Here's the 114 page report, plus addendum, from months ago....
https://boombustblog.com/compo... https://twitter.com/Cointelegr...

这是几个月前的 114 页报告和附录……
https://boombustblog.com /compo... https://twitter.com/Cointelegr...

Uhhh... A little late to the party, no? https://twitter.com/ReggieMidd... https://twitter.com/Cointelegr...

呃……派对有点晚了，不是吗？

小号

RT: @Cointelegraph @ReggieMiddleton, who you ignore unless the news allegations are negative, exposed this pattern, specific to @coinbase weeks ago. You can only run from @ReggieMiddleton for so long! 🧐

RT：@Cointelegraph @ReggieMiddleton，除非新闻指控是负面的，否则你会忽略他，暴露了这种模式，特定于 @coinbase 几周前。你只能从@ReggieMiddleton 跑这么久！ 🧐

@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 I understand constraints working for a bank that solicits underwriting business puts on you, seriously. No offense is meant. I'm a guy that says the truths that you can't. That's why @Veritaseuminc, element of truth https://twitter.com/ReggieMidd...

@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 我理解为一家招揽承销业务的银行工作的限制对你来说是严肃的。没有冒犯的意思。我是一个说出你不能说出的真相的人。这就是为什么@Veritaseuminc，真理元素 https://twitter.com/ReggieMidd...

@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 @coinbase It stings to have some guy on Twitter doing this, but I really do understand the constraints that working for a bank that strives to solicit underwriting business puts on you, seriously. I'm the guy that says the truths that you can't. That's why @Veritaseuminc, element of truth https://t.co/ppHmaFuMIx

@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 @coinbase 让 Twitter 上的某个人这样做很刺痛，但我真的很理解为一家努力招揽承销业务的银行工作给你带来的限制，说真的。我是那种说出你不能说出的真相的人。这就是为什么@Veritaseuminc，真理元素 https://t.co/ppHmaFuMIx

Since analysts won't chip, I'll say it: $COIN cash burn rate dictates need for capital raise in ~8 quarters w/ rising rates & valuations halved. Expect big bank/fund (w. securities licenses) bottom feeding. SEC's goal? This is good for me since my IP's ensconced in the biz model https://twitter.com/ReggieMidd...

由于分析师不会筹钱，我会这么说：$COIN 现金消耗率表明需要在大约 8 个季度内筹集资金，同时利率上升

Only if... https://twitter.com/LBRYcom/st...

仅当... https://twitter.com/LBRYcom/st...

@pdawg74 Blackrock is almost solely institutional and UNHW. Thier client base has investment staff. It's not about older folks.

@pdawg74 Blackrock 几乎完全是机构和 UNHW。他们的客户群有投资人员。这与老年人无关。

RT: @Coinbase cash dropped by $1B in Q1. Q2 saw worse macro, markets & fundamentals yet they only burned ~$500m of cash. How? Financial engineering, by unifying USD/USDC before Q2 end, just in time to save USD. But does $USDC = USD? I don't think so. Reference https://boombustblog.com/compo... https://twitter.com/ReggieMidd...

RT：@Coinbase 现金在第一季度下降了 1B 美元。第二季度宏观市场表现更差

@Coinbase cash dropped by $1B in Q1. Q2 saw worse macro, markets & fundamentals yet they only burned ~$500m of cash. How? Financial engineering, by unifying USD/USDC before Q2 end, just in time to save USD. But does $USDC = USD? I don't think so. Reference https://boombustblog.com/compo... https://twitter.com/ReggieMidd...

@Coinbase 现金在第一季度下降了 $1B。第二季度宏观市场表现更差

RT: @BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 @Coinbase Q2 EXACTLY as I warned. $COIN did NOT "surprise" to the downside. They also failed to disclose patent infringement notice & analysts tagged here should note cashflow sans financing has ALWAYS been negative! https://t.co/DTYNleuiFl

RT：@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 @Coinbase Q2 正如我警告的那样。 $COIN 并没有“意外”下跌。他们也没有披露专利侵权通知

A very important tweet. 5 sell side analysts are tagged in it, all follow Coinbase for their respective banks. Not once was the issue of margin compression due to IP infringement or history of negative operating cash flow been brought up. I'm alone in getting Q2 right. Come guys! https://twitter.com/ReggieMidd...

一条非常重要的推文。其中标记了 5 位卖方分析师，他们都关注 Coinbase 各自的银行。由于知识产权侵权或负经营现金流的历史而导致的利润率压缩问题从未被提出。只有我一个人能把 Q2 弄好。来吧伙计们！ https://twitter.com/ReggieMidd...

@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 @Coinbase Q2 EXACTLY as I warned. $COIN did NOT "surprise" to the downside. They also failed to disclose patent infringement notice & analysts tagged here should note cashflow sans financing has ALWAYS been negative! https://t.co/DTYNleuiFl

@BernsteinBolu @PalmerBTIG @StephenGlagola @ddolev @JohnTodaro1 @Coinbase Q2 正如我警告的那样。 $COIN 并没有“意外”下跌。他们也没有披露专利侵权通知

RT: BREAKING: Robinhood, $HOOD, must face market manipulation claims over trading restrictions during last year's "Meme stock" rally, per a US judge.

RT：突发：Robinhood，$HOOD，在去年的“Meme 股票”反弹期间，必须面对市场操纵的指控，因为交易限制是美国法官的说法。

RT: Also included are Clayton's responses to senators' written questions submitted after the hearing. On page 56, @SenSasse asks Clayton what authority the SEC has when there's a dispute over whether a digital asset is considered a security. Full transcript 👇
https://www.govinfo.gov/conten...

RT：还包括克莱顿对听证会后提交的参议员书面问题的回应。在第 56 页，@SenSasse 询问克莱顿，当数字资产是否被视为证券存在争议时，SEC 有什么权力。完整成绩单👇
https://www.govinfo.gov/conten.. .

The SEC under @GaryGensler has made it clear that they believed the Hinenan speech was personal opinion, norvre I representitive of SEC policy nor market guidance. Problem is SEC Cpmmissioner Jay Clayton said the opposite, and now Gensler's SEC has changed they mind as well. Hmm! https://twitter.com/EleanorTer...

@GaryGensler 领导下的 SEC 明确表示，他们认为 Hinenan 的演讲是个人观点，不代表 SEC 政策或市场指导。问题是 SEC Cpmmissioner Jay Clayton 说的相反，现在 Gensler 的 SEC 也改变了主意。唔！ https://twitter.com/EleanorTer...

@bitlosophy They will likely be buying OTC at negotiated bulk prices. Don't expect this to be filtered through typical exchange trades.

@bitlosophy 他们可能会以协商好的批量价格购买场外交易。不要指望这会通过典型的交易所交易过滤掉。

@pdawg74 Certain investors charters require an institutional custodian, but many of those charters are being modified.

@pdawg74 某些投资者章程需要机构托管人，但其中许多章程正在修改。

@pdawg74 Blackrock is almost solely institutional and UNHW. Thier client base has investment staff. It's not about older folks.

@pdawg74 Blackrock 几乎完全是机构和 UNHW。他们的客户群有投资人员。这与老年人无关。

Blackrock is offering a spot #Bitcoin private trust, not a public, exchange-traded fund (ETF).
There's a distinct difference. Of course, that does beg the question, why pay fees for someone to buy and hold bitcoin for you? This is spot #Bitcoin-ish! https://twitter.com/bitlosophy...

Blackrock 提供了一个位置