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EmptyKOLs
@DonCryptoDraper· 9 days agoThe easiest 30k I ever made. On FTX you could apply for presale allo tickets worth 500. it was random so I never won, except for this one called atlas. One day before launch got the 500 allo, next day woke up to 30k in my account. Sold it immediately, invested all in NFTs 🫡
@scottmelker· 10 days agoGalaxy sold 80,000 Bitcoin - and the market didn’t even flinch. Not 800. Not 8,000. Eighty. Thousand. BTC. An OG pile of massive proportions. For context: 🇩🇪 Germany dumped 49,858 BTC in mid-2024 and it shook the market. Prices tanked. Panic set in. Everyone freaked out over regulation, Mt. Gox, FTX, Ukraine - you name it. Galaxy just sold 1.6x that - and nobody cared. Want another frame? 💥 FTX’s initial hole was $8B (later revised to $11.2B). Galaxy’s sale? Same ballpark. That’s how big this was. One more comparison: 📈 MicroStrategy holds 607,770 BTC. Galaxy just sold 13.1% of that. Roughly equal to Marathon Digital’s 50,000 BTC + 21Shares’ 37,230 BTC combined. And the market shrugged. Something is changing. I wrote about this in my daily newsletter; you should subscribe, it's free. https://t.co/RxBfVwodc8
@ConstanceWaing· 10 days agoPeople often ask who's on Pacifica's team. This is one of my favorite questions because I feel extremely grateful to work alongside such a stellar group with diverse backgrounds. We have crypto experts from Binance, FTX, Coinbase, NFTperp; tradfi veterans from Jane Street, Fidelity; and AI pioneers from OpenAI, DeepMind, ByteDance. This unique combination positions us to solve the industry's core challenges: execution speed and quality, seamless user experience, and intelligent automation at scale. We're not just building faster infrastructure - we're reimagining how trading should feel. Read more: https://t.co/cDY57Od54j
@realMaskNetwork· 10 days ago1/2 🚄 A Hitchhiker’s Guide to Web3: July Recap Vol.2 is here! 🌐 The U.S. passed 3 major crypto bills. 🇺🇸 SEC pitched an “innovation exemption,” and ETH whales went full send 💎 — $2.1B flowed in, 23 whales stacked, and Arthur Hayes declared Ethereum Season. Asia quietly led the charge. FTX faced backlash over a $470M claim freeze, Beeple struck a nerve again, and Elon Musk revealed Grok AI’s male persona: Valentine. 💘 📢 @thefireflyapp launched a new cross-posting campaign theme, and @web3bio now shows blog updates from your ENS-linked site. 📖 Dive in: https://t.co/K4iYRuz1lb
@coinbureau· 12 days ago🚨$1.9B INCOMING FOR CRYPTO? FTX just got court approval to release another round of repayments. The record date for eligible claims is August 15 — distributions start September 30. A fresh wave of liquidity could be heading back into the market! 🔥
@mdudas· 13 days agorip ftx customers rekt by sbf first, the feds second https://t.co/HD0mW3daYf
@Assemble_io· 13 days agoNEWS FLASH: Anthropic raised a new funding round at a $150B valuation, revaluing FTX's former 8% stake sold for $1.3B to over $12B.
@CobakOfficial· 13 days agoFTX plans to distribute $1.9B to creditors starting Sept 30, following bankruptcy court's reduced claims reserve. More updates to come. More info🔍 https://t.co/G72sCFmJTA #FTX #Crypto #Investment #Bankruptcy #Claims
@TheCurrencyA· 14 days agoFTX Rejects 3AC’s $1.53B Claim as “Baseless” - https://t.co/5X7uRJBHRo - #cryptocurrency #bitcoin #altcoins https://t.co/W9muCE4ORY
@fintechfrank· 14 days agoRT @Austin_Federa: Generally if a series A crypto startup is offering you this much it's because either a) they are not actually series A but raised a big enough seed round to claim it or b) the company is really struggling and you are effectily joining a distressed asset. I think people should talk about this stuff more openly -- back after FTX collapse i got two unsolicited offers from new L1's or L2s to join them. One was $650k cash + "10m over 4 years" in tokens, the other was $225k cash about 1/10th the tokens of the first based on most recent valuations at the time the first one never launched a token and largely failed as a project, the second one's token is trading well in the top 20 and valued where the first one claimed it was Obviously I wasn't gonna leave solana -- but I hope this is illustrative for folks. if the offer feels too too to be true, there's likely a reason.
@ThinkingCrypto1· 14 days agoRT @ThinkCryptoPod: 📈 Today's Top Trending Coins🪙 #Solana $SOL comes in first, followed by FintruX Network $FTX, and then Sahara AI $SAHARA Data is from Santiment. Follow for daily updates on crypto token social trends. https://t.co/EzTb1kYudm
@ThinkCryptoPod· 14 days ago📈 Today's Top Trending Coins🪙 #Solana $SOL comes in first, followed by FintruX Network $FTX, and then Sahara AI $SAHARA Data is from Santiment. Follow for daily updates on crypto token social trends. https://t.co/EzTb1kYudm
@CoinDesk· 14 days ago🗞️ Tes******res dive, but its Bitcoin stash soars to $1.2B. 🗞️ Denver grand jury indicts couple in $3.4M crypto scam targeting churches. 🗞️ Bankrupt FTX to begin next $6.2B cash redistribution Sept. 30. @JennSanasie hosts "CoinDesk Daily."👇 Thank you to @MidnightNtwrk 👋 for being a sponsor of the CoinDesk media network.
@humanDAO· 14 days agoFTX crashed, but look how $SOL kept its dev community close and strong through the storm. That’s proof that trust and transparency are the real assets in crypto. $BTC $ETH $PEPE $SPX $LTC https://t.co/Urh6HoKHsF
@Austin_Federa· 14 days agoGenerally if a series A crypto startup is offering you this much it's because either a) they are not actually series A but raised a big enough seed round to claim it or b) the company is really struggling and you are effectily joining a distressed asset. I think people should talk about this stuff more openly -- back after FTX collapse i got two unsolicited offers from new L1's or L2s to join them. One was $650k cash + "10m over 4 years" in tokens, the other was $225k cash about 1/10th the tokens of the first based on most recent valuations at the time the first one never launched a token and largely failed as a project, the second one's token is trading well in the top 20 and valued where the first one claimed it was Obviously I wasn't gonna leave solana -- but I hope this is illustrative for folks. if the offer feels too too to be true, there's likely a reason.
@BSCNews· 14 days ago🚨JUST IN: FTX PLANS TO BEGIN ITS NEXT ROUND OF CREDITOR REPAYMENTS ON SEPT. 30, CREDITORS TO RECEIVE $1.9B FOR UPCOMING PAYOUTS
@WuBlockchain· 15 days agoFTX will distribute funds starting September 30, 2025, to holders of allowed Class 5, Class 6, and outstanding Convenience Claims, based on a record date of August 15. A court-approved $1.9 billion reduction in the disputed claims reserve—from $6.5 billion to $4.3 billion—will fund the payout. https://t.co/7Gsr0Hot4s
@FTX_Official· 15 days agoFTX today announced that the anticipated record date for the Next Distribution is August 15, 2025. Read more details here: https://t.co/pQ4SUq9XPn
@zhetengji· 18 days agoFTX 现在不想让我发言了！！ 他们提交动议说我住在新加坡，不在“受限制司法辖区”，所以不让我发言。 可你们把我的债权标记为disputed！我就是还没拿到钱的债权人！ 请注意，你们的受限制司法辖区动议还没通过，还没生效！我作为债权人，有权利参与和发言！ FTX Recovery Trust is trying to silence me! They filed a motion saying I’m in Singapore—not a “Restricted Jurisdiction”—so I shouldn’t speak. But my claim is disputed! I’m exactly the kind of creditor who hasn’t been paid! Your Restricted Jurisdiction motion is not approved yet. As a creditor, I have the right to speak! #FTX #FTXbankruptcy #CryptoJustice #FTXcreditors
@WatcherBuru· 19 days agoBREAKING NEWS: FTX Founder Sam Bankman-Fried to receive Presidential Pardon and be released from prison later today. https://t.co/id94oT6XYs
@BTC_Archive· 21 days agoRep. Angie Craig: Bitcoin and crypto "will continue to grow." Clarity Act "would have prevented the FTX collapse." https://t.co/uMii52vWw0
@ArfurRock· 23 days agoWe're drunk on our stupidity, again. Bribing founders with homes? Free secondaries as % of investment? Celebrating founders who leave the team out to dry? Counting GMV, bookings, distribution contracts, and equity raised as "ARR"? Manufacturing positive GM by burying COGS? Taking 10x+ more in secondaries than ARR? Lying about illicit content on platform? Fake performance data to arrange meetings with S****, S**, for clout? Call girls on corporate cards? All while investors cheer from the sideline and beg to give more. FTX 2.0 is coming. p(0.9) <24 months. I won't stop the music, just a reminder — it's so obvious. You're not serious people. We have the Mandate of Heaven. History is our promise. Be better. Enjoy the party in the meantime. I'll be waiting on the other side.
