Patrick Young

probably talking about crypto or something macro.

[Bruce Weingart @bruce_weingart]

📷
Miami (Ohio) making multimillion-dollar bet: How the RedHawks are spending big to secure future
Looking to the future is key in this day and age, and Miami (Ohio) is going all in to make sure it won't be left behind.
https://t.co/SluRJJxuuu

[FalconX @FalconXGlobal]

FalconX x @worldlibertyfi

We’re excited to announce support for USD1, World Liberty Financial’s USD-backed stablecoin, across FalconX trading, credit, and custody.

Institutional clients can now:
✓ Trade USD1 with deep, reliable liquidity
✓ Use USD1 as collateral for select derivatives and financing transactions
✓ Custody USD1 securely with FalconX

Together, we’re expanding institutional access to transparent, trusted stablecoins.

Learn more: https://t.co/xnV1eNclVg

[Jon Gruden @BarstoolGruden]

Have you ever heard of the Cradle of Coaches?! It's found in Oxford, Ohio home to the Miami Redhawks!

This place is special to me for more reasons than I can count, and I LOVE these colors!

Thank you to Coach Martin and @MiamiOHFootball looking forward to your season!

[Patrick Young @Patrick_Young14]

Real Miami

[Brick Street @BrickStOxford]

Brick x @RobGronkowski x Miami OH!!!
( 5/21/25: @BussinWTB podcast)

Gronk is still a legend at Brick!! And he’s right!! The atmosphere at Miami OH is next level!

# ImGoingHam

[Patrick Young @Patrick_Young14]

Perp Szn

[db @tier10k]

Never made sense that US allows anyone to punt 0DTE options but perps were a step too far

[Patrick Young @Patrick_Young14]

The new Yankees bats are a cheat code

[David Sayler @MiamiOH_DSayler]

@NITMBB riddle me this...@MiamiOH_BBall submitted bid to host and participate in the NIT. We finish 25-9 and 14-4 in @MACSports

If you did not want to take a MAC team ok, but then you take one that we beat 3 times and finished 3 games better than in the standings? @TimDuncanAD

[Patrick Young @Patrick_Young14]

My 90 year old grandma just asked me to explain everything about bitcoin to her. My bags have been saved

[Patrick Young @Patrick_Young14]

Every time they knock me out, I’m back in it

[Electronic Trading Architect | Strategic Advisor @sisSoftware]

Doing FX spot arbitrage manually, back in 2005.
🤯🤯🤯🤯

[Patrick Young @Patrick_Young14]

#NewProfilePic

[Maurice Clarett @ReeseClarett13]

It’s time to restore order. It’s too much 💩 talking. Have to send a reminder to those that need reminded.

[Barstool Sports @barstoolsports]

Brick Street was ROCKING after Miami (OH) won the MAC Championship

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

How Tokenization is Re-Shaping Banking and Private Equity:

This quote from my friend Patrick O’Meara (@omearaop ex-Bear Stearns and CEO of Tokenization platform Inveniam) stood out to me:

‘The role of a bank is changing.

Private Credit Repo Markets are developing.

The collateral will be resold on a tokenized Markets.

Private Markets will eventually just become, markets...

The melding of Non-bank lending in Markets with Banks and RWA capital stack trading digitally will transform banking.

Add in DeFi lending and you have the next version of Capital Markets.‘

>> 1. This pairs well with the tweet below showing PE firms are assuming traditional bank lending functions. Banks, in turn, are lending to the lender.

>> 2. This is a seismic change in how credit markets work. You heard it here first.

>> 3. Apollo, KKR, Wellington et al are all embracing tokenization. Tokenization is accelerating this.

Let me paint it starkly.

Soon you can get a 3rd party mark on your Private Credit Fund.

That LP position is accruing and paying you interest.

Now imagine you can get liquidity on that mark due to tokenization (by pledging or selling it).

So…

how different is your LP interest from a Demand Deposit or a Term Deposit at a Bank

Except at a higher rate of return and w/o FDIC insurance?

Private Equity funds are turning into banks (with ‘back leverage’ from banks).

Credit risk continues to flow out of banks into the arms of Private Equity.

How long before that risk is tranched so you have a AAA-rated senior bond that pays more than JP Morgan Chase?

Except Apollo is the one taking your non-FDIC insured deposit?

tl;dr Tokenization is enabling shadow banking to replicate banking.

Read 👇 for more context

[Barstool Sports @barstoolsports]

Phil and Brooks pulling up to the PGA merger after making hundreds of millions in 2 years

[SEC Chair Gary Gensler Archive @GenslerArchive]

Today @SECGov charged Kraken for the unregistered offer & sale of securities thru its staking-as-a-service program.

Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries must provide the proper disclosures & safeguards required by our laws.

[Pardon My Take @PardonMyTake]

Ohio State fans looking at Ryan Day

[Barstool Sports @barstoolsports]

Ryan Day’s birthplace

[Adam Cochran (adamscochran.eth) @adamscochran]

1/82

I'll be pinning this detailed timeline, as my final piece covering this topic, as now the case is closed in my mind.

This was a crime plain and simple and I'll put no more wind in this criminals sails:

FTX: Meltdown.

The definitive and chronological thread.