
Decade+ messing around with programmable money. Head of Onchain, @krakenfx🔮
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Joined October 2015
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Alignment.
Excited to work with Payward to forge a path for onchain derivatives built on Hyperliquid's infrastructure. Kraken is one of the most trusted and respected exchanges in crypto. They are also true believers in the technology and crypto ethos. We're honored that they are building on Hyperliquid to bring the next evolution of perpetual markets to the United States.
The clues
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.
HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
Ready?
1,000+ xStocks are now native on Ink.
the goal: make Ink the best place on EVM to build with tokenized stocks.
Swap them on @tydroHQ. Build with them on Ink.
Thanks @xStocksFi 🤝.
Alchemist +|- retweeted
Over $35,000 in rewards distributed, through just over a week so far, to activated WIRED holders.
Are you WIRED?
Alchemist +|- retweeted
NFTs are an area of crypto that i think deserves another look
the 2021 boom and subsequent crash left a lot of people with a negative view of them, but the underlying concept still makes sense to me
as more businesses move onchain, NFTs could become a useful way to represent ownership, experiment with revenue sharing and build communities around products
i expect there's still a lot of room for experimentation beyond the NFT models we saw last cycle
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The debate over whether crypto and stablecoin companies should be allowed to offer interest or yield on customer balances without complying with traditional banking rules....
“If you are going to be holding balances and paying interest, that's a bank. You should be regulated by a bank. ... So we have been firm, one thing over here, yes, but if you want to be a bank, become a bank.” - Jamie Dimon, JP Morgan Chase CEO
ft.com/content/8e82ae33-cc11…
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🇺🇸 Senator Elizabeth Warren has repeatedly stated that cryptocurrency is used for money laundering and to avoid sanctions.
Today, the US government fined Bank of America $1.2 billion for violating money laundering regulations and sanctions laws.
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JUST IN: Nasdaq CEO predicts blockchain-based tokenization will transform global finance, unleashing tens of billions of dollars in capital.
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🔥 BIG: Kraken parent Payward teams up with Singapore Gulf Bank to offer institutional clients in Asia and the Gulf instant 24/7 settlement for digital asset trades.
Slowly then all at once.
most companies are still talking about ai agents. ours closed 5,908 tasks in the last 20 days. here's what's actually running inside and soon to be outside @Payward..
inside:
- sep 10 we opened team agents to everyone. 82 requests approved in the first two days
- 13 agents became 136 by sep 29. 106 live in team channels, 30 more in setup, working alongside 2,212 people in 152 teams
- names like kyc chad, prop clanker, mithrandata and shaggy
- nearly half of those 5,908 tasks started on their own, on schedules and triggers our teams set up. you shouldn't have to tell an agent to get started, you hire them
- busiest ones: our consumer growth agent with 2,118 tasks in 30 days, our regulatory reporting agent with 1,114
- every team agent can write its own upgrades. it writes the code and opens the merge request, a human decides whether it goes in. the agent makes itself better, we still decide what ships
- team agents alone: 6.9B tokens, 160K model calls so far
- agents are starting to use computers: sign into a tool in a cloud browser, replay a recorded workflow, finish the job. in testing now
- 1,276 of us signed up for a personal agent, 1,136 have logged in, 242+ have put one on a schedule
- a dev platform ai team of 3 shipped coding agents, general agents, an llm gateway and company search in under four months
- coding agents: 16,000+ sandboxes since may, 2,900+ merged MRs
- general agents: 85,000+ conversations
- our dev platform went from 40 agents on 10 teams in june to 240 on 40
outside:
- you can trade just by chatting with kraken's ai in the US app on @krakenfx. those trades grew 17x from early august to mid september as we opened it up. still early, people are using it
- one september week: 22,000 conversations, 2.2B tokens, a typical reply in about 1.4 seconds, about 7 cents a conversation. nobody wants their trading app to stop and think.....
- last december a personalized market brief cost 40 cents a user to generate. two weeks later it was under 3 cents
- the ai side panel is rolling out on @krakenpro. describe a strategy in plain english and backtest it against 180 days. 1,269 backtests in the first month. try the idea before you put money behind it
- trade by chat in telegram, whatsapp, imessage soon..
- or bring your own agent. the open source kraken cli has 170+ commands, 59 agent skills, mcp and paper trading built in. let your agent prove it on paper before it touches real money
next up: agents that remember you, reach out first, and work in the chat apps you already use. breaking news in seconds, load tested at 40,000 live connections. the model should disappear. it should feel like talking to someone who knows you, markets and money..
everything we build for ourselves, we're building for our customers. the agents that run payward are becoming the agents that work for our customers.
agents, not features. this is the slowest it will ever be..
soon we'll have an army, millions of agents we hire, and they hire, and the same self direct behavior we will enable for our customers for free.
we ship, not announce.
Alchemist +|- retweeted
I want this to come true. Agents working on people's behalf, to not be fucked over, by a bank or the government anywhere in the world.
self directed ai + crypto > bank ripping you off.
The chief economist at Apollo is warning that mass adoption of AI agents could trigger a bank run as they optimize user investments. Gary Gensler spent his last few years as SEC chair warning that the exact same problem will hit the markets: the pursuit of algorithmic perfection at scale destroys system stability. Personal-finance agents making simultaneous optimal decisions could potentially cause a massive flash crash.
Agent acausal coordination, with no messages passed between them, will show up in a lot of places. Markets will get the big headlines, but huge numbers of clever advisors making very similar choices will impact all of human society. Capability gains make this worse, not better. The smarter the agents, the narrower the optimal path; and knowing that other agents see that exact same path lets them move together without talking to each other. Agents do not need to collude to act in unison. Thus, they break no human laws by doing so. Human laws were not written for this. They were not written for a lot of what is coming, and it is about to start happening very fast.
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we haven’t scratched the surface of what NFTs can do.
if we go through another cycle and they’re still what they’ve always been, we’ve failed.
it’s time to reimagine NFTs from first principles.
slowly at first. then all at once.
i’m pretty bullish on NFTs making a real comeback this cycle
art NFTs can have another run, but i’m more interested in how much experimentation happens around the format itself
agents, ownership, new launch mechanics and different ways to connect NFTs with onchain products all open up fresh design space
we’re still early in the broader onchain rotation, so i expect people to get a lot more creative with NFTs from here





















