KJ

Cofounded @opinionlabsxyz, ex-@jpmorgan, not a dropout @columbia

[KJ @KJOLAB]

Fun facts about $RAVE FDV:
$RAVE > 2 $TRUMP, $RAVE > $USDe circulation, $RAVE almost > Monad FDV + Uni FDV
可以Short进来了

[KJ @KJOLAB]

所以你告诉我$RAVE的市值大于Biget 的$BGB 马上就要超过$Pepe.
只能说太牛逼了，没话说了
#RAVE

[KJ @KJOLAB]

所以你告诉我$RAVE的市值大于Biget 的$BGB 马上就要超过$Pepe.
只能说太牛逼了，没话说了
#RAVE

[KJ @KJOLAB]

Holy $HIT, what a $RAVE...

[KJ @KJOLAB]

$Rave is a $2b company, you better believe it lol @RaveDAO

[KJ @KJOLAB]

@BTC_Alert_ 还在抗吗？

[KJ @KJOLAB]

While @okx and @binance fights it out. $HYPE is up 60% from the bottom.
#hyperliquid

[steven.hl @_stevenhl]

HyperCore is getting priority fees soon!

This will allow MMs to pay their way (in HYPE) for priority to make up for inferior infra.

The fees would be worth watching during the next volatility event since that is when this would get utilized heavily.

https://t.co/wyxrZHblkc

[KJ @KJOLAB]

@Arya_web3 很有道理

[KJ @KJOLAB]

$Rave is a $2b company, you better believe it lol @RaveDAO

[흑우냠냠 ( c0wc0w ) @c8wc8w]

$ARIA 천재적인 설거지 전략

어젯밤 $ARIA가 바이비트 선물에서 -97% 하락했습니다.

바이낸스 선물과 바이비트 선물과 괴리가 순식간에 3배까지 벌어졌습니다.

차익거래자들은 바이낸스 숏, 바이비트 롱 포지션을 취하면서 차익거래를 시도 했을겁니다. ADL의 발생하지않으면 ���위험하게 2-3배의 차익을 얻을수있으니깐요!!

그래서 바이비트와 바이낸스에서 순식간에 OI가 50M개 저점부근에서 생겼습니다.

그런데 얼마 안지나서 바이비트에 롱포지션을 잡은사람들은 0.0571 가격에서 ADL이 발생하게 됩니다.

OI의 50M개가 ADL로 1분도 안걸려서 정리됩니다.
그러면 어떤 현상이 일어나고 알파가 생길까요?

선물 갭을 먹으려던 차익거래자들은 바이비트의 롱포지션이 ADL로 CLOSE되어, 오로지 바이낸스의 네이키드 숏포지션만 남게됩니다.

그사람들은 차익거래를 하기 위해 진입한 사람이기때문에, 더이상 숏포지션을 갖고있을 이유가 사라져요!

숙련된 차익거래자는 바이낸스 숏을 바로 닫았을테고, 그게 아닌사람들은 어리둥절하며 어차피 코인가격을 내려갈꺼야 하고 버티고 있었을겁니다.

이제 알파는 단순해집니다.

바이낸스에서 롱포지션을 구축하고 차익거래자들의 숏포지션이 숏스퀴징 날때까지 버티면 돈을 벌수있습니다.

바이낸스에 롱포지션을 구축하고 비트겟이나 게이트에서 현물을 사서 숏을 정리해야되는 사람에게 압박을 ��어서 스퀴징을 유도하면 ��딩비와 가격상승의 압박으로 포지션을 닫거나 청산당할수밖에 없습니다.

그렇게, $ARIA 의 바이낸스 OI가 녹을때까지 가격이 상승하였고, 결국 OI가 모두다 녹아버렸습니다.

만약 시세조종하는사람이 바이비트의 시스템을 이해하고 의도하고 ADL 상황을 만들었다면, 천재적인 설거지 방법인거 같습니다.

