ogle

6.8K posts

ogle

@cryptogle

advisor @worldlibertyfi and @americadotfun // maxi since 2012

cryptogle(((@)))protonmail.com Bergabung Ekim 2020

537 Mengikuti47.5K Pengikut

Tweet Disematkan

ogle@cryptogle·4 Ara

I'm very honored (and surprised 🙃) to be included in the coindesk #mostinfluential2023 list this year! I'm not so sure I deserve it, but I sure do appreciate it 🙏

CoinDesk@CoinDesk

🎉 The wait is over. Introducing CoinDesk's #MostInfluential2023. This annual list (no, it's not a ranking) recognizes the people who, for the better, and sometimes the worse, defined the year in digital assets and Web3. We recognize 50 honorees and entities, with the top 10 making an outsized impact. We also asked select digital artists to create NFTs for 10 of the honorees. Each NFT will be up for auction for 24 hours starting at 12 p.m. ET today and a portion of the proceeds will go to @HungerProject. You can find them over on @TransientLabs 👉 go.coindesk.com/most-influenti… Here's a look at the top 10 👇 • Casey Rodarmor (@rodarmor): For shaking up #Bitcoin with his "Ordinals Theory." • Ryan Selkis (@twobitidiot): For building a political fundraising machine for crypto that's ready to sway elections in 2024. • Jenny Johnson: For being at the forefront of Wall Street's embrace of #bitcoinETFs and crypto technology. • Lido DAO (@LidoFinance): For becoming a victim of its own success and attracting criticism as its share of staked $ETH has grown to nearly one-third. • Paolo Ardoino (@paoloardoino): For diversifying @tether’s investments after a banner year where the stablecoin giant is on track to profit $4.5 billion. • Jose Fernandez da Ponte: For helping @PayPal unveil its own Ethereum-based U.S. dollar stablecoin. • Gary Gensler (@GaryGensler): For having more influence on crypto than any regulator or law enforcement official this year. • Brian Armstrong (@brian_armstrong): For being the biggest big gun still in the hot seat. • Sam Altman (@sama): For heading ChatGPT and Worldcoin and changing the way we use the internet in 2023. • Brad Garlinghouse (@bgarlinghouse): For emerging triumphant this year in legal cases with big implications for crypto's future. Check out the full list 👉 coindesk.com/most-influenti…

English

135

576

566.1K

ogle me-retweet

Lighter@Lighter_xyz·1h

Today we will be burning ~15.5M LIT, which is the amount of tokens programmatically bought back through the end of Q2 2026. We will post the Ethereum transaction hash once completed.

Lighter@Lighter_xyz

x.com/i/article/2071…

English

329

32.6K

ogle@cryptogle·2h

PSA: 10% of Robinhood's net protocol revenue goes to @arbitrum DAO not many people have realized this yet - ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1

English

1.4K

ogle@cryptogle·3h

@blknoiz06 spot $ansem on @Lighter_xyz soon?

English

392

Ansem 🐂🀄️@blknoiz06·4h

$ANSEM spot live on hyperliquid 🥳🥳 app.hyperliquid.xyz/trade/ANSEM/US… huge fan of the unit/tradexyz team, have executed at an insane pace the last year first with spot markets on hyperliquid & then perps on other assets like stocks & commodities looking forward to working together

Unit@unitxyz

Spot Ansem deposits, withdrawals and trading are now officially live on Hyperliquid.

English

535

460

2.1K

227.3K

ogle@cryptogle·3h

@ajey_eth What would keep it from beating HL in the end?

