N

Ex-Sales Trader, Current Mgmt. Consultant

[N @Send00r]

@zeroxkyle I do know a fair amount of friends who sold insurance after completing JC, leverageD that as work experience to gain internships in sales roles in year 1 & 2 in University at tech and FI, which then snowballed to prestigious penultimate internships after which all were converted

[Shual @0xShual]

Your timeline today:

> buy korean stocks
> btc looks good here
> did you make millions on memory stonks? nah? skill issue
> crypto is dead, even on hl we just trade stocks
> bryan johnson: i sucked on my gf toes today, did you know her feet bacteria is top 99% in the world?
> all your friends getting rich on photonics
> guy you follow shares a pic from his group chat making you question "how come I'm not in an alpha group fml"
> didnt you buy samsung and sk hynix?
> 15x posts of ____ is the next bottleneck for AI
> you didn't buy zec, didn't buy peptides microcaps, didn't buy AI stocks - what are you even doing??? get depressed bum
> somewhat vague based16z/knlae/evan tweet about printing money outside of crypto
> 3 random posts about similarities from now and '99 before the dotcom bubble popped
> you missed peptides meta??? hfsp
> you missed the nokia and blackberry pump you loser? hahaha
> btc bottomed, up only from here
> btc will top 90k before dumping, pivot to stocks
> ansem: alright ppl what do we buy except for asteroid? oopsie teehee!
> citrini: 107 page paid article about the top 3 toilets company that truly unclog this AI layer that's yet to pump from our 26-layers-to-invest-in-AI series of 2026

[Collin Rugg @CollinRugg]

JUST IN: Mt. Everest guides accused of “poisoning” climbers to trigger helicopter rescues as part of an insurance scam.

The guides have allegedly been lacing hikers' food and pressuring them into taking expensive rescue helicopter evacuations.

"Guides with the trekking agencies allegedly poisoned tourists by putting baking soda in their food to trigger severe gastrointestinal distress that mimicked altitude sickness or food poisoning," the New York Post reports.

Operators would allegedly then forge medical documents and flight documents to charge international travel insurers.

According to police, the groups have received $19.69 million in insurance payouts.

Police in Nepal have charged 32 individuals for organized crime and fraud, including trekking company owners, helicopter operators, and hospital executives.

[Sama Hoole @SamaHoole]

Chloe woke up at 6:45am and immediately felt proud of herself.

She had, after all, not eaten a single animal product in four years. The planet was healing. She could feel it.

6:52am - Applied her morning SPF. The SPF contains beeswax. Chloe does not know this. Moving on.

7:10am - Breakfast: a smoothie containing avocado. The avocado was grown in Michoacán, Mexico, on land where a pine forest was until 2019. It required approximately 320 litres of water to produce. It was flown to the UK. Chloe sprinkled hemp seeds on top. The hemp seeds came from China. Chloe felt connected to the earth.

8:00am - Got dressed. Polyester leggings, derived from crude oil. A bamboo top that was processed using carbon disulphide in a Taiwanese chemical plant. Trainers with a recycled plastic upper that sheds microplastics into waterways with every wash. Chloe's outfit today had a higher carbon footprint than a ribeye steak. Chloe does not know this either.

9:30am - Posted on Instagram about choosing compassion. The phone was manufactured in a Shenzhen factory using cobalt from the DRC, where mining operations have displaced local communities and killed an unknowable number of small mammals, reptiles, and insects. The algorithm served Chloe an ad for oat milk. Chloe liked it.

12:00pm - Lunch: tofu stir-fry. The soy was grown in Brazil. Brazil produces more soy than almost any country on earth. The primary reason is soybean oil: one of the most widely used industrial and culinary oils on the planet. The soymeal left over after oil extraction is fed to livestock as a byproduct. Chloe is aware of the livestock connection and finds it outrageous. She has not looked into why the soy was grown in the first place. The answer is the oil. The oil is in her salad dressing.

1:30pm - Drove to the garden centre. The car runs on petrol. Chloe has a Just Stop Oil sticker on the bumper. This is not being commented on further.

3:00pm - Bought a monstera. The monstera was grown in a Dutch greenhouse using natural gas heating. Chloe put it next to the pothos that is slowly poisoning the neighbourhood cats.

6:00pm - Dinner: pasta with cashew cream sauce. The cashews were processed in Vietnam, often by workers in conditions that would prompt significant commentary if they were in an abattoir.

8:00pm - Watched a documentary about factory farming. Wept. Posted about it. Caption: "We have to do better."

Chloe is, by every measure she has chosen to measure by, doing brilliantly.

By some of the others, the picture is more complicated.

Chloe has not chosen to measure by those.

[Ethan Kho @ethanrkho]

The only personal edge that doesn't decay: a corpus of knowledge you built yourself.

