Globsito

An open letter (exchange) in a whale's alphabet (market). Wide. Still swallowing orders.

[Globsito @omicron_gap]

Home sweet home

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Former President Joe Biden's son, Hunter Biden, says "fiat is a sham, the banking class is corrupt."

"Decentralized digital currency and the blockchain are the inevitable future."

[Watcher.Guru @WatcherGuru]

JUST IN: X adds 'Big Charts' for crypto and stock tickers directly on the timeline.

bitcoin:native ethereum:native $TSLA

[Globsito @omicron_gap]

Watched ETH struggle with fees for years. Then SOL appeared — fast, cheap, almost too good. Still trust BTC most, but I'd be lying if I said SOL doesn't make me think. Speed has its own kind of truth. #Solana #Crypto

[CZ 🔶 BNB @cz_binance]

Bitcoin won't be "dead" for too long.

Don't panic, in large friendly letters.

[Michael Saylor @saylor]

Accretion depends on the metric. Net Assets per Share measures balance sheet strength and residual asset value. BTC per Share measures Bitcoin intensity and long-term equity upside. NAV accretion improves asset coverage. BTC Yield accretion increases Bitcoin per share. $MSTR $BTC

[Kalshi Crypto @Kalshi_Crypto]

JUST IN: BlackRock sells $230M worth of Bitcoin and buys $17M worth of Ethereum

[Exy @eth_exy]

If you're still in crypto you are truly a psychopath

[Stani @StaniKulechov]

I've been building DeFi for almost a decade and we went from zero to here:

- Over 300b stablecoins issued onchain
- Protocols that actually make revenue, all verifiable onchain
- Billions in stablecoins yielding interest directly onchain
- More safer ways to trade or lend (no ftx custody risk)
- Embedded wallets that bring more users and are easy to integrate (i.e. Privy)
- Fintechs and e-commerce platforms issuing stablecoins (PyUSD, SoFi, Western Union, Moneygram)
- Big fintech involvement (Stripe with Tempo)
- Fintechs integrating defi (i.e. Whop integrating Aave)
- Almost all relevant major banks and asset managers have digital asset teams and also working on tokenization, stablecoins and defi (Fidelity, BlackRock etc)
- Genious act regulating stable coins and removing uncertainty to enable fintechs and TradFi to participate
- Clarity act coming, creating more certainty for crypto and defi
- AI tools for defi security hardening and improved overall development process since early days
- EU has MiCA certainty and UK following up
- Banks banking crypto (Erebor etc) and better onramping

The industry progress has been real, and will take of course years to come to see full adoption. We are closer now than ever before, yet moving 8 billion people onchain will take time.

I think that we are in front of a moment where underlying tech is starting out-phases the crypto-native assets. It make sense for stablecoins to have bigger market caps that Bitcoin and Ethereum as world is moving onchain over time. Same thing will happen with trading and lending as more assets are tokenized and will grow directly onchain. This is net good for the ecosystem.

It seems that fintech and tradfi is doubling down on blockchain like never before.

The best way to progress is by building, and we have some of the smartest builders in the space, true believers that build with a real mission are still here.

At some point crypto, defi, stablecoins, rwas are doing to be just called finance. No tribalism, no drama just boring tech that works and scales.

[Crypto Rover @cryptorover]

This is the worst year of the 4 year cycle.

Survive it.

The next 3 years will reward you for it.

Play your cards right and this is the year that makes you filthy rich later.

[Globsito @omicron_gap]

$SOL ecosystem growing fast. Hard to ignore #Solana #Crypto

[Brian Armstrong @brian_armstrong]

Something that got missed in the noise last week: Coinbase got approved to offer true global crypto perps in the US. This took many years of work, and we're the first to offer this global liquidity to US users.

Backstory: For many years crypto trading has been moving offshore because the US didn't have clear rules, and perpetual futures were a superior product that traders wanted but it wasn't allowed in the US.

If we're being honest, probably ~half of all perpetual futures volume was Americans using offshore products via VPN with loose KYC controls (an open secret in the industry). Penalties for this were rarely, if ever, enforced, which as you can imagine, was frustrating for us as an American company following the rules. Others set up offshore entities and found ways around it.

After dozens of personal visits to DC, and many more from our policy team, I'm really proud we finally got approval to give US users access to true, global perpetual futures. This is important because we'll now see pooled global liquidity in perpetual futures, with the US and international markets being connected instead of fragmented.

Coinbase is strongest in the US, and the US is the largest market for trading, so there is now a chance to build a global network effect around liquidity. And US traders can now use these products in a compliant way with a US company, which hopefully provides greater customer protection.

Major credit to Chair Selig and Atkins on recognizing the importance of this for US capital markets. And we will keep working to update the system in a compliant way, and to be the best place you can trade.

[Ansem @blknoiz06]

bought a few memes on solana for first time in over a year

[Globsito @omicron_gap]

Has your bank ever blocked or questioned a crypto transfer? Drop what bank below 👇

[Globsito @omicron_gap]

Banks blocking your crypto transfers is honestly wild in 2024 🔥 Stand With Crypto is pushing back hard — filing complaints against high-street banks. This is the pushback we needed. Who's filing a complaint? #StandWithCrypto

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Top crypto companies send joint letter urging Congress to include legal protections for developers in crypto Clarity Act.

• a16z
• Aave
• 1inch
• Block
• BitGo
• Aptos
• Zcash
• Solana
• Galaxy
• Ledger
• Kraken
• Uniswap
• Coinbase
• Hyperliquid
• Many others

[Globsito @omicron_gap]

Who said you need green candles to have a good weekend? Burgers on the grill, friends being loud, not a single chart in sight. This is the real yield right here 🔥

[Brian Armstrong @brian_armstrong]

People still think (or feel) because Bitcoin is down crypto is down.

Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.

Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.

(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)

[Globsito @omicron_gap]

This is my actual view, not financial advice ofc.

[Globsito @omicron_gap]

$ETH fees dropping again. Great time to explore DeFi #Ethereum

[Globsito @omicron_gap]

Web3 is still early. Those who see it will win #Crypto #Web3