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🚨 @SkyEcosystem TVL is down ~ 10% in the past 24 hours, where huge redemptions to USDC were seen from PSM
Here's where it went 🧵
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This isn't a new player. On Oct 28 the same wallet pulled from sUSDS and swapped through Spark's USDS PSM wrapper, while also moving money in and out of Aave and Spark USDT positions.
It looks like a whale / potentially the earn product that rotates between yield venues.
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Colin retweeted
Excited to announce we are NOT building the Bloomberg Terminal for prediction markets.
We’re building the discovery layer for everyday people.
Join our beta: PrediDesk.com
Colin retweeted
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes.
The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.
SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain.
Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
Colin retweeted
Today, we are announcing a strategic integration in collaboration with @Securitize, to make @BlackRock USD Institutional Digital Liquidity Fund (BUIDL) available to trade via UniswapX through Securitize
Colin retweeted
CRYPTO TRACKS EQUITIES, NOT DIVERSIFIES
Cryptocurrencies are moving in line with equities, acting as an extension of market risk rather than a hedge, says Saxo Bank. Defensive sentiment persists due to ETF outflows and fragile liquidity. Bitcoin rebounded 4.9% to $66,217, and Ether climbed 3.9% to $1,918 after recent multi-month lows.
Colin retweeted
People keep telling you to take what works in equities and apply it to crypto.
Those same people then claim that factors don’t exist in crypto at all.
Let’s answer once and for all if equity factors exist in crypto and if you can profit from them.
Link in Profile.
Giving away free copies randomly if you retweet.
Colin retweeted
Debated 1v1 against @gametheorizing on whether synthetic dollars (e.g. Ethena) will lead to the next Luna-style crash, to a full house yesterday at @blockworksDAS in London.
We held this debate just yesterday, right after the wreckage from the weekend.
Who do you think won? 👇
Colin retweeted
Today, MARA mined the “Trump 47” block, a historic visual marker on the Bitcoin blockchain to honor the inauguration of President-Elect @realDonaldTrump, the first Bitcoin President of the United States. mempool.space/block/00000000…
Colin retweeted
1/ On Oct 18th, @FiveThirtyEight’s prediction of Trump’s Election odds tipped above 50% for the first time since August, after dipping as low as 36% in Sept and remaining below 50% for ten consecutive weeks.
On @Polymarket, Trump never fell behind for more than a single week.
Colin retweeted
It looks like the Carry Trade – that blew up markets – is attracting Hedge Funds again. Japan’s currency has weakened more than 5% against the dollar since Aug. 5. Yen shorts have risen ~30-40% in past week. bloomberg.com/news/articles/…
