Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch. This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets. As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception. Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders. Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period. We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle. Allocations begin today.

We're pleased to announce the launch of the Bitwise Lighter Staking ETP, the world's first exchange-traded product providing exposure to ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2. Lighter: a decentralised perpetual futures exchange built on @ethereum. LIT is its governance and staking token. Thankful to the @Lighter_xyz community, and grateful for the chance to provide mainstream access to LIT. 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘪𝘯𝘵𝘦𝘯𝘥𝘦𝘥 𝘧𝘰𝘳 𝘳𝘦𝘢𝘥𝘦𝘳𝘴 𝘰𝘶𝘵𝘴𝘪𝘥𝘦 𝘵𝘩𝘦 𝘜𝘒 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥𝘯'𝘵 𝘣𝘦 𝘳𝘦𝘭𝘪𝘦𝘥 𝘰𝘯 𝘰𝘳 𝘢𝘤𝘵𝘦𝘥 𝘶𝘱𝘰𝘯 𝘣𝘺 𝘢𝘯𝘺𝘰𝘯𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘒.

Keep your Bitcoin, get liquidity. With fixed-rate loans backed by Bitcoin you can lock in your rate and repayment dates before you borrow. Built by @Morpho Midnight on @Base.

its still so underrated the degree to which our intelligence supercycle was as much reliant on innovations in capital formation as it was innovations in the technology itself. europe is losing not only because they can't built it, but primarily because they can't finance it

Correction: I said Duel is halal, not gambling. Which is true, under the Islamic fiqh definition of qimar. Gambling is absolutely haram under Islamic law. However Duel is the first and only casino in the world to offer zero edge, where the house doesn't have an advantage. Gambling is considered bad due to its destructive tendencies caused by negative expected value in the long run. All four Sunni schools would agree that zero edge gambling, when combined with the entertainment factor, generate a net positive return, making it fall under Islamic investing laws rather than gambling. Duel is extremely halal, you just don't know your own religion. The Prophet accepted entertainment and relaxation as a material benefit (rawwiḥū al-qulūb sāʿatan baʿda sāʿah, روحوا القلوب ساعة بعد ساعة), if you bothered reading your own Quran. The Quran forbade a thing that breeds hatred and takes wealth. A fair, bounded game played for enjoyment does neither, and is explicitly halal if a faithful reading of Mohammed's texts is conducted. I wouldn't expect you to understand or know any of this though, you can keep falsely calling people kaffirs and telling people Allah will burn in hell. Christ is King and your hatred will not overpower his Love.

Live: @DarioAmodei x @Benioff The @AnthropicAI co-founder & CEO joins us at @Dreamforce for a conversation worth hearing ☁️