@FloodCapital· 23 days ago$GLXY is my largest position, take a minute to read why, I think $100/share is on the table in the next few years and there is ample liquidity to size into this. Here is a short summary of why I believe $GLXY is such a sleeper and significantly undervalued/misunderstood by the market. Myself and some of the @Delphi_Digital guys @3xliquidated @KSimback are working on a more formal report which will dive way deeper but here is a teaser: @novogratz's @galaxyhq is quite a complex business with a ton of different moving parts and that's why I think its very undervalued. If you are willing to hold for 12 months and are bullish on Crypto + AI I think there is a significant rerating incoming. There are 3 main components to Galaxy that need to be understood to grasp its potential 1) The Balance Sheet Galaxy has over $3B in crypto + cash + crypto venture investments on its balance sheet with a market cap of ~$8B. The interesting part about this is 2 fold, firstly all of their crypto venture / infrastructure investments many of which have not been marked up. (@Franchise9494 can give some good color here if you are looking to dive deeper.) Secondly, this extremely strong balance sheet creates a foundation in which Galaxy can build its other business lines off of. Notably Galaxy acquired Helios a MASSIVE data center campus in West Texas with a 2.5GW potential - which could be one of the largest in the US if fully built out and approved, let's chat about that first. 2) The Data Center Business Helios has 800MW of approved power and a 600MW contract signed with CoreWeave $CRWV that will provide $900M a year in average annual revenue, almost all the costs flow through to $CRWV giving Galaxy EXTREMELY attractive economics (better than basically any other Hyperscaler deal out there) with management estimating 90% EBITDA margins. The reason they got such an attractive deal is because unlike other Bitcoin miners Galaxy has a massive balance sheet that they can use to finance the buildout of Helios. The first 800MW build out it will cost them ~$5-6B of Capex which they plan to fund with 20% equity and 80% debt, they have ample cash on the balance sheet and the build out will happen in phases so as MWs come online and CoreWeave starts paying rent they can do a cashout refinancing to help fund the rest of the build out for Helios. To make sure they had enough cash for this + other BTC mining acquisitions they raised $500M at $19/share (I will speak to this more later). Management is expecting no more dilution for this build out given they should be able to do the cash out refinancing + have a strong balance sheet and cash position. Then comes the next 1.7GW of power Galaxy has applied for with Helios. A critical point here is that Helios applied for this additional power with ERCOT back in 2021/2022 when the data center race had not even started yet so they are at the front of the queue for new approvals. Access to power is one of the main hurdles new data centers are facing and Galaxy is in a fantastic position here vs peers when it comes to Helios. Management is expecting approvals in 2 tranches, an 800MW tranche and a 900MW tranche. They have said they are expecting the 800MW tranche to be approved soon (before EOY). Which will bring their total power up to 1.6GW (600MW contracted to $CRWV already) leaving them with 1000MW up for grabs. If they can contract this out to another hyperscaler on the same terms as the CoreWeave deal then it will bring their average annual revenue up to ~$2.4B/year at 90% EBITDA margins, on a company that is only an $8B market cap ($3B of which being assets)! Management on the latest earnings call has also said they are exploring 40+ Bitcoin mining sites that they may look to acquire and convert into AI data centers. This could massively expand Galaxy's power pipeline beyond the 2.5GW at Helios and they have the balance sheet + expertise and partnerships to pull it off. There is a great podcast by @wsfoxley with Brian Wright from Galaxy that dives into the whole data center business, critically he mentions their strong relationship with CoreWeave and multiple other Hyperscalers that could be potential future customers at Helios or other sites Galaxy develops. Again Galaxy's balance sheet meaningfully differentiates them from other Bitcoin miners who typically have very little cash to fund buildouts. If you want to learn more about Galaxy's data center business check out @RHouseResearch's fantastic deep dive - I highly recommend it. If the buildout of Helios is successful this one part of the business could be worth multiples of Galaxy's current market cap, here is a nice table from @RHouseResearch that shows what this may look like: 3) The Crypto Businesses This has been Galaxy's main focus historically and if my memory is correct the split of employees is roughly 650 in the crypto business lines vs 150 in the data center business. There is a lot to unpack here but let me give you the highlights. Galaxy is essentially involved in any activity you could think of that touches crypto: Franchise Trading (Principal liquidity, derivatives, lending & structured products) - $874M loan book (2nd or 3rd largest CeFi lender in all of crypto) - 1,381 trading counterparties with >$10B in trading volume per quarter (cool to see this recent BTC whale using Galaxy to sell their BTC) Investment Banking (M&A advisory, equity and debt capital markets, general advisory) - Advisor to Bitstamp on their sale to $HOOD - Has been an investor and involved in recent treasury deals like $SBET and $BMNR Asset management (Alternatives, Global ETFs/ETPs, Crypto Services) - >$7B of assets on the platform (involved with multiple ETFs) - Won contracts like the FTX estate deal - >$3B in assets staked with them (4th largest validator on Solana, rumored to becoming a $HYPE validator) ^ Involved with lots of these treasury companies and can help them custody + stake assets like $ETH $SOL $HYPE - Galaxy is a go to player for these companies - Just announced an oversubscribed crypto venture fund of $175M Infrastructure Solutions (Staking Solutions, GK8 - custody/tokenization) - Owns GK8 an institutional grade self custody and tokenization platform - Is in a joint venture for @AllUnityStable the first fully regulated EURO stable coin (owns 33%, 33% owned by flow traders and 33% owned by DWS) As you can see Galaxy is involved in basically anything and everything that is interesting with crypto and has laid the foundation to be the go-to institutional partner for traditional finance firms looking to get involved. This is a massive growth business and you need to think what it could be worth to a Goldman Sachs or Blackrock if they wanted to build all this infrastructure out themselves or potentially acquire Galaxy. (Although I asked @novogratz on the recent AMA twitter spaces and he said they are not interested in selling any time soon). Conclusion I hope this gives you a good basic understanding of exactly what Galaxy is doing, I believe it is significantly undervalued due to its complexity. But that my friends is our opportunity. I think Goldman or Morgan Stanley (or another big firm) will put out some research on Galaxy soon to help tell the story and I am pretty confident it is undervalued if you were to sum all the parts together. In the future once Helios is off the ground Galaxy could also spin out its data center business to appeal to that specific investor base. Goldman and Morgan Stanley were the two main underwrites on the recent $500M dollar raise that took place at $19/share - Rossenblatt a smaller firm on the offering put out some research a couple weeks ago - I think the big boys may follow suit soon. Personally Galaxy feels like great R/R here given $19 should act as support from the raise and fundamentally their business's are booming with Crypto going more main stream and the demand for data centers being red hot! Please note this is not financial advice and I am simply sharing my thoughts on Galaxy, I am personally a long term investor in this stock and sincerely believe in its potential.
@BTW0205· 24 days ago🧐 FTX 倒下那年，我开始重新定义对中心化交易所的信任，而 #Binance 能走到今天，也不是侥幸—— 看到币安八周年，心里涌起一阵回忆； 想写点什么，不知道从哪里开始，就随心流淌写点吧，因为币安这八年，也是我的入行八年！ 我是2017年入圈的，那年币安刚创立—— 两个时间点的交汇，也让我见证了它从边缘到中心的整个过程。 Web3 这几年换了无数个 narrative，有的消失了，有的爆火了，但能沉下心、活成行业“基建”的，币安是少数。 刚开始的时候，我在多个区块了峰会见过 CZ 在台上介绍币安，介绍币币交易，那会儿币币交易的定位并不被主流接受，聚币、云币还在风头上。 我也是满脑子疑问，觉得这样一家交易所要做的事情，这么不方便难道真的会有未来和前景吗？ 没人会想到，下一秒九四来袭，大浪淘沙之后，第一个跑出来的竟是一个没人看好的新交易所。 所以我一直觉得，真正的创业机会，往往藏在“所有人都不看好”的地方，就和我们投资一模一样！ 接下来的日子，风起云涌，我们经历了 Defi 崛起、经历了312，经历了 Gamefi 和 NFT 的岁月，行业在飞速发展，而币安在一步一个脚印的走向更完整的 WEB3 综合类平台！ 币安当然是起来了，就和我们看到一个人强大起来后，就仅仅只会看到光鲜亮丽的一面， 如今很多人也只看到币安今天的 2.8 亿用户，900 多亿的日交易量，却没看到 CZ 当年卖掉房子 all in BTC，也没看到 CZ @cz_binance 和一姐 @heyibinance 一起扛过的那些压力与诱惑。 个中艰辛，无法言语！ 这八年，交易所的格局变了无数次，但一个规律始终没变：不是谁最创新谁活得久，而是谁最稳。 我始终记得CZ的创业宗旨：做正确的事情！ 这也是我愿意相信币安的理由！ 币安能从一个币币交易平台，走到合规、风控、教育、支付、Launchpool、钱包，甚至成为 Web3 入口级的存在，跟 CZ 的行事风格有很大关系。 当然它也不是没有问题，一路走来，监管拉扯、用户流失、产品争议，但能在变化中活下来，并持续优化系统，确实足够难得。 八年过去，币安成为全球最大加密交易平台，拥有超过 2.8 亿用户和 41% 的现货市场份额。 对这个行业来说，这确实是一个值得记住的传奇。 期待下一个八年。 也期待我们所有人，都能一起走到那时。 爱你们，爱WEB3，爱自由和梦想！ #BinanceTurns8 #Binance
@milesdeutscher· 24 days agoI still remember the day $BTC crashed to $16k during FTX, and I did a market update video from a hotel in London about buying the fear. Now we're at $122k. We've come a long way. Surreal.
@BowTiedBull· 24 days agoKeep the crypto hoodies where they belong. In the trash. You lost everything in FTX.
@Dmailofficial· 25 days ago🚀 Congrats on @SperaxUSD's launch on Binance Alpha listing. As a close partner, we've witnessed the Sperax team keep building and grinding over the past five years — despite the Terra and FTX hit. With a strong team and top-tier institutional backers like Polychain and Jump Trading, we believe this marks a new chapter for Sperax. Binance Spot next — maybe? 👀 Something big might be brewing...
@wublockchain12· 26 days agoBlockFi 破产清算方与美国司法部（DOJ）就一项 3,500 万美元加密资产转移诉讼达成和解，该案现已被法院以“带偏见撤诉”形式驳回，意味着无法重新提起。该诉讼最初由 DOJ 于 2023 年 5 月提出，涉及从两名爱沙尼亚籍嫌犯的 BlockFi 账户中扣押资金，所涉刑案与 BlockFi 破产程序无关。BlockFi 此前已与 FTX 达成 8.75 亿美元索赔和解，并于 2023 年 9 月获批破产重组计划。(Cointelegraph) https://t.co/KSwaP93pXy
@sunil_trades· 27 days agoWhile everyone celebrates BTC at ATH - 118k We remember FTX Customers with BTC are being paid back at 16.8k https://t.co/9DpHX6N9o7
@WuBlockchain· 27 days agoBillions on the Line: A Top Chinese FTX Creditor’s Battle for Recovery Will, a major Chinese FTX creditor, warns that the exchange’s proposed “Restricted Jurisdiction” motion could strip creditors in China and 48 other countries of repayment rights. He argues the motion is unjust, as FTX-appointed lawyers would determine legal eligibility, and calls for urgent opposition before the July 15 deadline. Will shares his personal loss, legal actions, and efforts to organize affected creditors to fight for fair treatment. Read More https://t.co/U56rzA40aJ
@CryptoRank_io· 28 days agoIf @pumpdotfun reaches its fundraising goal of $1.32B (private + public sale), it would become the third-largest token sale ever. Current top 5: 1. Vaulta (formerly EOS) - $4.26B 2. FTX Token - $1.75B 3. Terra - $1.2B 4. UNUS SED LEO - $1B 5. Celsius - $0.91B https://t.co/Gl6RZrekXi
@Variety· 28 days agoMatt Rife Among 10 Cast in Netflix’s FTX Series ‘The Altruists’ https://t.co/7tXi8iWnD6
@cryptonews· 28 days ago😡 A Chinese creditor of @FTX_Official has pushed back against a proposal that could cut off creditor distributions to users in certain jurisdictions. #China #FTX https://t.co/bI8IrOEdWz
@TheBlock__· 29 days agoChinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions https://t.co/pkpAyHlFcX
@arianneben2434· 30 days agoIf FTX ultimately fails to provide compensation to its Chinese individual users, I will no longer trust any American financial institution. This experience has severely shaken my faith in the US financial system.
