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Larry Cermak Profile picture
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15 Dec, 5 tweets, 2 min read
CoinDesk says that this is $675M of BTC purchase but the % they invested could very well be referencing only Ruffer's relatively small fund and not the entire AUM. And the final amount could be much much lower. Would be careful about taking this as fact
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This is a wrap folks, thanks for tuning in

Ok maybe not a wrap. Correction of a correction coming? Image

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More from @lawmaster

Larry Cermak Profile picture
9 Dec
This was supposed to happen in 5 minutes and I was told 5 minutes ago, while already waiting in the prep room, that it has been cancelled. Not sure if it will be rescheduled or not but wew lad. Waiting to hear what happened
Ok so got the update. Binance requested the fireside chat to be moved to tomorrow and requested a different moderator. This happened 10 minutes before the live event and after I've exchanged 10s of emails on talking points and them giving feedback. I expected a lot but not this
I want to reiterate that this wasn't the organizers' fault in any way. They behaved professionally throughout this entire thing. But as Binance, if you have to cancel a fireside chat 10 minutes before it happens, there are probably some massive communication issues internally
Read 5 tweets
Larry Cermak Profile picture
2 Dec
1/ I haven't done a thread like this in a while but seems like with the influx of new people, now is a great time to do a comprehensive data summary to look at recent growth in Bitcoin and Ethereum. Almost everything we track is reaching all-time highs. Let's dive in!
2/ Total on-chain volume, a proxy for economic throughput, saw a strong increase of 51.5%, to a new yearly high of $204 billion in November. Bitcoin’s on-chain volume was 2 times higher than Ethereum’s in November.
3/ Stablecoins have exploded in 2020. Since January, the total issued supply has grown by nearly 329%.

Main reasons:

• Miners repaying Tether debt against Bitcoin

• Popularity of Tether-collateralized derivatives exploded

• DeFi and the yield farming food token craze
Read 20 tweets
Larry Cermak Profile picture
30 Nov
It's starting. Bitstamp and Kraken just hit all-time highs
Binance just hit all time high too. On to Bitfinex
Bitfinex just hits its all-time high!
Read 4 tweets
Larry Cermak Profile picture
15 Oct
1/ The day has finally come. We just launched The Block’s data dashboard. It’s free for everyone, go try it!

theblockcrypto.com/data/
2/ What makes this dashboard different? We are working with 10+ of the best data providers to implement all the most important charts in one place. No longer scattered across multiple different dashboards. This means we can onboard new data providers & add new charts within days
3/ For now, we are already working with the leading data providers: Coin Metrics, CryptoCompare, Dune Analytics, skew, Chainalysis, Flipside, The Tie, and TradingView. A couple others are being implemented. If you have interesting data that should be included as well, reach out
Read 19 tweets
Larry Cermak Profile picture
27 Sep
Looks like the KuCoin hacker started using Uniswap to swap from shitcoins to ETH. Started with OCEAN. AFAIK this is the first time Uniswap is used following a hack

Steps:

1. From 0xeb....c23 to 0x1c...814 to 0x9e...E6b
2. 0x9e...E6b now slowly dumping OCEAN to ETH in 9 tx's
All Uniswap transactions so far can be found here: etherscan.io/address/0x9e9d…

This will likely start crashing the price of most of the shitcoins the hacker holds. Be careful
The hacker is doing the same from this address as well. Dumping in 10k OCEAN batches etherscan.io/address/0xeab5…
Read 23 tweets
Larry Cermak Profile picture
23 Sep
My current take on the market is that the short term outlooks is quite shit. Macro is in a bunch of uncertainty and will remain so IMO until after the election. BTC/ETH still correlated to macro. DeFi projects and meme coins have run out of market buyers and cooldown is necessary
NFT seems like a forced narrative at best. The market is not ready to explode yet, first needs interoperable L2, better creators, and then mass appeal. Think about how hard it is to convince people that Bitcoin is provably scarce. Now good luck convincing them NFTs are scarce.
The actual catalysts that are coming are Phase 0 activation and Uniswap v3, Synthetix, and other projects rolling out support for interoperable L2s. Ethereum has been borderline unusable when you need to use it the most. People won't come until that's solved or at least relieved
Read 5 tweets

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