Personal news: I’m joining @GSR_io as Head of Content and Special Projects.
I’ve covered crypto since 2017, always drawn to market structure and how institutions shape this space. What started with bitcoin futures has evolved into a truly institutional market with real liquidity, access, and regulatory clarity.
Now I get to help tell that story from the inside.
i see people are upset that elon didn't generate his wealth the right way, drawing a 7 figure annual salary from a prestigious washington dc based ngo with a 25% program expense ratio
The best interviews happen when the host knows the space cold. @FintechFrank pushed on the questions that actually matter. Liquidity, capital and why on-chain finance hasn't grown up yet.
Enjoyed this one. Full conversation:
This content is for informational purposes only and does not constitute investment advice. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth: evernorth.xyz/blog-post-03-1…
This episode features a wide-ranging conversation between Asheesh Birla (@ashgoblue), CEO of Evernorth, and Frank (@fintechfrank) on actively managed digital asset treasuries, the crypto market shakeout, and more.
Watch it here:
$SPCX - CITADEL HANDLES RECORD RETAIL IPO ORDERS
Citadel Securities said it processed a record number of retail orders during an IPO auction, based on its internal data. The firm described the activity as the largest retail order flow it has handled for an IPO auction to date.
It's a new era for perps in the U.S.
GSR is proud to provide liquidity to the first regulated perpetual futures products in U.S. history on Kalshi.
gsr.io/insights/gsr-provides…
SpaceX's initial public offering debuts tomorrow.
"Crypto is a funding currency for a lot of this. We've got to find $75 billion for this IPO, and it's got to come from somewhere," said Spencer Hallarn, GSR's Global Head of OTC Trading.
reuters.com/legal/government…
New: Investors are paying a record premium to hedge individual stocks versus the broader market.
The gap between single-stock volatility and index volatility is now at an all-time high.
Source: Apollo
New: Citigroup is rolling out tokenized shares of private companies.
The bank says it’s already in discussions with some of the world’s largest private firms as it looks to expand access to the private markets.
The move comes as companies stay private longer and investor demand for names like SpaceX and Anthropic continues to surge.
The New York Knicks pulled off the greatest comeback in NBA Finals history, rallying from a 29-point deficit to defeat the San Antonio Spurs in Game 4 by a score of 107-106. cnn.it/4eikjUC
Crypto's capital markets at a critical "convergence moment" with traditional finance and its legacy trading infrastructure.
Joshua Riezman (@JoshR_GSR), our head of legal and strategy, explains what that means for GSR and how we're approaching it.
1) Almost a year ago I stepped back from crypto to focus on multiple personal projects. I traveled, I read, I reflected and I built. Today I am announcing the main one: @TVLCap, which I am proud to have co-founded, and a $5M raise to bring structured products onchain.
Since Jan 2025, the median return on newly listed tokens across major CEXs has been -82%.
• Only 12% of listings were profitable at hold-to-date
• 52% fell more than 80% from listing price
• A basket of every CEX listing turned $652K into $323K
absolutely brutal
source: Delphi