The Wolf Of All Streets

Why did Bitcoin miss Monday's rally? Sharplink CEO Joseph Chalom points to rate hike fears, ETF flows and more supply coming from miners "If you strip out food and energy, it still printed at 0.3, with an expectation of 0.2%. And when you factor in what Fed Governor Waller said a week or two ago, there is a tilt to tightening even if inflation had come in soft." "The expectation is a 25 to 50 basis point rate hike on December 9. And that is not good for Bitcoin or Ethereum." "At the beginning of the year, before the Iran war, we thought we'd see three loosening moments, or 75 basis points down. We may be in a world where we see 75 basis points tighter this year, and we all know how sensitive Bitcoin and Ethereum are to liquidity." "I don't think this is positive, along with what we're seeing on ETF flows and more supply coming from miners. That's why I think we didn't participate in yesterday's rally."

Tokenization isn't just about 24/7 trading. It could make every asset you own more useful. SharpLink CEO Joseph Chalom says retail could borrow against their assets the way BlackRock does, while cutting the risks baked into today's slow settlement "When I was at BlackRock, we launched IBIT. I think the longer opportunity is exactly what Tillman mentioned." "I worked at BlackRock for 20 years. They are tokenization maxis. They believe strongly that the current system is inherent with risks that you don't need to have." "Tokenization is not just going to unlock 24/7 trading. It's going to make every asset you own have more utility." "If you're a BlackRock, a Vanguard, and you own an asset, you're borrowing and lending against it systematically." "If you're a human being who just owns SpaceX or Tesla, and you're not a crypto connoisseur, you don't know how to borrow and lend against your assets. In a world of tokenization, it's going to unlock collateral. You're going to lower risk." "I think it's going to benefit Bitcoin, but I actually think it's also going to benefit Ethereum, because it is that token on which most of the stablecoins and tokenized assets and DeFi activity are going to take place."

Are Bitcoin treasury companies moving beyond simply holding BTC? Stacks co-founder Muneeb Ali says major BTC holders like Bullish are now earning yield through Stacks' 1,000 BTC "Bitcoin bond" "We're calling them Bitcoin bonds. Every month, new capacity comes online, because we can't take that much Bitcoin. The limiting factor actually becomes that these parties have to have some STX position. STX works as an access asset." "Imagine if everyone wants to go to the US Open. Well, you can't, because there are tickets and there's limited seats. Maybe the ticket prices will start going up if there's a lot of demand. So that's the role that STX is playing in this product." "We release capacity every month. We've done two of them before, and right now the third bond is our largest bond. We're super excited to announce that Bullish came in, along with some other institutions, to participate in a 1,000 BTC bond." "It's a public company. They're a large Bitcoin holder, and we're really excited that a large entity like Bullish is actually deploying capital into Stacks." "They would be earning Bitcoin yield directly for their balance sheet."