English

302

ajey.lit (Perp Dex arc)@ajey_eth·4h

Lighter is still much smaller than Hyperliquid in terms of market cap. But over the long term, I think Lighter has the potential to reach at least half of Hyperliquid’s market cap. The biggest reason is execution cost. Lighter combines ultra-low latency with some of the lowest trading costs in the market. For example, if you place a $1M BTC trade, execution costs are roughly $203 on Lighter versus around $500 on Hyperliquid. And if you scale that to a $10M trade, execution costs are approximately $8.7K on Lighter compared to around $8.2K on Hyperliquid. When it comes to execution quality and pricing, most other perpetual DEXs aren’t even in the conversation. That’s it. Lighter 🕯️

ajey.lit (Perp Dex arc)@ajey_eth

Lighter generated 96K in revenue today. Over the last 30 days, Lighter has generated around $2.3M in revenue. It also feels like revenue has been steadily improving since the Telegram and Robinhood integrations went live. I wouldn’t be surprised if Lighter eventually reaches $10B in daily trading volume or starts generating $400–500K in daily revenue, especially if retail adoption continues to grow. That’s it. Lighter 🕯️

English

1.6K

ogle@cryptogle·4h

@blknoiz06 Fr though you've gotta do the next launch on @americadotfun, your creator rewards would be over $5m by now

English

376

Ansem 🐂🀄️@blknoiz06·6h

$1.4M in creator rewards in < 2 weeks

English

1.9K

423

6.1K

353.9K

ogle@cryptogle·5h

@iampaulgrewal @coinbase @brian_armstrong @Emilemc thanks a lot for your contributions to crypto Paul

English

351

Paul Grewal@iampaulgrewal·1d

After 6 years I’m leaving @Coinbase. I’ll be transitioning to an advisory role at the end of the month and continue my service on the Board of Coinbase National Trust Company. I will be a Coinbase ally for life and am grateful to @brian_armstrong, @emilemc and the Coinbase board for the opportunity of a lifetime. ⬇️

English

387

116

2.8K

685.3K

ogle me-retweet

Laura Shin@laurashin·1d

"This deal is 12 years in the making, or 25 years another way, because I went to high school with the Robinhood founder" Vlad on the personal history behind Lighter's Robinhood deal "I joked with the team, this deal is twelve years in the making, or twenty five years another way" "Because I went to high school with the Robinhood founder. We were the two lads at our school" "And twelve years ago, I was an early adviser to Robinhood"

Laura Shin@laurashin

How to Prove a Token Is Really Backed x.com/i/broadcasts/1…

English

135

36.7K

ogle me-retweet

Vladimir Novakovski@vnovakovski·19h

Fun to be back on The Chopping Block! We discuss everything from how value accrues to LIT, our partnership with Robinhood, to whether I tweet too much. Only thing we didn’t get to was order book vs RFQ debate, and somehow Tarun and I are never in one place.

The Chopping Block@_choppingblock

New episode: @vnovakovski on the Robinhood deal, the eternal token vs. equity debate, a masterclass in how not to run a DAO, and the largest financial disclosure in presidential history. Timestamps 00:00 Intro 03:40 Tokens vs equity 06:12 Fiduciary obligations 08:00 What happens when buyback capital runs out 12:42 Why launch a token 19:18 Comparing VVV to BNB 25:28 Lighter's Robinhood Chain deal 37:02 BonkDAO governance exploit & the $20M vote 47:09 Trump's $2.4B disclosure 🔥Stay updated by following and subscribing to @_ChoppingBlock and @unchained_pod! 🎥 YouTube: youtu.be/uI6KYVyyjVU 🎧 Spotify: bit.ly/3wiIOyy 🍎 Apple: bit.ly/3w9HQ7J 🎙 Podcast Home: choppingblock.xyz

English

104

9.2K

ogle@cryptogle·9h

People often ask me "how are you so early to a trade, so you get inside info?" No, I just watch and read every public word that has to do with the thing I'm considering investing in. This episode is great, and has some alpha in it regarding $LIT @Lighter_xyz

The Chopping Block@_choppingblock

English

ogle@cryptogle·9h

@RealKhaylee depositions are so fun! The preps take forever and sometimes so do the deps and it's a constant battle. Coming into one knowing everything about your position (and ideally being in the "right" to begin with) makes the process so fun tbh