@avax· 30 days agoStablecoin regulation is heating up in DC, but the real fight might be over how market structure gets defined. At Avalanche Summit London, Baylor Myers of BitGo says FTX could've been avoided if custody and exchange roles were separate. Here's why it matters 👇 https://t.co/JlDfQOzOtA
@CryptoRank_io· about 1 month ago📈 Market Overview The crypto market shows mixed signals, with total market cap at around $3.4T. Major coins posted moderate gains amid mild volatility, while some altcoins saw significant surges. Cautious optimism prevails despite a slight dip in trading volume. $BTC: $108,907 ↑0.68% $ETH: $2,570 ↑1.81% $TON rose nearly 10% on rumors of a UAE ‘Crypto Golden Visa’ tied to TON staking, but quickly pulled back after officials denied the claims. Market Cap: $3.54T 24h Liquidations: $182.65M Fear & Greed Index: 73 (Greed) Altcoin Index: 32/100 👉 Latest News - FTX Recovery Trust halts payouts in 49 jurisdictions - Long-dormant 2011 Bitcoin wallets reawaken, moving 80,000 BTC in 24 hours - @OndoFinance and @PanteraCapital launch $250M fund focused on RWA tokenization 👉 Small Cap Gainers #KoriThePom $KORI +117.9% @MYX_Finance $MYX +96.9% @EchoProtocol_ $ECHO +82.2% @bonk_fun #LETSBONK +81.4% @BuildOnViction $VIC +32.8%
@swapincom· about 1 month agoWeekly Industry Update: June 30 - July 6 Market Movements - Bitcoin is up 1.12% over the last 7 days, currently at $108,951 - Ethereum is sitting at $2,570 with a 3.8% increase from the previous week - Last week’s top 3 gainers were BONK (47.9%), TIA (13.1%), XDC (9.2%), while the top 3 losers were AERO (14.6%), JTO (12.2%), SEI (11.2%). - The crypto market’s Fear & Greed Index is at 52 Neutral today - Crypto market capitalization is at $3.36 trillion, up 0.91% since yesterday - Bitcoin's market cap dominance is currently at 64.4%, Ethereum at 9.2%, and other cryptocurrencies at 26.3% - Stablecoins' market capitalization has risen by 0.81% in the last 7 days, currently at $255 billion, with USDT dominance at 62.38% - NFT sales volume decreased by 15.89% over the previous 7 days, while total transactions decreased by 20.28% Investments & Partnerships - Minna Bank pilots stablecoin use on Solana with Fireblocks and TIS (link) - Ondo Finance and Pantera are launching a $250 million fund to back real-world asset projects - Bitcoin consortium targets Thai public firm in treasury strategy push - Robinhood launches tokenized stock giveaways amid OpenAI denial and DeFi backlash - JP Morgan and S&P Global explore tokenized carbon credits - Cartwright Pension Trusts sees growing interest in Bitcoin investment amongst clients - Coinbase acquires token management platform LiquiFi to broaden its service offerings - AI education firm Genius Group expands Bitcoin treasury holdings - Deutsche Bank plans to launch a crypto custody service by 2026 - Figma considers increasing Bitcoin exposure ahead of anticipated NYSE debut - Eric Trump’s American Bitcoin raises $220 million in private stock sale to boost BTC holdings - The Blockchain Group raises €11 million to grow bitcoin holdings and drive long-term value Regulatory Developments - Sweden’s justice minister pushes for aggressive crypto seizures under new law, backed by Bitcoin reserve advocates - Supreme Court declines case on crypto exchanges’ customer data compliance - House to advance key crypto bills in mid-July, aiming to block CBDC and boost U.S. digital asset leadership - Ripple joins Circle in pursuing a US banking license - Trump’s ‘big beautiful bill’ passes Senate without Bitcoin tax breaks - Sen. Cynthia Lummis proposes a bill to ease crypto taxes with $300 exemption - Stablecoin leader Circle seeks national trust license to become a bank - Crypto firms in Singapore risk jail and fines for failing to meet new licensing rules -Barclays joins UK banks limiting crypto purchases via credit cards - Kazakhstan plans to create a Bitcoin and crypto reserve - IMF denies Pakistan’s request to subsidize power for crypto mining - Bank of Korea halts CBDC project Crypto Security - Hackers breach Brazilian bank network via $2.7k insider bribe, launder $140 million worth of funds through crypto - Detroit sues Real Token and 165 LLCs over 400+ neglected properties - India’s NCB arrests engineer in country’s largest darknet drug bust using Monero; over $82K crypto seized - Crypto ransomware negotiator investigated for profiting from extortion payments - Scammer impersonated Trump-Vance official to steal $250K in crypto, DOJ reports - OFAC sanctions Russian hosting firm for facilitating crypto theft - DOJ charges fake North Korean developers ‘embedding’ in crypto startups - Spanish police bust $540 million crypto investment fraud ring - Singapore wraps $2.2B laundering case with fines Blockchain Tech & Gaming - Wimbledon stars headline 'Flappy Racquet' Telegram game ahead of SCOR token launch - Bella Protocol launches Yugijo, a USDC coin-flip game with an AI companion - Ubisoft introduces AI agents in the ‘Captain Laserhawk’ game to enable voting and governance More Industry Updates - $8 billion in 14-year-old Bitcoin was moved by a mysterious whale, likely an early miner - Bitcoin ETFs see $601.8 million surge as markets brace for Trump tax plan - FTX freezes $500m in distributions tied to China and crypto‑restricted nations - BitMine trading halted twice as Ethereum treasury firm shares surge - JP Morgan projects the stablecoin market to reach $500 billion by 2028 - Bankrupt Celsius cleared to pursue $4B lawsuit against Tether over alleged Bitcoin liquidation - Tokenized stocks like Nvidia, Tesla, and Strategy are now trading on Solana via Kraken and others - Coinbase hit with $95M selloff, but analysts expect Q2 rebound - Mastercard hires crypto VPs to deepen digital asset and blockchain push - Influential financial advisor, Ric Edelman, recommends that crypto should make up to 40% of portfolios - BitMine stock jumps 400% after $250 million raise for Ethereum treasury - Strategy boosts bitcoin holdings as MSTR stash approaches $64 billion - Ex-ECB official warns Europe to support euro stablecoins or risk losing financial influence Have a successful new week ahead! 🤝 - Swapin Team
@YeruiZhang· about 1 month agoRT @zhetengji: 感谢 @Cointelegraph 直接引用了我在推特上的发言。但那只是我观点的一部分，最核心的内容仍未被提及：FTX 的债权是以美元计价并结算的，我们目前已经进入赔付分发阶段，这与加密货币监管没有任何关系。中国公民获得美元赔偿在法律上并不存在任何风险。FTX Recovery Trust 此次动议从一开始就缺乏正当的法律依据。 在 Celsius 的破产案中，这同样是一家美国的加密货币公司，他们通过银行电汇的方式向债权人进行赔付，中国债权人也顺利收到了赔偿。那为什么 FTX 就不能以同样的方式赔偿中国债权人呢？
@fishkiller· about 1 month agoRT @keyahayek: Will 以前是我的投资人，现在是真的在帮 FTX 的中国债权人做事情（不是二次收割），洋文媒体都已经在报道了，请中国 Crypto 媒体帮帮他们🙏
@0xAA_Science· about 1 month ago没用过 FTX，但是中国公民在FTX的加密货币资产都是合法资产，应该受到赔偿。
@keyahayek· about 1 month agoWill 以前是我的投资人，现在是真的在帮 FTX 的中国债权人做事情（不是二次收割），洋文媒体都已经在报道了，请中国 Crypto 媒体帮帮他们🙏
@adamscochran· about 1 month agoTo answer this question: Shaun spews his hateful, racist, and disinformation fuelled shit, and gets away with it because @sequoia considers him their little “Elon Whisperer” He basically brings them alloc in Elon’s high profile companies - which they feel they need after the FTX meltdown. Roelof Botha, is now the managing partner at Sequoia. Hes a long time colleague of Musk, coming from South Africa, then did an MBA at Stanford and was hired by Elon Musk at the original X, became CFO of PayPal before joining Sequoia; and apparently he doesn’t care about Sequoia’s brand (or I can assume agrees with Shaun and Musk’s tasks on things) But it’s a shame because Sequoia was meant something. It’s early key people like Doug Leone, Bill Coughran, Jim Goetz, Michael Moritz and Alfred Lin, had all really built a track record on being a reputable VC firm, focused on product driven experiences. I know many Sequoia portfolios have complained to partners about Shaun’s takes, and that many wouldn’t consider Sequoia in future rounds (just like plenty of startups will avoid Sequoia because of Shaun) - but it’s basically been shrugged off. It’s a shame, and I hope they do something about it - but until they start hearing from LPs like the pension funds and endowment funds that invest in them, it looks like they’ve decided they’ll light their brand on fire if it means chasing Musk companies! 🤷♂️
@Phyrex_Ni· about 1 month ago**的路虽然不好走，但总是有人要迈出第一步的。虽然我没有 FTX 的敞口，但我希望能在帮小伙伴们**的路上尽自己的微薄之力。
@zhetengji· about 1 month ago感谢 @Cointelegraph 直接引用了我在推特上的发言。但那只是我观点的一部分，最核心的内容仍未被提及：FTX 的债权是以美元计价并结算的，我们目前已经进入赔付分发阶段，这与加密货币监管没有任何关系。中国公民获得美元赔偿在法律上并不存在任何风险。FTX Recovery Trust 此次动议从一开始就缺乏正当的法律依据。 在 Celsius 的破产案中，这同样是一家美国的加密货币公司，他们通过银行电汇的方式向债权人进行赔付，中国债权人也顺利收到了赔偿。那为什么 FTX 就不能以同样的方式赔偿中国债权人呢？
@scottmelker· about 1 month ago🚨FTX RECOVERY TRUST SAYS IT CANNOT PROCEED WITH REPAYMENTS TO USERS OF 49 JURISDICTIONS WHERE LAWS EITHER BLOCK OR RESTRICT CRYPTO ACTIVITY
@getkoinx· about 1 month agoHere are all the Centralised Exchanges you can integrate in your KoinX account: Aax AscendEx (BitMax) Aspire – Foreign Currency BIT BKEX BL3P BTC Markets BTC Trade UA BTC Turk BTC-Alpha BTCBOX BTCEX BW Bequant Bibox BigONE Binance BingX Bit2C BitBNS BitDelta BitFlyer BitForex BitMEX BitMart Bitbank Bitbuy Bitfinex Bitget Bithumb BitoPro Bitpanda Bitso Bitstamp Bittrex Bitvavo Buda Bybit ByteTrade CREX24 https://t.co/POOVc7JQKT Circle CoinDCX CoinDCX Web3 CoinFalcon CoinJar Exchange CoinSpot CoinSwitch Coinbase Coincheck Coinex Coinlist Pro Coinmate Coinone https://t.co/76USvyS84l https://t.co/76USvyS84l Poland https://t.co/A8CDJxQhnQ Delta Delta India Deribit DigiFinex Digital Surge EXMO Eqonex https://t.co/VqV35PIoYd FTX FTX US Fireblocks Flitpay FlowBTC https://t.co/YBxQ4u1ac2 Gemini Giottus HitBTC HollaEx Huobi Global Independent Reserve Indodax KoinBX Koinpark Kraken KuCoin Kuno LBank Latoken Liquid Luno Lykke MEXC Mercado Mudrex NDAX Newton Nexo NiceHash NovaDAX OKCoin OKX (OKEx) Oceanex Onramp Money Paymium Phemex Pi42 Pionex Poloniex RedEnvelope Ripio STEX https://t.co/9kLaI4vZhX SunCrypto Swyftx The Rock Trading TideBit Tidex TimeX Tokocrypto Unocoin Upbit Vauld https://t.co/kHp0ewFL7r WazirX WhiteBIT Woo XT YoBit Zaif Zamp ZebPay Zero Hash Zipmex Zonda iDEX itBit qTrade
@Cointelegraph· about 1 month ago⚡️ LATEST: FTX may exclude users in 49 countries from compensation due to local crypto bans. Over 82% of affected claims come from China. https://t.co/KE8gG5TZzJ
@TheBlock__· about 1 month agoFTX Recovery Trust says payouts may be forfeited in ‘restricted’ jurisdictions like China and Russia https://t.co/RtvW1EE5mh
@Assemble_io· about 1 month agoNEWS FLASH: New FTX bankruptcy filings reveal users from 49 countries, predominantly China with over 82% of claims, may be excluded from compensation due to local crypto regulations.
