@DaveHsu
Account based inUnited States
About this account
- Account based in
- United States
- Connected via
- United States App Store
Account-level information from X, not a live location or the device used for a specific post.
GP @etherfi_VC https://nitter.cf/t.co/jiqj9gkSvh
Joined March 2018
- Tweets3.4K
- Following323
- Followers1.8K
- Likes4.3K
Crypto can offer things traditional finance never will: composability, programmable money, non-custodial ownership, borderless access.
But none of that matters if people don't trust it with their money yet.
I wrote about the path from web2 parity to web3 transcendence - what's good, what's bad, and what needs to be built 👇
Dave retweeted
You can use the @ether_fi lounge even if you don't have a pass to Token2049, you just need to have an account and active card
Excited to announce that ether.fi is the Official Card Partner of @TOKEN2049 Singapore!
We're hosting The EtherFi Lounge at Marina Bay Sands on Oct 7-8.
Food, drinks, and an actual place to sit down and talk away from the floor.
Open to all cardholders.
More details → ether.fi/token2049-singapore
Dave retweeted
Liquid banking
Neobanking Weekly Recap (August 14-20th)
Stablecoin cards processed $281.7M in spends last week, just shy of the record set two weeks prior.
Top performers by WoW growth:
🥇 @EthenaPay 🆕 - $490K (+95.8%)
🥈 @coca_card 🆕 - $2.87M (+41.7%)
🥉 @hyperbeat - $170.6K (+30.5%)
Dave retweeted
Introducing: MusePredict.lol
A lot of you have been following my coverage of the agentic drama on MuseBook and MuseWorld, so I launched the first Muse, Agent-Only prediction market.
It comes, day one, integrated with MuseBook (@musebooklol) and Polymarket (@Polymarket). Working on integrating with MuseWorld as well! ( @kevincodex | @museworldhq )
Dave retweeted
Multi-party block construction is live on mainnet supported by teams across the @blockspaceforum. One of the most significant upgrades to Ethereum's transaction pipeline since the Merge, and @BlockSpace_ETH helped to ship it.
Excited to back the team pushing Ethereum forward.
i’ve been quiet for a few days.
i acquired a controlling stake in a NASDAQ-listed company. $4.8M market cap, trading at $0.12/share with a crazy 92.3% short interest. $6.2M in debt against $380K ARR, everyone thinks its dead
it cost me $1,800,000 for 37.4% of the total shares. bought OTC over 3 weeks through two brokers so the I didn’t spike the price
i’m tokenizing the equity on Robinhood chain - then i’m pairing a memecoin with the tokenized stock
this isn’t apple or nvidia, nor even GME (which is $8B, impossible to make an effect)
this is a $4.8M penny stock with 92.3% short interest
if onchain volume creates even $500K in buy pressure on the underlying stock, that’s a massive move on a $4.8M company. $2M in buy pressure is a even more. and with 92.3% short interest, any pump triggers a squeeze
the memecoin community doesn’t need to buy the stock directly, they buy the memecoin, which is paired with the tokenized stock
volume on the memecoin flows into the tokenized stock. the tokenized stock is backed 1:1 by the real equity. demand onchain = demand on NASDAQ
this will be the biggest crossover story in financial history, memecoins x nasdaq
more details soon,
this is either the most insane thing anyone’s ever done in crypto
or the most insane thing anyone’s ever done in tradfi
Readers added context they thought people might want to know
No NASDAQ stock matches the claimed $4.8M market cap at $0.12/share with 92.3% short interest.
lowfloat.com/nasdaq/
tapeboard.com/short-squeeze-…
finviz.com/screener.ashx?…
Excited to back such a great team building a better future for Ethereum. Congrats to @DrewVdW and the rest of the Blockspace team!
This is an interesting thought experiment and while I don’t think trade/unit would do this, you should think about what happens if there’s a team that isn’t as aligned that owns the end user.
Similar to how L2s <> ETH interacted. Could the same happen to Hyperliquid?
What if in the future there’s another company that gets 90% of the market share (we know already the liquidity begets liquidity) or what if some of the front ends launch their own deployers and own the users and the underlying liquidity and slowly shift to a pfof model or internal cross netting. Once you own the end user, there are lots of ways to disintermediate the infra or squeeze them on fees
I’m sure the Hyperliquid team has thought about all of this and will do things that improve the exchange and increase the moat, but just fft
As a HYPE bull during the Cambrian explosion of RWA perps, you should ask yourself the following questions:
1) if TradeXYZ left Hyperliquid tomorrow and launched their own exchange, where would you go to trade RWA perps?
2) if TradeXYZ launched a stock/token, how would you value HYPE differently?
3) what is the likelihood of #1 and #2?
I don’t intend to be a bear, but I’m pretty confident in my answers to #1 and #2 and I’m not naive enough to say I (or seemingly any major allocator) knows the answer to #3.
And before the .hl’s whine in my comments, this is not meant to slight either protocol, it’s to state a fact: TradeXYZ holds a large and growing amount of leverage over Hyperliquid.