Jon Geenty retweeted
After 7 years quietly building, it was fun to share some of my mistakes & learnings @MIT this week.
@fun's last financing was done at a $425M valuation, and we’ve now grown 9x since our $72M Series A. Our 30d volume just crossed >$100B annualized.
A few of my mistakes along the journey 🧵
Jon Geenty retweeted
Today, the SEC announced the agenda and panelists for its Sept. 17, 2026, roundtable on preparations for 24-hour trading.
View registration details and more information: sec.gov/newsroom/press-relea…
Jackson Hole marked the exact top for ETH last year: ATH close on Powell’s speech, ATH tick within 48 hours.
Warsh speaks tomorrow.
Jon Geenty retweeted
The Ethena Risk Committee’s mandate is to identify, evaluate, and manage risk across the Ethena ecosystem, and Kairos as an existing member has honored this commitment. To name a few ways they have been committed as a risk committee participant:
- Kairos authored and advanced the proposal to allow USDtb-backed Ethena whitelabel stablecoins to be held directly in USDe’s backing.
- They led a detailed analysis proposing the addition of PAXG and XAUT as eligible USDe backing assets under an expanded commodity/equity framework, enabling gold and commodity perpetual basis trades.
- They prepared a comprehensive risk assessment supporting with conditions the deployment of isolated lending markets for Ethena assets on Kamino and Jupiter Lend on Solana.
- Beyond proposals, Kairos has contributed ongoing monitoring and reporting during stress periods, including the spring 2026 supply contraction of $2b, with rapid absorption and no peg break or reserve draw, off-chain review of RWA drawdown frameworks, and technical due diligence such as the July 2026 L2 USDe PSM review on Base. They have also collaborated on broader items such as the dynamic sUSDe unstaking cooldown framework that was co-developed with fellow committee members.
If you are considering voting on this proposal, I would highly encourage you to consider electing Kairos for another term as they have proven to be a highly capable member of the risk committee.
Ethena's Risk Committee elections are live and we're standing for a third consecutive term
What we shipped over the last term for ENA holders:
• Whitelabel stablecoin backing framework that helped supply peak above $620m
• Solana lending assessment that unlocked markets on Kamino & Jupiter which grew past $ 1bn within days of launch
• Tokenized gold and commodity backing framework, opening USDe to basis on gold and commodity perps
If you hold ENA or sENA, be sure to vote for Kairos Research!
Closes 9 Aug, 23:59 UTC
snapshot.box/#/s:ethenagover…
Jon Geenty retweeted
I’m significantly older than you. I started coding in the late 60s. My current strategy is to not read any of the code written by my agents. That’s the only way I can take advantage of their productivity. What I do instead is to surround the agents with extreme constraints. Unit tests, gherkin tests, QA procedures, quality metrics, mutation testing, test coverage, and a plethora of others. In the end, I have very high confidence in the code they produce because they’ve had to run the gauntlet of all of my constraints and tests.
Jon Geenty retweeted
I redesigned bitcoin-supply.com and was almost instantly overrun by bots. I now get over 1.44M requests per day, only a tiny sliver of that is real traffic. I morn the open free internet
The end of an era
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations following a strategic review of the business.
It may not look the same today, but we are proud of our 11+ year legacy and the role we played in shaping the crypto industry. We invented the 100x leverage perpetual swap, which for most of you, was the first step to your crypto trading journey. It is now the most traded financial product in the crypto industry, adopted by thousands of users and exchanges. And we remain proud of our robust security infrastructure, which has allowed us to maintain a flawless track record of 0 customer funds lost to hacks in our entire operating history.
We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone.
From today we strongly encourage all users to close their positions and withdraw their funds as soon as convenient. For more details on the full process, please read our blog: bitmex.com/blog/bitmex-closu…
BitMEX was once home to some of the greatest traders today. Our team has dedicated tremendous effort and passion into building the platform into what it is, and we are glad to have reached some of you during your time with us. To everyone who has traded, supported, and grown alongside us - thank you for your trust over the last 11 years.
The BitMEX Team
Jon Geenty retweeted
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations following a strategic review of the business.
