CINXE.COM

<!DOCTYPE html><html lang="en"><head title="Blockworks: News and insights about digital assets."><meta charSet="UTF-8"/><meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0, user-scalable=no"/><link rel="apple-touch-icon" href="https://blockworks.co/apple-touch-icon.png"/><link rel="icon" type="image/png" sizes="32x32" href="https://blockworks.co/favicon-32x32.png"/><link rel="icon" type="image/png" sizes="16x16" href="https://blockworks.co/favicon-16x16.png"/><link rel="icon" href="https://blockworks.co/favicon.ico"/><link rel="manifest" href="https://blockworks.co/site.webmanifest"/><link rel="mask-icon" href="/safari-pinned-tab.svg" color="#fff"/><meta name="twitter:card"/><meta name="twitter:creator"/><meta name="msapplication-TileColor" content="#ffffff"/><meta name="theme-color" content="#ffffff"/><title>Posts of David Canellis - Blockworks</title><meta name="robots" content="max-snippet:-1, max-image-preview:large, max-video-preview:-1, index, follow"/><link rel="canonical" href="https://blockworks.co/author/david-canellis"/><meta name="description" content="David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at david@blockworks.co"/><meta name="keywords" content=""/><meta property="og:locale" content="en-US"/><meta property="og:type" content="website"/><meta property="og:site_name" content="Blockworks"/><meta property="og:title" content="Posts of David Canellis - Blockworks"/><meta property="og:description" content="David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at david@blockworks.co"/><meta property="og:url" content="https://blockworks.co/author/david-canellis"/><meta property="article.published_time" content="Sat, 23 Nov 2024 19:05:45 GMT"/><meta property="article.modified_time" content="Sat, 23 Nov 2024 19:05:45 GMT"/><meta property="og:image" content="https://blockworks.co/images/Blockworks_Meta_Logo.png"/><meta property="og:image:alt" content="Blockworks"/><meta name="twitter:title" content="Posts of David Canellis - Blockworks"/><meta name="twitter:description" content="David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at david@blockworks.co"/><meta name="twitter:image" content="https://blockworks.co/images/Blockworks_Meta_Logo.png"/><meta name="twitter:image:alt" content="Blockworks"/><script type="application/ld+json">{"@context":"","@graph":[]}</script><meta name="next-head-count" content="32"/><link rel="preload" href="/fonts/tiempos-headline-semibold.woff2" crossorigin="anonymous" as="font" type="font/woff2"/><link rel="preload" href="/fonts/soehne-web-400.woff2" crossorigin="anonymous" as="font" type="font/woff2"/><link rel="preload" href="/fonts/soehne-web-700.woff2" crossorigin="anonymous" as="font" type="font/woff2"/><link rel="preload" href="/_next/static/css/9ea4f70e2f9fef5a.css" as="style"/><link rel="stylesheet" href="/_next/static/css/9ea4f70e2f9fef5a.css" data-n-g=""/><noscript data-n-css=""></noscript><script defer="" nomodule="" src="/_next/static/chunks/polyfills-42372ed130431b0a.js"></script><script src="/_next/static/chunks/webpack-29fb0422f1462522.js" defer=""></script><script src="/_next/static/chunks/framework-4044ab86b589b7c3.js" defer=""></script><script src="/_next/static/chunks/main-5e4cb9f2a06b7020.js" defer=""></script><script src="/_next/static/chunks/pages/_app-d4e3f0b49144cf4a.js" defer=""></script><script src="/_next/static/chunks/e999873e-4c8d55d561c71c11.js" defer=""></script><script src="/_next/static/chunks/a29ae703-6ad291230e73aeae.js" defer=""></script><script src="/_next/static/chunks/8669-ed97268212c85f20.js" defer=""></script><script src="/_next/static/chunks/8384-319535c99afa8aab.js" defer=""></script><script src="/_next/static/chunks/5002-ccd167a6726f5192.js" defer=""></script><script src="/_next/static/chunks/1932-60c82a0574e60194.js" defer=""></script><script src="/_next/static/chunks/pages/author/%5Bslug%5D-aad3ae2aed708616.js" defer=""></script><script src="/_next/static/9YUqKnqxscYuoVjCqd9N0/_buildManifest.js" defer=""></script><script src="/_next/static/9YUqKnqxscYuoVjCqd9N0/_ssgManifest.js" defer=""></script></head><body><div id="__next"><div class="relative flex flex-col justify-start items-start 2xl:border-l 2xl:border-r border-gray-200 max-w-screen-2xl mx-auto"><header class="w-full border-b border-gray-200"><div class="text-xs"><div class="top-bar bg-primary min-h-[2.5rem]"><div class="text-xxs md:text-xs xl:text-sm"><p> </p></div></div><div class="flex lg:justify-between lg:items-center w-full relative p-6 border-b border-gray-200"><div class="flex basis-auto lg:basis-1/3"><div class="relative" data-headlessui-state=""><div class="lg:hidden -p-2 -m-1.5"><button class="p-2 inline-flex items-center justify-center text-black hover:text-gray-700 hover:bg-gray-100 focus:outline-none focus:ring-2 focus:ring-inset focus:ring-primary rounded-md" type="button" aria-expanded="false" data-headlessui-state=""><span class="sr-only">Open menu</span><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" aria-hidden="true" data-slot="icon" class="h-6 w-6"><path stroke-linecap="round" stroke-linejoin="round" d="M3.75 6.75h16.5M3.75 12h16.5m-16.5 5.25h16.5"></path></svg></button></div></div><div hidden="" style="position:fixed;top:1px;left:1px;width:1px;height:0;padding:0;margin:-1px;overflow:hidden;clip:rect(0, 0, 0, 0);white-space:nowrap;border-width:0;display:none"></div><div class="flex justify-end items-center relative gap-3"><div class="gap-1 hidden lg:block"><div class="relative" data-headlessui-state=""><button class="text-black group bg-white rounded-md inline-flex items-center font-medium hover:text-gray-900 focus:outline-none" type="button" aria-expanded="false" data-headlessui-state=""><span class="uppercase hover:text-light-gray">news</span><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" aria-hidden="true" data-slot="icon" class="text-gray-400 ml-0.5 h-5 w-5 group-hover:text-black"><path fill-rule="evenodd" d="M5.22 8.22a.75.75 0 0 1 1.06 0L10 11.94l3.72-3.72a.75.75 0 1 1 1.06 1.06l-4.25 4.25a.75.75 0 0 1-1.06 0L5.22 9.28a.75.75 0 0 1 0-1.06Z" clip-rule="evenodd"></path></svg></button></div><div hidden="" style="position:fixed;top:1px;left:1px;width:1px;height:0;padding:0;margin:-1px;overflow:hidden;clip:rect(0, 0, 0, 0);white-space:nowrap;border-width:0;display:none"></div></div><div class="gap-2.5 hidden lg:block"><a target="" class="block uppercase hover:text-light-gray" href="/newsletter">newsletters</a></div><div class="gap-2.5 hidden lg:block"><a target="" class="block uppercase hover:text-light-gray" href="/podcasts">podcasts</a></div><div class="gap-2.5 hidden lg:block"><a target="" class="block uppercase hover:text-light-gray" href="/events">events</a></div><div class="gap-2.5 hidden lg:block"><a target="" class="block uppercase hover:text-light-gray" href="/roundtables">roundtables</a></div></div></div><div class="mx-6 grow -mt-0.5 lg:mx-0 basis-auto lg:basis-1/3"><a aria-label="Homepage" href="/"><svg width="204" height="32" xmlns="http://www.w3.org/2000/svg" id="Layer_2" viewBox="0 0 451.45 71.05" class="mx-auto sm:mx-0 lg:mx-auto"><g id="Layer_1-2"><g><path d="M25.02,0c13.54,0,21.2,7.95,21.2,18.74,0,7.16-4.32,12.95-10.11,14.92,6.77,1.67,12.27,7.85,12.27,16.49,0,11.28-8.44,19.43-21.49,19.43H0V0H25.02Zm-2.06,28.75c6.18,0,9.91-3.43,9.91-8.73s-3.43-8.64-10.01-8.64H13.35V28.75h9.62Zm1.37,29.54c6.57,0,10.5-3.43,10.5-9.03s-3.53-9.32-10.3-9.32H13.35v18.35h10.99Z"></path><g><path d="M51.71,69.58V0h13.05V69.58h-13.05Z"></path><path d="M117.85,45.44c0,14.82-10.89,25.61-25.32,25.61s-25.32-10.79-25.32-25.61,10.89-25.61,25.32-25.61,25.32,10.7,25.32,25.61Zm-13.05,0c0-9.13-5.89-13.74-12.27-13.74s-12.27,4.61-12.27,13.74,5.89,13.74,12.27,13.74,12.27-4.61,12.27-13.74Z"></path><path d="M132.01,45.44c0,8.73,5.69,13.64,12.36,13.64s10.01-4.42,11.09-8.14l11.48,3.83c-2.16,8.05-9.71,16.29-22.57,16.29-14.23,0-25.41-10.79-25.41-25.61s10.99-25.61,25.02-25.61c13.15,0,20.61,8.14,22.67,16.29l-11.68,3.92c-1.18-4.02-4.22-8.14-10.7-8.14s-12.27,4.81-12.27,13.54Z"></path><path