jeff anderson

excuses are the nails that build the house of failure

[Dan Rysk @DanDeFiEd]

STS (@stsdigital_io) is now live and pricing on Rysk RFQ.

@ElJefeAnderson and @skittlewood watched Rysk grow these last months and integrated on their own terms. No special deals.

A more liquid RFQ means better pricing across more assets and instruments, especially as we scale.

Rysk it all

[NOBUNAGA🇯🇵🏯_夏樹蒼依 @japan_nobunaga]

Stateside, a gas station. I drank a frozen blue beverage too quickly, and was struck down by a punishment this entire nation knows, and accepts, and has named.

The drink is called a slush. Ice, sweetness, and a blue that does not occur in nature. The day was hot. I was thirsty. I drank like a soldier at a river.

The pain arrived in my skull like a war horn.

Behind the eyes. Above everything. Total. I gripped the roof of my car. I may have made a sound.

"Brain freeze," said the cashier through the door, with no urgency whatsoever.

It has a NAME. The affliction is so common it has a household name, like a cousin.

"Tongue on the roof of your mouth," called a man at the pumps. He did not look over. He prescribed the remedy mid-pump, casually, the way one mentions weather.

I pressed my tongue to the roof of my mouth. The war horn faded. The healer nodded at his pump, finished, and was gone in a Chevrolet.

In my land, punishment follows crime by way of courts and seasons. Here, the sentence is instant. Drink with greed, and the ice strikes the mind directly. No trial. No appeal. Perfectly fair.

And here is what moves me. EVERYONE has felt it. The cashier. The healer. Children. Elders. An entire nation united by the same small lightning, all taught the same cure, all passing it on to strangers at gas stations, free of charge.

You cannot fully distrust a country once you know it shares one pain.

The freeze does not punish thirst. It punishes haste.

I finished the slush slowly, like a scholar. Blue tongue. Clear mind.

Then at the door I forgot everything, drank deeply, and was struck down again.

"Tongue, hon," said the cashier, without looking up.

Discipline is a journey.

[jeff anderson @ElJefeAnderson]

@Sellingvol

[jeff anderson @ElJefeAnderson]

@AlexesNakamoto @skittlewood

[Luuk Strijers @LStrijers]

Finally the US can access Deribit's liquidity pool - Coinbase Brings Global Crypto Derivatives to US Market

Coinbase Financial Markets is now the first and only US-regulated FCM offering access to global crypto derivatives markets, including crypto perpetual futures and options. Existing US providers offer access to domestic futures exchanges, but none connect clients to global crypto perpetual futures and options liquidity. Institutional clients can begin onboarding today.

[jeff anderson @ElJefeAnderson]

@CloutedMind agree Iran is BTD but it feeds inflation anxiety. Warsh confirmed and priced hikes into curve while confidence data plummeted. Short term stagflation fears

Move this wknd was macro/ fed rates not war imo

[TS @PelionCap]

X going crazy over @leopoldasch Situational Awareness 13F release:
Amusing interpretation of notional to $13.6bn from $5.2bn; notional value has increased due to notional (not premium) value of $8.5bn.
Big influencers talking doom on these Puts.
This is part of the picture only:

The last 30mins I have been educating Claude4.7 about 13F and Options. Claude has apologized to me twice and flipped its initial conclusions.

The critical point about 13Fs, is for some sick reason, they only include longs. For options this is significant, as not only do we not know timing, expiration date, even strikes, but we have no idea about short puts (ie is structure part of a put spread - limited hedge), is it funded by short calls? Is a long Call part of a short call spread or a long call spread? Is it part of some more complex structure, is it offset by an exotic or OTC or private transaction?

There are some conclusions to be made from Leopold's latest filing, but they don't need to be quite as dramatic as the first responders are making out.

Those that know will be the executing option traders at banks. Look for analyst reports from said banks; ofc supposed to be chinese walls, but senior meetings often overlap and one side doesn't want to look stupid.
Or ofc, we are blessed with Leopold doing interviews; watch out for tells and how he answers re Puts or Option strategies.

Interesting quote from Claude - 'I apologize, that's twice you have caught me with sophisticated points that I should have considered more deeply. The reporting is unhelpful here. Headlines like "SA has $8.4B in puts" treat all puts as monolithic bearish bets. That's not how derivatives work and not how a $5B+ fund manages them.'

Human experience still counts for something.

[jeff anderson @ElJefeAnderson]

This is a huge step for us and the culmination of years of hard work. We have always focused on building things the right way to bring trust and transparency back to digital assets. It is a great feeling to see that finally pay off!

[STS Digital @stsdigital_io]

STS Digital has been granted a full Bermuda Class F Digital Asset Business License by the @BermudaMonetary Authority — a major milestone as institutional digital assets continue to mature.

Regulation, infrastructure, and institutional-grade execution matter more than ever. We’re proud to continue building from Bermuda, one of the world’s leading digital asset jurisdictions.

