Next month's Shanghai Fork will enable Staked ETH withdrawals from the Beacon Chain. Do you understand how it works? With $20b in ETH that could get unstaked, it's worth it to stay up to speed. Here's a little cheat sheet thread with everything you need to know:

Half of Bitcoin holders are diamond hands 💎 49% of the total BTC supply has stayed in the same wallets for 2+ years, according to glassnode That's a new all-time high

Coinbase is launching a Layer 2. Coinbase has 110 million users. They're going to onboard them all to Ethereum. This is a massive day for Ethereum. This is how the world goes bankless.

“There is an infinite amount of cash at the Federal Reserve” 🔊

1/8 There doesn’t seem to be much sign that Signature was under duress when it was closed. So why was it closed under FDIC procedures which screw over investors and not a charter revoke that lets it liquidate?

BREAKING NEWS: Another Congressman literally traded banking stocks again. Lois Frankel sold $FRC on March 16th, avoiding the remaining 80% drop. She THEN BOUGHT $JPM, the bank buying FRC on March 22nd.

I just burned a million to tell you they're printing trillions.

"I almost think you'd scare the public. If you put this out, like why are they telling me this? Should I be concerned about my bank? ...I would be careful about the unintended consequences of starting to blast too much of this out in the general public." — FDIC, Nov 9 2022

Deposits are fleeing banks So they'll try to ban shorts And impose capital controls But eventually be forced to revert to ZIRP So, buy Bitcoin Agree with all that. Overall a great clip. The interesting part of Hugh Hendry Acid Capitalist TV's thesis is that he also recommends buying ultra-long

I've given political donations a handful of times in my life, typically tiny ones, in the $100 or $500 range. At this point, however, I think I will sit it out and just keep giving huge tips to waiters and baristas.

🚨 BREAKING: #binance has just seen the largest Bitcoin outflow on record. Over $4.6 billion (162,000 BTC) has just left the exchange and moved to cold storage. 🐋 Whales are stacking

Gary Gensler Gary, the SEC approved Coinbase’s IPO, with full knowledge of Coinbase’s business model and after seeking clarification on CB’s operations on multiple occasions. If CB was not compliant with the law, the SEC should not have approved it to become a publicly traded company in the

The numbers don't lie.

1/ The stakes just keep getting higher for the ruling in SEC v. Ripple. Here's why. If Judge Torres rules that $XRP tokens trading on secondary markets are Not Securities--it would undermine the entire basis for the SEC's case against @Coinbase and much of the @Binance case.

This month in crypto: June 5: SEC sues Binance June 6: SEC sues Coinbase June 14: Bitcoin falls below $25,000 June 15: BlackRock files for spot Bitcoin ETF June 19: Fidelity planning to file spot Bitcoin ETF June 20: Crypto exchange backed by Citadel, Fidelity, and Schwab

The ruling that XRP is not itself an investment contract is a significant blow to the SEC's case against @Coinbase and the other crypto exchanges. While Judge Torres' decision is not "binding precedent" it is extremely well reasoned and will be cited in all motions to dismiss.

The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and U.S. Securities and Exchange Commission and Gary Gensler have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye

JUST IN: $9 trillion asset manager BlackRock CEO says #crypto will transcend international currencies due to global demand.