A look at SEC's hilariously grudging approval of bitcoin ETFs and the likelihood that they will be “physical” ETFs or interest-paying ETFs in the future
Matt Levine / Bloomberg :
By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt
Matt Levine / Bloomberg : Mastodon: @carnage4life@mas.to . Tweets: @business , @rr_edmonds , and @matt_levine Mastodon: Dare Obasanjo / @carnage4life@mas.to : A fun but cynical take from Matt Levine....
The FDIC says SVB clients with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15
Exit Fuel 🛢️ exists because of the support of people like you. Dalmas Ngetich / NewsBTC : Long Queues Seen At Silicon Valley Bank-Owned Boston Private - A Bank Run? Tweets: Dan Primack / @danprimack :...
An analysis of FTX's nightmare balance sheet and Serum, an FTX-created coin and protocol, marked as the largest “deliverable” asset at ~$5.4B before November 8
Matt Levine / Bloomberg :
Lessons from Square's IPO: all investors made at least a 20% return, the ratchet worked perfectly, and valuing companies is hard
Matt Levine / Bloomberg View :