bthEx

Cogito ergo sum

[Adam @abetrade]

I did write-up of one of them in the past which is along other six included in the performance above, when I have some time I will do the full writeup of things you can run that pretty easy with reasoning also why they work etc.

I have been also thinking about running either the crypto leg public in vault or giving the access to this in other way since these are not any inefficiencies or low timeframe alpha that gets arbed away.

https://t.co/kQOrrnb8Bg

[TheKingfisher @kingfisher_btc]

Inverse Capo

[Restoring Your Faith in Humanity @HumanityChad]

She's been holding that laugh in since World War II 😂

[Odablock @Odablock]

I get cold really fast, and I play much better when I'm fully warmed up and sweating, so I decided to buy a $200 heated jacket

[Bull Theory @BullTheoryio]

BREAKING: $STRC just hit at $85.32, its lowest level ever.

It could force Strategy to sell more Bitcoin.

STRC is Strategy's preferred stock that pays an 11.5% annual dividend. When it trades below its $100 par value, the market is signaling that the yield is not high enough.

To bring STRC back to its peg, Strategy would need to raise that dividend rate.

But raising the dividend rate means a higher annual cash obligation. Strategy is currently funding that cash by selling MSTR shares.

The problem is MSTR's NAV premium has compressed close to 1x, meaning there is almost no room left to dilute further.

That could force them to look at this option. SELL BITCOIN.

Strategy also responded directly to these concerns. According to their latest 8-K filed June 15, their $55 billion Bitcoin reserve covers $1.7 billion in annual dividends and interest expenses for 32 years. Bitcoin only needs to appreciate 3.1% per year for them to break even on that obligation.

On paper, the cushion looks significant. But STRC is still trading at $86, $14 below its $100 par value. The market is not convinced yet.

When Strategy sold just $2 million worth of Bitcoin last time, the price dropped 20%. If Strategy is forced into becoming a consistent seller, the impact on Bitcoin would be significant.

Strategy has been the single largest institutional Bitcoin buyer in the world. The data says they have 32 years of runway. The market is still pricing STRC at a discount.

[Yulia Pobegailova @Y_Pobegailova]

Iran has now published its version of the US-Iran memorandum of understanding through the official IRNA news agency.

The two texts are largely identical, but there are some differences in wording and emphasis:

• Title:
🇮🇷 “Islamabad Memorandum of Understanding on ending the imposed war by the United States and the Zionist regime against Iran.”
🇺🇸 “Memorandum of Understanding Between the United States of America and the Islamic Republic of Iran.”

• Paragraph 1 (Lebanon):
🇮🇷 parties will “guarantee” Lebanon’s sovereignty and territorial integrity.
🇺🇸 parties will “respect” Lebanon’s sovereignty and territorial integrity.

• Paragraph 4 (shipping):
🇮🇷 vessel traffic shall be maintained at levels proportional to pre-war traffic volumes, “as determined by the Islamic Republic of Iran.”
🇺🇸 vessel traffic shall be progressively restored toward pre-war levels.

• Paragraph 5 (Strait of Hormuz):
🇮🇷 says it will discuss the future administration of the strait with Oman and “consult” other Gulf states.
🇺🇸 says Iran will engage with Oman and other Gulf littoral states.

• Paragraph 8 (nuclear):
🇮🇷 Iran will not “produce or acquire” nuclear weapons.
🇺🇸 Iran will not “procure or develop” nuclear weapons.
The Iranian text also refers to Iran’s “nuclear needs.” 

• Paragraph 10 (oil exports):
🇮🇷 crude oil, “petrochemical” products and derivatives.
🇺🇸 crude oil, “petroleum” products and derivatives.
“Petrochemical products” is broader and includes chemicals and industrial feedstocks beyond refined fuels.

[Ayesha @ayeshatravel]

houses should look like this...

[Mr. Anderson @Truecrypto]

It might take 1 year.

It might take 2 years.

It might take 3 years.

But eventually, you’re going to make it.

And once you do, it won’t matter if it took 4 or 5.

Nobody cares how long it took once the story finally works.

So whatever you do…

Don’t quit.

[The Kobeissi Letter @KobeissiLetter]

The market is dropping in response to the Fed's first meeting with Kevin Warsh as Fed Chair for one key reason:

We will have far less information going forward.

During the press conference today, Fed Chair Warsh announced that the Fed has "dropped" forward guidance.

