Galen

Dishwasher on Arrakis, Comms & research @storkoracle.
ADD since the 80s. Ex-Axelar, CoinDesk, New Alchemy, ACBJ, CNC.

[Galen @galenmoore]

Another county heard from

[Eric Rosengren @EricSRosengren]

The WSJ article on hyperliquid is a good overview. The world will be quickly moving to efficient low cost 24-7 trading of real world financial assets not just crypto assets. The liquidity is moving to decentralized exchanges and away from more costly centralized exchanges .

[Galen @galenmoore]

@Route2FI Boredom is a necessary luxury. It must be defended.

[Stork @StorkOracle]

The 90s have returned to take a piece of the equity perps markets:
💻♟️Multiple new listings in $IBM & $DELL
📶 $NOK 10X volume week over week
🙂

[Galen @galenmoore]

@CamKhosravi RWA perps were about 11% of that ($865.5M).

[Stork @StorkOracle]

https://t.co/Rn3odCRewx

[Galen @galenmoore]

I require an AI agent for the sites I truly don’t care about.

“Now I am the ticketmaster.”

[meredith @meredithpitkoff]

Today's @CFTC statement is clear: continuous reference price reliability is the key to open the full range of innovation in perpetual futures. Price feed oracles with anything less than sterling reliability can only hold back this wave.

[Galen @galenmoore]

Everything is fine...

[JaguarAnalytics @JaguarAnalytics]

$EWY Seniors in South Korea are taking out record amount of margin loans to buy stocks.

https://t.co/0jJGGFte0t

[Stork @StorkOracle]

https://t.co/431qYO0KAK

[Stork @StorkOracle]

Happy Bitcoin Pizza Day, everybody. Here's to networks that never go down.

[mert @mert]

crypto is dominated by speculators and younger traders who have virtually no time horizon or attention span

as crypto takes over, same thing is happening to all markets

in such a world, there's great edge in simply having a boomer time horizon

all my big wins have been buying distressed assets, working to improve them, and thinking in terms of years vs. weeks

[Galen @galenmoore]

@mert thanks i feel better already, reading this

[Galen @galenmoore]

How long til one of these blue chip equity perps flips Brent oil?

[Alex Thorn @intangiblecoins]

cryptographically voted my onchain GLXY shares (issuer-sponsored, native tokenized $GLXY) in galaxy’s annual proxy. felt like connecting a wallet to defi

afaik first publicly listed onchain equity to proxy vote cryptographically in history. props to broadridge + superstate

[Galen @galenmoore]

@hosseeb @Lighter_xyz @variational_io This is a problem we all face, now.

[Galen @galenmoore]

@duocpro1 1697.

[Galen @galenmoore]

This growth in equities could be signs of perpetual futures maturing.

In trad markets, commodity derivatives trade far less notional volume than equities and indexes, but in RWA perps, commodities are around 80%.

Guesses as to why:

1. Distortion: Exchange operators are in "growth mode": slashing fees and rewarding active traders at the least. Undoubtedly some are wash trading.

2. History: The first derivs markets traded agricultural contracts (Dojima Rice Exchange, Osaka, 1697; Chicago Board of Trade, 1898). Financial futures didn’t arrive til the 1970s.

3. Chasm: RWA perps are still mostly traded by crypto natives, who are comfortable with "digital gold" and "gas."

[meredith @meredithpitkoff]

The growth in equities as a category in RWA perps has been tremendous over the past 3 weeks. It's like somebody flipped a switch.

[Tay 💖 @tayvano_]

"Rogues are very keen in their profession, and know already much more than we can teach them."

– A. C. Hobbs, 1853
https://t.co/M3lCRzWwah

[Galen @galenmoore]

@LisaKell_

[Galen @galenmoore]

@mika8002 New era, new casino 🎠

[Galen @galenmoore]

Guesses as to what's next:

- Growth in rates perps, like @nunchi: Rates dominate traditional derivatives markets but are nascent in RWA perps

- Growth in stock index derivs, which @tradexyz has cornered (for now). These dominate vs single stocks in traditional markets, in perps they are tiny.