Happy Friday, Blockfolians
Here’s an interesting story (especially given college basketball fever). A source with insider knowledge said that Duke’s endowment was an investor in one of Coinbase’s early rounds, thanks to founder Fred Ehrsam being an alumnus. They estimate that Duke put in ~$5m and probably will 100x their money.
You never know where your next half million dollar pupil is going to come from, eh?
Meanwhile, given Robinhood’s plan to IPO this year as well, it’s clear that the public market-crypto game is just getting hotter and hotter.
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Highly Relevant Reading
The UK Tax authority is publishing new crypto guidance next week
Dragonfly Capital has launched a new $225m fund
The Kentucky governor has signed recently passed crypto mining incentives legislation into law
The head of South Korea’s Central Bank says CBDCs will reduce demand for Bitcoin
A really fun discussion
Options expiry shaping the markets?
Whenretraced -30% in 14 days in January…
BTC rallied +102% in the 30 days that followed
When $BTC retraced -26% in 7 days in February…
BTC rallied +43% in the 13 days after
is now down -18%…
Upcoming uptrend will easily recover whatever this retrace lost
A Really Big Number We Should Be Paying Attention To
That’s the size of Chainalysis’ latest round. The company is now valued over $2B.
It really do be like that though