d="M196.19,41.61l19.72,27.97h-15.99l-12.76-18.45-5.4,5.69v12.76h-13.05V0h13.05V39.26l16.68-17.96h17.07l-19.33,20.31Z"></path><path d="M254.81,21.3l10.4,31.11,8.93-31.11h12.95l-15.11,48.28h-13.05l-11.28-32.97-11.09,32.97h-13.25l-15.41-48.28h13.74l8.93,31.01,10.5-31.01h13.74Z"></path><path d="M334.96,45.44c0,14.82-10.89,25.61-25.32,25.61s-25.32-10.79-25.32-25.61,10.89-25.61,25.32-25.61,25.32,10.7,25.32,25.61Zm-13.05,0c0-9.13-5.89-13.74-12.27-13.74s-12.27,4.61-12.27,13.74,5.89,13.74,12.27,13.74,12.27-4.61,12.27-13.74Z"></path><path d="M366.85,34.25c-1.47-.29-2.75-.39-3.92-.39-6.67,0-12.46,3.24-12.46,13.64v22.08h-13.05V21.3h12.66v7.16c2.94-6.38,9.62-7.56,13.74-7.56,1.08,0,2.06,.1,3.04,.2v13.15Z"></path><path d="M396.4,41.61l19.72,27.97h-15.99l-12.76-18.45-5.4,5.69v12.76h-13.05V0h13.05V39.26l16.68-17.96h17.07l-19.33,20.31Z"></path><path d="M423.77,53.68c.29,3.83,3.14,7.36,8.83,7.36,4.32,0,6.38-2.26,6.38-4.81,0-2.16-1.47-3.93-5.2-4.71l-6.38-1.47c-9.32-2.06-13.54-7.65-13.54-14.42,0-8.64,7.65-15.8,18.06-15.8,13.74,0,18.35,8.73,18.94,13.93l-10.89,2.45c-.39-2.85-2.45-6.48-7.95-6.48-3.43,0-6.18,2.06-6.18,4.81,0,2.35,1.77,3.83,4.42,4.32l6.87,1.47c9.52,1.96,14.33,7.75,14.33,14.82,0,7.85-6.08,15.9-18.74,15.9-14.52,0-19.53-9.42-20.12-14.92l11.19-2.45Z"></path></g></g></g></svg></a></div><div class="flex basis-auto lg:basis-1/3 justify-end "><div class="justify-end items-center relative gap-3 hidden sm:flex"><div class="gap-2.5 hidden md:flex"><a target="" class="block uppercase hover:text-light-gray" href="/bitcoin-etf">etf tracker</a></div><div class="gap-2.5 hidden md:flex"><a target="" class="block uppercase hover:text-light-gray" href="/prices">prices</a></div><div class="gap-2.5 hidden md:flex"><a target="" class="block uppercase hover:text-light-gray" href="/data">data</a></div><div class="gap-2.5"><a href="https://blockworksresearch.com/?ref=blockworks.co" rel="nofollow" target="_blank" class="block uppercase text-white bg-primary hover:bg-white hover:text-primary whitespace-nowrap border border-primary py-1 px-2">get research</a></div></div><div class="flex justify-end items-center relative gap-3 ml-4"><a class="block hover:text-gray-500 text-gray-700" aria-label="Search" href="/search"><svg width="18" height="19" viewBox="0 0 18 19" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0" preserveAspectRatio="none"><path fill-rule="evenodd" clip-rule="evenodd" d="M6.75 0.818848C10.4779 0.818848 13.5 3.84092 13.5 7.56885C13.5 9.20359 12.9189 10.7026 11.9519 11.8706L18 17.9188L17.1 18.8188L11.0517 12.7708C9.88371 13.7377 8.38474 14.3188 6.75 14.3188C3.02207 14.3188 0 11.2967 0 7.56885C0 3.84092 3.02207 0.818848 6.75 0.818848ZM6.75 1.71885C3.51914 1.71885 0.9 4.33798 0.9 7.56885C0.9 10.7998 3.51914 13.4188 6.75 13.4188C9.98091 13.4188 12.6 10.7998 12.6 7.56885C12.6 4.33798 9.98091 1.71885 6.75 1.71885Z" fill="currentColor"></path></svg></a></div></div></div><div class="h-10 overflow-hidden"><div class="py-2 px-0 m-0 top-ticker w-full flex gap-0 min-h-[24px]"><div class="top-ticker-items flex justify-start items-center gap-10 whitespace-nowrap"><div class="mx-auto flex align-center items-center text-center"><ins id="div-gpt-ad-1667257780018-0" data-ad-slot="/22757941429/ticker" data-ad-client="ca-pub-5302683418973475" style="width:120px;height:20px" class="ad-slot"></ins></div></div><div class="top-ticker-items top-ticker-items-second flex justify-start items-center gap-10 whitespace-nowrap"><div class="w-[60px]"></div></div></div></div></div></header><main><div class="flex flex-col md:flex-row justify-start items-center lg:items-start self-stretch flex-grow-0 flex-shrink-0"><div class="flex flex-col justify-start items-start flex-grow-0 flex-shrink-0 bg-[#f8b4e4]"><img alt="David Canellis" loading="lazy" width="475" height="475" decoding="async" data-nimg="1" class="object-cover md:max-h-[600px]" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F05%2FScreenshot-2022-05-02-at-20.17.00-e1651515763548.jpg&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F05%2FScreenshot-2022-05-02-at-20.17.00-e1651515763548.jpg&w=1024&q=75 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F05%2FScreenshot-2022-05-02-at-20.17.00-e1651515763548.jpg&w=1024&q=75"/></div><div class="flex flex-col justify-start items-start self-stretch flex-grow"><div class="flex flex-col justify-end items-start self-stretch flex-grow relative gap-1 p-10 bg-[#000a39]"><p class="self-stretch flex-grow-0 flex-shrink-0 w-full text-5xl text-left text-white">David Canellis</p><div class="flex justify-start items-start flex-grow-0 flex-shrink-0 relative gap-3"></div></div><div class="hidden lg:flex flex-col justify-end items-start self-stretch flex-grow-0 flex-shrink-0 relative gap-3 p-10 bg-[#f7f7f7]"><div class="self-stretch flex-grow-0 flex-shrink-0 w-full text-lg text-left">David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="a8ccc9dec1cce8cac4c7cbc3dfc7dac3db86cbc7">[email protected]</a></div></div></div></div><div class="lg:hidden flex flex-col justify-end items-start self-stretch flex-grow-0 flex-shrink-0 relative gap-3 p-10 bg-[#f7f7f7]"><div class="self-stretch flex-grow-0 flex-shrink-0 w-full text-lg text-left">David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="6e0a0f18070a2e0c02010d0519011c051d400d01">[email protected]</a></div></div><div><div class="md:mt-0 md:flex md:justify-between md:items-center w-full px-10 py-5 border-b border-t"><div class="flex justify-start items-center gap-3"><div class="relative"><h2 class="text-base uppercase text-dark font-semibold"><a href="/news">recent news by David Canellis</a></h2></div></div><div><a class="text-sm text-center md:text-left uppercase text-primary" href="/news">All News</a></div></div><div class="p-4 grid gap-8 grid-cols-1 xs:grid-cols-2 md:grid-cols-3 lg:grid-cols-4 xl:grid-cols-5"><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/bitcoin-goes-up-when-cz-tweets-gm-a-theory"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fchangpeng-zhao.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fchangpeng-zhao.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fchangpeng-zhao.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/bitcoin-goes-up-when-cz-tweets-gm-a-theory">Bitcoin goes up when CZ tweets 'gm': A theory</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Bitcoin nears $100k two weeks after CZ tweeted gm. Coincidence?</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-22T00:00:00.000Z">November 21, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/bitcoin-close-to-all-time-high-against-gold"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2F2-pink-bitcoin.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2F2-pink-bitcoin.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2F2-pink-bitcoin.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/bitcoin-close-to-all-time-high-against-gold">Bitcoin is inches away from cracking all-time high against gold</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">If gold remains steady today, a single move from bitcoin to $98,500 would do it</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-21T00:00:00.000Z">November 20, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/microstrategy-bitcoin-bet"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fmicrostrategy.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fmicrostrategy.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fmicrostrategy.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/business">Business</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/microstrategy-bitcoin-bet">MicroStrategy's bitcoin bet is paying off in more ways than one</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">MicroStrategy’s bitcoin buying has exploded — it now holds 1.7% of the asset’s circulating supply</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-20T00:00:00.000Z">November 19, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/coinbase-asset-management-allocations"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ftoken-pile-purple.