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Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank.
This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises.
We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight.
The revolution isn't happening outside the system. It's happening from within it.
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Important note on $BTC: as we get close to end of week, the weekly candle does not look like a decisive breakout. Price taking out an important hurdle usually forms a long white or black weekly candle. See earlier breakouts/breakdowns.
Hesitant price action here can result in price returning inside the range.
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we are about to enter into the GREATEST onchain bull run we've ever seen
why? It's dumb simple for people to now trade onchain
- One app
- One click deposit
- One click buy anything
What robinhood did for retail stock trading in 2021 is now happening for onchain markets
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Mayne calls $HYPE a BNB type of trade
“If we get one more leg down on Bitcoin I’m buying as much Hyperliquid as I can… and if it doesn’t come down to the $38-$43 level I’ll just buy higher”
“I already own Hype but I want to own more Hype. This to me is like a BNB-esque kind of trade”
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This always happens to me
Nail the trade, timing, thesis
Then I lose conviction on dips or run out of patience
When I trade with leverage I have a hard time holding for a longer period of time
But when I just buy spot it feels like my exposure is too low
What should I do?
Longed $PUMP here at $0.0014
Feels like a no-brainer with Ansem bringing back the memecoin activity
+ could be a nice beta play with SOL's recent tailwinds
Coin has been cursed for the last 12 months but hoping they can finally turn it around
What could go wrong?
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$PUMP thesis + trade setup from stream last week
$1M a day with worst onchain conditions is notable, one of the few stories in crypto where the issue is actually the narrative & sentiment instead of the actual fundamentals of the business
if $SOL onchain picks back up this hits all time highs relatively easily, $HYPE currently trades at a 15x higher valuation & they have the same two year revenue numbers
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Clear pathway for $PUMP to keep re-rating if revenue keeps increasing now that it is looking even stronger on a technical and momentum basis. With the mobile app as a catalyst I think revenue growth continues to accelerate.
A 10x multiple to earnings is over $0.006 per token. No reason that a category leader with now obvious durability of fundamentals should trade sub 10x
Interesting setup for $PUMP where fundamental, narrative, and momentum investors can all see eye to eye.
If you assume all daily PUMP unlocks are sold and none of it is hedged with short perps (both are as close to 100% as possible not the case imo), daily sell pressure at current prices would be $484K
Current buybacks from PUMP revenue are at ~$700K/day
That means PUMP price would need to be 44.6% higher before unlocks equaled buybacks in the most conservative scenario where all unlocks are sold and revenue doesn't grow at all from here. Pretty compelling setup.
Also, the biggest overhang (the cliff unlock) came and went and PUMP has been moving higher
And the chart looks great too
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going to do this trade thread w/ $PUMP this cycle bottom to top, first tweet at $0.001675 will update here at $0.002544 and all the way back to all time highs and beyond
simple thesis: top 3 moneymaker in crypto, $2B in cash, trades at < 2.8x p/e @ ~$1B circ mcap because of bias against tokenization, while benefitting the most from increased on-chain activity w/ tailwinds of mobile app going viral if coins launched on platform like $ANSEM & others lead this upcoming cycle's returns for retail
will be top 10 coin by market cap in < 2 years time
nitter.gq/blknoiz06/status/20789…
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Houston, we have lift off 🚀
$SPCX gets added to the Nasdaq-100 on July 7
driving $5Billion+ in structural flows in addition to the speculative flows
on an asset with only 4.2% of shares tradable rn ($90B)
of that 4.2%, many brokerages restricted the sellers by charging fees or ban from future IPOs if they sell, so this number is even lower
on top of that, everyone who can sell has a cost basis of $135 or higher, but many are much higher after shares traded hands post IPO run to $225
so there's almost no one selling at these prices, plus structural and speculative flows coming in for the next week
SpaceX is going to make new all times highs at $225+ in the next few days and the market will hate this rally
for proof, see the comments in the thread below, every hates this idea
anyway, I bought at $155 and have a clear plan to sell and take profits
if you want to know what that plan is and exactly when I take profits, sign up to Milk Road PRO for $1
you can track mine and our analysts live trades and portfolios inside (see link in bio)
ps. Tesla also looking good here 👀
buying $SPCX here might be the lowest risk trade in the market right now
sounds insane at $2T right? hear me out
I think many agree that holding SpaceX at this price long-term is an easy win
it will be the first $100T company
but, most think we'll have a big sell off at unlocks through this year (I tend to agree)
but here's the thing
SpaceX only has 4.2% of its shares available to be traded
Of that, none of the current holders would be sellers since
$SPCX is back near it's IPO price with no unlocks yet
ok but who's buying at $2T?
The answer is the indices:
- The Russel 2000 willl be buying $6-8 Billion this Friday
- MSCI will be buying a few billion early next week
- Nasdaq-100 will be buying $8-$12B on July 6
That's about $20B of buying pressure in the next 2 weeks, while the float of SpaceX is valued around just $80B and most of those holders bought at $150 or higher
After the first 2 day run up to $230 many of the current holders are underwater and waiting to sell higher
This tells me that we likely have a short-term run up based on the forced buying of the indices with little sellers
And here's why this is such a good trade
if it doesn't work out, you're still holding one of the most revolutionary and important companies in the world and will undoubtedly generate a big return in the coming years
it's not like you're betting on some small cap stock that might never return to its levels
I bought at $155 and will likely buy more in this range until Friday
You can track my live trades and portfolio (and 4 other analysts) for just $1 at Milk Road PRO (see link in bio)
we were early to $MU, $NBIS, $BE and many more. Don't miss the next one!
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OIL
This was a sub requested chart but I will share this one with everyone.
Breaking now into stage 4 downtrend technically.
Its not often at all where fundamentals have a high probability of changing the the charts direction on news. This is one of those situations with the Straights of Hormuz.
I am suspect on the "details" of the negotiation that are not ironed out yet. But thats not the charts.
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This Anthropic lecture on Claude for Finance is the closest thing to a real quant research desk you'll find online.
1 hour. Massive value.
Bookmark it.
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🚨Anthropic just showed a 24-minute workshop on how to actually do prompts for Claude.
Taught by the people who built it.
Free. No registration. No paywall.
I've seen $300 courses that don't cover what they teach in the first 8 minutes.
Watch it and bookmark it now.
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🚨 Anthropic just showed a 27-minute workshop on how to actually do prompts for Claude.
Taught by the people who built it.
Free. No registration. No paywall.
I've seen $300 courses that don't cover what they teach in the first 8 minutes.
Watch it and bookmark it now.
