magic money on the Internet
@crypto
via
@business
| tweets are my own and mostly about food | mshen118 (at) bloomberg dot net | NO PITCHES IN DMs/TELEGRAM
$10 billion worth of Ether staked
@LidoFinance
now vs. ~ $7.5 billion in ETH combined in Coinbase, Kraken and Binance (data via
@nansen_ai
) This is an remarkable accomplishment for a DeFi project and why I think it's important to introduce Lido and what's behind its success
When Do Kwon hinted a second asset to back UST, I really thought it's going to be Ether. But after talking to both Kwon and Emin Gün Sirer, it makes a lot of sense. via
@crypto
.
@justinsuntron
says Polygon's high profile overshadows Tron's explosive growth, as some DeFi projects on Tron have outperformed those on Polygon by some metrics.
@MuyaoShen
reports
$SHIB briefly surpassed $DOGE in market value on Wednesday.
Blockchain data shows a new force to be behind shiba's most recent price surge.
@MuyaoShen
reports
The ugliest element of crypto is humans. After everything happened in the past few weeks, I’m shocked by learning the perspective from two co-founders of 3AC via
@crypto
Popular crypto exchange
@HuobiGlobal
appears to have suspended new user registration for anyone from mainland China, while U.S. dollar-pegged stablecoin tether to Chinese yuan rate fell sharply on Huobi's over-the-counter service.
@MuyaoShen
reports
My journalist friend who covers AI told me that she’s never spent so much time on Twitter and it’s mentally exhausting. I said “welcome to an average day covering crypto.”
Starting next week, I will join
@crypto
as a crypto and DeFi reporter. After witnessing the explosive growth in crypto, I am thrilled to work with a group of smart, self-driven and hard-working people in a brand new team within
@Bloomberg
❤️🔥🔥It’s time to BUILD 🙃👷♀️
NEW: The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange.
just learned that my former colleague
@CoinDesk
, Shuai, who's Chinese, was stabbed by a white person on the A train in Brooklyn. (he was the only Asian guy on the train) Still processing the information, but if you can help Shuai - a
@columbiajourn
grad too, please reach out!
My favorite moment at
#SALTNY
day one was when crypto people like
@SBF_FTX
were totally following crypto dress code (I felt so underdressed in jeans surrounded by suit and ties.)
Exclusive: I travelled to Dubai last month and spoke to the arguably most powerful woman in crypto, as Binance faces the most dangerous moment in its history. Read more
@crypto
with
@justinaknope
This article by
@lvlewitinn
is so good. If you missed it during your Sunday reading time, bookmark this and dive into it when you have time.
Who Bought $1.6B in Bitcoin Wednesday, and Why? via
@coindesk
Some personal news: very sad to say that this week will be my last week
@CoinDesk
, the best newsroom I’ve worked in so far. It has helped me find my passion in journalism and provided tremendous support to me. Many people at CoinDesk remain my best friends and mentors.
in the middle of the chaos, I talked to
@mrjasonchoi
and
@0xWangarian
- both 27 years old with experience at top crypto VCs in Asia - about their new Web3 fund specifically for this bear market. via
@crypto
it looks like the life sponsored by billions of dollars worth of misused customer deposits is pretty vain - check out the awesome get by
@hgmiller29
of SBF before FTX collapse via
@crypto
Had a nice chat with
@katherineykwu
earlier about crypto VCs and now attending
@laurashin
book event! I feel good today and honestly, this space could embrace more females!
Finally the start of real institutional DeFi? On the heels of the launch of ETFs that hold $ETH , Nomura’s digital-asset unit Laser Digital plans to offer a higher-yielding alternative by working with
@dinero_xyz
and
@galaxyhq
via
@crypto
“I don’t if you’ve heard, there’s this massive drawdown (in crypto).”
@kgreifeld
has a way to make everyone laugh at
#BloombergCrypto
@crypto
- this is also so far the spiciest panel of the day (on greenifying crypto).
