Larry Cermak Profile Banner
Larry Cermak Profile
Larry Cermak

@lawmaster

Followers
204,944
Following
2,676
Media
3,260
Statuses
25,841

CEO of The Block. DMs open

Joined October 2008
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@lawmaster
Larry Cermak
2 years
@paraga @elonmusk "I’m excited to share that we’re appointing @elonmusk to our board!"
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@lawmaster
Larry Cermak
2 years
You may not like it or agree with it but this is what peak performance looks like
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@lawmaster
Larry Cermak
2 years
LMAOOOOOOOOOOOOOOO you quite literally can't make this up
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@lawmaster
Larry Cermak
3 years
Got married to the most beautiful girl yesterday. Anything is possible apparently
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@lawmaster
Larry Cermak
2 years
One hour ago, someone donated 80 BTC (more than $3 million) in one transaction to a charity organization supporting the Ukrainian military.
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@lawmaster
Larry Cermak
3 years
wtf that was fast
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@lawmaster
Larry Cermak
2 years
Rumors about 3AC margin called, Celsius illiquid and done, Terra blew up, a lot of funds lost like 90% of their capital, Coinbase firing 20% of all employees. How much worse can things really get anon? This is oof city
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@lawmaster
Larry Cermak
2 years
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@lawmaster
Larry Cermak
2 years
If Metamask/Infura is open and willing to block countries like Venezuela by IP addresses, it's only a matter of time until they are forced by regulators to censor individual people's IP addresses. We need alternatives immediately, hoping that Alchemy and others don't do this
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@lawmaster
Larry Cermak
3 years
Steph Curry bought this ape 30 minutes ago for 55 ETH (~$180k). His address:
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@lawmaster
Larry Cermak
3 years
A network with $10 billion of value on it has been down for 7 hours now. That's a first!
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@lawmaster
Larry Cermak
3 years
Vitalik is starting to dump dog tokens.
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@lawmaster
Larry Cermak
2 years
GM
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@RaoulGMI
Raoul Pal
2 years
@PeterParadoxGG @novogratz Ive never owned it, recommended it or even understood it...
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@lawmaster
Larry Cermak
2 years
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@lawmaster
Larry Cermak
3 years
Damn so I finally made myself download TikTok and check some of the most liked videos with crypto tags and it's so much fucking worse than I could have even imagined. I feel like I need to disinfect my eyes. So many of them have 100k+ likes
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@lawmaster
Larry Cermak
3 years
1/ It's hard not being optimistic when looking at what's been happening in crypto in the last few months. Narratives are important but data always tells the story much better. I spent a long time to put together this thread to illustrate the growth so please spread it!
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@lawmaster
Larry Cermak
2 years
I track 100+ ETH wallets belonging to crypto funds to see how and what they are doing. Total holdings in March: $14.8B Total holdings now: $2.2B So funds are down roughly 85% on-chain. It's by no means fully comprehensive but a good enough sample to show some trends
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@lawmaster
Larry Cermak
2 years
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@lawmaster
Larry Cermak
3 years
Elon’s tweets moving Bitcoin 5% in both directions in minutes. Not too happy about that
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@lawmaster
Larry Cermak
2 years
There is a rumor spreading about Jump, Alameda, etc. providing another $2B to “bail out” UST. Whether this rumor is true or not, it makes perfect sense for them to spread. The biggest question here is, even if they can get it to $1 by some miracle, the trust is irreversibly gone
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@lawmaster
Larry Cermak
2 years
The details I have heard but might not be final: - Jump, Celsius and Jane St. committed already, Alameda not yet - targeting $1B - $1.5B raise - 50% discount to LUNA spot with 1yr lock + monthly linear vest over 1yr - total of ~$700M in commitments as of morning
@TheBlock__
The Block
2 years
SCOOP: Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sources by @fintechfrank
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@lawmaster
Larry Cermak
2 years
In summary, LFG has gone from having $3.1 billion in their reserves a week ago to now having roughly $87M. Which means they spent roughly $3 billion defending the UST peg and UST still collapsed.
