Two big lessons: 1: Never use a token you created as collateral. 2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve. Binance has never used BNB for collateral, and we have never taken on debt. Stay #SAFU.🙏

Here is the note we sent to our LPs in GGFIII regarding FTX.

Compare the New York Times treatment of: 1. Coinbase having layoffs. 2. FTX defrauding customers, going bankrupt, and disappearing ~$10 Billion of other peoples’ money.

Clumsy regulation of FTX US is what drove US investors to "Bahamian mothership" in 1st place. US feds handicapped FTX US's ability to facilitate trades investors wanted, pushing millions offshore to a non-US-reg'd mkt. Where is accountability there? Also, defi makes this moot.

Expanding our capabilities to even better serve our global clients.

axios.com/leverage-means…

Next week, GBBC CEO Sandra Ro joins #AvisaPartners and Association for Women in Cryptocurrency for #WomensHistoryMonth, to discuss the rapidly changing environment alongside Crystal Kim, Kristin Smith, Lizzy Fallon, Katie Chase, Amanda AlpertLoveday, Nilmini Rubin Register now 👇

Witness the power of media. The @theatlantic profile wasn’t Licht’s singular undoing, but provided the needed justification for his ouster against a backdrop of a litany of transgressions & poor commercial performance. Licht is not the first or last un-self-aware CEO who

Just a brutal closing line from ⁦Dan Primack⁩. The ⁦PGA TOUR⁩ is getting the coverage it deserves.

Wondering how much the conversation will wade into the likelihood of US-based firms relocating HQs to EU in the context of #MiCA. Compliance will be the theme of the next 12-18mos for EU.

This is an accurate take

BlackRock shows up and bitcoin is up 20% for the week. People forget that bitcoin went from $0 to nearly $1 trillion market cap with almost no institutional participation. If retail investors were good for $1T, what do you think happens when the deep pockets come play?

A must watch. Former SEC Chairman Jay Clayton describes the new and deeply un-American ethos of the U.S. Securities and Exchange Commission under Gary Gensler — if we're not losing cases, we aren't suing enough businesses. This is a total abuse of power.

Not to mention the U.S. Securities and Exchange Commission has aggressively expanded its legal theories with NO identifiable mandate from anywhere or any public demand for it. And trying to impress Elizabeth Warren doesn't count.

A tale of two realities: One where FORTUNE digs into the truth of the story and one where Reuters prints garbage based on partial data. I won't waste my time asking them to fix the crap they printed last month since the damage has already been done to our reputation

King of Spain at the final day of Wimbledon. This looks great. Very rare to see this level of tailoring nowadays, even on the wealthy. So let's talk about some of the reasons why it's great. 🧵

“The obstacle is the way.” cc ⁦Ryan Holiday⁩

New from ⁦Clare Malone:⁩ David Zaslav, Hollywood Antihero | The New Yorker newyorker.com/news/annals-of…

Very excited for Forward Global to have an official presence at the center of global finance, law, industry, and trade. With offices now in the east coast's three most important cities, Forward is better positioned than ever before to provide mission-critical solutions to our