Brian is about 2 months behind. He’ll follow up in 3 months that he’s consolidated them down due to redundancy and tons of looping agents that don’t actually produce high quality work and/or are inconsistent in output quality

Anyone who has created commercial tooling with AI knows that agentic tooling networks outside coding applications have little definable productivity benefit. The greatest minds focus on pushing the edge, not productivity. I would almost argue all AI productivity outside coding is spent on AI QC and spending money on useless vibe coded side projects

Ex-Goldman oil derivatives trader Simran Singh (@0xturbanurban) on the March 2021 oil flash crash: "We even saw this at GS where a lot of folks had correlated positions on." "March of 2021, oil had a flash crash, and people lost millions of dollars on that single day." "My team had probably one of the smallest losses, but it was still a few million dollars, primarily because everyone had on the same risk."

Ex-Goldman Head of Nat Gas Trading John Knorring on the one equation behind every commodity trade, why the US has the cheapest gas in the world, & buying silver in the low $30s, riding it to $120, then watching it drop to $65 in a day. John Knorring (Former Head of Natural Gas Trading at Goldman Sachs | Commodities trader at DRW | Founder of Green Tiger Markets) "If you can leave Wall Street with your name intact and your house paid for, you're ahead of 90% of the people who go there." We cover: - Supply minus demand equals change in inventory, and why price does all the balancing when storage is full or empty - Why crude at -$40 in 2020 made perfect sense - "Gas Vegas": why US nat gas is so volatile (prices nearly doubled in a week this January) - The real reason US gas is the cheapest in the world: the Henry Hub contract - How Aubrey McClendon and the shale revolution flipped US power from coal to gas - The Goldman framework for trading: idea, expression, execution, money management - The silver trade, and the hardest question in trading: what do you do when it's working? - Why physical gas traders will outlast derivatives traders in the age of automation Highlights: 00:00 Intro 02:00 From CBOT intern to Goldman's nat gas desk 05:10 Supply minus demand equals change in inventory 08:19 Energy as the fundamental cost: burn it or store it 12:00 Storability spectrum: coal, oil, gas, and power 14:30 Why nat gas is so volatile: inelastic demand, weather, storage 17:20 Henry Hub: why US gas trades below global prices 20:40 Basis risk when regional hubs decouple from Henry Hub 22:10 Gas Vegas: inventory regimes and 20 years of price spikes 27:20 High prices build supply: horizontal drilling and the shale revolution 29:50 Low prices build demand: power burn, LNG exports, data centers 34:20 The trading framework: idea, expression, execution, money management 38:00 Silver from Bunker Hunt to the $50 psychological ceiling 40:30 The silver trade: structural deficit, cheap calls, missed exit 46:00 Position sizing lessons, the duck curve, and the LNG export wave 49:00 Why physical gas trading outlasts automated derivatives desks 51:10 Name intact, house paid for: career advice for Wall Street

Tracking the Mercado Bitcoin hacker here, $46M stolen and growing. Lots of old deposit addresses are being swept by the hacker currently, while they sell off memecoins and altcoins.

Almost like I reached out @StaniKulechov to them to prevent this exact situation. @arkham is the fastest to track and alert all entities, all they would have to do is hook their api into their backend and they’d be able to limit deposits from the entity into their pool.

Ex-Goldman Oil Derivatives Trader Simran Singh (@0xturbanurban) on the day oil went to -$37.63, why every trading strategy is momentum or mean reversion, & losing $3.12M in a single day. Simran Singh (Goldman Sachs oil derivatives trader, on the desk when WTI went negative | GSR Head of DeFi Trading | Now CEO & co-founder of @MonacoTrading) "You can't touch an interest rate curve, but you can smell a barrel of oil." We cover: - Pricing oil options at 300-400% vol the day WTI went negative - How Goldman's oil desk monetizes client flow (80-85% was producers hedging) - How producer hedges turned a market-risk problem into a credit problem in 2020 - Why market making is really a bet on mean reversion - The perp funding trade: anyone can do it, very few can do it in size (15% carry even on the CME) - "My size your price, or your size my price" - Who's printing money right now: OTC hedging in power, compute & AI - Why there's no venue to trade electricity, and how Monaco wants to fix that Highlights: 00:00 Intro 00:58 The day oil went negative: April 2020 06:07 How Goldman oil traders monetize client flow 18:30 Every strategy is momentum or mean reversion 22:53 Goldman to GSR 28:26 The perp funding trade 34:48 Sell-side to buy-side 42:27 The AI complex & agentic trading 48:21 The Monaco Exchange thesis 53:13 Decentralizing futures listings