Nathan Z

Ex bulge-bracket Trader, Corporate Treasurer. professional Investor in AI and crypto. Currently running family office. posts are not investment advices.

[Nathan Z @Londonman888]

It’s very sad to see legacy economists still hold on to a system that has for the decades show financial crisis after financial crisis and lost of value in #fiat and deteriorating quality of life for the masses as fiat lost value and government lost credibility by make false promises to borrow less. #Rogoff just show more and more that we need fresh thinking and fast democratise monetary system which free us from the current system.

[Kenneth S Rogoff @krogoff]

Almost a decade ago I was the Harvard economist that said that bitcoin was more likely to be worth $100 than 100k. What did I miss? I was far too optimistic about the US coming to its senses about sensible cryptocurrency regulation; why would policymakers want to facilitate tax evasion and illegal activities? Second, I did not appreciate how Bitcoin would compete with fiat currencies to serve as the transactions medium of choice in the twenty-trillion dollar global underground economy. This demand puts a floor on its price, as I discuss at length in my new book Our Dollar, Your Problem. Third, I did not anticipate a situation where regulators, and especially the regulator in chief, would be able to brazenly hold hundreds of millions (if not billions) of dollars in cryptocurrencies seemingly without consequence given the blatant conflict of interest.
https://t.co/bK0Twhy5aK

[Nathan Z @Londonman888]

@BSCNews 😉

[BSCN @BSCNews]

Bitcoin Moves Closer To a Quantum Safe Future With New Initiative

Galaxy Digital has launched a $5 million initiative to help Bitcoin $BTC developers prepare for future quantum computing threats.

The program will fund work on quantum resistant signature schemes, wallet migration tools, and independent security audits. Galaxy said it hopes more companies will join the effort.

While researchers say the threat is not immediate, they warn that upgrading Bitcoin's cryptography could take years and require broad industry coordination.

[Eleanor Terrett @EleanorTerrett]

.@axios confirms and adds to my earlier reporting: Bipartisan ethics discussions are underway, with @SenThomTillis spearheading negotiations on the GOP side.

[Eleanor Terrett @EleanorTerrett]

🚨NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon.

It’s still unclear what the details of the agreement are (I’ve reached out for comment), but industry participants are hopeful this could clear the way for updated bill text to be released soon.

[Nathan Z @Londonman888]

@Polymarket Embarrassing for America! Time to wake up. The world is moving on with or without America!

[Nathan Z @Londonman888]

@Cointelegraph Don’t bet against Trump. Don’t underestimate Trump too.

[BSCN @BSCNews]

Ethereum staking exit queue drops to absolute zero.

At time of writing, there is literally zero $ETH waiting to be unstaked from the @Ethereum network.

At the same time, there remains some 2,536,294 $ETH (worth more tan $4.7 billion) waiting to be staked and begin earning staking rewards.

The last time this happened was back in early-to-mid June... We bullish yet?

[Nathan Z @Londonman888]

@chamath You wrong on the part that demand for BTC is somehow difficult to predict but AI is not. But #BTC does come with limited supply and #AI is abundant and become cheap everyday. The margin per token is declining indefinitely. That play into the mind of investors.

[Simply Bitcoin @SimplyBitcoin]

The IMF doesn’t like Bitcoin because it makes countries financially sovereign.

[Nathan Z @Londonman888]

@SenatorHagerty @SenateGOP @BankingGOP @axios 👏🏻👏🏻

[Nathan Z @Londonman888]

A no vote just to keep a political win against #Trump is a vote to kill American capital market leadership. The cost is too great!

[Bryan Steil @RepBryanSteil]

Pass the CLARITY Act:

✅Protect consumers
✅Fit for purpose regulations
✅Ensure the U.S. wins the Web3 race

[Nathan Z @Londonman888]

Despite the recent selling, tech stock is still too expensive on forward bases. Bitcoin and ETH is still very very cheap! Buying now makes perfect sense to me!

[Nathan Z @Londonman888]

#Clarity is to unlock the capital market and future finance and increase American treasury and dollar demands by x100. To simple vote no just for political vendetta is a fool! Think big and look far! Don’t throw away future for political win!

[Financial Services GOP @FinancialCmte]

Tune in tomorrow as the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence's hosts a field hearing in New York City on the one-year anniversary of the CLARITY Act passing the House. The CLARITY Act is an important step toward ensuring the next generation of financial technology is developed in America, under clear rules that reflect American values.

Watch here 🔗⬇️
https://t.co/cm7xKqO1O5

[CZ 🔶 BNB @cz_binance]

AI is great, but it does not protect you against inflation.

Bitcoin does.

[Patrick Witt @patrickjwitt]

The world won’t wait on America forever. We can either lead the way on digital assets by passing the Clarity Act, or watch as someone else sets the rules of global finance for us.

[Nathan Z @Londonman888]

i can’t believe the “loudest” voice to stop American advance financial technology and capital market domination is a ex teen TV star. 🤷🏻‍♂️

[Eleanor Terrett @EleanorTerrett]

The O.C.’s @Ben_McKenzie was on Capitol Hill today lobbying senators to vote against the Clarity Act.

Good coverage here from @JuliaShapero ⬇️

[Watcher.Guru @WatcherGuru]

JUST IN: 🇯🇵 Japan officially passes law recognizing crypto as "financial assets."

[Senator Cynthia Lummis @SenLummis]

We've been working on the Clarity Act every day for 10 months, and we'll introduce bill text in the next few days — it's time to land this plane. This is about helping law enforcement fight illicit finance, passing consumer protections and keeping these markets onshore in the US.

[Lorenzo Valente @LorenzoARK]

The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time.

Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue.

@Arbitrum, the middleware provider, takes 10%: ~$80K.

Arbitrum then pays Ethereum for settlement: $1,538.

The margin profile roughly:

Robinhood: 89%
Arbitrum: 10%
Ethereum: 0.15%

If your thesis is "ETH is money," Robinhood building here is ultra bullish. More activity, more ETH collateral, more lindyness.

If your thesis is "ETH is a revenue generating asset," this is the ultra-bear case.

And here's the uncomfortable truth: Robinhood was never going to build on Solana, Sui or any monolithic L1. They want the stack customization. They want to be landlords, not renters. Ethereum won this deal on merit.
It's just not pricing it right.

A healthy split to me looks more like:
Robinhood: 75%
Arbitrum: 10%
Ethereum: 15%

Ethereum sells the most valuable settlement layer in crypto at marginal cost. Things need to change. @ethlabs_org