With a team that includes ex-Citadel, ex-Optiver, and other top-tier MMs, Entropy could become the first real threat to TradeXYZ's dominance.
Although Entropy has not officially announced a points program, its live backend returns a pointsMultiplier field, suggesting that some rewards infrastructure is already in place. This means two things:
1) Entropy is positioning to vamp volume from TradeXYZ by offering overlapping markets of similar quality but with point incentives for traders.
2) With only two live markets and no official announcement yet, now is a very good time to farm volume before the markets become competitive.
These markets are pretty straightforward to farm without much downside (e.g. arbing between XYZ and IO markets), and RWA HIP-3 is a key theme I want exposure to, so it's something I will be doing aggressively.
https://t.co/xRmSkCBwM2 (appreciate anyone that supports and uses my ref link)
We are a team of researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium, laser-focused on creating markets that progress the world towards our vision for capital markets: all assets trading 24/7, with deep liquidity, in one venue.
JANE STREET TAKES $15 BILLION JULY HIT
Jane Street lost about $15 billion in July as the AI selloff hit its exposure to Situational Awareness and other technology positions, Reuters reports.
The firm has still generated more than $40 billion in trading revenue this year.
Following the losses, Jane Street told employees it had significantly reduced risk in affected strategies and would become more selective.
Anthropic CEO Dario Amodei's wife and adviser, Cami Clark, pitched Jeffrey Epstein on investing in her "free luxury porn company" in 2012, per DOJ-released emails.
Epstein, then already a registered sex offender, declined: "Can't do sex TV."
@coninvestment@burrytracker He’ s not a gambler , he may be right but the timing is wrong , because AI companies turn the money between them in a circle , a lot of loans for AI infrastructure , which is something may create a bubble in long term if the returns of AI companies disappoint investors
BREAKING: John Overdeck, the founder of $80 billion hedge fund Two Sigma reportedly offered his wife $633 million in divorce proceedings.
His ex-wife reportedly turned down the offer and is seeking $6.2 billion. The couple married without a prenup and Overdeck’s ex-wife wants a 35% stake in Two Sigma.
TRADING FIRMS PAY BIG FOR TRUMP POST FEED
High-frequency trading firms are paying $60,000 to $100,000 a month for real-time access to posts from top Truth Social accounts, Trump Media said.
More than 10 customers have signed up for its Truth API service, which provides faster access to posts.
The service has drawn criticism over potential conflicts between business and White House affairs, as President Trump uses Truth Social for major policy updates.
ANTHROPIC BUILDS CUSTOM AI CHIPS FOR CLAUDE
Anthropic has confirmed it is building an in-house chip team to design custom AI processors for Claude, aiming to boost speed, efficiency and scalability.
The company will co-design hardware and AI models while continuing to rely on chips from AWS, Google, Nvidia and AMD through a multi-chip strategy.
The move follows reports of talks with Samsung as a potential manufacturing partner and mirrors a broader industry trend after OpenAI unveiled its own custom AI chip earlier this year.
Last night Apple briefly removed Telegram from the AppStore because a user had planted illegal porn in a public chat.
Telegram was restored within hours. But I want to explain what happened — to warn other app developers and help protect online communities from similar attacks.
Because Telegram quickly removes illegal content from public groups using all kinds of moderation tools, the attacker had to resort to a technical trick. He inserted AI-modified illegal content by editing an old message in an active group chat. As a result the content was effectively hidden from the group’s members, preventing them from seeing/reporting it.
The attacker was a takedown extortionist: someone who demands ransom from group owners in exchange for not targeting their communities. These extortionists use automated accounts to plant illegal content in public groups and then report it directly to Apple, attempting to trigger the removal of legitimate communities whose owners refused to pay them.
From a practical standpoint, illegal pornographic content in Telegram’s public groups is not a systemic problem. Our moderation is effective. The fact that attackers must resort to backdated, effectively invisible content and other technical tricks proves this.
⚠️ However, there are two important lessons here for app developers and online communities:
— Extortionists have found a way to manipulate Apple into overreacting. Apple removed Telegram from the App Store before contacting us. This creates a potential systemic risk for every mobile app that hosts user-generated content. If an app used by more than a billion people can be removed from the App Store without prior warning, any app can be.
— The tactics used by takedown extortionists are evolving, putting communities across social platforms at risk. Telegram has extensive experience identifying the tricks used by coordinated reporting gangs and protecting legitimate communities (even when doing so risks our own app being temporarily removed from the App Store). Other platforms may not be equally prepared.
Stay vigilant! ☝️