CEO & CIO @DeFianceCapital Asia-based investment firm focusing on liquid assets spanning crypto and equities
Onchain
Joined April 2013
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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.
Arthur retweeted
I appreciate this insight after all related names are down 50%+
*CITRINI OVERHAULS THEMATIC MODEL BOOK, CALLS PEAK IN AI INFRASTRUCTURE CAPEX
*CITRINI SAYS AI INFRASTRUCTURE ASYMMETRIC RISK HAS SHIFTED TO DOWNSIDE
*CITRINI EXPECTS HIGHER COSTS FOR US DATACENTERS AFTER DEMOCRATIC MIDTERM WINS
*CITRINI WARNS MACRO REGIME SHIFTING TOWARD LATE-CYCLE STAGFLATION TILTS
Arthur retweeted
I honestly miss the days when 100% of the X timeline was just crypto. Not depressing news, not violent videos, not divisive politics. Just charts, coins, analysis, and people breaking down the technology. Coins priced in sats, and news outside of the space didn't matter at all.
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.gq/zachxbt/status/2104528…
Arthur retweeted
No single laptop should ever have the ability to access billions of dollars of funds, customer or otherwise
We are not a serious industry
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
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.
Arthur retweeted
I still remember the day Paul Tudor Jones came out and called Bitcoin the fastest horse in the race.
It was May 2020. Bitcoin was at $9k. That moment changed everything for Bitcoin.
PTJ's public call forever eliminated the career risk for hedge funds to buy BTC.
Bitcoin went on to 10x over the next year.
Druck investing in trade xyz is that moment for all of onchain capital markets.
The career risk for all funds to participate in onchain capital markets is now zero. "If druck is doing it, I can too"
I wouldn't be surprised to see onchain market volume 10x from here.
Welcome to the next stage of the bull market.
