ched

Internet Money Maxi

[Serenity @aleabitoreddit]

"At dawn begins an economic D-Day,

The single greatest financial offensive ​ever marshalled against an adversary", per Bessent in FT.

The US would target nations that engage with Iran's economy and financial system. Press conference is today 1 PM ET.

Not quite sure markets would appreciate this, but we'll see.

[Mario Nawfal @MarioNawfal]

Virginia Giuaffre's Family to Ghislaine Maxwell: 'You deserve to spend the rest of your life in a jail cell'

"Trapped in a cage forever just like you trapped your victims.

You were not a bystander, you were a central, deliberate actor in a system built to find children, isolate them, groom them, and deliver them to abuse."

Virginia, one of the bravest voices against Epstein and his enablers, died by suicide last April after carrying unimaginable pain.

How many more survivors and families are still waiting for accountability?

[Aporia @0xaporia]

When applied to alts, buy-and-hold transforms into something fundamentally different. People think they're doing buy-and-hold like they would with equities. They're not. In equities, buy-and-hold means you're participating in underlying business growth, cash flows, all that boomer stuff, etc. In altcoins, buy-and-hold means you're averaging down into declining positions, fighting the current trend, and betting on a reversal that the chart has given you absolutely no reason to expect.

You think you're doing buy-and-hold, but you're actually a trend trader who isn't following trends but trying to anticipate them. Trend following on altcoins is already challenging, but trend anticipation is exponentially worse in every imaginable regard. You're making an incredibly ambitious bet: you're betting not only that this specific coin will eventually set up a valid trend entry signal, but also that it will actually follow through with a sustained trend.

This is essentially betting that two unlikely events will both occur, in sequence, on an asset class that seems specifically designed to punish this exact approach. Most trend-following signals fail anyway; getting chopped up in false starts is the norm, not the exception. So you're stacking low-probability events on top of each other, which makes it one of the worst risk-adjusted strategies imaginable.

[Shanaka Anslem Perera ⚡ @shanaka86]

Love the honesty, Chris. My read is as follows..

• Friday was a VaR shock, not a cycle top. Basis/funding/OI all got reset → leverage washed out, new upside will need spot demand, not perps.

• The marginal bid has changed: US spot ETFs + corporate/sovereign treasuries + stablecoin net-mints. Those flows are rate-of-change driven by liquidity (bank reserves↑/QT fade, TGA drawdowns) rather than degen leverage. Supply (miners/unlocks) is flat; slow money scales with time.

• Regime check: gold ripping + bull-steepening = fiscal dominance/reflation. In that regime BTC sells off faster on shocks but rebounds harder as a hedge to fiat duration.

• Market-structure map:
– Reclaim $100k on spot-led volume and positive basis → trend systems/ETF creations re-engage.
– Lose $85–80k with funding <0 → we likely tag your $75k zone where negative gamma flips, forced sellers exhaust, and ETF creations historically run multiples of new issuance.

Plan would be to let vol bleed, watch funding/basis and stablecoin net-issuance; get loud only when spot leads again. If not, I’m with you .. reload at $75k where the structural bid should be waiting.

[Chris Burniske @cburniske]

Increasingly convinced last Friday's massacre broke crypto for a while - hard to quickly develop a sustained bid, after such a meltdown. This cycle has been disappointing for most, which can paralyze action as people hope for bluer skies, or former ATHs. It's easy to get caught up in chart minutiae, but when looking at $BTC and $ETH in linear monthly (see below), it reveals *we're still in the elevated range* (although showing cracks), if you're thinking of taking profits. $MSTR is slipping, gold is sending a warning, as are credit markets, and stocks will be the last to get the message. We can always get another weak bounce, but I've taken action accordingly (remember, it's never all or nothing when raising cash). I want to see how $BTC responds to $100K, but will likely get interested in the market again when I see $BTC $75K or lower. This bull was different, and the next bear will be different too.

[ched @dankched]

diabolical

[Stani @StaniKulechov]

The Bank of England is proposing a cap on individual stablecoin holdings, limiting ownership to just £10,000–£20,000 per person in the name of “systemic risk.”

