Riding The Wave

Riding The Wave

Share this post

Riding The Wave
Riding The Wave
Riding The Wave News Summary 112

Riding The Wave News Summary 112

Former FTX US President lashes out at ‘insecure’ SBF in 49-part Twitter thread rant, Republican Lawmakers Push Crypto Regulation with New House Subcommittee, & more.

Thomas Holland's avatar
Thomas Holland
Jan 16, 2023
∙ Paid
1

Share this post

Riding The Wave
Riding The Wave
Riding The Wave News Summary 112
Share

Welcome to Riding The Wave. If you have questions or feedback, please reply to this email. If you are new to the Newsletter, please check out what we provide on our about page and consider subscribing. Within the Newsletter, I provide News Summaries, Weekly Status Updates, & Deep Dive Articles on Specific Topics (Ex: How do I pick which coins/tokens to buy?). More details here


News

Table of Contents

  1. Tweets

  2. Former FTX US President lashes out at ‘insecure’ SBF in 49-part Twitter thread rant

  3. Republican Lawmakers Push Crypto Regulation with New House Subcommittee

  4. Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

  5. One of the largest US colleges has begun teaching students about Bitcoin


Tweets

Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
BREAKING: ​FTX allowed by bankruptcy judge to sell LedgerX and other assets.
4:10 PM ∙ Jan 13, 2023
851Likes136Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
This is not a new bull cycle. Be careful.
6:19 PM ∙ Jan 13, 2023
3,930Likes405Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
BNY Mellon ($43 trillion AUC): Ignoring crypto would be like sticking with paper and not adopting a computer
6:40 PM ∙ Jan 13, 2023
1,374Likes359Retweets
Twitter avatar for @Dennis_Porter_
Dennis Porter @Dennis_Porter_
The #Bitcoin doubters will feel pain soon. HODL.
Image
12:56 AM ∙ Jan 13, 2023
1,851Likes328Retweets
Twitter avatar for @rektcapital
Rekt Capital @rektcapital
#BTC is in a transitional phase It's bordering on the Bear Market ending & new Bull Market beginning This phase could take a few months & new lows can't be entirely ruled out just yet But it's great to see there is finally light at the end of the tunnel $BTC #Crypto #Bitcoin
3:21 PM ∙ Jan 13, 2023
104Likes14Retweets
Twitter avatar for @karl_0x
Karl @karl_0x
free monthly alpha, enjoy
Image
6:56 PM ∙ Jan 12, 2023
3,469Likes726Retweets
Twitter avatar for @Route2FI
Route 2 FI @Route2FI
These 4 were the biggest winners in the 2021 bull run among the top tokens: 1. $LUNA (up 180x) 2. $MATIC (up 160x) 3. $SOL (up 150x) 4. $FTM (up 140x) Which tokens do you predict will have a crazy run in 2023 (if any at all)?
12:37 PM ∙ Jan 13, 2023
1,439Likes146Retweets
Twitter avatar for @therationalroot
Root 🥕 @therationalroot
Making an attempt for Realized Price — the average purchase price of #Bitcoin at $19.7k. Longest period below Realized Price was the 2015 bear market.
Image
9:09 PM ∙ Jan 13, 2023
258Likes40Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
If you believe crypto is going to new ATHs, ask yourself this this first: Do people have money?
9:26 AM ∙ Jan 14, 2023
3,482Likes303Retweets
Twitter avatar for @DocumentingBTC
Documenting ₿itcoin 📄 @DocumentingBTC
₿REAKING: $82,000,000 worth of #bitcoin short trades just got liquidated - More short positions than any day since July of 2021.
11:54 PM ∙ Jan 13, 2023
5,205Likes926Retweets
Twitter avatar for @WClementeIII
Will Clemente @WClementeIII
Bitcoin is now trading back above its cost basis (realized price) for the first time in months. In other words: In aggregate, the market is no longer underwater at the moment.
Image
12:01 AM ∙ Jan 14, 2023
869Likes98Retweets
Twitter avatar for @real_vijay
Vijay Boyapati @real_vijay
This is nothing. Just think about what happens when the Fed pivots right around the halving.
12:50 AM ∙ Jan 14, 2023
725Likes59Retweets
Twitter avatar for @100trillionUSD
PlanB @100trillionUSD
So far so good! BTC now crossed STH price (light blue) and Realized price (black). Next targets: 200WMA $25K and 2Y Realized price $32K (dark blue).
Twitter avatar for @100trillionUSD
PlanB @100trillionUSD
My 2 sats on #bitcoin price: - November 2022 low of $15,5K was the bottom - BTC has crossed Short Term Holder (STH) and will rise into 2024-halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal. - 2024 halving will be >$32K - 2025 bull market >$100K https://t.co/0QtbeOXwsG
11:41 AM ∙ Jan 14, 2023
2,153Likes317Retweets
Twitter avatar for @CaitlinLong_
Caitlin Long 🔑⚡️🟠 @CaitlinLong_
DON'T FORGET--illiquid markets are easier for manipulators to manipulate than liquid markets. No clue if this rally is sustainable but be careful--lots of leverage still to be liquidated (based on publicly available info) & many people have incentives to pump prices short-term.🚧
9:59 PM ∙ Jan 13, 2023
1,188Likes174Retweets
Twitter avatar for @CryptoCapo_
il Capo Of Crypto @CryptoCapo_
I feel completely disappointed with other big accounts around here, with whom I have interacted always in a good way. Despite the fact that they have shilled bad exchanges and crap projects, and have been wrong throughout the entire bear market, they feel entitled to mock others.
8:43 AM ∙ Jan 14, 2023
4,788Likes148Retweets
Twitter avatar for @GarethSoloway
Gareth Soloway @GarethSoloway
