Head of Growth @adjacentmarkets Former @grayscale and @foundryservices. Infinitely curious about global markets.
Rochester, NY
Joined May 2012
- Tweets1.1K
- Following1.7K
- Followers893
- Likes7.8K
Pinned Tweet
Incredibly grateful to be back in builder mode with one of the smartest teams in the space.
We are excited to announce we have raised a pre-seed from @carterkev at Night Capital, @vaneck_us, @eightyhi and @nostroah at @ufo_holdings, @Maven11Capital and @DCGco to build an independent index business for event contracts and prediction markets.
adjacent.markets
Let’s go Celtics! 🍀
We are excited to announce our latest index family, BTI.
The Basketball Team Index (BTI) is a collection of 30 NBA team indices. Every season vintage has four fully invested sleeves for each team, starting at 1000 base each season.
BTI is composed of equal weighted contracts:
- Championship Winner
- Conference Winner
- Division Winner
- Team Regular Season Win Totals
Check out our full post on it press.adj.news/p/launching-n…
ALT BTI Basketball Team Index launch card
Jeff Burkey retweeted
Everyone is panicking. That is usually the tell.
CNN's Fear & Greed Index just flushed from 47 to about 18 in days, deep into Extreme Fear. The last two times sentiment cracked below 25, October 2025 and April 2026, stocks bottomed within weeks. Extreme Fear is a contrarian signal. The crowd is loudest at the turn. $SPX
Jeff Burkey retweeted
Really enjoyed being back on Odd Lots with @TheStalwart and @tracyalloway. Would indeed have been fun to debate perps with Terry Duffy. We clearly have different views…
Following my prediction on last year's recording that in 10 years compute will be bigger than oil, this year I revealed the name we use at DRW for the profit margin between tokens and GPUs: the crunch spread.
Oil into fuel: crack spread. Soybeans into meal and oil: crush spread. Nat gas into power: spark spread. As with those markets, futures on both the GPU hours and tokens eventually will let you trade—and hedge—the crunch.
Listen to Odd Lots on Spotify: open.spotify.com/show/1te7oS…
Listen to Odd Lots on YouTube: youtube.com/playlist?list=PL…
Listen to Odd Lots on Apple Podcasts: podcasts.apple.com/us/podcas…
👀
Also in the $HSCS proxy: Houlihan Capital's fairness opinion on the deal.
They valued Fortitude's equity at $206m to $428m, using peers like $MARA, $RIOT and $CLSK, and 10x [!] estimated FY27 EBITDA based on management's December 2026 run-rate.
That was mid-June, with ZEC around $400[!].
Since then:
- ZEC approx 3x to $1,200
- Priority Bitmain allocation for next-gen miners (up to $100m LOI)
Today we trade at c. $350m pre deal close.
Jeff Burkey retweeted
BREAKING: A Tesla–SpaceX merger could be announced before Tesla’s annual meeting in early December, per Barclays.
The most likely structure: SpaceX acquires Tesla in an all-stock deal, with Tesla shareholders getting about 0.7 SpaceX shares per Tesla share, plus a likely premium.
Barclays says Musk would own about 37% of the combined company, with roughly 56% of the voting power.
Jeff Burkey retweeted
The PM Pulse 068
• @cryptocom launches Predict Pro
• @Polymarket US adds ether, solana and XRP
• @Kalshi adds My Ballot
• @ProphetX self-certifies @CircaSports Survivor contest and NFL Scorigami contracts
• @AdjacentMarkets launches MSRY
Joe talking about hyperliquid:native and @elonmusk flying cars, this week's timeline is next level. What a time to be alive!
Video of our interview with Jeff Yan. Co-founder and CEO of Hyperliquid Labs. m.youtube.com/watch?v=GqJhyu…
Jeff Burkey retweeted
The Misery Index (unemployment+inflation) has been an economic indicator for 50yr+ but is reported on a delay and only 1x a month.
MSRY, our first of many economic indices, is a real-time prediction market driven index tracking Okun's initial design inflationdata.com/articles/m…
We are excited to launch MSRY, the Misery Implied Index, the first live, real-time version of the Misery Index.
Misery has been an economic indicator since the 1960s as a broad way of tracking the US economy by adding the unemployment and inflation rates together.
The economic index is printed once a month on a delayed schedule. Using prediction markets we have built a real-time and market-driven version.
Read more at press.adj.news/p/launching-t…
"Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man."
-Ronald Reagan
We are excited to launch MSRY, the Misery Implied Index, the first live, real-time version of the Misery Index.
Misery has been an economic indicator since the 1960s as a broad way of tracking the US economy by adding the unemployment and inflation rates together.
The economic index is printed once a month on a delayed schedule. Using prediction markets we have built a real-time and market-driven version.
Read more at press.adj.news/p/launching-t…
Jeff Burkey retweeted
$IBKR reports after the close today.
The company recently announced $ETH staking for eligible clients.
THE BLOCK: Interactive Brokers has added cryptocurrency staking for eligible clients, expanding its crypto services beyond trading and transfers.
At launch, staking is limited to Ethereum and is available through the broker's Client Portal, with services provided by zerohash.
Rewards are credited as additional staked ethereum:native and can compound while the position remains staked.
