ilya

nfa

[ilya @cocombria]

wow i guess that long equities & short crypto guy was indeed right

[CryptoCondom @crypto_condom]

-CLARITY now unlikely to pass next month
-Iran deal isnt real
-Saylor is selling with STRC + MSTR below nav and Saylor's $2b cash buffer is 70% gone on buy backs
-Coinbase premium is grossly negative
-Equities will continue to absorb liquidity from crypto markets as AI/robotics/Space are more exciting than crypto atm

[ilya @cocombria]

@garri_g not your average research, but social graph focused research!

[garri @garri_g]

https://t.co/4MV3JRCwrB

[ilya @cocombria]

umm wtf is happening with dell lol

[ilya @cocombria]

@zeroxkyle and non-luxury too btw

[ilya @cocombria]

@drews888 55-50 good punts

[ilya @cocombria]

it's kinda much easier to manage portfolio with ai tbh
i still don't understand how people fully delegate idea generation to gpt/claude/codex whatever, seems like magic to me
but booking and formatting trades for evaaluation/research is so easy now

[drews @drews888]

Getting mogged by the Solana mid-tier manager was the worst 15 minutes of my life.

[sgp @stogolp]

my long term thesis has been invalidated on this 1 hour candle.

[AT&T @ATT]

Bungulators,

I have claimed AT&T and it is ours now.

[Warhorse Studios @WarhorseStudios]

You might have heard the rumours, it's time to reveal what we are working on.

🗺️ An open world Middle-earth RPG.
⚔️ A new Kingdom Come adventure.

We’re excited to tell you more when the time is right.

#WarhorseStudios #Annoucement #lotr #KingdomComeDeliverance

[Cred @CryptoCred]

I spent three weeks using frontier LLMs and swarms of agents to build a full stack, autonomous, agentic trading companion.

It synthesised cross-exchange pricing dislocations, anomalous derivatives footprints, funding rate arbitrage opportunities, news feeds with impact and directional signals, a trade screener that ranks trend, momentum, and mean reversion factors into actionable setups, and a dynamic rebalancing agentic risk manager to monitor and adjust my exposure.

Did it work?

No - Claude hallucinated the entire thing and I still don't know how to connect to exchange APIs.

But it was glorious.

[merp @0xMerp]

When you realize that portfolio margin just got enabled for bigger accounts and everybody is selling their hypes to chase or pay for liquidations and you realize why Loracle (goated) hasn’t closed his 8 fig HYPE short yet

[alex @octralex]

Wife heard Palantir, Anduril and Erebor are a thing now, and got me a boxed LOTR collector set for birthday (I've never read it).

[Hedgie @HedgieMarkets]

(I recommend reading this for anyone currently invested in the market or interested in learning what's going on)

🦔$2.6 trillion in S&P 500 call options traded in a single session yesterday, the highest single-day notional volume in the history of the index. The chart above shows what that growth curve actually looks like, with daily call volume sitting under $200 billion as recently as 2019 and now running at multiples of that on a regular basis. The combination of zero-day-to-expiration options, retail platforms that gamified options trading, and algorithmic market makers running delta-neutral books has turned the largest equity index in the world into something closer to a leveraged casino than a price discovery mechanism.

My Take
I want to walk through what is actually happening here because most retail traders chasing these calls do not understand the machinery on the other side of their trades. When you buy a call option, a market maker like Citadel or Jane Street sells it to you and then buys the underlying stock to hedge their exposure. As the stock price rises, they buy more shares to stay neutral, which pushes the price higher, which pulls in more retail call buyers, which forces more hedging. This is called a gamma squeeze, and it works in both directions. The same mechanic that drives prices up violently can pull them down even faster when the flow reverses, which is why these moves tend to end in sharp drawdowns rather than gentle corrections.

The piece that worries me as someone who covers this stuff is how much of this volume is concentrated in zero-day options that expire the same session. A retail trader buying a $5 call that expires at 4 PM is taking a position with leverage that would have required a margin account and a series-7 license twenty years ago, and the platforms now make it as easy as ordering takeout. Market makers love this volume because they make money on the spread regardless of direction, but the buyers on the other side are absorbing all the risk in a structure designed to extract pennies from them at scale. If you take nothing else from this post, understand that $2.6 trillion in daily call volume is not a sign the market is healthy, it is a sign that speculation has overwhelmed investment, and historically that pattern resolves in ways that hurt the people who came late to it. I am not telling anyone what to do with their money, but knowing how the machinery works is how you avoid being the exit liquidity for someone else's algorithm.

Hedgie🤗

[Max @banthebbc]

'Oi bruv, listen up innit, it’s ya boy Gazza Stevenson here, the one who made it big time back in the day. Yeah, I was that trader geezer, stackin’ mad P’s on the bond desk, livin’ the dream, flyin’ first class, birds everywhere, the full works...

But please bro, don’t even try it, yeah? I got rich but you never can do the same ‘cause I was a one-off, innit. Proper miracle, me. You lot? Nah. You’re stuck in the ends, scrapin’ by on zero-hour shifts, Universal Credit an’ dreams of a council flat upgrade. That’s just how it is now, bruv – the game’s rigged, the rich got all the ladders an’ you got the snakes. End of.

So what we gonna do about it? Tax the rich, that’s what! Hit ‘em where it hurts, take their yachts, their second gaffs in Marbella, their private jets – the lot. An’ while we’re at it, gimme some of that money too, yeah?

I mean, I’m one of the good ones now, ain’t I? I wrote the book, I do the talks, I’m on the telly tellin’ everyone how unfair it all is. But I still gotta eat, bruv. I still gotta keep the wolf from the door, keep the missus happy, keep the kids in private school so they don’t end up like you.

So bung us a tenner, or a grand, or whatever you can spare. Go on, means-test yourself, pay your bit. It’s for the greater good, innit. I’m tellin’ ya, if we don’t tax the rich proper – an’ by rich I mean anyone who’s got more than me right now – then you lot are proper screwed.

No hope, no future, just more Deliveroo gigs an’ Netflix on the electric that’s about to get cut off. But me? I’m the voice of the voiceless. I’m the one who escaped the matrix an’ came back to tell ya the door’s locked now...

So cough up, people. Donate to the cause. Subscribe to the channel. Buy the merch. Because we need to tax the rich… an’ I’m standin’ right ‘ere with me hand out, safe. You can’t make it like I did. I was special. You’re not. Simple as. Now gimme the money, bruv. For equality, yeah? For the kids. For the future. Please mate. Cheers Bro.'

[Ancient Philosophy🦉 @AncPhi]

@RichardDawkins Looks at the universe, sees no God.

Looks at a midwit opinion generator, thinks it's conscious.

[Hyperliquid News @HyperliquidNews]

In less than 6 hours, Hyperliquid surpassed @Polymarket trading volume on its sole HIP-4 pair, which is $BTC Up or Down on a daily basis.

Polymarket calculates volume in $ using shares, where 1 share traded = $1 in volume.
Therefore, 79,500 shares were traded on Polymarket compared to 89,253 on Hyperliquid.

[trade.xyz @tradexyz]

Introducing Pre-IPO Perpetuals (IPOP).

The weeks before an IPO are some of the most consequential in a company’s price history, and historically, the least observable. Private market quotes are stale and gated and Public markets haven’t started trading yet. Peak interest coincides with an absence of prices.

We’re introducing IPOP markets on XYZ to change that.