Overhearing a person at a table near me at a cafe talk about how she bought $400 worth of doge at a penny
"These are the headlines for doge right now ... This app does a background check it's super legit ... I'll help you."
I hear convos like this at least once a week.
I'm also an incredible eaves dropper. This convo is happening like at least 12 feet away from me.
I know how to zero in when people mention anything crypto related.
Moved closer for Alpha purposes.
"Bitcoin is at 56,000 a share, so if it goes to that ..."
Unclear what crypto she is referring to here, possibly doge or Eth. Either way, frightening.
"Everything is showing that this [crypto] is going to be the way to pay for stuff. It's the coolest thing ever. Right now ... this is the circulating supply ... it is insane."
"There's no reason for anything bad to happen ... Ethereum is way more legit [than doge]."
Few.
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In honor of Ether hitting an all-time-high above $3,000, I am sharing some bullish stats and charts about the second-largest cryptocurrency from The Block's data dashboard.
First off: Transactions on the Ethereum Network hit an all-time-high last month of 41.7 million.
Looking to the derivatives world, open interest across ether options markets has soared this year.
At last check OI stood at $4.1 billion — up from under $800 million at the beginning of 2020.
Looking at futures, CME's ether futures market - which kicked off in February - grew from $68m in open interest on March 1 to $373 million in OI on May 1
Aggregate open interest across Ethereum futures recently hit an all-time high of $8.6bn
Spoke with the Bitclout team today. I thought this information was embargoed for tomorrow but it's out there now: Basically every major VC is in this project. Coinbase, Sequoia, a16z, Social Capital, DCG, Pantera, Huobi, Winklevoss Capital, Alex Ohanian, North Island Ventures...
I've confirmed with Coinbase and it's safe to say all of these investments are legit. I haven't been following this closely bc I've been heads down on other projects but there's serious capital behind this (and an equal amount of serious hate/litigation). Will be exiting to watch
Big Q I asked- w/o knowing a lot about this project- was, wouldn't anyone who joins just want to sell their personal tokens. The answer was "You could join and sell but there are a lot of incentives to not do that. You get more reach w/ more clout. If you sell, you give up reach"
Thanks to a rule change last year, retail brokers are required to share more granular data around their order routing activity. Looking at Robinhood's recently filed 606 report for Q1, it appears RH received nearly $100m in payments for stock and options order flow.
Breakdown of order routing of market orders for S&P 500 names in January by execution venue: