BlackRock: New US legislation is cementing stablecoins in the future of finance, 1 of 5 mega forces we see driving returns

This morning's witnesses in the Roman Storm trial: - @a16zcrypto partner Guy Wuollet - Tornado cash user Omid Malekan - Expert witness @prysmeconomics founding economist Dr. Stephanie Hurder (paid $120,000 so far by defense) Defense said it could rest today. They're still unsure whether Storm will testify.

2/ Trading Volume by Asset When you reframe the data as market share, it becomes abundantly clear that Ethereum is making a big dent. I tis over 50% on a daily basis on certain days over the past few weeks in July!

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One observation on treasury companies: at least for BTC, ETH and SOL, the price of the underlying asset runs ahead of the actual token buying (see pics below). So one downside of these vehicles is that they consistently allow the market to frontrun them. cc @blockworksres

🚨Interactive Brokers ($IBKR, mkt cap $111B) mulls launching its own stablecoin to enable 24/7 funding and crypto transfers for its ~3.9M clients per CEO, riding the tailwinds of newly loosened U.S. stablecoin regulations.

happy friday

Crypto Treasury Companies saw $7.3b in volume today Volume leaders: - MSTR 40% - BMNR 29% - SBET 24%

first ozzy and now hulk?!

Solana & Ethereum REV prediction markets are live on @Kalshi Put your money where your mouth is