1,189 Photos and videos
If USD 5k worth of tokens was all it took for a KoL to sell their souls, you need to re-think whether they are real content creators or audience farmers.
x.com/i/status/2012493855996…
Jan 17
Here are the @TroveMarkets badge holders (some have since been removed).
These “gentlemen” (apparently for money and with minimal due diligence) were promoting this project for Hyperliquid community.
7
2
22
6,411
You can now do a short MSTR and long BTC atomically to close the MSTR NAV premium
lighter shipped atomic orders and it's lowkey nuts
one transaction. set your margin, split it long/short across different assets, both legs fire together or neither does.
rn i could go 60% long BTC @ 50x and 40% short SOL @ 25x in a single click. pairs trade, hedge, spread view,
banger feature
1
270
Probably the most useful feature for any serious traders
13h
Advanced TWAP Orders are now live on Lighter!
You can set randomization, aggressiveness, slice frequency, and more.
3
374
yippie retweeted
Lighter's custom ZK circuits have been formally verified by Zellic. Dive into the math here!
x.com/zellic_io/status/20665…
16h
We formally verified custom Plonky2 gates used in @Lighter_xyz, a fully verifiable decentralized exchange.
Our approach? Export the constraints from Rust, generalize parameters, write a specification in Lean, then create machine-checkable proofs for soundness and completeness.
Let’s look at how it’s done for the `U32AddManyGate`.
9
24
184
17,085
yippie retweeted
Great interview with @ChairmanSelig on perps, ADL, KYC, open source protocols, Ethereum settlement etc
Serving on the Innovation Advisory Committee, I support the CFTC's approach to building in the US.
As the Chairman said, this is just the beginning!
x.com/Bankless/status/206649…
INTERVIEW: Perps Are Coming Onshore | CFTC Chairman Mike Selig
@CFTC @ChairmanSelig joins David to unpack the first U.S.-regulated bitcoin:native perpetual futures contract, the end of regulation by enforcement, and what comes next for @coinbase, @Kalshi, @krakenfx, @Gemini, @HyperliquidX, @Lighter_xyz, and the broader U.S. perp market. They also discuss which assets could list next, how U.S. leverage will differ from offshore exchanges, and why equity perps, RWAs, and 24/7 trading may be the next frontier of American finance.
[TIMESTAMPS]
0:00 Intro
3:32 Self-Certified Crypto Contracts
7:08 Chasing the U.S. Perps Market
9:00 Bringing Liquidity Onshore
10:18 U.S. Market Guardrails
12:44 Blockchain Transparency Advantage
19:17 Hyperliquid and Onchain Perps
23:09 Real-World Asset Perps
24:38 Equity Perps & SEC
26:35 Incumbents Versus Disruptors
31:28 Derivatives Dominating Crypto
33:16 Perps Are Just Beginning
5
13
90
13,419
Pretty sure Phong Le has a good shot at going to jail for publicly representing STRC as a money market instrument :)
Now he's trying hard to whitewash whatever bullshit he ever said.
I'll put Strategy at 15% chance of wipeout from regulatory clampdown.
What does it actually mean when STRC trades below par?
Strategy CEO Phong Le breaks it down:
"It's a preferred equity, not debt. And it's definitely not a money market, even though some people use it in place of one. It's designed to trade within a tight window of par 99 to 101, but there'll be times when it doesn't"
"Stretch is trading at 96 cents on the dollar, so it's down 4% during that period. But when you take the 11.5% dividend paid over the last 10 months, that's up 8%. So if you're a shareholder over that period, you're up 4%. If I told you in October I'm going to design an instrument with Bitcoin as the underlying, Bitcoin goes down 50%, and I give you a 4% TSR, would you believe me?"
"The last couple weeks it's gone down because Bitcoin has gone down, but it'll come back up. We have the mechanisms. We could increase the dividend, we could shore up the US dollar reserve. I have a strong belief we'll continue to pay the dividends and it'll trade back at par"
1
2
929
yippie retweeted
one of the most important features that was missing from options site was Backtester.
It will be soon shipped on derivativesmonkey.com free of cost👀
-option's backtest is way complex than perps backtest bcz its not just the premium paid , greeks are factored in too & how they affect your pnl!
-the tool we will ship in the next few days is gonna do exactly that for you! Factoring all of these factors and giving you an accurate backtest! I have attached a sample below.
been working on something dope for quite some time & I'm excited announce the launch of our crypto options analytics platform :
derivativesmonkey.com
No Login or Payment Required. It's completely free to use!
will explain in tweets below what it does below & how it works👇
4
13
76
7,451
yippie retweeted
If the Knicks can come back from being down 30 to win it, so can my pnl.
110
73
881
68,191
Probably one of the best btc options article I've come across so far.
Next week is options expiry week. If put wall is at 60k, I reckon we will eventually move close. Possibly a top at 65k this weekend?
2
4
1,014
Closed my shorts for MSTR. Still think we will see MSTR go lower but would like to see BTC reject at 67k first.
Good thought. @Colasama picked this up several weeks back and it reminded me of the whole Luna time bomb (basically zero bids when everyone frontruns).
