Kewl

Enjoy FPL & Crypto.

[Bull Theory @BullTheoryio]

BREAKING: Bitcoin reclaims $86,000, liquidating $120 million in shorts in just 60 minutes.

$40 billion added to crypto market cap over the same period.

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

the President of the United States + the world's richest person and first trillionaire + the founder of the world's largest social network + the CEO of the world's most valuable company:

'we're calling it Super Intelligence going forward. it's now SI'

a random anon CT degen with a frog pfp:

'SI is lame and dumb. it's uncool. just some fad that's gonna die soon'

no wonder some people on this app struggle to make money

who you listen to is an IQ test

it's also funny how many of us made our first millions last cycle by anticipating the name of some random billionaire's dog before the crowd, or whether he'd tweet about it, and trading based on that

memecoins based on the pets of influential figures literally ran to $1b-$10b+

but now you're telling me that we should fade the renaming of the biggest technological trend of our generation, and the entire avengers of the financial and social world uniting behind it and pushing it, because some anon rando thinks it is stupid and 'uncool'?

ngl, sometimes i wonder what some ppl take before they come on this app to spout their opinions 😅

[Golf Channel @GolfChannel]

DOUBLE FIST PUMP 😤

Si Woo Kim drains a long birdie putt at the 9th and Tom Kim LOVES it

[Sweep @0xSweep]

$BTC is very close to another bullish breakout

Higher 🚀🚀

[Barchart @Barchart]

Copper will soar 50% to $22,050 a ton, says Deutsche Bank 🚨 🚨

[Ansem 🐂🀄️ @blknoiz06]

i’m pretty bullish on NFTs making a real comeback this cycle

art NFTs can have another run, but i’m more interested in how much experimentation happens around the format itself

agents, ownership, new launch mechanics and different ways to connect NFTs with onchain products all open up fresh design space

we’re still early in the broader onchain rotation, so i expect people to get a lot more creative with NFTs from here

[Ansem 🐂🀄️ @blknoiz06]

i’m treating this cycle on its own terms

previous major BTC bear markets took roughly a year to find their lows and drew down 75%+ from the top

this time, the deepest drawdown so far has been closer to 53%, followed by a much earlier recovery in price

the market structure has changed too, with new ways for institutions and retail to enter crypto and move onchain

memory mapping every move to 2018 or 2022 feels less useful when the setup itself has changed

[Ethena @ethena]

Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.

This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.

As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.

Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.

Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.

We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.

Allocations begin today.

[Bull Theory @BullTheoryio]

What is even happening in the US?

S&P 500 jumped +0.5% in just 5 minutes after Reuters reported US and Iran are discussing a phased plan to reopen the Strait of Hormuz.

Oil crashed -3% in the same window.

But both moves started reversing right after the headline settled.

Same thing is happening in bonds.

The US Treasury has boosted its bond buybacks by 3x, but yields don't care. They keep hitting new multi-decade highs every single day.

Controversial take: these are not human trades.

These are algorithm driven sell offs and rallies, and the humans behind those algorithms step in to reverse the move once they realize it's just another fake, repeated headline.

[Bull Theory @BullTheoryio]

🚨THE BOND MARKET IS FLASHING A MAJOR WARNING

The 10-year Treasury yield just surged above 5.20% for the first time in 19 years.

It is now up almost 30 basis points in just 2 days, marking one of the fastest bond selloffs in years.

The last time yields were around these levels was in 2007, the same year US economy entered recession that eventually became the Global Financial Crisis.

But this move isn't happening for no reason.

September's flash PMI just hit a 5-year high, inflation pressures are rising again and markets are pricing in a more hawkish Fed.

At the same time, oil remains near $100 and massive government borrowing continues to put pressure on the bond market.

This is why 5.20% matters.

The 10-year Treasury is the benchmark behind mortgage rates, corporate borrowing and valuations across financial markets.

The higher it goes, the more pressure builds across the entire financial system.

Something eventually has to absorb that pressure, either yields come back down or something starts breaking in the financial system.

[Ignas @DefiIgnas]

This is easiest crypto bull market ever IF the high rev token meta continues.

You don't need to chase every narrative or even read much of CT.

Just open DefiLlama, Blockworks etc. and find projects with:

1. High and growing revenue

2. Revenue actually reaching token holders through payouts or buybacks

3. Low market cap relative to that holder revenue

and don't forget about emissions and unlocks too.

Then buy and hold. Simple.

Sell when the valuation gets too far ahead of realistic future revenue, or the thesis (protocol) breaks.

And you can ask your AI agent to run this due diligence weekly.

Ok, maybe the harder part is estimating future fees.

But if you believe BTC will continue to pump, more speculation WILL lead to more trading volumes and fees.

So we need to add forward looking valuations which could make tokens relatively cheaper for future fees.

