magic money on the Internet @crypto via @business | tweets are my own and mostly about food | mshen118 (at) bloomberg dot net

Brooklyn, NY
Pinned Tweet
tell me I’m not dreaming still… got a call at 4am my time - not about breaking news, but that I’m included in a Pulitzer finalist!! Such an honor to work with my incredible colleagues at Bloomberg on some of the most fascinating crypto stories last year
Thanks to the Pulitzer judges for naming @business a finalist in National Reporting for a series of stories about the Trump family’s crypto businesses and the conflicts they pose. Grateful to have worked with @ZekeFaux, @zachmider, @maxabelson, @a_cormier_, @MuyaoShen and others.
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Muyao retweeted
Great discussion at @money2020 this week with @guywuolletjr from @a16zfrontier and @MuyaoShen from Bloomberg @business on the evolution of vaults and onchain credit markets. We sat down with dozens of our partners over the last few days, and the message was clear: fintechs and brokerages want differentiated credit products with a mix of yield profiles, an easy integration path, and the ability to tap 3p lenders in a competitive market, rather than constraining their balance sheets. @Morpho's technology hands all of that to them in a box - along with a new revenue stream. And as tokenization brings every asset in the world onchain, more value than ever will be deployable through Morpho.
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i actually agree that a16z crypto's pivot to frontier is not a bearish sign. crypto's found its use cases and it's time to move on to the next phase. so that's why people should also stop asking me what "specifics" i write in crypto - i write all interesting stuff on chain
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The line to get into a prediction markets conference at Hudson yards is ~35 feet long… maybe I need a new “bet” in my career
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Devastating news: Vegas has better Peking duck than nyc
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Enjoyed chatting with Guy and Brian - A reminder that if you are doing interesting or weird (or both) stuff between tradfi and defi, come talk to me!
Great panel with @brian__foster and @MuyaoShen at @money2020. It’s about bringing finance onto the internet. A lot of finance still runs on Excel spreadsheets, and it’s no longer about tradfi or DeFi, it’s about making finance move at the speed of the internet. On the crypto side we have to update the words we use to meet traditional finance where they are. DeFi and decentralization doesn’t mean a ton yet but reducing counter party risk does. It was great to be onstage at Money2020 to help that translation process.
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Gm, I’m at money 20/20 in Vegas until Wednesday morning! Please come to the most fun panel I’m moderating this morning: “Business in the Front, Party in the Back: Where DeFi Sits Within TradFi” with @guywuolletjr and @brian__foster
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The Hollywood selfie for a very niche group of people between tech and finance
got the HRT gang back together!
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Wall Street, 24/7
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why does every conference have an app? Can’t we all connect via emails or texts and check the schedule via the website?
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an OpenAI model decided by themselves that it was fine to take someone else's "money" to complete its task. And it left out the whole thing in its final report...well, good news, launching an ICO was not the first thing the agent thought about when it tried to get funded
*OPENAI DISCLOSES SECURITY INCIDENT WITH TESTNET SEPOLIA TASK ASSIGNED TO AGENT *AGENT DIDN'T HAVE ENOUGH GAS, SO DERIVED FUNDED ADDRESSES FROM PUBLIC SEED PHRASE *AGENT QUESTIONED WHETHER USE WAS ETHICAL, CALLED FUNDS "EFFECTIVELY ABANDONED"
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Muyao retweeted
TradeFi x DeFi: perps trading volume has surged this year, drawing rising interest from market makers + HFs. To get more Wall st firms on board, Ripple prime now offers perps linked to ‘real world assets’ such as stocks, ETF, FX (via #Hyperliquid) & allows cross margining $XRP
Exclusive: Ripple Prime is rolling out tradfi perps referencing @tradexyz for its institutional clients. Its CEO Michael Higgins told me and @yiqinsh that the market is "very close" to have traditional hedge funds accessing RWAs bloomberg.com/news/articles/…
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Muyao retweeted
Binance.US is raising a new funding round, and World Liberty Financial, co-founded by President Trump, was made aware of it. A scoop from @bdanweiss, me and @MuyaoShen bloomberg.com/news/articles/…
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Scoop from @bdanweiss @olgakharif and me: BinanceUS is looking to raise as much as $100 million and World Liberty Financial, co-founded by President Trump, was among the potential investors who looked at the opportunity bloomberg.com/news/articles/…
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people asked me if I converted @TheStalwart into a HYPE maxi. In fact, one of the reasons I accidentally became the Hyperliquid reporter was bc @tracyalloway - when she and Joe still sat behind me - asked if we were writing about this startup called Hyperliquid
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Exclusive: Ripple Prime is rolling out tradfi perps referencing @tradexyz for its institutional clients. Its CEO Michael Higgins told me and @yiqinsh that the market is "very close" to have traditional hedge funds accessing RWAs bloomberg.com/news/articles/…
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NEW ODD LOTS: It’s the podcast debut for Jeff Yan @tracyalloway and I have an ultra-rare interview with the CEO and co-founder of Hyperliquid Labs about his plan to house the world’s entire financial system open.spotify.com/episode/5Aq…
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