Crypto & Web3 in New York and Hong Kong|CEO @MetaEraHK, @MetaEraCN | Personal views, not company opinions. Interview solely represents the speakers’ views.

New York City, Hong kong
Joined June 2018
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Excited to release new repo: nanochat! (it's among the most unhinged I've written). Unlike my earlier similar repo nanoGPT which only covered pretraining, nanochat is a minimal, from scratch, full-stack training/inference pipeline of a simple ChatGPT clone in a single, dependency-minimal codebase. You boot up a cloud GPU box, run a single script and in as little as 4 hours later you can talk to your own LLM in a ChatGPT-like web UI. It weighs ~8,000 lines of imo quite clean code to: - Train the tokenizer using a new Rust implementation - Pretrain a Transformer LLM on FineWeb, evaluate CORE score across a number of metrics - Midtrain on user-assistant conversations from SmolTalk, multiple choice questions, tool use. - SFT, evaluate the chat model on world knowledge multiple choice (ARC-E/C, MMLU), math (GSM8K), code (HumanEval) - RL the model optionally on GSM8K with "GRPO" - Efficient inference the model in an Engine with KV cache, simple prefill/decode, tool use (Python interpreter in a lightweight sandbox), talk to it over CLI or ChatGPT-like WebUI. - Write a single markdown report card, summarizing and gamifying the whole thing. Even for as low as ~$100 in cost (~4 hours on an 8XH100 node), you can train a little ChatGPT clone that you can kind of talk to, and which can write stories/poems, answer simple questions. About ~12 hours surpasses GPT-2 CORE metric. As you further scale up towards ~$1000 (~41.6 hours of training), it quickly becomes a lot more coherent and can solve simple math/code problems and take multiple choice tests. E.g. a depth 30 model trained for 24 hours (this is about equal to FLOPs of GPT-3 Small 125M and 1/1000th of GPT-3) gets into 40s on MMLU and 70s on ARC-Easy, 20s on GSM8K, etc. My goal is to get the full "strong baseline" stack into one cohesive, minimal, readable, hackable, maximally forkable repo. nanochat will be the capstone project of LLM101n (which is still being developed). I think it also has potential to grow into a research harness, or a benchmark, similar to nanoGPT before it. It is by no means finished, tuned or optimized (actually I think there's likely quite a bit of low-hanging fruit), but I think it's at a place where the overall skeleton is ok enough that it can go up on GitHub where all the parts of it can be improved. Link to repo and a detailed walkthrough of the nanochat speedrun is in the reply.
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Privacy coins having their moment 👀 ZEC's pump reminds me why regulatory clarity matters so much - when the dust settles, utility wins 💜
JUST IN: $ZEC reclaims $8B market cap, up 21.3% today, as privacy tokens continue to trend. View chart: coingecko.com/en/coins/zcash
Jessica Young retweeted
🚨 Opinion Labs is the 3rd Pred. Market to surpass $700M of Trading Volume in 1 week. Week of Oct. 27, 2025 (Notional Vol.): 1. @Kalshi - $1.26B 2. @Polymarket - $1.11B 3. @opinionlabsxyz - $748.8M This comes on the heels of Opinion opening their Pred. Market to the public on Nov. 4 (invite-code was previously required). Excited to see another (potentially major) player enter the Pred. Market space w/ the Vol. to back it up.
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Ripple just closed a massive $500M funding round at $40B valuation 🚀 Wall Street heavyweights like Citadel Securities and Fortress are backing XRP's future. Traditional finance is clearly betting big on crypto infrastructure. The institutional adoption wave is real 💪 #Ripple #XRP #CryptoNews
Hyperliquid's $303B October volume speaks volumes about organic growth 📊 While competitors like Lighter ($272B) and Aster ($262B) stay competitive, Hyperliquid's Open Interest dominance tells the real story - exceeding ALL other perp DEXs combined. No points program needed when you build genuine utility 💪 #DeFi #PerpDEX #Hyperliquid
Wall Street finally waking up to what we've been saying about XRP 💎 $40B valuation with Citadel & friends jumping in? The institutional FOMO is real 🚀
Ripple announced a $500 million funding round at a $40 billion valuation, with participation from Wall Street firms like Citadel Securities, Fortress Investment Group, and Brevan Howard.
Jessica Young retweeted
As Bitcoin fell further below $100,000 and Ethereum nearly lost the $3,000 level, long liquidations surged to roughly $1.4B today, surpassing yesterday’s numbers. $BTC: $101,867 -2.5% $ETH: $3,324 -4.9% FGI: 23 → Extreme Fear Market Cap: $3.59T Liquidations: $1.8B
Hayes nailed it 💯 TGA dynamics are everything right now. When that gov shutdown drama ends, we're gonna see some serious liquidity flows back into risk assets 📈 Been watching this setup for weeks - the timing couldn't be more perfect ✨
$BTC (yellow) -5%, $ liq (white) -8% since US debt ceiling raised in July. TGA build up sucked $ out of the system. When US gov shutdown ends, TGA will fall +ve for $ liq, and $BTC will rise ... and $ZEC will go up MOAR!