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ftoken-pile-purple.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ftoken-pile-purple.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/coinbase-asset-management-allocations">Coinbase Asset Management CEO's allocation recommendation</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">“You’re gonna, at least for a period of time, wish you’d had a million bucks in solana”</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-19T00:00:00.000Z">November 18, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/bitcoin-to-flip-gold-needs-10x"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ffine-gold-bars.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ffine-gold-bars.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ffine-gold-bars.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/bitcoin-to-flip-gold-needs-10x">Bitcoin's mission to flip gold demands one last 10x</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">If silver and gold both trade flat, bitcoin would need to hit $96k to eclipse silver and $910k to surpass gold</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-18T00:00:00.000Z">November 17, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/450b-behemoth-forging-btc-path-to-100k"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fpink-bitcoin-token.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fpink-bitcoin-token.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fpink-bitcoin-token.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/450b-behemoth-forging-btc-path-to-100k">There’s a $450 billion behemoth forging BTC’s path to $100k</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">The Crypto-Industrial Complex is always churning, gobbling up coins much faster than they can be mined and sold</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-15T00:00:00.000Z">November 14, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/us-cracking-down-on-polymarket"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2FPolymarket-pink.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2FPolymarket-pink.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2FPolymarket-pink.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/people">People</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/us-cracking-down-on-polymarket">The US government might be cracking down on Polymarket</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">FBI agents reportedly confiscated Polymarket CEO Shayne Coplan’s phone and devices on Wednesday</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-14T00:00:00.000Z">November 13, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/eth-killers-not-close"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fpurple-eth-ethereum.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fpurple-eth-ethereum.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fpurple-eth-ethereum.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/eth-killers-not-close">ETH killers are still no closer to doing the deed</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Solana is the crowd favorite to potentially flip Ethereum somewhere down the line, and it tends to feel realistic at times</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-13T00:00:00.000Z">November 12, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/bitcoin-price-discovery-mode"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-colorful-.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-colorful-.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-colorful-.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/bitcoin-price-discovery-mode">What needs to happen before bitcoin enters price discovery mode</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">BTC continues to smash expectations as it holds near $90,000</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-12T00:00:00.000Z">November 11, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/btc-is-trumps-opportunity-to-beat-biden"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-green-1.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-green-1.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-green-1.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/btc-is-trumps-opportunity-to-beat-biden">Bitcoin is Trump's next opportunity to beat Biden</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Biden’s victory in 2020 aligned with a big rally for bitcoin — can Trump beat the Biden bump?</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-07T00:00:00.000Z">November 6, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/btc-election-market-moment"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbitcoin.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbitcoin.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbitcoin.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/btc-election-market-moment">Bitcoin’s election market moment has arrived</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Predictions that the US election will fuel bitcoin’s price are set to be tested</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-05T00:00:00.000Z">November 4, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/btc-further-from-all-time-high"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-neon.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-neon.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Fbtc-neon.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/btc-further-from-all-time-high">Bitcoin is further away from all-time high than you think</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">It turns out that bitcoin never actually hit an all-time high in March. Thanks a lot, inflation.</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-04T00:00:00.000Z">November 3, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/metaverse-coin-trump-linked-token-commonality"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ftrump.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ftrump.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F11%2Ftrump.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/metaverse-coin-trump-linked-token-commonality">What a metaverse coin and a Trump-linked stock have in common</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Why that the bull market might not start until 2025</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-11-01T00:00:00.000Z">October 31, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/solana-memecoins-all-time-high"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fsolana.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fsolana.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fsolana.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/lightspeed-newsletter">Lightspeed Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/solana-memecoins-all-time-high">A memecoin market flippening could be underway</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Solana memecoins are collectively at an all-time high</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-31T00:00:00.000Z">October 30, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/coinbase-safeguarding-crypto"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbrian-armstrong-1.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbrian-armstrong-1.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbrian-armstrong-1.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/coinbase-safeguarding-crypto">Coinbase safeguards more of crypto than you might think</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Coinbase’s final total for Q3: $331 billion, the equivalent of 15% of the total crypto market cap at the time</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-31T00:00:00.000Z">October 30, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/eth-sol-playing-catch-up-btc"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbtc-glitch.