It's Friday night, the kids are in bed, the biggest piece of crypto legislation for this year has dropped—the McHenry-Thompson bill on market structure— so let's get this party started.
Here’s a deep dive into the bill’s contents. Thread
docs.house.gov/meetings/AG/A…
1/ It is false that FalconX is transacting with Alameda Research, as suggested by a recent publication. The address that was published is a FalconX client's address. It is NOT Alameda. @decryptmedia@MarioNawfal
1/ It is false that FalconX is transacting with Alameda Research, as suggested by a recent publication. The address that was published is a FalconX client's address. It is NOT Alameda. @decryptmedia@MarioNawfal
1/ FalconX has no exposure to Genesis.
It's sad to see the industry (customers, partners, and competitors) in pain from FTX fallout... Trust is broken, and we need to rebuild differently. Is the new world order trustless in the centralized layer of Crypto?
1/ FalconX started in 2018. We’ve been through many cycles – yet this one is different, customers have been hurt, investor confidence took a hit, and regulators are justifiably concerned. As an industry, we need to do better, and we have a lot of work to do to come out stronger.
Bitcoin may be crashing, but @falconxnetwork is flying high 🦅 CEO @2Ragu joins on the heels of the crypto exchange's $150M funding round for a closer look at the company's Q1 highlights, customers and engagement.
1/6 Announcing FalconX’s $150M #SeriesD from GIC, @BCapitalGroup, @thomabravo, @Wellington_Mgmt, Tiger Global Management & Adams Street Partners! This raise & our recent growth, despite market conditions, validates most of the world's value will be tokenized, including equities.
1/ Seeing the term #perpetuals, or perps, and wondering what all the buzz is about? Here's a short thread 🧵on what they are and how they impact the #crypto market. ⬇️
There is really only one bear market theory right now, and it's likely incorrect. The beginning of Fed tightening cycles & liquidity withdrawals do not start bear markets.
ar.ca/blog/debunking-more-ov…
We also dive into why $RON will likely be wildly mis-priced when it launches
"Our revenue grew 30X through our last fundraise announcement in August and we’ve seen significant growth since. We’ve also tripled our customer base organically" @2Ragu CEO of @falconxnetwork in conversation w/ @Steven_Ehrlich. Read the article on @ForbesCrypto@Forbes below:
We believe the next billion crypto users will go to their current #fintech app or broker for #crypto. We're excited to power this institutional transformation & expand the crypto ecosystem. Really enjoyed jamming with @Steven_Ehrlich at @Forbes - thanks!
bit.ly/forbesfx
Honored to be included in @slhzdh's #FinTwitIn280 series. I always look forward to reading these short bits about #fintwit folks Monday morning. Thanks, Kian!
I’m just minding my own business reading the Wall Street Journal and what do I see (on the back cover no less)? Welcome to the world @Onrampinvest. (That had to cost a pretty penny so hope @DowJones takes #btc)
Congrats @TR401@eervin1@jus10castelli
Great thread 👇by @arca - Crypto is changing the narrative where HFs & VCs are in the same sandbox. The benefit of $crypto is that everyone has access to early-stage co's, not just VC's. @jdorman81 ensuring it stays democratized. I hope this sets a precedent for the future!
Following the proposed changes to the $SUSHI raise, below is an update for the Sushi community on Arca’s involvement, and our interpretation of the new proposed deal, as discussed yesterday on the community call with @OmakaseBar, @amytongwu@0xChu & @Crypto_Alex17
Thread 👇
✅Watch now in #Crypto_RFQ 🔥
Ben Grigus, Director of Product, @falconxnetwork joined @TeanaTaylor to discuss the surge in traditional financial institutions chasing yield as well as recent borrow & lending trends.
watch here youtu.be/ea4gLOPnEuA
I don't call bottoms or tops -- that's how you end up on CNBC, not how you invest.
I think about risk/reward -- we're way closer to the bottom than the top, and risk/reward is incredibly favorable.
Good thread here; similar to how we think at Arca x.com/SpartanBlack_1/status/…
I really enjoyed this conversation with @BusinessInsider on #crypto lending and #DeFi ... There are new rails of financial infrastructure being built, and this article is a primer on getting started.
businessinsider.com/how-to-l…