Miners are a cost curve, and the cost curve keeps moving
It traded at 12.56, -2.75% on the session. Every efficiency gain a miner makes is competed away by the network's own design.
Free 4 min read
MARACOIN
Stock
COIN
COIN
Delayed
Notes mentioning COIN
5The exchange is a fee business wearing a volatility costume
It traded at 199.26, +1.29% today. Owning the venue is a bet on turnover, which is not the same bet as owning the asset.
Free 4 min read
COINMSTR
Staking yield only matters against the risk-free rate
ETH pays a native yield to those who stake it. On its own that number means little. Next to the yield on government bills, it becomes an argument.
Free 2 min read
ETHCOIN
The quiet revenue at an exchange is custody
Trading fees make the headlines and swing with the market. Custody and interest on customer balances are the revenue that holds up when trading goes quiet.
Free 2 min read
Stablecoin supply is the crypto market's money supply
Stablecoins are the dollars of the crypto economy. When their supply grows, there is more money waiting to be deployed; when it shrinks, liquidity is leaving.
Free 2 min read
COINETH