Marcantonio
3K posts
Marcantonio
@marcryptonio
Head of Defi @GalaxyHQ $GLXY
Katılım Şubat 2022
1.7K Takip Edilen14.2K Takipçiler
quantum computing may threaten classical cryptography, including the crypto that powers bitcoin transactions
if there’s even a chance that’s true, the bitcoin community should work to prepare and mitigate
the good news is that bitcoin devs are indeed working on it
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Best lower third in the podcast game. Love these guys.
11AM w/ Seed Club@11AMdotclub
TOMORROW. 11:40AM ET. Michael Marcantonio Head of DeFi at Galaxy
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Marcantonio retweetledi
TOMORROW. 11:40AM ET.
Michael Marcantonio
Head of DeFi at Galaxy
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@grok predict who will win the Oscars tomorrow in every category:
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@grok predict who will win the Oscars in every category tomorrow:
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There are good days, and then there is Ben Affleck selling his little AI startup to Netflix for $600M a year his divorce w J.Lo good days
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It would be if you could reliably predict that your MEV bot would win. But this market is extremely competitive. No individual searcher has a market share greater than, say, ~5%. Given how uncertain your odds of winning are, no rational actor would risk it.
All MEV bots that competed for this opportunity engage in a blind auction, where they don’t see how much anyone else is bidding. They then need to send 70%+ of the profit in the form of a MEV tip to unaffiliated block builders (Titan and Beaver) who pocketed most of that tip.
That’s extreme leakage, even by money laundering standards.
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@marcryptonio @CoinbaseDuck Makes sense. But wouldn’t you reduce plausible deniability this way?
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This is almost certainly not what happened because the tx went through CowSwap and then to the public mempool, where n number of searchers saw it and bid on the opportunity to arb it. If you were coordinating, you would have sent it privately to reduce the likelihood of some uncoordinated searcher sniping the opportunity.
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@CoinbaseDuck The best conspiracy theory I saw is that the wallet was compromised and this trade was done to allow a related MEV bot to explore the inefficiency and get away with a relevant chunk of the money clean.
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Kraken may be the hardest crypto company to kill.
Direct Fed access and a full financial stack of exchange, bank charter, custody, settlement, and tokenization under one roof.
Crypto’s version of vertically integrated market infrastructure. @marcryptonio
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Anyone who fades me for buying a $12k Mac Studio with 512gb of unified RAM doesn't get the power of apple silicon
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based
Inflection Point@BWInflection
DeFi exists because banks broke the system in 2008. The GFC showed opaque, interconnected finance can collapse everything without transparent, programmatic rules. “DeFi was a response to the failures of the Great Recession, building a financial system whose architecture structurally eliminates the conditions that made 2008 possible." @marcryptonio
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2nd episode dropping tomorrow!
We go deep into @krakenfx's Fed account, the battle over stablecoin yields, and the banks fighting crypto disruption.
@marcarjoon @Matt_Hougan @marcryptonio @dlawant
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It's pretty clear that essentially all of finance will move on blockchain-based rails in the coming years. The only real question left is how much value gets captured by tokens vs. other entities. That will be the battleground for the next cycle.
Mastercard@Mastercard
Digital assets are entering a new phase. What once ran in parallel to existing financial systems is increasingly being applied to solve practical, real-world needs — often behind the scenes – from cross-border remittances to B2B money transfers. This creates new opportunities to add value in how money moves globally. Today, we introduced the Mastercard Crypto Partner Program — a global initiative that brings together more than 85 crypto-native companies, payments providers, and financial institutions. Together, we're creating a forum for meaningful dialogue and collaboration as this space continues to mature.
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0/ PropAMMs are one of the most important innovations in market microstructure in years, possibly decades.
A thread
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Crypto has entered its institutional era, but most of the market is still treating it like a speculative asset instead of the financial infrastructure upgrade it actually is.
🧵Summary of our first episode with @marcarjoon @Matt_Hougan @marcryptonio @dlawant
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