David Blumenfeld

@serdave-eth

95 Following

351 Followers

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David Blumenfeld

Crypto Daily 4/7. Here's your story of the day: -Galaxy Digital gained SEC approval to list on the NASAQ, with trading expect to open shortly after a special shareholder meeting to approve the listing on May 9. The firm recently settled with the state of New York for $200 million over it's promotion of TerraUSD/Luna in 2021/22. Source: https://www.bloomberg.com/news/articles/2025-04-07/novogratz-s-crypto-conglomerate-galaxy-digital-to-list-on-nasdaq?srnd=phx-crypto

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David Blumenfeld

Crypto Daily 4/6. Here's your story of the day: -Over $900 million of cryptocurrency liquidations occurred on Sunday after US stock futures opened -4%. BTC and ETH dropped as low as $77,000 and $1,550 respectively. source: https://decrypt.co/313572/market-panic-black-monday-crypto-liquidations

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David Blumenfeld

Crypto Daily 4/5. Sorry for no crypto daily yesterday. I fell asleep on the couch watching Remember The Titans with @maaria (incredible movie if you haven't watched). Heres your stories of the day: -The SEC announced that stablecoins backed by stable currencies, commodities, or high-quality liquid assets are not securities requiring registration. Source: https://www.bloomberg.com/news/articles/2025-04-04/sec-says-stablecoins-aren-t-securities-that-require-registration -Stablecoin firm Circle is considering delaying its IPO due to economic uncertainty caused by President Trump's new trade tariffs. Source: https://cointelegraph.com/news/stablecoin-circle-may-pause-ipo-plans -Tether CEO Paolo Ardoino revealed the company is considering launching a new US-compliant stablecoin rather than adapting USDT to meet pending American regulations. Source: https://decrypt.co/313442/tether-usdt-us-laws-needs-new-stablecoin-ceo

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David Blumenfeld

At the stage of the cycle where Fidelity is emailing me their condolences

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David Blumenfeld

Crypto Daily 4/3. Here's your story of the day: -Ethereum's Pectra upgrade is scheduled for May 7. The upgrade includes native account abstraction, increasing ETH staking limit from 32 to 2048 ETH and increasing the maximum blob count/block. Source: https://decrypt.co/313188/ethereum-pectra-upgrade-set-may

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David Blumenfeld

Crypto Daily 4/2. Here's your story of the day: -Overall crypto market cap dropped over 3% after President Donald Trump announced tariffs on US trading partners worldwide, with BTC and ETH going as low as $82k and $1.8k respectively. Gold reached a new all time high of $3,160/oz, with bullion being one of the few commodities exempt from the tariffs. Source: https://www.bloomberg.com/news/articles/2025-04-02/bitcoin-settles-in-narrow-range-after-trump-sets-trade-tariffs?srnd=phx-crypto

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David Blumenfeld

Crypto Daily 4/1. Here's your stories of the day: -Circle, the issuer of USDC, filed it's S-1 with the SEC to go public, aiming for a $5b valuation. Circle previously tried doing an IPO via SPAC in 2022 but the deal collapsed under regulatory challenges. Source: https://www.cnbc.com/2025/04/01/usdc-issuer-circle-files-for-ipo-as-public-markets-open-to-crypto.html -The SEC is seeking a 60 day pause in its lawsuit against Gemini for the two sides to explore a resolution. The lawsuit alleged Gemini's earn program, a lending program that went insolvent during the collapse of FTX, was an unregistered securities offering. Source: https://www.bloomberg.com/news/articles/2025-04-01/sec-and-winklevoss-gemini-trust-to-explore-lawsuit-resolution?srnd=phx-crypto

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David Blumenfeld

Crypto Daily 3/31. Here's your stories of the day: -BlackRock CEO Larry Fink warned investors that the US would lose its world reserve currency status to digital assets like bitcoin if it didn't get its debt under control. Fink also suggested that every asset -- from bonds to stocks to funds -- would be tokenized. Source: https://www.theblock.co/post/348849/blackrock-ceo-larry-fink-us-debt-dollar-world-reserve-currency-bitcoin -USDC stablecoin issuer Circle has tapped JPMorgan and Citi to assist in an IPO planned for later this year. Source: https://www.theblock.co/post/348892/stablecoin-issuer-circle-taps-jp-morgan-chase-citi-ahead-of-its-planned-ipo-filing-in-late-april-report

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David Blumenfeld

Crypto daily 3/29. Here's your stories of the day: -The FTX estate will begin repaying major creditor claims on May 30, valuing claims at their November 2022 bankruptcy petition date prices, which are significantly lower than current market values. Source: https://www.theblock.co/post/348774/ftx-major-repayments-to-begin-may-30-btc-claims-currently-worth-just-20-of-market-price -Donald Trump pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who pleaded guilty in 2022 to violating the Bank Secrecy Act. Each received probation and agreed to forfeit $10 million as part of their plea deals. Source: https://www.bloomberg.com/news/articles/2025-03-28/trump-pardons-bitmex-co-founders-arthur-hayes-benjamin-delo-and-samuel-reed

