Director of Research at @TheBlock__. Not a journalist or a lawyer. Previously @DiarNewsletter
New York, NY
Joined October 2008
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Larry Cermak retweeted
What’s your favorite chart on The Block’s Data Dashboard?
Post a screenshot of it below for a chance at winning $200 in BTC or ETH
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Larry Cermak retweeted
On Unconfirmed, @lawmaster breaks down Coinbase's Q1 results.
Topics:
-Coinbase’s revenue, custody, and user growth in Q1
-what he still wants to know about Coinbase going into the direct listing
-expectations for crypto in 2021 + how it will affect COIN
buff.ly/3mxFDtM
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Feel like Robinhood stands to benefit the most from Coinbase listing next week at current valuations
Surprisingly they already have more monthly actives than Coinbase and they only list 7 assets. Even more of a reason for fintechs and brokers to get a crypto offering out there
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Web traffic on cryptocurrency exchanges saw a decrease of 8.5% in March. Together, spot and derivative exchanges recorded a total of 395.2 million website visits in March.
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This is a really cool role for the right person looking to break into crypto from tradfi
Coinbase tip of the iceberg for crypto public markets activity set this year. We’re looking for someone to help build out our coverage of this growing universe of public/private crypto co’s
The Block is hiring analysts again to join our 12-person research team!
This time, we are looking for candidates who would do public and private company deep dives, commissioned research and client-facing work.
You can apply here:
jobs.lever.co/theblockcrypto…
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The Block is hiring analysts again to join our 12-person research team!
This time, we are looking for candidates who would do public and private company deep dives, commissioned research and client-facing work.
You can apply here:
jobs.lever.co/theblockcrypto…
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Why The Block? Every person that has joined us has raised their public profiles and everyone on the research team is constantly getting poach offers. Despite that, our retention rate is super high mainly because everyone loves their job, the culture that we have built and freedom
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Larry Cermak retweeted
Seems like a lot of effort just to beat @lawmaster at a basketball game
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Larry Cermak retweeted
I finally finished these charts🎉
Here's a big one that many have been asking for. Track total value locked in Ethereum Layer 2 solutions.
As always. Free on The Block's data dashboard.
theblockcrypto.com/data/scal…
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Larry Cermak retweeted
Here's a big one that many have been asking for. Track total value locked in Ethereum Layer 2 solutions.
As always. Free on The Block's data dashboard.
theblockcrypto.com/data/scal…
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Kimchi premium has started to nosedive. From above 23% to about 14% in just about five hours. Worth watching this closely
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Holy fuck this is seriously collapsing in real time. Did someone figure out a way to arb the fuck out of this? @SBF_Alameda
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AND we are below 10%... This has dropped from 17% premium to now around 9% in the last 10 minutes. Someone is making 10s of millions as we speak
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One last thing I will add since I'm seeing a lot of that - projecting revenue forward by assuming constant volume growth makes no sense to me. Coinbase volume is incredibly cyclical and if markets slow down a bit, it's totally possible we even see a decline. Just watch volume
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FTX Q1 numbers:
• ~$100M-$250M revenue
• ~$70M-$180M net income
• $670B volume
Way better margin, way lower fees but also more regulatory risk
5) FWIW, FTX likely had:
a) ~5-15% of the revenue
b) ~10-25% of the earnings
c) ~2x the volume
d) way fewer users
e) higher in-quarter growth
f) a bit higher year-on-year growth
(NOT FINANCIAL ADVICE, NOT AUDITED YET, JUST ESTIMATES)
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