Yesterday, an external fund manager overseeing Stream funds disclosed the loss of approximately $93 million in Stream fund assets.
In response, Stream is in the process of engaging Keith Miller and Joseph Cutler of the law firm Perkins Coie LLP, to lead a comprehensive investigation into the incident.
We are actively withdrawing all liquid assets and expect this process to be completed in the near term
To keep our stakeholders informed, we will provide periodic updates as additional information becomes available. Until we are able to fully assess the scope and causes of the loss, all withdrawals and deposits will be temporarily suspended. Any pending deposits will not be processed at this time.
Our decision to retain Perkins Coie LLP reflects Stream’s unwavering commitment to transparency and robust corporate governance.
Incase you're too slow to realize, this is a true 0 to 1 moment for Global Finance.
There is no other venue in the world where you can trade equities onchain, on a CLOB, permissionlessly, 24/7. This is the only relevant equity market in the world open through the weekend.
There are hundreds of millions of households around the world that would like access to equities but cannot, and this will be the only way they can get exposure.
Given that this is included in the native front end, we should see a massive rerating of both buy backs and fees over the rest of the year.
I've rebought back all my exposure. I suggest you do the same.
one of the longest standing thesis ive had is perps >>> options because retail just wants delta levg
0dte mkt share is proof of this imho
within 5 years i expect the 0dte options complex to move to perps
and youre going to care about elections and sports betting?