@FinanceYF5: 1/ The next global exchange, not in New York, but in Silicon Valley. Nasdaq replaced its trading floor, but it still serves humans. The AI era changes the protagonist—traders go from humans to machines. Once the protagonist changes, the exchange must be 24/7, API-first, and sub-second settlement. Old species cannot evolve these; only new species can emerge.
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The tweet predicts that AI-era exchanges will shift to 24/7 operation, API-first design, and sub-second settlement, arguing that the next global exchange will emerge in Silicon Valley, not New York.
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Cached at: 06/29/26, 06:31 AM
1/ 🧭 The next global exchange isn’t in New York — it’s in Silicon Valley
Nasdaq ditched the trading floor, but it still serves humans. The AI era swaps out the protagonist — traders evolve from humans to machines.
Once the protagonist changes, the exchange must go 7×24, API-first, and settle in seconds. Old species can’t evolve these traits; only new species can grow them. 👇 https://t.co/6PZTfAxwcL
2/ Crypto exchanges are already eating Nasdaq’s lunch
Coinbase made it into the S&P 500, letting you trade US stocks and crypto from one account. Kraken has tokenized 100 US stocks on-chain, with cumulative volume exceeding $25 billion.
Hyperliquid — an 11-person team — built a derivatives exchange doing $1.57 trillion in annual volume. The word “crypto” is the invisibility cloak that keeps Wall Street from seeing the threat.
3/ Regulators are paving the road — green lights are lined up
In 2025 the GENIUS Act was signed, giving stablecoins a federal ID. The new SEC chair is pushing Project Crypto, explicitly aiming to amend Reg NMS to accommodate tokenized securities.
Two years ago people asked, “Will regulation kill it?” Today the SEC and CFTC are working together — the referees are rewriting the rules for the new players.
4/ Wall Street’s inefficiencies are load-bearing walls — can’t tear them down
6.5-hour trading (humans need sleep), T+1 settlement (humans can wait), country-by-country licenses (humans live in countries) — clearing, custody, brokers are all built on this design.
You want to switch to 7×24, instant settlement? That’s like pulling out a load-bearing wall — the building collapses. No one demolishes the house they live in.
5/ Hyperliquid: 11 people wrote a trillion-dollar exchange
Zero VC, ~1.57 trillion annual trading volume, ~102.4 million revenue per employee — #1 globally. Apple (2.4M) and Nvidia (3.6M) are miles behind.
Founder Jeff Yan: Physics Olympiad gold medalist, Harvard, ex-top quant. The brains Wall Street used to fight over with huge paychecks — now 11 of them built a new exchange.
6/ The biggest future traders are AI agents
The x402 protocol already hosts ~69,000 active AI agents, handling over 165 million transactions (launched by Coinbase, followed by Stripe, Google, AWS).
Agents can’t open bank accounts, swipe credit cards, or wait for T+1. They can only settle instantly with stablecoins — Wall Street’s human plumbing is useless to machines.
7/ New species are born only in native environments
An AI-native exchange needs four things simultaneously: cutting-edge AI, programmable money, the fanciest assets, and the most aggressive capital.
There’s only one place within thirty miles on Earth that has all four — the San Francisco Bay Area. The engine has switched to AI, and AI’s home is here.
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https://x.com/FinanceYF5/status/2069709100011921422…
That’s all.
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