Bitduke

actually a good short thread on some pieces of quant finance history, definitely food for thought (particularly if you think the next big direction for crypto is moving toward a DeFi+TradFi merge) + also the book recommendation The Man Who Solved the Market by Greg Zuckerman

meanwhile, officials are reportedly angry over Coinbase's unilateral move, and the White House may pull support for the crypto market structure bill if Coinbase doesn't return to negotiations

\* 1.4M LIT tokens quick fix

about $1.4m worth of $LIT has been accumulated in the Lighter buyback account so far, with roughly 20% of that purchased in just the last two days with no buybacks today, yet

there's been a lot of hype lately around a possible invocation of the Insurrection Act, with polymarket pricing it at \~60% but let's look at reality. the last five uses were: 1957 (Eisenhower, little rock desegregation) 1962--63 (Kennedy, desegregation) 1965 (LBJ,

hard to miss, but in case you're still catching up with today's flood of news: $LIT can finally be withdrawn to Ethereum L1 (which is especially great for self-custody enthusiasts)! withdrawals go through secure mode and follow the usual withdrawal delay this also opened the

Lighter still dominates

so what's next

the difference between $145k and \~$250k revenue is material so, Lighter's revenue is actually higher than many expected, interesting

do you hold $LIT?

really good update, thank you. hope it significantly reduces the amount of slop in feed \& comments, especially on CT (kaito already announced the sunsetting of yapps and the launch of some "KaitoStudio," but it's still unclear how they're going to do that without X API access)

another big announcement from the Lighter team! Lighter Infrastructure Token staking is live (web is live, mobile rollout coming a bit later). two features are already available and working, with more coming soon in short, LIT staking now unlocks real utility: - access to LLP

democratizing on-chain hedge funds!

LIT utility is here, Lighter Infrastructure Token staking is now live on Lighter!

crazy volatility on the "US strikes Iran by...?" polymarkets (worth noting the USS Abraham Lincoln still needs about a week to get into position near Iran)

yeah, a potential U.S. strike on Iran is a hot topic right now, and there are signs pointing to it possibly happening this month, maybe even this week. that said, some of the odds on polymarket feel overstretched actions like this require real preparation, especially to reduce

good clarification on the news about crypto legislation delays tldr: Banking committee meeting is still happening tomorrow

DeFi has to win

so with zk-EVMs and improvements in data availability, the original Ethereum sharding vision is effectively coming to life, making decentralized apps faster and cheaper to use. and this is the best time (like right now) to build durable, user-owned tools that don't rely on