New York, USA
Joined April 2018
- Tweets1.6K
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Suhhhhh Dude retweeted
🚨BREAKING: Trump's odds on Polymarket just hit 69.420%!
THE HOLY NUMBER HAS BEEN HIT! WE DID IT ‼️🔥🔥
Suhhhhh Dude retweeted
Bitcoin ETF net inflows are beginning to go parabolic.
Since Feb 8th, the ETFs have averaged >$500M in daily inflows with over $2 billion added over the past 4 days.
Dynastic players are making dynastic moves.
Suhhhhh Dude retweeted
This report is so devastating regarding Biden's ability to serve that the betting markets are repricing his odds of being the Democrat nominee.
How does Biden convince people he's fit to serve when he spent the last week retelling his conversations with dead people?
This from the Hur report: "Mr Biden's memory also appeared to have significant limitations...."
“He did not remember, even within several years, when his son Beau died,” the report states: justice.gov/storage/report-f…
Suhhhhh Dude retweeted
Yeah it’s basically done. Latest I’m hearing (from multiple sources) that final S-1s are due 8am on Monday as SEC is trying to line everyone up for Jan 11th launch. That said, I still want to hear it from the SEC to call it official.
Suhhhhh Dude retweeted
The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC. Again all part of the process of bringing ETF to market.. h/t @martypartymusic
Suhhhhh Dude retweeted
UPDATE: The $GBTC discount is compressing fast. Was 25% yesterday at close. I have it currently at 17% and still closing
Suhhhhh Dude retweeted
🚨 JUST IN 🚨
The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF!
Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your support and encouragement.
Next up: our legal team is actively reviewing the Court's opinion. Follow @Grayscale for updates.
Suhhhhh Dude retweeted
BREAKING: There it is, @Grayscale wins their lawsuit against the SEC. DC Circuit court of appeals is vacating SEC's denial of $GBTC's conversion into an ETF.
Suhhhhh Dude retweeted
Yeah man crypto is the future, let me bring you up to speed
First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out)
This caused the largest crypto hedge fund to go insolvent due to excessive leverage, 3AC ($3B AUM wiped out)
3AC borrowed funds from all the largest crypto lenders, each of who went insolvent after bank runs inevitably occurred, causing a market wide credit crunch
Celsius ($12B AUM, $1.2B deficit), Voyager ($1.6B AUM, ~$670M default), BlockFi ($3.9B AUM, $400M revolving credit)
Voyager and BlockFi were bailed out by FTX/Alameda, but ah turns out they were complete fraud too
With $10B of customer funds siphoned from FTX to cover Alameda’s losses, a bank run took place, creating a second contagion wave, leaving Voyager/BlockFi rekt again
Genesis Lending, under the DCG conglomerate, also went bankrupt due to Alameda/FTX exposure ($3B shortfall)
Gemini was lending $900M in customer funds to Genesis, so they and their customers inevitably got wrapped in the mess too
No doubt TradFi is involved in this too, with the collapse of two banks that were key banking partners for crypto
Silvergate (FTX’s banking partner and ran an payment network for crypto exchanges) experienced a bank run and collapsed after losing $1B on bonds
While SVB (Circle’s banking partner for USDC and most tech startups) experienced a bank run and collapsed after losing $1.8B on bonds
Not looking too good for Signature Bank either, which runs the ‘other’ bank payment network for crypto exchanges
Can’t forget the SEC trying to strongarm the industry from shutting down Kraken’s staking product to calling Paxos’ stablecoins a security and shutting down BUSD, and much more
Various banking regulators also strongarming banks into refusing to onboard crypto companies as clients, forcing them overseas and to use sketchy counterparts
Anyways
Have you heard of liquid staking derivatives and re-staking? Pretty cool financial engineering right there, crypto innovation never stops 💪
Suhhhhh Dude retweeted
Per new bankruptcy filing, BlockFi has $227m in Silicon Valley Bank. The bankruptcy trustee warned them on Mon that bc those funds are in a money market mutual fund, they’re not FDIC secured — which could be a prblm w/ keeping in compliance of bankruptcy law
Suhhhhh Dude retweeted
Coinbase rollup is a watershed moment in the evolution of Ethereum’s rollup ecosystem.
Recall that Binance created the largest alt-L1 ecosystem in just months by forking ETH and:
1. Using its massive exchange as top of funnel
2. Using its warchest to seed new projects on BSC
Suhhhhh Dude retweeted
US CPI has moved down from a peak of 9.1% last June to 6.5% in December.
What's driving that decline? Lower rates of inflation in New/Used Cars, Gasoline, Apparel, Medical Care, Food at Home, Gas Utilities, and Fuel Oil.
Suhhhhh Dude retweeted
Aaron Judge is in agreement to return to the Yankees on a 9-year, $360M contract per @JonMorosi and @Ken_Rosenthal
