Joined April 2020
- Tweets 1,010
- Following 157
- Followers 4,648
- Likes 1,407
603 Photos and videos
Pinned Tweet
Jun 12
NEW EP: It's SpaceX IPO day. $1.77T valuation, $75B raised, $100B in retail orders. @dcanellis walks through the trade and what the pre-IPO market already told us.
We cover:
🔹 SpaceX's $1.77T IPO day
🔹 Nakamoto sells BTC, BitMine stacks ETH
🔹 Prediction markets during the NBA Finals
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The treasury split that matters this cycle.
"What I find interesting is that Nakamoto and also Strategy are selling Bitcoin, while BitMine, Tom Lee's Ether treasury company, is still accumulating." @dcanellis
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Jun 12
The SpaceX IPO is on another scale.
"SpaceX is on track to make $75 billion from the IPO, which is genuinely huge. Saudi Aramco raised $29.4 billion."
@dcanellis
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Jun 12
NEW EP: It's SpaceX IPO day. $1.77T valuation, $75B raised, $100B in retail orders. @dcanellis walks through the trade and what the pre-IPO market already told us.
We cover:
🔹 SpaceX's $1.77T IPO day
🔹 Nakamoto sells BTC, BitMine stacks ETH
🔹 Prediction markets during the NBA Finals
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Jun 12
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Jun 11
Why the SpaceX IPO won't really test crypto rails.
"I don't believe that the SpaceX IPO is actually going to give a real reflection of what the investor interest could be for future IPOs — because SpaceX is really pushing to give retail investors a much bigger chunk of the total float."
@dcanellis
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Jun 10
The biggest fund has the biggest pain.
"BlackRock's ETHA ETF is very deeply in the red. The current shareholders are close to 60% down on its net flows — which is rather brutal."
@dcanellis
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Jun 10
NEW EP: BlackRock's Bitcoin ETF is about $13 billion underwater. Every ETH ETF is in the red. @dcanellis walks through the chart nobody is showing you.
We cover:
🔹 The ETF P&L chart, fund by fund
🔹 DAS Asia DAS London preview
🔹 SpaceX pre-IPO live on Hyperliquid
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Jun 10
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Jun 9
Crypto will still be crypto, no matter how grown up it gets.
"Crypto is still going to be crypto at the end of the day. We love hype narratives, we love froth, we love indiscriminate pumping of coins." @dcanellis
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Jun 8
Why the messy stuff matters.
"This might remind the internet of what really is so exciting about crypto. That is the immediacy of it."
@dcanellis
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Jun 8
Why Pump.fun keeps mattering even when crypto wants to feel grown-up.
"Pump.fun has a knack for really identifying the true pulse of retail interest in crypto. I don't think there is another app or platform in crypto that does it as successfully." @dcanellis
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Jun 8
NEW EP: Pump.fun lets you earn crypto for doing almost anything. @dcanellis walks through why it might matter.
We cover:
🔹 Pump.fun's new bounty platform
🔹 The coins quietly pumping through the bear
🔹 The stablecoin chart pointing to more pain ahead
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Jun 8
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Jun 6
Polymarket markets carry risk, but the worst kind is the risk that comes from Polymarket itself.
"When the risk is coming from inside the building, I'm not too sure how we're meant to get through all of this." @dcanellis
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Jun 5
12 days of red, then BlackRock saved it.
"12 straight trading days of outflows — which has to be a new record. About $4.5 billion ripped from Bitcoin ETFs. But we have broken the streak. On June 4th, $3.2 million positive net flows."
@dcanellis
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Jun 5
Strategy Sold Bitcoin, Polymarket Says It Didn't.
"As we get closer towards the end of the month and as the sale is actually disclosed, you can see that the market really started to buy the 'yes' votes — because they could see that Strategy had sold Bitcoin. But for whatever reason, the UMA oracles have decided that no, it does not count." @dcanellis
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Jun 5
NEW EP: A Zcash bug could have minted unlimited counterfeit ZEC… and it sat hidden for 4 years. @dcanellis walks through the fallout.
We cover:
🔹 The Zcash bug and 47% crash
🔹 Polymarket's bizarre Strategy ruling
🔹 The end of the BTC ETF outflow streak
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Jun 5
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Jun 4
The biggest problem with quantum isn't "Q-Day." It's a lack of clear messaging about how crypto will deal with it.
"What matters is how regular people interpret that news. They will just read headlines." @dcanellis
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Jun 3
The long-haul holder thesis is intact.
"We have many, many, many Bitcoin ETF holders that are interested in retaining their positions as the Bitcoin price consolidates." @dcanellis
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