English

668

Khaylee@RealKhaylee·1d

I love and hate prepping someone for a deposition. To make them understand how a deposition works, the first question I ask is, “Do you know what time it is?” Nearly every single time, the person will either check his or her watch, or look up at a clock. Then, they will say “Yes, it is 10:30.” At this point I just smile and shake my head. “No.” Then, I explain why their answer is wrong: I asked if they knew the time. Not what time it was currently. Me: “So what would your answer be then?” Witness: “Yes.” Me: “Wrong.” They didn’t know the time, because they had to look at a watch or clock. If you are ever deposed and do not have a bitch like me prepping you, remember this key: Listen to the question and answer only what is asked. And only what you actually know or recall. No charge for this advice.

English

476

952

23.5K

1.1M

ogle@cryptogle·12h

@shaundadevens The picture was out of date when posted by a factor of 2, and is more so now. OI and volumes are growing - indeed, let's see where it goes, but at least post factual data.

English

628

shaunda devens@shaundadevens·1d

Despite the success of Robinhood Chain, Lighter's instance has achieved only $559K in open interest. There are pros and cons to Lighter's partner integration strategy, but fragmenting liquidity across chains is never ideal. Let's see how it plays out.

English

11.5K

ogle@cryptogle·1d

@jacobagi @wolfofshelby "things gap up when there are more buyers than sellers" ... yes, I agree but under no circumstance will it take "modest" amounts of inflows to take a token from a $64 billion fdv to $325 billion bud

English

174

Jacob Agi@jacobagi·1d

@cryptogle @wolfofshelby "amount of capital" is a fallacy. Things gap up not because 100s of billions pour in, but because there are no sellers of the token at lower prices... so you need relatively modest amounts of inflows coupled with a reduction in outflows.

English

ogle@cryptogle·5d

is $350 $hype more likely, or is $12 $lit? both are 5x from here. one seems far more likely, faster (lighter) this is how you should think of where to put your cash, imo - not which is your "favorite" or which one's tribe you like best

English

109

16.9K

ogle@cryptogle·1d

Lighterliquid

English

1.8K

ogle me-retweet

𝗰𝘆𝗰𝗹𝗼𝗽@nobrainflip·2d

it’s really that simple.

Kalshi Crypto@Kalshi_Crypto

JUST IN: 50% chance Bitcoin drops below $50,000 this year

English

257

8.3K

1.3M

ogle@cryptogle·2d

@Slick_stanley imo they're both pretty well protected from significant downside (75%+), but the risk remains of course I usually calculate potential upside vs potential downside (r/r) based on my own analysis. In this case it is very significantly positively weighed toward $LIT

English

207

The Synthesizer@Slick_stanley·2d

@cryptogle How about downside risk?

