Do @Polymarket 's prediction markets and @CMEGroup 's interest rate futures actually agree on what the Fed will do?
I lined the two up minute by minute across all 14 FOMC meetings since Sep 2024, and the answer is mostly yes: +0.91 correlation, with a few mechanical disagreements.
Thread ahead of today’s decision, the first meeting with Kevin Warsh as chair 🧵 1/14
To put it differently:
Profit per employee at JPM is $200,000
Profit per employee at Tether is $124,000,000
This is a perfect example of the efficiency of crypto tech vs dinosaur TradFi
Baby Alpha is here! We are proud to announce that today we hit our Baby Alpha milestone and have begun the march to Fair Onboarding Alpha and Full Launch Alpha.
https://t.co/8PBC9sRNPS
What we've accomplished and what's ahead 🧵 (1/6)
Confirmed: crypto .com "accidentally" sent 320k eth of user deposits to Gate .io on Oct 21st
Oct 28: Gate shows "proof of reserves" & then sends 285,000 eth back
This was topping up for the proof. Gate and crypto .com are fucked?
https://t.co/jYyq1CIGOs
@sidmvenkat@MakerDAO Thoughts on DeFi protocols tapping into tradfi ideas/products vs building out crypto-specific services? So far the most successful Dapps have gained traction through building applications unique to crypto