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David Blumenfeld

Crypto daily 3/28. Here's your story of the day: -The FDIC released a statement that banks can engage in crypto-related activities without getting the agency's approval beforehand. The FDIC had a hostile stance towards crypto under the Biden administration; often threatening to cut insurance to banks working with crypto companies (a major component of "Operation Chokepoint 2.0"). Source: https://www.theblock.co/post/348706/fdic-shifts-stance-on-digital-assets-and-will-allow-financial-institutions-to-engage-in-crypto-activities-without-getting-prior-sign-off FDIC statement: https://www.fdic.gov/news/press-releases/2025/fdic-clarifies-process-banks-engage-crypto-related-activities

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David Blumenfeld

Crypto daily 3/27. Here's your top story of the day: -Ethereum core devs deployed the Pectra upgrade on Hoodi testnet. The upgrade includes native account abstraction, increasing ETH staking limit from 32 to 2048 ETH and increasing the maximum blob count/block, but faced technical issues on prior tests on Holesky and Sepolia testnets. The upgrade is expected to deploy to mainnet as soon as end of April if the Hoodie testnet deployment goes without issues. Source: https://www.theblock.co/post/348367/ethereum-hoodi-pectra-upgrade

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David Blumenfeld

Crypto daily 3/26. Here are my favorite stories of the day: -The U.S. House of Representatives is preparing to release a stablecoin regulation bill, aiming to catch up with the Senate's GENIUS Act , which has already advanced through the Senate Banking Committee with bipartisan support. Source: https://www.coindesk.com/policy/2025/03/26/u-s-house-stablecoin-bill-poised-to-go-public-lawmaker-atop-crypto-panel-says -Hyperliquid delisted JELLY JELLY perpetuals after traders appeared to deliberately cause a short squeeze that exposed the exchange to potential losses in the hundreds of millions. The situation was exacerbated when competitor exchanges Binance and OKX listed JELLY JELLY perpetual contracts of their own. Source: https://beincrypto.com/hyperliquid-jelly-jelly-short-squeeze-binance-liquidations/

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David Blumenfeld

Crypto daily 3/25. Gonna do 2 stories today cause I missed a good one yesterday: -Stablecoin wars are heating up. Sam Altman's Worldcoin is in discussions with Visa to create a stablecoin wallet that would enable crypto payments across Visa's merchant network. Source: https://www.reuters.com/technology/sam-altmans-world-network-talks-with-visa-stablecoin-wallet-coindesk-reports-2025-03-24/ -Gamestop's board of directors approved a plan to add Bitcoin as a treasury reserve asset. Source: https://www.bloomberg.com/news/articles/2025-03-25/gamestop-is-latest-public-firm-to-jump-on-the-bitcoin-bandwagon?srnd=phx-crypto.

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David Blumenfeld

Introducing Crypto Daily: an amuse bouche of crypto weekly. 1 story/day. Today's story: -According to on-chain data, President Donald Trump's DeFi project World Liberty Financial deployed smart contracts for it's stablecoin $USD1 on Ethereum mainnet and BNB Chain. The stablecoin isn't currently available to trade. Source: https://decrypt.co/311362/trump-world-liberty-financial-stablecoin-ethereum-bnb

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David Blumenfeld

It’s Sunday which means it’s Crypto weekly 🧵 time with me and @maaria: Crypto saw a modest rebound this week, following a broader market rally sparked by the Federal Reserve’s decision to keep interest rates unchanged. The total crypto market cap, along with BTC and ETH, rose by 3%, 2%, and 6% respectively week over week. Here are my favorite stories: -The US Treasury Department removed sanctions on cryptocurrency mixer Tornado Cash that were imposed in 2022. -The total market cap for stablecoins reached over $230 billion, up 56% from the same time last year. USDT and USDC make up almost 90% of the stablecoin market. -Speaking of USDT, Tether is engaging with a "Big Four" accounting firm to audit its reserves. Tether has gotten its fair share of criticism over the years over the transparency of it's reserves.

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David Blumenfeld

It’s Sunday which means it’s Crypto weekly 🧵 time with me and @maaria: Crypto was not immune from the market wide sell-off of risk assets caused by Trump's numerous tariff announcements this week. Bitcoin fell as low as $77k and Ethereum fell below $1800 for the first time since 2023. Gold on the other hand reached an all time high of $3000/oz. Here are my favorite stories: -The Senate Banking Committee is pushing forward stablecoin legislation with the GENIUS Act. The draft legislation creates a framework for regulating privately-issued stablecoins – states would have oversight over stablecoin issuers with a market capitalization under $10 billion, while larger issuers would be regulated by the Federal Reserve and banking regulator the OCC. -US residents reportedly missed out on between $1.8 - $5 billion of cryptocurrency from airdrops due to geoblocking restrictions, costing federal and state governments between $284 million to $1.1 billion in tax revenue.

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David Blumenfeld

the lakers record is like crypto prices: I just don't look when it's down

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David Blumenfeld

been seeing more takes that a big reason for ETH's poor performance this cycle is because of the decline of NFTs. While NFTs did play a part in ETH's last bull run, it was really only the last 2x (ETH was at $2500 around the time NFT summer started). It was DeFi that really put ETH on the map, and made it the best place to launch said NFTs because of the available liquidity.

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David Blumenfeld

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David Blumenfeld

Just arrived. First bluray I've bought in years but I think will be the first of many more 😋

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