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@LFG_org
LFG | Luna Foundation Guard
2 years
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: · 80,394 $BTC · 39,914 $BNB · 26,281,671 $USDT · 23,555,590 $USDC · 1,973,554 $AVAX · 697,344 $UST · 1,691,261 $LUNA
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@lawmaster
Larry Cermak
1 year
For the sake of transparency, I'm releasing my entire database of all wallets labeled as Alameda. 1. Total on-chain balance decreased by $230M in the last month (47% decrease) 2. Most of the funds were deposited to FTX and Genesis
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@lawmaster
Larry Cermak
3 years
A Bloomberg anchor just pronounced DeFi as "deh-fee." We still early fellas
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@lawmaster
Larry Cermak
2 years
Became the first-time dad today of the most beautiful little girl. The best feeling I've ever experienced ♥️👶 bull market baby born into a bear market
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@lawmaster
Larry Cermak
3 years
Coinbase S1 notes: • $3.4 billion in total revenue until 2020 • largely from transaction fees (96% of net revenue) • net income of $322.3 million in 2020, net loss of $30.4 million in 2019 • 43M verified users • 2.8 monthly transacting users
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@lawmaster
Larry Cermak
3 years
Good morning boys 🤝
@IOHK_Charles
Charles Hoskinson
4 years
This time next year I predict there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate
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@lawmaster
Larry Cermak
3 years
Elon just said he owns ETH and SpaceX has BTC on its balance sheet.
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@lawmaster
Larry Cermak
3 years
Everyone who I hung out with in Miami got covid. Luckily for me I hung out about one feet above everyone
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@lawmaster
Larry Cermak
1 year
Last few months really can’t get much worse. Got fucked by FTX (after naively trusting them like a complete idiot) and now also got fucked by the CEO. Just like everyone else at The Block, I just found out about this.
@tier10k
db
1 year
[DB] The Block: CEO Michael McCaffrey Resigned After Failing to Disclose a Series of Loans From SBF’s Alameda Research. He Was the Only Person With Knowledge of the Funding at the Company.
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@lawmaster
Larry Cermak
3 years
More than $2.6 billion worth of positions liquidated in the last hour. Most on Bybit as usual. $1.1B in BTC, $700M in ETH. If you ask me, a perfectly healthy leverage flush. Funding rates on alts were spiking too much
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@lawmaster
Larry Cermak
2 years
Some bottom signals are starting to hit: 1. funds getting blown up 2. forced selling of alts and 95% crashes 3. USDT irrational panic Feels like capitulation all morning. Macro can keep rugging so who knows though
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@lawmaster
Larry Cermak
2 years
Not even five weeks old yet and already has to survive daddy’s crypto inside jokes
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@lawmaster
Larry Cermak
2 years
1/ This crazy year is almost over and so it’s time to do a little retrospective. This 150-page report is full of charts, timelines, infographics, maps, etc. It’s the work of 30 research analysts we now have at The Block. Let’s dive in: Download here:
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@lawmaster
Larry Cermak
3 years
The last block on Solana was produced almost 40 minutes ago. Not fantastic
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@lawmaster
Larry Cermak
1 year
@Forbes HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
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@lawmaster
Larry Cermak
3 years
Coinbase just dropped the Q1 earnings and outlook. As expected higher revenue than in the entire 2020. Q1 summary: • ~$1.8 billion revenue • Adjusted EBITDA of ~$1.1B • Net income of $730-800M • 56M verified users (+13M) • 6.1M monthly transacting users (+3.3M)
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@lawmaster
Larry Cermak
2 years
This has been probably the craziest few days in crypto for me right after the covid crash. Absolute insanity happening. In the next few weeks, we will start finding out about the actual consequences of these few days.
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@lawmaster
Larry Cermak
3 years
All-time high of Bitcoin on different exchanges: • Gemini - $19,999 • Coinbase - $19,892 • Bitfinex - $19,891 • Huobi - $19,867 • Binance - $19,799 • BitMEX - $19,777 • Bitstamp - $19,666 • Kraken - $19,660 Which one are we going by?
