2018 Email from Jeffrey #Epstein to Steve #Bannon:

> “Later today we can discuss Michael and his coins”

Trying to figure out who this could be. some possibilities:

1. Michael Saylor is a huge figure in crypto with his $65 billion “borrow money to buy bitcoin” play at #MicroStrategy / #MSTR but he didn’t start that play until 2020.

2. Michael Sonnenshein? We know Larry Summers was tight with Epstein and he was on the board of DCG around this time. DCG owned grayscale, which manages GBTC (the first bitcoin ETF, launched ca. 2015). There was a particular kind of BTC / GBTC carry trade that was incredibly popular with traders around this time.

3. [edit] Michael Barr? Architect of Dodd-Frank, associated with #Ripple Labs and #XRP at that time.

4. Some smaller player involved with Bannon & Epshteyn's #FJB #memecoin?

Other ideas?

#SteveBannon #JeffreyEpstein #EpsteinFiles #GBTC #DCG #uspol #uspolitics #trump #LarrySummer #DCG #Grayscale #MichaelSonnenshein #CarryTrade #bitcoin #BTC

📊 #CryptoETF Update March 10

📈 Bitcoin Spot ETF Outflows: $278.55M
- #GBTC: -$20.60M
- #IBIT: -$89.24M
- #FBTC: -$134.04M
- #BITB: -$6.84M
- #BTCO: -$14.20M
- #EZBC: -$13.64M

- 📊 Total Net Asset Value: $999.41B

📉 Ethereum Spot ETF Outflows: $34.00M
- #FETH: -$23.68M
- #ETH: -$3.88M
- #ETHW: -$1.60M
- #ETHE: -$4.84M

- 📊 Total Net Asset Value: $66.37B

#Bitcoin #Ethereum #ETF #Crypto #CryptoNews #CryptoMarket #BTC #ETH

2024’s Top Corporate #Bitcoin HODLers

🔹#BlackRock leads corporate $BTC holdings with 551,918 BTC, showcasing its confidence in the asset.

🔹Close behind #MicroStrategy holds 446,400 #BTC, with #GBTC at 205,296 BTC and #Tether at 83,759 BTC.

#CoinPedia #CryptoNews #Blockchain #cryptocurrency

#Grayscale’s Bitcoin ETF Crisis

➡️Grayscale #Bitcoin Trust has seen $21 billion in outflows, the only U.S. Bitcoin #ETF with negative net flows in 2024.

➡️Its struggles stem from high fees and growing competition from cheaper #BitcoinETFs, drawing investors away from #GBTC.

#CoinPedia #CryptoNews #Blockchain #cryptocurrency #crypto

BlackRock Takes the Lead: Grayscale No Longer the Top Bitcoin Holder!

🔹Market Leader: #BlackRock’s IBIT holds 349,000 BTC, surpassing #Grayscale’s GBTC at 230,000 #BTC.

🔹AUM Advantage: BlackRock’s #IBIT leads with $20.7 billion in assets, compared to Grayscale’s #GBTC at $13.6 billion.

🔹Cost Efficiency: BlackRock’s IBIT offers a 0.25% fee, significantly lower than Grayscale’s GBTC at 1.5%.

#CoinPedia #cryptocurrency #Crypto #cryptonews

#Stocks #Finance

#GBTC: Reopened bitcoin short on the trend line. @ 57.48

Even cheaper to short today @ $.53 Making 4.66% in the money market. It's like a bond lol.