Chiraag Aval

Security Guy, Hiking, Travel,🏋️‍♀️. Opinions are my own, not my employer. #LetsgoWarriors #49ers

[Raghu Yarlagadda @2Ragu]

This weekend was a reminder of why 24/7 markets matter.

As geopolitical tensions escalated in the Middle East, traditional exchanges were closed. Investors who needed to hedge macro risk in real time had only one place to go: on-chain markets.
While TradFi was offline:

✓ On-chain gold and silver perpetuals saw hundreds of millions in volume within 24 hours.
✓ Oil perps moved ~5% as markets priced in geopolitical risk instantly.
✓ Open interest in tokenized commodity markets (HIP-3) hit record highs, crossing $1B.
✓ Move limits were triggered in energy markets – a sign these venues are adopting mature risk controls.

At @FalconXGlobal, we’re bringing prime brokerage standards to on-chain markets, enabling margin financing on HyperliquidX with up to 5x leverage and unified portfolio risk.

We are witnessing real progress in diversifying activity away from strictly crypto instruments as on-chain markets adopt traditional safeguards, demonstrating a level of maturity that was largely missing during previous market shocks.

[AI Edge @aiedge_]

https://t.co/XrHUtZpgli

[Raghu Yarlagadda @2Ragu]

2026 is increasingly impossible to forecast; what we can control are the inputs. As we focus on execution, I see three structural shifts that make me optimistic about what we’re building.

1. Crypto is converging with traditional financial rails: Spot BTC ETFs already account for 30-40% of Bitcoin trading volume. Perps are spilling into traditional assets, and tokenized treasuries are being used as collateral across trading and lending venues. Crypto is shifting from a standalone asset to the rails connecting equities, bonds and FX, and prediction markets.

2. Flight to quality is reshaping market structure: For the first time, BTC options open interest has overtaken futures, reflecting demand for capital-efficient exposure without binary liquidation risk. Similarly, regulated venues emerged as the liquidity backstop during Q4 volatility.

3. Onchain private credit: We expect this sector to reach $15-20B this year. The appeal is structural, bringing transparent and efficient capital deployment to a traditionally opaque market. At @FalconXGlobal, we’re building the curation layer that allows institutions to access these strategies securely, with institutional-grade controls.

If you ask me for a price prediction, I don’t have one. But if you ask me if we’ll be ready for whatever the market throws at us? Absolutely.

[Raghu Yarlagadda @2Ragu]

We built crypto’s largest options franchise in 2025.

It was a milestone year for @FalconXGlobal as we continued to scale the world’s leading institutional digital asset platform: expanding liquidity, broadening global market access, and deepening engagement with institutional clients. This year was defined by meaningful acceleration - in markets, in technology, and in execution.

Thank you to our clients, partners, and the entire FalconX team for your trust and collaboration. We’re entering 2026 with strong momentum and conviction.

Take a look at this year’s highlights:

[FalconX @FalconXGlobal]

This morning at the @NYSE, our CEO and Co-founder @2Ragu and @21shares Co-founder @OpheliaBSnyder discussed the next chapter in how investors will access digital assets. The conversation came on the heels of our acquisition of 21shares - an exciting step forward in accelerating innovation and shaping the future of market access.

Thank you to @furrier and @bjbaumann2014 for having us!

[Raghu Yarlagadda @2Ragu]

Great to be at the @NYSE this morning with @OpheliaBSnyder discussing @FalconXGlobal's acquisition of @21shares and what’s next for the convergence of digital assets and traditional markets.

Thank you to @furrier, @bjbaumann2014, and Timothy Reilly for the warm welcome – exciting chapter ahead!

[Elon Musk @elonmusk]

@WSJmarkets WSJ giving foot massages to a criminal

[Chainalysis @chainalysis]

1/ Big picture: FTX’s collapse has shaken the #crypto market. But this is not the first time crypto has faced significant turmoil related to the collapse of an exchange.

[Frank Chaparro 🇸🇬 @fintechfrank]

Much respect to Raghu for providing this clarity

https://t.co/DvYVfmTmnS

[Frank Chaparro 🇸🇬 @fintechfrank]

I missed this announcement from Oct.

But this looks pretty cool from FalconX

FalconX 360 Launches the First and Only Comprehensive Platform for Institutional Crypto Investment Management
https://t.co/SH8ENmRzsA

[FalconX @FalconXGlobal]

1/ Our CEO @2Ragu spoke with @CarolineHydeTV and @EdLudlow from Bloomberg @technology to discuss our approach navigating the #FTX fallout. Watch Raghu’s interview here. https://t.co/3RlWWMNfbl

[Raghu Yarlagadda @2Ragu]

2/ Is it a combination of Merkel proofs + triparty custody/3P clearing + continuous 3P audits? FalconX would like to do our part in delivering a much safer digital asset ecosystem

[Raghu Yarlagadda @2Ragu]

I could barely hear Caroline’s question due to audio issues in the studio...To be clear: FalconX has balances locked on FTX like other large players - these funds are a relatively small part of our balance sheet. Onward to building great products. Thanks to @technology team.

[FalconX @FalconXGlobal]

1/ It is false that FalconX is transacting with Alameda Research, as suggested by a recent publication. The address that was published is a FalconX client's address. It is NOT Alameda. @decryptmedia @MarioNawfal

[FalconX @FalconXGlobal]

2/ FalconX is not trading / transacting with Alameda. We have no exposure to Alameda research as previously disclosed.

[FalconX @FalconXGlobal]

Thanks @decryptmedia for correcting this false story. See our full notice here:

https://t.co/fKBXpsAXmI

[FalconX @FalconXGlobal]

Introducing FalconX 360 - the #crypto industry’s 1st & only unified investment & risk management platform giving #institutionalinvestors full-spectrum execution capabilities & end-to-end reporting across their entire #digitalasset portfolio. https://t.co/VNULehVQNM

[The DeFi Investor 🔎 @TheDeFinvestor]

L1 rotation was the most powerful narrative of 2021.

Meanwhile, Venture Capitals are investing huge amounts of money in new smart contract platforms trying to pick "the next Solana".

A list of highly anticipated Layer 1s you should pay attention to👇

[Anees Khan @sabocrypto]

If your in Crypto and you want to start coding (or already have), here are 6 great resources for you:

🧵