FOMC Summary:
1. FED left rate unchanged (3.5 to 3.75%), as expected.
2. Hawkish tilt with 9 out of 18 participants anticipating one hike this year (cf. 0 participants in March).
3. FED does away with forward guidance, signaling a reactive stance - might suggest rate hikes as we have higher energy prices due to Iran war reflecting subsequently. Also suggests a more volatile FED (which should be better for investors in the long term).
4. Five new "task forces" launched: comms, balance sheet, data, productivity/labour and inflation.
Theoretically, potential rate hikes + no forward guidance should dampen the markets.
But the AI trade has been standing on its own two legs.
Overall the direction is up, we just need to get the noise out of the way.
ze @KyanExchange Beta goes live early October
mucho MVP packed in from day one: perps, options, portfolio margin, combo trades, USDC collateral, one-click execution
le ONCHAIN IS A COMPETITIVE EDGE
options absolutely RUN tradfi...but in crypto? they’ve lagged
perps already crossed the bridge onchain, proved speed, liquidity, transparency can live inside a self-custodial box
now ze frontier is OPTIONS
so far the state of play: fragmented liquidity, clunky execution, infra too slow for anyone serious
people want options (lol) BUT executition isn't there
KYAN is changing that
- liquidity from day one: committed market makers across perps + options, deep books, tight spreads, confidence whether you’re hitting single legs or multi-leg spreads
- high-performance infra: instant fills, no compromises. benchmarked against CEX speed
- RFQ for size: whales can move $200k+ block trades without torching books. perps, options, combos. all supported
- portfolio margin: risk netted at the portfolio level, offsets matter, unlocks capital efficiency
- combo trades: stack up to 6 options + 1 perp in one shot, lower cost, less execution risk
le FULL tradfi sophistication but mucho onchain innovation
linn is betting on ze Kyan
dc: linn has been a Premia (previous iteration of Kyan) supporter since 2022, linn backs unstoppable teams and they have not stopped improving since then, as a Kyan ambassador linn linn knows they will succeed
we're getting close. currently doing internal testing before our alpha testers start phase2.
public testnet trading comp will happen just after this ends and then we'll be going live on @arbitrum ! liquidity will be thicc day one, we'll be ready for everyone and anyone
had to do it again: on average ~75% of supply has not even hit the market yet! from this list alone that's $15b at current fdv. not all of those are equal but the market will sort through the list
$HYPE is now accepted as collateral on Maple.
Institutional borrowers can now access flexible capital against $HYPE positions via tailored, overcollateralized loans.
Maple. 🤝 Hyperliquid.
MiCA licence secured ✅
It was great to meet with Luxembourg Prime Minister @LucFrieden, the Crown Prince, and the very welcoming ministers as we announce the receipt of our MiCA license from the CSSF.
Time to take crypto adoption in Europe to the next level.
Moien, Lëtzebuerg. 🇱🇺
We’re pleased to have secured our Markets in Crypto Assets (MiCA) licence from the CSSF in Luxembourg.
We can now offer a full suite of crypto products and services to 450 million people across all 27 European Union member states.
I have a friend who is a wealth manager for middle sized portfs (low single million), and he charges 1% yearly on AUM to buy SPY/QQQ and bonds.
I used to not understand how his LPs could be happy paying fees for tracking the market, but after being in CT for so many years I realize that people's worst enemies are themselves.
His client's alternatives are either
-managers that chase high-beta (and get rekt)
-rekting themselves.
Buy and hold BTC outperformed everyone on CT, 94% of funds underperform the benchmarks net of fees.
Understanding when you have no alpha can be your biggest alpha.
99.9% of people should not be actively investing.