Yesterday we closed the book on XBTUSD — the contract that started it all.
Launched on 13 May 2016, it was the longest-running perpetual swap contract in crypto. And until we are told otherwise, the longest running derivatives contract of any kind, given TradFi still trades on contracts that expire.
Let's take a trip down memory lane one last time 💔
malk retweeted
Binance or total open interest is half of last year top:
- total now $100B
- total Oct 2025 $200B
- Binance now $26.8B
- peak was roughly $45B+ in mid-late october
october high was extreme overcrowding + high leverage. classic washout.
lower OI usually means:
- less fuel for another violent cascade in the short term
- market is cleaner, less leveraged
price still can dump for any reason, but not aggressive, not bearish.
malk retweeted
BREAKING⚠: Two missiles hit a US warship near Jask Island after it ignored Iran's warnings - Iran's Fars News Agency
malk retweeted
Allbirds $BIRD +330% after announcing it's pivoting from shoes to... AI infrastructure.
Selling its brand and footwear assets for $39M. Secured $50M convertible financing to become "NewBird AI," a GPU-as-a-Service and AI cloud solutions provider.
Will ask stockholders to remove "references to the company being operated for the environmental conservation public benefit" from its charter.
From sustainable sneakers to GPU cloud. You can't make this up.
malk retweeted
Not even a week after JD Vance traveled to Budapest to show his support and love for him, the pro-Russian Viktor Orban has suffered one of the most catastrophic electoral defeats in the history of the Hungarian nation. Do visit us more often, JD! Cheers from Europe!🇪🇺
malk retweeted
BREAKING: - U.S. paper currency will bear President Donald Trump's signature to mark the 250th anniversary of U.S. independence, the Treasury Department said on Thursday, a first for a sitting president — Reuters
malk retweeted
JPMORGAN LAUNCHES NEW CDS BASKET COVERING ALPHABET, AMAZON, META, MICROSOFT & ORACLE TO HELP CLIENTS HEDGE AI-RELATED DEBT RISK - SOURCES
malk retweeted
Chinese government tells state refiners stockpiles under 'strategic petroleum reserve' are off-limits for release for now - Sources
malk retweeted
Central banks are selling US debt.
Stablecoins are buying US debt.
What happens to the stablecoin yield from US debt at Tether?
It buys Bitcoin.
It also buys the White House ballroom—because stablecoin issuers have become the exit plan for US debt.
Stablecoins are the new tool in the debt-based Ponzi.
malk retweeted
🚨FED OPENS DOOR TO CRYPTO BANKING
🇺🇸Governor Chris Waller announces the central bank is proposing a new “limited-access” or “skinny” master account that would give legally eligible institutions direct access to the Fed’s payment rails - without relying on partner banks.
This streamlined model could fast-track access for crypto banks and stablecoin issuers, marking a potential turning point in how digital asset firms interact with the U.S. financial system. 🤝
h/t @EleanorTerrett



























