Tree

@SBF_FTX "your honor they put their money in lending so it was fair for me to divert it into seed ventures, unlimited funding for the sinking unprofitable trading firm I co-founded, and mansions for my family" add 10 more years

FTX had the liquidity to cover spot. Most assets were in the margin/lending program. (Customers, incl. Alameda, could opt into margin trading using a shared collateral pool.) FTX could cover the rest. No margin exchange is 100% liquid. storage.courtlistener.com/recap/gov.usco… storage.courtlistener.com/recap/gov.usco… storage.courtlistener.com/recap/gov.usco…

@0xlykt the best part is if you're tracking the feed, every time a headline says "company partners with polymarket and kalshi" the first one removes kalshi from it and the second one removes polymarket

who could have thought that news terminals which regularly include polymarket and kalshi in their headlines were sponsored by them?

@willoptions @nikitabier @infodexx @DeItaone I hope he doesn't look into @zoomerfied as well this would be horrible

@nikitabier @infodexx do @DeItaone next

Most Valuable Startups of 2025 🦄 1. 🇺🇸 Thinking Machines (AI) — $12B 2. 🇺🇸 Kalshi (Fintech) — $11B 📈 3. 🇺🇸 Harvey (AI) — $8B 📈 4. 🇺🇸 OpenEvidence (Health AI) — $6B 5. 🇺🇸 Abridge (Biotech) — $5.3B 6. 🇺🇸 Supabase (Dev Tools) — $5B 📈 7. 🇺🇸 Baseten (AI) — $5B 📈 8. 🇺🇸 Quince (Retail) — $4.5B 9. 🇺🇸 Saronic (Defense) — $4B 10. 🇺🇸 Decart (AI) — $3.2B 11. 🇺🇸 Filevine (Legal Tech) — $3B 12. 🇺🇸 Field AI (Robotics) — $2B 13. 🇺🇸 Chaos (Defense Tech) — $2B 14. 🇳🇱 Framer (Design) — $2B 15. 🇸🇪 Neko Health (Health) — $1.8B 16. 🇸🇪 Lovable (AI) — $1.8B Note : All reached/surpassed unicorn status in 2025 Source: Crunchbase, TechCrunch, BestBrokers

@0xkrane he's been there 1.5 years and still thinks "it's not bad that we used customer funds because the investments eventually went up a lot" add another 20 years

funny how he revised anthropic up without revising the coins down you can tell he hasn’t lost his panache for creative accounting

@0xkyle__ x.com/Tree_of_Alpha/…

does there exist a insilico terminal equivalent for stocks - esp for ibkr / webull and is it possible to build this?

@Crypto_Noddy @chameleon_jeff common noddy cook

Not discrediting what Hyperliquid has achieved - clearly it's both a major source of liquidity and price discovery, as shown with several ~$1B positions having been opened (congrats!) - but this type of surface level comparison of book depth as a measure of liquidity is pretty misleading. $1 in HL OB ≠ $1 in Binance OB. Hyperliquid implements a "speedbump" (cancel orders have priority against taker orders) so essentially any maker can place orders of size, in which they have no intention of filling. In contrast to Binance, there is no way really to duck from an incoming order because i) you don't see it and ii) the cancellation vs new order placement latency is very similar. These two factors make it much easier to get picked off providing liquidity. As an example, if we take a recent short-term movement in ETH perps from today at 9:41PM UTC, likely led by Binance, you can see quite clearly the difference in the actual available liquidity across exchanges for this period. Hyperliquid, having only ~$2.5M volume, is working by design to combat "toxic takers". What may have been ~$20m at ±0.7% book depth liquidity starting from $2,914 (before the move upwards) has largely been cancelled, leading to very few matches and thus low volume. Looking at only the :22 bubbles, other CEXs show a substantially larger amount of liquidity being taken, despite their order books not appearing “as liquid.” Just as you wouldn't say "it only takes $2.5M to move ETH 0.70% on HL" (true here under these conditions, but generally not), you also wouldn't compare these orderbooks in the first place as they have completely different properties!

Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right). With HIP-3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance.

After more than a year in development, we are live! PvP TradFi is a modular, low-latency news-trading platform built for active traders who want crypto-grade UX with real TradFi execution. Trade the @TreeNewsToken feed alongside hand-curated sources and AI-generated summaries designed for market impact.

@db19crypto @based16z keep yourself safe

The funniest thing about lighter is how hard it is to scan on tree bot. like u seem like a hardo just scanning it

@banteg finally blocked french people enough is enough

made this extension in half an hour. it's trivial to go from this to region blocking and further dividing the global town square.

imagine building a product people actually use and get told you can't sell your tokens, while Ripple dumps billions on retail for years with 0 consequences for a product no one has ever used absolute grifting masterclass

@poordart thought this was common knowledge, he never really hid it + openly said he was

.

@banteg x.com/settings/about…

🚨 twitter is rolling out geodoxxing it shows country you registered in, county of app store you use, country you are connected from. right now visible to you when you click on joined date, soon to everyone. go to settings - privacy - about your account - use region/continent

bitcoin price is going down even though I did everything right: -I contributed to the presales of all my favorite influencers -I bought ansem's dog and every one of cz's dog -I bought tier-1 memes like fartcoin and useless can someone do something please

@tradfi cleanest handle

Attention: handle change @tradfi is now just @tradfi

bought some coins if it keeps going down simply assume I exited safely with no losses whatsoever

@cryptobyrde @pvpterminal @tradfi @willoptions maybe if prices keep sucking I don't fit in very well with the crowd of influencers shilling garbage that higher prices always bring

@Tree_of_Alpha @pvpterminal @tradfi @willoptions starting to tweet actively again?

gm the team at @pvpterminal is working on a tradfi terminal, including options, for the tree ecosystem. follow @tradfi for a live feed curated by @willoptions from all Tree News sources. gn

if this is the easy road I'm driving myself into a ditch I didn't sign up for this

@chamathsintern tree terminal was gonna support lighter trading last May but recoiled in horror at the sight of the api big ngmi fumble

in case you wanted financial advice lighter is possibly the worst architected and least stable api ive seen in my entire career. it does not work they just raised 60m from founders fund btw

@SalsaTekila marketing so ass bro had to ask