Mathilda

building @tiprun_markets prev @binancelabs eng @NTUsg

[cold 🥑 @coldhealing]

-Immigrant from island nation
-Embroiled in infidelity blackmail scandal at height of his power
-Thankless job of modernizing the economy's infrastructure

Welcome back Alexander Hamilton

[Zeus 🇬🇧 @ZeusRWA]

What does the average person actually know about financial assets being brought onchain?

How many people understand what tokenisation really means, what it could change about the way financial markets operate, or why some of the world’s largest financial institutions are investing so heavily in it?

Most people still associate crypto with Bitcoin, meme coins, speculation and trying to make money from the next 100x.

But there’s an entirely different side of this industry developing. One that involves stocks, bonds, funds, private credit, real estate and pretty much every other financial asset you can think of.

We’re talking about the infrastructure that could change how these assets are issued, accessed, traded, transferred and used across global financial markets.

And I don’t think most people haven’t even begun to understand the scale of what’s happening.

We’re still incredibly early.

[Mathilda @Mathilda_Sun_]

@sullydoesitall sounds fun! love to join! 🙋‍♀️

[Mathilda @Mathilda_Sun_]

@BenJustman lmaooo i should stop scrolling on x when waiting for my ai agents to respond .. too funny

[Mathilda @Mathilda_Sun_]

@Shaughnessy119 Absolutely - not only tolerance, but agency, proactivity, creativity, & resilience when navigating ambiguities & uncertainties

[Mathilda @Mathilda_Sun_]

@ZHeerwagen @Snag_Solutions Congrats!!! 🎉🎊 e

[TipRun @TipRun_Markets]

🥹

[Elon Musk @elonmusk]

Chinese 𝕏 is 牛逼

[Mathilda @Mathilda_Sun_]

“His name is Huang” 🤣🤣🤣 I’m no eugenicist but this is by far the most accurate take

[wassieloyer @wassielawyer]

The “Jensen got compromised by a CCP spy” narrative is a pretty lazy small brain narrative designed to be parroted by a Western audience that think Chinese people are an ant colony-like hive mind bc they can’t tell them apart. In a way, they mistake the Chinese for N Koreans.

The Chinese mind is not wired to be subservient, nor is it inherently communist. The overriding genetic directive encoded in the Han Chinese DNA is exceedingly simple.

Acquire wealth. Acquire status. Make it last forever. A dynasty that never ends.

(Sounds like a banger Spice Girls parody actually)

There's no feverish devotion to the export of Chinese communism around the world. There is no extremist loyalty to the state. It is simply survive and thrive.

And so Alice Huang is unlikely to be a Chinese Natasha Romanoff trained and bred to steal American secrets for the CCP. She is more likely simply a 40+ year old woman with the opportunity to sleep with one of the richest men in the world in order to clip some incredible middlemen fees off billions of dollars of purchase orders between Chinese tech companies and NVIDIA.

And Jensen is unlikely a retarded doofus who got duped into selling his chips into China. Look at him - you notice anything different about him? Look at his face. Look at his eyes. I'll give you a hint - his name is Huang.

The same Chinese mercantile blood runs through his veins. He is genetically hardwired to maximize value. He wants to sell the fucking chips to China. Of course he does. Money can be exchanged for goods and services.

He obviously knows the end destination of the chips are China. Or rather, he doesn't. That's the whole reason why Alice is around and gets paid a huge middleman's fee. Alice's entire reason for existing in this chain is to provide him and NVIDIA with plausible deniability.

If Alice wasn't in the picture - it would be some other Chinese person in Singapore instead.

[Mathilda @Mathilda_Sun_]

@TheNotoriousSKi Shayne in tier c … 😳

[chewa @0xchewa]

jeff from hyperliquid is 31, his protocol made $713m in a year, and he still won't say what he's worth

> harvard math and cs, quit HRT in under a year
> zero vc money. his line: if satoshi had raised a series a, bitcoin wouldn't be bitcoin
> core contributors hold ~$18.5b of HYPE. he owns no car and no house
> says staying anonymous would've been fine. went public only because someone had to push the project

my favorite detail: suit and tie for dc, hoodie when he codes. and his team asked bloomberg to keep presidents' portraits out of the photo background

he calls hyperliquid "a layer where exchanges get deployed". @entropyIO is one of them. $7.5m of open interest in august, $164m now

name another founder sitting on that much who still just works all day

[Mathilda @Mathilda_Sun_]