@WuBlockchain· about 1 month agoFTX has asked the court to approve a new process for handling claims from 49 restricted jurisdictions, where crypto is banned or limited. If legal advice allows, payouts will proceed. Otherwise, affected claims may be disputed and denied. Over 82% of the value comes from Chinese users. https://t.co/HpmZ53Z64q
@TechFlowPost· about 1 month ago中国等49个受加密政策限制地区或将丧失 FTX 索赔权益，中国用户占据受影响资金总价值的82%。 这就是美式抢劫么？ https://t.co/aoMxTTAoGu
@moon_shiesty· about 1 month agoim open sourcing solana-cpp, because @aeyakovenko asked me to its an incompete, undocumented, modern solana C++ sdk, built for high-performance trading, based on boost::asio its also contains a strategy framework with working serum and mango trading strategies. there's also an FTX client included😂 its two years out of date. @aeyakovenko if you like it, give me a grant to update it to 2025 solana and document what ive done https://t.co/9wT279F5Hf
@DappRadar· about 1 month agoQ2 2025 was one of the worst quarters for Web3 security since FTX 😓 Web3 lost $6.3B to exploits in Q2 2025 - a 215% spike from last quarter. Most of the losses came from the Mantra exploit, which wiped out $5.5 billion in value alone. https://t.co/XdUwK6nLxi
@Phyrex_Ni· about 1 month ago帮 Will 喊一声，应该是我知道的 FTX 中国区赔偿 **第一人了。
@thearreatsummit· about 1 month agoBir yatırım şirketinin bir projeye yatırım yapması, o projenin başarılı olacağını garanti etmez. Aynı şirketin portföyündeki diğer projelerin geçmişte değer kazanmış olması da, yeni yatırımın yükseleceğini göstermez. FTX, Alameda, Three Arrows gibi faciaları unutmayın! https://t.co/OKyKjCmo56
@sunil_trades· about 1 month agoFTX: Restricted countries Disputed claims 49 Jurisdictions -5% allowed claims in restricted countries 82% of value in China Due to local laws that 1) crypto currency trading is not permitted or 2) distributors not allowed
@cryptomocho· about 1 month agoRT @ichimikichiki: Looks like Kroll FTX are fucking retards. They think they have claims that are two hundred times more than all the money that exists in the world... 🤦♂️ https://t.co/PZovEn2SIW
@SolvProtocol· about 1 month agoRT @RyanChow_DeFi: 2022 was the year it all broke. BlockFi. Celsius. 3AC. FTX. Everyone chasing “safe” yield on their Bitcoin suddenly realized: the yields weren't real. And for me, that changed everything. I’d been in crypto long enough to believe in decentralization, but it wasn’t until that moment that I truly understood what it meant to build infrastructure people could trust without trusting us. We asked ourselves a simple question: What would it take for someone to confidently put their BTC to work, without giving up self-custody, transparency, or optionality? That’s when the idea behind SolvBTC was born. We didn’t try to promise insane yields. We focused on building yield primitives, real engines that generate real returns: • Delta-neutral DeFi strategies • Borrow-lend loops with stablecoins • Structured yield from integrations like Binance Launchpool We also took compliance seriously, long before most DeFi protocols did by getting SolvBTC vaults certified as Shariah-compliant. Fast forward: • In one year, we crossed $100M in TVL. • In two, we passed $1B. • Now, we cross $2B. And that’s only the beginning.
@RyanChow_DeFi· about 1 month ago2022 was the year it all broke. BlockFi. Celsius. 3AC. FTX. Everyone chasing “safe” yield on their Bitcoin suddenly realized: the yields weren't real. And for me, that changed everything. I’d been in crypto long enough to believe in decentralization, but it wasn’t until that moment that I truly understood what it meant to build infrastructure people could trust without trusting us. We asked ourselves a simple question: What would it take for someone to confidently put their BTC to work, without giving up self-custody, transparency, or optionality? That’s when the idea behind SolvBTC was born. We didn’t try to promise insane yields. We focused on building yield primitives, real engines that generate real returns: • Delta-neutral DeFi strategies • Borrow-lend loops with stablecoins • Structured yield from integrations like Binance Launchpool We also took compliance seriously, long before most DeFi protocols did by getting SolvBTC vaults certified as Shariah-compliant. Fast forward: • In one year, we crossed $100M in TVL. • In two, we passed $1B. • Now, we cross $2B. And that’s only the beginning.
@ichimikichiki· about 1 month agoLooks like Kroll FTX are fucking retards. They think they have claims that are two hundred times more than all the money that exists in the world... 🤦♂️ https://t.co/PZovEn2SIW
@WuBlockchain· about 1 month agoTokenized U.S. Stocks Surge: Major exchanges like Bybit, Kraken, and Robinhood have launched asset-backed on-chain stock products on Solana and Arbitrum, primarily targeting global (non-U.S.) users. Compared to the previous wave led by FTX, Binance, and Mirror Protocol, the new generation of tokenized U.S. equities focuses more on compliance, 1:1 real-asset backing, and integration with DeFi. Read more https://t.co/WpONAGABqd
@Fiskantes· about 1 month agoWhat if Terra would abandoned their faulty stablecoin mechanism and didn't implode? What if FTX managed to avert the crisis and plug their accounting hole? We will never know, but I am sure crypto landscape would look very different today
@Elikrypt· about 1 month agoBitcoin’s Price Journey (2009–2025): A Clear and Simple Guide Bitcoin’s story is a rollercoaster of ups, downs, and evolution from a niche experiment to a key player in global finance. Here’s a breakdown that’s easy to follow, showing how Bitcoin’s price has changed over the years and why. 2009-2010: Humble Beginnings → No market price → First purchase: 10,000 BTC for 2 pizzas (~$25-$41) 2011: First Boom & Bust → From $0.30 - $27 (+8,000%) → Flash crash: Dropped below $0.01 (Mt. Gox hack) 2012-2013:Momentum Builds → Broke $100 in April 2013 → Hit $1,000 by Nov 2013 → Ended 2013 around $13 2014-2016: Challenges & Recovery → Mt. Gox hack (lost 650k-850k BTC) →2014: $1,000 - $315 → 2015: Low $200 - ends at $430 → 2016: Steady rise - ends at $960 2017: Mainstream Breakout 🚀 →From $1,000 - $20,000 → ICO mania - media frenzy → China bans ICOs; US increases regulation 2018-2019: Crypto Winter ❄️ → Price crashed below $4,000 → Institutional interest quietly grows 2020: Pandemic Reset 📉 → March: crashed to ~$3,850 → December: surged to ~$30,000 → Rise driven by ‘digital gold’ narrative 2021-2023: Volatility Returns • April 2021: $64,895 (Tesla buys BTC) • 2022-2023: Terra Luna, FTX collapse another crash 2024: ETFs Change the Game → Spot Bitcoin ETFs approved in US → Price rally + reduced volatility 2025: Over $110,000 Milestone → Driven by institutional inflow + market maturity → Now acts as both risk asset and inflation hedge Why Does Bitcoin’s Price Change? Innovation & Adoption | Security Issues | Global Events | Institutional Interest | Regulation. NB: Bitcoin reached an all-time high price of $112,509.65 on May 22, 2025.
@avax· about 1 month agoRegulatory Clarity and Institutional Adoption: The Changing Face of Digital Assets The convergence of meaningful policy progress and growing institutional interest is creating unprecedented momentum in the digital-asset space. That theme dominated a recent fireside chat at Avalanche Summit London, where @BaylorMyers of @BitGo and John Darcy of SkyBridge Capital unpacked how new rules in Washington are reshaping the road map for blockchain adoption. From Washington Gridlock to Rule-Making Mode Just a few years ago, crypto lobbyists struggled to find receptive ears on Capitol Hill. “We have seen a seismic shift in sentiment among policymakers in Washington since my time there from 2017 to 2021,” said Meyers, who previously served at the U.S. Treasury. Evidence of that shift is everywhere: - SEC pivots to formal rule-making: New chair Paul Atkins has instructed the agency to draft crypto rules through notice-and-comment procedures rather than high-profile enforcement sweeps—a signal that predictable guardrails may finally replace regulation by lawsuit. - The Digital Asset Market Clarity Act gains traction: The bipartisan bill would split oversight between the SEC and CFTC and, crucially, define when a token can “morph” from a security into a commodity. - Banking regulators soften their stance: In April, the Federal Reserve, FDIC, and OCC withdrew previous guidance that had effectively discouraged banks from touching digital assets, opening a clearer path for custody and stablecoin services. - Mortgage giants green-light crypto collateral: The FHFA has directed Fannie Mae and Freddie Mac to recognize verified crypto holdings in mortgage underwriting—an unprecedented nod to the asset class inside a cornerstone of U.S. finance. Meyers believes this wave of clarity is only the beginning. “By mid-2026 we’re going to have such a solid foundation in the U.S.—ideally no one is talking about regulation anymore. We all understand the rules of the road.” Institutional Capital Waits for the “Starting Gun” Darcy’s view from SkyBridge’s $3 billion portfolio mirrors that optimism; having roughly 70% of their assets being now tied to digital-assets. “Everyone’s just waiting for that starting gun to be fired off—clear sets of rules around what can be tokenized, what they can invest in, what the tax implications are,” he said. Stablecoins sit at the heart of that thesis. BitGo, which administers about $100 billion in customer assets, has rolled out “Stablecoin as a Service” after powering World Liberty Financial’s USD1 launch. Darcy called it another volley in “stablecoin wars heating up in a significant way,” noting Anchorage’s recent acquisition of Mountain Protocol as proof that incumbents are jockeying for market share. Custody: The Bedrock of Trust Both speakers stressed that investor protection hinges on robust custody. “Custodial activity should be segregated from exchange activity. Had that occurred, there may never have been an FTX downfall,” Meyers argued. Darcy agreed, recalling that weak custody options once kept SkyBridge on the sidelines: “For institutional capital flows, those safeguards have to be in place universally.” With the Fed’s softened guidance and the SEC’s shift toward clear custody requirements, many of those safeguards are starting to crystallize. That, in turn, could unlock the next wave of tokenization, consolidation, and public listings. Galaxy’s debut on Nasdaq, they said, is merely the first domino. The Avalanche Advantage Darcy closed with a prediction that Avalanche’s design choices—high throughput, rapid finality, and native L1s—position it well for the emerging regulatory order. He pointed out that Avalanche’s consensus architecture can settle thousands of transactions in a fraction of a second, a speed ceiling that accommodates everything from retail payments to high-frequency trading. Just as important, its L1 model lets builders spin up dedicated, application-specific blockchains that can enforce their own KYC/AML rules, geographic restrictions, or data-privacy settings without compromising the security of the wider network. That flexibility is resonating with institutions that need to square tokenization ambitions with evolving compliance mandates. Darcy summed it up this way: “Avalanche has kept its head down and continued to build in a responsible, institutional way—offering the rails, tooling, and regulatory opt-ins that big capital requires. In the next wave of digital-asset adoption, Avalanche is going to be a huge part of that.” To hear the entire conversation—including audience Q&A and deeper dives into stablecoin legislation—watch the full Avalanche Summit London panel here: https://t.co/K9a4uPDrQb
@MikeMcDonald89· about 1 month agoRT @0xfoobar: "Robinhood launching tokenized stocks is a nothingburger, we've had this for years. Just use Do Kwon's Mirror Protocol or SBF's FTX for a smooth UI"
@0xfoobar· about 1 month ago"Robinhood launching tokenized stocks is a nothingburger, we've had this for years. Just use Do Kwon's Mirror Protocol or SBF's FTX for a smooth UI"
@notsofast· about 1 month agoRT @basedkarbon: Synthetix Mirror protocol FTX ^ all did tokenized stocks It had no impact on the demand for crypto yet this time ppl are posting its bearish for coins. Nobody was saying tokenized stocks are bearish crypto in previous cycles. Shows how doomerism has spread like a plague.