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbtc-glitch.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbtc-glitch.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/empire-newsletter">Empire Newsletter</a><a href="/category/markets">Markets</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/eth-sol-playing-catch-up-btc">ETH and SOL are playing catch up with BTC</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Bitcoin stopped $175 short of setting a new price record on Tuesday evening</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-30T00:00:00.000Z">October 29, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/base-dex-volume-decentralization"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbase.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbase.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fbase.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/base-dex-volume-decentralization">Could exchanges decentralize themselves out of existence?</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Base DEX volumes have now eclipsed Kraken’s</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-29T00:00:00.000Z">October 28, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/memecoin-rivalry-ethereum-solana"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fsolana-eth.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fsolana-eth.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fsolana-eth.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/memecoin-rivalry-ethereum-solana">One of crypto's greatest rivalries boils down to memecoins</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">The public perception of SOL and ETH rests in the hands of memecoins traders</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-28T00:00:00.000Z">October 27, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/ethereum-layer-2-blockspace"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fethereum-neon-pink.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fethereum-neon-pink.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fethereum-neon-pink.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/ethereum-layer-2-blockspace">A chain for every app is the new crypto meta</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">Kraken’s launch of Ink will be the Superchain’s 24th fully participating network</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-25T00:00:00.000Z">October 24, 2024</time></div></div></div><div class="flex flex-col justify-start self-stretch flex-grow gap-2 w-full"><a class="cursor-pointer" href="/news/ai-new-favorite-memecoin"><img alt="article-image" loading="lazy" width="768" height="432" decoding="async" data-nimg="1" class="w-full h-auto" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fgoatse.jpg&w=768&q=40 1x, /_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fgoatse.jpg&w=1536&q=40 2x" src="/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F10%2Fgoatse.jpg&w=1536&q=40"/></a><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-1"><p class="flex whitespace-nowrap overflow-auto scrollbar-hide flex-grow text-[10px] text-left uppercase text-primary gap-2"><a href="/category/analysis">Analysis</a><a href="/category/empire-newsletter">Empire Newsletter</a></p></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><a class="font-headline flex-grow text-base font-semibold leading-snug hover:text-primary" href="/news/ai-new-favorite-memecoin">GOAT is no longer Truth Terminal’s largest holding</a></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2.5"><p class="flex-grow text-xs text-left text-light-gray text-light-gray">The AI bot has another favorite memecoin</p></div><div class="flex flex-wrap justify-start items-start gap-1 text-xxs"><div class="flex flex-wrap gap-1 uppercase">by <span><a class="link-gray" href="/author/david-canellis">David Canellis</a></span><span> /</span></div><div class="flex justify-start items-start relative gap-1 uppercase"><time dateTime="2024-10-24T00:00:00.000Z">October 23, 2024</time></div></div></div></div><div></div></div></main><div class="fixed bottom-0 z-10 left-0 right-0"></div><audio></audio><footer class="bg-[#110B29] w-full"><div class="flex flex-wrap sm:flex-nowrap justify-center border-b border-[#b4b4b4]/[0.35]"><div class="flex flex-col justify-start items-start self-stretch flex-grow gap-3 p-10 bg-[#110b29]"><div class="flex flex-col justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 gap-1"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><p class="flex-grow-0 flex-shrink-0 text-[10px] text-left uppercase text-[#f7f7f7]">newsletter</p></div></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 relative gap-2.5"><p class="flex-grow text-xl text-left text-white">Blockworks Daily Newsletter</p></div></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 relative gap-2.5"><p class="flex-grow text-sm text-left text-white">Get the daily newsletter that helps thousands of investors understand the markets.</p></div><div class="flex flex-col w-full"><div class="flex justify-start items-center self-stretch"><div class="self-stretch flex-grow bg-white"><input type="hidden" name="verification" value=""/><input class="flex justify-start items-start w-full text-light-gray focus:text-black border focus:outline-none border-r-0 border-gray-200 focus:border-primary p-2 text-xs" placeholder="Email address" value=""/></div><button class="flex justify-start items-center gap-1 border border-transparent cursor-pointer border-l-0 bg-primary hover:border-gray-800 hover:bg-gray-700 px-4 py-2 text-xs"><span class="text-center uppercase text-white">subscribe</span></button></div></div></div><div class="flex flex-col justify-center items-start self-stretch flex-grow gap-3 p-10 bg-[#110b29] border-t border-r-0 border-b-0 sm:border-l border-[#b4b4b4]/[0.35]"><div class="flex flex-col justify-start items-start self-stretch flex-grow-0 flex-shrink-0 gap-2"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 gap-1"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><p class="flex-grow-0 flex-shrink-0 text-[10px] text-left uppercase text-[#f7f7f7]">blockworks research</p></div></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 relative gap-2.5"><p class="flex-grow text-[22px] text-left text-white">Unlock crypto's most powerful research platform.</p></div></div><div class="flex justify-start items-start self-stretch flex-grow-0 flex-shrink-0 relative gap-2.5"><p class="flex-grow text-sm text-left text-[#f7f7f7]">Our research packs a punch and gives you actionable takeaways for each topic.