It may not look the same today, but we are proud of our 11+ year legacy and the role we played in shaping the crypto industry. We invented the 100x leverage perpetual swap, which for most of you, was the first step to your crypto trading journey. It is now the most traded financial product in the crypto industry, adopted by thousands of users and exchanges. And we remain proud of our robust security infrastructure, which has allowed us to maintain a flawless track record of 0 customer funds lost to hacks in our entire operating history.
We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone.
From today we strongly encourage all users to close their positions and withdraw their funds as soon as convenient. For more details on the full process, please read our blog: bitmex.com/blog/bitmex-closu…
BitMEX was once home to some of the greatest traders today. Our team has dedicated tremendous effort and passion into building the platform into what it is, and we are glad to have reached some of you during your time with us. To everyone who has traded, supported, and grown alongside us - thank you for your trust over the last 11 years.
The BitMEX Team
Jon Geenty retweeted
Today, we announce our $72 million Series A, co-led by @multicoin and @SignalFire.
fun.xyz/news/series-a
Jon Geenty retweeted
1/ I’ve spent most of the last few weeks since the Google, Caltech papers to think about tradable implications around quantum computing and crypto
specifically what happens to the market around q-day
Jon Geenty retweeted
BREAKING: WHOOP RAISES $575M AT $10.1B VALUATION
I am pleased to announce that we’ve raised $575M at a $10.1B valuation to accelerate our mission of unlocking human performance and healthspan globally.
This round was led by Collaborative Fund with participation from 2PointZero Group, Qatar Investment Authority (QIA), Mubadala Investment Company, Abbott, Mayo Clinic, Macquarie Capital, Glade Brook, B-Flexion, IVP, Foundry, Accomplice, Affinity Partners, Promus Ventures, and Bullhound Capital alongside a group of individual investors including Cristiano Ronaldo, LeBron James, Rory McIlroy, Virgil van Dijk, and Mathieu van der Poel.
This investor group and this moment reflect a powerful evolution underway for Whoop and the broader healthcare market.
Whoop was born in performance - trusted by the best athletes in the world to train, recover, and compete at the highest level. That foundation remains core to who we are. You see that in the iconic athlete investors joining this round.
But it also represents our push into broader health.
In the past 12 months, WHOOP has received medical clearances, launched blood testing, and created a platform that has saved lives. Abbott and Mayo Clinic - two of the most respected and influential institutions in global healthcare - are now investors in Whoop. These are organizations that have shaped modern medicine. Their decision to partner with us is a clear validation of where our technology is headed.
Healthcare systems around the world are reactive. For too long, they have waited for people to get sick, then intervene. Chronic disease is rising and costs continue to climb.
At Whoop, we believe the future looks fundamentally different. We are building the most powerful, personal, preventive health platform in the world - powered by continuous biometric data, advanced analytics, and AI to help people understand their bodies and improve their health in real time.
I am grateful to our team, our members, and our partners for believing in this vision. I’ve been building this company for 14 years and I’ve never been more excited for the future.
This daily unique traders number is extremely impressive
@tradexyz reached new all time highs across the board:
- Cumulative trading volume: $110B
- Open Interest: $1.6B
- 24hr peak volume: $5.6B
- Daily unique traders (24hr peak): 45.3k
- Weekend trading peak volume: $1.09B
- XYZ share of Hypercore volume (24hr peak): 44.4%
Jon Geenty retweeted
Introducing True Markets CLI
The fastest way for AI agents to access crypto markets.
Give your agent a strategy and watch it place trades, monitor your portfolio, and improve on your strategy in real time - all from the chat interface/terminal.
Beta: truemarkets.co/cli
Jon Geenty retweeted
Should you pay attention to the fact that folks from MIT who ran the Project Hamilton pilot for the Fed just launched a public blockchain, but rather than use a volatile native token, they used the dollar?
You should probably pay attention to that, yes.
USDT premium/discount remains a key market barometer.
The ongoing USDT discount to the dollar has now lasted longer than the prolonged discount phase seen in 2022 after the Luna, 3AC, and Celsius collapses
Jon Geenty retweeted
AI chip startup Etched raised about $500 million in a new funding round, according to sources, as part of an effort to compete with Nvidia in the booming market for AI processors bloomberg.com/news/articles/…
