1/ PropAMMs and the Next Chapter of Permissionless Market Structure
For years, onchain trading won on access, lost on execution. Some feel better performance requires moving backwards to centralized systems
PropAMMs on @solana are proving permissionless can outcompete centralized
A milestone for U.S. market structure: a true bitcoin perpetual, approved by the @CFTC on a registered exchange.
Perps have long been cryptoโs center of gravity for liquidity and price discovery and now that activity is onshore in the U.S. for the first time. This is a huge win for U.S. financial innovation: bringing products onshore and regulated by the @CFTC .
In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
The Senate Banking Committee marks up crypto market structure legislation today. We believe the path forward is clear: deliver legal certainty for developers, protect the right to build, and let the U.S. lead the next era of digital finance. The Committee should vote yes.
We applaud the leadership by @SenatorTimScott , @SenLummis , @SenThomTillis, @BernieMoreno , @SenatorHagerty , @PatrickJWitt , and the tireless work of their staff in reaching this stage.
Quantum is still many years away, and if and when it materializes, the work to migrate @solana is well-researched, understood, and continues to be refined by the team. Read more below:
https://t.co/jsjSZKm3qC
Huge congrats to @LukeHoersten and entire @Bitnomial team on this milestone !
@jump_ was the one of the first investors in Bitnomial and amazing to see them partner with a fast moving / forward leaning enterprise like @Payward / @krakenfx.
With Bitnomial's full stack of DCM, DCO and FCM licenses, Payward will now have the most comprehensively regulated and vertically integrated U.S. derivatives platforms. Onwards and Upwards !
https://t.co/aoXU2069tC
DoubleZero Edge is live.
The first institutional-grade, permissionless data delivery infrastructure for blockchains.
Real-time Solana shreds delivered via multicast over a dedicated global fiber network across 30+ metro areas. Faster shreds means faster round trip oracle times which is critical to performant onchain trading.
New finance runs on Edgeโtighter markets on Solana.
15/ Institutional capital will come onchain because the infrastructure is permissionless and credibly neutral, not in spite of it
The full piece from @maherlatif_ & @d_gerhardstein ๐
https://t.co/BNPa0GT6jN
1/ PropAMMs and the Next Chapter of Permissionless Market Structure
For years, onchain trading won on access, lost on execution. Some feel better performance requires moving backwards to centralized systems
PropAMMs on @solana are proving permissionless can outcompete centralized
14/ Settlement infrastructure should remain open source, forkable, and globally distributed to discourage rent seeking and encourage innovation in building a new set of financial rails