Warning from someone who has seen 25 yrs trading bull/bear markets in #Stocks, #Commodities #Crypto. Bear market rallies make you believe a new bull is here. #FOMO off 30% $BTC run is insane. Note $TSLA chart, multiple 30-50% bounces. BTC hasnt taken #FTX collapse high out...
Image
1:51 PM ∙ Jan 14, 2023
2,978Likes381Retweets
Twitter avatar for @MacroScope17
MacroScope @MacroScope17
Mind the gap. It should close. Main questions are timeframe (may have already started in past 24 hours) and relative prices when it happens.
Twitter avatar for @jimmyvs24
James V. Straten @jimmyvs24
Before the #ftx collapse #BTC had an 83% correlation to #gold, ultimately correlation went away due to fraud within the crypto space, which had nothing fundamentally to do with #BTC Expect to see this gap close, something @MacroScope17 has talked about for a while https://t.co/UHP2lQzTQX
1:26 PM ∙ Jan 14, 2023
96Likes14Retweets
Twitter avatar for @novogratz
Mike Novogratz @novogratz
Two unconventional ideas on why crypto is ripping to add to the obvious ones… 1. BOJ injecting huge liquidity this past week QE a lot!!! 2. China backing away on regulatory enforcement (tech and crypto).. China retail RE-engaging a story to watch in 2023
2:43 PM ∙ Jan 14, 2023
394Likes46Retweets
Twitter avatar for @Itsdehamza
Hamza @Itsdehamza
Extreme RSI overbought reading. This is the most overbought the RSI has ever been in the entire down only era of 430 days. Bull markets do not start this way. In the same way as previous rallies, this one is likely to fade away as well. #Bitcoin
Image
10:50 AM ∙ Jan 14, 2023
725Likes81Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
🚨 Nancy Pelosi just dumped millions in stocks As usual she knows something we don’t, keep eyes on charts 📉
Image
7:38 PM ∙ Jan 14, 2023
4,568Likes1,343Retweets
Twitter avatar for @BitcoinPierre
Pierre Rochard @BitcoinPierre
Bull trap or not, this week was a significant move for #bitcoin's exchange rate
Image
12:06 AM ∙ Jan 14, 2023
525Likes107Retweets
Twitter avatar for @Mr_Derivatives
Heisenberg @Mr_Derivatives
$SPY Chart Update: Upside target if MOAT breaks convincingly: 418.49 gapfill Downside target if MOAT holds convincingly: 372.42 gapfill Every financial news outlet will talk about the MOAT (Mother of All Trendlines breaking/holding). Fireworks coming soon. This will be fun...
Image
7:51 PM ∙ Jan 14, 2023
399Likes61Retweets
Twitter avatar for @DocumentingBTC
Documenting ₿itcoin 📄 @DocumentingBTC
₿REAKING: ~$4,000,000,000 worth of long #bitcoin futures trading positions were bought within the last few hours!
2:12 AM ∙ Jan 14, 2023
3,557Likes528Retweets
Twitter avatar for @BobLoukas
Bob Loukas @BobLoukas
If the 4year cycle low is in, as I believe, it’s really very hard to miss just how well $eth performed (relatively). As it gets asked often, my long term stack is 50:50. (Yes anon pls tell me it’s a shitcoin, because my wallets really care.)
8:39 PM ∙ Jan 14, 2023
1,704Likes93Retweets
Twitter avatar for @ki_young_ju
Ki Young Ju @ki_young_ju
For the past 3 hours, someone(s) just bought ~$4B worth of $BTC futures in market orders, and $87M short positions liquidated across all exchanges. cryptoquant.com/asset/btc/char…
Image
1:42 AM ∙ Jan 14, 2023
5,622Likes1,161Retweets
Twitter avatar for @TheCryptoLemon
Lemon 🍋 @TheCryptoLemon
Sorry, I have to be true to my thoughts, I think we are here. #Bitcoin
Image
Image
9:30 AM ∙ Jan 14, 2023
3,256Likes555Retweets
Twitter avatar for @BTC_Archive
Bitcoin Archive @BTC_Archive
#Bitcoin just had the biggest weekly gain in 100 weeks (since Feb 2021). 🚀
Image
8:40 PM ∙ Jan 14, 2023
5,282Likes828Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
BREAKING: McDonald’s to enter metaverse this year.
8:27 AM ∙ Jan 15, 2023
2,748Likes436Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
BREAKING: Google Chrome security vulnerability detected could lead to crypto wallet stealing
3:42 PM ∙ Jan 15, 2023
2,368Likes603Retweets
Twitter avatar for @therationalroot
Root 🥕 @therationalroot
What a break out! Below a comparison with previous occasions. #Bitcoin
Image
10:11 PM ∙ Jan 15, 2023
242Likes43Retweets
Twitter avatar for @TheRealPlanC
Plan©️ @TheRealPlanC
After enduring another #Bitcoin bear market, the inevitable return to red will be glorious. #BTC
Image
4:57 PM ∙ Jan 15, 2023
734Likes137Retweets
Twitter avatar for @rektcapital
Rekt Capital @rektcapital
What if this is the beginning of 3 bullish years for #BTC? $BTC #Crypto #Bitcoin
Image
9:24 PM ∙ Jan 15, 2023
538Likes63Retweets
Twitter avatar for @TheCryptoLark
Lark Davis @TheCryptoLark
If 2023 is a similar year to 2019 then we will see #bitcoin and #ethereum go up a couple hundred percent and many altcoins will do 10-20X moves. C'mon Satoshi, let's make this happen!
9:16 PM ∙ Jan 15, 2023
523Likes50Retweets
Twitter avatar for @TheRealPlanC
Plan©️ @TheRealPlanC
Well, that escalated quickly. #Bitcoin 89.3 | Jan 8, 2021 89.2 | Jan 14, 2023
Image
6:27 PM ∙ Jan 15, 2023
305Likes34Retweets
Twitter avatar for @100trillionUSD
PlanB @100trillionUSD
BTC playing catch-up with S&P (S&P implied BTC price $54K)
Image
3:08 PM ∙ Jan 15, 2023
1,925Likes293Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
Scaramucci sees #bitcoin at $50,000 to $100,000 in 2-3 years. Is he going to be right?
12:15 AM ∙ Jan 16, 2023
258Likes19Retweets

