Ex Milo

on-chain sleuther 🧪 | chasing the truth in the dark, avoiding the noise |

[Ex Milo @_0xMilo]

@KobeissiLetter Bibi & Co will soon be claiming that this page is anti-Semitic lol

[Jake Chervinsky @jchervinsky]

We've exited the era of crypto as niche experimental technology for hobbyists and ideologues.

We've entered the era of crypto as a real upgrade to the financial system, a challenge to incumbents using regulatory moats to defend old products against innovation.

Innovation wins.

[Anthropic @AnthropicAI]

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.

The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.

Access to all other Claude models is not affected.

We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.

Read our full statement: https://t.co/bwn0sximKZ

[Ex Milo @_0xMilo]

@coinbase @Sakrexer Probably nothing

[Ex Milo @_0xMilo]

@mlmabc @elonmusk amazing tech!

[Ex Milo @_0xMilo]

@Cryptoweaver_ @jonxkbz Only? You’re a tard

[Ex Milo @_0xMilo]

@coinbase @AltcoinSherpa @HyperliquidX 👀👀

[Ex Milo @_0xMilo]

@HunterBiden @gmoneyNFT Hyperliquid.

[SalsaTekila @SalsaTekila]

I've always thought of BTC as gold, but digital and better.

It's pseudonymous (everything is traceable on-chain, yet nobody needs to know you're carrying coins), censorship resistant, and permissionless. It can be insurance against seizure. It's far easier to move funds around the world in BTC than through the clumsy plumbing and compliance of banking rails. And it doesn't inflate in supply: hard capped at 21M, arguably even less in practice once you account for lost coins (assuming quantum never resurrects those dead wallets).

The fundamentals line up for the long-term investor, and Saylor-type ponzis are just noise over a long enough horizon. Yet there's a real flow problem right now: the two main buyers of this cycle, the ETFs and Saylor, have both turned sellers, and we're finding out how few others are willing to bid. US spot BTC ETFs just printed their longest outflow streak on record (~$4.4B over 13 straight days, flipping 2026 net flows negative for the first time), and Strategy (MSTR) sold BTC for the first time since 2022. Saylor's sale itself was tiny and symbolic, but it cracked the "never sell" narrative at the worst possible moment.

The elephant in the room is simple: new technology is threatening BTC's investability. This has been brewing for a couple of years now, and it's the first real existential question mark over the asset.

Frontier AI (Claude Mythos and the rest) is an attack vector for crypto, BTC included. Not so much the base-layer code, but the custody and exchange surface. You can use a Trezor, a reputable cold-wallet provider, a custodian, and still there's no guarantee the system generating your keys is truly flawless and bullet-proof against every attack. The question always sits in the back of an investor's mind: "will my coins actually be safe if I park them here?"

Q𝐮𝐚𝐧𝐭𝐮𝐦. 𝐀 𝐆𝐨𝐨𝐠𝐥𝐞 𝐜𝐨-𝐚𝐮𝐭𝐡𝐨𝐫 (𝐉𝐮𝐬𝐭𝐢𝐧 𝐃𝐫𝐚𝐤𝐞) 𝐧𝐨𝐰 𝐩𝐮𝐭𝐬 𝐭𝐡𝐞 𝐨𝐝𝐝𝐬 𝐨𝐟 𝐐-𝐃𝐚𝐲 𝐧𝐞𝐚𝐫 𝟓𝟎% 𝐛𝐲 𝟐𝟎𝟑𝟐 𝐚𝐧𝐝 𝟏𝟎% 𝐛𝐲 𝟐𝟎𝟑𝟎. 𝐒𝐨 𝐟𝐢𝐱𝐞𝐬 𝐌𝐔𝐒𝐓 𝐥𝐚𝐧𝐝 𝐰𝐞𝐥𝐥 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐚𝐭 𝐝𝐞𝐚𝐝𝐥𝐢𝐧𝐞. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐩𝐢𝐞𝐜𝐞 𝐨𝐟 𝐝𝐢𝐬𝐬𝐮𝐚𝐬𝐢𝐯𝐞 𝐅𝐔𝐃 𝐟𝐨𝐫 𝐚𝐧𝐲 𝐬𝐞𝐫𝐢𝐨𝐮𝐬, 𝐬𝐢𝐳𝐞𝐚𝐛𝐥𝐞, 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐡𝐨𝐥𝐝𝐞𝐫. 𝐇𝐨𝐰 𝐝𝐨𝐞𝐬 𝐚 𝐬𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐟𝐮𝐧𝐝 𝐨𝐫 𝐧𝐚𝐭𝐢𝐨𝐧-𝐬𝐭𝐚𝐭𝐞 𝐣𝐮𝐬𝐭𝐢𝐟𝐲 𝐩𝐚𝐫𝐤𝐢𝐧𝐠 𝐛𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐢𝐧 𝐁𝐓𝐂, 𝐨𝐧 𝐚 𝟏𝟎-𝐲𝐞𝐚𝐫-𝐩𝐥𝐮𝐬 𝐡𝐨𝐫𝐢𝐳𝐨𝐧, 𝐰𝐡𝐞𝐧 𝐢𝐭 𝐢𝐬𝐧'𝐭 𝐪𝐮𝐚𝐧𝐭𝐮𝐦 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐚𝐧𝐝 𝐪𝐮𝐚𝐧𝐭𝐮𝐦 𝐜𝐨𝐮𝐥𝐝 𝐩𝐥𝐚𝐮𝐬𝐢𝐛𝐥𝐲 𝐚𝐫𝐫𝐢𝐯𝐞 𝐚𝐫𝐨𝐮𝐧𝐝 𝟐𝟎𝟑𝟎-𝟐𝟎𝟑𝟐?

