Flash Boys
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
In the country that mattered most—the one country whose financial regulators chased people outside of their borders, and enforced its rules around the globe—Sam would personally take the lead. He’d set out to persuade the United States government to regulate crypto and punish those who…
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Someone out there was using the fact that stock market orders arrived at different times at different exchanges to front-run orders from one market to another.
Michael Lewis • Flash Boys: A Wall Street Revolt
Despite strong technology players like Stripe, Square, PayPal, and Robinhood, traditional banks are still dominant.
Seth Rosenberg • First Principles of Investing in FinTech
From 2019 on, he only spoke of FTX. He thought FTX was the only real threat to his position.” A threat in which he was, weirdly, the second-largest shareholder, after Sam.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Which is why, when Sam took in the situation, he decided that Binance’s strategy was unsustainable. That the smart thing to do was to be the world’s most law-abiding and regulator-loving exchange. FTX could use the law, and the regulators, to drive crypto trading from Binance and onto FTX. If countries did not…
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