legendofshinya

Stochastic life

[legendofshinya @legendofshinya]

Math Question:

Street is running a short swaps position on $SOL against the discounted buying of locked SOL from the bankruptcy estate of FTX. The leverage ratio of the short is L (i.e. the ratio of shorts measured in $ to $equity). Derive the Gamma position of the street as a function of L assuming the street is rebalancing its position daily in order to maintain this leverage ratio L.

[legendofshinya @legendofshinya]

@mahamazing_00 @TrungTPhan He did a ‘short’ stint at Melvin Capital

[legendofshinya @legendofshinya]

steady lads

[Bastion Trading @BastionTrading]

Bastion thoughts on Renzo $ezETH @renzoai

[1/2] $ezETH is currently de-pegged by 2.31% to its fair value, and the discount is converging gradually as unstaking/withdrawal is expected to open up around mid-June.

ezETH/ETH is trading at on DeFi at 0.988
1 $ezETH is backed by 1.0113 ETH

The trade is to buy ezETH at discount, hedge $ETH exposure by futures/swaps. When withdrawal opens, redeem ezETH at fair value. By holding ezETH for around 20 days, you will also get the native staking yield and points for $REZ Season 2 airdrop and other @eigencloud AVS airdrops.

[legendofshinya @legendofshinya]

Soros holds the converts currently worth around $250m (not the stock outright). Both are above the convert strike and worth more than the face value. Looks like he actually reduced his MSTR exposure in Q1.

[Bitcoin News @BitcoinNewsCom]

FINBOLD: “Perhaps the most interesting among the top stocks owned by Soros through the first quarter of 2024 is the shares of MicroStrategy (NASDAQ: MSTR), valued at approximately $135 million.”

[The Block Pro Headlines @theblockupdates]

*FIGURE MARKETS BOUGHT 784,000 SOL FOR $80 MILLION ($102 EACH) IN LATEST AUCTION - THE BLOCK PRO

[legendofshinya @legendofshinya]

On top of vol and spot, watch the futures basis and swap funding. A lot of ETH tied up in Eigen hedged with futures/swaps on exchanges.

[Bastion Trading @BastionTrading]

At the close on 15 May, US Bitcoin ETFs held $57.3bn in total AUM compared to US Gold ETFs at $107bn.

US Bitcoin ETFs stands at 53.53% of US Gold ETFs size, UP 1.19% WoW. 📈

The ETFs reported $320m inflow on 15 May, led by Fidelity's $FBTC.

#Bitcoin #GOLD #ETFs

[珍妮小姐 TraderJen @jz_jz77]

想法基本相同，不过cliff解锁是从7月底就开始了。今天上线bithumb和zetachain2.0投票可以认为属于短期利好出尽。可以看出来项目方很努力在巨大解锁前维持高币价，其用意懂的自然懂。

以上仅代表个人观点不是投资建议。

[legendofshinya @legendofshinya]

scan to earn is coming

[Humanity @Humanityprot]

🚀Big news alert! 🚀Our founder Terence just took the spotlight in Bloomberg @business, unveiling our latest round of funding! 🌟

We’ve become crypto’s new digital identity unicorn! 🦄

Check out the full story on our $30M raise at a $1B valuation: https://t.co/Q9fR7FXQtT

#Innovation #Tech #FundingRound

[legendofshinya @legendofshinya]

@cmsholdings The only time Ray giving out SOLs rather than sol giving rays... 🌞☀️

[legendofshinya @legendofshinya]

@TheSkyhopper and you are still making money on this trade...

[Bastion Trading @BastionTrading]

Bastion Team is in Dubai! #TOKEN2049

Please DM if you want to book a time and talk about OTC Derivatives, Market Making and partnership opportunities with @BastionTrading .

[Bastion Trading @BastionTrading]

05 April 2024

Top tokens/BTC correlations 7D (4h returns)

$ETH $BNB $SOL $XRP $DOGE $AVAX $MATIC $ARB $OP

Source: @BastionTrading Quant Analytics

[legendofshinya @legendofshinya]

@TheSkyhopper 🤣

[legendofshinya @legendofshinya]

@TheSkyhopper And Madoff pleaded guilty

[Bastion Trading @BastionTrading]

#FridayExpiry

$BTC Options Notional Value: $2.1b, 8% of total OI. The largest OI is the 70k strike.
Max pain point: $66k

$ETH Options Notional Value: $1.2b, 10% of total OI. The largest nearby OI is the 4k strike.
Max pain point: $3,550

Source: https://t.co/fdl6NdCZpq

[Bastion Trading @BastionTrading]

At the close on 12 Mar, Bitcoin ETFs held $61.89bn in total AUM compared to Gold ETFs at $95.87bn.

US Bitcoin ETFs AUM now stands at 65%(up 11% WoW) of US Gold ETFs. 🍊🏆

BTC ETF has been growing rapidly, with a record inflow of +$1bn yesterday. 🎉📈

#Bitcoin #Gold #ETFs

[Bastion Trading @BastionTrading]

[2/2] $COIN

During Bitcoin's recent rallies, Coinbase has shown strong performance, surpassing its IPO price of $250 per share and reaching a significant milestone.

$COIN market cap: $62B, holding 9,480BTC

[Bastion Trading @BastionTrading]

Congratulations $CPOOL on @Bybit_Official! 🎉🎉🎉

Bastion has been proudly supporting the largest single pool on OP in @ClearpoolFin. 🏅🏊💪