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@lawmaster
Larry Cermak
3 years
We've just seen more than $1 billion worth of liquidations in the last 30 minutes. People never learn and keep over-leveraging like crazy.
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@lawmaster
Larry Cermak
1 year
Some personal news after a much-needed Twitter hiatus. Today, I'm stepping into the CEO role at The Block. I’m also excited that @EvgenyGaevoy is joining the board, and together with the team, we'll work to strengthen our position following a challenging year.
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@lawmaster
Larry Cermak
3 years
The first Bitcoin ETF just painted a beautiful and very common fuck you pattern also known as Burj Khalifa. Welcome home
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@lawmaster
Larry Cermak
1 year
Because I'm incredibly autistic, I exported all the Alameda investments (more than 470!) from the FT piece. The total amount invested is roughly $5.3 billion. The largest investments are: 1) Genesis Digital Assets 2) Anthropic 3) Digital Assets DA AG 4) K5 5) IEX
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@lawmaster
Larry Cermak
3 years
I love Ethereum and it’s still the largest portion of my portfolio along with Bitcoin. But if you swap Solana for Ethereum in ETH people tweets, it sounds exactly like how bitcoiners sound and exactly what those people used to make fun of.
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@lawmaster
Larry Cermak
2 years
The absolute state of the market right now. Most top 100 coins are down more than 75% from ATH
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@lawmaster
Larry Cermak
2 years
In the interest of transparency, I am releasing my database of all wallets that I believe belong to Celsius. Currently, there is still roughly $1.5billion sitting on them. Also please keep in mind that on-chain labeling is not an exact science. I could have made some mistakes
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@lawmaster
Larry Cermak
2 years
We are slowly but surely approaching the territory where exchanges might have to deploy the famous "We're performing an unscheduled maintenance" card all at the same time 🫡
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@lawmaster
Larry Cermak
3 years
This is massive news. The amounts seized by the Chinese police: - 194,775 BTC (1% of circulating supply) - 833,083 ETH (0.73% of circulating supply) - 1.4 million LTC - 27.6 million EOS - 74,167 DASH - 487 million XRP - 6 billion DOGE - 79,581 BCH - 213,724 USDT
@TheBlock__
The Block
3 years
NEW: Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown, according to a new court ruling (via @wolfiezhao )
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@lawmaster
Larry Cermak
3 years
Got into Miami last night, super tired after 20 hours in the air, go to dinner, and then to sleep. Woken up by an active shooter right outside of our hotel. Police cars and helicopters still here so can't even leave the hotel room. GM
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@lawmaster
Larry Cermak
3 years
Rumors of FTX being hacked, which is spreading like wildfire, are fake. Don't pay attention to it
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@lawmaster
Larry Cermak
3 years
Uniswap absolutely unusable at the moment. Stop being poor sure but paying nearly $100 for a $4k swap just makes no economic sense. Noobs come and see this and just get annoyed honestly.
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@lawmaster
Larry Cermak
3 years
It feels like we are running out of of possible negative news to hit this market. What else can even happen at this point?
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@lawmaster
Larry Cermak
1 year
Gemini Earn also pausing withdrawals
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@lawmaster
Larry Cermak
3 years
Mood
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@lawmaster
Larry Cermak
3 years
It's absolutely wild to me that a $130M+ exploit can exist and not be exploited for like a year. That's scary as shit, how can DeFi devs even sleep?
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@lawmaster
Larry Cermak
4 years
These are the CEOs at the two largest exchanges in the space. One is responding to a fake JKR tweet with a not so convincing pitch to sell shitcoins. The other one posted the biggest cringe I’ve seen in years but at least managed to respond to the right account. Speechless
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@lawmaster
Larry Cermak
3 years
Looks like every mainstream news outlet is working on a story about COVID and Miami. There have been so many better things to focus on, this is a joke
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@lawmaster
Larry Cermak
3 years
I follow Solana closely but this is absolute cringe. Really disappointed about this direction and the message of this promotion.
