The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1RT ACQUISITION CORP. *W EXP 06/26/203 G6757R113 6,363 12,500 SH DFND 1,2,3 12,500 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 21,829,691 227,440 SH DFND 1,2,3 227,440 0 0
ALPHABET INC CAP STK CL A 02079K305 4,467,125 12,500 SH Put DFND 1,2,3 12,500 0 0
AMAZON COM INC COM 023135106 619,684 2,600 SH DFND 1,2,3 2,600 0 0
ARK 21SHARES BITCOIN ETF SHS BEN INT 040919102 75,753,888 3,892,800 SH DFND 1,2,3 3,892,800 0 0
AVALANCHE TREAS CORP SHS CL A 05338N101 602,403 1,203,842 SH DFND 1,2,3 1,203,842 0 0
AVAX ONE TECHNOLOGY LTD COM NEW 05353F207 1,192,028 229,678 SH DFND 1,2,3 229,678 0 0
BAIN CAP GSS INVT CORP ORD CL A G0R78B106 513,500 50,000 SH DFND 1,2,3 50,000 0 0
BULLISH ORD SHS G16910120 14,643,750 625,000 SH DFND 1,2,3 625,000 0 0
CANAAN INC SPONSORED ADS 134748102 3,359,070 11,700,000 SH DFND 1,2,3 11,700,000 0 0
CANTOR EQUITY PARTNERS VI IN CL A ORD SHS G1828R101 1,037,000 100,000 SH DFND 1,2,3 100,000 0 0
COLLECTIVE ACQUISITION CORP ORD SHS CL A G22741105 1,980,000 200,000 SH DFND 1,2,3 200,000 0 0
COLLECTIVE ACQUISITION CORP *W EXP 04/27/203 G22741113 28,000 100,000 SH DFND 1,2,3 100,000 0 0
D. BORAL ARC ACQ I CORP. SHS CL A G2616F101 1,043,000 100,000 SH DFND 1,2,3 100,000 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 2,886,975 78,750 SH DFND 1,2,3 78,750 0 0
DIGITAL ASSET ACQUISITION CO *W EXP 04/01/203 G2868C111 23,023 47,964 SH DFND 1,2,3 47,964 0 0
DOUBLEDOWN INTERACTIVE CO LT ADS 25862B109 1,093,217 95,228 SH DFND 1,2,3 95,228 0 0
DYNAMIX CORP SHS CL A G2949D104 1,510,600 140,000 SH DFND 1,2,3 140,000 0 0
EIGHTCO HOLDINGS INC COM 22890A302 2,638,051 3,793,028 SH DFND 1,2,3 3,793,028 0 0
FORWARD INDUSTRIES INC COM NEW 349932103 34,216,216 8,108,108 SH DFND 1,2,3 8,108,108 0 0
FUTURECREST ACQUISITION CORP CL A ORD SHS G3730U107 3,090,000 300,000 SH DFND 1,2,3 300,000 0 0
FUTURECREST ACQUISITION CORP *W EXP 09/30/203 G3730U115 42,500 50,000 SH DFND 1,2,3 50,000 0 0
HCM III ACQUISITION CORP *W EXP 07/23/203 G4365E111 9,685 14,900 SH DFND 1,2,3 14,900 0 0
HCM III ACQUISITION CORP ORD SHS CL A G4365E103 1,028,000 100,000 SH DFND 1,2,3 100,000 0 0
HCM IV ACQUISITION CORP ORD USD CL A G4365S102 1,003,000 100,000 SH DFND 1,2,3 100,000 0 0
HCM IV ACQUISITION CORP *W EXP 01/20/203 G4365S110 20,250 37,500 SH DFND 1,2,3 37,500 0 0
IDEA ACQUISITION CORP *W EXP 01/06/203 G4727U118 11,333 33,333 SH DFND 1,2,3 33,333 0 0
INFLECTION PT ACQUISIT CORP *W EXP 03/03/203 G4790S115 47,000 25,000 SH DFND 1,2,3 25,000 0 0
INVESCO DB MULTI-SECTOR COMM AGRICULTURE FD 46140H106 998,498 37,439 SH DFND 1,2,3 37,439 0 0
INVESCO GALAXY BITCOIN ETF COM SHS BEN INT 46091J101 42,340,000 725,000 SH DFND 1,2,3 725,000 0 0
INVESCO GALAXY ETHEREUM ETF SHS 46148D107 4,555,900 290,000 SH DFND 1,2,3 290,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 314,442,800 427,000 SH Call DFND 1,2,3 427,000 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 323,130,251 9,706,526 SH DFND 1,2,3 9,706,526 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 104,197,700 3,130,000 SH Call DFND 1,2,3 3,130,000 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 13,316,000 400,000 SH Put DFND 1,2,3 400,000 0 0
