MadSwan

Shitcoin maximalist. Degen honey badger. Married my bags. Brigitte Macron is a man.

[MadSwan @MiranaSwan]

"Reliance upon the generosity of a regulator is a poor business model."

🫡

[Cern Basher @CernBasher]

https://t.co/eZsMH2jza3

[MadSwan @MiranaSwan]

Someone alert Joe Rogan @joerogan

https://t.co/OwSOdVyIV1

[MadSwan @MiranaSwan]

Song will single-handedly repair US-China relations.

[materkel.gwei 🦇🔊 @materkel]

I asked Fable: “Would you publish this on X?”

Fable: “Not as written. The core problem: it leads with “raising limits by 25%” but then admits it’s actually a 17% cut from what users have today. Readers will spot the spin instantly, screenshot the contradiction, and the replies will be brutal. Framing a reduction as a “permanent raise” reads as gaslighting, even if the math is technically honest.
Other issues: “exciting changes that will make it feel like you’re getting more” — “feel like” is doing a lot of work there, and people will mock it. “Thanks for hanging with us” + “what will you build this weekend!” lands as forced cheerfulness right after delivering bad news.
If the cut is necessary, say it straight: lead with the change from the user’s perspective (“limits will be ~17% lower than the current temporary boost”), explain why briefly (sustainability/capacity), state the date, and skip the enthusiasm. People tolerate bad news far better than bad news dressed up as good news.
Want me to draft a version that would land better?”

[MadSwan @MiranaSwan]

Also, every $THC bought is 10x leverage on $S.

[MadSwan @MiranaSwan]

"You don't get rich by diversifying into 50 mediocre assets. You get rich by finding 2 or 3 asymmetric home runs."

— Stanley Druckenmiller

[MadSwan @MiranaSwan]

$CVX $ANON $S

Repeat after me.

[MadSwan @MiranaSwan]

$CVX $ANON $S

Repeat after me.

[MadSwan @MiranaSwan]

I love a dishwasher.

[MadSwan @MiranaSwan]

@TinHat_Cat @SonicLabs

[Tin Hat Cat @TinHat_Cat]

4.20 in vision $thc

[MadSwan @MiranaSwan]

@TinHat_Cat

[MadSwan @MiranaSwan]

@TinHat_Cat Only going up.

[Michael Egorov @newmichwill]

I remember when dydx switched from running a special Ethereum L2 to Cosmos. Now no one even remembers them

[HERE WE GO! @escape2defi]

ethereum:0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b is going to $100 and there’s nothing you can do about it.

[MadSwan @MiranaSwan]

@kmets_ All in on CLEV

[MadSwan @MiranaSwan]

And we’re back.

[Raoul Pal @RaoulGMI]

The Bessent Put

Today the US Treasury doubled the size of its long-end bond buybacks, the day after the 30-year yield hit a 19-year high at 5.33%. The extra dollars are small. The signal is enormous.

For the first time, the fiscal authority, not the Fed, stepped in to defend the long end within 24 hours of the highs. There is now a put under the long bond, and the market has just been told the top of the range...

Look at the plumbing underneath it...

The buybacks pull old, illiquid bonds off dealer balance sheets and get funded at the front end with bills, which the banking system absorbs. Duration out, money-like paper in. Lower long-end volatility raises the collateral value of every Treasury in the repo system, which is itself a liquidity easing. And the QRA language quietly changed two weeks ago to allow exactly this.

It isn't happening in isolation. This month's joint yen intervention was about stopping Japan from ever becoming a forced seller of Treasuries, and the new dollar swap lines across Asia and the Gulf keep the region's dollar debts rolling, with China the ultimate beneficiary. A weaker dollar is the tool that brings the big foreign buyers, Japan and eventually China, back to the long end. Supply managed on one side, demand rebuilt on the other.

With a long end now potentially anchored, the steepening of the curve should come from Warsh, who will probably deliver his part of the grand bargain between the Fed and the Treasury.

All of this is to fund the hyperscaler capex along with government debt. For the first time since the GFC both public and private debt as a % of GDP are growing and both are vital.

This is the everything code fully at play and brings together many threads I've been talking about for the last two years. The debt must be serviced and liquidity, by whichever mechanism they can route it, is the method.

Financial conditions started easing through both legs at once today, and financial conditions are the first domino in the sequence we have been mapping all year.

To be warned this is not an instant liquidity flood happening right now. This is the entire scaffolding being set up for the much larger game. The Great Game is the funding of the aging population along with the funding of the new demographic of AI and robots. Both games are too big and too important to stop. The funding of the the intelligence build out is the most important game of all time. It is too big to fail.

The full Flash Update is coming for GMI and RV Pro members came out earlier today: the full mechanism, the 2011 and 1940s precedents, what it likely means for every asset class, and what would prove the thesis wrong.

Overall today was a big marker point on a story that I've been predicting for many years and have the receipts to prove it. The outcome is always MOAR COWBELL!

[katexbt.hl @katexbt]

The funniest thing just happened.

Justin Sun is going absolute BEAST MODE on Coinbase, Binance and Hyperliquid's AML mechanisms.

He is DUSTING everyone who interacted with Coinbase, Binance or HL before with a few USDT from HTX.

HTX is under sanctions in the EU and the UK since May 26th - any owner of an address that received money from it in the past 3-4 months received a freeze from Coinbase until they show "proof" that they weren't using a blacklisted financial entity.

Binance announced it will restrict deposits and withdrawals involving 11 platforms including HTX from 23 August - so clearly this is in retaliation.

By doing this now - Justin Sun is basically forcing the hand of Coinbase and Binance, and regulators in the EU (which CB/Binance always lobbies) to legitimize HTX as a real business entity.

Or end up with thousands of pissed off users.

Only in crypto.

[MadSwan @MiranaSwan]

When you rewatch Ex Machina, you realise our present LLMs are far from passing the Turing test.

God damn far.

[MadSwan @MiranaSwan]

AI does not truly pass the Turing Test until it is embodied.

[Lazy IT Guy @lazy_IT_guy]

Our CEO called me in a rage because his Zoom calls kept dropping.

He said his video was freezing every 15 seconds and asked if we were under a DDoS attack.

We weren't under a DDoS attack.

I was manually throttling the executive Wi-Fi network down to 128 kilobits per second.

I told him we were suffering from acute packet fragmentation due to an outdated routing table.

I explained that the incoming data packets were colliding in the local cache and tearing each other apart.

He asked how long it would take to rebuild the routing table.

I told him the only way to stop the fragmentation was to authorize my pending $85K budget request for a new fiber-optic firewall.

That request had been sitting on his desk for 3 weeks.

He pulled it up on his iPad and signed it while still on the phone with me.

The second the DocuSign email hit my inbox, I removed the bandwidth cap.

His Zoom feed instantly snapped into pristine 4K resolution.

He audibly gasped and told me I was an absolute miracle worker.

I told him I had to manually reroute the packet streams through a secure secondary tunnel.

I used the phrase "dynamic latency overriding."

He sent an email to the entire company praising the IT department for our rapid crisis response.

The new firewall budget is actually going to be used to build a private Classic server for my World of Warcraft guild.

I don't solve problems.

I manufacture minor technological hostage situations.

Bandwidth is just leverage.