TokyoCat

I trade, I drink your matcha latte

[qw @QwQiao]

about to trigger everyone in one tweet

[Ethena @ethena]

StablecoinX Inc. @stablecoin_x has announced an additional $530 million capital raise as part of its $ENA accumulation strategy.

To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA tokens on its balance sheet at closing.

This enhanced scale enables greater access to additional institutional channels, broader investor and third-party coverage, and the capacity to hire top tier leadership.

As with the initial PIPE raise, the cash raised via the PIPE will be used by StablecoinX to acquire tokens from a subsidiary of the Ethena Foundation.

The Ethena Foundation subsidiary will initiate an approximately $310 million buyback program over the next 6-8 weeks via third party market makers, reinforcing the alignment between the Foundation and StablecoinX shareholders.

The expected deployment rate of purchases is outlined in the section below this tweet, and is incremental to the buyback program from the initial PIPE financing transaction which has now been completed.

At current prices, the planned buyback program of this second PIPE transaction combined with the liquid ENA contributed to the PIPE by third party investors represents roughly 13% of circulating supply.

This is in addition to the initial PIPE financing which resulted in the acquisition of approximately 7.3% of circulating token supply over the last 6 weeks.

Importantly, as with the initial PIPE raise, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion.

Once again, to the extent StablecoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA.

StablecoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StablecoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.

[Jackson @zeroxjackson]

Never admit to hard work. If you attribute your great success to drive, dedication, and excellence you will be resented.

To be loved, act like it suddenly fell into your lap. People will be convinced you have the “midas touch” and align with you to increase their own fortune.

[halfin @halfin]

Running bitcoin

[Renç Korzay @renckorzay]

OpenAI fired this 23-year-old from their Superalignment team.

But he turned his insider knowledge into a $1.5B fund that's outperforming Wall Street by 700% this year.

He says maybe ~200 people in SF understand what's *actually* happening in AI right now.

Here's his thesis: 🧵

[typedfemale @typedfemale]

we need an anti-bryan johnson: someone who sleeps 4 hours, lives on fast food, drinks heavily, smokes, never exercises... yet somehow achieves perfect biomarkers through a cocktail of drugs. would be a way more interesting

[Taran @Taran]

Facing failure, seeing absolute rock bottom, going through the roughest of times in your personal life and yet, to have the drive to rebuild and resume conquest. That exact drug keeps us all going. Hats off.

[Horse @TheFlowHorse]

“Wealth is not having a great many possessions, it is about having fewer wants”

[Andy @andyyy]

Bold prediction:

The bottom of the next bear market will be marked with the blood of many crypto treasury companies who will become forced sellers due to lawsuits, massive NAV discounts, and unforeseen circumstances.

[Michael A. Arouet @MichaelAArouet]

Can someone please explain why there are still people out there seriously denying man-made climate change? In which parallel mental universe do they live?

[lynk @lynk0x]

"can you explain this gap in your resume?”

I was in the solana trenches.

[fiskantes ⭐️🩸 @Fiskantes]

Tom Lee is Murad for rich people

[Poseidon @CryptoPoseidonn]

The sad part is, this is the beginning of the end.

Holding $ETH was easy when the price was below $4k because I knew I would never sell, I just kept buying.

Now we need to make a plan for selling $ETH to maximize profits, and that stresses me out.

[jintao.hl @hellojintao]

eth went from $80 to $4800 last cycle and people are targeting 6k

[Bob Loukas 🗽 @BobLoukas]

Hearing there is just 42 ETH left on OTC desks.

[Sisyphus @0xSisyphus]

If ETH goes up another $40, over 239 BILLION DOLLARS of shorts will be liquidated

What happens when shorts get liqd? They have to close

How do you close a short? By longing

Imagine 6 Michael Saylors market buying at the same time. Now triple it

You are not ready

Hyperliquid

[schizoid @btcnft420]

Not trying to FUD or sound schizo but it's actually concerning that multiple Satoshi-era wallets are exiting entirely. These are OG cypherpunks from a tight-knit circle who might collectively know something insane like BTC has a fatal flaw or Satoshi is about to reactivate.

[Elon Musk @elonmusk]

🇯🇵🥰

[Tiffany Fong @TiffanyFong]

ai can't replace pussy.

[lynk @lynk0x]

Spotted on the NYC subway