ISHARES ETHEREUM TR SHS 46438R105 9,730,657 818,390 SH DFND 1,2,3 818,390 0 0
ISHARES ETHEREUM TR SHS 46438R105 1,189,000 100,000 SH Call DFND 1,2,3 100,000 0 0
ISHARES ETHEREUM TR SHS 46438R105 59,450,000 5,000,000 SH Put DFND 1,2,3 5,000,000 0 0
ISHARES INC MSCI JAPAN ETF 46434G822 2,611,560 28,000 SH DFND 1,2,3 28,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 10,350,000 300,000 SH Call DFND 1,2,3 300,000 0 0
ISHARES INC MSCI CDA ETF 464286509 13,257,200 230,000 SH Put DFND 1,2,3 230,000 0 0
ISHARES SILVER TR ISHARES 46428Q109 3,422,080 64,000 SH Call DFND 1,2,3 64,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 5,185,200 60,000 SH DFND 1,2,3 60,000 0 0
ISHARES TR CORE US AGGBD ET 464287226 7,423,500 75,000 SH DFND 1,2,3 75,000 0 0
JD.COM INC SPON ADS CL A 47215P106 16,052,400 630,000 SH DFND 1,2,3 630,000 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 16,884,300 690,000 SH DFND 1,2,3 690,000 0 0
MARVELL TECHNOLOGY INC COM 573874104 1,191,560 4,000 SH DFND 1,2,3 4,000 0 0
MOUNTAIN LAKE ACQUISIT CORP *W EXP 99/99/999 G6301L117 13,505 50,000 SH DFND 1,2,3 50,000 0 0
MOZAYYX ACQUISITION CORP ORD CL A G63113107 997,000 100,000 SH DFND 1,2,3 100,000 0 0
MOZAYYX ACQUISITION CORP *W EXP 99/99/999 G63113115 52,688 75,000 SH DFND 1,2,3 75,000 0 0
NVIDIA CORPORATION COM 67066G104 870,392 4,350 SH DFND 1,2,3 4,350 0 0
NVIDIA CORPORATION COM 67066G104 10,204,590 51,000 SH Call DFND 1,2,3 51,000 0 0
NVIDIA CORPORATION COM 67066G104 3,001,350 15,000 SH Put DFND 1,2,3 15,000 0 0
PLANET LABS PBC COM CL A 72703X106 496,950 15,000 SH DFND 1,2,3 15,000 0 0
QDRO ACQUISITION CORP *W EXP 03/27/203 G7310E110 14,750 50,000 SH DFND 1,2,3 50,000 0 0
SHARONAI HOLDINGS INC COM CL A 778920306 6,158,846 72,748 SH DFND 1,2,3 72,748 0 0
SHARONAI HOLDINGS INC COM CL A 778920306 1,693,200 20,000 SH Put DFND 1,2,3 20,000 0 0
SHIFT4 PMTS INC CL A 82452J109 432,993 8,902 SH DFND 1,2,3 8,902 0 0
SPACE ASSET ACQUISITION CORP USD CL A ORD SHS G8375S101 351,655 34,476 SH DFND 1,2,3 34,476 0 0
SPACE ASSET ACQUISITION CORP *W EXP 03/31/203 G8375S119 29,700 33,000 SH DFND 1,2,3 33,000 0 0
SPACE EXPLORATION TECHN CORP CLASS A COM STK 84615Q103 1,708,600 10,000 SH Put DFND 1,2,3 10,000 0 0
SPARTACUS ACQUISITION CORP I *W EXP 01/30/203 G8303R118 10,802 20,000 SH DFND 1,2,3 20,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 33,522,580 91,000 SH Call DFND 1,2,3 91,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 1,105,140 3,000 SH Put DFND 1,2,3 3,000 0 0
SSGA ACTIVE TR SST GALAXY HEDGE 78470P648 14,527,658 215,000 SH DFND 1,2,3 215,000 0 0
STABLECOINX INC SHS CL A 85238K100 166,205 60,438 SH DFND 1,2,3 60,438 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 139,272,605 186,500 SH Call DFND 1,2,3 186,500 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 346,575,957 464,100 SH Put DFND 1,2,3 464,100 0 0
STUBHUB HLDGS INC CL A 86384P109 4,269,082 331,708 SH DFND 1,2,3 331,708 0 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676 3,279,450 5,000 SH Put DFND 1,2,3 5,000 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 1,036,781 12,036 SH DFND 1,2,3 12,036 0 0
VISTANCE NETWORKS INC COM 20337X109 1,917,000 150,000 SH DFND 1,2,3 150,000 0 0