Empire State of The Market, Polymarket Insider Trading & a16z Raising $2B | Weekly Roundup
Mar 6, 2026
They recap the current market with Bitcoin near $70k and geopolitics shaping flows. They explore 24/7 markets, tokenized assets, and which classes might tokenize first. A deep look at alleged insider trading on prediction markets and the enforcement, KYC, and moral questions around it. They also discuss recent big VC fundraises and what fund size means for deployment.
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Weekend Markets Reveal 24/7 Price Discovery Value
- Weekend trading on 24/7 venues like Hyperliquid and Polymarket exposed demand gaps in traditional markets and highlighted 24/7 price discovery value.
- Hyperliquid saw multi‑billion dollar sessions on geopolitical events but open interest caps and low liquidity limit institutional hedging.
Upgrade Back Office To Enable 24/7 Spot Adoption
- Modernize back‑office and accounting systems before expecting institutional adoption of 24/7 tokenized spot markets.
- Many hedge funds can't plug legacy trade management systems into on‑chain rails, so upgrade trade/ledger integrations first.
Commodities Lead 24/7 Tokenization Adoption
- Tokenized commodities and FX are the most ready for 24/7 trading because hedges exist across global markets and liquidity can follow the sun.
- Equities lag due to accounting, legacy trade systems and inability of prime brokers to accept tokenized collateral today.