TOM LEE:
“IN CRYPTO, THE BEST YEARS ARE DEFINITELY AHEAD.
TODAY THERE ARE ONLY 4 MILLION BITCOIN WALLETS WITH $10,000 IN THEM.
THERE ARE 900 MILLION IRA AND BROKERAGE ACCOUNTS GLOBALLY WITH $10,000.
THAT'S A MARKET THAT'S 200X LARGER.”
The ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 vs hyperliquid:native valuation gap is wild.
Lighter:
• ~39x smaller market cap
• only ~5.5x behind on perp volume
• only ~9x behind on revenue
• ~19% buyback yield vs HYPE’s ~5%
If these numbers hold, $LIT looks heavily undervalued relative to fundamentals.
JUST IN: @CMEGroup files its lawsuit against the @CFTC over the approval of crypto perpetual futures, with the CFTC calling the challenge "frivolous" and saying it looks forward to dismissing it.
🔥 LATEST: Fidelity has launched a government money market fund exclusively designed for stablecoin issuers to hold reserve assets in compliance with the GENIUS Act.
Banking on your phone used to sound crazy, and now everyone does it. Using AI agents to manage your financial life will follow a similar path.
Your agents can now connect to your Coinbase account. Trade, pay for services, and operate autonomously (within spending limits and guardrails that you set).
I think it’s time to revisit the accredited investor laws in the US.
Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.
These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!
We have to judge policies based on their outcomes, not on their intentions.
These are two possible routes I see:
1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.
2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.
@cyberprince_rwo Lmao duhhh it’s not dropping the ball when majority of ppl only know about hype and hype is in msnbc getting shilled wtf do u expect if you believe in ur thesis why do u care what happens today as opposed to 6 months from now u sounding desperate n i hate to see it
@SymoneBeez@RickySeeWorld It will still go to a million u guys are nuts. ATH’s sooner than you think I give eoy or first half of 27’ 150-250k. 1 mil will happen less than 10 years
JUST IN: 🇺🇸 Former President Joe Biden's son, Hunter Biden, says "fiat is a sham, the banking class is corrupt."
"Decentralized digital currency and the blockchain are the inevitable future."
Bitcoin sits at 10.2 million coins in a loss.
For reference:
10.7 million - 2018 Bear Market Capitulation Bottom
10.4 million - Covid Bottom
10.6 million - 2022 Bear Market Bottom / FTX Collapse