Arush (FTX Creditor)

@tmnxeq This is nuts

> [T]he defendants staged "dummy" servers — non-working, physical replicas of the U.S. Manufacturer's servers — for [passing compliance] inspection ... [T]he actual servers from the U.S. Manufacturer had already been unlawfully shipped to China. 👏👏👏

@tmnxeq Wow

>SMCI brought back its co-founder despite 2018 accounting fraud ties >Now he's federally charged with helping reroute $2.5B+ in restricted AI tech to China 👏👏👏

@felixprotocol Sick

Felix spot equities update There are now 61 new spot equity assets available on Felix private mainnet, many of which were requested by beta users. This addition brings the total available spot equities to 264. More information on alpha launch will be shared soon. Newly available equities are listed here for current beta users: >Space, Defense & Aerospace ASTS — AST SpaceMobile LUNR — Intuitive Machines NOC — Northrop Grumman RDW — Redwire RKLB — Rocket Lab >Clean Energy & Power ENPH — Enphase Energy GEV — GE Vernova SEDG — SolarEdge Technologies >Mining, Materials & Commodities ALB — Albemarle FCX — Freeport-McMoRan NEM — Newmont SCCO — Southern Copper UEC — Uranium Energy >International Equity ETFs ECH — iShares MSCI Chile ETF EWJ — iShares MSCI Japan ETF EWY — iShares MSCI South Korea ETF EWZ — iShares MSCI Brazil ETF FXI — iShares China Large-Cap ETF INDA — iShares MSCI India ETF KWEB — KraneShares CSI China Internet ETF >Crypto Spot ETFs ETHA — iShares Ethereum Trust ETF FSOL — Fidelity Solana Fund IBIT — iShares Bitcoin Trust ETF >Crypto-Linked Equities ENLV — Enlivex Therapeutics EXOD — Exodus Movement GLXY — Galaxy Digital >Commodity ETFs BNO — US Brent Oil Fund GLTR — abrdn Physical Precious Metals Basket OIH — VanEck Oil Services ETF PPLT — abrdn Physical Platinum Shares ETF UNG — US Natural Gas Fund URA — Global X Uranium ETF >Fixed Income ETFs HYS — PIMCO 0–5 Year High Yield Corporate Bond ETF IEF — iShares 7–10 Year Treasury Bond ETF SHY — iShares 1–3 Year Treasury Bond ETF >US Sector & Thematic Equity ETFs CIBR — First Trust NASDAQ Cybersecurity ETF ITA — iShares US Aerospace & Defense ETF PAVE — Global X US Infrastructure Development ETF SOXX — iShares Semiconductor ETF VNQ — Vanguard Real Estate ETF >Compute, Storage & AI Infrastructure APLD — Applied Digital COHR — Coherent CRWV — CoreWeave IONQ — IonQ NBIS — Nebius Group QUBT — Quantum Computing SNDK — SanDisk STX — Seagate WDC — Western Digital >Biotech & Pharma CAPR — Capricor Therapeutics REGN — Regeneron Pharmaceuticals VRTX — Vertex Pharmaceuticals >Industrials, Infrastructure & Transportation ETN — Eaton UNP — Union Pacific VFS — VinFast Auto WM — Waste Management

@Derivatives_Ape @lordnarfz0g good lord

This is not a new concept. The Ethereum Foundation has been doing this since 2020.

a week premature and no conviction because brent-wti collapsed even more before exploding but clearly spending a cycle learning about oil was a lot more +EV than chasing basis can't make the same mistake on natgas now

@tradexyz @unitxyz we want to help. Pls DM. Can’t seem to get connected to you guys theinformation.com/articles/littl…

We are Unit Labs, the team behind @unitxyz and @tradexyz. We’re looking for elite talent to scale the team, starting with senior SWEs, devops, and quant researchers. You’ll join a small team building the asset layer on Hyperliquid. Since launch, our deployments have facilitated $150B+ in volume across spot crypto, equities, commodities, and FX. We believe perps have the potential to reshape capital markets the way stablecoins reshaped payments, a step-function change in how assets trade and settle. Our mission is to bring the world's asset classes onchain and to become the venue for global price discovery. Requirements: - Have built distributed systems at scale - Demonstrated history of taking products from 0 → 1 - In-person in Asia or NY, relocation covered Apply using the link below: x.com/tradexyz/jobs