This is absurd, and we need to push back against this kind of regulation. Stablecoins issued onchain do not pose greater risks than traditional electronic money issued on more fragile electronic databases.

https://t.co/wYB1bCBUBd

[ye @kanyewest]

YEEZY MONEY IS HERE

A NEW ECONOMY, BUILT ON CHAIN

https://t.co/DujlDYmRnL

[Treasury Secretary Scott Bessent @SecScottBessent]

Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.

In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the “Bitcoin superpower of the world.”

[Chris Burniske @cburniske]

Aiming for an October top in BTC, if I were to pick numbers, which we all know is a grade above guessing, I'd say $BTC $142,690, $ETH $6900-8K, $SOL ~$420.

NFA, it's a meme world we live in ¯\_(ツ)_/¯

[ched @dankched]

@vladtenev with the chalkboard out is pretty baller

[ched @dankched]

HUGE

[Robinhood @RobinhoodApp]

Perpetuals have landed.

Crypto Perpetual Futures are starting to roll out to European Union customers.

#RobinhoodPresents https://t.co/g2tVe85G4W

[ched @dankched]

$BTC
Choppy start to Q3, accumulate 95-100k

[ched @dankched]

Hyperliquid

[Cointelegraph @Cointelegraph]

🇺🇸 LATEST: Nasdaq-listed Eyenovia raises $50M to launch $HYPE token treasury strategy, becoming the first US public company to hold $HYPE in treasury.

[ched @dankched]

This is HUGE

[Base @base]

J.P. Morgan is bringing banking onchain.

Kinexys by @jpmorgan is launching JPMD, a USD deposit token for institutional clients, on Base.

It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties.

[ched @dankched]

hyperliquid

[ched @dankched]

*is

Still a 2x-3x pump in it remaining

[salty @notsxlty]

$HYPE was the coin of the cycle

[ched @dankched]

Interesting

[Andy @andyyy]

Spoke to a liquid portfolio manager of a large T1 fund recently about the upcoming secular altcoin bull run...his view may shock you:

1. The obvious reality is there is an outsized supply of tokens on the market which have launched in the last 18 months compared to the demand for these tokens. Hence, why there are many 'down only' charts across new tokens. This is unlikely to change without a broader macro shift with lower rates, better liquidity, and more risk-taking behavior from the market as a whole.

2. More interestingly, and perhaps less obvious, there is a new way for the total 'altcoin' marketcap to increase significantly without your favorite coins pumping. I know, not what you wanted to hear. This could happen via tokenized equity. Imagine if, for example, OnlyFans launched a token to exit their business rather than looking for the current exit they are after. There are many businesses which could tokenize their equity as an tokenized IPO rather than the traditional route. This is a new surface area for market capitalization increase which hasn't previously happened.

3. The other way is the actual tokenization of many other assets onchain, stocks bonds and the rest. This is already happening and will continue to add to the non-Bitcoin market cap of crypto assets.

As a holder of different alts and investor in 50+ deals over the last two years, this wasn't the outlook I wanted to hear but it seems to be more realistic than a broad "alt season" even though I still think its very possible given a better macro environment.

[ched @dankched]

Great thread. Pump charging its way to memeverse supremacy.

[Mippo 🟪 @MikeIppolito_]

So now the question is, can Pump successfully hold onto the market share they have with creators in the launchpad space and build market share with traders on the AMM?

[ched @dankched]

Hyperliquid

[Ryan Watkins @RyanWatkins_]

I still don’t think people understand how special Hyperliquid is — $1B of annual income at 97% margins legitimately doesn’t exist in the S&amp;P 500 or Nasdaq.

$HYPE is one of the most efficient cash flow machines in the world.

[Ben Pasternak @pasternak]

The past few days have been wild — and I’m incredibly grateful for the energy behind our vision.

We’ve seen a surge of interest from founders, but we’re going to pause on featuring new projects for now to focus on supporting the ones already building. Our priority is making sure they have the tools and resources they need to succeed.

Believe in something.