For years, Americans were pushed offshore to trade perpetual futures while the rest of the world could trade them at home. This spring, U.S. regulators finally opened a compliant path to these markets here. Today, the largest U.S. exchange, CME, went to court to close it.
This is what happens when one company controls a market. By @BetterMarkets' count, CME runs about 92% of U.S. exchange-traded derivatives. When one venue holds that much volume, everyone else carries the cost. Less choice, higher prices.
Perpetual futures are the first genuinely new derivatives product to reach U.S.-regulated markets in over a decade. More competition among exchanges is best for the people who actually use these markets. These products deserve clear rules.
The real question is whether Americans get access to innovative new financial products, or whether one incumbent keeps them locked out. We think they deserve access. As CFTC @ChairmanSelig put it: "Incumbents will always fear the future." But none of us should fear the incumbents.
@EricBalchunas You’ll get used to it 😅 Commuting in −15°F (this morning) is basically muscle memory for me now. Not pleasant… just aggressively normal.
In the realm of real estate transactions, Propy introduced a groundbreaking smart contract-enable platform, automating transactions exceeding $4 billion in volume.
This isn't just about impressive numbers; it's about ensuring trust, transparency, and efficiency for property deals.
It matters because it simplifies complex transactions, providing peace of mind for buyers and sellers.
Propy Title—the maiden blockchain-powered title and escrow company, licensed in the US, ensuring all transactions are recorded on the #blockchain and with the local county recorder.
Why does it matter? Because we are setting a new standard for trust and transparency in property transactions. We understand the importance of secure closings and Propy Title provides individuals with a level of assurance that goes beyond traditional norms.
Learn more about Propy Title:
FASB has officially adopted Fair Value Accounting for #Bitcoin for fiscal years beginning after Dec 15, 2024. This upgrade to accounting standards will facilitate the adoption of $BTC as a treasury reserve asset by corporations worldwide. https://t.co/4GOuji6cr0
Underrated ways to learn:
1) Reading governance forums
2) Reading old trading books
3) Putting $ in a burner wallet and just trying out new dApps
Don't just rely on watching videos / reading threads all day - you won't have an edge doing what everyone else does.
¡Feliz Sábado de Pequeños Negocios!
Compre en pequeños negocios hoy y durante la temporada de fiestas de fin de año para apoyar a los creadores de empleo en su comunidad.
Calling all Latinos and allies. Make this our priority!!! This our legacy we are fighting for! Get involved. Get interested. This for our children and our grandchildren and our great grandkids! This may be the most important thing you do!
Today, some of the books that shaped my life—and the lives of so many others—are being challenged by people who disagree with certain ideas or perspectives. And librarians are on the front lines, fighting every day to make the widest possible range of viewpoints, opinions, and ideas available to everyone.
Coolest thing I saw on chain this week was a lender giving a stranger a $35,000 loan at 12% APR using a Patek Phillipe as collateral
Borrower sent the watch to an escrow company who then sent back an NFT that represents ownership of the watch
Borrower then listed the NFT on Arcade, accepted the best loan offer on it, and then the NFT was transferred to an escrow wallet until the term is up or the borrower repays
The only way to get the watch back is by burning the NFT so if the borrower defaults the lender can claim the watch
Lender doesn't even have to know the borrowers name, they just have to know that they are the rightful owner of the watch - which is what the NFT does
Sure, you can just go get a loan at your local pawnshop, but tapping into global liquidity versus local liquidity will always eventually land you at the best rate (This market is young so we aren't there yet)
Just the tip of the iceberg for whats to come for proving ownership of Real World Assets using NFTs
One year ago today I found out I had cancer.
I was chairing a conference in Bilbao, Spain and was set to fly home early the next morning.
Traveling back to Bilbao on a dark highway, the driver of our car hit a boar going 70mph.
That boar may have saved my life.