Trader. Sharing on-/off-chain data, in the human centipede of infomation chain.
Joined February 2010
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I don't understand why @tradexyz choose to launch a Pre-IPO perp based on per share price, not FDV.
Yes, it is easier to understand for some people. But you introduce a non-negligible chance to fuck everybody up.
What happens if SpaceX decides to do an 1:10 split next month. I don't think Elon Muskc cares about fucking you up if he thinks that's funny.
May 18
.@tradexyz IPOP $SPCX starts at ~$150 with 11.87B shares (~$1.78T valuation).
I’ve never seen these numbers anywhere publicly. TradFi secondary markets imply the same valuation with shares trading closer to ~$740.
Either TradeXYZ made the numbers up… or they’ve got direct IPO connections. DYOR.
Wouldn’t wanna be short $HYPE here.
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One degen move by Saylor, and whoosh BTC heading to 0.
MSTR is not gonna unwind tomorrow, but it is getting eerily close.
Issuing STRC was a mistake. Buying back $1.3B convertible with cash reserve was a mistake. Saylor did those obviously in anticipation of BTC going up and up.
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If I recall correctly, the reccuring weekly "Did MSTR buy BTC" resolve exclusively based on 8-K form released date (does not matter when the buy actually happens).
So everytime when Monday is a holiday and annoucement delayed to Tuesday is a confusing shitshow. Don't think it will be different this time.
Jun 1
Lol a few days ago I was actually considering if that could be a conflict because I knew that the next 8K form would only be available on June 1st.
But iirc the last time this situation happened, it settled in the "logical way", ie YES in this case.
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Accurate.
Jun 1
“But he only sold 32 $BTC ”
It’s not about him selling. It’s about the ONLY bidder, not bidding.
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Easy, you mint ~$3M worth of CC token every day and distribute to protocols and users who "paid" the $2M fee.
May 30
This f**king Canton chain has just $475k TVL.
However, they generate ~ $2 million in revenue each day.
How?
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Reminder that $LIT is not the ticker
May 29
Reminder that if you want pureplay exposure to the perpification trend there is only one leading publicly traded asset to buy
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The reality is HL benefits the most from status quo: licensed KYC'ed platform can't offer perp while HL serve the market with users using VPN or not.
Yes HL is actively embracing/pushing forward the regulatory clarity. But that does not mean HL can benefit from regulatory clarity. It just means Jeff is based and is pro-active.
May 29
Yeah the point was to keep perps illegal in the US forever. That’s what the lobbying team has been pushing for, seeing as that’s Hyperliquids edge 😵💫
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Why the heck is the entire HL community celebrating the worst news for HL seen in a while?
It just legalize HL's competitors to offer the actual perp in US. ANd what is HL gonna do? Build a KYC-compliant frontend?
May 29
[ ZOOMER ]
THE CFTC APPROVES PERPS TO OPERATE AND BE OFFERED TO US USERS: FILING
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Rough estimate: $30–100 million in passive inflows for $PURR from the Russell inclusions (primarily Russell 2000), with the bulk occurring around the June 26, 2026 effective date.
May 28
Excited to see that @HypeStrat is being added to the #russell2000 and #russell3000 indexes.
The newly reconstituted indexes take effect after US market close on June 26.
$PURR @FTSERussell
lseg.com/content/dam/ftse-ru…
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