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@lawmaster
Larry Cermak
3 years
Doesn't get much more brutal than this to be honest. Most have dropped this much in less than two weeks
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@lawmaster
Larry Cermak
3 years
Holy shit
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@lawmaster
Larry Cermak
2 years
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@lawmaster
Larry Cermak
4 years
Can’t have it both ways. CZ is constantly flexing how Binance’s listing team does the most due diligence and how its listed projects perform the best. When it doesn’t work - “we are only providing access to liquidity so other exchanges don’t make us obsolete” LMAO
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@lawmaster
Larry Cermak
3 years
Throwback to this gem, which happened right around breaking the $20k ATH. Amy was absolutely clairvoyant as always
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@lawmaster
Larry Cermak
4 years
This is too good not to share. Money printer go BRRR colorized. Source:
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@lawmaster
Larry Cermak
2 years
But if anyone told me this last year, I'd call them absolutely insane. Like the combination of things that happened in the last two months is absolutely batshit crazy and there is no stopping
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@lawmaster
Larry Cermak
3 years
Coinbase dropped some great customer segment data today in the S1. If this chart doesn't make you bullish then you are a lost cause and HFSP. Volume top in Q1 2018 - 80% retail Volume top in Q4 2020 - 36% retail
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@lawmaster
Larry Cermak
3 years
Zoomers are gonna learn a hard lesson today. Down more than 50% so far and nosediving
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@lawmaster
Larry Cermak
1 year
@AutismCapital wait what LOL
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@lawmaster
Larry Cermak
2 years
Just remember, things can always get worse
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@lawmaster
Larry Cermak
3 years
Alright, let's do some ATH porn. On April 14, BTC reached: Coinbase: $64,899 Bitstamp: $64,895 FTX: $64,887 Binance: $64,854 OKEx: $64,847 Huobi: $64,843 Bitfinex: $64,829
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@lawmaster
Larry Cermak
6 years
XRP skyrocketing by 80%+ in one day is the reason why this market desperately needs regulation. Fundamentally nothing about XRP changed in the past 24 hours and yet, here we are. Pumping a multi billion market cap asset in the matter of hours is the definition of manipulation
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@lawmaster
Larry Cermak
3 years
Bear posting seems to be back and the market looks to be flimsy. I don't really know what will happen short term but I just want to say that looking at previous bear markets and thinking it will be a multi-year one again will almost surely be wrong. Very different dynamic now
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@lawmaster
Larry Cermak
3 years
This dumbass token SHIB and all exchanges listing it really set a bad precedent. Now these new SHIB copycats are quite literally rekting Ethereum's gas fees. Look at the most recent blocks and transactions with the highest gas. It's all these meme tokens
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@lawmaster
Larry Cermak
3 years
We all know BSC is not going to threaten Ethereum long term but it absolutely amuses me when Ethereum people start sounding just like Bitcoiners bitching about Ethereum. Just chill, take a breather and let the incentives play out 🤝
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@lawmaster
Larry Cermak
2 years
LUNA is below $0.05 and literally just providing exit liquidity to UST holders - and there is infinite amount of bad debt. And even then it’s “only” at 50 cents. Liquidity will start drying up soon at these rates and Terra effectively has to reverse the decision anyway
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@lawmaster
Larry Cermak
2 years
Internet has been down in Kazahstan for a few hours where roughly 18% if Bitcoin's hashrate is. Looks like the impact on the hashrate is so far 12% drop just in the last few hours since internet went down.
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@lawmaster
Larry Cermak
5 years
BREAKING: Binance is now going to be competing directly against Coinbase by allowing users to buy BTC, ETH, LTC and XRP with credit/debit cards.
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@lawmaster
Larry Cermak
2 years
CT flip-flopping sentiment based on what stocks are doing is hilarious. Multi-year bear market three days ago and today up only again.
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@lawmaster
Larry Cermak
1 year
I am proud of the 30+ person research team I built and will keep going with the new The Block leadership. It all really fucking sucks and I’m completely exhausted. Will be doing what truly matters and that’s less Twitter and more time with my 4 month old daughter and my wife.
