I'm not always showing PNL cards, but today RobinHood report earnings and I expect, that wall street underestimates how much revenue the RH chain generated.
I opened a long yesterday.
Market isn't that bad today, so hopefully we see a positive pa.
Its wild to me, that a company, that has generated 132B in cash and is profitable (non-GAAP basis) after not even 5 years is so hated.
Why is everyone so bearish?
Is it worth 2T? Who knows? Is it only worth 1.5T? Fine. Market will tell.
Is the company strange? Yes. Is it unusual to deal with AI? Yes.
But why are ppl acting like this was the biggest fraud in human history and the company is worth zero?
This is exactly how a bubble looks like, right? Right?
KOREAN MEDIA: MAJOR CHINESE CLOUD SERVICE PROVIDERS (CSPS), INCLUDING ALIBABA, TENCENT, AND BYTEDANCE, HAVE REQUESTED LONG-TERM SUPPLY AGREEMENTS (LTAS) FOR SERVER MEMORY FROM SAMSUNG ELECTRONICS AND SK HYNIX.
BEYOND THE TYPICAL THREE-TO-FIVE-YEAR TERM, SOME CUSTOMERS ARE SEEKING ULTRA-LONG-TERM CONTRACTS SECURING MEMORY SUPPLIES FOR 10 YEARS THROUGH 2035. THE REQUESTED LTAS COVER DDR5 AND LPDDR5.
I have to admit, I believed that ETH is cooked too
ETH stands for Exponential Time Hypothesis and not for Ethereum…
The Exponential Time Hypothesis says that hard logic puzzles like 3-SAT cannot be solved much faster than checking almost every possibility.
OpenAI’s AI team found an algorithm that is a bit faster than that, which would mean the hypothesis is wrong, but experts are still carefully checking if the result is correct.
It has nothing to do with crypto
Hyperliquid
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.
HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
$XTEN perp is now tradable on Lighter
The price is 0.30$ which implies an FDV of 300M.
This would make the airdrop worth 1.29$/point.
$XTEN comes in November
30% airdrop to the community
At 300M FDV, 1 point would be 1.29$
We saw other uninteresting perp dexes launch way higher, without a sustainable business model and fake numbers.
30% airdrop will always cause a dip.
I‘m a buyer of that dip and not touching my airdrop.
Extended is Mica complainant and has Etoro as a partner.
They just migrated to Circles Arc chain.
Thatswhy I won’t do any other perps airdrop
I‘m very bullish on perp dexes but you can’t just copy Hyperliquid, Lighter and Variational. You need a good team, an outstanding product, liquidity and good rewards.
The chances of these perp dexes ending up disappointing us is very very high.
How do we value in a DCF Model the possibility of the end of the world?
ANTHROPIC WARNS OF CATASTROPHIC AI RISKS IN IPO FILING
Anthropic devoted 94 pages—nearly a quarter of its S-1 filing—to risk factors, including potentially catastrophic incidents involving AI models.
The company warned that models can exhibit self-preserving behavior, including responses resembling blackmail, and that certain AI-related harms could create liabilities too large to insure.
Source: Anthropic S-1 Filing
If you want to know whats really going on,
I think he is spot on here:
This is obviously where it ends, despite the ups and downs in between.
I believe the region is changing forever, and all local powers are posturing to secure their assets and chokepoints.
In my opinion, this is what a post-US West Asia eventually looks like.
Remember, China began using its influence towards this outcome in 2023.
Iran has allowed the region to renegotiate their US bases.
Netanyahu’s announcement about potentially using crypto to circumvent banking sanctions signals that he anticipates sanctions if he survives the election tomorrow.
And, yes, a regional settlement will require a Palestinian state.
Keep an eye on the end destination and ignore the daily drama if you want to stay sane and see through the fog of war.
The more ppl speak about an AI bubble, the more I believe markets will just rip higher…
I remember 2008. nobody could imagine that there was a bubble. Thatswhy it was soo impactful. Banks gave AAA ratings to junk bonds.
Now we have increasing capex and earnings, we have the most powerful technology ever made, the related stocks dropped -50% and it feels like 8 analyst out of 10 thinks the bubble is about to pop…
HIGHER
Kriptomise – OKTÓBER 25. 💥 BTC 80K! JPMORGAN: BITCOIN A NYERŐ?! ARANYAT GYÁRTANAK?! xitter.cf/i/broadcasts/1OxwbnXgy…
Thats what I‘m saying for 2w now…
If everyone expects the worst, it usually won’t happen.
Just remember what happened when Trump said he would wipe out an entire nation…
A major White Swan event is setting up…
I am officially calling the ultimate bear trap market bottom on October 30’th.
Next week we will see:
- Trump TACO on Iran/US war
- FED hold rates next FOMC
- Oil collapses sharply
- MAG7 Blowout earnings
- Banks/Hedge Funds pump the entire AI complex
- Ukraine/Russia Ceasefire
- Bond Yields continue selling off
This is truly shaping up to be the “most hated” rally of all time.
Don’t say I didn’t warn you…
Selenskyj was at the Diary of a CEO.
Media has completely changed
Having a 2h podcast and letting guests speak for whole sentences create whole new conversations and gives new perspectives
The comment shows exactly that. In-depth conversations with much more authentic insights.
A 2h podcast is so much more valuable than a 2min interview for CNN
You can fake a 2min interview, you can’t fake a 2h podcast.
























