| human 🌏 | crypto enthusiast 🪙 | jpeg collector 🎭 | trader 🤑 | sh*t poster 💩 | Based AF 🟦 | trench scum 🦠 | plumber 🪠 |
the trenches
Joined July 2018
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Nifty 🍎 retweeted
🚨HYPERLIQUID AND LIGHTER ARE ABOUT TO EAT WALL STREET!
@andyyy of @therollupco on Crypto Insider with @cryptomanran calls the ICE and NYSE building on Hyperliquid one of the biggest announcements in the industry. Perps are going to become regulated onshore products, and the onshore version will be massive.
@HyperliquidX and @Lighter_xyz have the best tech for this. The largest Wall Street traders and market makers will trade on-chain. We’re under 1% of global derivatives volume for perps. Even reaching 0.5-2% would be a step-function jump in volumes, fees, and buybacks.
Watch the FULL video: youtube.com/live/nI6v9neJUHo
Nifty 🍎 retweeted
NEW: @coinbase OPENS REGULATED ACCESS TO GLOBAL CRYPTO OPTIONS AND PERPS FOR U.S. INSTITUTIONS VIA @CoinbasePrime
POWERED BY LIQUIDITY FROM @DeribitOfficial - THE WORLD'S LARGEST CRYPTO OPTIONS EXCHANGE
20+ ASSETS - INCLUDING $BTC, $ETH, $SOL, $XRP, $AVAX AND $HYPE
Nifty 🍎 retweeted
Be more bullish.
ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2
The CFTC continues to blaze the path of innovation - expanding the opportunity set for builders in the USA.
nitter.cf/ChairmanSelig/status/2…
Nifty 🍎 retweeted
Today, equity perps can begin trading for the first time on @CFTC registered exchanges.
This move reflects my commitment to ensuring that America’s markets remain the most innovative, liquid, and well-regulated in the world. Instead of being forced to turn to offshore, unregulated venues to access equity perpetual futures, Americans may now access equity perps on CFTC-regulated markets subject to robust safeguards.
I appreciate the continued partnership of @SECGov and @SECPaulSAtkins as we work to further harmonize our agencies' regulatory initiatives.
@ChairmanSelig Releases Statement on Equity Perpetual Futures: cftc.gov/PressRoom/PressRele…
Nifty 🍎 retweeted
What a beast Selig is
$LIT to $10 hastily
Today, equity perps can begin trading for the first time on @CFTC registered exchanges.
This move reflects my commitment to ensuring that America’s markets remain the most innovative, liquid, and well-regulated in the world. Instead of being forced to turn to offshore, unregulated venues to access equity perpetual futures, Americans may now access equity perps on CFTC-regulated markets subject to robust safeguards.
I appreciate the continued partnership of @SECGov and @SECPaulSAtkins as we work to further harmonize our agencies' regulatory initiatives.
✅ Ran an auction
✅ Didn't disclose that there was a reserve
✅ Failed to deliver to winning bidder
✅ Blames shareholders and says the winning bid was too undervalued
❌ Pretty sure that's not how auctions work 👀
Little bit of a complicated situation
The reserve wasn’t met, and a former investor in that company (now defunct) felt I was doing something suboptimal for the shareholders of inside.com by handling the domain sale myself.
I did it myself to save the commission for the shareholders, so no deed goes unpunished I suppose.
I’m going to give it to a broker / godaddy and pay the 10% commission… so there is not way to accuse me of a conflict of interest
So GVH will have the chance to buy it again when it goes back for sale
It should go for 1.5m-7.5m if we can find a great buyer who has a great use for it.
Nifty 🍎 retweeted
Really see no reason $LIT doesn't run back to $5.50 ATH fairly soon
The entire sell off was based on people thinking Robinhood dropped them which wasn't even true
Still used (with good volume still) in RH crypto app and will adopt in main app once the license comes in
There should be no such things as private markets.
Just markets that everyone can participate in
We are slowly heading towards this future
An anthropic IPO should not even be a thing It should have been open access from day 1
Synthetic markets are breaking these walls down but eventually there will be a new standard, probably onchain and open to all 😤
Wow
🚨This is CONCERNING.
12 DeFi websites were hijacked and turned into wallet drainers in just ONE night.
Blockaid found the sites "actively serving" Step Drainer, a kit that fakes normal-looking wallet pop-ups to trick visitors into approving transfers.
Step Drainer is sold to scammers as a ready-made kit and works across more than 20 blockchains.
Once a victim approves, it goes after their most valuable tokens first.
