Ξliézer Ndinga

I'm happy to share that I'm starting as Global Head of Research & Founding Venture Partner @21shares. It's been an honor to build the research department from scratch and develop talented individuals over nearly 6 years as a founding team member of @21shares. Excited to continue sharing contrarian insights, differentiated research, and investing in next-generation protocols and apps as a next challenge!

On the @theallinpod this week, @chamath asked @nvidia CEO Jensen Huang about decentralized AI training, calling our Covenant-72B run "a pretty crazy technical accomplishment." One correction: it's 72 billion parameters, not four. Trained permissionlessly across 70+ contributors on commodity internet. The largest model ever pre-trained on fully decentralized infrastructure. Jensen's answer is worth hearing too.

@hagaetc @HyperliquidX @21shares @Dune Thanks, boss!

@elindinga @HyperliquidX @21shares @Dune Good to have you back!

.@HyperliquidX has become the global liquidity index after market close amid geopolitical conflicts. While like oil, gold, and silver traded over $1B in daily volume, bitcoin dominates traders’ mindshare with over 50% market share. Also, we at @21shares are so back on @Dune 🔥

@Raph_Bloch Fancy!

I’ve been to NYC 5 times in the past 18 months. The first time, you have no network. The second, you meet a few people. The third, you make a couple of great connections. The fourth, you start building a network. The fifth, you start doing business. There aren’t many places like this on the planet. It takes a lot of work and investment, but it’s so worth it. Thanks, NYC 🙏

The Bigger Short cc @michaeljburry

@gregory_raymond @Raph_Bloch 🤣🤣🤣

From Reuters to The Big Whale See you in June in my hometown 🇫🇷🇫🇷 It’ll be wild!

I'm going to make some obvious points. (1) Blowing up all the oil infrastructure in the Middle East is an insane idea, and may well result in a global economic crash and humanitarian crisis unrivaled in the lives of those now living. We're talking about the price of everything everywhere rising, from food to gas, at a moment when inflation was already high. All of that will be laid at the feet of the authors of this war. (2) The antebellum status quo of Feb 27, 2026 was just not that bad, but we're unlikely to return to it. Expect indefinite, long-term, ongoing disruptions to everything out of the Middle East. (3) Also assume tech financing crashes for the indefinite future. The genius plan to get the Gulf states caught in the crossfire has incinerated much of the funding for LPs, for datacenters, and for IPOs. Anyone in tech who supported this war may soon learn the meaning of "force majeure" as funding gets yanked. (4) Many capital allocators will instead be allocating much further down Maslow's hierarchy of needs, towards useful basic things like food and energy. (5) It's fortunate that all those progressives yelled about the "climate crisis." Yes, their reasoning about timelines was wrong, and much of the money was wasted in graft, but the result was right: we all need energy independence from the Middle East, pronto. It's also fortunate that Elon and China autistically took climate seriously. Now they're going to need to ship a billion solar panels, electric vehicles, batteries, nuclear power plants, and the like to get everyone off oil, immediately. (6) It's not just an oil and gas problem, of course. It's also a fertilizer problem, and a chemical precursor problem. Maybe some new sources will come online at the new prices, but it takes time to dial stuff up, particularly at this scale, so shortages are almost a certainty. That said, China has actually scaled up coal-to-chemicals[a,c] (C2C), and there's also something more sci-fi called Power-to-X[b] which turns arbitrary power + water + air into hydrocarbons. But all of that will need to get accelerated. I have a background in chemical engineering so may start funding things in this area. (7) Ultimately, this war is going to result in tremendous blame for anyone associated with it. It's a no-win scenario to blow up this much infrastructure for so many people. Simply not worth it for whatever objective they thought they were going to attain. But unless you're actually in a position to stop the madness, the pragmatic thing to do is: scramble to mitigate the fallout to yourself, your business, and your people. [a]: reuters.com/business/energ… [b]: alfalaval.com/industries/ene… [c]: reuters.com/sustainability…

HIP-3 volume share on Hyperliquid has seen an explosive 10x increase Climbing from 2.7% at the start of the year to 25% today. As TradFi moves onchain through HIP-3 @tradexyz , the resulting fee growth directly fuels increasing $HYPE buybacks. $HYPE flywheel in motion

Someone asked if it's a good idea to start a startup when you have nothing notable on your resume. Absolutely. All that matters in a startup is whether users like the product, and users don't care (either way) what's on your resume.

Just sent money to a friend with @tempo. (Try it at wallet.tempo.xyz) Truly instantaneous blockchains are the most surprise-and-delight product experience since Waymo.

The co-founder of the most successful payments company of the past decade says blockchain payments are one of the most surprising and delightful product experiences. Probably nothing.

@OttoSuwen 😂😂😂

Kalshi in a few days

Something big is cooking in NYC with @TheBigWhale_ Stay tuned 😎

@Dune @hagaetc @stripe @tempo That’s awesome! We are ready to nerd out!

Frictionless onchain data access for AI agents. Live today on Dune, built on MPP with @stripe and @tempo 🌊 No subscription. No account. No human in the loop. Agents pay per query across 130+ chains — stablecoin flows, DEX volumes, wallet activity, and more. Tempo chain data coming to Dune soon.

This is what @HyperliquidX and @Polymarket should add this powered by AI agents, so humans can be amplified and touch more grass. The social layer only makes sense built on top of the financial layer in crypto. Social can’t be a standalone product. There’s already X for that.

Metaverse landowner was definitely a top signal on LinkedIn. Meta just shut it all down after pouring +$80B cumulatively into the metaverse. So bullish that they changed their corporate name and ticker to META from Facebook 👀

@AlistairByas @AndrewJacobson_ @solana Legend!

@AndrewJacobson_ @solana 🎯

SOL was already a commodity when the SEC approved SOL ETFs (which I was the first to file for back in the day @solana! 😉) Funny story: when the SOL ETF was first filed, we received an unofficial rejection from the SEC because they claimed it was a security. Alas here we are.

We're excited to announce 'The Situation Room' by Polymarket is coming to Washington, D.C. The world's first bar dedicated to monitoring the situation. 🧵

@0xTakeProfits @HyperliquidX @21shares @Dune That’s awesome, thanks for sharing!

@elindinga @HyperliquidX @21shares @Dune We covered in our latest issue how HIP-3 has already almost reached $100B in cumulative volume Would love to hear your feedback

. @HyperliquidX started as a crypto perps venue. HIP-3 is changing that fast. @21shares built a dashboard tracking the shift: volume composition across core vs HIP-3 markets, OI trends, and daily fees. CL/USD alone has seen significant volume growth in a matter of weeks.

This is kind of a big deal. SPX officially trading 24/7 on hyperliquid. Markets are evolving.