global head of bd @movement_xyz | prev @immutable | apac
Joined May 2015
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- Following2.7K
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Jo retweeted
Today's move once again strengthened my view that we are in the midst of a regime shift. It is quite clear that we are already on the train with the destination not being so clear.
A couple of observations and thoughts from my end:
- Buying of long end Treasuries by the govt signals that they are indeed uncomfortable with where rates are at (e.g. 5.3% 30Y). So they are paying attention but the announced amounts (~$4bn) is really a nothing burger. The big question is "can they really cap the rising 30Y" and "what would happen if they can". Its a question of the determination and consequence by the US Treasury and further out the Fed.
- If the US30Y can indeed stay controlled then it will be a carnival for Gold, Bitcoin, long duration equities etc. If not, then we are due for a reckoning.
- Gold, Bitcoin, commods etc and all other unproductive commodities rallied HARD. Not surprising given the light positioning in some of these. I bought some GLD Bull Spreads previously because of this and I do think there's some continuation in the moves here because there's truly no other place in the market right now to hedge the credibility of the Fed.
- SPX up, RSY up more and AI down (SMH, SOXX, etc). Also interesting is how IGV is up while AI stayed down. This is despite the fact that certain subsectors in AI have more backend loaded cashflows (e.g. $SPCX and neoclouds). This is the one that stands out the most for me. I thought some of the AI or tech names with further out cash flows would benefit from the lower 30Y but the effect was rather muted. I like and dont lime what I see here given I have a 10% (closer to 15% now) long in $ADBE but also have a 10% tactical long will Bull Spreads in $SPCX. Remains to be seen over the next few days but the market could truly be rolling off the peak on these given the headlines in AI (slowing 2nd derivative growth in Anthropic ARR and OpenAI shift away from Frontier Training). Not saying that all of these sell off hard but stock and subsector selection will be even more important from here.
Trades:
- Looking to buy Bull Spreads in Gold, Bitcoin, etc. Will pick my horse depending on how IVs look.
- Carefully watching price action on the AI complex. I am already short $NVDA spot, have 5-10 delta long dated puts and have a bunch of other hedges but I might add more.
Gold's breakout is one to keep an eye on. Potential regime change especially having been lackluster for a while. There has been lots of back and forth re oil, long end yields, etc. Then finally the USDJPY intervention and gold's subsequent move.
I'm not a 100% convinced but I think there's an offchance this is the start of a bigger and more sustained macro move so I longed a starter amount and have some short duration CS.
Jo retweeted
Movement, El Vecino, and @RISEFin2026 are bringing stablecoin settlement to US-to-South America remittances.
The model swaps correspondent banking for licensed rails across the US, Canada, and Europe, with no pre-funded float. It starts with 20,000 El Vecino customers and scales toward 800,000.
movementnetwork.xyz/article/…
Jo retweeted
Send $100 across borders today, and only $94 is received, days later in most corridors.
More than 6% of hard earned money evaporates. 6% of someone labor under the scorching sun, or under the fluorescent lights of an office building.
We'll never reach a perfect $100 in, $100 out world. But we can cut the distance in half, then another half after that.
Infinite halves.
movementnetwork.xyz/article/…
Just landed in Kuala Lumpur for @MalaysiaBCW and side events this week!
July 29 - Likely spending the entire day on the floor at the @MalaysiaBCW conference site. Come say hi please!
July 30 - I’ll be back at @MalaysiaBCW at the main conference.
Panel at 11:00am - From Signup to First Use: Why Most People Still Drop Off with @Offchain and @base.
Would love to connect with folks to share what we're building and where we see payments heading. Cheers!
Heading to Kuala Lumpur 🇲🇾 for @MalaysiaBCW July 28 to 31.
On July 30 at 11:00 AM, I am joining @Offchain and @base on stage to discuss funnel mechanics, user retention, and why users drop off between signup and first use.
DM to connect on site😄
Jo retweeted
Since Movement seems to have your attention, here’s some of the progress we have made over the last few months:
✅ Secured licensed payment rails to move Money from the US, Europe, and Canada
✅ @HesabPay_ chose to build their Neobank for the global south exclusively on Movement
✅ @near_intents integration live, bringing liquidity across different chains to users
✅ @dfnsHQ integration live, bringing a full stack core banking digital asset platform to our partners
✅ USDCx @circle integrations live on @MEXC , @kucoincom and @BitMartExchange
✅ Movement joined the Circle Alliance Program
✅ @zothdotio integrating to bring yield infrastructure via zVaults and Global Cross Border payments via zPayments
✅ @meshpay integration live to allow seamless flow of stables and other assets from CEX to wallet
✅ Investment announcement in @sortedwallet and @stableyardfi
✅ Launched our own native wallet @motion_wallet
✅ $MOVE token listed on @fasset exchange
✅ Acquisition of @canopyxyz to bring yield infrastructure to Movement users
We are building the rails that bring digital assets in reach of fintechs and banks in emerging markets, and the users they serve.
More news to follow, just make sure you get your news directly from the source.
Gmove.
Hesab selected Movement as its exclusive stablecoin settlement layer for cross-border flows.
$160M in monthly volume. 1 million+ transactions per month. The corridors they serve run on informal cash networks with 2-5 day settlement and capital sitting idle in pre-funded float.
Movement provides access to licensed rails across the US, Canada, and the EU. Same remittance, cleared in real-time.
I am in Tokyo for WebX through July 15!
