Crypto Veteran | Opinions expressed are my own
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Joined November 2019
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Philda₿ag retweeted
Interesting
BREAKING: Google’s parent Alphabet added another 3.85 million shares of SpaceX in Q3, its latest SEC filing shows.
Alphabet held 555 million shares worth $83.7 billion as of Sept. 30. SpaceX alone made up nearly 95% of its reported stock portfolio.
Google first put $900 million into SpaceX in January 2015. By the end of Q3, the stake was worth about 93 times Google’s original investment.
Philda₿ag retweeted
BREAKING: 🇺🇸 The rule that would allow crypto in 401(k) retirement plans has reached the White House for final review.
Once approved, Americans could invest in crypto through their 401(k)s.
Philda₿ag retweeted
Equity perpetuals are here: Americans can now trade perpetual futures on individual stocks listed on U.S. exchanges for the first time.
The @CFTC deemed the contracts approved as security futures, which the CFTC and @SECGov regulate jointly. U.S. investors get the protections of both agencies, the oversight Congress intended when it created a dedicated regime for security futures products.
In our August comment letter, we made the case that security futures treatment is the best path for these markets to flourish. Both CFTC- and SEC-regulated exchanges can list security futures, so venues primarily overseen by either agency can compete to offer this new class of product. That competition will improve outcomes for investors.
Equity perpetuals expand the tools that market participants can use to manage risk and take positions on securities in a single contract that never expires. We commend the staff of both agencies for this milestone in our derivatives markets.
Today, equity perps can begin trading for the first time on @CFTC registered exchanges.
This move reflects my commitment to ensuring that America’s markets remain the most innovative, liquid, and well-regulated in the world. Instead of being forced to turn to offshore, unregulated venues to access equity perpetual futures, Americans may now access equity perps on CFTC-regulated markets subject to robust safeguards.
I appreciate the continued partnership of @SECGov and @SECPaulSAtkins as we work to further harmonize our agencies' regulatory initiatives.
Philda₿ag retweeted
🔥 LATEST: Hyperliquid generated $713M in revenue over the past year, per Bloomberg.
Founder Jeff Yan sees tokenized assets as a potential next opportunity.
Philda₿ag retweeted
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Philda₿ag retweeted
I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.
Send it 🚀
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
Philda₿ag retweeted
NEW: NYSE owner Intercontinental Exchange is planning a regulated US venue for perpetual futures built on Hyperliquid’s infrastructure, Bloomberg reports.
The market, developed with Trade(dot)xyz, would offer equity, index, commodity, and currency-linked contracts with dedicated clearing and compliance systems, pending regulatory approval.
Philda₿ag retweeted
Just like you have bearish pullbacks (red) only for the downtrend to continue after so do we have bullish pullbacks (green).
Today is no different than the last uptrend if you know how to read market structure.
Sentiment is starting to shift again.
Many influential persons starting to see short term cracks in the market after all.
Arthur selling it all, Ben thinking he might be right after all again, and others and more...
Honestly what anyone says, short term flip-flopping is always possible. Whether the market is truly bullish or bearish short term we can always go up and down abit.
We've literally gone up $30,000 in one straight line after all.
BUT regarding the market itself, making a huge tumble back?
I just don't see it. On the contrary, Bitcoin is actually still in a very good looking spot chart wise.
Not only is support still holding up but we literally made a HIGHER HIGH for the first time since the entire downtrend we had the past year.
I objectively don't see anything wrong here.
I did open the option a few times that the market MIGHT come back to get a higher low though.
There's a lot of emptiness we left behind and a healthy uptrending market might always take back 30-70% of its rally forming the higher low.
Meaning that Bitcoin could actually go back to anywhere between $70k-80k for that.
Yet bull markets tend to not always go as low as people hence why I've often likee where Bitcoin currently is holding $80k+.
Macro is wobbly yes but the fact that Bitcoin actually already rallied against it is actually more proof of strength than weakness here.
Philda₿ag retweeted
Early bull markets are tricky.
Sentiment makes a new low every time $BTC drops 3-5%, and yet the market is still holding at $80k, refusing to push lower.
Meanwhile, the big boys are buying like never before.
With great opportunity comes great opportunity to fuck it up - which is why I try to make as few moves as possible.
Expecting coins to be much more expensive in a year or two. That's when I'll think about selling again.
