Share this page!

Joe Weisenthal Profile picture
Twitter logo
11 Aug, 4 tweets, 2 min read
THE INCREDIBLE POWER OF THE STABLECOIN ISSUERS

It took me awhile to appreciate the significance of stablecoins.

I wrote a post for the Odd Lots blog about why and how they're emerging as the true power players within crypto. bloomberg.com/news/articles/…
Back in 2016, when the DAO got hacked, Vitalik had some influence in addressing it.

These days when there's a big hack, the only entities that can possibly do anything about it is the stablecoin companies.
Their power and size is why, as my colleague @joelight has been reporting on, there's more and more scrutiny of them in DC bloomberg.com/news/articles/…
@joelight This is good.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Joe Weisenthal

Joe Weisenthal Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TheStalwart

Joe Weisenthal Profile picture
11 Aug
On a sequential basis, core CPI came in lighter than expected.

Economists were looking for a 0.4% increases. Instead it was a 0.3% increase.

On a YOY basis, it was in line at 4.3%.
Stocks like it bloomberg.com/news/articles/…
*S&P 500, NASDAQ 100 FUTURES RISE TO SESSION HIGH AFTER CPI DATA
Read 5 tweets
Joe Weisenthal Profile picture
9 Aug
Big new Odd Lots...

Such a treat to get to sit down with Dallas Fed President @RobSKaplan talking about all things macro and monetary policy.

So much interesting stuff happening right now that got discussed. bloomberg.com/news/articles/…
@RobSKaplan Among the topics discussed:

-- The economy right now
-- Whether inflation is broadening
-- How the Fed's new framework (unveiled at Jackson Hole is being put into practice)
-- What full employment looks like
-- Taper timing
-- Delta concerns

+ much more
And here's @catarinasaraiva's writeup of our discussion with Kaplan bloomberg.com/news/articles/…
Read 4 tweets
Joe Weisenthal Profile picture
6 Aug
BREAKING:

STRONG:

943K new jobs.

Unemployment rate falls to 5.4% (vs. 5.7% expected)

Year over year wage growth comes in at 4%.

bloomberg.com/news/articles/…
Stocks rising pre-market. 10-year also moving higher.

bloomberg.com/news/articles/… Image
NASDAQ-100 futures sliding Image
Read 9 tweets
Joe Weisenthal Profile picture
5 Aug
HUGE new Odd Lots...

@tracyalloway and I had @SBF_FTX and @matt_levine on at the same time to talk about all things crypto market structure.

Was a real treat to just sit back for much of it and listen to both of them get technical bloomberg.com/news/articles/…
Wow, big thanks to @0x4C756B65 for posting notes!
And of course, the episode is available at

Apple: podcasts.apple.com/us/podcast/sam…

Spotify: open.spotify.com/episode/2Oy0ZR…

And anywhere else
Read 5 tweets
Joe Weisenthal Profile picture
26 Jul
Ok. I have a question for folks like @felixsalmon, @matt_levine, @IvanTheK and others on here who tweet or write sometimes about Payment For Order Flow and other aspects of retail equity market structure...
@felixsalmon @matt_levine @IvanTheK So obviously retail traders are, for the most part, getting totally free trades (through platforms like Robinhood et. al.). But in theory, they could be losing out if stuff like Payment For Order Flow is causing them to get subpar executions.
But how big of an issue could this really be? $VIRT is one of the biggest players in the space, and it's market cap is $4.8 billion. Maybe Citadel Securities would be worth like twice that much if it were public? We're obviously not talking about huge cash cow sums here.
Read 4 tweets
Joe Weisenthal Profile picture
26 Jul
THE BOOK THAT EXPLAINS BITCOIN'S RELIGIOUS SCHISM

I wrote a review of The Blocksize War by @jonathanbier. A fantastic read on the period from 2015-2017, when the Bitcoin world split into two bitterly opposed camps over how best to scale the network bloomberg.com/news/articles/…
@jonathanbier Even if you're not really into Bitcoin or anything, you might still find the book to be fascinating, as there's tons in there about how group dynamics form and then harden over time in the presence of conflict. Just the sociology of it is worth studying. amazon.com/dp/B08Z18GWD6/…
I started paying close attention to Bitcoin in around 2016. So there was a lot that I already knew. But also a ton of stuff that was new and surprising to me, including the fact that early on many of the most ardent "small blockers" did actually favor some increase at some point.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @TheStalwart has new unrolls!

Check out other threads from @TheStalwart!

Read all threads by @TheStalwart

:(