Rich Rosenblum

President @GSR_io trader/investor/ecosystem partner est 2013. Former head of oil trading and 2X 🍔 Champion at Goldman. Views are my own & not financial advice.

[Rich Rosenblum @Rich_GSR]

1/ While attention has shifted to rumors around @binance’s financial health, @Binance bares little resemblance to @FTX_Official.

2/ Binance continues to gain market share, the main driver of revenues. At 85% of spot volumes, they trade 10x the next largest venue.

[Frank Chaparro @fintechfrank]

JPMorgan says Binance settlement 'positive' as it eliminates potential systemic risk from hypothetical collapse

[Rich Rosenblum @Rich_GSR]

@davidmarcus @lightspark You have an impersonator using your name, with an r added at the end. I have reported them.

[Rich Rosenblum @Rich_GSR]

Today was a rough day for crypto.

@cz_binance has mostly done good for the space. He will continue to be known as one of the most respected leaders in the industry.

It’s not just Binance that’s growing up.
The industry overall needs better practices and more safeguards to…

[Will @WClementeIII]

Ray Dalio laying out the bullish case for Bitcoin

[Rich Rosenblum @Rich_GSR]

Weekend wishful thinking chart.. or is it the treasure map to generational wealth?

[Altcoin market cap is the vertical axis]

[Rich Rosenblum @Rich_GSR]

Option contracts on $BTC have reached an all-time-high on bets that a spot ETF is finally coming. 

The market has been focused on the impact an ETF will have on demand, with estimates as high as $50B.  

Once listed, the ETF is also likely to multiply demand for options…

[Erik Voorhees @ErikVoorhees]

Inflation is the tax method of every late-stage empire.

[turbanether.eth @turbanether]

In a discussion w/ @MattKunke of @GSR_io on derivatives in crypto and serving #institutional players... a lil note with a main takeaway at the end:

(1) One of the largest differences between the use of derivatives in traditional markets vs the digital space continues to be the…

[Will @WClementeIII]

For the first time in 1.5 years, the 90-day change in stablecoin supplies just flipped positive.

This means that we are finally seeing net capital inflows through stablecoins for the first time since the bear market began.

[James Seyffart @JSeyff]

UPDATE: BlackRock #Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq

[Yano 🟪 @JasonYanowitz]

This market still severely underestimates how insane it will be to have Bitcoin ETF approvals and Bitcoin halving within 60 days of each other.

Will be obvious in hindsight.

[Rich Rosenblum @Rich_GSR]

Geopolitics are also acting to stimulate demand for crypto, both from the potential for money printing needed to fund military + humanitarian aid, as well as more demand to buy BTC as a safe haven asset and support an alternative to the USD/SWIFT system.

[Rich Rosenblum @Rich_GSR]

We just finished a uniquely bullish two weeks for #crypto and the details are far more bullish than the headline numbers suggest 🕵️‍♂️🐂

$BTC had been stuck in a $25k-$30K range for 9 months and finally broke out of it with an explosive rally last Monday on high volume.

[Rich Rosenblum @Rich_GSR]

Macro has starting to act as a tailwind instead of a headwind (after today’s NFP print, the bond market is now pricing in cuts by June 2024).

[jeroen blokland @jsblokland]

BREAKING! US nonfarm #payrolls grew by 150K in October, LESS than expected.
2-month net revision: MINUS 101K.
Is this the start of the real labor market weakening?

[Dan Tapiero @DTAPCAP]

Truly believe...

@saylor bet on #Bitcoin    will go down as one of the greatest directional macro trades of all-time.

Old school macro investment process leads to giant conviction and giant trade.

Misperception of #BTC "riskiness" gives conviction to live with volatility.

[That Martini Guy ₿ @MartiniGuyYT]

#BITCOIN JUST HIT ITS YEARLY TOP

INSANE!!