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@lawmaster
Larry Cermak
3 years
You'd think that the market wouldn't get spooked by the same news again and again. But somehow it does
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@lawmaster
Larry Cermak
2 years
Holy shit this is huge
@dealbook
DealBook
2 years
Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I think it’s reasonable to own it as part of a diversified portfolio,” he said at the #DealBook Online Summit.
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@lawmaster
Larry Cermak
3 years
Wtf is this garbage again. Shut the fuck up
@Fxhedgers
FXHedge
3 years
CHINESE CRYPTO WHALE SELLING MORE THAN TWO HUNDRED THOUSAND BITCOINS -SOURCE
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@lawmaster
Larry Cermak
2 years
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@lawmaster
Larry Cermak
2 years
Really difficult to be in the “failed experiment but at least they tried” camp when there is still no info about hundreds of millions of BTC in the reserve. Twitter accounts look like they have been taken over by lawyers. CT really should put more pressure into getting info ASAP
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@lawmaster
Larry Cermak
3 years
Coinbase recorded record daily volume yesterday of $9.56 billion. Just to illustrate how crazy that amount is, that's more than the total volume for Q1 2019. Also larger than the total volume for January last year.
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@lawmaster
Larry Cermak
2 years
Luna Foundation Guard's wallet just sent $231M to Binance. First such transaction in a week and larger in size than the previous ones
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@lawmaster
Larry Cermak
3 years
Thanks Vitalik
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@lawmaster
Larry Cermak
2 years
Just a reminder to use secure VPNs by default when interacting with crypto. Ideally also using a local node with MetaMask or other wallets but not many people will do that obviously. Most importantly let's put pressure on wallets to not do this shit. They should be neutral
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@lawmaster
Larry Cermak
4 years
I did it. Defied all odds and proved that even slightly stupid llamas have a chance to get engaged to the love of their life. 💍🥂🥳
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@lawmaster
Larry Cermak
2 years
We've seen $1.3 billion in long positions liquidated on this dump from $51k to to $42k. Keep in mind this number is likely undercounted because of Binance and Bybit limiting liquidations data. First massive liquidation in a while
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@lawmaster
Larry Cermak
2 years
I've refrained myself from making fun of these overconfident people who probably lost it all the last few days. But when you're a complete piece of shit who gets humble smacked by the market so badly his wife might leave him I can make a few exceptions
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@lawmaster
Larry Cermak
3 years
So who the fuck is accumulating massive size on Coinbase?
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@lawmaster
Larry Cermak
3 years
Elon says he is a fan of decentralized finance 🤝
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@lawmaster
Larry Cermak
2 years
Name this shitcoin
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@lawmaster
Larry Cermak
3 years
Ah shit, here we go again
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@lawmaster
Larry Cermak
2 years
This is the most insane SC hack I have seen yet: • Took 6 days to notice that more than half a billion was missing • The hacker deposited some funds to FTX and Crypto com (either doxx'd or bought KYC'd account) • solution - instead of 5/9 multisig, we do 8/9
@TheBlock__
The Block
2 years
BREAKING: Axie Infinity's Ethereum sidechain Ronin hit by $600 million exploit (by @mpmcsweeney )
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@lawmaster
Larry Cermak
3 years
One of the most powerful things about crypto is that once you are involved, you are hooked and almost no one ever leaves. Putting together an event like yesterday and having hundreds of people fly in from around the world is just not possible elsewhere. It's just incredibly fun
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@lawmaster
Larry Cermak
2 years
@bestvideosofct textbook definition of a bitch that only sues those that can't defend themselves
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@lawmaster
Larry Cermak
3 years
Can we quickly talk about how the fuck did astrology do a better job being ready for today than 99% of traders? We are living in a simulation
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@lawmaster
Larry Cermak
5 years
Spencer Dinwiddie ( @SDinwiddie_25 ), Brooklyn Nets NBA player, is tokenizing 40% of his $34M 3-year contract and is also releasing a platform for other athletes to do the same. I think this is actually a bigger deal than people realize. Or maybe I'm just excited about NBA & crypto
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