rocky

the best trade of the next decade will be to long populism i recommend yall lever up and size in

@thiccyth0t fc hype/gold

gold lookin like a thanksgiving turkey

Congratulations to the team, and welcome to Sky

Trump: "We're not putting troops anywhere." The Pentagon: quietly sends 2,200 Marines from Pacific to the Gulf. The 31st MEU aboard USS Tripoli transited the Malacca Strait on March 18. ETA: March 23. This unit is purpose-built for amphibious landings and seizing chokepoints.

Hyperliquid in WSJ print (again)

Monad is proud to join Mastercard’s Crypto Partner Program. Bringing Monad's onchain infrastructure into a trusted, global payments network. It's time to move the global financial system onchain.

Gold and silver are not acting well in a period of rapidly rising geopolitical risks. We have an Iran War, Strait of Hormuz blockade, rising volatility. In the old framework, that setup should be close to ideal for gold. But once you understand what is now driving gold, this move makes perfect sense. Something fundamental changed after the US and Europe froze Russian reserves in 2022. For decades, surplus countries parked their excess savings in US dollar assets, mostly Treasuries. The freezing of Russian reserves combined with the current administration's explicit push to discourage foreign countries from parking excess savings in US financial assets, forced surplus countries to rethink where they store reserves. And those countries haven't changed their domestic policies that generate the excess savings, so those savings have to be placed somewhere. The result is that gold and silver have increasingly become the obvious “neutral” reserve assets. That’s why gold decoupled from the three factors that used to explain it…real interest rates, volatility, and liquidity. Now reserve accumulation flows have become the primary driver. That shift has a consequence I don’t think most investors have thought through. If gold is now primarily driven by reserve flows from surplus countries, then gold has become pro-cyclical. Reserve growth is driven by export revenues, trade surpluses, economic growth in surplus economies. When the global economy is strong and surplus countries are generating large export revenues, their excess savings grow, their reserve accumulation accelerates, and gold catches a bid. When that surplus generation is disrupted, the bid weakens or reverses. This is exactly what is happening with the blockade of the Strait of Hormuz. The GCC countries are major reserve/gold buyers and now their export revenues are collapsing. They likely need to liquidate some reserves to cover fiscal obligations, and gold is one of their most liquid assets. Even if the reserve sales aren’t excessive yet, the market can see their reserve accumulation has stalled and probably reversed. That flow, which was a meaningful source of gold demand, has gone to zero at best. There are also secondary effects on other surplus economies. China is the world's largest oil importer. An energy shock of this magnitude slows Chinese growth, and compresses Chinese surpluses, which slows Chinese reserve accumulation. That same growth shock ripples through Korea, Taiwan, Japan, and the rest of Asia. The whole chain that has been driving gold higher, surplus countries generating excess savings that need a home outside the dollar system, is being disrupted by an event that in the old model would have been unambiguously bullish for gold. This doesn't mean the structural case for gold is broken. The dollar standard is still ending. Surplus countries still need an alternative to Treasuries and gold is still the most obvious destination. But it does mean gold is going to be more volatile along that structural trend than most people expect, and the volatility will correlate with global growth and surplus generation rather than with the old drivers. Gold rallies when surpluses expand. Gold sells off when surpluses contract. Even if the reason for the contraction is rising geopolitical risk that, under the old model, should have sent gold to the moon.

Huge congratulations to TradeXYZ and S&P for this historic partnership. I'm honored that these teams choose to build on Hyperliquid. Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone's past years of hard work: global access to decentralized finance, perpetual futures as 24/7 price discovery, and Hyperliquid upgrading the existing financial stack to house all of finance. The S&P500 is synonymous with "the market," a single number that captures the essence of the largest economy in the world. Looking forward to tracking the world's most important financial gauge 24/7 on the most liquid permissionless markets.

It's important to remember that when Hyperliquid wins, we all collectively win. It's a win for all of Crypto. Hyperliquid is the most important company in finance today. Support crypto ideals, move your volume onchain and own the exchange to house all of finance.

Introducing Legend - Now live in private beta. Queue up, get matched, join clans, and compete. Trading is already the biggest game in the world. We’re making it multiplayer. Become Legend.

@0xMerp ily

imagine if one barrel of oil was worth as much as one btc still early

More VCs will get oneshotted by AI than Ayahuasca.

you can't kill monad

@schizohustler davos would like to have a word with you

@chamathsintern escorts expert here executing them isn’t good for business

Hypothetical Hyperliquid ecosystem arm: 1. Execute escorts strategy, to build the premier onchain old money conference, starting in NY, then SF and London after 2. Organize the hype EVM ecosystem, incubator and/or accelerator program, coke dealer for the umbrella of companies building on Hype 3. Launch an ventures arm + fund of funds strategy to start building influence with epstein clients, WASPs are the marginal buyers

Hyperliquid is getting about 20% of volume from non-crypto sources over the last two months I think crypto sources of volume will decline and non-crypto will grow, so this percentage should continue to increase through 2026 Hyperliquid is by far the best growth story in crypto

@matthuang anecdotally i tend to prefer instruments that ive seen people make it w/: -ive seen a lot of ppl get rich on spot/memecoins -ive seen a lot of ppl get rich on perps (and usually lose it all too) -i rarely see ppl get rich on buying options -but no one gets rich sports betting

Total Hyperliquid Victory

@apewoodx yeee

@chamathsintern actually i feel like we talked about this last year too

late stage capitalism tings