Austin D

Was great getting to connect with everyone at the @ERCOT_ISO Innovation Summit 🔋

@EceVortex @CoinbaseMarkets Not really.

@CoinbaseMarkets Wild move by Coinbase.

Coinbase will end support for USDC deposits and withdrawals on the Noble network on August 17, 2026. USDC remains fully available to you on all other supported networks. What does this mean for you? Read more in the thread ⬇️

The largest unhedged commodity position in America might be sitting inside AI datacenters. Everyone argues about GPU depreciation. Fair. But flip the ledger over. A GPU cloud signs a 2 to 5 year take-or-pay contract at a fixed hourly rate. Revenue: locked. Debt service: locked. CoreWeave alone carries roughly $1.2B in annual interest that comes due whether utilization is 95% or 50%. Power? Floating. Repriced every hour, 8,760 times a year. Fixed revenue on top of a floating fuel cost is a spark spread. Merchant generators learned to hedge that exposure decades ago, usually the hard way. Airlines hedge jet fuel. Utilities hedge gas. Most GPU clouds run the same book with no hedging desk. The lawyers see it too. Quinn Emanuel's client alert on AI datacenter financing lists unhedged energy cost differentials as a contagion risk that can spread through the whole financing stack. I spent years in energy infrastructure before derivatives, and this is the part of the AI trade I can't stop staring at. The market cap conversation is about chips. The margin conversation should be about megawatts. Honest question for the energy traders in my feed: who is actually hedging this today, and with what?

@eck0wns It's tough out here in these streets ha.

seeing a lot of noobs fall for the $MSTR "p0nzi" bait, thanks for playing

@rom1trs VOX

I built a Claude skill that makes Vox-style ads > writes the voice-over > breaks the ad into clips with timestamps. > Recreates the video with Arcads MCP in Claude Comment "VOX" and I'll send you the skill

Last Wednesday, the biggest power grid in America admitted it's running out of room. PJM keeps the lights on for 67 million people across 13 states. It added a "capacity advisory" to flag when electricity supply could get tight. Not because of a heat wave or a polar vortex. Just an ordinary Tuesday. This time it's the data centers. They pull power at a density the grid was never built for, and they don't ease off at night or on weekends. So power starts to trade like a commodity in short supply: lumpy, volatile, hard to plan around. When something gets scarce and volatile, the people exposed to it need two things: a real price, and a way to hedge it. Energy markets are about to find out if their tools can keep up. What happens to power prices when compute sets the peak?

@0xGunner I like the part where it dubstepped

Banger video for a chad feature Just use Jumper

Proud of this team!

@SphinxProtocol @gcperrin @SenatorBennet @SenatorHick @standwithcrypto @FundDefi Sphinx takes DC

Our co-founder Greg Perrin (@gcperrin) was on the Hill this week, wrapping meetings with the offices of Senator @SenatorBennet and Senator @SenatorHick alongside @StandWithCrypto and @FundDeFi. Greg made the case as a founder and builder: what real regulatory clarity would mean for the people writing code right here in Colorado, and why developer protections need to stay intact as the Clarity Act moves toward a floor vote. Sphinx is building market infrastructure for U.S. energy derivatives, so the rules of the road are something we think about every day. Good to see Colorado's delegation making time for the people actually building in the state. Thank you to the Senators' staff for the conversation.🇺🇸

𝗪𝗵𝘆 𝗣𝗼𝘄𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗔𝗿𝗲 𝗕𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗖𝗿𝗼𝘀𝘀-𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 A power trader in 2026 is, in practice, also a: 💨 Weather trader, because temperature, wind speed, and cloud cover drive most short-dated price action ⛽️ Gas trader, because gas-fired generation sets clearing prices roughly half the time across most U.S. ISOs 🪙 Crypto trader, because Bitcoin volatility now feeds directly into ERCOT load patterns 📊 Macro trader, because data center build-out timing depends on rate cycles and AI capex 🗺️ Geopolitical trader, because LNG export economics shape domestic gas prices, which shape power Each correlation is real. Each one introduces basis risk for participants whose hedging toolkit was designed for a single-asset framework. Power markets used to be a relatively closed system. Demand was forecasted from temperature data. Supply was scheduled from generation availability. Prices cleared against a stable set of inputs. That framework no longer describes the market that traders are pricing today. What replaced it is a cross-asset market where the most important variables sit outside the power complex entirely. The financial infrastructure to manage exposure across that broader surface is one of the defining build-outs of the next several years. #PowerMarkets #EnergyTrading #ERCOT #DataCenters #LNG #Geopolitics

