1313x
VeradiVerdict - Issue #315
The Pantera Bitcoin Fund recently hit an impressive return of 1313x!
Dan Morehead had early and strong conviction on Bitcoin and the blockchain industry, evident by this email:
Dan explains the logic behind Bitcoin for an asset allocator and what’s exciting about the industry and its potential going forward in the latest Pantera Blockchain Letter.
The conviction and mission of Dan and the firm are what enticed me over 10 years ago to join Pantera.
The fundamentals of the technology and the macro environment are finally accelerating together in an extremely positive direction and this is the best time to be investing and building in the sector!
Happy early Thanksgiving and here’s to some fun crypto conversations at the turkey dinner
Coindesk had an article on a few talking points for the meal
- Paul Veradittakit
DIGESTS
Fed, US Economic Data Could Set Crypto Market Tone Short-Term: Analysts
Crypto investors await key inflation data Wednesday as Fed meeting minutes could hint at a December rate cut.
BUSINESS
Dogecoin, Solana Post Double-Digit Losses as Crypto Market Momentum Stalls
Too much leverage has led to an inevitable pause in the crypto market, but this is largely seen as a healthy correction, analysts argued.
Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions
Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity.
REGULATION
SEC Rakes in $8.2B in Penalties for 2024, Over Half Tied to Terraform Labs
While the SEC touts its enforcement as a win for investors, the crypto industry is rejoicing over Chair Gary Gensler's imminent departure.
Dogecoin Foundation Seeks Backing to Fuel 2025 Plans
The Dogecoin Foundation is seeking donors to fuel its Dogebox initiative, with the aim of driving mass adoption.
NEW PRODUCTS AND HOT DEALS
Solana DeFi Exchange Jupiter Puts $1.5 Billion Worth of JUP Airdrops Up to Vote
Jupiter is letting the community decide whether or not 1.4 billion JUP tokens—about $1.5 billion worth—should go towards future airdrops.
Coinbase App Gets Left Behind as Memecoin Craze Drives Traders On-Chain
Phantom, a crypto wallet with a steeper learning curve, is ahead of exchange giant Coinbase in the Apple App Store rankings.
LETS MEET UP
Los Angeles, November 29
New York City, December 12
Walks and coffee meetings in San Francisco throughout the year!
ABOUT ME
Hi, I’m Paul Veradittakit, a Managing Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.