YuriY

Tether froze 3.29M USDT to the hackers. Tether cares.

1/ I’ve spent most of the last few weeks since the Google, Caltech papers to think about tradable implications around quantum computing and crypto specifically what happens to the market around q-day

On this Market Cap episode, our Director of Institutional Services @stefanosanabria speaks with @dlawant, Head of Research at @Anchorage. Anchorage Digital is a key crypto infrastructure provider for institutions to securely hold, move, and actively use digital assets. Positioned at the intersection of custody, staking, and market access, it’s helping shift crypto from passive exposure to a fully integrated financial system. On Market Cap we feature firms and funds to explore the thinking that guides them, the patterns they observe, and other forces moving the markets. Chapters 01:44 Real vs Perceived Crypto Momentum 05:22 Late-Stage Bear Market Psychology and Fatigue 10:44 Crypto Institutionalization through a TradFi Lens 16:17 What Anchorage Actually Does Beyond Custody 20:45 Who Anchorage Really Serves Across The Market 22:48 Why Institutions Need External Research Partners 31:09 Market Apathy in Volumes and Leverage 35:37 Everyone thinks BTC will Chop 60–80k 38:30 Options Boom: Yield Strategies 48:23 Signals that Confirm a Market Regime Shift 54:06 Directions for Future Research

@DerrickEvans4WV I went through LGA yesterday, and security was maybe 10 mins or so.

🚨 BREAKING: Massive TSA lines at LaGuardia Airport in NYC stretch into the parking lot.

Crypto's notable resilience during this moment of market turmoil is a masterclass on the importance of liquidity, leverage, and investor positioning trends. It's also a great reminder not to overindex on short-term price movement!

Also as mentioned in the article, if you’re not already following @dlawant I would urge a subscribe asap! He is one of best at his craft for his uncompromised fidelity towards accurate and unbiased data

Thinking of hosting a salon style dinner in early Feb in NYC for people building / trading options in crypto. Who's in?

Excited to do a live talk about digital assets with two of our great clients! Be sure to tune in, you don't want this FOMO.

I've never been anti or pro nice racing cars (or whatever the proper way to call them is), but after living in Miami for a bit now, I can officially say that I hate @Lamborghini and the people who drive them. That is all.

Every seat in this giant arena that isn’t roped off for security is packed to the ceiling. Honored to be here. All for Charlie Kirk.

Anchorage Digital Bank—the first and only crypto bank and stablecoin issuance platform under federal @USOCC oversight—is proud to be the issuer of @tether’s new GENIUS-compliant stablecoin, advancing the strength of the U.S. dollar for decades to come.

@TrungTPhan Would love it if they updated their advanced UI sometime from the current windows 98 look/feel. Otherwise, great company with solid product set.

Interactive Brokers replaced Walgreens in the S&P 500 index. Its Hungarian-American founder Thomas Peterffy still owns over 70%(!!) of the $108B firm, which is up ~4x in the past 5 years. He ranks 24th in the world with a net worth of $73B. Peterffy could barely speak English when he arrived in America in 1965. He eventually enrolled at NYU Engineering then dropped out to work as an architectural draftsmen on highway projects. He taught himself to code and bought a seat on the American Stock Exchange in 1977. There, he traded options and helped design the first electronic (and automated) stock-trading platforms, leading to the founding of what would become Interactive Brokers. The online discount broker went public in 2007 with a market cap of ~$12B. In 2024, it did net sales of $5B with juicy pretax margins 70%+. Revenue mostly from net interst margin on customer deposits ($100B+) and commissions (~4m trading accounts, with average of 200x trades a year). The majority of business is from hedge funds, RIAs, large banks and institutionals (interface isn’t the most user-friendly…but trading/research tools, automation, order types, lowest trading costs and fast direct connection to 160+ global exchanges are a huge draw). It’s also the 5th largest prime broker in the world. Peterffy stepped down as CEO in 2019 when he turned 75. But remains Chairman and with that 70%+ ownership, the only people in finance wealthier than him are Warren Buffett (10th, $149B) and Michael Bloomberg (15th, $109B). *** Business Breakdown has good pod on the company: open.spotify.com/episode/3zK3it…

Special thank you to our compliance staff and everyone else who worked tirelessly over the last 3+ years to ensure that Anchorage does not just meet, but exceed the high standards that the OCC sets for chartered banks.

When most crypto folk think of Q2 2022, the immediate thing that comes to mind was Terra/Luna collapse, but for me the event that hits closest to home is this was also when Anchorage received its consent order from the OCC. Consent order is no more.

Thank you David, it was great working with your team.

These statistics are crazy. esp, knowing how banks IT departments work.

NOW - DOGE Staffer Speaks Out, Unveiling Mission to Fix IRS’ Outdated Infrastructure | “I really care a lot about this country, and this is a huge program that is currently 30 years behind schedule.” For the first time, a member of the DOGE team has spoken publicly about the mission that they're on. Sam Corcos, now a special adviser to the U.S. Treasury Department, is laying out his undertaking to drag the IRS’ outdated systems into the present. Corcos said: “I have been brought in to look at the IRS’ modernization program, in particular, as well as the operations and maintenance budget. I really care a lot about this country, and this is a huge program that is currently 30 years behind schedule and it’s already $15 billion over budget.” “The goal is to take——the IRS has some pretty legacy infrastructure——It’s actually very similar to what banks have been using. It’s old main frames running COBOL and assembly.” “The challenge has been, how do we migrate that to a modern system. Virtually every bank has already done this, but we’re still using a lot of those same systems.” “Typically, in the industry this takes a few years, maybe a few hundred million dollars, and we’re now 35 years into this program.”

An idea @DavidSacks One way to add $BTC in a budget neutral way is to require all crypto exchanges, miners, OTC broker & other crypto biz’s to pay taxes in #bitcoin Accumulate faster, & also reduces selling pressure into dollars to pay taxes.

@NHL @NHLPA League is getting a ton of new fans off of the success of the 4 nations tourney. For the love of everything holy get rid of the off-sides reviews where goals are taken back as a result. I just watched Mackinnon get his 1000th point, with all the teammates coming out to congratulate him, only to have there be a 10 minute review and the goal taken away because someone was offsides by a 1080 pixel that was irrelevant to the scoring play. This happens probably >100 times a season. This type of thing needlessly loses fans and does very little to help make the game more fair.