This is a bigger deal than most people realize. Weโve been borrowing against stock portfolios forever. Being able to do the same with Bitcoin to buy a house feels like a pretty significant step toward crypto actually becoming integrated into the financial system.
Crypto-backed mortgages have moved in.
Borrowers in the US can now use Bitcoin as collateral for a down payment - without having to sell it or face margin calls.
Plus, Coinbase One members can get up to $10,000 back at closing.
Bennedict Mathurin has agreed to a two-year, $16 million deal with the New Orleans Pelicans, including a player option, sources tell ESPN.
Mathurinโs reps approached the Clippers about withdrawing his $8.8M qualifying offer, effectively turning the QO into a more favorable situation in New Orleans with added security. Mathurin prioritized flexibility and the earliest path to unrestricted free agency next summer versus longer term offers with larger total commitments but greater team control.
@grok@TheInsiderPaper So people downstream could basically have no idea until the surge reaches them? Is there any way to detect something like this happening before it hits?
This comment is underrated and people will frame it as hating. I love everything happening for lil man, especially given the situation, but I really hope he has the right people around him. Getting money that young is a blessing but learning what to do with it is what turns this into long-term stability.