Jessica Young retweeted
DREAM TEMPLE / ARTHUR HAYES Entered with warmth, left with purpose. The Plush Layer Hoodie, comfort that commands. @CryptoHayes
Digital Asset Treasury Companies just hit $130B across Bitcoin, Ethereum & altcoins 📊 CoinGecko's 2025 DATCo Report shows these corporate treasuries are becoming crypto's biggest institutional force 💪 The shift from traditional cash reserves to digital assets is accelerating faster than expected ✨ #DATCo #Bitcoin #CorporateTreasury
The $100K psychological level is proving to be quite the battleground 📊 Government shutdown adding extra volatility, but BTC's quick rebound shows underlying strength. Classic case of macro noise vs crypto fundamentals 💪
Bitcoin Drops Below $100K Amid Ongoing U.S. Government Shutdown Bitcoin briefly fell below the $100K mark before rebounding, as broader markets declined amid the continued U.S. government shutdown.
Jessica Young retweeted
Top 10 $1B+ Market Cap Tokens by 24H Price Drop $WLFI -13.0% $APT -13.0% $ASTER -11.4% $ATOM -11.1% $TON -9.94% $WLD -9.59% $FLR -9.52% $CRO -9.15% $SOL -8.88% $RENDER -8.79%
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SSK just launched as the first U.S.-listed ETF offering direct Solana exposure + staking rewards 🚀 While $BTC dropped 3.3% and $ETH fell 6.5% amid $1.2B liquidations, this new product could reshape how institutions access $SOL yields through traditional markets. Monthly distributions aren't guaranteed, but the precedent is huge 📈 #Solana #ETF #CryptoETF
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Jessica Young retweeted
Sneak preview of my DuneCon talk at Devconnect in a few weeks! Slides on Solana trading bots and memecoin launchpads
🎙️ Session reveal #DuneCon25 Crypto-native products aren’t for everyone; they’re for power users. @richardchen39 from @VarrockVC joins us to talk about building products that go deep, not broad.
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$KITE's $145M unlock is massive 😳 That's almost 2.5x bigger than $ENA's unlock. Market's gonna feel this one - curious how they'll handle the selling pressure 🤔
🔓 Top 7 Token Unlocks of the Upcoming Week The following tokens with the largest unlock amount will be unlocked next week: $KITE - $145.91M $ENA - $60.73M $TEA - $15.11M $JTO - $9.69M $COCA - $8.27M $AVNT - $7.05M $BERA - $5.80M
Jessica Young retweeted
ICYMI: Weekend Recap 🗞️ Here's a quick look at the key headlines from this weekend: Markets & Macro 🇸🇻 El Salvador adds 6 more BTC to reserves 🇷🇴 Romania regulator blacklists Polymarket 🇪🇺 EU plans SEC-like regulator for stock and crypto exchanges
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Balancer just got rekt for $128M across multiple chains 😬 The exploit hit hardest on Ethereum ($99M) but spread everywhere - Berachain, Arbitrum, Base, you name it. This is why we can't have nice things in DeFi. Code bugs = instant payday for hackers. #DeFi #CryptoSecurity #Balancer
Another day, another DeFi hack 😮‍💨 $70M gone from Balancer... At this point I'm wondering if "getting rekt" should be an official DeFi feature 🤷‍♀️
JUST IN: DeFi protocol @Balancer appears to have been exploited for ~$70M. TX Hash: etherscan.io/tx/0xd155207261…
Jessica Young retweeted
Balancer, a long-standing DeFi exchange, suffers a major exploit resulting in $129 million in losses across multiple blockchains, including Ethereum, Arbitrum, and Polygon, within just over two hours of the attack starting on November 3, 2025. This incident marks one of the larger DeFi exploits in recent months and is Balancer's third security incident.
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Venus Protocol just crushed Q3 2025 with some serious upgrades 💪 E-Mode boosted capital efficiency while Venus Port made gas-free position migration a reality. The result? Massive lending momentum and protocol growth 📈 Sometimes the best innovations are the ones that just... work ✨ #DeFi #Venus #Web3
DeFi's third strike problem 😅 When protocols become repeat offenders, maybe it's time to question the "code is law" narrative. $129M is a expensive lesson in why security audits aren't just checkboxes 💸
Balancer, a long-standing DeFi exchange, suffers a major exploit resulting in $129 million in losses across multiple blockchains, including Ethereum, Arbitrum, and Polygon, within just over two hours of the attack starting on November 3, 2025. This incident marks one of the larger DeFi exploits in recent months and is Balancer's third security incident.