Buying of $BTC long positions is starting again.
Whales are starting to move again. https://t.co/o3iU4c06CI
Buying of $BTC long positions is starting again.
Whales are starting to move again. https://t.co/o3iU4c06CI
Equity perps onchain get a lot of criticism right now. Funding is expensive, books are thin, spreads are wide. Most of that is true today.
But I've been reading through Delphi's report on equity perps, and the framing that stuck with me is this: equity perps today look exactly like crypto perps did in 2024.
BTC perps had the same problems back then. Funding was high, books were thin. Then spot BTC launched on Hyperliquid, and suddenly, traders could buy the real thing and short the perp against it. That one trade pulled funding down by half within months. ETH did the same.
Equity perps are stuck at that exact moment. No platform has the actual stock sitting next to the perp, so nobody can run the trade that would fix it.
That's the gap @OndoPerps is stepping into. Ondo already runs the spot side through Ondo Global Markets, with tokenized stocks routed straight from NASDAQ and NYSE. Perps plug right into it, same roof, same stack.
What that actually unlocks:
→ Tokenized stocks as collateral, not just sta
I keep trying to stay consistent, but I'm really pissed off.
@DanCoinInvestor I'm Crypto Dan, and it's not Bitcoin that gave me a reality check, it's the post that did.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.