Something that got missed in the noise last week: Coinbase got approved to offer true global crypto perps in the US. This took many years of work, and we're the first to offer this global liquidity to US users. Backstory: For many years crypto trading has been moving offshore because the US didn't have clear rules, and perpetual futures were a superior product that traders wanted but it wasn't allowed in the US. If we're being honest, probably ~half of all perpetual futures volume was Americans using offshore products via VPN with loose KYC controls (an open secret in the industry). Penalties for this were rarely, if ever, enforced, which as you can imagine, was frustrating for us as an American company following the rules. Others set up offshore entities and found ways around it. After dozens of personal visits to DC, and many more from our policy team, I'm really proud we finally got approval to give US users access to true, global perpetual futures. This is important because we'll now see pooled global liquidity in perpetual futures, with the US and international markets being connected instead of fragmented. Coinbase is strongest in the US, and the US is the largest market for trading, so there is now a chance to build a global network effect around liquidity. And US traders can now use these products in a compliant way with a US company, which hopefully provides greater customer protection. Major credit to Chair Selig and Atkins on recognizing the importance of this for US capital markets. And we will keep working to update the system in a compliant way, and to be the best place you can trade.

Whales Quietly Bought the $60k BTC Dip “At the $60k–$61k bottom, the Exchange Whale Ratio surged to 61.6%, proving that whales completely dominated buy-side activity and absorbed the panic.” – By @Woo_Minkyu

Sources: The NCAA has initiated the final steps to expand the men’s and women’s NCAA basketball tournaments to 76 teams. The expansion is on track to be formalized in the upcoming weeks, with mid-May as the target. The 76-team tournaments begin next year. espn.com/mens-college-basket…

We buy real bitcoin. We audit our custodians. We don’t rehypothecate. You shouldn’t either.

UNCONFIRMED: JP Morgan appears to have an existentially threatening short $MSTR position that can potentially bankrupt $JPM if $MSTR trades 50% higher above Friday’s close. GAMESTOP VIBES INTENSIFY‼️ @FoxBusiness @cvpayne

To state it plainly for the overemotional people in the comments. My news team posts headline in all caps. We do not get paid to post news headlines. I was not paid, I own 0 ZEC and have been highly critical of the manipulated price action. I think the notion of swapping BTC for ZEC is ridiculous. But it’s still a story worth reporting.

🚨 Bitcoin Worst Nightmare Is THIS! 🚨 “Ultimately, VanEck was here before Bitcoin, we will walk away from Bitcoin if we feel the thesis is fundamentally broken.”

Almost feels like a cabal is trying to keep Bitcoin above $90,000. I like Bitcoin but i do not like any of the derivatives created to play it or game it or mine it.

One Adam-12, what we got here is a failure to communicate. Let me try this: Purchasing bitcoin with the proceeds from selling discounted STRC in the IPO and asserting that this constitutes adding more bitcoin to the Common Shareholder is like taking out a car loan in your girlfriend’s name, handing her keys, and claiming to have bought her a new car as a gift.