Arjun Sethi retweeted
Our message to Nvidia's board:
Do not fire Jensen Huang.
There is no clear replacement for Jensen Huang. We are confident that his departure would ultimately be a net negative for Nvidia, its shareholders, and the AI Revolution.
First, take a look at the data. History also suggests that removing a successful CEO will come with a significant cost.
A study of 187 forced CEO departures from S&P 1500 companies found that removing outperforming CEOs resulted in negative long-term stock returns. This case would be no different, in our view.
Jensen Huang is the definition of an outperforming CEO. Nvidia's board must not make a decision in the heat of the moment.
The board should take the time to conduct a thorough investigation and consult with shareholders, with a strong emphasis on the latter.
Quite literally, Nvidia's board should convene a special shareholder meeting and hold an advisory vote on this decision. This is the most consequential CEO controversy in world history. Shareholders deserve a say.
In addition, Nvidia's stock, $NVDA, is now down -35% in 26 trading days, nearly half of which is a result of the recent scandal.
We believe Jensen Huang's potential removal as CEO is now ~80% priced in.
Why take an action with massive downside potential when the market has already priced in much of that risk?
The downside of retaining Huang may be limited, while the potential upside is tremendous.
Lastly, history shows that retaining Jensen Huang could still lead to a favorable outcome. In 2019, Amazon retained Jeff Bezos as CEO after his extramarital affair became public, and the company's stock subsequently surged +108% by 2021.
Personal misconduct should not be ignored, but it must also be distinguished from corporate wrongdoing and weighed against the consequences of removing an executive who is instrumental to the company's success.
We believe Jensen Huang is an irreplaceable part of Nvidia and the AI Revolution more broadly.
Once the dust settles, firing Jensen Huang would prove to be a costly mistake.
It is time to pause and consult your shareholders.
Arjun Sethi retweeted
Anthropic IPO access is now open.
Explore the details and place your request 👇
app.kraken.com/JDNW/Anthropi…
Arjun Sethi retweeted
Payward's @xStocksFi is expanding beyond US tokenized equities.
In partnership with @GTNglobal, more than 200 of the UK and EU’s largest equities are now tokenized by xStocks, including HSBC, Shell, LVMH and Airbus.
The first international launch, with more markets to follow.
payward.com/press-release/xs…
Arjun Sethi retweeted
Next version of @KrakenWalletHQ ships with seppuku mode enabled. Make no mistakes.
Arjun Sethi retweeted
We at @Payward are pleased to join @Coinbase and other industry leaders in an amicus brief defending the @CFTC’s authority to regulate single-stock perpetual futures in the United States.
Innovation belongs onshore, in transparent, regulated markets—not pushed offshore by litigation and regulatory uncertainty.
Today @Coinbase, @Kalshi, @Payward, DRW Holdings, @Jumptrading, and @Paradigm moved for leave to file an amicus brief defending the @CFTC’s authority to regulate single stock perpetuals in the US.
The law is clear. Under the CEA and the securities futures framework Congress established in 2000, security futures products are not “swaps.”
Others would rather litigate than compete with innovative products that promise to open up new markets and financial opportunities for American investors with the oversight and investor protection of the @CFTC and @SECGov built in.
Killing innovation won’t stop these products. It will just keep them offshore and unregulated. We’ve been working for years to onshore equity perps in a responsible and regulated way and won’t stop until we bring these products to our customers.
Read more in our brief 👇🏼
Arjun Sethi retweeted
PURPS, the native mobile app built by @nadoHQ, is better made than any trading app I've used.
I've watched it since beta, and it's a different level of mobile experience. (its in early access : purps.app/?join=crtqhqf)
· Soft haptics on every tap
· Stocks, commodities and crypto in one app
· Every trader's position is public. just skill
· Draw on the chart, post to the feed, earn creator rewards
· Top traders and friends feeds, leaderboards, follow
· Open on PURPS, live on Nado. Same engine
And if copy trading ever lands in the app...
Search "ink" under traders to follow me.
check real use case at below video.
Arjun Sethi retweeted
In under three weeks, @SentoraHQ has become the first curator on Aave to cross $100 million deposits.
Arjun Sethi retweeted
1) Jensen is one of the greatest entrepreneurs of this generation
2) he did something incredibly dumb
3) it was bad for America
4) but my guess is there was no bad intention
5) two mistakes don’t make a right, and I believe Jensen is irreplaceable for America’s AI leadership
Arjun Sethi retweeted
Payward (Kraken) has purchased $AAVE tokens on the secondary market as part of our partnership to bring onchain lending to a broader audience.
This highlights the singular focus on the $AAVE token formalized under the Aave Will Win Framework.
Today @Payward, the unified financial infrastructure platform that powers @krakenfx, announced that Digital Asset Special Investments I, LP, a Payward-affiliated investment fund, and its clients acquired AAVE tokens.
The AAVE tokens were acquired through secondary market purchases, and Payward may make additional acquisitions in the future. Payward and Aave are also exploring opportunities to collaborate on future initiatives.
As traditional and onchain markets converge, Payward believes DeFi is an integral part of the global financial system, with Aave playing a leading role in this evolution.
Arjun Sethi retweeted
Today @Payward, the unified financial infrastructure platform that powers @krakenfx, announced that Digital Asset Special Investments I, LP, a Payward-affiliated investment fund, and its clients acquired AAVE tokens.
The AAVE tokens were acquired through secondary market purchases, and Payward may make additional acquisitions in the future. Payward and Aave are also exploring opportunities to collaborate on future initiatives.
As traditional and onchain markets converge, Payward believes DeFi is an integral part of the global financial system, with Aave playing a leading role in this evolution.
Arjun Sethi retweeted
Today, equity perps can begin trading for the first time on @CFTC registered exchanges.
This move reflects my commitment to ensuring that America’s markets remain the most innovative, liquid, and well-regulated in the world. Instead of being forced to turn to offshore, unregulated venues to access equity perpetual futures, Americans may now access equity perps on CFTC-regulated markets subject to robust safeguards.
I appreciate the continued partnership of @SECGov and @SECPaulSAtkins as we work to further harmonize our agencies' regulatory initiatives.
@ChairmanSelig Releases Statement on Equity Perpetual Futures: cftc.gov/PressRoom/PressRele…
Arjun Sethi retweeted
Unbelievably naive groomer take. You can actually suffer brain damage from "being exposed" to horrible things. There's shit you can't undo that no amount of talk therapy will fix. You don't want the "free flow of information" going unfiltered into your child's brain.
