Kn1era.hl
947 posts
All of these victory lap tweets from mid-April by the usual MAGA crew look really, really stupid right now, but making his supporters look really, really stupid is Trump’s superpower.
Scott Jennings@ScottJenningsKY
Last night I was assured that we are in a global energy crisis from which the world will never recover.
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onramp/offramp for local stables will be fast and free for most western g10 countries in next 1-2 yrs imo
biggest unlock is changing consumer behavior to holding usd and only converting to local currency at point of spend (rather than at receipt)
Sheel Mohnot@pitdesi
How can stablecoins reduce remittance fees to zero? makes no sense to me whatsoever. The bulk of remittances $ is migrant workers sending money to family, from US->Mexico, US->India, Gulf->India Stablecoins can make the money-movement leg much cheaper/near-zero but that isn't the bulk of the cost! You still need cash-out, FX, compliance/KYC, fraud controls, customer support, and distribution. When I send money to my cousin in a village in India, there is nothing he can do with USDC. He needs to get the money out into INR and that last mile is where most of the cost lies. Stablecoins can make remittances much cheaper but nowhere near zero.
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i guess we know where exactly the line was for bondi
Carol Leonnig@CarolLeonnig
NEWWWWW -- Former FBI director James Comey indicted, source tells me, for threats in posting image of "8647" shells at beach in the Carolinas
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I wont make any friends for this one, but strongly advise as a rule:
keep other men's names out of ur mouth unless u are their equal in stature.
whether an ackman or a chamath...until u are running $20B, dining with POTUS, or taking equity stakes in pro sports teams...simply aint ur place my brotha, nor is it mine, to be chirping about their biz.
its not a caste system, but there's levels of respect, stations of varying height.
nothing worse than a guy who cant stay in his lane or play his position
how u respond to this info reveals who u are
winning attitude: "I'm gonna work harder so I can get on their level."
no offense taken. humble, knows his role, knows he can and will get to where they're at thru sheer force of personality & quantum of willpower.
losing attitude: "I'm gonna chop them down on twitter all day to make myself feel better"
very offended. throws a shot at me first, then a series of disqualifiers ("they were born rich, they grifted to get there, they're lucky"), then a reason why he's not inferior ("I'd never even want to be them...they're immoral and I'm not.")
seen it 1000x, attitude is immutable. Its just as Irons said in Margin Call:
"the number of us grows... but the percentage of winners and losers, never changes and never will."
get in where u fit in, hermano. godspeed 🫡
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So, to recap, the sentiment on the TL is:
- DeFi is dead: don't bother with it, don't deposit anywhere, 'just use aave' is dead, off-ramp and at best park with ibkr or coinbase
- The age of crypto is over: we're no longer early, it's the instutitionals era, coins have infinite price-insensitive sellers, and retail isn't coming to buy your bags
- Onchain is dead, especially on solana, because of pvp tards that rush to outdump each other on 30k market caps. The only true runners are flukes on ethereum that are old and have no gen z to control its supply and is reliant on elon tweets.
- The handful of projects that were considered investment-worthy are either not (aave, for example) or are already adequately priced (hype, zec). there are a few silent runners like $morpho but not many and low volume.
- GameFi is dead. SocialFi is dead. L2s are barren. Financial activity only exists to farm points.
Did I miss anything? Is anyone excited about anything? Something?
If you're reading this - why are you still in crypto?
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hyperliquid legends, genuine question
all hl whales with big positions have zero open orders (see bottom right, some of biggest position wallets)
hiding to not get hunted? using execution layers like insilico?
or data bug? checked multiple sources, doesn't seem like it
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@Merridew__ @Tom62589172 for regular people in most European countries it is impossible, unless you regularly train in a shooting club
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@skewga_hyper Supply of oil and refineries definitely fucked for a bit, seems likely it will stay elevated for a while
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War is the main theme as such news like this get buried
Massive since aus is 4th largest pension fund system in the world.
Wu Blockchain@WuBlockchain
According to Bloomberg, Australia's $105B pension fund Hostplus is considering adding crypto investment options. CIO Sam Sicilia noted the fund is exploring offering $BTC and other digital assets to members via its Choiceplus product, which accounts for ~1% of its total assets and allows self-managed retirement portfolios.
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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
walter@ringwraith10
brent <> wti spread collapsed back to pre iran levels does this reflect a us local logistics shortage? my understanding is that brent would react more to the hormuz closure than wti not an oil trader tho so this might be naive hard to believe you can trade this onchain now
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Alright, y'all, looks like I'm eating crow on this one.
This post from @bxunit very much says it is truly exclusive.
"While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity."
In this case, absolutely hats off to the team for securing the exclusivity.
x.com/bxunit/status/…
Corey Hoffstein 🏴☠️@choffstein
Kudos to trade[XYZ] for getting S&P to underwrite this – it speaks to the maturity and reputation of the Hyperliquid ecosystem. But seeing lots of folks saying they've secured exclusive rights. That's not what the tweet says. S&P pretty freely licenses to those who will pay.
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@poordart Why would they run an aluminum smelter in the desert
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Aluminum??
Not oil or gas or fertilizer are going to crash the world economy first ... but aluminum?
First Squawk@FirstSquawk
ALUMINIUM BAHRAIN, WHICH RUNS THE WORLD’S LARGEST SINGLE-SITE SMELTER OF THE METAL, HAS STARTED A PHASED PRODUCTION SHUTDOWN TO CONSERVE RAW-MATERIAL SUPPLIES
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Bam Adebayo broke math.
His 83-point game was 8.5 standard deviations above his career average (or ~1 in 53 quadrillion)
Based on career avgs, its like:
Patrick Mahomes passing for 915 yards
Justin Verlander throwing 214 pitches in a start
Wilt Chamberlain grabbing 79 rebounds
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