유동성 적으면 적을수록 비정상적인 움직임이 많이 발생하게됩니다!

선물은 완벽한 제로썸게임이라는걸 기억하세요!

[KJ @KJOLAB]

@cz_binance Biggest crypto bet ever

[Google @Google]

We just released Gemma 4 — our most intelligent open models to date.

Built from the same world-class research as Gemini 3, Gemma 4 brings breakthrough intelligence directly to your own hardware for advanced reasoning and agentic workflows.

Released under a commercially permissive Apache 2.0 license so anyone can build powerful AI tools. 🧵↓

[KJ @KJOLAB]

@claudeai AI is outgrowing human species by the day. With this pace we’ll see a dystopian society like these sci-fi novels in our generation

[Claude @claudeai]

You can now enable Claude to use your computer to complete tasks.

It opens your apps, navigates your browser, fills in spreadsheets—anything you'd do sitting at your desk.

Research preview in Claude Cowork and Claude Code, macOS only.

[Ilya Sleptsov @SiberianViki]

I don't like this type of research, which is usually extremely well-written and very deep in some parts, but it often misses fundamental aspects and misleads readers.

The key questions regarding Canton that completely change the narrative are untouched:
– Who pays millions of $CC in daily fees for the transactions and why? Do these transactions bring economic value to the chain?
– Can these beautiful numbers of large token burns be manipulated? Can we check it?
– How real is the 5.5b Canton valuation? Is it possible that insiders are keeping majority of supply out of exchanges and the real float is much lower?

I am not going to write a detailed article with answers (Blockworks makes money by writing research while I will likely lose money by leaking my way of work) but I encourage everyone to think about it before buying CC

[KJ @KJOLAB]

Trump tweeted "productive conversations" to end the war.

Iran:
• Tehran denies all direct or indirect contact with the US.
• Labels "productive conversations" as psychological warfare to buy time.
• Asserts strike withdrawals were a retreat from their "firm warning."
• Hormuz will not return to pre-war conditions.

Negotiating with a counterparty that doesn't know you’re in the room

[KJ @KJOLAB]

You are right that it can drop 90% in a day, but only after they liquidated you first.
Pretty insane to see same play $SIREN, $POWER, $BEAT, $PIPPIN just controlling supply and slaughtering retail over and over. Feels like that’s sketchy MMs’ only way to make money rn.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Gold has officially entered a bear market, now down -22% from its record high.

[The Kobeissi Letter @KobeissiLetter]

Market stress is surging at a rapid pace:

The spread between the average 9-month volatility of S&P 500 stocks and the S&P 500 index's 9-month volatility is up to 18 points, the highest since 2008.

This spread has DOUBLED over the last 2 years, suggesting many market sectors are experiencing severe volatility despite the broader market appearing relatively calm.

This also means options on individual stocks are far more expensive relative to index options than at almost any point in history.

Furthermore, the S&P 500's 1-month put/call volatility skew ratio is up to ~1.65, the highest since 2021.

In other words, put options are now 65% more expensive than call options.

By comparison, this ratio was ~1.15 at the beginning of 2024.

Volatility is building under the surface.

[Jacob King @JacobKinge]

BREAKING: The largest publicly traded Bitcoin miner, MARA Holdings, is planning to SELL the majority of its Bitcoin reserves.

MARA has just updated its treasury policy to allow sales of its accumulated BTC.

The company currently holds 53,822 BTC, worth roughly $4.7 billion based on recent valuations, placing it just behind Michael Saylor’s Strategy.

[Michael Strong @flowidealism]

If your child becomes a reader, about 80% of the education job is already done. That's my honest assessment after working in education for over thirty years. Everything else is secondary. Most parents think science education is important. Yes it is. But if you can't read the biology textbook, you're not going to learn biology.

Reading is the meta-skill that enables all other skills. History requires reading. Science requires reading. Even math increasingly requires reading as it becomes more sophisticated. The child who reads voraciously will figure out everything else. The child who doesn't will struggle with everything.