Because it’s good to have options.

Read more: https://t.co/zA0DXhdHQS

Contact us: https://t.co/eDxGxAr5nc

Disclaimer: https://t.co/29CPjSDlkF

[jeff anderson @ElJefeAnderson]

@folkvangtrading arm warmers in SG 😆

[jeff anderson @ElJefeAnderson]

talk about top signals

[Naval @naval]

Introducing USVC - a single basket of high-growth venture capital, for everyone.

No accreditation required, SEC-registered, and a very low $500 minimum.

Includes OpenAI, Anthropic, xAI, Sierra, Crusoe, Legora, and Vercel. As USVC adds more companies, investors will own a piece of that too.

Liquidity typically comes when companies exit, but we’re aiming to let investors redeem up to 5% of the fund every quarter. This isn’t guaranteed, but if we can make it work, you won’t be locked up like in a traditional venture fund.

It runs on AngelList, which already supports $125 billion of investor capital.

And I’ve joined USVC as the Chairman of its Investment Committee.
—

Go back to the 1500s, you set sail for the new world to find tons of gold - that was adventure capital.

Early-stage technology is the modern version. It says we are going to create something new, and it’s risky. It’s daring.

But ordinary people can’t invest until it’s old, until it’s no longer interesting, until everybody has access to it. By the time a stock IPOs, most of the alpha is gone. The adventure is gone. Public market investors are literally last in line.

This problem has become farcical in the last decade. Startups are reaching trillion dollar valuations in the private markets while ordinary investors have their noses up to the glass, wondering when they’ll be let in.

Investing in private markets isn’t easy. You need feet on the ground. You need judgment built over years. Most people don’t have the patience to wait ten or twenty years for an investment to come to fruition.

But there is no more productive, harder-working way to deploy a dollar than in true venture capital.

USVC enables you to invest in venture capital in a broad, accessible, professionally-managed way, through a single basket of innovation, focused on high-growth startups, at all stages.

It is how you bet on the future of tech: the smartest young people in the world, working insane hours, leveraged to the max, with code, hardware, capital, media, and community. Your dollar doesn’t work harder anywhere.

There is an old line - in the future, either you are telling a computer what to do, or a computer is telling you what to do. You don’t want to be on the wrong side of that transaction.

USVC lets you buy the future, but you buy it now. Then you wait, and if you are right, you get paid.

Get access here:

https://t.co/pAj1sqUsG0

[jeff anderson @ElJefeAnderson]

This is a huge step forward for BitGo and STS but more importantly the nascent derivatives market. Counterparty risk is a very real issue in digital assets and this goes a long way to solve that.

Thanks to everyone involved here!

[STS Digital @stsdigital_io]

@stsdigital_io just made institutional crypto history.

We’re now the first principal derivatives dealer live as an exchange partner on @BitGo Go Network (OES).

👉 Trade directly with a dealer
👉 Assets stay in custody
👉 No prefunding. No transfers. No compromise

400+ tokens. Options, spot & structured products. 24/7 liquidity.

This is what the next phase of market structure looks like. 🚀
https://t.co/WBQvryZHHZ

[jeff anderson @ElJefeAnderson]

@mdudas @JSeyff 'cuckbucks' is fantastic

[Velocity @VelocityDEX]

https://t.co/qYBMCup9i6

[jeff anderson @ElJefeAnderson]

can we pls bring back the days of trading joe BODEN in the trenches

happier times

[jeff anderson @ElJefeAnderson]

@fidenzamacro delete bls sir

[jeff anderson @ElJefeAnderson]

its a sign of the times when the only safe flight plan is over Afghanistan

[Steven Venino @spvenino33]

Crypto options are significantly under-penetrated, but that’s changing fast as tradfi giants move into the space

The @stsdigital_io team is exceptional. They perfectly capture that rare mix of institutional expertise and the agility of a startup — exactly what’s needed to dominate the global digital assets derivatives market. Between their BMA license and a world-class tech stack, they aren't just participating -- they are setting the new standard

We're proud to back STS, alongside CMT, Kraken, BitRock and Fidelity

[jeff anderson @ElJefeAnderson]

thrilled to announce that we just closed 30m with a stellar group of partners. doing it during a bear market just shows the strength of our product and build.

couldnt be more bullish on options+defi and what we have created over here. @CMT_Digital @Arrington_Cap @krakenfx @strobefund

[STS Digital @stsdigital_io]

STS Digital raises $30 million strategic round to scale institutional crypto derivatives platform https://t.co/2vHYhp7NEb

[STS Digital @stsdigital_io]

STS Digital raises $30 million strategic round to scale institutional crypto derivatives platform https://t.co/2vHYhp7NEb

[jeff anderson @ElJefeAnderson]

this is very good

[fooo @bitcoinpanda69]

https://t.co/50QOtxWeRi