Alex Lester

Dad, Husband, Engineering leader @cartainc. Formerly @coinbaseinsto @google @okta @stanfordgsb

[Alex Lester @alexdlester]

@brian_armstrong Great work @dorvonlevi!

[Andreas Steno Larsen @AndreasSteno]

The private credit creation (liquidity) is going to accelerate a LOT this year.

https://t.co/TEhtoS6XZn

[Alex Lester @alexdlester]

Yes, yes it is

[Cheddar Flow @CheddarFlow]

$TSLA Millions worth of more call sweepers 😳

is it 2020 again??

[Alex Lester @alexdlester]

Risk appetite coming back 👀 @PeterJ_Walker

[TrendSpider @TrendSpider]

Revenge of the 2021 IPOs. $TOST $RBLX $SOFI

$HOOD is the blueprint. 🗺️

[Alex Lester @alexdlester]

@dgt10011 Fractionally banked, BUT through an ETF which is day + 1 settled and can be issued freely by the ETF provider.

So this is a huge step forward but does not completely solve the realtime settlement case de derebit was trying to solve, they have 1 layer of abstraction to play with

[Alex Lester @alexdlester]

Huge implications for major US financial institutions to ramp on crypto cudtody technology. The future is bright!

[MartyParty @martypartymusic]

Breaking: @BNYglobal BNYMellon, America’s biggest custodian bank,has received #SEC approval to custody #Bitcoin

This is the first institution in the US to get an exemption from the #Biden veto'd SAB 121 accounting rule change.

"During a public testimony before the Wyoming Blockchain, Financial Technology, and Digital Innovation Technology Special Committee, it was confirmed that BNY Mellon, the largest custodian bank in the United States, has received an exemption from the SEC's SAB 121 accounting standards for its institutional cryptocurrency custody business. Chris Land, General Counsel to U.S. Senator Cynthia Lummis (R-WY), testified that the SEC and potentially other regulatory bodies have cleared the way for BNY Mellon to provide institutional digital asset custody services. Land stated, 'BNY Mellon is seeking deeper involvement in cryptocurrency custody services. They encountered some issues with SAB 121, and the SEC has evidently granted them some form of exemption to allow them to proceed."

[Alex Lester @alexdlester]

Check out our latest deep dive into VC fund performance. We believe this analysis goes above and beyond existing benchmarks, providing a richer, more detailed look at the US VC space.

@cartainc

[Peter Walker @PeterJ_Walker]

New data for VC emerging managers.

From a pool of 1,800+ funds, vintage years 2017-2022.

Fresh benchmarks on IRR, TVPI, etc, alongside deployment pace, graduation rates, and much more.

Link to the full report in the following post 🙏

[Alex Lester @alexdlester]

@evisdrenova Ironically the one asset that might have resale value

[Alex Lester @alexdlester]

@JoeBiden Thanks Joe. You ran as a one term president to save our nation. And you delivered.

[Alex Lester @alexdlester]

@gregisenberg Network effect of the messaging tool in Bloomberg is far too strong

[Alex Lester @alexdlester]

Just got back from Hawaii on @HawiianAir. Who knew they had installed @Starlink web access on their flights? 150 Mbps the whole way!!!

Great to see this tech out in the wild! 👏

[Alex Lester @alexdlester]

@RaoulGMI A meme is worth a million words 🫡

[Alex Lester @alexdlester]

@RaoulGMI Would have to disagree with you on the YouTube comment. Every interaction generates more training data if you own the pipes 🥂

[Alex Lester @alexdlester]

@elonmusk @zerohedge Meaning even paying users are limited to how many tweets they can read?

[Alex Lester @alexdlester]

@ELONMUSKPONZI @TommyThornton Looking purely at deposits backed on the balance sheet $COIN has 1-1 backing. On paper they’re solvent.

If there’s a rate hike some banks may not have enough $ worth of bonds to meet withdrawals. Since bond prices drop when rates hike. Living at the mercy of FDIC/FED/Treasury.

[Inverse Cramer @CramerTracker]

👀

[Rowan Cheung @rowancheung]

Google is in trouble.

I got early 'Alpha' access to GPT-4 with browsing and ran some tests.

Here are 8 crazy things I found:

[Alex Lester @alexdlester]

@KentBeck Welcome to the future. Good thing you got here before everyone else!

[🇺🇸 Kyle Bass 🇹🇼 @Jkylebass]

Europe’s Milton Friedman moment is now upon us. Deutsche Bank’s price to insure against default is skyrocketing today. DB is one of the world’s 30 most systemically important banks (G-SIFIs). Here’s the problem for the Euro itself: Germany’s three largest banks ALREADY HAVE 97% of banking assets (in the US, it’s 35%). If you are a U.S. lawmaker, pay attention here. The FED just lent (via repo) the statutory limit ($60 billion USD) to an ‘unreported foreign sovereign’ (think Germany 🇩🇪). With complete deposit concentration, it’s likely the deposits will run to a safer foreign jurisdiction. Deutsche Bank is too big to fail AND possibly too big to save. What can the ECB do? Does it have the same resources and power the FED has? It doesn’t. Post the GFC, the majority of European banks never recapitalized themselves because there are still national identities today in Europe. No centralized power, no centralized taxing authority, and therefore not a ‘real’ union. We could be witnessing the beginning of the end of the EMU. $DB #EMU #Eurozone #bankingcrisis #EuroCrisis