@wublockchain12· about 1 month agoBoba Network 获得 7,000 万美元资金支持，并与 FTX Recovery Trust 达成 BOBA 代币协议。此次融资由 Awaken Foundation 与 LDA Capital 提供，将用于基础设施建设、AI 驱动的 dApp 开发与生态扩展。同时，Boba 基金会回收了 FTX 信托所持 BOBA 代币，并授予其未来 18 个月内以 $0.09/枚认购最多 2,940 万枚 BOBA 的权利。（Fortune）https://t.co/Al5BaZbqK4
@bobanetwork· about 1 month agoGboba, $70M committed to Boba Network & FTX Deal news released by @bobafoundation Read more below https://t.co/tsEPaBZVSg
@basedkarbon· about 1 month agoSynthetix Mirror protocol FTX ^ all did tokenized stocks It had no impact on the demand for crypto yet this time ppl are posting its bearish for coins. Nobody was saying tokenized stocks are bearish crypto in previous cycles. Shows how doomerism has spread like a plague.
@TreehouseFi· about 1 month agoRT @mytwogweis: Wen Treehouse TGE? I’ve been fortunate to experience both sides of a traditional IPO. First, as a junior on the Capital Markets team at HSBC - a stint that taught me one thing above all: timing is everything. Get it right, and your stock trades on narrative, momentum, and positioning. Get it wrong, and sometimes the story never recovers. Circle is one of the few that recently got it right, but only after delaying their IPO three times over four years. They finally pulled the trigger right after the stablecoin bill cleared Congress, and that patience has made them the face of crypto in public markets today. Most companies aren’t as fortunate; many flop, and some never even make it to the opening bell. I spent time on the other side too – as an Equity Research monkey for buy-side funds. That role taught me a few things: that an IPO is just the beginning; that managing investors is a full-time job; and that transparency and accountability walk a very fine line. Part of the role meant grilling CEOs, CFOs, and IR teams during earnings season, alongside institutions holding 5–10% of the company. Interestingly, crypto isn’t that different; except instead of BlackRock or the JP Analyst next to you, it’s a keyboard warrior with a penguin PFP yelling in Discord. And he’s heard. This is the only industry where anyone - user, investor, community member - can show up and sound like Bill Ackman on earnings day. And that’s beautiful. My point is this: a project’s TGE should be treated with the same seriousness as an IPO. To be clear, I’m not saying a TGE is an IPO (our lawyers are twitching as I write this). Tokens are a different beast. But having sat on both sides - Web2 and Web3 - I’ve come to respect what it means to get a launch right. But why write this? Accountability vs Transparency Crypto’s unique because the accountability spectrum is massive. Some projects have zero. Others, ironically, are more accountable than their Web2 counterparts. In Web2, accountability is often gated: top shareholders get the board seats and private updates, while everyone else waits for quarterly earnings calls. In Web3, anyone with skin in the game could potentially be in the same Telegram group. But accountability and transparency are not the same thing. You can be accountable without being fully transparent, and you can be transparent without being truly accountable. That might sound contradictory, but it’s how most robust systems are designed. Accountability isn’t about flooding people with information too. It’s about being responsible for outcomes. It’s about building systems where actions have consequences, and where incentives are aligned across stakeholders. That’s why transparency alone isn’t enough. Some teams overshare to appear honest, but never follow through. Meanwhile, some of the most responsible protocols rarely tweet, but consistently ship. The opposite is also true: a lack of constant transparency doesn’t mean you’re hiding something. Some of the best systems in the world, like blockchains, are trustless by design. They don’t care who’s the validator in your transaction. They work because incentives are aligned and rules are clear. The same logic applies to us at @TreehouseFi. Don’t just look at what we’re tweeting. Look at how we’re behaving, and look at the variables that naturally make us accountable. For starters: I’m doxxed (hi). We’ve been around for over four years. We’re 40+ full-time employees deep. And growing. And when it comes to transparency, we’re deliberate - because it’s a double-edged sword. Share too little, and people think you’re hiding something. Share too much, and you dilute the focus. The art is in the balance: knowing when to speak, what to show, and who needs to see it. And above all, making sure the people who actually have a stake in the outcome can trust that you’ll do what you say. That’s why we’re doing this now. Because this is one of those moments where transparency helps. Not performatively and not out of pressure. But because our community deserves to know what’s behind the curtain. So… Wen TGE? It’s the #1 question our socials team has been fielding for months. So here goes: We’re ready - but we’re watching. But… why wait when we’re ready? Because timing is a function of many things: market mood, liquidity conditions, capital flows, and thematics. It’s the same stuff IPO and DCM desks obsess over - especially if we want the token to perform, and not just spike on day one. Crypto equities may be hot right now, but if you zoom out, the token side looks murky. Liquidity is patchy at best, and any MM or exchange would tell you that weekday volumes in this market feel like weekend flow. Part of this is driven by $TRUMP, https://t.co/2miqEt6VLz, and this cycle’s meme rotations, which have collectively sucked out short-term energy. Outside of $BTC, capital hasn’t really rotated back in, yet. Therefore, we ask for your patience because this process is delicate. At the end of the day, we only get one shot - and we owe it to everyone who’s built with us, supported us, and waited for this moment, to get it right. @TreehouseFi has been around for four years. We’ve weathered Luna, 3AC, and FTX. And we’re still here. That says a lot. We’re not here to play the short game. And when we launch, it’ll be because we believe the environment is right for our token, our product, and our community. In the meantime, here’s what we’ve been focused on: how we’re thinking about product, positioning, and strategy. Because while TGE timing matters, it’s the fundamentals that do the heavy lifting after Day 1. 1. The Road for tETH Not all TVL is created equal: if the underlying assets aren’t being put to work, it’s a vanity metric. And if it’s propped up by private deals, it’s not sustainable. That’s why our vaults are capped. I’m proud to say that every unit of TVL in tETH today is fully deployed for its intended purpose, and not a single cent comes from backdoor deals today. Our growth strategy is long-term and measured. We don’t believe in short-term theatrics: that’s why you won’t see massive, sudden, unrealistic spikes on our charts. We want users who are here for the right reasons. Not mercenary capital, but real holders who see tETH as a way to earn $ETH staking yield, MEY arbitrage, and power the fixed income layer, DOR. We take inspiration from the best, knowing that Lido didn’t get here overnight, but through years of reliability and steady growth. That's the trust we are building for tETH. Over the weekend, $tETH became the 4th ETH asset to go live on AAVE Prime, and many more use cases are coming with the largest protocols in DeFi. 2. The Treehouse Token Everything we’ve done so far has been with long-term alignment in mind, and that’s why we’re confident heading into TGE. The majority of tETH’s TVL is unlevered, which means our points system isn't artificially diluted. We’ve been intentional from the start: filtering out sybils, adjusting for participation, and calibrating the system to reward consistency, not short-term spikes. The result is a distribution and payout that reflects actual contribution. More importantly, our token is not just a wrapper for points, but one with real utility, starting with DOR. We’re one of the first protocols to not only build a full fixed income pricing layer for crypto, but to publish a full book (“One Rate to Rule Them All”) on how it works, not for marketing, but because the mechanism matters. DOR is already being integrated by TradFi firms, RWA protocols, and even off-chain applications. And the entire system will be powered by our token. 3. Building an Ecosystem We’re not waiting around. We’re building an ecosystem around DOR. DOR is already seeing real-world traction. We’re working with RWA protocols to integrate DOR as their pricing layer. These aren’t pilots or grants: they’re commercial contracts we’ve signed. Two new chains are onboarding DOR to power their fixed income infrastructure, and one of the world’s largest prime brokers is using our data to price structured derivatives. These are serious institutions looking for trusted benchmarks, and they’re choosing us. We’ve been deliberate in how we support the ecosystem. We’re not just handing out grants and hoping something sticks. We’re focused on use cases that reinforce the DOR flywheel: protocols that deepen utility, increase data usage, and create recurring flows back to the token. Internally, we’re also building on top of the DOR stack. From yield products to index vaults, our team is developing native protocols from scratch to demonstrate what’s possible and create the initial surface area for DOR growth. These in-house efforts aren’t stopgaps; they’re designed to bring real value back to Treehouse and the Treehouse token over time. The goal is simple: make DOR the standard, and build the rails around it that let the ecosystem compound. Gaia is Coming We’re a 40-strong team, fully focused, building relentlessly, and playing the long game. No shortcuts, no smoke and mirrors: just real work and real progress. The fixed income and RWA revolution is coming fast, and @TreehouseFi will be at the center of it all. While others talk, we’re shipping - hitting vault caps, onboarding major partners, expanding to new chains, delivering new tAssets and use cases. This is only the beginning. Gaia is coming.
