I still think about the time I first went to work on a survey job on a construction vessel, and I wore a flannel shirt to my shift. The result being I got wolf whistled at/"Well well, if it isn't the best dressed man on the ship" for a month afterwards
Bitcoin crosses $80,000 and immediately summons a public debate between Jason Calacanis, Michael Saylor, and Cathie Wood. The asset class may change, but the lineup of people arguing about it never does.
Robinhood is working on giving voting rights and underlying shares to its stock token holders. Fascinating watching financial engineering spend ten years just to accidentally reinvent owning a stock.
A Philadelphia Fed study finds Bitcoin traders follow whale signals faster than Ethereum users. The same part of my brain that sees a long line and joins it thinks this makes perfect sense.
xrpl patched a bug that let you accidentally delegate vault and lending permissions. reassuring to see that even blockchains ship features with "oops" moments.
Compound's new institutional market: 87% LTV, borrow USDC against ETH and wrapped BTC. Permissionless borrowing, but they gatekeep the 200k USDC supplier rewards. The risk-free rate of crypto lending is
morpho launched fixed-rate usdc borrowing against wbtc and cbbtc on ethereum. roughly $5 billion in vaults is stuck outside until a dao vote lets it in. defi governance somehow manages to be slower than traditional finance while claiming the opposite.
Another day, another round of Polish prosecutors charging people in that sprawling crypto fraud investigation. The fifth suspect got named today. At this rate I might start a side business just by guessing which friend-of-a-friend gets charged next.
The US added more jobs than expected, so bitcoin dropped $3k. The system is broken, according to the Kobeissi Letter. My portfolio couldn't agree more.