tech, history, art
nyc
Joined September 2021
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Reid retweeted
1) this group's website went live in the last 24 hours, formed out of nowhere (like the group) for the express purpose of opposing equity perps
2) the lawyer on this complaint is Megan Barbero, Gary Gensler's SEC general counsel
I love tradfi regulatory protectionism!
The Capital Markets Alliance (CMA), whose members include Cboe, Citadel Securities and Healthy Markets, has filed a lawsuit challenging the CFTC’s approval of perpetual futures on individual U.S. stocks.
The group argues the products fall under the SEC’s exclusive jurisdiction and is asking a federal court to overturn the approvals.
Reid retweeted
"@Lighter_xyz lost the @RobinhoodApp perps integration everyone thought was coming"
sometimes just thinking a little bit apart from reacting to a headline will do good.
so would reading up on NBBO & licenses and how Lighter's setup is the most likely the get the aforementioned (no fees for retail and circuits rather than decentralised network)
Robinhood will integrate many venues, but they will be forced to pick the best price.
Just over 60 days left on $LIT before the insider cliff hits
Some context:
> @Lighter_xyz lost the @RobinhoodApp perps integration everyone thought was coming, allow sellers and shorts to dominate in October
> Rejected at supply near $4 twice and has come all the way back to where the CHoCH broke. That level is the test now
> Lighter burned another 2,452,017 $LIT on Oct. 11 from Q3 buybacks. 100% of trading fee revenue goes straight into open market purchases
> Dec. 28 starts 500M LIT vesting, 50% of total supply, about 3.2M a week into late 2029
> The entire circulating supply today is the airdrop. Insiders haven't been able to sell a single token yet
I think long term $LIT is a winner and undervalued vs. $HYPE. Will be DCAing between $2 - $3 range
Reid retweeted
somehow perps on mobile still feel prehistoric.
this changes today.
excited to finally release what we've been battle testing behind the scenes with real perps traders. it's currently focused for people who know how to trade perps, but we're slowly expanding more lite mode features as well to make it easier and more accessible.
Reid retweeted
Our team is cranking away at launching new features and markets into the year-end. Next up are equity futures, starting with $COIN and $HOOD. Fun fact: both are investors in Lighter.
teapaw.org/Lighter_xyz/status/199…
Reid retweeted
My mistake. It does prove all the sigs. Pretty cool. Cunningham’s law strikes again.
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The alt L1 trade - SoLunAvax - from last cycle peaked in 5-10% range compared to Ethereum. Could be useful heuristic for SOV trade.
10% of Bitcoin seems to be a reasonable lower bound target for ZEC
that sounds a bit crazy until you realize XRP/BNB are already close to that
the memeability is there, the ecosystem/community is there, and the tech and utility are there
will take work but will be fun
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Reid retweeted
On Monday, we will announce the details of the mass compensation event based on that data and reported issues, likely a combination of stablecoins and points distributed in a fair manner. A smaller part of that compensation will also go to those affected by the unrelated LLP drop (post mortem on that tomorrow).
Reid retweeted
We are excited to be attending Token 2049 in Singapore and announcing the public mainnet launch of Lighter!
Read all the details of how our tech works and what the launch means for early and new customers:
teapaw.org/Lighter_xyz/status/197…
Exciting step for the @N1Chain team. Many more milestones to come! Give the testnet a try if you have not yet.
Reid retweeted
Bullpen, Co-Founder, @blknoiz06, explains why he's finally long Bitcoin again on the latest episode of @_Fullport 🎬
For far too long, poor user experience has been a friction to user growth and adoption. Layer3 team continuing to push the boundaries forward. Excited to use their Wallet product, which should usher in a new era of usability in crypto.
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Excited to support @0xevevm on this endeavor. Funding for research shouldn’t be constrained by corporate and government bureaucracy
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