"It's not a play against the system. It's a play for the system."
@FlowTraderTM on why Bitcoin's fate is tied to America's: a US-led industry that only gains value while the system works exactly as designed.
@DancingEddie_@grugcapital room for both takes. money buys socioeconomic status but not necessarily sociometric status and they're more loosely correlated than people think. the richest guy in the room is only rarely the guy everyone wants to be
11 of our equity markets report earnings in the next three weeks, starting with $LRCX on Wednesday.
Most of these results land outside regular US trading hours. Our markets will trade 24/7 on Hyperliquid.
Derive ($DRV) is now trading 24/7 on Hyperliquid. 5x leverage.
DRV is the native token of @DeriveXYZ, which offers onchain crypto options and perps.
Trade now on Hyperliquid: https://t.co/EG5aOuFXeu
para:PAPER has been halted and settled.
The @papertrade_xyz launch plan, published October 1, included a phase in which PAPER would become transferable. para:PAPER was listed as a pre-launch perp on that basis, with the expectation that it would convert to a standard perp once a spot market became available.
Papertrade announced today that they do not intend to make $PAPER transferable.
The pre-launch perp relied on the expectation that its underlying will eventually trade. Traders took positions based on a public roadmap that supported that expectation. With it removed, there is no future spot price for the market to converge to. We halted para at 22:31:15 UTC immediately following the announcement rather than schedule a later closure. This established a common cutoff for all open positions and a consistent basis for settlement, limiting the impact of trading around the announcement.
All open positions were settled at $0.026296, calculated as the time-weighted average oracle price over the hour ending at the halt, using the same one-hour averaging window as Hyperliquid’s validator-led delistings for HyperCore perps.
All open orders were cancelled. Remaining margin has been released, and realized PnL is reflected in account balances. No action is required from traders.
Should PAPER’s transferability plans change, we will review whether the market can be unhalted.
"At this point, we're all headline traders."
Highlights from the latest episode with @FlowTraderTM:
Going flat before weekends, reading Trump for
incentives, why diesel is the real oil risk, and why China
would sooner do a deal with the US than side with Iran.
Your one stop shop for FOMC Implied Outcomes
Take note of how closely implied move and futures implied move aline. Is your clue that the weighted average of the options market is far better predictor than CME Fed Watch or Kalshi levels
CME Fed Watch bs Option Implied Grid
1/3
@TheBengalTiger_ alternatively, they've always been a nation of libertine faggots who tried to fascimile the American revolution and failed because they killed all their intellectuals. it's been a tradition from then on to be retarded.