Got this from Kirk McKeown, ex-Point72 Head of Prop Research who worked alongside Steve Cohen.

"You want to get it right, not be right."

"Alpha rewards those who value assets in a cold way."

"History rhymes because people are animals. They do the same thing over and over expecting a different result."

"Reading a book. Having these conversations. That's the competitive advantage. Not asking a chatbot."

The irony: in an AI world, the edge goes to whoever puts in the most analog reps.

[CG @cgtwts]

> be ben affleck
> say AI isn’t smart enough for filmmaking
> watch the tech get better
> build an AI company
> sell it to netflix and make $ 600M
> and still call it overhyped

[Roy @im_roy_lee]

BREAKING:

Cluely CEO officially responds to TechCrunch

[N @Send00r]

@crystalsssup Yeah, we don’t make slides like this in MC in 2026 anymore

[hantengri @hantengri]

polkadot

raised $510m and no one knows why

no one uses it. literally no one because there is nothing to use

acala usd went to zero

last time I checked team was paying $53k to coingecko for an animated logo and distributing dot to the k@ito yapsuckers

the last remaining holders locked their dot in the crowdloan 4 years ago at a $50b fdv and when the unlock finally happened years later, dot was at $5b fdv

so they basically became holders forever

somehow it’s still sitting at $5b fdv

zero

[N @Send00r]

🫡

[Cobie @cobie]

When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.

I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.

If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.

If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.

While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.

In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.

I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.

Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.

The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.

In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.

In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.

Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.

[Horse @TheFlowHorse]

Best thread there is on this event, in a sea of garbage takes from content creators.

[奶奶 capital @testinprodcap]

jeffy yu has one of the most insane CT arcs. goes to sf state (summer session at stanford once). does a < 1 year stint at scale. creates zerebro. max extracts during AI spring. fakes his own death. comes back she/her. now leading the fight against CEX and other crypto orgs using evidence on google sheets.

one of the best to ever do it.

[Evanss6 @Evan_ss6]

“So you moved every dollar you have to Binance Smart Chain?”

“Yes Dave”

“And tell me the reason again?”

“Because CZ is going to ‘crime it up’ Dave.”

[CryptoAmsterdam @damskotrades]

when you survived the last 4 years, ftx, luna, melania rug, milei rug, celsius, 3ac, cz jail, china ban, germany selling, mt.gox unlocks, vitalik sniffing dogs, wars, tariffs

and altseason finally hits

[N @Send00r]

@level941 Round tripping and getting rugged builds more character than anything

[Lukas @MiyaHedge]

https://t.co/60KjSXXCj7

[Piker Capital @PikerCapital]

This is probably one of the most straightforward takes on asset price inflation I’ve come across in a while.

[Eugene 有劲 @eugenegeu]

During the Dotcom Bubble, ~1,000 internet companies IPO’d. Most didn’t survive the next 20 years, but the few that did became giants:
- Nvidia (1999 IPO)
- Amazon (1997 IPO)
- Google (2004 IPO, just after the bubble)

Each returned 1,000x to early investors by relentlessly growing revenue and market share, compounding value for a decade.

People often compare the Dotcom Bubble to crypto’s 2017 & 2021 bubbles. Asset selection in crypto is perhaps more challenging: 1,000 IPO stocks then vs. >1M token TGEs since 2015. Plus, token buyers are not protected by law unlike for equities.

Yet the power law still applies: the few survivors of the crypto bubble will define the onchain financial world.

Today, liquid funds largely converge on BTC and HYPE. One is digital gold that institutions are racing to accumulate, whereas the other is pioneering the future of France, already returning $1B+/yr to HYPE holders via buybacks.

Other favorite bets by funds include:
- AAVE: dominant crypto bank for permissionless lending
- PENDLE: first-mover to tap into the $5T high-yield bond market
- <insert your bags>

The winning formula? Tokens that are:
(1) generating significant amount of revenue
(2) consistent growth e.g. in fees / TVL
(3) offer direct value accrual e.g. buybacks
(4) have minimal token unlock risk

Point (1) and (2) applies to all stocks including Dotcom stocks. Point (3) and (4) are more crypto-specific. Token buyers lack legal protections—so investors demand alignment via direct value accrual to tokens and tight tokenomics. You don't want VCs to dump 20% token supply on your head.

The formula narrows the universe of investable tokens to a small handful. However, the next AMZN or GOOG of crypto might be there somewhere.

Godspeed.

[GLC @GLC_Research]

$SYRUP has been on a run lately, here’s why:

🔸Maple just hit $2.5B in AuM, a 5x increase year-to-date.

🔸Revenue is scaling fast too, with two consecutive months exceeding $1M.

🔸The team is targeting $4B AuM by year-end, and annualized revenue is projected to surpass $25M.

Want to dive deeper ? Check out our reports below.

Maple.