TechFlow, Dec 24 — Garrett Jin, co-founder of XHash and suspected operator of the "1011 insider address," posted on social media that going long on the Nasdaq index while shorting Coinbase has consistently been a successful investment strategy. This divergence indicates that U.S. equities are migrating on-chain, which benefits the Nasdaq index and Ethereum but disadvantages high-frequency trading players like Citadel and Robinhood, as profits will be redistributed.
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