Cary Potuo

Former TradFi professional transitioning into DeFi

[JupiterDAO @jup_dao]

The vote passed and the community has decided:

3 Billion JUP will be burned from the supply over time.

[Yadin Soffer @yadinsoffer]

Met with a C-level exec from a multi-billion polling/market research firm and they did not know @Polymarket. When I showed it to them first reaction was “can I buy them”, second was “we’re f’d”

[Kiln 🧱🔥 @Kiln_finance]

Ethereum ETFs are coming—are you ready for the expected launch tomorrow?

Check out our benchmark on the various ETH investment methodologies available. At Kiln, we're excited to support this new milestone!

[Securitize @Securitize]

Congratulations @BlackRock's #BUIDL which has become the first tokenized money market fund to reach a market cap of $500 million in less than 4 months.

@Securitize is proud to be @BlackRock’s transfer agent, broker-dealer, and tokenization platform for #BUIDL.

[Mike MacCana @mikemaccana]

London Solana folks: I’ll be at London Startup Village to answer questions on 3rd of July (afternoon) and 4th of July (all day).

[Bloomberg Crypto @crypto]

Singapore's largest bank DBS will for the first time custody stablecoin reserves and offer related cash management services, deepening its push into digital assets https://t.co/gC5QtvWvpB

[Watcher.Guru @WatcherGuru]

JUST IN: 21Shares officially files for spot Solana ETF.

[marginfi @marginfi]

believe in something

[Crypto.com @cryptocom]

Tokens = coins? Not exactly. Here’s the difference👇

https://t.co/2QzkYR9OST

[Cary Potuo @CPotuo]

Unfortunately, mainstream news tends to focus mainly on the extreme volatility of meme coins and less on the decentralized applications and technology being developed around blockchain.

[Cary Potuo @CPotuo]

Echoing some voices in the crypto community: meme coins can be counterproductive in improving the outlook of institutional investors on crypto. They paint a picture of a crypto world filled with speculators rather than long-term investors.

[CoinDesk @CoinDesk]

Cathie Wood's Ark has been a vocal proponent of crypto for years and is among firms that already offer a #bitcoinETF.

It joined with other firms applying to offer #etherETFs in the U.S. But then, within the past week, it bowed out without explaining why. https://t.co/HhieGLxZel

[CoinDesk @CoinDesk]

Cryptocurrency exchange Kraken is said to be in talks for pre-IPO funding, according to Bloomberg.

The company is looking to raise more than $100 million, which may be completed by the end of this year. https://t.co/E4lkleVIXP

[Cary Potuo @CPotuo]

Surely if staking is taken out of the equation that's already 3% loss, additionally factoring the cost of execution/spread charged by MM on ETF and you are better off staying away from this ETF

[Cary Potuo @CPotuo]

ETH is definitely overvalued. The rally triggered by the ETF approval process is overestimating the inflow that the ETF will generate.