Posts tagged Alameda Research
The role of Alameda and Cumberland as USDT market makers
The role of Alameda and Cumberland as USDT market makers

We look at a recent report from Protos that traces the issuance of USDT to the institutional players in the centralized crypto capital markets. The data reveals the market share of players like Alameda, Cumberland, Jump, and others in powering trading in exchanges. We try to contextualize this market structure with what exists both in (1) investment banking and (2) decentralized finance. The analogies are helpful to de-sensationalize the information and calculate some rough economics.

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central bank / CBDC, exchanges / cap mkts, decentralized financeLex SokolinAlameda Research, FTX, Citadel, Jump, Jane Street, Virtu, Curve.fi, USDT, USDC, Circle, MakerDAO
Lessons from Elon Musk, Warren Buffett, Galaxy Digital, and the emerging DAOs for building a Fintech empire
Lessons from Elon Musk, Warren Buffett, Galaxy Digital, and the emerging DAOs for building a Fintech empire

This week, we cover these ideas:

  • The difference between building a Fintech company, and building an empire to transform the world

  • How Warren Buffett is the best in the world at getting leverage through third party capital to grow

  • How Elon Musk is the best in the world at re-investing capital into his own judgment and view of the future

  • The $1.2B BitGo acquisition by Galaxy Digital, and the growing footprint of Alameda Research

  • DAOs as a way for all of us to participate

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DAOs, venture capital, monetization / commercial, philosophy, entrepreneurshipLex SokolinWarren Buffett, Elon Musk, Galaxy Digital, BitGo, Alameda Research, FTX, Blockfolio, Solana, ConsenSys