Our focus is building cross-border stablecoin settlement and institutional payment rails.
To the fintechs and neobanks building: reach out if you are working on financial infrastructure. Let’s discuss building at the intersection of these emerging layers.
Jo retweeted
As a VC, Fable is better than me at VC work.
It breaks down white papers better than I do. It's better at financial analysis. It chews through mountains of diligence in minutes. There is no single well-scoped intellectual task where I beat a frontier AI. I catch its mistakes sometimes, but it catches mine more often.
If my job is "VC work," then Fable is better than me at my job.
But Fable alone would be a mediocre investor.
It would quickly pass on all the bunk, sure. But among the set of doable deals, it can't find the one with the je ne sais quoi. It doesn't have the bias toward special people, wild ideas, or risk-taking. Its tweets and thinkpieces are OK, but they're too safe, too obvious. I can prompt it in the right direction, but even then it's not quite right. It's too suggestible. It changes its mind too easily. It's not stubborn, self-assured, irrationally confident about how the future will play out, the way great investors are.
But me + Fable is really good. Better than either of us alone. In fact every investor on our team has leveled up with AI in the same way. We all feel we have more to do now, not less. We feel more capable, not less.
My theory is that AI disempowers service providers and empowers owners. If you sell your labor by the task, AI is genuinely terrifying. It can accomplish that task cheaper, faster, with more control and less bullshit. But if you own the outcome, if you're using AI to do something for you, then AI is amazing. It's empowering, not disempowering. Make your own logo, design your own website, write your own copy, build your own systems.
It also means is that you should aim to reorganize yourself in the food chain. If you don't, AI will do it for you. Don't be a service provider, be an owner. If you're building something, you are a beneficiary of AI, all of the incredible gains that AI is enabling will accrue to you too.
But if you're a tax on people building things, just know that the tax rate on building is rapidly going to 0.
It’s over. I’m quitting design.
A client of mine just created a logo with Fable 5, and the result left me speechless.
It understood the brand story, values, audience, strategy, and turned all of it into a smart, minimal symbol. A genuinely brilliant concept. The kind of idea that captures everything at once. Something I honestly don’t think I would have come up with myself.
And it didn’t just nail the idea. It executed the design pixel-perfectly.
So I raise the white flag.
My skepticism about AI’s ability to do great design is officially gone.
There, I said it:
AI beat me at design.
Now that AI finally took my job, I can peacefully quit and dedicate my life to studying the only thing it may never achieve: human consciousness and the pathways to God.
Good luck everyone.
Jo retweeted
Hesab selected Movement as its exclusive stablecoin settlement layer for cross-border flows.
$160M in monthly volume. 1 million+ transactions per month. The corridors they serve run on informal cash networks with 2-5 day settlement and capital sitting idle in pre-funded float.
Movement provides access to licensed rails across the US, Canada, and the EU. Same remittance, cleared in real-time.
Jo retweeted
As engineering, product, design, DS, etc. melt into a new kind of role, I was reflecting on what roles might look like in the future. For example, when I look at the Claude Code team I see what I think is five archetypes:
1. Prototyper: comes up with brand new ideas; churns out many ideas, most of which don't ship
2. Builder: quickly turns a prototype/idea into production-grade product/infra
3. Sweeper: cleans up the UI, simplifies the code and system, unships, optimizes performance
4. Grower: takes a product that has been built and iterates on it to improve Product-Market Fit
5. Maintainer: owns a mature system to make it secure, reliable, fast, and efficient as it scales
Many people span across 2 roles, and sometimes 3 roles. I also notice that these roles are not really tied to job function -- eg. across Anthropic, some designers match category 1, some 2, some 3; same for engineers, PM, DS.
A healthy team needs a mix of these, depending on the product:
- A product that is new and pre-PMF needs people that are strong at 1+2+3
- A product that is growing and has found PMF needs 2+3+4 and some 5
- A product that has strong PMF needs 3+4+5 and some 2
Maybe product roles of the future will look more like this, and less like the domain-specific roles of today?
Jo retweeted
JUST IN: @movement_xyz is now live on NEAR Intents
Swap MOVE and USDCx from 100+ native assets across 30+ chains in a single click at near.com
No wallet hopping. No bridges.
No juggling gas across multiple chains.
Just one-click, Intents-based execution.
Jo retweeted
Movement is live on NEAR Intents.
things MOVE fast around here 😉
near.com
MOVE ↔ 100+ assets (across 30+ chains)
all in a single click.
Jo retweeted
Circle Alliance Program member @movement_xyz is building the infrastructure layer for global dollar access.
Their Move-powered blockchain ecosystem is designed for low-cost payments, remittances, and financial access.
With USDCx fully backed by USDC, Movement supports onchain settlement that can help modernize cross-border finance.
circle.com/alliance-program
Jo retweeted
Zoth is now our native RWA yield layer.
Any fintech, neobank, or payment provider building on Movement can now offer their users institutional-grade yield on stablecoin holdings.
More to come with the Zoth (@zothdotio) team.
Jo retweeted
Happy to be part of Movement’s journey 💙
At Sorted, we believe better payments create greater financial access. And we are excited to be building alongside partners who share our vision of making financial services more accessible, efficient, and impactful globally 🌍⚡
Movement’s next chapter begins with using the infrastructure we’ve built to deploy cross-border payment products, yield offerings, and dollar-denominated savings accounts to the Global South and beyond.
Movement is where money lives.
movementnetwork.xyz/article/…
