Steven Ehrlich
@Steven_Ehrlich
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Executive Editor @unchained_pod; Fmr Research Director @ForbesCrypto, @krakenfx @Citi, @BoozAllen, US Dept of Defense | @columbiaSIPA @teppercmu #flyeaglesfly
Pennsylvania, USA
Joined February 2011
Tune in today - Unchained is live! At 1pm ET, @hotpot_dao and @amiralmaimani join me to discuss MegaETH! Then at 2pm, @Steven_Ehrlich takes on bitcoin mining and AI with Kevin Dede (managing director of equity research @HCWCO), Terrance Maxwell (CFO @rwbaird), and @JohnTodaro1
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Are Investors in Rippleās $500 Million Raise Just Buying Discounted XRP? The company raised funds at a $40 billion valuation. But it already owns $80 billion worth of XRP. ā[The company] is not worth anything outside of XRP holdings. No one uses their tech. No usage on the
unchainedcrypto.com
Questions remain about Rippleās business and the unprofitability of its XRP Ledger. Some investors feel its $40 billion valuation stems from its massive XRP holdings.
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I guess we are all about to become shareholders in OpenAI? Iām still not interested unless itās tokenized
I smell a rat. Why does #SamAltman #openapi need the taxpayer to guarantee their debt if they are going to make hundreds and hundreds of billions of dollars? Has he just done a cash analysis and realised he's cash flow short?
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@laurashin @Steven_Ehrlich The real value is in the hundreds of indignant #xrparmy posters who are about to flood this thread š
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This was a fantastic conversation with @Steven_Ehrlich on all things tradfi perpetuals. Thank you so much @laurashin and Steven for the opportunity and in-depth discussion!
Perps built cryptoās trading culture. Now theyāre coming for Wall Street. ā”ļø On @bitsandbips, ex-FTXUS President @BrettHarrison88 joins @Steven_Ehrlich to discuss: š Why perps outclass traditional futures š¦ How Architect built SEC + CFTC-regulated infrastructure š„ What
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@laurashin @Steven_Ehrlich investors are basically saying Rippleās flex is all in the bag, not the tech
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Investors just plowed $500 million into Ripple. But outside VCs say the $40 valuation must be due to the companyās $80 billion of XRP holdings since āRipple equity isn't likely worth very much on its own.ā @steven_ehrlich investigates https://t.co/V92eNgsXxJ
unchainedcrypto.com
Questions remain about Rippleās business and the unprofitability of its XRP Ledger. Some investors feel its $40 billion valuation stems from its massive XRP holdings.
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Perps built cryptoās trading culture. Now theyāre coming for Wall Street. ā”ļø On @bitsandbips, ex-FTXUS President @BrettHarrison88 joins @Steven_Ehrlich to discuss: š Why perps outclass traditional futures š¦ How Architect built SEC + CFTC-regulated infrastructure š„ What
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@laurashin @Steven_Ehrlich Classic case of āgreat treasury, weak tractionā the real question is how long that narrative holds up.
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Ripple just raised $500 million from a group of marquee investors. But hereās how outside VCs see it: ā[The company] is not worth anything outside of XRP holdings. No one uses their tech. No usage on the network/blockchain.ā @steven_ehrlich investigates
unchainedcrypto.com
Questions remain about Rippleās business and the unprofitability of its XRP Ledger. Some investors feel its $40 billion valuation stems from its massive XRP holdings.
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Weāre getting calls about polls being closed. They are closed because we do not have elections today. Kentucky votes next year. You cannot vote today in Kentucky for the mayor of New York City or the Governor of Virginia. Sorry.
Itās Election Day. So why doesnāt Kentucky have any this year?
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ā¼ļøUnchained is live today! ā¼ļø Yann Allemann (@swissblock__ & @censeAG) and @LunarCrush's @joevezz join me at 1pm ET to unpack the markets, and then @Steven_Ehrlich sits down with @BrettHarrison88 to talk about perps coming for all of finance and his new exchange, @Architect_Fi.
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āPredictingā that something ācouldā happen is lazy, and frankly incorrect sentence structure. Could means low confidence. Bitcoin ācouldā hit $1 million tomorrowā¦ Thatās my prediction
JUST IN: š Fundstratās Tom Lee calls October āthe biggest liquidation in the history of crypto.ā Lee still predicts #Bitcoin could reach $150Kā$200K and $ETH $7,000 by year-end.
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O'DONNELL: Why did you pardon Changpeng Zhao? TRUMP: Are you ready? I don't know who he is O'DONNELL: His crypto exchange Binance helped facilitate a $2b purchase of World Liberty Financial's stablecoin. And they you pardoned him. TRUMP: Here's the thing -- I know nothing
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@Steven_Ehrlich Want the details we couldn't fit in this video? Get the full story hereš https://t.co/gqfdVIyqOm
unchainedcrypto.com
Demand for AI capacity is causing mining stocks to explode, and now the few remaining pure-play bitcoin miners have capitulated. Has bitcoin mining in the U.S. passed its peak?
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What a world we live in
Illinois Gov.Ā JB PritzkerĀ is writing to DHS SecretaryĀ Kristi NoemĀ to request that immigration raids not be conducted around Halloween celebrations this weekend, warning of "traumatized children," according to Politico.
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