SS

objects in motion stay in motion

[knv @knveth]

One of the biggest fumbles ever. From the best crypto wallet to a bloated spyware site full of popup ads and scams

[SS @sshxbt]

hyparuriquid

[SS @sshxbt]

@saliencexbt u mean gta 6

[SS @sshxbt]

the ethena haters only know how to write thought pieces and wordcel on this app

all ethena clones and forks have zero'd out

ethena continues to ship and scale

scoreboard

[Ethena @ethena]

Here's what happened @ethena in August:

• Launched @EthenaPay, the internet money neobank.

• The Ethena Foundation announced a major ecosystem update: the buyout of certain seed investors' locked tokens, unlock of additional VC tokens to alleviate future unlock overhang, principle agreement on a Master Framework Agreement with Ethena Labs, and proposed fee switch activation directing up to 95% of net revenue to ENA buybacks.

• Published the next phase of USDe backing diversification: extending the basis trade to equity perpetuals.

• Partnered with @FalconXGlobal, a leading digital asset prime broker, as an institutional lending partner.

• Ethena-powered dollar savings went live on Kraken+ in the US via @krakenfx.

• USDe became one of the fastest growing dollar assets on @RobinhoodCrypto, crossing $300 million and representing ~40% of total digital dollar supply on the network.

• Ethena assets in the @coinbase DeFi earn product crossed $300 million, a new all-time high.

• @maplefinance selected Ethena's GENIUS-aligned stablecoin USDtb as a core holding within the USD liquidity buffer supporting syrupUSDC and syrupUSDT.

• USDT mints for USDe became free at 0bps for all onboarded mint and redeem users.

[Gary “Beef” Whitaker, MS @GaryWhitak9ul]

Gay son by a million

[SS @sshxbt]

@WazzCrypto just buy an iphone with your openai pet pnl

[SS @sshxbt]

been using this for the past month, it’s a great experience

the value prop is unmatched

life is effectively 10%+ cheaper

[Ethena @ethena]

Introducing @EthenaPay: the internet money neobank.

→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses

Not coming soon™️. Live now to download on iOS.

[SS @sshxbt]

@DanDeFiEd @n2ckchong did he make you spin a wheel

[G | Ethena @gdog97_]

Excited to share what we've been working on for a while in stealth with our new neobank mobile experience built on Ethena's existing product set.

This is one of the few product categories that have emerged in the last couple of years that I think has a genuine chance of breaking out of the crypto native user set to hundreds of millions of people.

While some of the existing neobanking products today are impressive, and I personally use a few of them daily, we think the addressable market here is the hundreds of millions of users not already operating onchain which haven't been served yet.

Rebuilding the mobile banking product experience on stablecoin and blockchain rails simply produces a better product experience for users with near instant and zero cost transfers and settlements, higher savings rates leveraging DeFi financial primitives and importantly these products can be global by default almost immediately.

Ethena sits in a unique position as the first scaled dollar issuer vertically integrated with the consumer application experience. If you don't own the yield engine and stablecoin issuance, you are at a structural disadvantage from a revenue perspective to provide the most competitive offering across the entire product suite.

For Ethena, being able to build the direction relationship with end users for our existing savings products, rather than just via exchange and fintech integrations, let's us control the destiny of our distribution channels in a better way than we have to date. We think the neobanking app form factor is the best way to achieve this.

90% of financial services for most normal people is just send, save and spend. We hope Ethena Pay will be the best place for you to do this.

[samson @fuckyourputs]

past a certain age a man having a 90% drawdown can be a bad thing

[Flood @ThinkingUSD]

Solana is in the most perilous place it's ever been in since it's inception.

- Losing RWA market share with no moat
- No viable path to native perps exchange
- Stablecoin pairs dominating volume, losing moneyness
- First mover disadvantage as newer chains come online

[Gavin Baker @GavinSBaker]

50% price cut driving 14x more volume is kinda wild.

[Definalist @definalist]

RH eco gets its price pumped by KOLs, while on bcrime chain, it’s only insiders and market manipulators doing the pump
The wallets that used to run perp pump-and-dumps on tokens with chinese characters as tickers accumulated Niulai right before its bybit perp listing. Once again, the insiders will be the ones walking away with the profits.

Who knows? Maybe it’ll look like it’s heading straight to zero, just like nancelife, and then suddenly run all the way to 300.
Only the insiders knows the answer, not the retail side.

[(• ˕ •マ.ᐟ ★ @Y40IFRQTTING]

You still think my Malaria Country is poor? Look at this hotel/mall/airport.

[merp @0xMerp]

Kind of funny that people will seriously post slop like this with a straight face

You still don’t get it

Hyperliquid

[SS @sshxbt]

@kitsunedevs what does dat stand for

[SS @sshxbt]

there’s only 3 DATs that matter

microstrategy
hyperliquid strategies
stablecoinx

[SS @sshxbt]

CZ probably panics again when HYPE flips BNB

[SS @sshxbt]

was this not the easiest trade or what

[FSMN @faststocknewss]

DRUCKENMILLER'S DUQUESNE Q2 13F: AMAZON UP 1083%, NEW ALPHABET AND FOX STAKES

Largest holdings:
- Natera $NTRA: $864.9M
- Taiwan Semiconductor $TSM: $281.6M
- STMicroelectronics $STM: $232.4M
- Invesco S&P 500 Equal Weight ETF $RSP calls: $174.7M
- Insmed $INSM: $151.9M
- iShares MSCI Brazil ETF $EWZ calls: $145.9M
- YPF $YPF: $142.7M
- Amazon $AMZN: $129.1M, shares +1083%

New positions:
- Alphabet $GOOGL: $120.2M
- Fox Corp Class A $FOXA: $115.0M
- CDW $CDW: $104.6M
- Bitdeer $BTDR: $64.7M
- Delta Air Lines $DAL: $56.5M
- Fluor $FLR: $51.5M
- D.R. Horton $DHI: $48.7M
- Advanced Micro Devices $AMD: $42.3M
- Palo Alto Networks $PANW: $39.8M
- Hut 8 $HUT: $36.3M
- Fox Corp Class B $FOX: $29.6M
- Cavco Industries $CVCO: $24.3M
- Hyperliquid Strategies $PURR: $23.2M
- Rambus $RMBS: $23.0M
- Rhythm Pharmaceuticals $RYTM: $22.6M

New calls:
- Insmed: $143.9M
- Tesla $TSLA: $53.0M
- Meta Platforms $META: $28.2M

Added:
- iShares Russell 2000 ETF $IWM calls: +318%
- United Airlines $UAL: +203%
- PureCycle Technologies $PCT: +178%
- Seagate $STX: +141%
- Daktronics $DAKT: +100%
- Cleveland-Cliffs $CLF: +82%
- ADMA Biologics $ADMA: +80%
- CRH $CRH: +47%

Exited:
- Broadcom $AVGO: $60.7M
- Option Care Health $OPCH: $50.3M
- Figure Technology $FIGR: $39.1M
- Restaurant Brands $QSR: $33.6M
- Lattice Semiconductor $LSCC: $30.0M
- Humana $HUM: $23.8M
- Twilio $TWLO: $22.9M
- Jabil $JBL: $21.8M
- iShares GSCI Commodity ETF $GSG: $20.7M
- Bloom Energy $BE: $18.5M
- Intel $INTC: $18.2M

Trimmed:
- Alcoa $AA: -88%
- Roku $ROKU: -75%
- Teva $TEVA: -74%
- Arm Holdings $ARM: -74%
- Woodward $WWD: -68%