He even hinted that the "dot plot" could be changed or eliminated along with all forms of Fed communication, such as the policy statement and press conferences.

In other words, the market will now have less Fed outlook which means more uncertainty.

On top of this, the five new "task forces" established by Warsh were said to have grand objectives with minimal guidance on what to expect.

As markets have repeatedly proven, uncertainty and volatility go hand-in-hand.

The new era of Fed policy will come with more volatility.

[The Kobeissi Letter @KobeissiLetter]

China's EV revolution is accelerating:

Chinese public EV charging volumes surged 69% YoY, to a record ~10.5 billion kWh in April.

This measures the total electricity consumed through public charging networks.

Charging volumes have doubled since early 2025 and have quadrupled since 2023.

This comes as rising gasoline and diesel prices have further supported China's ongoing transition toward electric vehicles.

Meanwhile, ~25% of all vehicles on Chinese highways during the May Day holidays were electric or hybrid, up +33% YoY.

China's EV adoption is gaining momentum.

[𝗧𝗶𝗺𝗲𝗹𝗲𝘀𝘀 𝗠𝘂𝘀𝗶𝗰 ✨🎵 @Hoang_HQ]

That’s a heart warming story. True angel on earth.

[Science girl @sciencegirl]

A landscape that feels like another world

Mangystau, Kazakhstan

📹 tynchtykmr

[Interesting things @awkwardgoogle]

Life was simpler when this was entertainment

[Art of Life 🦋 @Art0fLife_]

Your future depends on what you do in silence when no one is watching.

[Restoring Your Faith in Humanity @HumanityChad]

Just a family of lil' stinkers swinging by to say hi!

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US has released the full text of its 14-point "Memorandum of Understanding" with Iran.

Key terms include:

1. The US, Iran, and their allies agree to immediately and permanently end military operations on all fronts, including in Lebanon

2. The US and Iran agree to respect each other's sovereignty and territorial integrity and not interfere in each other's internal affairs

3. The US and Iran commit to negotiating and reaching a final deal within 60 days, unless mutually extended

4. The US will begin removing its naval blockade immediately and fully end the blockade within 30 days

5. Iran will use its best efforts to ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days with no charge

6. The US and regional partners will develop a mutually agreed plan of at least $300 billion for Iran's reconstruction and economic development

7. The US will work toward terminating all types of sanctions against Iran, including UN, IAEA, primary, and secondary sanctions

8. Iran reaffirms that it will not procure or develop nuclear weapons and agrees to address its enriched material stockpile under IAEA supervision

9. Until a final deal is reached, Iran will maintain the current status quo of its nuclear program, while the US will impose no new sanctions and deploy no additional forces

10. The US Treasury will issue waivers for Iranian crude oil, petroleum products, derivatives, and associated banking, insurance, and transportation services

11. The US will make frozen or restricted Iranian funds and assets fully available for use

12. The US and Iran will establish an executive mechanism to monitor implementation of the MOU and future compliance with the final deal

13. After signing the MOU and implementing key ceasefire, blockade, shipping, oil waiver, and asset-release provisions, the US and Iran will begin final deal negotiations

14. The final deal will be endorsed by a binding UN Security Council resolution

The memorandum will trigger a 60-day window to negotiate a final deal.

[Autism Capital 🧩 @AutismCapital]

This was AAA gaming in the 2000s. Still better than any new game put out today. IGN would have probably given it a 6.

[IT Tech @IT_Tech_PL]

$BTC broke above 67K. Futures traders built the ramp. Spot buyers stayed home.

What moved:
• Perp CVD climbed +1.32B since the breakout - pure leverage expansion
• Spot CVD sitting at 11.81M, down from 100M at recent highs - capital is exiting, not entering
• Funding rate: 0.0026%, longs now paying to hold - cost of carry is back
• Coinbase Premium: -0.07% - US spot flow remains absent
• Book depth: -224.71 spot / -678.82 perp - bid stacks are thin on both sides

This is a perp-driven squeeze with no organic spot confirmation underneath. When futures unwind, there's no floor. ⚠️

[Historic Vids @historyinmemes]

In Supernatural, Dean initially mocks Sam for drinking “vegetable water,” but after taking a sip himself, he quickly changes his tune and responds in typical big-brother fashion.

[The Kobeissi Letter @KobeissiLetter]

BREAKING; The Bank of Japan officially hikes interest rates to the highest level since 1995 amid rising inflation.