@mytwogweis· about 1 month agoWen Treehouse TGE? I’ve been fortunate to experience both sides of a traditional IPO. First, as a junior on the Capital Markets team at HSBC - a stint that taught me one thing above all: timing is everything. Get it right, and your stock trades on narrative, momentum, and positioning. Get it wrong, and sometimes the story never recovers. Circle is one of the few that recently got it right, but only after delaying their IPO three times over four years. They finally pulled the trigger right after the stablecoin bill cleared Congress, and that patience has made them the face of crypto in public markets today. Most companies aren’t as fortunate; many flop, and some never even make it to the opening bell. I spent time on the other side too – as an Equity Research monkey for buy-side funds. That role taught me a few things: that an IPO is just the beginning; that managing investors is a full-time job; and that transparency and accountability walk a very fine line. Part of the role meant grilling CEOs, CFOs, and IR teams during earnings season, alongside institutions holding 5–10% of the company. Interestingly, crypto isn’t that different; except instead of BlackRock or the JP Analyst next to you, it’s a keyboard warrior with a penguin PFP yelling in Discord. And he’s heard. This is the only industry where anyone - user, investor, community member - can show up and sound like Bill Ackman on earnings day. And that’s beautiful. My point is this: a project’s TGE should be treated with the same seriousness as an IPO. To be clear, I’m not saying a TGE is an IPO (our lawyers are twitching as I write this). Tokens are a different beast. But having sat on both sides - Web2 and Web3 - I’ve come to respect what it means to get a launch right. But why write this? Accountability vs Transparency Crypto’s unique because the accountability spectrum is massive. Some projects have zero. Others, ironically, are more accountable than their Web2 counterparts. In Web2, accountability is often gated: top shareholders get the board seats and private updates, while everyone else waits for quarterly earnings calls. In Web3, anyone with skin in the game could potentially be in the same Telegram group. But accountability and transparency are not the same thing. You can be accountable without being fully transparent, and you can be transparent without being truly accountable. That might sound contradictory, but it’s how most robust systems are designed. Accountability isn’t about flooding people with information too. It’s about being responsible for outcomes. It’s about building systems where actions have consequences, and where incentives are aligned across stakeholders. That’s why transparency alone isn’t enough. Some teams overshare to appear honest, but never follow through. Meanwhile, some of the most responsible protocols rarely tweet, but consistently ship. The opposite is also true: a lack of constant transparency doesn’t mean you’re hiding something. Some of the best systems in the world, like blockchains, are trustless by design. They don’t care who’s the validator in your transaction. They work because incentives are aligned and rules are clear. The same logic applies to us at @TreehouseFi. Don’t just look at what we’re tweeting. Look at how we’re behaving, and look at the variables that naturally make us accountable. For starters: I’m doxxed (hi). We’ve been around for over four years. We’re 40+ full-time employees deep. And growing. And when it comes to transparency, we’re deliberate - because it’s a double-edged sword. Share too little, and people think you’re hiding something. Share too much, and you dilute the focus. The art is in the balance: knowing when to speak, what to show, and who needs to see it. And above all, making sure the people who actually have a stake in the outcome can trust that you’ll do what you say. That’s why we’re doing this now. Because this is one of those moments where transparency helps. Not performatively and not out of pressure. But because our community deserves to know what’s behind the curtain. So… Wen TGE? It’s the #1 question our socials team has been fielding for months. So here goes: We’re ready - but we’re watching. But… why wait when we’re ready? Because timing is a function of many things: market mood, liquidity conditions, capital flows, and thematics. It’s the same stuff IPO and DCM desks obsess over - especially if we want the token to perform, and not just spike on day one. Crypto equities may be hot right now, but if you zoom out, the token side looks murky. Liquidity is patchy at best, and any MM or exchange would tell you that weekday volumes in this market feel like weekend flow. Part of this is driven by $TRUMP, https://t.co/2miqEt6VLz, and this cycle’s meme rotations, which have collectively sucked out short-term energy. Outside of $BTC, capital hasn’t really rotated back in, yet. Therefore, we ask for your patience because this process is delicate. At the end of the day, we only get one shot - and we owe it to everyone who’s built with us, supported us, and waited for this moment, to get it right. @TreehouseFi has been around for four years. We’ve weathered Luna, 3AC, and FTX. And we’re still here. That says a lot. We’re not here to play the short game. And when we launch, it’ll be because we believe the environment is right for our token, our product, and our community. In the meantime, here’s what we’ve been focused on: how we’re thinking about product, positioning, and strategy. Because while TGE timing matters, it’s the fundamentals that do the heavy lifting after Day 1. 1. The Road for tETH Not all TVL is created equal: if the underlying assets aren’t being put to work, it’s a vanity metric. And if it’s propped up by private deals, it’s not sustainable. That’s why our vaults are capped. I’m proud to say that every unit of TVL in tETH today is fully deployed for its intended purpose, and not a single cent comes from backdoor deals today. Our growth strategy is long-term and measured. We don’t believe in short-term theatrics: that’s why you won’t see massive, sudden, unrealistic spikes on our charts. We want users who are here for the right reasons. Not mercenary capital, but real holders who see tETH as a way to earn $ETH staking yield, MEY arbitrage, and power the fixed income layer, DOR. We take inspiration from the best, knowing that Lido didn’t get here overnight, but through years of reliability and steady growth. That's the trust we are building for tETH. Over the weekend, $tETH became the 4th ETH asset to go live on AAVE Prime, and many more use cases are coming with the largest protocols in DeFi. 2. The Treehouse Token Everything we’ve done so far has been with long-term alignment in mind, and that’s why we’re confident heading into TGE. The majority of tETH’s TVL is unlevered, which means our points system isn't artificially diluted. We’ve been intentional from the start: filtering out sybils, adjusting for participation, and calibrating the system to reward consistency, not short-term spikes. The result is a distribution and payout that reflects actual contribution. More importantly, our token is not just a wrapper for points, but one with real utility, starting with DOR. We’re one of the first protocols to not only build a full fixed income pricing layer for crypto, but to publish a full book (“One Rate to Rule Them All”) on how it works, not for marketing, but because the mechanism matters. DOR is already being integrated by TradFi firms, RWA protocols, and even off-chain applications. And the entire system will be powered by our token. 3. Building an Ecosystem We’re not waiting around. We’re building an ecosystem around DOR. DOR is already seeing real-world traction. We’re working with RWA protocols to integrate DOR as their pricing layer. These aren’t pilots or grants: they’re commercial contracts we’ve signed. Two new chains are onboarding DOR to power their fixed income infrastructure, and one of the world’s largest prime brokers is using our data to price structured derivatives. These are serious institutions looking for trusted benchmarks, and they’re choosing us. We’ve been deliberate in how we support the ecosystem. We’re not just handing out grants and hoping something sticks. We’re focused on use cases that reinforce the DOR flywheel: protocols that deepen utility, increase data usage, and create recurring flows back to the token. Internally, we’re also building on top of the DOR stack. From yield products to index vaults, our team is developing native protocols from scratch to demonstrate what’s possible and create the initial surface area for DOR growth. These in-house efforts aren’t stopgaps; they’re designed to bring real value back to Treehouse and the Treehouse token over time. The goal is simple: make DOR the standard, and build the rails around it that let the ecosystem compound. Gaia is Coming We’re a 40-strong team, fully focused, building relentlessly, and playing the long game. No shortcuts, no smoke and mirrors: just real work and real progress. The fixed income and RWA revolution is coming fast, and @TreehouseFi will be at the center of it all. While others talk, we’re shipping - hitting vault caps, onboarding major partners, expanding to new chains, delivering new tAssets and use cases. This is only the beginning. Gaia is coming.
@Phemex_official· about 1 month ago📰 Phemex Crypto News Today: - $133.9M in Bitcoin and Ethereum Acquired by ETFs on July 1 - Tom Lee Declares Ethereum as the New Bitcoin - FTX Creditors to Receive Further Compensation in 2026 and 2027 📖 Read Full Articles👇 https://t.co/SsxwpHeBYM
@WuBlockchain· about 1 month agoFTX creditor rep Sunil posted on X that claims under $50K received 120% payouts in Feb and May 2025. Claims over $50K got 72.5% in May, with the remaining 27.5% expected in Oct, Dec 2026, and 2027—bringing total recovery to 100%. Estimated post-claim interest return is around 40–80%. https://t.co/Imq56w6fI0
@BTW0205· about 1 month ago意义重大｜用币买美股，不用美元、不用银行、不用KYC！这波操作很顶！ Kraken 和 Bybit 甚至 Robinhood 都推出了币股交易平台—— 意思就是可以直接数字货币无缝衔接购买美股，不用换成美元，不用绑定银行账户，也不用KYC，直接他娘的曲线救国，用你手上的数字货币就能买！ 逻辑也很简单，交易所购买美股进行托管然后链上发行一个对应数字货币，你用其他数字货币去兑换即可。 最重要的是：不限制大陆 KYC ！ 貌似这个瞬间成了行业热点： 币股的玩法，在上一个周期也被无数次提及，但是应该是因为合规被卡脖子，无法实施，特朗普这波家密政策的放开，让大家确实都放开了手脚干，毕竟纯纯的外部资金流入利好美股，特朗普政府心底也是乐开了花！ 我怎么看这件事—— 实际上，这些币股平台的本质，是在数字货币交易所里，模拟出一个证券市场。 Kraken、Bybit、Robinhood 等于是从“币币交易所”进化成了“全资产交易平台”。 这是一个重大转变，代表了行业趋势 = 加密交易所吞并券商逻辑。Coinbase 早就在谋划类似模型，Kraken 也申请过美国券商牌照，下一步，很可能就是“美股链上化”全面开打。 加密资产的“自由金融属性”再次被强化，这一行为同时利好美股和比特币，只不过现在这还是一棵小树，还在长大。 我觉得可能继续发展下去的事情—— 1）把股票 token 拿去链上抵押借贷， 2）带 KYC 白名单的合规 DAO 基金买入美股， 3）美股公司主动上链，发行双通证模型？ 同时我也觉得这里面有一些问题，懂得小伙伴可以一起探讨一下—— 1）法律灰区：谁来保障链上股票的清算？挂钩的股票真的是1:1托管的吗？ 2）信任成本：交易所发行的“股票 token”是不是一种“无监管版证券”？和 FTX 时代的合成资产有何不同？ 3）套利通道？ 美股和币股之间的价差套利，会不会形成新的 Degen playground？ 这事我觉得还只是开始，像是一场刚打响的试探性冲锋。 一边是美股，一边是币圈，两个世界本来八竿子打不着，但现在被“币股”这个中介连接在了一起。 它既可能是一次跨境金融的创新，也可能是另一个未爆雷的灰色套利场。 但不管怎样，这个口子一旦被撕开，就很难再缝上了。 利好行业趋势！
@Ashcryptoreal· about 1 month agoIf you have survived - FTX - LUNA - UST - 3AC - Celsius - BlockFi - USDC depeg - Banks collapsing - Binance Bank run - SEC suing all exchanges - BTC crash from $69k to $15k and you are still in Crypto, you truly deserve to become a multi millionaire
@volmexfinance· about 1 month agoRT @BTCVIX: the VOL squeeze continues with $BVIV @volmexfinance continuing down to levels not seen since the LUNA and FTX collapses -- summer slumber is real and could see this going till Sept https://t.co/ONcax3nbSX
@BTCVIX· about 1 month agothe VOL squeeze continues with $BVIV @volmexfinance continuing down to levels not seen since the LUNA and FTX collapses -- summer slumber is real and could see this going till Sept https://t.co/ONcax3nbSX
@LumiWave_Lab· about 1 month agoRT @NFTevening: Early Stage > Emerging > Blue Chips The @SuiNetwork ecosystem is exploding not just in quantity, but in quality. One day it's quiet, next day it's everywhere. So which project is about to blow up? 👀👇 Blue Chips: $SUI | @SuiNetwork $WAL | @WalrusProtocol $DEEP | @DeepBookonSui $CETUS | @CetusProtocol Emerging $MIU | @miucoin_sui $SEND | @suilendprotocol $NS | @SuiNSdapp $LOFI | @lofitheyeti $BLUE | @bluefinapp $NAVX | @navi_protocol $SWEET | @SweatEconomy $ATTN | @ATTNtoken $LWA | @LumiWave_Lab $HIPPO | @hippo_cto $DMC | @DeLore****bs $MEMEFI | @memeficlub $UP | @doubleup_app $SCA | @Scallop_io $ALPHA | @AlphaFiSUI Early Stage $BLUB | @blubsui $XO | @xocietyofficial $BUT | @bucket_protocol $SHIRO | @SroomAiDao $SHIRP | @ChirpDeWi $TYPUS | @TypusFinance $FTX | @FlowX_finance $TURBOS | @Turbos_finance $KOBAN | @LuckyKatStudios $FUB | @fudthepug $MOVE | @BlueMove_OA $SUIP | @SuiPadxyz #SUI $SUI
