David Blumenfeld

@serdave-eth

98 Following

351 Followers

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David Blumenfeld

Crypto Daily 4/26. Here's your story of the day: Spot bitcoin ETFs recorded over $3 billion in weekly inflows, a 5-month high and second-highest ever. Ethereum ETFs broke their 8-week negative streak with $157 million in inflows. Source: https://www.theblock.co/post/352071/us-spot-bitcoin-etfs-log-3-billion-in-weekly-inflows-a-5-month-high-following-btc-price-spike

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David Blumenfeld

Crypto Daily 4/24. Here's your story of the day: The US Federal Reserve rescinded guidance it gave in 2022 and 2023 to US banks advising them to not engage in crypto-related activities. Source: https://cointelegraph.com/news/federal-reserve-withdraws-crypto-guidance-for-banks

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David Blumenfeld

Crypto Weekly 4/23. Here's your story of the day: -Coinbase is trying to stall stablecoin bills set for a vote in congress in favor of pushing a market structure bill to a vote out of fears that passing two crypto bills in a single session of congress is too ambitious. Source: https://decrypt.co/315996/crypto-company-coinbase-stop-pro-crypto-bill-passing

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Human Global Payments = $3T Machine Global Payments = $300T We should be talking about stablecoins as offense tech, not "will replace legacy financial rails" tech. The dollar's global reach is a matter of national security, and stablecoins let us secure USD as the standard reserve currency for our robot future Sure stablecoins are great for replacing existing Visa transactions because they're cheaper + faster + blah blah blah, but the exciting opportunity is defining the financial and economic system for machines. Pushing stablecoin adoption and increasing demand for USD via stablecoins is strategically very good for the US over the long-term.

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David Blumenfeld

Crypto Daily 4/22. Here's your story of the day: -Cantor Fitzgerald, Tether and Softbank are in discussions to form a $3 billion SPAC focused on crypto investing. The SPAC is expected to make equity and liquid token investments. Source: https://www.bloomberg.com/news/articles/2025-04-23/cantor-in-talks-on-3-billion-crypto-spac-with-tether-xdt-softbank

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David Blumenfeld

Crypto Daily 4/21. Here's your story of the day: -Vitalik Buterin posted a proposal to replace Ethereum's EVM with RISC-V as the network's virtual machine language. Source: https://ethereum-magicians.org/t/long-term-l1-execution-layer-proposal-replace-the-evm-with-risc-v/23617

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David Blumenfeld

I wanna mint this

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David Blumenfeld

is it the content itself or how the price of the content is playing out?

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David Blumenfeld

i like the idea of coining content use crypto to incentivize good content and memes is a great use case is that controversial or is it just that the base marketing is cringe

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David Blumenfeld

Crypto Daily 4/17. Here's your story of the day: - Eigenlayer, the Ethereum restaking protocol, launched it's "slashing" feature today which penalizes bad actors and complete's the protocol's initial roadmap. Source: https://www.coindesk.com/tech/2025/04/17/eigenlayer-adds-key-slashing-feature-completing-original-vision

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David Blumenfeld

Crypto Daily 4/14. Here's your story of the day: - The SEC has postponed its decision on whether to allow Grayscale's Ethereum ETFs to engage in staking until June 1. Source: https://decrypt.co/314743/sec-postpones-decision-on-staking-for-grayscale-ethereum-etfs.

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David Blumenfeld

Crypto Daily 4/13. Here's your stories of the day: - The Mantra token (OM) crashed over 90% in a single hour, plummeting from $6 billion to $400 million market cap, with the team denying any wrongdoing. Source: https://decrypt.co/314662/mantra-token-crashes-90-in-one-hour-team-blames-reckless-liquidations - An NFT trader pleaded guilty to tax evasion after failing to report $13 million in profits from selling 97 CryptoPunk NFTs in 2021-2022, facing prison time in what appears to be the first major U.S. tax evasion case involving NFT sales. Source: https://www.theblock.co/post/350662/cryptopunk-whale-pleads-guilty-to-hiding-13m-profits-from-irs-faces-up-to-6-year-sentence

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David Blumenfeld

Crypto Daily 4/11. Here's your story of the day: -According to the Wall Street Journal, Binance founder Changpeng Zhao gave evidence against TRON founder Justin Sun as part of his plea deal with the US DOJ last year. Source: https://www.wsj.com/finance/regulation/binance-world-liberty-financial-crypto-deals-70c817c3.

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David Blumenfeld

Crypto Daily 4/10. Here's your stories of the day: -The US Senate confirmed Paul Atkins as the new SEC chair in a 52-44 vote. Atkins was an SEC commissioner under the Bush administration and held a number of advisory roles for digital-asset organizations in his post-SEC career. Source: https://www.bloomberg.com/news/articles/2025-04-09/wall-street-consultant-paul-atkins-confirmed-to-lead-trump-s-sec -President Trump signed legislation blocking an IRS rule that would have required Dex's and wallet providers to report transaction information to tax authorities. Source: https://www.bloomberg.com/news/articles/2025-04-11/trump-signs-bill-blocking-irs-crypto-tax-rule-biden-pushed

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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

I can't order chipotle on uber eats because I need to personally tell the person making my burrito to put less rice

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David Blumenfeld

I appreciate that you didn't include rice in your burrito analogy

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David Blumenfeld pfp

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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