Research @Anchorage | frm @FalconXGlobal, @BitwiseInvest + others | Decoding markets by day; music, photography, food, and books by night | John 15:16
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Joined October 2017
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David Lawant retweeted
Our investigators observed funds stolen by DPRK in last month's Bitget exploit commingling with funds stolen from Binance.
We have a high degree of confidence that DPRK is responsible for the $6.4 billion hack of Binance.
We live in unprecedented times. But DPRK are up to their old tricks. We assess @binance hack for $6.4B was likely done by DPRK group TraderTraitor due to links to previous hack. Industry partners have already frozen ~$3B and we @chainalysis continue to follow all of the funds
Measuring by BTC performance right after the hack, today is among the instances that impacted the BTC price the most.
(1) BTC returns post industry hacks seems to depend more on where we are in the overall market cycle than on the hack itself
(2) which hacks am I missing or should not have included?
David Lawant retweeted
Circle is closely tracking reports of a potential exploit involving Binance. In coordination with law enforcement, we have frozen more than 800M USDC associated with the incident and will continue supporting the investigation.
David Lawant retweeted
Tether froze more than 1.567B USDT related to a potential Binance exchange hack.
Protecting the industry and our partners is our main priority.
Stay safe everyone.
kind of interesting that price dispersion across exchanges (1-minute candles) has not changed much over the past couple of hrs
David Lawant retweeted
Excited to bring responsible innovation to the US market in partnership with you @chameleon_jeff
Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.
ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.
trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.
Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.
When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.
David Lawant retweeted
Stan, Elon, and the whole world wants 24/7 markets
My favorite market environment is when crypto people are already seeing the future clearly and the vast majority or normies is yet to catch up.
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
David Lawant retweeted
If you're looking at hyperliquid:native up 14% and wondering if you missed it, please consider that 99.9% of Americans do not know it exists. We exist inside a very unique bubble here on CT. We are just getting started.
David Lawant retweeted
If hyperliquid’s trading volume from non-crypto assets grows to become the dominant portion, don’t see why it needs to trade so highly correlated to BTC/crypto anymore.
ICE and @tradexyz are bringing Hyperliquid-based perps to the U.S.
Announced this morning, ICE will operate U.S. regulated versions of @tradexyz’s markets, leveraging their expertise as the leading deployer of real-world-asset perps on Hyperliquid.
The new venue will operate separately to ICE’s institutional futures franchise and offer a trading experience designed for retail participation.
U.S. traders will be able to trade 24/7 across a range of assets spanning the macro complex including:
*Crypto 🪙
*Equities 📈
*Indices 📊
*Commodities🛢️
*Forex 💱
Read more 👇
ir.theice.com/press/news-det…
Users will access the platform through U.S.-regulated FCMs performing KYC/AML screening, including ICE's joint venture with OKX.
ICE and @tradexyz will seek regulatory approvals to launch a new market built on Hyperliquid to operate KYC-compliant perp markets, including approvals to support leveraged trading.