Prime Minister Netanyahu:
"Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival.
This operation will continue for as many days as it takes to remove this threat."
1/ Some thoughts on the new MAS consultation response that pretty much everyone has been asking me about lately.
TLDR: Targeted at closing a loophole exploited by some CEXes, custodians and MMs. Builders/LabsCos are ok but some things to look out for due to broad language.
How much money you'll make in the next Bull cycle will literally depend on how 'Active' you are in the bear market. This is the rule. The only rule. If you become lazy during bear market, there's no way you'll get rich when everything Pumps. I can't explain more.
Just one little advice of cringe sounding words but the realest advice.
🚨 BREAKING 🚨
🇺🇸 PRESIDENT TRUMP HAS BOUGHT
$10M WORTH OF BITCOIN AND $10M
OF ETH ONE DAY BEFORE THE WHITE
HOUSE CRYPTO SUMMIT.
HE DEFINITELY KNOWS SOMETHING…
Nothing new here. It’s just The Everything Code playing out. The Fed won’t start QE until they can roll over debts at more sustainable levels – meaning rates have to come down first.
Plus, the Fed's got other tools, and they've been working with the Treasury since Covid to smooth out the QT impact through the TGA and RRP.
Also, when we talk about “moar cowbell,” we're talking about global liquidity, which can come from the PBoC (for example), private credit creation, rate cuts, a weaker dollar, or lower bond yields. All of these ease financial conditions and support growth.
Back in 2017, the Fed was a small player in the liquidity game. In fact, the Fed was doing QT and hiking rates all year, yet risk assets still flourished and Bitcoin did a 23x following the sharp but short 28% correction in January.
Bottom line: it’s not just the Fed in this equation, and QE is not a prerequisite to rising liquidity conditions. We’ve seen that play out over the last two years.
Finally, Chinese rates are now approaching zero, which means the odds of China QE are rising significantly.
Phase One: Rate cuts.
Phase Two: Debts get monetized.
This is The Everything Code playbook.
Everyone gets horny about M2 because they think rising M2 = liquidity = uponly.exe
So they must be confounded by the fact that Global M2 is pushing new all-time highs but their shitcoins continue to underperform
Whilst rising M2 does appear to support things of actual value (equities, Bitcoin, gold etc.) your shitcoins are purely a phenomenon of speculative excess
If you want to see speculative excess, you need surplus dollars to those being spent in the real economy — now look at this chart and tell me what you notice…
If you need some help, Global M2 (blue) has been growing at roughly the same rate as Global GDP (white) this cycle (of course, there is lag in this data), ergo where is the surplus currency to funnel into speculative excess?
Looking for the reason why this cycle has felt more difficult than previous ones? I believe this is precisely why
For all the easiness of financial conditions over the past 2 years, most of the growth in M2 globally is being spent on goods & services
You want shitcoins to outperform BTC en-masse, you need Global M2 growth to outpace Global GDP growth — this in turn allows for an excess pool of nominal currency with nowhere to go except speculation (and to a lesser degree consumer inflation & being hoarded)
Throw this chart into ChatGPT or Grok and see what they have to say…
I write about this phenomenon at length in my Financial Deepening post at @ostium:
https://t.co/v8PWKRjRsp
(P.S I also believe this explains why since the 1990s we’ve seen historical peaks in equity PE ratios become modern troughs)
oh my fuck!
my ai agent (tokyo) can now use a browser and perform actions autonomously - it can basically do anything
- lend/borrow using aave
- restake to eigenlayer
- register for side events and etc
here’s an example of it finding eth denver side events and registering me
Woah, this is cool. Keeping up-to-date on Web3 thx to @Chain_GPT and their AI News service!. Navigating Black Swan Events in the Crypto Industry https://t.co/gB1C7VPRF9 Black Swan Events in the Crypto Industry
#ChainGPTAI