CEO & CIO @DeFianceCapital Asia-based investment firm focusing on liquid assets spanning crypto and equities
Onchain
Joined April 2013
- Tweets15.2K
- Following1.7K
- Followers212K
- Likes106K
As compute become a new market to trade, I foresee new trading desk better positioned to capture these emerging opportunities.
Excited to be one of the early backers of @marblegroupxyz
Today @LeonWMarshall and I are launching @marblegroupxyz to power the world's frontier markets with capital and liquidity.
Marble Markets: institutional trading across digital assets, RWAs, prediction markets, and compute.
Marble Compute: institutional private credit for AI infrastructure.
$11M seed led by @polychain. We're hiring.
Beside the new First Class seats, genuinely not impressed especially with Singapore Airlines routinely cost 2 to 3 times of comparable flagship airlines prices.
Plus most of us will not even experience it until 2028 given the gradual rollout schedule from 2H 2027 onward.
The new SQ business class colour palette is a friendly reminder that you're still very much at work as your ticket is paid for by your employer.
I don't know where the $2 billion went to or how much of it was wasted on useless consultants.
'Buy Singapore' these days either means you get ripped off by a local company slapping its brand over a Chinese OEM or you grossly overpay for a so-so product that's past its heyday, sort of a reflection of the Singaporean graduate market.
It's honestly hard to justify paying for SQ prices especially in the premium cabins when the competition has caught up and layovers are a minor inconvenience when you're like a full 1/3 cheaper or even 1/2 the price of SQ.
Maybe it's just symptomatic of a wider Singapore problem where once the competition catches up, you realize there isn't too much that makes us intrinsically special and to generate more revenue/profits, the easiest option is to turn to foreign labour and crank up the frequencies.
24
85
15,159
Despite the Binance hack, I expect the recent US tech/AI equities underperformance to be a strong tailwind for crypto performance over the next 6 months.
Many crypto-natives that off-ramped previously will on-ramp again to reallocate money into the asset class that we are much more familiar with instead of being exit liquidity for all these erratic fast money in tradfi world.
We really need to do something about North Korea at this point for the sake of the industry.
Update: Stolen funds from the $6.3B Binance exploit and $388M Bitget exploit were commingled at the same address 45 minutes ago, after arriving via THORChain.
This indicates the same actor is likely behind both incidents.
The Bitget exploit was attributed to DPRK-linked TraiderTraitor, which had overlap with other previous exploits such as Kelp DAO.
Commingling address:
0x15104a9ce0f08a8f0075a0869ae80e795fe0feb7
Bitget exploit context: xitter.twitterapi.xyz/zachxbt/status/2104528…
Yes
Doesn't even matter what happens to $HYPE price today.
Every.
Single.
Fund manager, retail investor, finance podcaster etc will be talking about it, trying it, looking into it after today.
Enormous career risk to not at least have an educated view on @HyperliquidX when your investors start calling you up tomorrow.
Irreversible mind share step function gain today.
This will come back to bite back Indonesia way more than Singapore; as Indonesia have demonstrate that they are an unreliable economic partner that can reduce and cut off commercially agreed supply at a whim and this will further push Singapore to diversify the energy supply source.
Also Singapore wouldn't have an issue sourcing more natural gas supply being the no.1 commodities trading hub of Asia. A lot of LNGs we can source from other sources.
Indonesia begins cutting natural gas exports to Singapore from Oct 24: Reports bit.ly/4z6bRRj
Same
It was a little over 2 years ago when I capitulated to crypto being mostly a joke. 2+ years later, here we are, glorifying serial ruggers to extents I couldn't have imagined and repackaging every form of gambling into something easy to fire from the couch.
It is what it is-- there is no stopping it. At some point I thought differently but I was wrong. The industry has earned the bad perception it has. You have at least another 2 years until there is a chance of a new administration that would seek to reverse the direction of travel.
My way of coping is paying attention to the ≈10 things that actually matter (towards non-sovereign money and modernizing the financial system) and ignoring the 98349237543906782943579 things that don't-- only occasionally crossing over when things get slow to confirm nothing has changed
K-shaped crypto market