market wide credit crunch Celsius ($12B AUM, $1.2B deficit), Voyager ($1.6B AUM, ~$670M default), BlockFi ($3.9B AUM, $400M revolving credit) Voyager and BlockFi were bailed out by FTX/Alameda, but ah turns out they were complete fraud too With $10B of customer funds siphoned from FTX to cover Alameda’s losses, a bank run took place, creating a second contagion wave, leaving Voyager/BlockFi rekt again Genesis Lending, under the DCG conglomerate, also went bankrupt due to Alameda/FTX exposure ($3B shortfall) Gemini was lending $900M in customer funds to Genesis, so they and their customers inevitably got wrapped in the mess too No doubt TradFi is involved in this too, with the collapse of two banks that were key banking partners for crypto Silvergate (FTX’s banking partner and ran an payment network for crypto exchanges) experienced a bank run and collapsed after losing $1B on bonds While SVB (Circle’s banking partner for USDC and most tech startups) experienced a bank run and collapsed after losing $1.8B on bonds Not looking too good for Signature Bank either, which runs the ‘other’ bank payment network for crypto exchanges Can’t forget the SEC trying to strongarm the industry from shutting down Kraken’s staking product to calling Paxos’ stablecoins a security and shutting down BUSD, and much more Various banking regulators also strongarming banks into refusing to onboard crypto companies as clients, forcing them overseas and to use sketchy counterparts Anyways Have you heard of liquid staking derivatives and re-staking? Pretty cool financial engineering right there, crypto innovation never stops 💪