@NFTevening· about 1 month agoEarly Stage > Emerging > Blue Chips The @SuiNetwork ecosystem is exploding not just in quantity, but in quality. One day it's quiet, next day it's everywhere. So which project is about to blow up? 👀👇 Blue Chips: $SUI | @SuiNetwork $WAL | @WalrusProtocol $DEEP | @DeepBookonSui $CETUS | @CetusProtocol Emerging $MIU | @miucoin_sui $SEND | @suilendprotocol $NS | @SuiNSdapp $LOFI | @lofitheyeti $BLUE | @bluefinapp $NAVX | @navi_protocol $SWEET | @SweatEconomy $ATTN | @ATTNtoken $LWA | @LumiWave_Lab $HIPPO | @hippo_cto $DMC | @DeLore****bs $MEMEFI | @memeficlub $UP | @doubleup_app $SCA | @Scallop_io $ALPHA | @AlphaFiSUI Early Stage $BLUB | @blubsui $XO | @xocietyofficial $BUT | @bucket_protocol $SHIRO | @SroomAiDao $SHIRP | @ChirpDeWi $TYPUS | @TypusFinance $FTX | @FlowX_finance $TURBOS | @Turbos_finance $KOBAN | @LuckyKatStudios $FUB | @fudthepug $MOVE | @BlueMove_OA $SUIP | @SuiPadxyz #SUI $SUI
@PrestonPysh· about 1 month agoRT @DylanLeClair_: Some thoughts on the landscape of Bitcoin-backed fixed-income securities, and the endgame coming into focus. To rewind a bit, let me take you back to 2021, the manic phase of the COVID bull market. I had just begun a full-time position writing research for Bitcoin Magazine Pro (then called The Deep Dive), an analytics focused newsletter focused on the Bitcoin market. At that time, a dominant market talking point among Bitcoiners was “contango,” the phenomenon of futures trading at a premium to the spot price for a commodity. That premium is common in commodity markets because of physical constraints such as storage and seasonality, but none of those constraints exist for BTC. There is no storage cost, the future supply schedule is known with certainty, and the asset is intangible and indestructible. Many found it confounding that a 20-30% annualized return could be made simply by buying spot BTC and shorting the futures contract. For those unfamiliar with the mechanics, if you buy 1 BTC and short 1 BTC of futures (posting the spot BTC as collateral), you hold a synthetic-dollar position that pays a variable yield. Baseline funding on perpetual futures is about 10% APR, meaning that if spot and futures trade exactly in tandem the synthetic dollar yields roughly 10%. During the leverage frenzy of 2021, those yields rose to more than 40%. I was convinced the bond market would not stand idle while Bitcoin hyper-monetized in a zero-rate environment. My naive hypothesis was that Wall Street would imminently arrive to capture the spread by taking delta-neutral positions, long spot and short futures, thus outperforming anything in traditional fixed income. That view was flawed for two main reasons: 1) The plumbing was not ready: no serious institutional capital was going to log in to Binance or FTX to run this trade. 2) Even with a friendly regulatory landscape and secure platforms, most capital lives under strict mandates that prohibit such activity. Instead of a wave of institutional arbitrage, the contango premium collapsed under its own weight as the underlying bull-market leverage unwound. Demand to short fiat and long BTC dried up, and the most levered crypto firms imploded, mainly driven by altcoin based leverage and loan rehypothecation. After the 2022 bear market, the clean-up process began. Bad actors disappeared, BlackRock filed for a spot ETF in mid-2023, and the institutional tide started to shift. By 2024 both legs of the contango trade were finally available on Wall Street. Institutions could go long via SEC-approved spot ETFs and go short via CME futures, capturing a roughly 5-15% annualized spread with full regulatory oversight. Yet fixed-income capital still stayed away. The players harvesting that basis were prop funds, not the massive pools of fixed-income capital, as their mandates prohibited such activities. Something was still missing. For a while I thought convertible bonds issued by operating companies might be the bridge. Volatility could be the transmuting variable that lets Bitcoin-backed optionality outcompete traditional cash-flow bonds. But the convert market is opaque, infrequent, relatively illiquid, and much smaller than the depths where fixed-income giants swim. The endgame revealed itself in 2025. It finally clicked when MicroStrategy launched its first perpetual preferred equity offering. Suddenly the fiat-denominated bond-market endgame came into focus. Massive fixed-income pools were never going to post BTC on a futures exchange to hold a synthetic-dollar position, no matter how attractive the yield. Even when that contango trade offered 40% in 2021, it didn’t matter. MicroStrategy’s Bitcoin-backed preferred equity solved this. The instrument is issued in dollars, MSTR buys BTC up front, the pref ranks senior to common equity, is registered with the SEC, is transparently over-collateralized, and pays a fixed dividend that does not evaporate when dynamic funding rates collapse. In effect it is an infinite-duration BTC<>USD swap contract, wrapped in a bond like instrument. Interestingly, the “crypto-complex” has spent billions attempting to create such product-market fit. Ideas such as synthetic stablecoins built upon perpetual swap contracts - which never really landed with much effect in TradFi. Here is @_Checkmatey_ and I discussing the hypothetical product-market fit of a synthetic instrument collateralized by BTC that pays yield based on a perpetual futures contract… Sound familiar? Outside of raw spot BTC itself, I’ve often stated that the “golden goose” in crypto was who was going to be first to figure out how to seamlessly build a secure vehicle that provides USD yield and stable USD exposure to investors who want to take the other side of the trade as the long perpetual futures traders… Well, Saylor figured it out (shocker).... MSTR is going long spot BTC (in massive size) and selling the short leg of a perpetual swap to the $100T fixed-income market. STRF pays roughly a 10% dividend and is secured by Bitcoin collateral. It offers far greater legal protection, transparency, and stability than any offshore perpetual swap ever has. These instruments are built to capitalize on the fiat system’s inherent design: 21,000,000 BTC versus an unlimited and ever-expanding supply of currency units. The contango narrative of 2021 and its perceived 2nd & 3rd order effects on the fixed income markets was simply ahead of its time. To conclude: Bitcoin-backed perpetual preferred is the golden goose. And Saylor caught it. The gates of Troy have been breached.
@adam3us· about 1 month agoRT @DylanLeClair_: Some thoughts on the landscape of Bitcoin-backed fixed-income securities, and the endgame coming into focus. To rewind a bit, let me take you back to 2021, the manic phase of the COVID bull market. I had just begun a full-time position writing research for Bitcoin Magazine Pro (then called The Deep Dive), an analytics focused newsletter focused on the Bitcoin market. At that time, a dominant market talking point among Bitcoiners was “contango,” the phenomenon of futures trading at a premium to the spot price for a commodity. That premium is common in commodity markets because of physical constraints such as storage and seasonality, but none of those constraints exist for BTC. There is no storage cost, the future supply schedule is known with certainty, and the asset is intangible and indestructible. Many found it confounding that a 20-30% annualized return could be made simply by buying spot BTC and shorting the futures contract. For those unfamiliar with the mechanics, if you buy 1 BTC and short 1 BTC of futures (posting the spot BTC as collateral), you hold a synthetic-dollar position that pays a variable yield. Baseline funding on perpetual futures is about 10% APR, meaning that if spot and futures trade exactly in tandem the synthetic dollar yields roughly 10%. During the leverage frenzy of 2021, those yields rose to more than 40%. I was convinced the bond market would not stand idle while Bitcoin hyper-monetized in a zero-rate environment. My naive hypothesis was that Wall Street would imminently arrive to capture the spread by taking delta-neutral positions, long spot and short futures, thus outperforming anything in traditional fixed income. That view was flawed for two main reasons: 1) The plumbing was not ready: no serious institutional capital was going to log in to Binance or FTX to run this trade. 2) Even with a friendly regulatory landscape and secure platforms, most capital lives under strict mandates that prohibit such activity. Instead of a wave of institutional arbitrage, the contango premium collapsed under its own weight as the underlying bull-market leverage unwound. Demand to short fiat and long BTC dried up, and the most levered crypto firms imploded, mainly driven by altcoin based leverage and loan rehypothecation. After the 2022 bear market, the clean-up process began. Bad actors disappeared, BlackRock filed for a spot ETF in mid-2023, and the institutional tide started to shift. By 2024 both legs of the contango trade were finally available on Wall Street. Institutions could go long via SEC-approved spot ETFs and go short via CME futures, capturing a roughly 5-15% annualized spread with full regulatory oversight. Yet fixed-income capital still stayed away. The players harvesting that basis were prop funds, not the massive pools of fixed-income capital, as their mandates prohibited such activities. Something was still missing. For a while I thought convertible bonds issued by operating companies might be the bridge. Volatility could be the transmuting variable that lets Bitcoin-backed optionality outcompete traditional cash-flow bonds. But the convert market is opaque, infrequent, relatively illiquid, and much smaller than the depths where fixed-income giants swim. The endgame revealed itself in 2025. It finally clicked when MicroStrategy launched its first perpetual preferred equity offering. Suddenly the fiat-denominated bond-market endgame came into focus. Massive fixed-income pools were never going to post BTC on a futures exchange to hold a synthetic-dollar position, no matter how attractive the yield. Even when that contango trade offered 40% in 2021, it didn’t matter. MicroStrategy’s Bitcoin-backed preferred equity solved this. The instrument is issued in dollars, MSTR buys BTC up front, the pref ranks senior to common equity, is registered with the SEC, is transparently over-collateralized, and pays a fixed dividend that does not evaporate when dynamic funding rates collapse. In effect it is an infinite-duration BTC<>USD swap contract, wrapped in a bond like instrument. Interestingly, the “crypto-complex” has spent billions attempting to create such product-market fit. Ideas such as synthetic stablecoins built upon perpetual swap contracts - which never really landed with much effect in TradFi. Here is @_Checkmatey_ and I discussing the hypothetical product-market fit of a synthetic instrument collateralized by BTC that pays yield based on a perpetual futures contract… Sound familiar? Outside of raw spot BTC itself, I’ve often stated that the “golden goose” in crypto was who was going to be first to figure out how to seamlessly build a secure vehicle that provides USD yield and stable USD exposure to investors who want to take the other side of the trade as the long perpetual futures traders… Well, Saylor figured it out (shocker).... MSTR is going long spot BTC (in massive size) and selling the short leg of a perpetual swap to the $100T fixed-income market. STRF pays roughly a 10% dividend and is secured by Bitcoin collateral. It offers far greater legal protection, transparency, and stability than any offshore perpetual swap ever has. These instruments are built to capitalize on the fiat system’s inherent design: 21,000,000 BTC versus an unlimited and ever-expanding supply of currency units. The contango narrative of 2021 and its perceived 2nd & 3rd order effects on the fixed income markets was simply ahead of its time. To conclude: Bitcoin-backed perpetual preferred is the golden goose. And Saylor caught it. The gates of Troy have been breached.