Former FTX US President lashes out at ‘insecure’ SBF in 49-part Twitter thread rant

Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US’ management structure.

Harrison shared his experiences with Bankman-Fried and FTX US on Dec. 14, explaining how he was hired “casually over text” in March 2021 after working together at New York-based trading firm Jane Street for a few years.

But six months into Harrison’s tenure at FTX US, “cracks began to form” between the two, he said.

Despite recalling Bankman-Fried to be a “sensitive and intellectually curious person” at first, Harrison said he saw “total insecurity and intransigence” in Bankman-Fried when confronted with conflict, particularly when Harrison suggested FTX US establish separate branches for its executive, developer and legal teams.

Part of that irrational behavior Harrison describes included a series of gaslighting and manipulation tactics Bankman-Fried used against Harrison and other colleagues in their bid to clean up FTX US’ corporate mess.

Harrison also recalled his last attempt to fix FTX US’ organization issues with Bankman-Fried, claiming that he threatened to “destroy my professional reputation” if a formally apology wasn’t received

Full Article


Republican Lawmakers Push Crypto Regulation with New House Subcommittee

After assuming control of the House of Representatives, Republicans are forming what they are calling a first-of-its-kind congressional group focused on digital assets.

The new Subcommittee on Digital Assets, Financial Technology and Inclusion was announced Thursday by Congressman Patrick McHenry (R-NC), as other subcommittees for the House Financial Services Committee were put forth

McHenry said he believes there’s “a big hole in how we structure the committee,” as it spends more resources on topics related to the digital asset sector instead of the larger financial industry, Politico reported Thursday.

The new panel will provide “rules of the road” for federal regulators of the digital asset ecosystem, as well as develop policies that reach underserved communities through the promotion of financial innovation, according to a recent press release.

The panel’s creation comes as multiple pieces of crypto-related legislation work their way through the legislative process, such as the Lummis-Gillibrand Responsible Financial Innovation Act—introduced in the Senate in June of last year—and more recently, The Stablecoin TRUST Act, introduced by former Republican Senator Patrick Toomey in the final weeks of his Congressional career.

Hill is no stranger to crypto policy initiatives. In 2021, Hill co-sponsored a bill that required the Board of Governors of the Federal Reserve System to study the potential impact of a U.S. Central Bank Digital Currency (CBDC), calling it “important work” when the report was eventually released.

He also floated the possibility of speaking with companies such as Binance, focussing on what role it played in FTX’s collapse after CEO Changpeng Zhao telegraphed his company’s move to sell its holdings of FTT—and later abandoned its buyout of Sam Bankman-Fried’s now-bankrupt exchange.

“I look forward to learning more from FTX and Binance in the coming days about these events and the steps they will take to protect customers during the transition,” McHenry stated.

Full Article


Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

Keep reading with a 7-day free trial

Subscribe to Riding The Wave to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Thomas Holland
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share