Mat (∞)

Crypto degen and Forex geek

[Injective 🥷 @injective]

Regulatory approval for perps in the U.S. has made massive strides

Injective was made in the US. Injective pioneered the first truly decentralized perps. And now we will work to make history as we bring perps mainstream to all 🇺🇸

[Ejaaz @cryptopunk7213]

leopold aschenbrenner just released his fund's latest investment portfolio & honestly its not what i expected

he's gone massively short the entire semiconductor supply chain but also revealed what he thinks the next AI constraint is:

> biggest surprise: he's short intel. he sold out of his massive Intel position that made him famous.

> he's also gone short $9B worth of puts in nvidia, asml, amd, oracle and van ecks semi etf.

> biggest long positions are in memory (sandisk) and power (bloom) with a combined $3.5B value (these are his next bottlenecks)

> he trimmed ~$1B of bloom energy position but still holds $1 billion of it. his single largest long holding.

> his lumentum position is gone (bearish optics?)

> the one consistent thesis is he continues to hold data center bets (ai labs will still need gpus)

> fund is now worth $13.7 billion (notional). it was just $5.5B 3 months ago and $220 million ~1yr ago

[Coinbase 🛡️ @coinbase]

Today we’re expanding our support for @HyperliquidX by becoming the platform’s official treasury deployer of USDC.

Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid - USDC delivers exactly that.

Alongside this, we’ve also significantly increased our position of staked HYPE.

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[perry @perry8888_]

Kevin Warsh owns 30+ crypto projects and youre brearish

the next Fed Chair's disclosure includes: Solana, Optimism, Blast, Compound, dYdX, Polychain, Scalar Capital, Lightning Network, Lighter

the next Fed Chair is more degen than you

[Ejaaz @cryptopunk7213]

yeah so this is insane

24 year old turned $225M into $5.5B in <12 months. dug into his recent investments and… holy fuck

- MASSIVE $885M position in Bloom Energy (specialises in portable energy turbines for… you guessed it - ai data centers) - this 1 position is 20% of the entire fund lol

- massive SHORT position on Infosys. he’s betting claude code, codex are going to replace outsourced IT work (he’s right)

- added $300M to his corweave position totalling $700M (someones gotta run those gpus)

- aggressively pivoted investments into electrical and energy infra (aka AI’s biggest constraint right now)

- dumped $100Ms of NVIDIA and Intel positions.

- aggressively buying bitcoin mining companies and re-purposing them for ai data centers. (cipher, bitdeer)

- fund up $1.5B in the last 3 months (+35% last quarter)

- now owns 10% of core scientific (levered bet on coreweave 😂)

He outperformed the S&P500 8X in the funds first 6 months. fucking goated.

[Matthias Schmidt @eurofounder]

Perfect European career:

18yo - Start bachelor studies
19 - Go on Erasmus to have sex with foreign students
21 - Finish bachelor
22 - Start master studies
23 - Get unpaid internship
25 - Finish master studies
28 - First well-paid job (€1,200/month)
29 - Get second master's degree
31 - Move out from your parents house
32 - Get online MBA from University of Südwestfalen
33 - Find new job (€1,600/month, can never be fired)
35 - Get online certificate in Sustainability Leadership 67 - Retire with €650/month pension

Life in Europe is simply paradise

[DonAlt @DonAlt]

My gut feeling is that we'll get out of this bear market sideways

There will be a bunch of bigger bounce plays but you'll probably have a while to buy around the bottom this time round

Get comfortable with the pain bros, it'll last a while IMO

[Mat (∞) @matfxcrypto]

@ImperialPerps Gm

[Mat (∞) @matfxcrypto]

@RobinhoodApp Hood please send me a hoodie 🐂

[Robinhood @RobinhoodApp]

You deserve a treat. Comment below and we may send you some merch.

[MegaETH @megaeth]

100,000+ users KYC'd. Over 70,000 Twitter users.

$MEGA Public Sale kicks off tomorrow at 1pm UTC/ 9a EST.

More dates and details to stay informed [thread]

[MegaETH @megaeth]

The $MEGA Public Sale Begins Now.

It will remain until Thurs, Oct 30th 1p UTC / 9a EST.

[MegaETH @megaeth]

the MegaETH sale is currently oversubscribed.

we would like to remind everyone that all participants, regardless of allocation, will be eligible for additional tokens on mainnet.

good luck have fun.

[MegaETH @megaeth]

24 Hours Remaining for the $MEGA Public Sale

Reminders:
→ Refunds will be automatic (Nov 5th if no allocation)
→ Non-sybil bidders are eligible to participate in the Mainnet Campaign
→ Allocations will be known 1 week after auction close

[MegaETH @megaeth]

The First Real-Time Blockchain.

Built for you. Priced by you.

Our public sale on Sonar by Echo, starting at $1M FDV, makes you the largest stakeholder in our network. [thread]

[Paul @pauliepunt]

The first trillion is always the hardest.

https://t.co/R4Z71X9mzR

[qw @QwQiao]

the most likely explanation for this is some big exchange or mm broke

[Cobie @cobie]

@binance Hyperliquid

[Ethena Ecosystem @Ethena_Eco]

May I have your attention, please?