Better off for MSTR to sell off BTC quick, announce and let the market recover than waiting for the death spiral.
1
18
2,035
Pretty sure Flow Traders are their investor/ MM
Recently Eclipse sold tokens from its treasury without any disclosure & diluted the CS
After Korean exchanges placed them on a delisting watchlist, later they announced updated tokenomics
Still they have not disclose amount, valuation, or buyer details
While checking on-chain, I found that their MMs/insiders sent 26.7M $ES (2.67% of ts) worth ~$2M to Bybit between 3–5 June & the token has crashed 70% so far since then
0xc2F8C63d6D7c8C6eD2FEB92DBb1e8119193524C6
0x2a500f79c651759F12e67FeDb7748eF2449590CF
Current FDV of Eclipse is $30M while they raised $65M, yet they claimed they needed to sell tokens for operational purposes
Indeed, crime pays well
Also next month, more than 50% of the current circulating supply will unlock for team/eco & VCs
Eclipse 0
1
572
yippie retweeted
Jun 11
One thing that has always amazed me is how much talent BitmapPunks managed to gather. Despite its small market cap, it drew the attention of so many skilled cyber nomads.
I remember how low our expectations were at launch. Our best estimate was that it would take two weeks to fully mint. Instead, the TGE completed in under 14 hours.
When we dug into it, we found that many were minted by bots. Bots in a mint were nothing new in crypto, but what surprised me was how fast they were built. And it didn't stop there. Soon after the native market launched, someone deployed rare-NFT sniping bots so fast they could snipe the rare ones in the very same block they became available. People were putting MEV-level skill to work here for just a few bucks.
On one hand, I felt proud and honored that this project attracted some of the most talented geeks in the space. On the other, I always carried this quiet worry that no mistake we made would ever escape their eyes.
This week, that nightmare came true. What cripples me isn't the financial loss — it's the loss of faith to build something new for this space. I've always had ideas I wanted to bring to life, and so far I've realized maybe 5% of them. Now I have to force myself to stop. Given the pace of AI progress, everything we build suddenly feels so fragile. We're going to pause here until we have a plan we're truly confident can survive.
Looking back, I feel grateful that one of the best decisions I made was turning down various collabs that could have driven short-term hype. Otherwise, the damage today would have hurt far more people.
I know many of my close friends bought heavily from the secondary market. I'm sorry this project didn't reward you financially. And to the many of you still using your BitmapPunks as your PFP across your profiles — I want to express my deepest appreciation. It means more than you know.
Many have suggested an airdrop based on a snapshot taken before the hack. Technically, this is possible. But no one can guarantee that a new contract would be perfect and unhackable. As much as we emotionally want to do it — to shake off this feeling of defeat — we won't rush into it.
Right now, the team's focus is working with security teams to track down the attackers. If we manage to recover any funds, or if the hacker is willing to negotiate, every recovered dollar will go toward giving BitmapPunks the best possible chance to get back on its feet.
Fingers crossed, and back to work.
20
6
39
5,196
Saw it early on. Liquidity was predatory.
Basically first mover but just bad at execution.
Jun 10
Real story. HyENA got the lighter ticker before they TGE. We thought we had something that was different and were excited to launch it.
Hyperliquid released LIT few hours later and took all the liquidity and volume.
Never again.
515
?????
Jun 9
The document you cite clearly states that BTC Yield is a narrow KPI used to assess per-share accretion solely as it pertains to bitcoin holdings. It is not a measure of financial performance, valuation, liquidity, ROI, book value, or stockholder return. Full financial analysis requires a more comprehensive review of our financial statements and SEC disclosures.
2
235
Errr no?
Jun 9
BTC Yield measures the increase in BTC per share, not total shareholder accretion. Last week Strategy added ₿1,550 of BTC and $100 million of USD Reserve. When both assets are included, the transaction was accretive to MSTR shareholders.
3
616
Agreed. I think there's clear misrepresentation by the management to shareholders and we can expect shareholders to come after the management soon
Jun 8
$MSTR’s original model generated positive Bitcoin yield by selling common stock at a premium, then by issuing preferred stock at coupons below Bitcoin’s expected appreciation. Now @Saylor is forcing common shareholders to accept a negative Bitcoin yield just to prop up Bitcoin.
3
1
13
2,388
Increasing 100M is just another month of dividends.
Buying more don't mean anything. Think BTC will sell off
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC
strategy.com/press/strategy-…
1
356
yippie retweeted
Jun 8
BlackRock just deposited 3,580 $BTC($226.8M) to Coinbase Prime.
arkm.com/explorer/entity/bla…
75
51
598
59,485
yippie retweeted
Jun 7
Uhhh… your memory is failing, my friend. And this was sent after the dinner, not before. Have the receipts. I don’t begrudge you in any way, but let’s be truthful.
Jun 7
Not only did we not fire them, we did not give them an offer to invest based on our assessment of the team (clearly retrospectively wrong and our loss). Was honest in my assessment of why we did not offer to invest, just trying to be helpful. Never discussed equity. So firing/equity is totally a fictional story. Anything goes on twitter I guess
Community note
Simply false, people have receipts.
x.com/i/status/20635…
224
197
6,391
1,725,296