</p></div><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-4"><div class="flex justify-start items-center self-stretch flex-grow-0 flex-shrink-0 gap-4"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><a href="https://blockworksresearch.com" target="_blank" class="flex-grow-0 flex-shrink-0 text-[10px] text-center uppercase text-[#a38bfc]" rel="noreferrer">subscribe</a></div><svg width="8" height="9" viewBox="0 0 8 9" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0" preserveAspectRatio="xMidYMid meet"><path d="M4 0.837402L3.295 1.5424L6.085 4.3374H0V5.3374H6.085L3.295 8.1324L4 8.8374L8 4.8374L4 0.837402Z" fill="#A38BFC"></path></svg></div></div><div class="flex justify-start items-start flex-grow-0 flex-shrink-0 gap-4"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><a href="https://app.blockworksresearch.com/support" target="_blank" class="flex-grow-0 flex-shrink-0 text-[10px] text-center uppercase text-[#a38bfc]" rel="noreferrer">get in touch</a></div><svg width="8" height="9" viewBox="0 0 8 9" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0" preserveAspectRatio="xMidYMid meet"><path d="M4 0.837402L3.295 1.5424L6.085 4.3374H0V5.3374H6.085L3.295 8.1324L4 8.8374L8 4.8374L4 0.837402Z" fill="#A38BFC"></path></svg></div></div></div></div></div><div class="grid grid-cols-2 md:grid-cols-1 lg:grid-cols-2 gap-0 text-white uppercase text-xxs whitespace-nowrap p-8 md:text-center"><div><h5 class="font-bold mb-3 md:hidden">Sections</h5><div class="grid grid-cols-1 md:grid-cols-7 md:mb-6 lg:mb-0 gap-2"><div class="grid hover:text-purple-200 w-20"><a href="/news">News</a></div><div class="grid hover:text-purple-200 w-20"><a href="/podcasts">Podcasts</a></div><div class="grid hover:text-purple-200 w-20"><a href="/newsletter">Newsletters</a></div><div class="grid hover:text-purple-200 w-20"><a href="/events">Events</a></div><div class="grid hover:text-purple-200 w-20"><a href="/roundtables">Roundtables</a></div><div class="grid hover:text-purple-200 w-20"><a href="https://blockworksresearch.com">Research</a></div><div class="grid hover:text-purple-200 w-20"><a href="/sitemap">Sitemap</a></div></div></div><div><h5 class="font-bold mb-3 md:hidden">Company</h5><div class="grid grid-cols-1 md:grid-cols-6 gap-2"><div class="grid hover:text-purple-200 w-20"><a href="/about">About</a></div><div class="grid hover:text-purple-200 w-20"><a href="/advertise">Advertise</a></div><div class="grid hover:text-purple-200 w-20"><a href="/careers">Careers</a></div><div class="grid hover:text-purple-200 w-20"><a href="/trust-ethics">Trust & Ethics</a></div><div class="grid hover:text-purple-200 w-20"><a href="/privacy-policy">Privacy Policy</a></div><div class="grid hover:text-purple-200 w-20"><a href="/contact-us">Contact Us</a></div></div></div></div><div class="flex flex-wrap gap-4 justify-between items-center self-stretch flex-grow-0 flex-shrink-0 p-10 border-t border-r-0 border-b-0 border-l-0 border-[#b4b4b4]/[0.35]"><div class="text-white flex flex-col justify-center items-start flex-grow-0 flex-shrink-0 relative gap-3"><div><svg width="204" height="32" xmlns="http://www.w3.org/2000/svg" id="Layer_2" viewBox="0 0 451.45 71.05" class="flex-grow-0 flex-shrink-0 h-6 w-auto relative fill-current"><g id="Layer_1-2"><g><path d="M25.02,0c13.54,0,21.2,7.95,21.2,18.74,0,7.16-4.32,12.95-10.11,14.92,6.77,1.67,12.27,7.85,12.27,16.49,0,11.28-8.44,19.43-21.49,19.43H0V0H25.02Zm-2.06,28.75c6.18,0,9.91-3.43,9.91-8.73s-3.43-8.64-10.01-8.64H13.35V28.75h9.62Zm1.37,29.54c6.57,0,10.5-3.43,10.5-9.03s-3.53-9.32-10.3-9.32H13.35v18.35h10.99Z"></path><g><path d="M51.71,69.58V0h13.05V69.58h-13.05Z"></path><path d="M117.85,45.44c0,14.82-10.89,25.61-25.32,25.61s-25.32-10.79-25.32-25.61,10.89-25.61,25.32-25.61,25.32,10.7,25.32,25.61Zm-13.05,0c0-9.13-5.89-13.74-12.27-13.74s-12.27,4.61-12.27,13.74,5.89,13.74,12.27,13.74,12.27-4.61,12.27-13.74Z"></path><path d="M132.01,45.44c0,8.73,5.69,13.64,12.36,13.64s10.01-4.42,11.09-8.14l11.48,3.83c-2.16,8.05-9.71,16.29-22.57,16.29-14.23,0-25.41-10.79-25.41-25.61s10.99-25.61,25.02-25.61c13.15,0,20.61,8.14,22.67,16.29l-11.68,3.92c-1.18-4.02-4.22-8.14-10.7-8.14s-12.27,4.81-12.27,13.54Z"></path><path d="M196.19,41.61l19.72,27.97h-15.99l-12.76-18.45-5.4,5.69v12.76h-13.05V0h13.05V39.26l16.68-17.96h17.07l-19.33,20.31Z"></path><path d="M254.81,21.3l10.4,31.11,8.93-31.11h12.95l-15.11,48.28h-13.05l-11.28-32.97-11.09,32.97h-13.25l-15.41-48.28h13.74l8.93,31.01,10.5-31.01h13.74Z"></path><path d="M334.96,45.44c0,14.82-10.89,25.61-25.32,25.61s-25.32-10.79-25.32-25.61,10.89-25.61,25.32-25.61,25.32,10.7,25.32,25.61Zm-13.05,0c0-9.13-5.89-13.74-12.27-13.74s-12.27,4.61-12.27,13.74,5.89,13.74,12.27,13.74,12.27-4.61,12.27-13.74Z"></path><path d="M366.85,34.25c-1.47-.29-2.75-.39-3.92-.39-6.67,0-12.46,3.24-12.46,13.64v22.08h-13.05V21.3h12.66v7.16c2.94-6.38,9.62-7.56,13.74-7.56,1.08,0,2.06,.1,3.04,.2v13.15Z"></path><path d="M396.4,41.61l19.72,27.97h-15.99l-12.76-18.45-5.4,5.69v12.76h-13.05V0h13.05V39.26l16.68-17.96h17.07l-19.33,20.31Z"></path><path d="M423.77,53.68c.29,3.83,3.14,7.36,8.83,7.36,4.32,0,6.38-2.26,6.38-4.81,0-2.16-1.47-3.93-5.2-4.71l-6.38-1.47c-9.32-2.06-13.54-7.65-13.54-14.42,0-8.64,7.65-15.8,18.06-15.8,13.74,0,18.35,8.73,18.94,13.93l-10.89,2.45c-.39-2.85-2.45-6.48-7.95-6.48-3.43,0-6.18,2.06-6.18,4.81,0,2.35,1.77,3.83,4.42,4.32l6.87,1.47c9.52,1.96,14.33,7.75,14.33,14.82,0,7.85-6.08,15.9-18.74,15.9-14.52,0-19.53-9.42-20.12-14.92l11.19-2.45Z"></path></g></g></g></svg></div><div class="flex justify-start items-center flex-grow-0 flex-shrink-0 relative gap-1"><svg width="8" height="9" viewBox="0 0 8 9" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0" preserveAspectRatio="xMidYMid meet"><path d="M3.952 3.1934C4.464 3.2174 4.596 3.6534 4.604 3.8574H5.32C5.288 3.0654 4.724 2.5814 3.94 2.5814C3.056 2.5814 2.4 3.1374 2.4 4.3934C2.4 5.1694 2.772 6.0894 3.936 6.0894C4.824 6.0894 5.3 5.4294 5.312 4.9094H4.596C4.584 5.1454 4.416 5.4614 3.944 5.4854C3.42 5.4694 3.2 5.0614 3.2 4.3934C3.2 3.2374 3.712 3.2014 3.952 3.1934ZM4 0.337402C1.792 0.337402 0 2.1294 0 4.3374C0 6.5454 1.792 8.3374 4 8.3374C6.208 8.3374 8 6.5454 8 4.3374C8 2.1294 6.208 0.337402 4 0.337402ZM4 7.5374C2.236 7.5374 0.8 6.1014 0.8 4.3374C0.8 2.5734 2.236 1.1374 4 1.1374C5.764 1.1374 7.2 2.5734 7.2 4.3374C7.2 6.1014 5.764 7.5374 4 7.5374Z" fill="currentColor"></path></svg><p class="flex-grow-0 flex-shrink-0 text-[10px] text-left uppercase text-white">Blockworks Inc.</p></div><p class="flex-grow-0 flex-shrink-0 text-[10px] text-left uppercase text-white">133 W 19th St., New York, NY 10011</p></div><div class="text-white flex justify-start items-start flex-grow-0 flex-shrink-0 relative gap-3"><a href="https://twitter.com/Blockworks_" target="_blank" rel="noreferrer nofollow" aria-label="Twitter"><svg aria-hidden="true" width="24" height="25" viewBox="0 0 24 25" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0 w-6 h-6 relative" preserveAspectRatio="xMidYMid meet"><path d="M20 8.3374C19.4 8.6374 18.8 8.7374 18.1 8.8374C18.8 8.4374 19.3 7.8374 19.5 7.0374C18.9 7.4374 18.2 7.6374 17.4 7.8374C16.8 7.2374 15.9 6.8374 15 6.8374C13.3 6.8374 11.8 8.3374 11.8 10.1374C11.8 10.4374 11.8 10.6374 11.9 10.8374C9.2 10.7374 6.7 9.4374 5.1 7.4374C4.8 7.9374 4.7 8.4374 4.7 9.1374C4.7 10.2374 5.3 11.2374 6.2 11.8374C5.7 11.8374 5.2 11.6374 4.7 11.4374C4.7 13.0374 5.8 14.3374 7.3 14.6374C7 14.7374 6.7 14.7374 6.4 14.7374C6.2 14.7374 6 14.7374 5.8 14.6374C6.2 15.9374 7.4 16.9374 8.9 16.9374C7.8 17.8374 6.4 18.3374 4.8 18.3374C4.5 18.3374 4.3 18.3374 4 18.3374C5.5 19.2374 7.2 19.8374 9 19.8374C15 19.8374 18.3 14.8374 18.3 10.5374C18.3 10.4374 18.3 10.2374 18.3 10.1374C19 9.6374 19.6 9.0374 20 8.3374Z" fill="currentColor"></path></svg></a><a href="https://www.linkedin.com/company/the-blockworks-group" target="_blank" rel="noreferrer nofollow" aria-label="Linkedin"><svg width="24" height="25" viewBox="0 0 24 25" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0 w-6 h-6 relative" preserveAspectRatio="xMidYMid meet"><path d="M19.3 4.8374H4.7C4.3 4.8374 4 5.1374 4 5.5374V20.2374C4 20.5374 4.3 20.8374 4.7 20.8374H19.4C19.8 20.8374 20.1 20.5374 20.1 20.1374V5.5374C20 5.1374 19.7 4.8374 19.3 4.8374ZM8.7 18.4374H6.4V10.8374H8.8V18.4374H8.7ZM7.6 9.8374C6.8 9.8374 6.2 9.1374 6.2 8.4374C6.2 7.6374 6.8 7.0374 7.6 7.0374C8.4 7.0374 9 7.6374 9 8.4374C8.9 9.1374 8.3 9.8374 7.6 9.8374ZM17.6 18.4374H15.2V14.7374C15.2 13.8374 15.2 12.7374 14 12.7374C12.8 12.7374 12.6 13.7374 12.6 14.7374V18.5374H10.2V10.8374H12.5V11.8374C12.8 11.2374 13.6 10.6374 14.7 10.6374C17.1 10.6374 17.5 12.2374 17.5 14.2374V18.4374H17.6Z" fill="currentColor"></path></svg></a><a href="https://t.me/blockworks_news" target="_blank" rel="noreferrer nofollow" class="py-1" aria-label="Telegram"><svg aria-hidden="true" width="17" height="17" viewBox="0 0 17 17" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M15.3158 0.996943C15.109 1.00765 14.9143 1.07457 14.7411 1.14952H14.7387C14.5632 1.22715 13.7289 1.61797 12.4618 2.20955C11.1947 2.80381 9.55008 3.57474 7.9175 4.34032C4.65716 5.8688 1.45212 7.37319 1.45212 7.37319L1.49059 