Head of Defi @GalaxyHQ $GLXY

Joined February 2022
150 Photos and videos
Marcantonio retweeted
Institutional Bitcoin may be bullish for privacy coins. @Matt_Hougan argues that as Bitcoin moves further into regulated, corporate, and ETF channels, it creates space for assets serving crypto’s “pirate corner.” “Could it be 10% the size of Bitcoin? That doesn’t seem absurd.”
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Marcantonio retweeted
Bitcoin’s marginal buyer is fading. @marcarjoon points to three weakening demand signals: - Treasury companies bought half as much BTC as last month - ETF flows flipped negative after a two-month inflow streak - Whale balances are no longer accumulating
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Marcantonio retweeted
NEW POD We Cover: 🔹 CFTC approving perps 🔹 Stablecoins vs deposits 🔹 Saylor's Bitcoin test 🔹 Will the Fed hike? @marcarjoon @Matt_Hougan @marcryptonio @dlawant Links Below ↓
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Marcantonio retweeted
“There is a real disruption taking place in the financial services business.” @Matt_Hougan says the private-market winners are increasingly either AI companies or financial services disruptors: Stripe, Revolut, Tether, Kraken, Figure, etc. The next bid may accrue to the companies using crypto infrastructure to rebuild financial services.
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Marcantonio retweeted
“I suspect we’re gonna see more idiosyncratic crypto assets in the future rather than less.” Crypto correlations may keep breaking down as investors separate commodities from real value and cash-flow-generating assets. $HYPE, $NEAR, $XLM, $TRX, and $ZEC are examples of a market where isolated drivers can outperform while majors sell off. @dlawant @Matt_Hougan
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Marcantonio retweeted
“I think what will go down as probably the biggest mistake was the L2 thesis.” @marcryptonio says Ethereum’s L2 strategy cannibalized the L1 without replacing the lost economics. Does activity migrate back to Ethereum L1, or did the L2 era permanently push builders toward other chains?
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Marcantonio retweeted

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Marcantonio retweeted
NEW POD @marcarjoon, @Matt_Hougan, @marcryptonio, and @dlawant cover: 🔹Bitcoin's May Malaise 🔹Hyperliquid's growth 🔹CLARITY Act updates 🔹And more! Timestamps: 00:00 Intro 01:27 Outlook on Bitcoin 08:41 Hyperliquid’s Revenue Engines 16:40 HYPE ETFs Steal the Show 26:04 ICE & OKX Challenge Hype 36:33 SEC Pauses Innovation Exemption 48:10 CLARITY Act Debrief
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Marcantonio retweeted
May 19
Institutional yield farming onchain in 2026-2027 via tokenized equities will be a wild era to be a part of. The DeFi protocols which support this will 10x their TVL and revenue metrics. It's coming.
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Monopolies hate competition
[ ZOOMER ] CME AND NYSE ARE PUSHING THE US TO REGULATE HYPERLIQUID, DUE TO CONCERNS ABOUT MARKET MANIPULATION AND SANCTIONS EVASION: BBG
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Damn @Matt_Hougan and Bitwise are cooking
May 14
Introducing the Bitwise Hyperliquid ETF $BHYP—offering 100% direct exposure to spot HYPE. And the first to use in-house staking, rather than a third-party staking provider. Starts trading tomorrow. Why Hyperliquid? We believe Hyperliquid is one of the most important onchain trading platforms in the world. When geopolitical conflict broke out in the Middle East on a Sunday morning and traditional markets were closed, institutions didn't wait until Monday. They turned to Hyperliquid. It's easy to see why. Hyperliquid commands approximately 60% of all onchain perpetual DEX open interest globally (DeFi Llama as of May 13, 2026), processes 200,000 orders per second (Chainspect as of May 13, 2026), and has built a track record of reliability when it matters most. It has achieved remarkable adoption in a short time, entirely without venture capital—and we believe it's poised to be one of the biggest winners as capital markets move onchain. We're thrilled to give investors a convenient, low-cost* way to participate in that opportunity, with staking rewards built in.** Onward.
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Marcantonio retweeted
Bitcoin is breaking higher while Washington eyes the finish line on Clarity. 🧵Summary of our latest episode with @marcarjoon @Matt_Hougan @marcryptonio @dlawant
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Marcantonio retweeted
When the token is the share, the equation changes. Built different.
7 different versions of $NVDA onchain. That's the liquidity fragmentation problem holding back tokenized stocks. When the token IS the share (issuer-direct, transfer agent), the equation changes, and @Securitize is already doing this. RWAs overtaking DeFi by 2027 is closer than you think.
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I loved this episode. Check out the transfer agent convo where we talk about the @Bullish acquisition of Equiniti on the heels of @Securitize’s partnership with Computershare
NEW POD: Bitcoin Breaks $80k As Washington Moves On Clarity We Cover: 🔹 What’s driving BTC breakout 🔹 Will Clarity pass soon? 🔹 Bullish transfer agent acquisition 🔹 Ethereum vs Solana tokenization & more! @marcarjoon @Matt_Hougan @marcryptonio @dlawant Links Below ↓
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Top VCs are raising billions to invest in the future of crypto while you think we’re in a bear market
> a16z crypto raises $2B for fifth fund > haun raises $1B for second fund > dragonfly raises $650M for fourth fund billions are flowing into crypto venture, here's where the smart money is flowing. a16z crypto - $2.2B >stablecoins as the clearest real-world adoption > onchain capital markets: perps, prediction markets, onchain lending, stablecoin credit, and tokenized assets. > crypto as trust infra for the AI age: transparent systems, verifiable networks, user-owned identity/assets, and software agents that can transact. Haun Ventures — $1B > the core plumbing of finance : payments, banking, custody, FX, and capital markets - rebuilt for a digital, global, always-on world. > new assets : tokenized currencies, securities, commodities, derivatives, and RWAs. > new markets: prediction markets, event-risk hedging, insurance, and programmable liquidity. > the agentic economy : always-on financial rails for ai agents to pay, transact, subscribe, verify identity, access credit, and operate across markets 24/7. Dragonfly — $650M > stablecoins as payment rails onchain financial primitives > defi prediction markets as crypto’s clearest native financial products. > tokenized assets, credit, and market structure bringing tradFi activity onchain.
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This feels like Kraken’s hundredth acquisition of the year - whoever is running strategy over there is cooking
[ ZOOMER ] KRAKEN ACQUIRES REAP, ASIAN BASED STABLECOIN INFRASTRUCTURE COMPANY, FOR $600M: BBG
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Kraken continuing to mog everyone on super smart, strategic acquisitions
The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies, a stablecoin-oriented provider of cross-border and business payments services. bloomberg.com/news/articles/…
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Huge move
May 6
BREAKING: @Bullish just put 151M shares onchain, tokenizing its entire cap table on Solana after acquiring @Equiniti CEO @ThomasFarley closed the announcement at @consensus2026 with a live wallet-to-wallet share transfer on @Phantom 🔥
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This is absolutely massive
1/4 Today we announced a definitive agreement to acquire @Equiniti in a transaction valued at $4.2B. The combination creates the global transfer agent for tokenized securities and aims to position Bullish to lead the shift toward blockchain-native capital markets infrastructure.
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Marcantonio retweeted
1/ Introducing Aquarium The liquidity engine for Solana. HumidiFi's best-in-class principal market making - now available to top projects through a standardized, on-chain program. No backroom deals. No side agreements. Verifiable metrics.
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