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The Daily Crypto Blog is Back like Goldman Sachs (BTC trading desk)
A thread
http://cryptokram.com/2021/04/12/the-daily-crypto-blog-is-back-like-goldman-sachs-btc-trading-desk/
A thread
http://cryptokram.com/2021/04/12/the-daily-crypto-blog-is-back-like-goldman-sachs-btc-trading-desk/
I'm going to start writing about crypto everyday (again) because I want to hone my writing skillz, stay up to date on current events, and, of course, finally get all of my mediocre jokes out of my brain and into the ether.
Daily Bits
- Binance ( https://www.coindesk.com/binance-allows-users-to-trade-tokenized-stock-tokens-starting-with-tesla) is launching a platform for users to buy/sell tokenized shares of... stock? As of today, users can purchase Tesla (as little as 1/100th of a share) for the low, low price of using a centralized exchange -- the trades are commission free.
The centralized little tokens will even qualify holders (not HODLers cuz we're talking stocks here) for returns + dividends.
- HSBC ( https://decrypt.co/66277/hsbc-lacks-appetite-bitcoin-bans-microstrategy-stock), one of the worlds largest swindlers, I mean banks, took its anti-crypto stance another step further by banning customers from trading MicroStrategy stock. Customers were already banned from transferring fiat to/from cryptocurrency exchanges.
HSBC explained its decision by saying it "has no appetite for direct exposure to virtual currencies," which seems... outdated ( https://www.coindesk.com/visa-uses-anchorage-to-settle-usdc-transaction-on-ethereum-in-further-crypto-push) given recent events.
- Galaxy Digital ( https://www.coindesk.com/galaxy-digital-files-for-us-bitcoin-etf), led by Mike Novogratz, filed for a bitcoin ETF today.
The is reviewing 2 applications at the moment while 6 other applicants are already queued up to be most likely swatted away without explanation because the U.S., inexplicably, wants to continue letting Canada be the most crypto-progressive country in North America.
Boom, hows that for a run on sentence.
- Biden and his officials are officially spooked ( https://www.theblockcrypto.com/linked/101377/biden-admin-digital-yuan-dollar) that the recently released digital yuan threatens the dollars' dominance (editors note: they should have thought about that before making the money printer go brrrrrr to the tune of $1.9 trill…
5 Phenomenal Tweets (ok they're kinda cool but phenomenal was alliterative)
- If you haven't checked out the Cyber Hornet King's interview with a toddler, well, then you need to drop whatever you are doing (don't actually drop your phone though because that would defeat the purpose) and check it out. https://twitter.com/LilyKnightShow/status/1381627288542867461
2. Speaking of the Cyber Hornet King, Saylor's bitcoin ETF, I mean company, announced that its paying board members in bitcoin ( https://twitter.com/michael_saylor/status/1381579120354717699) because MicroStrategy is full of big ballers.
Russell Okung, the NFL player who took his salary in BTC like six months ago and is now mega-rich instead of super-rich, tweeted out a pretty good response: https://twitter.com/RussellOkung/status/1381752346728927232
3. TIME Magazine announced a partnership with Grayscale, you know, the biggest digital asset manager in the universe, for a new video series on the crypto space. The catch... Time is getting paid in BTC by Grayscale and will HODL that fake internet money on its balance sheet.
This, in itself, is pretty damn cool. This next tweet, however, got me even more excited! https://twitter.com/DzambhalaHODL/status/1381664597657194504
4. The NYSE announced that its minting a few NFTs for some reason. Literally - who cares. Hayden Adams, creator of NYSE 2.0, I mean Uniswap, had a pretty funny response. https://twitter.com/haydenzadams/status/1381677367358283783
5. Nobody liked this tweet I sent out which kind of hurt my feelings but I noticed that we hit a monthly low in ETH gas fees. Not sure why this was the case, but I was pretty excited to ape into some Uniswap trades for the low, low fee of about .004 ETH. https://twitter.com/kramscrypto/status/1381715125325955072
Meme of the Day
Parting Thoughts
Today was a pretty fun day. BTC is crushing it around $60k and ETH having a party above $2,100.
Uniswap was the big gainer of the day, shooting up from $30 to an eye-popping $38 dollars, making Unicorns everywhere cry sweet, sweet rainbow tears of joy (disclaimer: my bag is about 10% of Uniswap).
Besides that, I'm keeping an eye on Coinbase's IPO that is set for Wednesday.
Besides that, I'm keeping an eye on Coinbase's IPO that is set for Wednesday.
Until next time,
Kram
Kram
This thread can be read here: http://cryptokram.com/2021/04/12/the-daily-crypto-blog-is-back-like-goldman-sachs-btc-trading-desk/