$HYPE, $LIT, $PUMP etc. look like very simple trades in retrospect.

So now we need to find newer emerging protocols with high rev but that are undervalued by the market.

Finally, AI agents could keep recommending the same few tokens to all of us.

Thus concentrating 1) attention and 2) money into assets that fit the criteria and helping them pump further.

Simplest meta ever. Right?

[The Kobeissi Letter @KobeissiLetter]

After a brief intermission, back to the regularly scheduled programming.

The 10Y Note Yield is back to its highest levels since 2023 and the 30Y Note Yield is up to 5.35%, matching 2007 levels.

Despite numerous intervention attempts by the US Treasury, nothing is working.

It is becoming increasingly clear that the only way to drive yields lower over the short-run would be an end to the Iran War and the ongoing global energy crisis.

However, over the long-run, this is a structural problem, with deficit spending and years of compounding inflation at its core.

The reality is that the era of ultra-low rates that Americans and the world became used to will not return anytime soon.

"Higher for longer" is the new normal.

[Sawyer Merritt @SawyerMerritt]

Grok Bot has just officially launched in @Tesla vehicles.

I got early access a couple weeks ago. You can order stuff on online (such as Amazon), manage your email, calendar, finances, or other tasks through Grok @Bot using just your voice in your Tesla.

There is no separate app, everything just lives within the existing Grok Voice interface in your Tesla (as shown in my Model Y below).

One good use case for Grok Bot in your Tesla: You get in, tell Grok Bot to order coffee at a location of your choice, and while your Tesla drives you to the coffee shop using FSD (Supervised), Grok places the order so it’s ready when you arrive.

Grok Bot in Tesla vehicles is currently only available to SuperGrok Heavy users, but will expand to more owners later. Connectors are available to all users.

[Bull Theory @BullTheoryio]

🇫🇷 France’s 10-year bond yield just surged to 4.57%, its highest level since 2008.

Even worse, the gap between French and German yields has officially crossed 100 basis points for the first time since 2012.

German bonds are the safest in Europe and this widening gap means markets are demanding a massive risk premium just to hold French debt.

The reality is that France’s finances are deteriorating fast:

1. Total debt has crossed €3.5 trillion.
2. Public spending gobbles up 57% of GDP every year.
3. Economic growth is projected at a stagnant 0.7% for 2026.
4. Total public debt is set to hit nearly 120% of GDP this year.

France is spending way more than it earns, and it has almost no way out:

Can’t raise taxes: The top income tax rate is already at 45% (plus a 4% surcharge).

Can’t cut spending: Past attempts have triggered massive nationwide protests.

Can’t print money: France doesn't control its own currency; monetary policy belongs to the ECB.

To make matters worse, the ECB has raised rates by 50 basis points this year to fight inflation. Massive amounts of old French debt issued near 0% must now be refinanced at these multi-decade highs.

The pressure is building from all sides, and markets are clearly demanding a much bigger premium to fund Europe’s third largest economy.

[Watcher.Guru @WatcherGuru]

🇨🇳🇺🇸 China cuts US Treasury holdings to an 18-year low

• China has been reducing its holdings for over a decade, down from around $1.3 trillion in the early 2010s to $618 billion today.

• The decline accelerated after 2022 as China became more concerned about relying too heavily on US assets.

• Foreign governments are buying fewer US Treasuries, while hedge funds and other investors are buying more.

• Weaker foreign demand is helping push Treasury yields higher, with the 30-year yield recently hitting a nearly 20-year high.

• Higher yields mean the US government has to pay more to borrow money.

[Ansem 🐂🀄️ @blknoiz06]

the wealth effect is starting to show up again

$ZEC running from a few hundred to $1.5k is a good example

> majors run → crypto natives make money

> profits rotate further down the risk curve

> majors hit mainstream news → new retail pays attention

> more users flow into crypto + mobile trading apps

> more capital eventually looks for smaller onchain opportunities

this rotation has happened across multiple crypto cycles

[Anthony @TheGalox_]

iPhone charging times | 0-100%

iPhone 18 Pro Max: 55 minutes
iPhone 17 Pro Max: 1:12 hours
iPhone 16 Pro Max: 1:57 hours
iPhone 15 Pro Max: 1:49 hours
iPhone 14 Pro Max: 1:52 hours
iPhone 13 Pro Max: 1:46 hours

[Barchart @Barchart]

BREAKING 🚨: France

France's 10-Year Bond Yield hits highest level since the Global Financial Crisis 🤯 👀

[Bull Theory @BullTheoryio]

BREAKING: 🇯🇵 Bank of Japan raises interest rates by 25 BPS to 1.25%, the highest level in 31 years.

[Barchart @Barchart]

BREAKING 🚨: Canada

Canada's Long-Term Bond Auction drew the highest interest rate since the run-up to the Global Financial Crisis 🤯 👀