JUST IN: Robinhood CEO Vlad Tenev says "markets closing at the end of the day is a legacy design choice."
"Tokenization opens the door to a system that looks more like the internet itself."
JPMorgan now accepting BTC as loan collateral at 50-70% LTV for private banking clients. coinbase and fannie mae closing the first BTC-backed mortgages at 250% collateralization. the math: whale with 500 BTC at $30k cost basis can pull $21m in liquidity from JPM instead of selling and paying $4.76m in capital gains tax. that's not even close. borrowing at 8-9% annually beats a permanent 23.8% tax hit every single time. this is why 332,000 BTC got accumulated by long-term holders in 30 days and MSTR hasn't sold a single sat from 528,000 BTC. they're not building positions to exit. they're building collateral stacks. if 1-2% of BTC supply gets pledged through these programs that's 285,000-570,000 BTC locked and unable to be sold without default. more than MSTR's entire treasury. the endgame for BTC is never sell, only borrow against it. the IRS hasn't ruled whether pledging is a constructive sale yet. that's the risk. but until they do, this is the biggest tax arbitrage in crypto history playing out in real time
Summit Diaries: @JamboTechnology has soared since the last summit, but James always knew its secret sauce: Organic.
This year, Jambo's back as an epic partner.
Apply now — link in the replies 👇
.@peaq is partnering with @JamboTechnology, the world's largest onchain mobile service
The collaboration will see all JamboPhone 2 models come with built-in DePINs on peaq, including @silencioNetwork
Read more: https://t.co/Xg1o1faStt
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