English

ogle me-retweet

ivish@beingivish·2d

my honest view: lighter can do bigger % upside than hyperliquid, but only if it proves it can become distribution-first, not just another perp dex. right now the setup is actually interesting: → ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 is around $2.4–$2.5 → circulating market cap is around $600m → FDV is around $2.45b → lighter is already doing around $1.35b perp volume/day and $40b+ perp volume in 30d → protocol revenue annualized is around $72m, with trading fee revenue flowing into buybacks / holders revenue mechanics. that means lighter is not just “narrative.” it already has real volume, real fees, real revenue, and a buyback loop. my prediction framework hyperliquid:native at $70 doing a 5x means $350 hype. that puts hyperliquid in a monster valuation zone. not impossible, but it needs to become the onchain binance for perps. for lighter, because the starting market cap is much smaller, the upside can be more violent. at current ~$2.4: → base case: $6–$8 that’s just reclaiming / slightly pushing above its previous ATH of $7.86. this is very possible if volumes keep growing and market sentiment improves. → bull case: $15–$25 this happens if lighter becomes the clear #2 perp dex after hyperliquid, gets stronger liquidity, better markets, better mobile UX, and keeps growing through Robinhood / Telegram-style distribution. Robinhood said eligible users can access Lighter perps inside Robinhood Wallet, and Wallet in Telegram also launched perps via Lighter. → crazy cycle case: $40–$60 this is where lighter starts getting priced as a serious onchain exchange, not just a token. at $50, LIT would be around $12.5b circulating market cap and $50b FDV if total supply is 1b. Expensive, but not insane if the market starts valuing perp dexes like the future of crypto trading. → mania case: $80–$100+ possible only in full bull mania + hyperliquid going much higher + lighter becoming the robinhood/telegram-native perp layer. this is not my base case, but crypto does stupid things when revenue, distribution, and narrative line up. my personal target i would not be shocked to see LIT at $20–$30 in a strong cycle. that’s roughly 8x–12x from $2.40. the “how crazy can it go” number is $50+, but for that lighter needs to prove it is not just following hyperliquid. it needs its own lane. what lighter needs to do: → keep volume growing from $1b/day toward $5b–$10b/day → improve liquidity so big traders can enter without bad slippage → add more markets: crypto, stocks, commodities, forex-style perps → make Robinhood Wallet / Telegram trading feel stupidly simple → keep buybacks strong and transparent → avoid ugly token unlock pressure → become the easiest perp dex for normal users, not just crypto degens the big bet is simple: hyperliquid is the onchain binance for pro traders. lighter can become the onchain robinhood for perps. that second market can be massive. so my clean prediction: hype: $70 → $350 = 5x lit: $2.40 → $20–$30 = 8x–12x bull case lit crazy case: $50+ if distribution really hits not financial advice, but from a pure risk/reward angle, lighter has more upside because it is starting from a much smaller base. *views are personal*

English

3.6K

ogle@cryptogle·2d

@stutireal @krakenfx one of the top 3 reasons I'm glad I flew across the universe to effing Montenegro for Zuzalu was that we met and became friends. Good luck on your next adventure Stuti

English

500

Stuti@stutireal·4d

Some personal news: after ~4 years, I’m saying goodbye to the @krakenfx family and Triton Capital. I joined Kraken Ventures in 2022 because I believed blockchain is better infrastructure for financial services. Four years later, I believe it more… and somewhere along the way, the thesis grew: in tandem, AI will also remake money movement just as completely. I backed teams like @ethena, @Morpho, @monad and Smart Bricks, and contributed to the early conception of Ink, Kraken’s L2. I relentlessly educated on and pitched stablecoins (should I bring back “Stablecoin Stuti”?) Thank you to my current and former colleagues at Kraken and Triton for this opportunity, and above all to the founders who let me into their corner. I’m staying in San Francisco, and I’m not slowing down. More soon - in the meantime, founders my DMs are still open to you!

English

483

46.5K

ogle@cryptogle·2d

@opieaccount4 app.lighter.xyz/stats?tab=buyb…

QME

135

CryptoVegeta@opieaccount4·2d

@cryptogle i've heard that claim too, can you link the tx where it happens?

English

ogle@cryptogle·3d

"As of today, $LIT market cap is ~$650m, with annualised revenue of $72m, giving it a P/S ratio of 9.02, which is about half of Hyperliquid's P/S ratio of 18.84, with a $15.62b market cap and annualised revenue of $830m. Additionally, Lighter posted 34% MoM revenue growth last month, following consistent negative MoM growth since the start of the year."