Absolutely, when code is becoming commoditized, creativity & scrappiness are in high demand

[GREG ISENBERG @gregisenberg]

i think we've reached the point where the cracked marketer is more in demand than the cracked engineer

[Mathilda @Mathilda_Sun_]

you speak my mind! ppl in china & us are in a distinct ai "bubble". ppl elsewhere, including a lot of knowledge workers from wealthy countries are on a whole different level of ai adoption, exploration, and perception on average. it's bizzare to feel like i'm always behind, and that there's so much more to explore, learn, and catch up on when im in front of my screen, but then to look like the crazy one when i switch from my screen to the real world with normie friends and family.

[Mathilda @Mathilda_Sun_]

Despite all those efforts by kalshi & polymarket to try to hide sports on the homepage and look like a financial news site, sports still account for 78% of trading volume on the two as of last week, and 98.6% of that volume is on only 4 sports: soccer, (american) football, tennis, and basketball. The other sports’ volumes look like rounding errors.

but here’s the missing part: cricket, the world’s 2nd largest sport with 2.5b fans & >$150b (est.) annual betting turnover.

IPL’s media rights per match is >3x NBA and >8x MLB. it’s hard to compare betting turnover bc a lot of cricket betting happens on offshore & even offline bookies. $150b is an estimated number & the real number should be bigger than that.

And that’s precisely why i’m building in this sector - bc there is a demand, massively. a lot of ppl were shocked that a chinese girl is building a cricket prediction market - sounds like the weirdest combination. The idea came when i was traveling in new zealand for christmas last year and it was game season - cricket matches were on tv. but when i looked at prediction markets, the market types & match coverage for cricket were so basic.

meanwhile sportsbooks offer hundreds of bets for each match, but they’re so hard to access (depending on your nationality), and the odds were shit or suddenly gone mid match. and that’s before the account bans - so many ppl i know have had their accounts broken / banned by bookies, for winning, arbing, or doing whatever that’s not losing money to them.

i have got this comment once from a crypto bro which basically is “this is niche” & “you have no moat against the giants”.

the first part is outright wrong - all commonwealth countries would disagree, including the first one to have commercial bookmaking in the 1800s (UK), the one suffering from the highest gambling loss per capita (Australia), and pretty much the entire south asia. All of those parts of the world love / are obsessed with this sport.

With regard to the 2nd part, i believe that as an exchange market grows, it will specialize, in asset types and distribution. kalshi exclusively serves the us, and the past few months have demonstrated that polymarket is prioritizing the us over the global market, too. walking in their shoes, that’s totally understandable & somewhat expected. these are american teams, they were founded in the biggest financial & regulated* sportsbetting market in the world, they got the license & no-action letter from CFTC, it’s a lot easier to do marketing & distribution in your home country, and they’ve both got Donald Trump Jr. as an advisor - ofc they would keep conquering the US, & that explains why their sports volume is concentrated on the few sports that are the most popular in the us.

but the world is far bigger than just america (even tho i live here now). every category on prediction markets takes a specialized build to identify, create, and settle markets, and takes specialized marketing & distribution. every vertical that a prediction market decides to focus or not focus on is a strategic decision, never arbitrary. it’s a strategic decision for the current duopoly to sideline cricket, the world’s 2nd largest sport; and it’s a strategic decision for us to focus it & serve the 2.5b people that are still being exploited by outdated bookies.

cricket is just the start. the world has more than 4 sports, and it’s a lot bigger than the us.

*caveat: i use the word "regulated" bc if including illegal betting, china is almost certainly the biggest.

[Mathilda @Mathilda_Sun_]

@Kunallegendd @Blockworks Have read your prediction markets research before and they are packed with substance! Good luck with your next journey!

[加密刘 @jiamiliu007]

@cz_binance @elonmusk @BillyM2k

[Mathilda @Mathilda_Sun_]

艹

[0x牛牛 @DrcDAO]

对不起
我在图书馆笑出了声

[Ramin Nasibov @RaminNasibov]

Wearing today's market.

[Mathilda @Mathilda_Sun_]

Did I do it right? 🥺🪔

[Simar Singh @hellosimar]

Seeing a lot of Indian x Chinese marriages in Bay Area. Interesting trend.