blockproof.

Consulting-led value creation partner that designs, sharpens and scales businesses at early and growth inflection points.

[blockproof. @blockproofco]

😆

[Matt Margolis @ItsMattsLaw]

IRAN WAR SETTLEMENT (v43)_Final(v6)_FINAL (5.26.2026)(v36)USE THIS VERSION(6.4.2026)(v4)

[blockproof. @blockproofco]

@TradeWithSpike @CastilloTrading The uppiest summer chop

[blockproof. @blockproofco]

Bagholder-Palooza

[Hedgeye @Hedgeye]

Rule changes for the SpaceX $SPCX IPO:

Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.

This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.

Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.

Russell 1000 and Nasdaq 100 funds will absorb 24%.

The rules built to protect passive investors:

1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.

2. Nasdaq cut its inclusion window from 90 trading days to 15.

3. FTSE Russell cut its to 5.

All three benchmarks are now structured to buy SpaceX at IPO pricing.

[blockproof. @blockproofco]

@TradeWithSpike

[JTheretohelp1 @JTheretohelp1]

"Call chasing remains huge. The percentage of stocks trading with inverted skew has exploded lately. These types of options-driven melt-ups can become incredibly powerful on the way up, but also increasingly fragile once momentum finally stalls."-The Market Ear

Source: CBOE

[*Walter Bloomberg @DeItaone]

IRAN–U.S. DEAL REPORTEDLY BLOCKED AT TOP LEVELS

A source cited by i24NEWS claims that while an agreement was reached between Iranian negotiator Araghchi and the U.S. team led by Witkoff, it has not been approved by Iran’s senior leadership.

According to the report, Mojtaba Khamenei did not give approval, which may also be a factor in why President Trump has not given final consent.

[blockproof. @blockproofco]

@HodlMagoo @TXMCtrades Based 🤝

[blockproof. @blockproofco]

Genuine question:

Whats the “95%”?

Open Strait of Hormuz and Get the nuclear material turned over is like…. EVERYTHING

[Scott Jennings @ScottJenningsKY]

🚨After receiving a briefing from a Senior TRUMP Administration Official on the status of the Iran negotiations (someone in the know & not just speculating), I can tell you the following:

-USA IS NOT GIVING IRANIANS MONEY FOR NOTHING. All speculation and propaganda to the contrary is false. Some hardline elements of Iran’s govt (IRGC) have pushed fake stories & propaganda to try to kill this negotiation.

-Iran deal is NOT done (95%, but still haggling over some language). No deal being signed today. May be a few more days before this is done.

-Iran will NOT get any money or sanctions relief up front.

-Iran must turn over nuclear stockpile to get anything. USA position is that failure to meet deal commitments means Iran gets nothing.

-Long term USA objective is preventing Iran from having nuclear weapon.

-Initial deal point is to re-establish free flow of commerce by reopening Strait of Hormuz.

Deal should have 2 phases:

Step 1 - Open Strait of Hormuz. Give world economy breathing room. Iran agrees to give up enriched uranium.

Step 2 - Get the nuclear material turned over. Only then can Iran get sanctions relief.

Bottom line: goal is to make a deal that lowers costs for Americans, calms world energy markets, and guarantees that Iranians cannot have a nuclear weapon over the long term. We aren’t there yet. Iran takes forever to get you a response on even small things. But we are close although it still could be a few days.

“If we get what we are demanding, this is going to be a historic deal,” SAO says.

SAO sounds prepared to do no deal at all if all Iran will do is a “bad deal.” SAO admits deal could fall apart yet. But if a deal is reached, SAO expects very senior USA admin officials to take part in a signing ceremony of some sort.

Iran has agreed in principle to the framework but there are still a couple points USA isn’t satisfied with. 95% done. But literally changing words sometimes requires days in Iran’s system. Haggling over language. But USA feels like we have a commitment on nuclear stockpile and on opening Strait of Hormuz.

If IRAN doesn’t deliver on commitments, they get nothing.

“Iran’s ability to project power is a lot more limited than it was two months ago,” SAO says. “Their industrial base for building ballistic missiles has been substantially destroyed.”