FINALLY!! If you wonder how exactly 3AC turned to crypto's Archegos or Long-Term Capital Management, we investigated and reported from Singapore, Dubai, to London, and New York. w
@justinaknope
@BenBartenstein
via
@crypto
@BW
NEW: Brevan Howard, which already has a giant crypto division, is joining other financial heavyweights to launch tokenized funds. The new tokenized fund will be built on Libre backed by
@LaserDigital_
and WebN group using
@0xPolygonLabs
CDK via
@crypto
a lot of rumors around $BTC purchase by
@LFG_org
and we finally got
@stablekwon
confirmed three addresses associated with their Bitcoin purchase. It looks like they had ~$2.2B in Tether and USDC and then ~$420M LUNA. So far, they purchased more than $1B worth of Bitcoin.
Exclusive: Daniel Howard, son of hedge fund billionaire and influential crypto investor Alan Howard, has started a new crypto fund with his 10T colleague Bhavin Vaid via
@crypto
I had always enjoyed chatting with TT about crypto and markets. We cited him as recent as last week in a story about market liquidity post-FTX……This is very very sad news and he was so young. Rest In Peace 🕯️
The layer 1 blockchain competition is getting ugly, as the former Ethereum alternative darling
@BinanceChain
sees a slowdown in its growth.
@MuyaoShen
reports.
COUNTDOWN TO LONDON: In less than 24 hours, the London hard fork upgrade is going live on
#Ethereum
. It contains 5 code changes including Ethereum's fee market change dubbed EIP 1559, as well as 4 additional Ethereum Improvement Proposals.
More information below ⬇️
The market cap of $USDT has suddenly stopped its rapid growth at the end of May as a "perfect storm" of China, USDC and FUD has hit the world's most valuable stablecoin.
@MuyaoShen
reports.
So Celsius cleared out some debt! But where did the funding come from? Based on
@nansen_ai
@Blockanalia
- some of the funding originated from FTX exchange in USDC. So who exactly helped the repayment remains unknown to public. The story is now available on
@TheTerminal
EXCLUSIVE
@TheTerminal
now: Bitcoin-focused startup
@babylon_chain
has raised $70 million in its latest funding round led by
@paradigm
-- it shows that at least some interest from crypto VCs are now going to the Bitcoin world (fixing typo from my previous tweet)
told my parents that I was on TV talking about Bitcoin (shoutout to
@Quicktake
for the opportunity ❤️). Dad: “my daughter is the best.” Mom: “OK.” - not your typical Asian parents.
JUST IN: Republicans, Democrats and
@USTreasury
have found a compromise on a contentious crypto provision in the infrastructure bill,
@SenToomey
and
@SenLummis
announced. But passage of the new language is far from certain.
@nikhileshde
reports
NEW: Binance admits past flaws in maintaining the backing of its wrapped version of BUSD - an example of how hard it is to run a centralized exchange. And the better option is always to fix mistakes and improve business. with
@emilyjnicolle
via
@crypto
A couple of months ago, my editor
@crypto
asked me what KOLs mean. And one thing led to the other… here’s a story about crypto KOLs - amazing to see a phrase first popularized in China now is everywhere thanks to crypto
Just hit
@TheTerminal
: the CEO of Bifinity UAB, Binance’s affiliate to process crypto to fiat payment, has left the firm. The largest crypto exchange today also announced that they launched new fiat partnerships to process Euro payments on Binance
GM! my very first Big Take story
@business
with my colleague
@Reganonymous
is out !!! (one of the top most read stories today!) - profiling the one and only Do Kwon. via
@crypto
Big shout-out to the
@crypto
team for a wonderful coverage around the Merge. Now you can read, watch, and listen to the Merge across
@business
via
@markets
This story came much later than other publications but it’s worth the wait! Special thanks to
@nansen_ai
for helping me track the fractionation of the 104 punks! - How a Big NFT Auction at Sotheby’s Ended in Mystery
For anyone who doesn't know Babel, its main business started with solid relationships with Bitcoin and Ethereum miners in Asia. They also allow miners to put up their machines as loan collateral and often serves as a bridge between Asia and the West.
In my conversation with Emin, he said Avalanche and Terra are two "complementary" ecosystems. "I wish that more and more coins would look for ways to grow the crypto space as opposed to compete for the same set of people," he said.