Castle Labs 🏰@castle_labs

$LIT has risen over 80% in the last 30 days. Their recent uptick is due to two major announcements: ✦ Tokenomics Update: On June 30th, @Lighter_xyz announced an update to their tokenomics, which would now burn all the repurchased LIT from the revenue, which would be 15.5 million LIT tokens (6.3% of the supply). With this, the protocol is also targeting a staking yield of 6%, which, at the current staking level of 125 million tokens, would distribute 7.5 million LIT. ✦ @RobinhoodApp Partnership: Robinhood Wallet will now offer perpetual trading with USDG as the quote asset through a Lighter instance deployed on the Robinhood Chain. Lighter is pursuing a horizontal expansion strategy, aiming to build separate liquidity, unlike its main competitor, Hyperliquid, which focuses more on vertical expansion and uses a single execution engine, HyperCore. As of today, $LIT market cap is ~$650m, with annualised revenue of $72m, giving it a P/S ratio of 9.02, which is about half of Hyperliquid's P/S ratio of 18.84, with a $15.62b market cap and annualised revenue of $830m. Additionally, Lighter posted 34% MoM revenue growth last month, following consistent negative MoM growth since the start of the year.

English

6.4K

ogle@cryptogle·2d

@opieaccount4 wut? it's directly correlated via revenue distribution & tokenomics 100% of trading fee rev goes to buying+burning $lit, staking lit gives trading fee discounts among other things, and expansion (like to RH or Telegram) drives more volume, more fees, and therefore higher price

English

262

ogle me-retweet

Jamjod Snaj@JamjodSnaj·2d

There is a strong argument to be made that $LIT is this cycle's $SOL. Both $LIT and $SOL were considered left-for-dead VC scams. They both faced established, monopolist incumbents in $ETH and $HYPE. $SOL had to fight every step of the way against $ETH maxis fudding even obviously bullish developments. $LIT has had to fight every step of the way against $HYPE maxis fudding even obviously bullish announcements. Both $LIT and $SOL offer a cheaper, more performant alternative to the higher fees and slower block times of their competition. And even their competition is in an eerily similar position. $ETH maxis believed that $ETH + L2s was the only smart contract chain that needed to exist. $HYPE maxis believe that $HYPE + HIP3 is the only perp dex that needs to exist. $ETH maxis watched as several Ethereum killers, such as $AVAX, $TERRA and $ADA tried and failed to launch competitive products. $HYPE maxis watched as several Hyperliquid competitors such as $DYDX, $GMX and $DRIFT tried and failed to take any meaningful amount of Hyperliquid's market share. ETH's long track record of success, capped off by their successful transition to PoS, lead to a culture of complacency that allowed the hungrier SOL community to grow quickly. ETH maxis' continued fud provided the fuel for a monster hated rally that allowed SOL/ETH to move from a bottom of .01 to a peak of .09, for a total of an 800% increase in SOL relative to ETH. HYPE's long track record of success, capped off by the explosive uptake of HIP3, might lead to a culture of complacency that allows the hungrier LIT community to grow quickly. If HYPE maxis continue to fud all things LIT, that might provide the fuel for a monster hated rally. LIT/HYPE appears to have bottomed at .0175. If LIT goes on a similar run to SOL, that could put the top of LIT/HYPE at .1575, for an implied valuation of $10.94 per LIT at HYPE's current price. This is a rough comparison that lacks nuance, but I think it can act as a useful mental model. And while there are many important differences - HYPE is nowhere near as complacent as ETH was, for example - the similarities these coins demonstrate are compelling and should be considered. One last similarity I find fun is that both ETH and HYPE maxis refuse to entertain the idea of diversification - simply owning both the incumbent and the challenger- while SOL and LIT bulls champion it. Rationally, these roles should be reversed. The incumbent should be the one to lobby for prudent hedging, while the challenger favors reckless over-concentration. I think it is telling that, just like SOL, LIT feels confident enough to say, "we don't need your money, but we're telling you, we're coming for you, and you're gonna want a hedge if we're successful." And, just like ETH, the HYPE maxis respond by saying, "We do not need any exposure to anything else but HYPE. You will fail just like everyone else who has tried."

English

102

10.9K

Jelajahi

@arbitrum @blknoiz06 @Lighter_xyz @ajey_eth @americadotfun @iampaulgrewal @coinbase @brian_armstrong