30% a year for 30 years. No losing year.
That’s Stan Druckenmiller, and he’s just backed 24/7 perpetual futures coming to the US through trade(xyz) and ICE.
> Nasdaq has filed for 23-hour weekday trading
> CFTC is working to onshore Hyperliquid
24/7 perps come first. Will weekend stock trading come next?
Confirmed by CoinDesk. Stan is among a small group of backers, and ICE is investing too.
The US venue will be called ICE[XYZ], with perps on equities, indices, commodities, FX and crypto.
It still needs CFTC approval, and there’s no launch date yet.
coindesk.com/markets/2026/10…
![NYSE owner teams with Trade[XYZ] to bring Hyperliquid-based perpetual futures to U.S.](https://pbs.twimg.com/card_img/2115764217735254016/ON9qkIQS?format=jpg&name=800x419)
$IREN director Mike Alfred has joined $OPEN's board.
He sits on IREN's audit and compensation committees.
Hopefully this signals the potential for Mike to move on from IREN to a new venture.
IREN Europe launched with a new board.
As IREN moves from bitcoin miner to AI cloud, I'd like to see the parent board evolve too. I don't think the current board matches the scale or direction IREN is heading.
Should IREN refresh its board for the AI era?
Oli retweeted
Sunday, Elon: debt markets have "almost entirely shut off" for neoclouds.
Today: $IREN closes a $363M refinance with a six-lender group.
Not new debt for new hardware. Cash released from GPUs already deployed and earning revenue, backed by multi-year contracts.
Physical assets turned back into liquidity to fund the next build.
I saw this video of a worker being filmed at the end of a long shift, purely to get a reaction for content.
We're told to work smart, not hard. But there's a growing incentive to make money from other people's misery.
In finance, the easy money is a gambling sponsorship, or promoting leverage the promoter would never use themselves.
"Celebrities promote it." "They'd have found the site anyway." Maybe. But you're still pointing your audience in that direction.
An audience is powerful. You can change lives by sharing good information, or do real damage by misleading people.
Two takeaways:
1. Don't take the quick buck.
2. Be transparent.
That includes the "I called X, now it's up Y%" accounts. Throw 1,000 darts and only mention the one that hit, and it means nothing.
An audience is influence. Use it carefully.
FOUR KIDS AT HOME AND THEY'RE FILMING HIM FOR CLOUT??
Harmless content, or picked the wrong guy?
A Red Baron rep is stocking a grocery store freezer when a couple of young people with a camera start messing with him. He snaps, then tells them he has to be up at 5 in the morning, he's still out working late, he's got four kids at home and he can't pay his mortgage.
If that were my son holding that phone, the video would come down and he'd be finding that man to apologize to his face.
Yes, he lost his cool. Calling somebody a punk on camera never helps your case.
Now look at what he's carrying. Early mornings, more stores to hit, four kids and a mortgage. And somebody decided his bad day would make good content.
There's a guy like him in every grocery store in America, grinding through the shift nobody sees. Turning one of them into the punchline isn't edgy. It's lazy.
Leave the working man alone. He's got enough on his plate.
$GOOGL -7.5% after a double miss.
But Google Cloud: +103%.
This was not on my 2026 bingo card.
Oracle just set limits on its capex.
Everyone's talking about $ORCL targeting $225B of revenue by FY2030.
But here's what I think matters most:
> Capex peaks in FY27–28
> Growth self-funded from FY29
> Only $20B more raised through FY30
> Net debt/EBITDA below 3.5x by FY29
The market needed to see a ceiling on capital raises. Now there is one, and the debt has a cap.
BREAKING: Oracle stock, $ORCL, surges over +12% after announcing expectations that free cash flow will reach $30 billion in FY2029.
Investors had expected free cash flow to remain negative in that year.
The company is also guiding for $225 billion in revenue by FY2030.
Two risks I watch with $NBIS:
1. Counterparty risk
328MW of its US power comes from Bloom Energy fuel cells, off-grid. If Bloom delivers late, the capacity is late too.
2. Reliance on third-party developers
More of Nebius' capacity is built by partners. They carry the build risk, but Nebius carries the liability to turn it into revenue, and it’s funding that with debt, like the recent $3.5B Citi facility (364-day, SOFR + 2.75%).
It's part of why I prefer $IREN infrastructure ownership model over a more asset-light one: it owns its sites and builds in-house.
Still long-term bullish on Nebius. Just different risks.
Sunday, Elon: debt markets have "almost entirely shut off" for neoclouds.
Today: $IREN closes a $363M refinance with a six-lender group.
Not new debt for new hardware. Cash released from GPUs already deployed and earning revenue, backed by multi-year contracts.
Physical assets turned back into liquidity to fund the next build.
“We are in the middle of the largest infrastructure buildout and it's accelerating." – $VRT
Last week: earnings beats, stocks sold off.
This week, beats are being rewarded:
> Memory | SK Hynix beats and rallies
> Cooling | $VRT orders +100%, stock +18%
The bottlenecks: power, cooling, memory, networking. The market's starting to price them again.
$VRT CRUSHED THEIR Q3 EARNINGS
• Revenue $4.3B vs Est. $3.8B
• EPS $2.21 vs Est. $1.82
• FCF $652M vs Est. $373M
Q4 Guidance
• Revenue $4.4B vs Est. $4.3B
• EPS $2.26 vs Est. $2.21
Vertiv says “we are in the middle of the largest infrastructure buildout and it’s accelerating.”
