HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.

2014 -> Karpeles / MtGox 2018 -> Bitconnect / Coincheck / etc.. 2022 -> SBF / FTX 2026 -> Justin Sun / TRX Every bear market claims a scalp.

Nice knowing everyone 🫡

Soon Hyperliquid will have a wide selection of spot and perpetual RWAs to complement their crypto listings. And then they’ll have crypto and equity options. And then they’ll have prediction markets and sports betting. And then they’ll have native borrowing and lending on

Novo implies on the earnings call just now Galaxy had a client that sold $9b worth of bitcoin at least partially due to quantum

Starting to like crypto a little again Shit was vile for the last year or so Bear markets are the best thing that happen to this asset class, gives at least a couple quarters where discourse isn't retarded, grifty and disgusting

I’ve been waiting for someone to ask this, because I’ve actually been inside this machine. I operated as a market maker on the Pacific Options Exchange, so I’ve seen firsthand how arbitrage desks and pros really move price. Right now Bitcoin futures alone are around $49B, about

$IBIT already approaching bear flag target zone

This was the highest volume day on $IBIT, ever, by a factor of nearly 2x, trading $10.7B today. Additionally, roughly $900M in options premiums were traded today, also the highest ever for IBIT. Given these facts and the way $BTC and $SOL traded down in lockstep today (normally

It must be said that Mrs Ptardio did issue a firm warning against investing a large portion of our pension into Solana.

Being in the “HK fund” Asia circle, a few antithesis here 1. HK has no tax whatsoever (no cap gains), so the “tax-free harvesting” angle is mostly from US lens 2. We are DDing the of the biggest Bitcoin options strat fund in HK, and nothing sus from their recent months' perf

btc and anthropic r unironically the same trade ai automation -> unemployment -> helicopter money -> hard asset moon

For 50 yrs we treated the supremacy of asset-light businesses as a permanent economic law But if AI commoditizes asset-light businesses, we’d just be reverting to the historical mean where value accrued to atoms, infrastructure, energy It would be a 50 year blip. An anomaly

The crypto gave dancing articles have appeared very quickly. Makes me think this bear could be shorter than most expect.

The political establishment in Europe is increasingly behaving as it did during the Inquisition when Galileo was punished for simply describing reality. “And yet it moves”, dared to say Galileo.

Hmmmm…

Unpopular opinion Crypto market participants are panicking over issues and threats that don't even exist 😏

How the climate consensus was manufactured👇 They turned 1.59% into 97%... SCIENCE!!!

$SOL 🟣🟢 Weekly RSI is now its lowest in HISTORY. MACD, second lowest in history. Solana, it's not for tourists.

Imagine what the world could have achieved with $16 trillion. If you want to know why the West has declined for the last 20 years, it's because we blew all this capitol on a folly.