The FTX blow up has highlighted this strategic question. This is one WITHOUT a magic quadrant. Crypto is either a regulated asset or a disruptive technology – but it cannot be both. If you believe that crypto is a regulated asset, the easy trade is to buy Coinbase stock (COIN). Coinbase is fully regulated in…
Read more
Warren Buffet, who has a way with words, said only when the tide goes out can you see who has been swimming naked. During 2022 the tide has been out in a tough bear market and FTX has been swimming naked. So I decided to dig in and try to get some perspective amid all…
Read more
Major U.S. exchange Coinbase’s COIN stock has received a reference price at $250 from Nasdaq, ahead of the much-anticipated direct listing on the stock exchange just hours from now. The price is far below the current FTX pre-trading price of $600, albeit on thin 24-hour volume of under $4 million. The exchange is going public…
Read more
Step Finance, a Solana-native decentralized finance protocol, announced the completion of a private token sale for $2 million, which will help build and develop its platform. The round, disclosed on Tuesday, saw participation from notable Solana backers including Alameda Research, the hedge fund known for launching and backing FTX and Serum. Other investors include Raydium,…
Read more