Dede

Join me as we explore the DeFi world.

Tweets are not financial advice.

[Dede @dede0x]

@alusi_aku This is usually how scammers pretending to be traders talk. Beware of this account.

[Dede @dede0x]

@SatoshiOwl Moon

[Dede @dede0x]

@odogwuluiz @OfficialBHAFC Wow. Dope stuff. Even Drury will learn from this.

[Bull Theory @BullTheoryio]

🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.

S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.

In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.

It started with the jobs report this morning.

The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.

On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.

The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.

Then the AI trade started cracking.

Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.

Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?

That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.

Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.

South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.

And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.

Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?

Underneath all of this, there is a liquidity problem nobody is talking about.

SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.

These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.

But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.

The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.

He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.

When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.

Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.

[Dede @dede0x]

@ConstantPolaris It's not just in Nigeria. Usually, high academic achievements often give people an inflated sense of intellectual superiority which blinds them to their own weaknesses and primitive biases.

That's why the academic community is the source of most stupid ideologies in the west.

[Dede @dede0x]

@WithoutHistory As a black man from Africa, I 100% disagree with this bullshit analysis. Totally disgraceful.

[Dede @dede0x]

@asherrkiinee PSG 3: Arsenal 1

[Dede @dede0x]

@higuruma_san @premierleague @ManUtd Would have been smashed already if not for the wasteful forwards United has.

[Dede @dede0x]

@ConstantPolaris Hundeyin's definition of Pan-Africanism is pro-jahidist terrorism and anti-western conspiracy.

He claims to be non-religious but we can all see that he is obviously a shiite extremist, at least in the political sense.

So shameful.

[Dede @dede0x]

It appears we are in the last days of the bull run of the US Stock market.

For months, the economic data has been signalling a possible tightening by the Feds. Now we are also seeing signals that herald bear markets appear on technical charts.

[Dede @dede0x]

@JMRaasch It's China bro. The guy isn't used to things not working.

[Dede @dede0x]

@framerjerry There's no trace of this story from any reputable news source. What's your evidence sir?

[Dede @dede0x]

@Jessseglee Somehow your colonised brain cannot imagine a "super developed" African nation.

[Dede @dede0x]

@eldivine These are the kinds of stories we need to talk more about.

[Dede @dede0x]

@Kojo_TN Is it me or are the girls all light skinned?

[Dede @dede0x]

@fwjordanz These wakandan characters are just over powered for no sensible reason. White guilt or patronising Africans?

[Dede @dede0x]

@winexviv It's people like you that make me proud to be a Nigerian. Keep up the good work, great man.

[Dede @dede0x]

@TRobinsonNewEra Wait, this video isn't AI generated?

This generation is cooked!

[Dede @dede0x]

@markessien Nice list.

Say this list gets to 10, does off-grid renewable energy and manufacturing automation get into the list?

[Dede @dede0x]

@KenRoth Neither Trump's government nor USAID owe us shit. This aid mindset is what allows corrupt leaders to thrive on this continent.

Our people have to hold their own leaders accountable.