Blockworks Daily

23 hours ago | mail.blockworks.com | Byron Gilliam |Donovan Choy |Ben Strack |Macauley Peterson

The legendary Peter Lynch advised investors to stop following the news. "The person who never bothers to think about the economy, blithely ignores the condition of the market, and invests on a regular schedule is better off than the person who studies and tries to time his investments, getting into stocks when he feels confident and out when he feels queasy." The news has been unusually nauseating this year: trade wars, real wars, recession fears, AI doomerism.

4 days ago | mail.blockworks.com | Byron Gilliam |Jack Kubinec |Ben Strack |Kate Irwin

Imagine if Twitter, instead of publishing the world’s stream of consciousness in real time, embargoed our posts during the day and released them all at once at 2 am every day. Or if the New York Times stockpiled its journalists' daily output and published it in a single daily batch. Such is the pre-internet dystopia in which our banking system still lives. Credit cards, Venmo and Apple Pay make it feel like we’re sending money in real time, but this is smoke and mirrors.

6 days ago | mail.blockworks.com | Kate Irwin |Katherine Ross |Casey Wagner |David Canellis

We’re just a day away from Permissionless. Meaning industry leaders will willingly venture toward a Brooklyn heat wave for the greater good of meaningful conversations. The topic of rebooting the global financial system seems to qualify. That’s the title of a panel I’ll be moderating next Thursday, and Ondo Finance CEO Nathan Allman will be among those on stage with me. I caught up with Allman earlier this week.

1 week ago | mail.blockworks.com | Byron Gilliam |Jeffrey Albus |Ben Strack |Kate Irwin

In New York City, paying by check first became commonplace in the booming economy of the 1840s. This was a major financial innovation: Instead of walking out of the bank with a satchel of borrowed cash to pay for, say, a steamer full of Southern cotton at the docks, a merchant could have a loan credited to a checking account and then settle his purchases with a few strokes of the pen. As banking expanded and commerce sped up, checks offered a safer, faster way to move money through the city.

1 week ago | mail.blockworks.com | Katherine Ross |David Canellis |Casey Wagner |Jeffrey Albus

The SEC has asked prospective Solana ETF issuers to submit amended S-1 forms within the next week, three sources with knowledge of the matter told Blockworks. The agency told issuers it would make comments on the S-1s within 30 days of their submission, two sources added. ‚ÄúWe have received comments from the SEC and have been asked to address and file an amended S-1, which we plan to do so shortly,‚ÄĚ a 21Shares spokesperson told Blockworks.