Watson
345 posts
@thewatsonview
finding the hidden gems. For Research Reports on Minehub ( $MHUB ) and Abaxx ( $ABXX ) see @theSherlockView
With NPA being 620 lots, Abaxx $ABXX nearly hit 10% of ICE's JKM daily average volumes of 7,770 for the month of November. With recent FBOT and US onboarding this will continue to grow fast.
@abaxx_exchange is now live on @Trayport . More nodes and connectivity - exponential network scaling effects in motion. Buckle up! $ABXX $ABXXF @abaxx_tech
Another record 20,132 contracts of Singapore Kilobar #Gold traded on @abaxx_exchange today (647,204 toz). Based on full COMEX trading day yesterday (25.3mm toz across 249,000 100toz contracts, 389,086 1toz minis), Abaxx already about 2.5% of COMEX in market share. COMEX = Largest paper market, US centric (set up for local co-locate trading advantages) LBMA = Bullion Bank balance sheet market Abaxx = Future of Asian physical kilo market (plus first full cloud native for global trading, full-stack physical-future-spot-token collateral market in the age of real-time agentic finance). #LetsGetPhysical #29ers $ABXX #GlobalFirstMarkets #Silver and more coming soon…
Some great findings from @LouLoubourso on Minehub $MHUB! He reached out to Andrea and found no cap on volume pricing. Only cap on $/mt. 15 cents calculated from from Minehub slides. Suggesting Minehub could start next year with $8 million in ARR revenue? Seems a bit too good to be true but the math broken down $4.5M from new Iron ore client. $150k from new European Manufacturer $1.6M from current revenues $2M from JulesAI. I estimate 2 million CAD based on the fact they negotiated $5 million USD earnout suggesting around 1.5 million USD in current revenue. Andrea indicated JulesAI is break even so based on employee count this is inline with what I expect. Again, seems to good to be true. But if this is true, this would already justify a $160 million MC at 20x not accounting for the 1000+ potential customers in their pipeline
Nice shout out from #ZotanPozsar on his widely-read macro note this weekend, calling out the Abaxx #Gold Digital Title pilot and the innovation we’re doing at the global clearing level in physical commodity futures and collateralization (HQLA gold). Paper commodities might have worked in a just-in-time World is Flat scenario, but in a world in need of just-in-case “seller of last resort” markets, Abaxx is reinventing physical markets. ..btw, we’re now accelerating work on an #Oil contract to meet the “seller of last resort” needs of the new world order (along side our #LNG futures) as well this weekend. $ABXX #LetsGetPhysical #29ers
With Abaxx hitting 10k lots again on their gold contract, they have passed MCX (India) in terms of liquidity. This places Abaxx as the third most liquid gold contract in the world if they can keep this up. Only trailing SHFE and Comex. But SHFE has limited access to foreign investors so really Abaxx is the second most liquid gold futures market open to everyone. In the same way people talk oil in terms of Brent or WTI, it's only a matter of time until gold is talked about in terms of Comex and Abaxx. This is one of the biggest marketing opportunities out there for Abaxx. Fracturing in the prices between New York Futures and London spot will only further highlight Abaxx for its efficiencies that it is building and make them the topic of conversation. Really will get exciting in the coming months if they can keep up this momentum.
@JoshCrumb @marcuzzi_n 14,779 lots so far today. This is a significant/material increase over last week and the prior months volumes and it looks like it’s sticking. 3rd day in a row with high record breaking volumes. I’ll put some % gain analysis out this weekend.
