Zaheer
@SplitCapital
Perpetual Optimist 🕊
بِسْمِ ٱللَّهِ مَجْر۪ىٰهَا وَمُرْسَىٰهَآ ۚ إِنَّ رَبِّى لَغَفُورٌۭ رَّحِيمٌۭ
Cash rate is ripping right now. Demand for dollars in crypto is skyrocketing and financing options are getting more expensive. This is the only data point to watch.
Pretty cool mechanism to see real oversubscription to a round. At $100m+ in total committed capital, we can literally say that Plasma is genuinely oversub'd as an investment by quite a bit. I imagine the final figure will end up around ~$150m in total committment.
The Plasma public sale just eclipsed $100m+ in committed capital, with participation limited to those who took part in the predeposit. Trillions.
Someone out there thought they had edge because they knew about the Galaxy deal for $9 billion in BTC and instead got caught out shorting BTC without price moving off. Another day remembering overplaying information is a deadly game.
Split Capital (No VC)
Tell me who your VCs are and I'll tell you how long/bad your unlocks will be
A bunch of people who told me they would never trade again, started trading again.
This industry has been beyond vindicated. Tether remains one of the only credible ways that America will be able to continue issuing debt and I’m glad the organization is finally getting the recognition it very much deserves. Tether’s expansion via Plasma is step 2.
Tether ♥️