7.35713C1.49059 7.35713 1.26938 7.43743 1.03856 7.6141C0.920749 7.69976 0.790912 7.81754 0.677906 8.00224C0.5649 8.18695 0.473533 8.47069 0.507195 8.76247C0.562496 9.25768 0.851022 9.55481 1.0578 9.7181C1.26698 9.88407 1.46654 9.96169 1.46654 9.96169H1.47135L4.47683 11.0886C4.61148 11.5705 5.3929 14.4293 5.58044 15.0879C5.69105 15.4813 5.79924 15.7276 5.93389 15.915C5.99881 16.0114 6.07575 16.0917 6.16711 16.1559C6.20318 16.18 6.24165 16.1987 6.28012 16.2148C6.29214 16.2228 6.30416 16.2255 6.31859 16.2282L6.28733 16.2202C6.29695 16.2228 6.30416 16.2309 6.31138 16.2335C6.33542 16.2416 6.35225 16.2442 6.38351 16.2496C6.85957 16.4102 7.24187 16.081 7.24187 16.081L7.26351 16.0622L9.03795 14.2634L12.0122 16.8037L12.0795 16.8358C12.6998 17.1383 13.3274 16.9697 13.6592 16.6725C13.9934 16.3727 14.1232 15.9899 14.1232 15.9899L14.1449 15.9284L16.4434 2.81987C16.5084 2.49598 16.5252 2.19349 16.4531 1.89904C16.3809 1.60459 16.1958 1.32887 15.9722 1.18165C15.7462 1.03174 15.5226 0.986236 15.3158 0.996943ZM15.2533 2.40229C15.2509 2.44512 15.2581 2.43976 15.2413 2.52274V2.53077L12.9643 15.5028C12.9547 15.5215 12.9379 15.5617 12.8922 15.6018C12.8441 15.6446 12.8056 15.6714 12.6061 15.5831L8.96822 12.4779L6.77061 14.7077L7.23225 11.4259C7.23225 11.4259 12.9306 5.51278 13.1759 5.25848C13.4211 5.00418 13.3394 4.95064 13.3394 4.95064C13.3562 4.64013 12.9691 4.85963 12.9691 4.85963L5.47465 10.0286L5.47225 10.0152L1.8801 8.66878V8.6661C1.87769 8.6661 1.87288 8.66343 1.87048 8.66343C1.87288 8.66343 1.88972 8.65539 1.88972 8.65539L1.90895 8.64469L1.92819 8.63666C1.92819 8.63666 5.13563 7.13227 8.39598 5.60379C10.0286 4.83821 11.6732 4.06728 12.9379 3.47302C14.2026 2.88144 15.1379 2.44779 15.1908 2.4237C15.2413 2.40229 15.2172 2.40229 15.2533 2.40229Z" fill="currentColor"></path></svg></a><a href="https://www.instagram.com/blockworks__/" target="_blank" rel="noreferrer nofollow" aria-label="Instagram"><span class="sr-only">Instagram</span><svg aria-hidden="true" width="24" height="25" viewBox="0 0 24 25" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0 w-6 h-6 relative" preserveAspectRatio="xMidYMid meet"><path d="M16.145 9.6894C15.6148 9.6894 15.185 9.2596 15.185 8.7294C15.185 8.19921 15.6148 7.7694 16.145 7.7694C16.6752 7.7694 17.105 8.19921 17.105 8.7294C17.105 9.2596 16.6752 9.6894 16.145 9.6894ZM12 16.8374C9.794 16.8374 8 15.0434 8 12.8374C8 10.6314 9.794 8.8374 12 8.8374C14.206 8.8374 16 10.6314 16 12.8374C16 15.0434 14.206 16.8374 12 16.8374ZM12 10.8374C10.897 10.8374 10 11.7344 10 12.8374C10 13.9404 10.897 14.8374 12 14.8374C13.103 14.8374 14 13.9404 14 12.8374C14 11.7344 13.103 10.8374 12 10.8374ZM16 20.8374H8C5.944 20.8374 4 18.8934 4 16.8374V8.8374C4 6.7814 5.944 4.8374 8 4.8374H16C18.056 4.8374 20 6.7814 20 8.8374V16.8374C20 18.8934 18.056 20.8374 16 20.8374ZM8 6.8374C7.065 6.8374 6 7.9024 6 8.8374V16.8374C6 17.7904 7.047 18.8374 8 18.8374H16C16.935 18.8374 18 17.7724 18 16.8374V8.8374C18 7.9024 16.935 6.8374 16 6.8374H8Z" fill="currentColor"></path></svg></a><a href="https://discord.com/invite/aU7UkQQCR5" target="_blank" rel="noreferrer nofollow" aria-label="Discord"><svg aria-hidden="true" width="24" height="25" viewBox="0 0 24 25" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0 w-6 h-6 relative" preserveAspectRatio="xMidYMid meet"><path d="M18.9308 6.47889C17.6561 5.89399 16.2892 5.46306 14.8599 5.21625C14.8339 5.21148 14.8079 5.22339 14.7945 5.24719C14.6187 5.55987 14.4239 5.96779 14.2876 6.28841C12.7503 6.05827 11.221 6.05827 9.71527 6.28841C9.57887 5.96066 9.37707 5.55987 9.20048 5.24719C9.18707 5.22418 9.16107 5.21228 9.13504 5.21625C7.70659 5.46227 6.33963 5.8932 5.06411 6.47889C5.05307 6.48365 5.04361 6.49159 5.03732 6.5019C2.44449 10.3755 1.73421 14.154 2.08265 17.8855C2.08423 17.9038 2.09447 17.9213 2.10867 17.9324C3.81934 19.1886 5.47642 19.9513 7.10273 20.4568C7.12876 20.4648 7.15634 20.4553 7.1729 20.4338C7.55761 19.9085 7.90054 19.3545 8.19456 18.772C8.21192 18.7379 8.19535 18.6974 8.15989 18.6839C7.61594 18.4776 7.098 18.226 6.59977 17.9403C6.56037 17.9173 6.55721 17.8609 6.59347 17.8339C6.69831 17.7554 6.80318 17.6736 6.9033 17.5911C6.92141 17.576 6.94665 17.5728 6.96794 17.5824C10.2411 19.0767 13.7846 19.0767 17.0191 17.5824C17.0404 17.572 17.0657 17.5752 17.0846 17.5903C17.1847 17.6728 17.2895 17.7554 17.3952 17.8339C17.4314 17.8609 17.4291 17.9173 17.3897 17.9403C16.8914 18.2315 16.3735 18.4776 15.8288 18.6831C15.7933 18.6966 15.7775 18.7379 15.7949 18.772C16.0952 19.3537 16.4381 19.9076 16.8157 20.433C16.8315 20.4553 16.8599 20.4648 16.8859 20.4568C18.5201 19.9513 20.1772 19.1886 21.8879 17.9324C21.9028 17.9213 21.9123 17.9046 21.9139 17.8863C22.3309 13.5722 21.2154 9.82477 18.9568 6.50269C18.9513 6.49159 18.9419 6.48365 18.9308 6.47889ZM8.68335 15.6134C7.69792 15.6134 6.88594 14.7087 6.88594 13.5976C6.88594 12.4865 7.68217 11.5818 8.68335 11.5818C9.69239 11.5818 10.4965 12.4945 10.4807 13.5976C10.4807 14.7087 9.68451 15.6134 8.68335 15.6134ZM15.329 15.6134C14.3435 15.6134 13.5316 14.7087 13.5316 13.5976C13.5316 12.4865 14.3278 11.5818 15.329 11.5818C16.338 11.5818 17.1421 12.4945 17.1264 13.5976C17.1264 14.7087 16.338 15.6134 15.329 15.6134Z" fill="currentColor"></path></svg></a><a href="https://www.tiktok.com/@blockworks__" target="_blank" rel="noreferrer nofollow" class="py-1" aria-label="Tiktok"><svg aria-hidden="true" width="16" height="16" viewBox="0 0 512 512" id="icons" xmlns="http://www.w3.org/2000/svg"><path d="M412.19,118.66a109.27,109.27,0,0,1-9.45-5.5,132.87,132.87,0,0,1-24.27-20.62c-18.1-20.71-24.86-41.72-27.35-56.43h.1C349.14,23.9,350,16,350.13,16H267.69V334.78c0,4.28,0,8.51-.18,12.69,0,.52-.05,1-.08,1.56,0,.23,0,.47-.05.71,0,.06,0,.12,0,.18a70,70,0,0,1-35.22,55.56,68.8,68.8,0,0,1-34.11,9c-38.41,0-69.54-31.32-69.54-70s31.13-70,69.54-70a68.9,68.9,0,0,1,21.41,3.39l.1-83.94a153.14,153.14,0,0,0-118,34.52,161.79,161.79,0,0,0-35.3,43.53c-3.48,6-16.61,30.11-18.2,69.24-1,22.21,5.67,45.22,8.85,54.73v.2c2,5.6,9.75,24.71,22.38,40.82A167.53,167.53,0,0,0,115,470.66v-.2l.2.2C155.11,497.78,199.36,496,199.36,496c7.66-.31,33.32,0,62.46-13.81,32.32-15.31,50.72-38.12,50.72-38.12a158.46,158.46,0,0,0,27.64-45.93c7.46-19.61,9.95-43.13,9.95-52.53V176.49c1,.6,14.32,9.41,14.32,9.41s19.19,12.3,49.13,20.31c21.48,5.7,50.42,6.9,50.42,6.9V131.27C453.86,132.37,433.27,129.17,412.19,118.66Z" fill="currentColor"></path></svg></a><a href="https://www.youtube.com/channel/UCkrwgzhIBKccuDsi_SvZtnQ" target="_blank" rel="noreferrer nofollow" aria-label="Youtube Channel"><svg aria-hidden="true" width="24" height="25" viewBox="0 0 24 25" fill="none" xmlns="http://www.w3.org/2000/svg" class="flex-grow-0 flex-shrink-0 w-6 h-6 relative" preserveAspectRatio="xMidYMid meet"><path d="M20.775 8.9874C20.55 7.5249 19.875 6.5124 18.3 6.2874C15.825 5.8374 12 5.8374 12 5.8374C12 5.8374 8.175 5.8374 5.7 6.2874C4.125 6.5124 3.3375 7.5249 3.225 8.9874C3 10.4499 3 12.5874 3 12.5874C3 12.5874 3 14.7249 3.225 16.1874C3.45 17.6499 4.125 18.6624 5.7 18.8874C8.175 19.3374 12 19.3374 12 19.3374C12 19.3374 15.825 19.3374 18.3 18.8874C19.875 18.5499 20.55 17.6499 20.775 16.1874C21 14.7249 21 12.5874 21 12.5874C21 12.5874 21 10.4499 20.775 8.9874ZM9.75 15.9624V9.2124L15.375 12.5874L9.75 15.9624Z" fill="currentColor"></path></svg></a></div></div></footer></div></div><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"_sentryTraceData":"df8041fccced485b908018d2bfd432eb-8e84f4fa6cf68951-1","_sentryBaggage":"sentry-environment=vercel-production,sentry-release=d8aba1cef726c63bf595133a84fffabffaa418d9,sentry-public_key=1611e80d3db34d73a44c914b7be6d330,sentry-trace_id=df8041fccced485b908018d2bfd432eb,sentry-sample_rate=1,sentry-transaction=%2Fauthor%2F%5Bslug%5D,sentry-sampled=true","author":{"ID":56,"display_name":"David Canellis","slug":"david-canellis","description":"David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at david@blockworks.co","url":"","first_name":"David","last_name":"Canellis","status":"0","image":"\u003cimg alt='' src='https://blockworks-co.imgix.net/wp-content/uploads/2022/05/Screenshot-2022-05-02-at-20.17.00-e1651515763548.jpg' srcset='https://blockworks-co.imgix.net/wp-content/uploads/2022/05/Screenshot-2022-05-02-at-20.17.00-e1651515763548.jpg 2x' class='avatar avatar-96 photo avatar-default' height='96' width='96' loading='lazy' decoding='async'/\u003e","image_url":"https://blockworks-co.imgix.net/wp-content/uploads/2022/05/Screenshot-2022-05-02-at-20.17.00-e1651515763548.jpg","twitter":"","linkedin":"","instagram":"","pinterest":"","facebook":"","posts_count":464,"yoast":{}},"articles":[{"id":"94708","permalink":"https://blockworks.co/news/bitcoin-goes-up-when-cz-tweets-gm-a-theory","slug":"bitcoin-goes-up-when-cz-tweets-gm-a-theory","title":"Bitcoin goes up when CZ tweets 'gm': A theory","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/changpeng-zhao.