Opens profile photo
Follow
Ryne Miller
@_Ryne_Miller
Brooklyn. #NoMasks
Brooklyn, NYJoined November 2020

Ryne Miller’s Tweets

Following the Chapter 11 bankruptcy filings - FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage. Process was expedited this evening - to mitigate damage upon observing unauthorized transactions.
458
2,115
Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges - unclear facts as other movements not clear. Will share more info as soon as we have it.
408
2,779
Here is a press release that will shortly be published by the main FTX twitter account. Sharing here in interest of time.
Image
29
234
36 tweet thread by - fundamental reading for all the futures "market structure" nerds out there (we see you). Surprisingly wide gap between stated margin levels at traditional futures exchanges and what is in fact being done intraday / liquidated before close.
Quote Tweet
Ready for a spooky story? 👻🧵 Ghost leverage is a little-known practice where US futures brokers offer US retail investors substantial leverage levels (100x or more) during day and/or night sessions, and auto-liquidate everyone trading on that leverage before market close
Show this thread
16
Important deep dive by on how existing US futures models work - in practice - on an intraday basis. Really surprising leverage levels achievable (assuming a trader is willing to get closed out before market close).
Quote Tweet
Leverage 🧵 There's a belief in some corners that crypto platforms offer the highest leverage around. The real story is that because crypto is so volatile, leverage is carefully controlled. TradFi offers significantly higher leverage (200-750x) in regulated US financial markets
Show this thread
4
18
Baby Fern has arrived - 7 lbs 9 oz - mom and baby doing great. Praise God! Fern was born in Brooklyn and will be raising a pre-seed friends and family round in early Q4. It is currently oversubscribed. Apologies in advance for slow email replies!
Image
75
277
Enjoyed speaking on a crypto policy and regulatory panel at the Regulating Financial Innovation event in NYC today (thanks to Lowenstein Sandler for hosting, and thanks to Chairman Behnam for joining the event and providing a fireside chat).
Image
4
21
Great panel with the Sports Lawyers Association on "The Future of Sports and Media Rights" and "Sports and Web 3.0". w/ Ivan Parron, Ellen Zavian, and Phillip Jones.
Image
Image
4
Enjoyed discussing crypto derivatives - market structure, regulation, and documentation - w/ experts Joyce Xu, Gabe Rosenberg, and Gary Barnett at this years PLI (Practicing Law Institute) "Advanced Swaps & Other Derivatives 2022" Seminar.
Image
1
14
Dinner with the child, in head wrap. (yes my contributions to crypto Twitter are primarily dinner pictures - this is my high performance zone)
Image
4
33
Enjoyed participating in the Market Risk Advisory Committee #MRAC meeting at the today sponsored by - great discussions on market structure, CCP governance, libor transition, climate related market risk, the future of finance.
2
7
Enjoyed discussing crypto regulatory developments with the Wilson Center Digital Assets Forum and an audience from DC, NYC, and places in between. Even the illlustrious made an appearance.
Image
3
34
Very few scenarios in one’s professional life where you should have 17,242 unread emails. But it happens. And it’s ok.
7
32
The Senate Ag committee leadership and members seem like they actually like each other / they get along in real life. Nice to see.
3
25
Packed full college football Saturday with the promise of NFL opening Sunday tomorrow - this is the weekend of weekends. IYKYK
6
25
FTX NYC dinner while Dan the Man takes a picture of Trev for reasons no one understands - really good folks here
Image
9
63