Director of Research at @TheBlock__. Not a journalist or a lawyer. Previously @DiarNewsletter

New York, NY
Joined October 2008
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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wtf that was fast
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Larry Cermak retweeted
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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Larry Cermak retweeted
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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Larry Cermak retweeted
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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In our analyst program that we opened last year, we have had 1,000+ applications, hired three of them and referred 10+ candidates to several other companies. Most of them have gotten offers. These include Delphi Digital, Nansen, Laura Shin and a few others.
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Larry Cermak retweeted
Seems like a lot of effort just to beat @lawmaster at a basketball game
It's official. 🔥🔥🔥🔥🔥 nba.com/heat/news/heat-partn…
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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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Larry Cermak retweeted
You can now sell each Fei for negative $0.25.
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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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Looks like it might have been related to this as we are seeing some retrace already
Replying to @lawmaster
Another thing to consider is the (now completed) emergency halting of deposits and withdrawals on Upbit 20 min ago.
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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
Replying to @SBF_Alameda
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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