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/changpeng-zhao.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T01:11:19.118Z","publishedAt":"2024-11-22","publishedAtTimestamp":1732266440,"excerpt":"Bitcoin nears $100k two weeks after CZ tweeted gm. Coincidence?","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"Binance","tags":["Binance","Bitcoin","Changpeng “CZ” Zhao"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94657","permalink":"https://blockworks.co/news/bitcoin-close-to-all-time-high-against-gold","slug":"bitcoin-close-to-all-time-high-against-gold","title":"Bitcoin is inches away from cracking all-time high against gold","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/2-pink-bitcoin.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/2-pink-bitcoin.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T01:09:40.101Z","publishedAt":"2024-11-21","publishedAtTimestamp":1732180099,"excerpt":"If gold remains steady today, a single move from bitcoin to $98,500 would do it","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"Bitcoin","tags":["Bitcoin","BTC","Gold"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94617","permalink":"https://blockworks.co/news/microstrategy-bitcoin-bet","slug":"microstrategy-bitcoin-bet","title":"MicroStrategy's bitcoin bet is paying off in more ways than one","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/microstrategy.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/microstrategy.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T01:08:14.735Z","publishedAt":"2024-11-20","publishedAtTimestamp":1732094730,"excerpt":"MicroStrategy’s bitcoin buying has exploded — it now holds 1.7% of the asset’s circulating supply","content":"","primaryCategory":"Business","categories":["Business","Empire Newsletter"],"primaryTag":"BTC","tags":["BTC","Empire Newsletter","MicroStrategy"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94593","permalink":"https://blockworks.co/news/coinbase-asset-management-allocations","slug":"coinbase-asset-management-allocations","title":"Coinbase Asset Management CEO's allocation recommendation","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/token-pile-purple.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/token-pile-purple.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T01:07:05.033Z","publishedAt":"2024-11-19","publishedAtTimestamp":1732025700,"excerpt":"“You’re gonna, at least for a period of time, wish you’d had a million bucks in solana”","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"Coinbase","tags":["Coinbase","Empire Newsletter","investors","Stocks"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94522","permalink":"https://blockworks.co/news/bitcoin-to-flip-gold-needs-10x","slug":"bitcoin-to-flip-gold-needs-10x","title":"Bitcoin's mission to flip gold demands one last 10x","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/fine-gold-bars.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/fine-gold-bars.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T01:05:21.314Z","publishedAt":"2024-11-18","publishedAtTimestamp":1731921310,"excerpt":"If silver and gold both trade flat, bitcoin would need to hit $96k to eclipse silver and $910k to surpass gold","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"BTC","tags":["BTC","Gold"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94478","permalink":"https://blockworks.co/news/450b-behemoth-forging-btc-path-to-100k","slug":"450b-behemoth-forging-btc-path-to-100k","title":"There’s a $450 billion behemoth forging BTC’s path to $100k","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/pink-bitcoin-token.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/pink-bitcoin-token.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T01:01:07.295Z","publishedAt":"2024-11-15","publishedAtTimestamp":1731667053,"excerpt":"The Crypto-Industrial Complex is always churning, gobbling up coins much faster than they can be mined and sold","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"Bitcoin","tags":["Bitcoin","BTC"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94435","permalink":"https://blockworks.co/news/us-cracking-down-on-polymarket","slug":"us-cracking-down-on-polymarket","title":"The US government might be cracking down on Polymarket","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/Polymarket-pink.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/Polymarket-pink.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:59:38.285Z","publishedAt":"2024-11-14","publishedAtTimestamp":1731578281,"excerpt":"FBI agents reportedly confiscated Polymarket CEO Shayne Coplan’s phone and devices on Wednesday","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","People"],"primaryTag":"FBI","tags":["FBI","Polymarket","US politics"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94386","permalink":"https://blockworks.co/news/eth-killers-not-close","slug":"eth-killers-not-close","title":"ETH killers are still no closer to doing the deed","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/07/purple-eth-ethereum.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/07/purple-eth-ethereum.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:58:07.711Z","publishedAt":"2024-11-13","publishedAtTimestamp":1731489300,"excerpt":"Solana is the crowd favorite to potentially flip Ethereum somewhere down the line, and it tends to feel realistic at times","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"ETH","tags":["ETH","Ethereum","SOL","Solana"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94344","permalink":"https://blockworks.co/news/bitcoin-price-discovery-mode","slug":"bitcoin-price-discovery-mode","title":"What needs to happen before bitcoin enters price discovery mode","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/btc-colorful-.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/btc-colorful-.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:56:49.693Z","publishedAt":"2024-11-12","publishedAtTimestamp":1731402783,"excerpt":"BTC continues to smash expectations as it holds near $90,000","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"BTC","tags":["BTC","Empire Newsletter"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94212","permalink":"https://blockworks.co/news/btc-is-trumps-opportunity-to-beat-biden","slug":"btc-is-trumps-opportunity-to-beat-biden","title":"Bitcoin is Trump's next opportunity to beat Biden","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/btc-green-1.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/btc-green-1.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:49:31.596Z","publishedAt":"2024-11-07","publishedAtTimestamp":1730979000,"excerpt":"Biden’s victory in 2020 aligned with a big rally for bitcoin — can Trump beat the Biden bump?","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"BTC","tags":["BTC","Empire Newsletter","Joe Biden"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94098","permalink":"https://blockworks.co/news/btc-election-market-moment","slug":"btc-election-market-moment","title":"Bitcoin’s election market moment has arrived","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/bitcoin.