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The Wolf Den

One important argument every weekday at the intersection of crypto, markets and money - for real investors in a fake world.

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Substack
PricingOnly free issuesPublishesDaily
Issues1549Founded6 years agoLast Issue3 days ago
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Latest Issues

Kraken Is Buying The Business Crypto Was Supposed To Replace

There is something wonderfully crypto about spending years arguing that banks are obsolete, then deciding you would quite like to own one. Yesterday, Kraken’s parent company, Payward, announced an agreement to acquire the Finnish holding co...

3 days ago
11
1

What Happens To Bitcoin If The AI Trade Breaks?

Bitcoin went below $81,000 Monday night into Tuesday, then ripped back above $84,000 before settling around $83,300 Tuesday evening. Somewhere in that round trip, roughly $803 million in crypto positions were liquidated, about 86% of them l...

4 days ago
14
1

Bessent Can Move The Debt. He Can’t Make It Disappear.

If borrowing money for 30 years becomes too expensive, you can borrow it for a shorter period instead. You have changed when the bill comes due, but you still owe the money. That is the basic trade-off behind a forecast from Citi that Scott...

5 days ago
5
2

The Wallet Was Supposed To Be The Safe Part

Imagine doing what crypto people have spent years telling you to do. You buy a hardware wallet from an official reseller, take your Bitcoin off an exchange and accept responsibility for protecting it yourself. Then you discover that the dev...

6 days ago
12

Crypto’s Killer App Was Already In Your Pocket

For years, we have been asking what crypto needs to do to bring in the next hundred million users. Build a better wallet. Launch a better app. Make the technology easier to understand. Preferably find a way to explain gas fees without makin...

9 days ago
7
2

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