Ben McKenzie @ben_mckenzie
“Like come on. They are here for crime.” Easy Money, out now. Wherever you buy books ben-mckenzie.com New York, USA Joined June 2011-
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Is that a lot?
If you ever doubted the power of narrative, Cathie Wood has personally pocketed tens of millions of dollars while managing a bottom percentile fund and losing >$14 billion in client assets over a decade. All because she tells a powerful story extremely well.
If you ever doubted the power of narrative, Cathie Wood has personally pocketed tens of millions of dollars while managing a bottom percentile fund and losing >$14 billion in client assets over a decade. All because she tells a powerful story extremely well. https://t.co/hXm5vIrQlX
JUST IN: American presidential candidate Robert F. Kennedy Jr. wants to put the entire United States budget on a blockchain.
decentralization
At this point the stablecoin industry has its money tentacles in the entire Republican party and half of the Democratic one, we're not going to win with elite technocratic scalpel solutions that only three law professors can understand. Call them banks, make them get a license.
showbiz top signal
https://t.co/Y3Zwxe7PVj
The first but certainly not the last.
Another epically bad stablecoin bill has just dropped (this one from Sens Lummis & Gillibrand) and so it’s time for another epically long tweet thread pointing out the ways in which this bill will make us worse off. lummis.senate.gov/press-releases…
Lolol
“Making use of a trusted, audited, and transparent stablecoin” 🤔
“Making use of a trusted, audited, and transparent stablecoin” 🤔
The right decision. DOJ needs to choose sooner rather than later. #FDUSD #USDT bloomberg.com/news/articles/…
“He also disclosed to lawmakers that he had exchanged “a number of messages” with the executive.”
“He also disclosed to lawmakers that he had exchanged “a number of messages” with the executive.”
What a hoot! Thanks @FTAlphaville @RobinWigg @alexandrascaggs
It took a jury less than two hours to find Do and his co liable for the Ponzi he ran. It took another jury less than 5 hrs to convict SBF. These cases are open and shut. If the crypto industry wants to survive, it must follow the law. bloomberg.com/news/articles/…
Will 🦥 Menaker @willmenaker
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How it started vs How it’s going
You wouldn’t last an hour in the asylum where they raised me.
The WSJ explains in its motion to dismiss why Signature Bank closed the account of AML Global Payments/Christopher Harborne in 2019. davidgerard.co.uk/blockchain/202…
U.S. Recommends a 36-Month Prison Sentence For Billionaire Binance CEO Changpeng Zhao. Sentencing is Scheduled for April 30th. In summary: “Zhao violated U.S. law on an unprecedented scale. He led a massive financial institution that, as of 2022, processed trillions of dollars…
My late grandfather was a patriot's patriot but don't take my word for it. A treasure trove of his letters home, found in a dusty old shoebox, not only offer a unique/unfiltered glimpse into WWII army life, but they also bestow 6 essential career lessons. linkedin.com/pulse/six-care…
@ben_mckenzie genuinely glad someone wrote about ARK without limitless adulation — its wild
That’s a wrap on season 4 @cwsupermanlois …… thank you to everyone that made this possible. off to Kentucky for a day then home for a bit 🌹….. Y’all are gonna dig this.
🚨Exclusive: Football Index co-founder Adam Cole is behind a strikingly similar new football crypto trading website. He is investor in and advisor to KiX which uses Football Index as 'proof of concept'. It's a "kick in the teeth" for campaigners. thetimes.co.uk/sport/football…
This is a huge deal from @POTUS "The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own." npr.org/2024/04/23/124…
“.. By the end of last year, ARK funds had destroyed more wealth than any other asset manager over the previous decade ..” @WSJ @ben_mckenzie $ARKK wsj.com/finance/invest…
In the arena
“By the end of last year, ARK funds had destroyed more wealth than any other asset manager over the previous decade, losing investors a collective $14.3 billion, according to Morningstar.” stocks.apple.com/An-5UFEz9SSq0E…
But! Generating. Enormous. Management. Fees. Nonetheless.👀🙈 Proving once again, Fund Management is, for the most part, all about fees leaving investors holding the bag. H/t @ben_mckenzie 🏅
“By the end of last year, ARK funds had destroyed more wealth than any other asset manager over the previous decade, losing investors a collective $14.3 billion, according to Morningstar.” stocks.apple.com/An-5UFEz9SSq0E…
@ben_mckenzie Childs play compared to what active MFs destroy high fees and underperformance. It just happens slower and less spectacularly.
Anyone notice how Tether has gone silent in response to a negative news story? Used to be the were always quick to publish a blog with a combative response - but no more. I think they’re listening to their US lawyers. The last time they did this was a Jan 15th blog…