Researchers have even seen its prompt show a fake "+500 USDT" so the approval looks like money coming in.
Affected projects include Flap, Kintsu, StonkFun, Pickle Finance, Echelon, Origami Finance, FluxBeam, StakePoint, SupSwap, Longbow, Shprd Finance and APEX.
About $138,000 has been traced so far, and that excludes losses on Solana and Aptos.
All 12 domains were registered with Name(.)com, though how they were hijacked is still unconfirmed.
Name(.)com's only public response so far has been asking users to fill out its abuse form, per The Block.
Not every affected team has confirmed its site is clean yet.
This is painful but will also strengthen this industry 🤝
Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help.
Moments like this call for the industry to work together. Openly sharing any useful information and helping to protect customers should come first, regardless of which platform they use. If you can do anything to help, please do!
Crypto has been through many tough times, and has always come out stronger on the other side. This won’t be any different.
Nifty 🍎 retweeted
We got flying cars, now it's time we get a modern financial system.
Let me Coinbase-pill you for a minute. Financial services is a massive industry. All fintech companies combined capture about 4% of total global financial-services revenues, while traditional financial-services companies account for the remaining ~96%.
Yet the financial services industry is going through two massive technological shifts right now with crypto and AI. This is our opportunity, and the transformation is happening fast.
Crypto is replacing the rails: stablecoins let anyone move money anywhere, instantly and almost free; tokenization lets anyone own any asset; and onchain markets let them trade it around the clock.
AI is replacing the interface: agents will increasingly research, decide, execute, and pay on behalf of people and businesses, putting a capable financial expert in everyone's pocket that can act for you, not just advise you. Together they can give every person and business the financial power that used to belong to a few. Coinbase exists to make that happen in a way people can trust.
Coinbase is using these frontier technologies to build the best modern financial account. Crypto rails, AI interface. Trading, payments, saving, borrowing, etc all in one.
We just released our Q3 earnings, and we set product records across the board despite the tough market. And I’m seeing signs that the market is turning.
Some Q3 highlights:
- We store more crypto than anyone in the world
- We have a global regulatory foundation with 80+ licenses
- 14th consecutive ATH of average USDC in CB products
- 5th consecutive ATH in CB1 subs
Best of all, the everything exchange is working. The progress since we announced last year has been awesome:
- 4th quarter of crypto trading volume market share gains, nearly doubled since this time last year
- $200M+ annualized revenue from prediction markets in Q3, one of our fastest growing products by revenue in history! With >60% daily trader growth QoQ
Jobs not finished until the entire financial system is updated with these frontier technologies.
🚨 BULLISH for @coinbase
🚨JUST IN: Coinbase $COIN returns to profit with $719 MILLION in Q3 net income.
Its adjusted EBITDA jumped 60% in just one quarter to $333 MILLION, its 15th straight positive quarter.
Prediction markets are now on pace for over $200 MILLION in yearly revenue, one of the fastest-growing products in Coinbase's history.
Average USDC held on Coinbase hit a RECORD $22 BILLION, up 49% from a year ago.
Meanwhile, its share of crypto trading volume rose for a fourth straight quarter to 10.7%.
Nifty 🍎 retweeted
COINBASE $COIN Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $1.22B (Est. $1.23B) 🔴; -35% YoY
🔹 EPS: $2.51 (Est. -$0.06) 🟢
🔹 Transaction Rev: $590M (Est. $527M) 🟢; -44% YoY
🔹 S&S Revenue: $570M (Est. $561.5M) 🟢; -20% YoY
🔹 Adj. EBITDA: $332.9M (Est. $290.2M) 🟢; -58% YoY
🔹 Net Income: $718.7M
Cuts FY26 Guide:
🔹 Adj. Expenses: $4.15B-$4.30B; from $4.25B-$4.60B
Q4 Outlook:
🔹 S&S Revenue: $550M-$630M
🔹 Adjusted Expenses: $1.01B-$1.16B
🔹 Transaction Expense: Mid-teens % of net revenue
Other Q3 Metrics:
🔹 Stablecoin: $307M (Est. $314M) 🔴
🔹 Trading Volume: $1.21T
🔹 Assets on Platform: $377B (Est. $318B) 🟢
🔹 Crypto Market Share: 10.7%
🔹 Average USDC Held: $22B
Key Updates:
🔹 Crypto Investment Portfolio: $715M net gain on crypto assets held for investment in Q3
🔹 Prediction Markets: $200M+ annualized revenue; 82% quarterly compound growth
🔹 Share Repurchases: 10.2M Class A shares repurchased; $2.0B remaining authorization
