We put out a piece a week or so ago basically saying the same thing. That said kalshi could still win in this topsy turvy world and prediction markets are on fire 🔥 so hot. 🥵

I was honored to give the keynote at the @PhiladelphiaFed’s Ninth Annual Fintech Conference this morning. My remarks outlined the next steps in the @SECgov’s Project Crypto and what to expect in the coming months.

⚠️CAUTION: SHOCKING CONTENT The cover-up is always worse than the crime... and this crime is pure evil. This 2-minute clip comes from the verbatim film 'The Grooming Gangs Cover-Up,' which details the heinous acts done to children uncovered at trial. @elonmusk @DominicFrisby

Interesting. Tim McCourt- @CMEGroup relationship with @FanDuel is a way to onboard sports betting customers into the financial markets via lots of education. Hadn’t thought of it that way.

Our fantastic retail panel. How retail is reshaping the future of finance. ⁦@RobinHoodNYC⁩ ⁦@Cboe⁩ ⁦⁦@citsecurities⁩ ⁦@CMEGroup⁩

So cool. Chris from DRW talking about capital efficiency regarding weekend US Treasury tokenized repo. And not having to pledge questionable amounts of capital on Friday for who knows what that happens over the weekend.

Your Life can be TRANSFORMED! The picture of a caterpillar's transformation into a butterfly is actually exactly what can happen in your life when you begin to let the Word of God renew your mind and transform your life.

Panel 2. New finance: blockchain and Tradfi. Paul Gulberg leads panel with ⁦@coinbase⁩ ⁦@The_DTCC⁩ and ⁦@DRWTrading⁩

The Commissioner is such a breath of fresh air. Agree or disagree, she is honestly answering Katherine’s questions. Unlike Chairman Gensler who almost avoided every single question, outside of saying he knew better than the industry

Standing room only for ⁦@SECGov⁩ Commissioner ⁦@HesterPeirce⁩ interview with ⁦@markets⁩ ⁦@KatLeighDoherty⁩

50 yr mortgage - back of the envelope calcs. For a $500k mortgage, you add 20 years to the payout. But monthly payout only goes down $318 (10%) but total payments go up 51% and total interest paid goes up 87%.

One of our creators has early access to Visual Scripting and put this together in 2 minutes with no code 🏝️ It may not seem like much at first... but actually, when you think about the endless possibilities even a single switch can have... Script ANYTHING with NO CODE.

BTW - that is $1,237 million for the quarter - ie $1.2 Billion. Lots of retail trading this past quarter

Equity/Options Payment for Order Flow hits record, more than double from 4Q23 to $1,237 and 3x from 1Q20 2/3rds is Options, 1/3 equities. For those with a @markets terminal, here are links to the research. https://t.co/8hyEWmSOUk https://t.co/siYN9wp8b2

One week away. Join us in NYC. All invited.

Congratulations to @MikeSeligEsq on your nomination to be CFTC Chairman. Having had the opportunity to work with you on the Crypto Task Force, I know the CFTC will be in good hands:

Yes starting Monday (or Tuesday but think Monday), new round lots kick in, so <$250=100 shares, 250-1k = 40, 1k-10k = 10, and over $10k = 1share is a new round lot. That needs to be protected, but it won't be part of the NBBO - so it won't change E/Q, but will need to be hit.

Surely all three lawmakers wouldn’t be buying high and selling low unless they knew something…? (Notably, the stock price for Accenture still hasn’t recovered.) With Subversive ETFs, you’ll have access to the privileged information, too.

Brian Meehan, our FI market structure analyst leads panel 2 on a FI protocol discussion and how FI algos are changing institutional FI trading.

Nice turnout for our inaugural FI market structure event. Ira Jersey did a great job moderating the first panel on rates trading.

New piece on @Kalshi @Polymarket & @CFTC Kalshi’s Surge Is 88% Sports Betting, Pitting CFTC vs. States https://t.co/WLKEzlOIe2

Such a shame. Such a fantastic musician Jack DeJohnette, Revered Jazz Drummer, Dies at 83 https://t.co/rFOAXmcItS via @NYTimes

🟡 SCOOP: Users of payments app Zelle will soon be able to send money overseas, as the consortium of US banks behind the service expands internationally using stablecoins. https://t.co/foDS6hNFBx

Be super careful when trading levered ETFs Buy/hold = bad outcomes. These are 1 day trades (buy in am/sell at close). That way you get 2x the daily move. Otherwise once you start compounding, losses outstrip gains & stock can be up while 2x is down. https://t.co/HV3QEkMxHD