Crypto exchange
@coinbase
is launching a new blockchain. It shows that the company is willing to embrace a more open-sourced crypto economy, as the whole industry suffers from multiple blowups last year and a prolonged winter. via
@crypto
Also fell apart with Terra was hopes from people who were sold to this beautiful idea of decentralized money endorsed by big names. latest with
@ZekeFaux
@BW
@crypto
GM! Stop looking at prices and listen to one of the best Ethereum researchers
@christine_dkim
on her thoughts about the Merge and what's next for Ethereum via
@crypto
Proud of the team for getting this exclusive interview with 3AC co-founders and working relentlessly and quickly to publish this story. Shoutout to
@ossingerj
and
@Yueqi_Yang
and
@crypto
- everyone should read it. via
@crypto
Luna 2.0 went live just a few days ago and it's already causing a disaster with wild price swings. Many exchanges are supporting the new token, but price feed still shows Luna classic's price for the LUNA ticker.
Nice interview by
@leomschwartz
/
@FortuneMagazine
Goldman will launch three tokenization projects by end of year. But it also noted further down in the story that the funds will be launched on private blockchains
going to create a stablecoin called pizza and its value is pegged to this token called dough. For every pizza created, the same value of dough will be destroyed. The stable is partially backed by a reserve that includes pepperoni, ricotta, tomato sauce, parmesan, basil etc
NEW on the terminal now: criminal charges against Mango Markets exploiter Avraham Eisenberg show there’s a MAJOR difference between what’s regulated and what’s legal. with
@hgmiller29
/
@olgakharif
via
@crypto
I FINALLY DID IT: finally wrote a food story (with amazing
@VildanaHajric
) by visiting NYC's latest Bitcoin bar AND tasting its delicious hot dogs and fried mozzarella. via
@business
@crypto
I had a great chat with
@stablekwon
recently about Anchor, UST's $BTC reserve, his $11M bets on $LUNA and I hope more people get to know about Terra after this piece. via
@markets
NEW: The Biden administration is calling on some of the biggest digital-currency exchanges to help ensure that Russian individuals and entities targeted by U.S. sanctions aren't using the crypto markets to get around them
If you wonder why I haven’t been responding emails since last few days, I flew to the Basque Country to eat at the best restaurants in the world. Don’t call me unless Bitcoin breaks $60K
May is not even over yet, how is "Luna 2.0" already trendy on Twitter? I am having a hard time understanding the hype of new Luna token airdrop. via
@crypto
stETH's huge discount to Ether on the secondary market first appeared at the same time when TerraUSD depegged. How so?
@nansen_ai
come out with a longgg report on Terra's contagion in crypto, from Anchor, stETH, to Celsius, Three Arrows.
NEW chart: the FTX Executives Who Helped Run Sam Bankman-Fried's Crypto Empire - amazing work by
@hgmiller29
@ChrisDolmetsch
(the broken/unbroken hearts) via
@crypto
While all that’s happening…. Justin Schmidt, formerly at Goldman Sachs digital assets and Talos, has joined
@OndoFinance
as its president. The trend of tokenization is getting stronger in crypto everyday. exclusive
@crypto
Crypto is not dead, or I would have turned in a food review for
@luxury
- it was such an honor to join a number of blockchain events in Seoul earlier this month and amazing to see the community there remains dynamic. Link to my first
@crypto
newsletter
The NFT market is dead? But an unnamed borrower just financed 1,200 ETH from Crypto lender
@Nexo
via
@arcade_xyz
with two CryptoPunks Zombies as collateral via
@crypto
I know crypto got excited about Margot Robbie talking about the big Ken energy in mentioning Bitcoin in a conversation. But the only thing that is even close to being worth talking about is who are the Barbies in crypto. Honestly, who cares about crypto bros 🤷♀️
If DeFi projects are considering moving out of US due to regulatory crackdown, please consider Paris as an option. I have no idea about the regulations there, but I would love to work in Paris - thanks very much
The US SEC told exchanges including Nasdaq and Cboe, which filed the applications on behalf of BlackRock and Fidelity Investments, that their filings are insufficient. via
@KatLeighDoherty
@ElleBeyoud