Now the good news: all of this FUD has been well known for a while, and a lot of the selling since 2025 stems from exactly these fears. I believe most of those who had to sell for these two reasons already have. The latest leg down is more in the realm of short-term noise and speculation around Saylor, which is a separate story entirely.

There are already serious proposals to make BTC quantum resistant, BIP-360 (the quantum-safe address type) and BIP-361 (the legacy migration plan) among them. What's missing is a real push toward implementing a solution. I believe that once we see that push, the large long-term buyers come back, and the bull market resumes.

Maybe people put too much weight on short-term speculation and lose sight of the long horizon. If you buy today's blood, you front-run tomorrow's quantum update. And you might even end up holding multiple coins for every BTC you own today (quantum-safe, OG, hard-fork variants, and so on).

In that spirit: I've felt deeply that it was over many times since 2016, and today is one of those days. It always feels that way near the cycle lows.

Cheers, and if you feel like selling, do it, you bunch of pussies.

[Ex Milo @_0xMilo]

@lookonchain @KyleSamani Mr Solmani, have you seen this?

[Ex Milo @_0xMilo]

@KyleSamani You’re such a faggot

[Ex Milo @_0xMilo]

@DeItaone “In theory”

[Ex Milo @_0xMilo]

@loraclexyz

[Ex Milo @_0xMilo]

@reisnertobias How many people would have held their airdrop? Is that data still available anywhere?

[Grayscale @Grayscale]

Grayscale Hyperliquid Staking ETF (Ticker: $HYPG), the $HYPE ETP with the lowest gross management fee in the U.S.¹, starts trading tomorrow.

$HYPE is the asset powering 24/7 onchain markets, with @HyperliquidX driving trillions in perpetual trading volume²

Direct $HYPE exposure and staking. In your brokerage account tomorrow.

Hyperliquid.

[Hyperliquid Policy Center @HyperliquidPC]

We welcome today’s CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a Staff Advisory on 24/7 Trading, Clearing, and Settlement, as a long-overdue acknowledgment that perpetual derivatives are a legitimate and essential tool for price discovery and risk management.

For too long, regulatory ambiguity drove these markets offshore, depriving American traders and institutions of access to regulated venues and undermining U.S. competitiveness in the global derivatives markets.

Today’s actions chart a new path forward. We look forward to engaging closely with the Commission to ensure that the framework it develops is workable not only for centralized intermediaries, but for the onchain protocols where the most significant perpetuals activity actually occurs.

[zoomer @zoomerfied]

[ ZOOMER ]

THE CFTC APPROVES PERPS TO OPERATE AND BE OFFERED TO US USERS: FILING

[Ex Milo @_0xMilo]

@xau_trader77 @davernandez Looking at your profile, I see you’ve bought CZ’s pump and dump, Aster. I hope you’re doing well. No need to hate here mate.

[Ex Milo @_0xMilo]

@LowBeta

[Zach Pandl @LowBeta]

It is time $HYPE