Interesting timing, when $CRCL is being pushed to all time lows. I wonder who will capitalize on this news? Non-Genius / Mica compliant $USDT or zero network effect / 6 months out from production $OUSD?
There’s a concerted effort to push down $CRCL because they know $USDC is the future. Every significant milestone is faded. Even after finding out some “partners” of OUSD weren’t actually involved, it didn’t reclaim any of the loss from the OUSD announcement. Reeks
$CRCL down on rate hikes, liquidity contracting. $CRCL down on rate cuts, liquidity expanding. Literally pick one.
Either liquidity overpowers rate cuts, or high rates is more beneficial than liquidity. Can’t be both, market.
@zerohedge Maybe stop buying data centers? Because, you know, nobody has any idea why we need this much compute? Idk about you, but I seem to be able to get LLM tokens when I need them.
@KobeissiLetter Where is all this compute going and for what? Idk about you, but the data centers already seem to have enough capacity to provide tokens to normies using chat bots and enterprise users coding.
Ever heard of dark fiber? This is dark computer IMO
@RoundtableSpace No. The party for model companies is nearly over. If the govt wants to nerf capabilities at mythos level, it’s only a matter of time until open source is pinned to that ceiling as well. Why pay extra for the same intelligence level?
@zerohedge One might argue why it exists at all? Chinese open source on local hardware is the future. There isn’t a dime to be made vending models via API calls. It will be clear soon
@Globalflows It’s becoming clear that everything changed when the ETFs hit the scene. The original selling point of being the only tradfi vehicle with exposure no longer applies.
Your analysis of HYPE helped me get in early, which I appreciate. However, I wish I pivoted to the ETF sooner.
Converted all $PURR to $BHYP and couldn’t be happier. While the upside to $PURR “could” be better, I’m taking enough risk as is. Watching MNAV drop below 1x on multiple occasions doesn’t inspire confidence. This could change with a tweet, or it may not. It’s a call option vehicle
Glad I started scaling out of $PURR and into $BHYP. Wish I was more aggressive yesterday.
They are going to lose the retail bid at this point. It was a choice