[blockproof. @blockproofco]

@TradeWithSpike @7thkeyfinancial @JTheretohelp1

[blockproof. @blockproofco]

Pretty much

[Mr. VIX @yieldsearcher]

The past 24 hrs was an IQ test.

If you really thought the US was desperate to surrender the SoH to Iran when the stock market is at ATH, dollar squeeze is working out to its advantage, and we still have multiple carriers in the theater to escalate if we choose, you NGMI.

[blockproof. @blockproofco]

Pure theatre, and worth questioning whether there ever was a viable framework to begin with. 🤦🏼‍♂️

[*Walter Bloomberg @DeItaone]

TRUMP ON IRAN DEAL: BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT UNTIL AN AGREEMENT IS REACHED, CERTIFIED, AND SIGNED

[blockproof. @blockproofco]

@hunt2711 Lol

[Consensus Media @ConsensusGurus]

*IRAN DEAL WILL INCLUDE US SOYBEAN PURCHASES: WJS

[blockproof. @blockproofco]

Good luck figuring out which propaganda machine is nearer the truth.

[The Hormuz Letter @HormuzLetter]

BREAKING: Iran directly rejects Trump's claim that Hormuz "will be opened" as part of a "largely negotiated" agreement he just posted on Truth Social, saying Trump's claim is "far from the truth" and that Hormuz "will remain under Iranian management" with Iran retaining exclusive permanent authority over route, timing, method, and permits, per Fars.

Iran also confirms the nuclear file has not been discussed and that American officials themselves have told Iran in multiple messages that "Trump's tweets are primarily for domestic American propaganda and media consumption" and "should be disregarded." The "largely negotiated" deal claim therefore has no basis.

[blockproof. @blockproofco]

Markets are closed for 3day wknd, so literally noone cares. Thanks for holding on to that story til a/h axios. 🤡

[Axios @axios]

NEW: Trump convened a meeting with his senior national security team on the war with Iran this morning.

He is seriously considering launching new strikes against Iran barring a last-minute breakthrough in negotiations, sources say. https://t.co/dN7UuWUcGe

[Hedgie @HedgieMarkets]

🦔Microsoft canceled its internal Claude Code licenses this week after token-based billing made the cost untenable, even for a company with effectively infinite cloud resources. Uber's CTO sent an internal memo warning the company burned through its entire 2026 AI budget in just four months. American AI software prices have jumped 20% to 37%, and GitHub (owned by Microsoft) is dropping flat-rate plans for usage-based billing across its products.

My Take
The AI subsidy era is ending in real time. The same company that put $13 billion into OpenAI and built the Azure infrastructure powering most of Anthropic's compute just looked at the bill from a competitor's coding tool and decided it was not worth paying. That is not a productivity failure on Anthropic's end. Token-based pricing is forcing every enterprise customer to confront the actual cost of running these models at scale, and the number turns out to be far higher than the flat-rate experiments suggested.

This ties directly to my Gemini Flash post yesterday. Anthropic, OpenAI, and Google all raised effective prices in the last six months. Enterprises that built workflows assuming AI costs would keep falling are now watching annual budgets evaporate in months. Two outcomes look likely from here. Either enterprises scale back AI usage to fit budgets, which slows the revenue ramp the labs need to justify their valuations ahead of IPOs, or the labs cut prices and absorb the losses, which makes the unit economics worse at exactly the wrong moment. Both paths land in the same place, the numbers stop working, and somebody has to take the writedown.

Hedgie🤗

[blockproof. @blockproofco]

Lol

[*Walter Bloomberg @DeItaone]

POSSIBLE WASHINGTON–TEHRAN DEAL NEARS FINALIZATION

Work is underway to finalize the text of a Washington–Tehran agreement, according to Al Hadath sources, with negotiations reportedly advancing in earnest.

Sources say a final deal could be announced within hours if Pakistan’s army chief does not travel to Iran, suggesting key diplomatic steps are nearing completion.

[blockproof. @blockproofco]

@TradeWithSpike We like single names like $CRM to catch a relief bid too. 🤙🏽