Futurum Analyst in Residence Jared Klee analyzes blockchain startup Chainalysis’s $170 million Series F and Storyline product announcements and discusses why new investigative tools are needed in cryptocurrency and why how government agencies are rapidly catching up to the bad guys.
Ripple Announces $100 Million Commitment to Global Carbon Markets
Futurum Analyst in Residence Jared Klee analyzes Ripple’s $100 million commitment to global carbon and considers Ripple’s multiyear commitment to carbon neutrality, the many partnerships the company’s is striking as it attempts to lift the entire ecosystem, and how the approach contrasts with the rhetoric-heavy action-light announcements around proof of work blockchains.
Terra’s Not-So Stablecoin UST Collapses Resulting in Over $40 Billion in Losses
Futurum Analyst in Residence Jared Klee analyzes the collapse of Terra’s not-so stablecoin UST and details the underlying flawed mechanism, the similarities between UST’s collapse and the Asian Financial Crisis of the 90s, and why the stablecoin terminology is causing more harm than good.
Coinbase Missed on Revenue and Earnings and That’s Not Even the Worst of the News
Futurum Analyst in Residence Jared Klee analyzes Coinbase’s miss on revenue and earnings in the first quarter and dives into a new risk exposure buried in the earnings report that reveals the company’s custody offering may be little more than general unsecured borrowing, a status that meets neither the definition nor the spirit of custody.
SEC’s Expanded Crypto Enforcement Division Rankles its Own Commissioner
Futurum Analyst in Residence Jared Klee analyzes the SEC’s newly expanded crypto enforcement division including SEC Commission Peirce’s dissatisfied comments, how regulatory clarity continues to be a problem for crypto startups, and why SEC regulatory clarity will be good for the industry.
Asset Manager VanEck Launches Community NFTs
Futurum Analyst in Residence Jared Klee analyzes asset manager VanEck’s community NFT launch and explores VanEck’s increasingly prominent role in cryptocurrencies and how the VanEck NFTs may demonstrate a new way for asset managers to engage their investors.
Fidelity’s Digital Assets Account Offering Enables 401K Retirement Savers to Invest in Bitcoin
Futurum Analyst in Residence Jared Klee analyzes Fidelity’s announcement of its Digital Assets Account offering. Fidelity’s DAA is an industry-first offering for bitcoin in 401(k)s and Klee considers the impact 401(k) retirement savers who can invest in bitcoin will have on the market, how this is similar to the massive impact the first gold ETFs had on gold investing, and what this means for Fidelity’s competitive positioning.
Coinbase NFT Marketplace is Live — Here’s a Look at the Opportunity that Presents Coinbase
Futurum Analyst in Residence Jared Klee analyzes the Coinbase NFT marketplace beta launch, exploring the impact of the launch features, how the company will balance its mixed Web2 and Web3 strategies, and how Coinbase could position its NFT Marketplace for success by positioning it as a poster child for good governance.
HBAR Foundation Allocates $250 Million to Accelerate Hedera Metaverse
Futurum Analyst in Residence Jared Klee analyzes the HBAR Foundation’s $250 Million allocation to accelerate the Hedera Metaverse, exploring how Hedera is positioning itself for enterprise adoption, who else is pursuing similar strategies, and what it will take for adoption to take off.
USDC Stablecoin Issuer Circle Raises $400 Million from BlackRock and Fidelity
Futurum Analyst in Residence Jared Klee analyzes the $400 million raise by USDC stablecoin issuer Circle from BlackRock and Fidelity. He explores why the investors are strategic partners for Circle, what this means for bringing retail investors to crypto, and how Circle may transform traditional capital markets.