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/bitcoin.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:46:38.540Z","publishedAt":"2024-11-05","publishedAtTimestamp":1730806200,"excerpt":"Predictions that the US election will fuel bitcoin’s price are set to be tested","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"bitcoin halving","tags":["bitcoin halving","BTC","Elections","Empire Newsletter"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"94044","permalink":"https://blockworks.co/news/btc-further-from-all-time-high","slug":"btc-further-from-all-time-high","title":"Bitcoin is further away from all-time high than you think","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/btc-neon.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/btc-neon.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:45:11.395Z","publishedAt":"2024-11-04","publishedAtTimestamp":1730711393,"excerpt":"It turns out that bitcoin never actually hit an all-time high in March. Thanks a lot, inflation.","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"BTC","tags":["BTC","Empire Newsletter","SOL"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93995","permalink":"https://blockworks.co/news/metaverse-coin-trump-linked-token-commonality","slug":"metaverse-coin-trump-linked-token-commonality","title":"What a metaverse coin and a Trump-linked stock have in common","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/trump.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/11/trump.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:40:52.189Z","publishedAt":"2024-11-01","publishedAtTimestamp":1730452185,"excerpt":"Why that the bull market might not start until 2025","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"Donald Trump","tags":["Donald Trump","Empire Newsletter","metaverse","social media"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93979","permalink":"https://blockworks.co/news/solana-memecoins-all-time-high","slug":"solana-memecoins-all-time-high","title":"A memecoin market flippening could be underway","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/solana.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/solana.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:39:39.829Z","publishedAt":"2024-10-31","publishedAtTimestamp":1730383200,"excerpt":"Solana memecoins are collectively at an all-time high","content":"","primaryCategory":"Analysis","categories":["Analysis","Lightspeed Newsletter"],"primaryTag":"Lightspeed Newsletter","tags":["Lightspeed Newsletter","meme coins","Solana"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93965","permalink":"https://blockworks.co/news/coinbase-safeguarding-crypto","slug":"coinbase-safeguarding-crypto","title":"Coinbase safeguards more of crypto than you might think","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/brian-armstrong-1.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/brian-armstrong-1.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:42:06.240Z","publishedAt":"2024-10-31","publishedAtTimestamp":1730374200,"excerpt":"Coinbase’s final total for Q3: $331 billion, the equivalent of 15% of the total crypto market cap at the time","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"Coinbase","tags":["Coinbase","earnings","Empire Newsletter"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93909","permalink":"https://blockworks.co/news/eth-sol-playing-catch-up-btc","slug":"eth-sol-playing-catch-up-btc","title":"ETH and SOL are playing catch up with BTC","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/btc-glitch.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/btc-glitch.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:38:00.384Z","publishedAt":"2024-10-30","publishedAtTimestamp":1730280381,"excerpt":"Bitcoin stopped $175 short of setting a new price record on Tuesday evening","content":"","primaryCategory":"Empire Newsletter","categories":["Empire Newsletter","Markets"],"primaryTag":"BTC","tags":["BTC","Empire Newsletter","ETH","SOL"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93858","permalink":"https://blockworks.co/news/base-dex-volume-decentralization","slug":"base-dex-volume-decentralization","title":"Could exchanges decentralize themselves out of existence?","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/base.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/base.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:36:59.537Z","publishedAt":"2024-10-29","publishedAtTimestamp":1730193809,"excerpt":"Base DEX volumes have now eclipsed Kraken’s","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"Base","tags":["Base","DEXs","Empire Newsletter","kraken"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93831","permalink":"https://blockworks.co/news/memecoin-rivalry-ethereum-solana","slug":"memecoin-rivalry-ethereum-solana","title":"One of crypto's greatest rivalries boils down to memecoins","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/solana-eth.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/solana-eth.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:35:09.739Z","publishedAt":"2024-10-28","publishedAtTimestamp":1730115000,"excerpt":"The public perception of SOL and ETH rests in the hands of memecoins traders","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"DEXs","tags":["DEXs","Empire Newsletter","Ethereum","meme coins","Solana"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93769","permalink":"https://blockworks.co/news/ethereum-layer-2-blockspace","slug":"ethereum-layer-2-blockspace","title":"A chain for every app is the new crypto meta","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/ethereum-neon-pink.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/ethereum-neon-pink.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:30:47.856Z","publishedAt":"2024-10-25","publishedAtTimestamp":1729847852,"excerpt":"Kraken’s launch of Ink will be the Superchain’s 24th fully participating network","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"Base","tags":["Base","Empire Newsletter","Ethereum","kraken","layer-2"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]},{"id":"93714","permalink":"https://blockworks.co/news/ai-new-favorite-memecoin","slug":"ai-new-favorite-memecoin","title":"GOAT is no longer Truth Terminal’s largest holding","type":"post","typeLabel":"Posts","isSticky":false,"imageUrl":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/goatse.jpg","thumbnail":{"url":"https://blockworks-co.imgix.net/wp-content/uploads/2024/10/goatse.jpg","dimensions":{"width":"150","height":"150"}},"blurhash":null,"lastUpdate":"1970-01-21T00:30:25.981Z","publishedAt":"2024-10-24","publishedAtTimestamp":1729761516,"excerpt":"The AI bot has another favorite memecoin","content":"","primaryCategory":"Analysis","categories":["Analysis","Empire Newsletter"],"primaryTag":"Artificial Intelligence","tags":["Artificial Intelligence","Empire Newsletter","meme coins"],"authors":[{"title":"David Canellis","id":56,"slug":"david-canellis"}]}],"meta":{"title":"Posts of David Canellis","description":"David is an Editor based in the Netherlands focused on data-driven journalism. Previously, he wrote for TheNextWeb's crypto vertical before launching Protos in 2021. He's a reformed hardline Bitcoiner passionate about permissionless and decentralized networks. Contact David at david@blockworks.co"}},"featureFlags":{"grants":true,"notifications":false},"__N_SSG":true},"page":"/author/[slug]","query":{"slug":"david-canellis"},"buildId":"9YUqKnqxscYuoVjCqd9N0","isFallback":false,"isExperimentalCompile":false,"gsp":true,"appGip":true,"scriptLoader":[]}</script><script>(function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'8e737159bdbbce4f',t:'MTczMjM4ODg1My4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body></html>