@DylanLeClair_· about 1 month agoSome thoughts on the landscape of Bitcoin-backed fixed-income securities, and the endgame coming into focus. To rewind a bit, let me take you back to 2021, the manic phase of the COVID bull market. I had just begun a full-time position writing research for Bitcoin Magazine Pro (then called The Deep Dive), an analytics focused newsletter focused on the Bitcoin market. At that time, a dominant market talking point among Bitcoiners was “contango,” the phenomenon of futures trading at a premium to the spot price for a commodity. That premium is common in commodity markets because of physical constraints such as storage and seasonality, but none of those constraints exist for BTC. There is no storage cost, the future supply schedule is known with certainty, and the asset is intangible and indestructible. Many found it confounding that a 20-30% annualized return could be made simply by buying spot BTC and shorting the futures contract. For those unfamiliar with the mechanics, if you buy 1 BTC and short 1 BTC of futures (posting the spot BTC as collateral), you hold a synthetic-dollar position that pays a variable yield. Baseline funding on perpetual futures is about 10% APR, meaning that if spot and futures trade exactly in tandem the synthetic dollar yields roughly 10%. During the leverage frenzy of 2021, those yields rose to more than 40%. I was convinced the bond market would not stand idle while Bitcoin hyper-monetized in a zero-rate environment. My naive hypothesis was that Wall Street would imminently arrive to capture the spread by taking delta-neutral positions, long spot and short futures, thus outperforming anything in traditional fixed income. That view was flawed for two main reasons: 1) The plumbing was not ready: no serious institutional capital was going to log in to Binance or FTX to run this trade. 2) Even with a friendly regulatory landscape and secure platforms, most capital lives under strict mandates that prohibit such activity. Instead of a wave of institutional arbitrage, the contango premium collapsed under its own weight as the underlying bull-market leverage unwound. Demand to short fiat and long BTC dried up, and the most levered crypto firms imploded, mainly driven by altcoin based leverage and loan rehypothecation. After the 2022 bear market, the clean-up process began. Bad actors disappeared, BlackRock filed for a spot ETF in mid-2023, and the institutional tide started to shift. By 2024 both legs of the contango trade were finally available on Wall Street. Institutions could go long via SEC-approved spot ETFs and go short via CME futures, capturing a roughly 5-15% annualized spread with full regulatory oversight. Yet fixed-income capital still stayed away. The players harvesting that basis were prop funds, not the massive pools of fixed-income capital, as their mandates prohibited such activities. Something was still missing. For a while I thought convertible bonds issued by operating companies might be the bridge. Volatility could be the transmuting variable that lets Bitcoin-backed optionality outcompete traditional cash-flow bonds. But the convert market is opaque, infrequent, relatively illiquid, and much smaller than the depths where fixed-income giants swim. The endgame revealed itself in 2025. It finally clicked when MicroStrategy launched its first perpetual preferred equity offering. Suddenly the fiat-denominated bond-market endgame came into focus. Massive fixed-income pools were never going to post BTC on a futures exchange to hold a synthetic-dollar position, no matter how attractive the yield. Even when that contango trade offered 40% in 2021, it didn’t matter. MicroStrategy’s Bitcoin-backed preferred equity solved this. The instrument is issued in dollars, MSTR buys BTC up front, the pref ranks senior to common equity, is registered with the SEC, is transparently over-collateralized, and pays a fixed dividend that does not evaporate when dynamic funding rates collapse. In effect it is an infinite-duration BTC<>USD swap contract, wrapped in a bond like instrument. Interestingly, the “crypto-complex” has spent billions attempting to create such product-market fit. Ideas such as synthetic stablecoins built upon perpetual swap contracts - which never really landed with much effect in TradFi. Here is @_Checkmatey_ and I discussing the hypothetical product-market fit of a synthetic instrument collateralized by BTC that pays yield based on a perpetual futures contract… Sound familiar? Outside of raw spot BTC itself, I’ve often stated that the “golden goose” in crypto was who was going to be first to figure out how to seamlessly build a secure vehicle that provides USD yield and stable USD exposure to investors who want to take the other side of the trade as the long perpetual futures traders… Well, Saylor figured it out (shocker).... MSTR is going long spot BTC (in massive size) and selling the short leg of a perpetual swap to the $100T fixed-income market. STRF pays roughly a 10% dividend and is secured by Bitcoin collateral. It offers far greater legal protection, transparency, and stability than any offshore perpetual swap ever has. These instruments are built to capitalize on the fiat system’s inherent design: 21,000,000 BTC versus an unlimited and ever-expanding supply of currency units. The contango narrative of 2021 and its perceived 2nd & 3rd order effects on the fixed income markets was simply ahead of its time. To conclude: Bitcoin-backed perpetual preferred is the golden goose. And Saylor caught it. The gates of Troy have been breached.
@gelatonetwork· about 1 month agoThe CLOB wars are here. And DeFi is about to eat CeFi. The first shots fired came from @HyperliquidX - and they just surpassed $10B in open interest RollApps on BLOBs: @bulletxyz_, @hi*****_xyz Native DA chains: @rise_chain on @Celestia L2 Apps: @GTE_XYZ on @megaeth_labs No more FTX "trust-me-bro" - time to explore what's next ↓
@arkham· about 1 month agoFTX MOVING FUNDS FTX’s wallet moved its entire stack of BOBA ($7.9M) to a Coinbase Prime deposit. This deposit has previously received $4.3M of BOBA from Alameda Research wallets. https://t.co/T1jwOeA8zM
@diran_li· about 1 month agoWord is getting out that we have the best cryptointelligence in the game. Here's why teams choose Messari to gain an edge in AI: data, algorithm, distribution. Data: for 7 years we've been building a robust data ingestion + curation system. Our unique datasets provides the 360 of crypto through Messari Research, Token Unlocks, Fundraising, Markets, News, Social Signals, Security Events, etc. Algorithm: we deploy proprietary fine-tuned models to generate signal from noise at scale. In addition, our agentic framework is tailored on our datasets to deliver insights through our Copilot engine. Distribution: through the Blocksize War (iykyk), DeFi Summer, FTX collapse, rise of SOL, Memecoin mania, AI agents Messari has been an objective source of insights and trusted by the community. No shills, no frills. Data, algorithm, distribution/trust. 3 ingredients to cryptointelligence We're building with many great teams in the industry, reach out if you're interested in learning more
@wublockchain12· about 1 month ago吴说获悉，据 @EmberCN 监测，FTX/Alameda 地址在 BOBA 代币进入全流通后，于过去 22 小时内清仓其链上持仓，共计转出 1.46 亿枚 BOBA（约合 1222 万美元），并全部归集至 Coinbase Prime。该批代币占 BOBA 总供应量（5 亿枚）的 29%，远高于其当前二级市场的日成交量，或仅能通过机构间 OTC 消化。 https://t.co/XhdJRh4JkM
@EmberCN· about 1 month ago在 @bobanetwork 网络发推说代币进入全流通状态后，FTX/Alameda 地址在最近 22 个小时里清仓了链上地址持有的 $BOBA ：共计 1.46 亿枚 $BOBA ($12.22M) 全部归集转进了 Coinbase Prime。 这些币要出的话应该只能是机构间 OTC 接盘了吧，要知道这 1.46 亿枚可是占到 BOBA 总量 (5 亿枚) 的 29%。而且这币目前在二级市场每天的交易量都才几百万刀。 地址链接🔗👉：https://t.co/zk69ayZqrl 本文由 #Bitget｜@Bitget_zh 赞助
@punk6529· about 1 month agoRT @WClementeIII: SBF hit on Solana, Anthropic, Robinhood, SUI, and had a money printing machine with FTX, influence in the political sphere. Would have been tremendously wealthy. All he had to do was let Alameda go. Lessons in there.
@WClementeIII· about 1 month agoSBF hit on Solana, Anthropic, Robinhood, SUI, and had a money printing machine with FTX, influence in the political sphere. Would have been tremendously wealthy. All he had to do was let Alameda go. Lessons in there.
@simononchain· about 1 month agoDid you know that SBF bought 56.27 million shares of $HOOD in 2022 for an average of $11.52 per share? That's $648 million for ~7.6% stake in the company. Fast forward to today: $HOOD is trading at $82.18 per share. If SBF still owned those shares, they'd be worth $4.6 BILLION. Plot twist: The DOJ seized them all after FTX imploded, and Robinhood bought them back for $606M. Guy who preached effective altruism just made the most expensive donation in history.
@laurashin· about 1 month agoFintech and crypto are finally converging, and @e_rossiello, who launched the first bitcoin exchange in Africa, has been living that reality for a decade. She joins Unchained to explain: 🤝 Why dLocal just bought her company 🧱 Why new entrants keep failing to gain traction 💥 The impact of stablecoins 💰 Why liquidity > tech Timestamps: 🎬0:00 Intro 🌍 3:30 What Africa’s early payments scene looked like and how Elizabeth launched the first Bitcoin exchange there 📲 10:54 How the continent’s payment rails evolved 🔥 16:15 How Western Union dropped its pricing after her company launched 💸 20:42 Why stablecoins became a game-changer for cross-border payments 📊 25:24 What the real volume drivers are 🌐 28:53 How crypto adoption in Africa shifted post-COVID 🤝 37:00 Why AZA decided to acquire two companies ⚠️ 38:46 How the FTX partnership hurt AZA 💼 41:37 How the dLocal deal came together behind the scenes 🔄 45:08 Why crypto and fintech are on a fast path to convergence 🏁 50:58 Which players Elizabeth thinks will win in the new payments race 📵 53:47 Why “mobile money” is still tough competition for crypto 💥 56:48 How USDT has an edge in emerging markets 🇨🇳 58:50 How China’s deep ties to Africa have shaped the game 🚀 1:01:37 What it’s been like to build AZA as a young woman founder in crypto Thank you to our sponsors! @BitwiseInvest @HRF @xapobankapp
@blockbytescom· about 1 month agoRT @DevveEcosystem: How do you stop another FTX from happening? Simple. Don’t allow an exchange to have custody over assets. DevvE’s architecture and speed make it possible for users to transact on-chain, while still retaining custody over their assets. https://t.co/aymSgEEM5e
@DevveEcosystem· about 1 month agoHow do you stop another FTX from happening? Simple. Don’t allow an exchange to have custody over assets. DevvE’s architecture and speed make it possible for users to transact on-chain, while still retaining custody over their assets. https://t.co/aymSgEEM5e
@laurashin· about 1 month agoRT @Unchained_pod: FTX is trying to block Three Arrows Capital’s $1.5 billion claim, calling it inflated and unsupported by the hedge fund’s actual account data. https://t.co/aLdIW9Us2V
@Unchained_pod· about 1 month agoFTX is trying to block Three Arrows Capital’s $1.5 billion claim, calling it inflated and unsupported by the hedge fund’s actual account data. https://t.co/aLdIW9Us2V
@MessariCrypto· about 1 month agoFTX disputes a $1.53 billion claim from Three Arrows Capital, asserting "3AC is owed nothing" https://t.co/gP9BfVPF8s
@panamaXBT· about 2 months agoRT @lynk0x: 🚨 BREAKING 🚨 SOLANA is dying after FTX whistleblower shows that they still hold ~8% in secret wallets. This is 5 BILLION in sell pressure. This is bad. https://t.co/PpxWdorG4B
@lynk0x· about 2 months ago🚨 BREAKING 🚨 SOLANA is dying after FTX whistleblower shows that they still hold ~8% in secret wallets. This is 5 BILLION in sell pressure. This is bad. https://t.co/PpxWdorG4B