Ryan
35.8K posts
@ryan__calder
Performance Coach at Kraken. - Body • Brain • Behavior - Engineering elite performance in work and life.
We built an open-source CLI that gives AI agents direct access to Kraken — spot, forex, derivatives, paper trading. One binary. Native MCP. Works with Claude Code, Cursor, Codex out of the box. Early days, experimental, would love to know what you build with it. github.com/krakenfx/krake…
Let's talk capital flows in crypto. I've consistently called out the flattened trend in net inflows between @MicroStrategy and US-listed Bitcoin ETFs. That's changed in the last two weeks. Since Feb 23, 2026, Bitcoin ETFs realized +$1.4B of net inflows, paired with MicroStrategy purchasing +$1.5B of bitcoins in the same period. Supply remains tight with Bitcoin Coin Days Destroyed stabilizing. If this demand trend continues, March 2026 will be the strongest period of combined net flows in 6 months. Meanwhile, stablecoin supply in USDT and USDC is reversing the negative trend year-to-date in 2026, posting +$3.1B in net inflows since Feb 23. We're just under $1 billion away from reversing the negative year-to-date trend in 2026 on the stablecoin front.
This is genuinely wild. Jane Street is having its biggest social moment ever, and today is both a 52-week high AND all-time high for mentions, creators, and engagements simultaneously. Sentiment is at 32% (average is 77%), meaning most of the conversation is negative. Here's what's actually happening: The Terraform lawsuit (the catalyst): On February 23, 2026, the Terraform Labs bankruptcy administrator filed a lawsuit in Manhattan federal court alleging Jane Street used insider information to front-run the May 2022 $UST depeg. The complaint claims a former Terraform intern who moved to Jane Street passed non-public information about a $150M UST withdrawal from Curve, and Jane Street allegedly sold UST 10 minutes later, accelerating the collapse that wiped out ~$40B. The "10 AM dump" connection: Traders on CT have been tracking a recurring Bitcoin sell-off pattern at exactly 10 AM ET for months, blaming it on Jane Street's ETF arbitrage mechanics. The story exploded because within two days of the lawsuit dropping, the pattern disappeared, $BTC pumped ~10%, and the crypto market added ~$200B in market cap. Correlation, but people are treating it as confirmation. Jane Street deleted their X posts: Their official account wiped everything, which crypto social took as a confession. More likely it's a legal compliance move (discovery reasons), but it poured fuel on the fire. Other threads being pulled: The India SEBI manipulation ban (they deposited $564M as part of that probe), their position as the largest $SLV holder (~20.7M shares, ~$1.65B), connections to BlackRock's IBIT ETF as an authorized participant, and now people are retroactively connecting them to the October 10, 2025 liquidation event. What's actually substantiated vs. speculation: - The Terraform lawsuit is real and filed - Jane Street was genuinely probed and temporarily restricted in India (SEBI found a 105-page case) - They are an authorized participant in Bitcoin ETFs - The 10 AM dump correlation is real but causation is unproven - Market analysts at @CoinDesk and Crypto-Economy are pushing back on the manipulation narrative, noting ETF mechanics at market open create sell pressure that's structural, not sinister - The Michael Saylor filing claims and many of the "BREAKING" tweets are either false or unverified Most influential voices amplifying this: @ZeroHedge, @AshCrypto (2.1M followers), @TraderMercury, and @EricBalchunas (ETF analyst at Bloomberg) who noted the correlation while staying skeptical. Bottom line: This is a genuine social intelligence moment worth tracking. Sentiment is likely to stay depressed around Jane Street for weeks. The data shows this is the biggest attention the firm has ever received, driven primarily by X (10M+ engagements), with crypto retail retail treating this as confirmation that "they were right all along" about market suppression.
Crypto lending firm Ledn has sold $188 million of securitized bonds backed by Bitcoin, making it the first ever deal of its kind in the market for asset-backed debt bloomberg.com/news/articles/…
Wyoming's future has never looked brighter. Absolutely thrilled to announce @krakenfx is sponsoring Trump Accounts for every Wyoming child born in 2026. Grateful to Kraken for their commitment to Wyoming’s next generation and to the Cowboy State’s economic future.
Today, we’re announcing Payward’s FY 2025 financial results—and alongside them, a clearer articulation of Payward’s role as the unified infrastructure layer powering Kraken and a growing family of products, including @NinjaTrader, @breakoutprop , @xStocksFi, and future products yet to be launched. Payward enables each product to be purpose-built for a specific customer segment, regulatory regime, and use case, while operating on shared foundations: ∙ One global liquidity pool ∙ One risk & margin engine ∙ One collateral & settlement system ∙ One compliance & licensing framework Beginning in 2025, Payward has taken on a more explicit role as the infrastructure layer supporting multiple product surfaces and interfaces. Last was a year defined by execution: shipping across the entire product suite, launching, scaling, and integrating at a pace that reflected both operational maturity and long-term conviction. Growth was driven by strong core product momentum and meaningful contributions from recent acquisitions. 📈 FY 2025 highlights: ∙$2.2B adjusted revenue (+33% YoY) ∙$531M adjusted EBITDA (+26% YoY) ∙$2.0T platform transaction volume (+34% YoY) ∙$48.2B assets on platform (+11% YoY) ∙ 5.7M funded accounts (+50% YoY) ∙ Futures DARTs up 119%, driven by NinjaTrader and Breakout integration FY 2025 established a new baseline for Payward’s scale, earnings power, and long-term ambition. Learn more 👇 blog.kraken.com/news/kraken-20…
The future of @krakenfx lives onchain. @tydrohq is step 1 towards expanding liquidity, creating a foundation for builders, and connecting DeFi directly to our ecosystem. The @inkfndhq has partnered with @Aave to bring the best protocol to Ink. Kraken is building towards a world of Open Finance. Building Tydro with Aave and integrating our CEX is the first phase and opens the doors for how we can bring onchain finance to our customers. We’ve been experimenting with the building blocks of DeFi and what we can do with Ink. Aave was a clear first step towards laying the foundation of a DeFi ecosystem.
