Interesting and signals growing institutional adoption.

I’m honored to be speaking at the @ownereconomy  Summit on December 4th in NYC! Register here 👉  https://t.co/MOLcSId3GD #OwnershipEconomySummit #FutureOfOwnership #OE2024 Use the discount code PreD20 for 20% off!

Best short explanation of why MMT doesn’t work…

Sam Altman returns to OpenAI’s board after review finds firing was unwarranted via @FT “There was simply a breakdown of trust between the board and Mr. Altman” = the art of saying nothing. Article sheds no insights on what happened!

"The standards are so opaque and arbitrary that the Commission itself is unwilling to stand by its own analysis" https://t.co/LngO8IQ7PH

JUST IN: Tim Buckley to step down as CEO of $7.2 trillion asset manager Vanguard. Last month, Vanguard banned all #Bitcoin ETFs from their platform.

Did you guys hear about SRBs? I'm into options a lot and never saw that, it's like instead of buying an option you're buying right to make money in exact interval if some terms are met? If you have any other sources about this would appreciate sharing Gonna dive into it deeper

Partially inspired by Arrow Debreu state contingent securities!

Something's got to give.

🔊Exciting developments are happening on DeVol! #Bitcoin option volumes are picking up. 🚂 Bigger liquidity pools 🫧 are coming, giving users the ability to trade SIZE. And #Solana options are launching next. 🚀

A decentralized DeFi protocol @DeVolNetwork w/ regulated centralized governance is one hybrid approach. This is Institutional DeFi, and is a winning paradigm when the finance industry tokenizes real world assets

Decentralization is a spectrum. While true #DeFi may well be unregulatable because there is no one to hold accountable, hybrid approaches can combine the efficiency of DeFi protocols with regulatory safeguards https://t.co/Qfz2vsyXPG

The case for tokenization of capital market instruments like US Treasuries, bank deposits, money market funds and repurchase agreements (repos) is higher in a 5% interest rate environment.

Central banks are one step closer to using AMMs (constant-product) for FX transactions - may usher in large institutions adopting DeFi protocols

What is the volatility risk premium and how do you evaluate it for crypto options? https://t.co/DmFkPQ81Yn

@LynAldenContact The 2nd question: if there is an increase in broad money, does this cause inflation? Depends on what is being “chased”? 1. if consumer goods, you might get inflation as measured by CPI 2. if assets, you might get asset inflation (houses, stock market etc.)

@LynAldenContact 5 - Treasury deficit spending financed though new Treasuries bought by the Fed increases both base money and broad money 6- Treasury deficit spending financed though new Treasuries bought by banks only increases broad money

@LynAldenContact 3. The Fed buying Treasuries from non-banks increases both base money and broad money 4. Treasury deficit spending financed though new Treasuries bought by non-banks does not increase base money or broad money (!)

@LynAldenContact As a follow up, here is my summary: The 1st question: is there an increase in broad money? Base money = reserves Broad money = bank deposits. 1. A bank loan only increases broad money (new bank deposits). 2. The Fed buying Treasuries from banks only increases base money

When is QE inflationary? Feeling enlightened: brilliant must-read explanation from @LynAldenContact Somewhat painful but necessary balance sheet analysis of 1) the Fed, 2) banks, 3) non banks, 4) treasury. Thank you Lyn! https://t.co/GrQ1AOK0vG