Tokenized gold: $4.4B market cap. 25% of all RWA growth.
Tokenized oil: $0.
Gold is easy — it sits in a vault. Oil moves through pipelines, tankers, and refineries. That complexity is exactly why nobody's cracked it yet. And exactly why whoever does will own the category.
@KingKaranCrypto Only thing we do know is Gensler will be out at the SEC. Anything beyond that is pure speculation, this nugget of which is probably driven by Gensler's people (as he is the only one to benefit, other than Trump himself, by the dissemination of such a rumor). Actual fake news.
(8/8) There is a real opportunity to help shape the Harris campaign’s position on crypto. We’d do ourselves a major disservice by not engaging. I speak for myself only. Uphold is a politically neutral company and I resigned as CEO in early 2022. I remain a Director.
(1/8) 1st posting in 2+ yrs. Biggest prior post: Uphold would be Only US trading venue not dropping XRP in wake of SEC's lawsuit. That decision, born of conviction (& trust in Paul Hastings) drove Uphold's growth and was subsequently proven to be the right decision by the courts.
(7/8) Kamala is a modern candidate able to understand that technology genies are never put back in bottles, and able to respect that the US has always led in financial innovation and has the deepest capital markets in the world as a result.
(2/3) Sorry for the hassle, but you will need to replace your limit orders in the market. For customers whose trades were CLEAR WINNERS, your trades are NOT REVERTED. If you feel you'd like to have your trade stand and not be reverted, please reach out to support.
(1/3) For a brief period today, trading spreads widened significantly. For LIMIT ORDERS triggered during this window to ADVERSE EFFECT, we will be reverting all transactions. A few customers will notice that their limit orders have been filled and then reverted.
This is why BTC0's design is so much more interesting than just switching bitcoin mining from coal to hydro... (which should also happen, except to solar or geothermal): https://t.co/KIAh6ZG8Th