Marathon

[Marathon @MarathonCrypto_]

@RiseXBT @nic_carter @VeloData Hello ser getting back to it 🫡

[Marathon @MarathonCrypto_]

@tolstoybb looks ready to lead penn state to a 9-3 season and outback bowl loss

[Marathon @MarathonCrypto_]

These types of inquiries come thru the major OTC desks every couple months. In my experience almost never real.

[Marathon @MarathonCrypto_]

@TheFlowHorse Only worth it if you want to arb vol from CME against dbit/OTC desks assuming ur doing crypto on there, margin reqs high. With the spot etf there should be some great opportunities to buy vol early morning & sell it to retail after mkt opens. Have to delta hedge effectively tho

[Izabella Kaminska @izakaminska]

If there’s one thing you read today it must be @andyverity’s sensational account of what really happened with Libor rigging. New evidence reveals coordinated manipulation by international central banks. https://t.co/tmYOMOSc1b

[Marathon @MarathonCrypto_]

@SplitCapital Sadly when BK is filed that’s when the grift begins not ends. Terrible process full of extractors

[Marathon @MarathonCrypto_]

@tolstoybb Moody’s actually sick + Michigan + niners literally don’t employ a kicker before rn

[Marathon @MarathonCrypto_]

Hard disagree here. The largest creditors are the largest MMs in crypto - with spot liquidity languishing there would be huge incentives for makers to provide liquidity there, and incentives for takers who got rugged to trade there & pay themselves. New management team adds trust

[Autism Capital 🧩 @AutismCapital]

It’s insane that reopening FTX would even be a consideration. The brand has been irreparably damaged, Sam’s shenanigans were the only thing giving it hypergrowth, and new customers will be weary of being exit liquidity for the debtors. There must be colossal outside pressure.

[Marathon @MarathonCrypto_]

@fuckyourputs This how it goes ser, I’ll pass on a trade over 5bps anytime. Can’t be unwilling to walk away from someone haggling otc

[Marathon @MarathonCrypto_]

The market's base case is now that hikes are over and there will be four cuts by end of year. Fed funds futures have been quite volatile, but still incredibly dramatic change in outlook from even Monday

[nic carter @nic_carter]

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandal

https://t.co/Sa25w6Au7b

[Marathon @MarathonCrypto_]

👨‍🚀🔫👨‍🚀

[Jeff Stein @jstein_sun]

So are all uninsured deposits *nationally* now implicitly backstopped by the FDIC?

[Marathon @MarathonCrypto_]

Fwiw Western Alliance Bank has onboarded many major crypto companies relatively recently, they are the last option for the time being for many

[Marathon @MarathonCrypto_]

@tolstoybb Apparently a levered credit fund that borrows unsecured at 0% from the general public

[Marathon @MarathonCrypto_]

sometimes i think cantillon insiders couldn't possibly be too stupid to understand the meta game with the state of US commercial banking, but then other times i hear stuff like this

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

I'M HEARING FEDERAL BANK REGULATORS are mad that "people warning each other about SVB" on Twitter exacerbated its bank run. But Twitter isn't the problem--risky banks are the problem. If Twitter rumors can bring a bank down in <48hrs, it was fragile. Regulators have work to do.

[Marathon @MarathonCrypto_]

if you're in line at the SVB run, stay in line

[Marathon @MarathonCrypto_]

@CanteringClark Liquidity pretty poor for it but you can trade 1d options on deribit

[Marathon @MarathonCrypto_]

In fact, in the insti space you don't get paid for performance per se, you get paid for AUM. Performance is really just a marketing tool, but not strictly necessary for an individual to earn $$$ by running a fund if they're a good marketer. This is crucial to understand IMO

[Marathon @MarathonCrypto_]

My take, having faced basically every large fund/trader in crypto in OTC trades in spot & options, is that there are no pure "sharps", no masters of the universe, no people who are always right. Certainly many have made great fortunes over time, but even they are wrong a lot.