@oost_marcel There is one way for eu to compete: 0% corporation tax

🚨𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: European Commission President Ursula von der Leyen unveiled EU–INC, a new framework that lets you launch a company in 48 hours for under €100 Starting a company across the EU today = 27 legal systems, 60+ company structures 🤯 That might be about to change… The European Commission just introduced 𝗘𝗨 𝗜𝗻𝗰., a new optional corporate framework designed to make Europe actually function like one market. Here’s what stands out: → Set up a company in 48 hours → Cost: < €100 → Fully online, no minimum capital → One single framework across all EU countries → Easier share transfers & fundraising → EU-wide employee stock options (huge for talent) Especially the EU-wide stock option plans, taxed only when employees actually sell (instead of when granted) is huge. This makes it far easier for startups to attract and retain top talent, finally putting Europe closer to the US playbook. Source/More info: ec.europa.eu/commission/pre… In short: This is Europe trying to compete with the simplicity of a Delaware C-Corp 🇺🇸 And honestly… it’s long overdue. For years, European founders had 2 choices: 1. Stay local and deal with fragmentation 2. Move to the US to scale 𝗘𝗨 𝗜𝗻𝗰. is trying to remove that trade-off. If executed well, this could be one of the most important structural changes for European startups in decades. What do you think?

@felixrieseberg Was just talking about this and you shipped it within 6 hours

We're shipping a new feature in Claude Cowork as a research preview that I'm excited about: Dispatch! One persistent conversation with Claude that runs on your computer. Message it from your phone. Come back to finished work. To try it out, download Claude Desktop, then pair your phone.

@GuthixHL @nativemarkets @ammori Ok so this is only for supplying USDH for others to borrow, not for you to borrow against your own USDH using portfolio margin

@arush @nativemarkets @ammori like i mentioned you can collateralize an EVM loan with pmUSDH on something like Morpho once live. This doesn’t affect Portfolio Margin Earn deposits, which are nontransferrable

@GuthixHL @nativemarkets @ammori So what exactly can you do with pmUSDH?

@arush @nativemarkets @ammori Collateralizing a loan with pmUSDH would be done via an EVM app like Morpho. You can’t collateralize a position with pmUSDH or USDH Earn deposits on HyperCore.

@Mclader Can you help me understand this x.com/arush/status/2…

pmUSDH unlocks new ways to use USDH — more optionality for users ❤️‍🔥

@typesfast Not a chance

He’s getting a pardon

@BruceKnuteson @michaeljburry Isn’t this just because earnings are announced after market close ?

@michaeljburry @michaeljburry, you might also mention the market manipulation described in ssrn.com/abstract=46190… that likely caused most of the positive returns to the U.S. stock market over the past three decades.

In light of market events, I am making this article free for the next 24 hours. Foundations: U.S. Market Structure & Value Powerful Trends, Increasing Fragility & Coiled Tension open.substack.com/pub/michaeljbu…

@santiagoroel tradfi is the new defi

Tokens convert to equity then back go tokenized equity Suspect we’ll see many more of these

@Yogita_Khatri5 @paradigm @AcrossProtocol This can be done without a C-Corp via ADR

Across Protocol wants to become a private company 👀 @paradigm-backed @AcrossProtocol posted a temperature-check proposal exploring a move from a DAO to a U.S. C-corp where ACX holders could exchange tokens for equity. If approved by the community, holders could either • exchange ACX for equity at a 1:1 ratio, or • redeem tokens for $0.04375 in USDC, a 25% premium to the one-month average price. ACX is already up over 33% since the proposal.

@Delphi_Digital @SuperstateInc Do shareholders actually want their ownership publicised on cap tables? I don’t think any institutions want this, will likely need a conduit like Cede & Co

Tokenized equities are coming onchain, but current solutions have ownership limitations. @SuperstateInc built the infrastructure to make token holders actual shareholders. They registered as an SEC transfer agent, recording token holders directly on the shareholder registry with full voting rights and dividend entitlements. Once ownership is settled at the registry level, DeFi starts to work for equities in ways it couldn't before. Tokenized shares can be posted as collateral on lending protocols and Superstate tracks beneficial ownership even when tokens are deposited across protocols. Volume is still light and permissioned access limits composability with DeFi. But the ownership layer is live and each new integration builds on the last.

@degennQuant @HyperliquidX Is there a way to make this work without all the clicks ?

I took profit on my $CL trade this morning and swept it to my Liquid Banking card immediately. WAIFU then paid for groceries with that. Is this how we house all of finance? Powered by @HyperliquidX

@SeanRistau @fintechfrank @mcagney @Figure Figure is doing something that parallels this, with non-DTCC shares

@fintechfrank Isn't figure doing something like this? @mcagney @Figure

NEW: Nasdaq is designing a framework for tokenized equities that would allow stocks like Nvidia or Tesla to trade either as traditional shares or as blockchain-based tokens. Both versions would share the same CUSIP, making them interchangeable and settling through the Depository Trust system. Kraken will distribute the tokenized versions globally. Source: WSJ

@VietnamPenguin Savage

Look on the bright side of the LIT situation: now we all get to invest in Lighter ~30% cheaper than Robinhood and Founders Fund did.