Steff @SpectresCat - Twitter Profile

Impressive Numbers. @PythNetwork demonstrates in a striking way just how important secure and always available price data is for RWA perpetuals! https://t.co/hiHYnOXwlj

SpectresCat's tweet photo. Impressive Numbers. @PythNetwork demonstrates in a striking way just how important secure and always available price data is for RWA perpetuals!

https://t.co/hiHYnOXwlj https://t.co/jOVpNt5jrS

0

10

0

119

Steff

@SpectresCat

3 days ago

@StanovAndrew @PythNetwork @PythEco It’s really never Getting Boring here… Make sure to bring 🍿🍺 when You watch the Markets

1

0

22

Steff

@SpectresCat

3 days ago

Half the trading volume in the most actively traded U.S. stock perpetual futures now occurs outside regular Nasdaq hours. This creates a practical challenge for risk management and valuation: when the cash market is closed, which price should be used as the official mark at 2 a.m.? The growth of 24/7 equity perps is quietly shifting where price discovery actually happens for major U.S. Stocks Have you heard about @PythNetwork ? https://t.co/efY0QDnhD1

SpectresCat's tweet photo. Half the trading volume in the most actively traded U.S. stock perpetual futures now occurs outside regular Nasdaq hours. This creates a practical challenge for risk management and valuation:

when the cash market is closed, which price should be used as the official mark at 2 a.m.? The growth of 24/7 equity perps is quietly shifting where price discovery actually happens for major U.S. Stocks

Have you heard about @PythNetwork ?

https://t.co/efY0QDnhD1

Mike Cahill | Pyth

@mdomcahill

9 days ago

When I traded FX, you didn’t ask when the market was open. It was always open somewhere. Sydney handed to Tokyo, Tokyo to London, London to New York, and the price kept moving with the news. That's what a market looks like when demand is global and no single exchange owns it. US stocks are now heading down the same road. Half of the volume in the most traded US stock perps now happens when the Nasdaq is closed. Demand for US stocks has been global for a long time, but access wasn't. If you live in Seoul, Lagos or Buenos Aires, the session that matters runs through your night, and reaching it means a local broker, a wrapper and a lot of friction. Perps removed that friction. They're open around the clock, available anywhere, and work for any asset with a price. That's the job the ETF did for the last generation of investors, and it's why global demand went there first. Once access goes 24/7, price discovery follows. News doesn't wait for the open, earnings land after the close, and the first reaction now prints on whatever venue is open. The home exchange is still the deepest market, and the open is still the busiest hour of the day. It's just no longer the only place a stock's price gets formed, and that won't reverse. That changes the questions that matter. When the same stock has a live price on several venues at 2am, which one do you mark to, settle on, or lend against? The market data stack was built for one venue and one closing price. It now has to work for many.