Sphinx Market Trials is live 🔥 🏆 10,000 USDC in prizes ⌛️ 6 weeks ✍️ 20 questions 📈 Real traders showing their expertise Week 1 is live. Analyze your positions and stay on top of every new question. Link in comments 👇

@Melt_Dem Good.

all permissioned blockchains incredible stuff

Sphinx HQ is energetically pushing on all fronts! Be sure to follow @SphinxProtocol for powerful updates ⚡️⚡️⚡️⚡️⚡️

@Shenanigrahams @AvaLabs Nice move!

Well, it’s official now I have joined @AvaLabs as the new Head of Emerging Tech with the laser focus to get blockchain tech embedded in more businesses After a year off for baby-rearing I am thrilled to be back in the saddle, working alongside an amazing team that I’ve had the privilege of calling friends over the past years Let’s put a nail in the coffin of “blockchain is useless” articles and start showing the world how much more efficient they can be on digital financial rails

Everyone says the future of markets is onchain. They are half right. The future is always-on, self-custodial, and institutional-grade. Sphinx Protocol gives users: • Self-custody • 24/7 exposure • Transparent pricing All for the world's biggest market: commodities.

@SphinxProtocol It's about to go down.

Any idea what this is? 👀 Loading...

Volatility doesn’t blow traders up. 💥 𝐌𝐚𝐫𝐠𝐢𝐧 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐬 𝐝𝐨. That’s why perpetual swaps (“perps”) are such a powerful instrument for volatility trading — and it has almost nothing to do with crypto culture. Perps are engineered for continuous risk: • 𝐍𝐨 𝐞𝐱𝐩𝐢𝐫𝐲 → 𝐧𝐨 𝐫𝐨𝐥𝐥 𝐟𝐫𝐢𝐜𝐭𝐢𝐨𝐧 You’re trading the move, not managing calendar spreads and liquidity migrations during a spike. • 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥 𝐢𝐬 𝐞𝐱𝐩𝐥𝐢𝐜𝐢𝐭 𝐚𝐧𝐝 𝐚𝐥𝐰𝐚𝐲𝐬 𝐦𝐚𝐫𝐤𝐞𝐝 Positions are governed by posted collateral and real-time mark-to-market, not a workflow that can lag at the worst moment. • 𝐑𝐢𝐬𝐤 𝐞𝐧𝐟𝐨𝐫𝐜𝐞𝐦𝐞𝐧𝐭 𝐢𝐬 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐚𝐥 When collateral drops below maintenance, reduction/liquidation happens automatically. Sounds harsh — but in high vol markets it prevents risk from silently accumulating until a margin call process catches up. • 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐚𝐜𝐭𝐬 𝐥𝐢𝐤𝐞 𝐞𝐦𝐛𝐞𝐝𝐝𝐞𝐝 𝐜𝐚𝐫𝐫𝐲 Perps naturally fit 𝐬𝐡𝐨𝐫𝐭-𝐡𝐨𝐫𝐢𝐳𝐨𝐧, 𝐡𝐢𝐠𝐡-𝐭𝐮𝐫𝐧𝐨𝐯𝐞𝐫 positioning (how most vol traders actually trade). Longer-term exposure often belongs in futures/options. High leverage in perps isn’t “magic.” It’s enabled by a simpler, stricter contract design: 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐜𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥 + 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐫𝐢𝐬𝐤 𝐜𝐡𝐞𝐜𝐤𝐬. The punchline: Perps are ideal for volatility trading because 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤 𝐬𝐲𝐬𝐭𝐞𝐦 𝐦𝐨𝐯𝐞𝐬 𝐚𝐬 𝐟𝐚𝐬𝐭 𝐚𝐬 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐨𝐞𝐬. If you’ve ever traded through a violent move and thought, “the market isn’t my biggest risk — the margin process is,” you get it.