deeppee

the ordinary crypto slave 24/7/365

[deeppee @deeppeeXYZ]

aped a little to this casino

[deeppee @deeppeeXYZ]

to avoid moralfagging, moved from pure Cursor to VS Code + OpenRouter + Qwen

feels much better.

[deeppee @deeppeeXYZ]

@MicroStrategy preferred stock ethereum:0x1aad217b8f78dba5e6693460e8470f8b1a3977f3 has almost recovered to its target price and is trading at $95. I wouldn’t call this a depeg, because the link to $100 here is only for dividends and doesn’t apply to the market price. And the dividends are fine - they’re paid on the fixed $100 stated amount, as designed. Buyers who got in cheaper just get a higher effective yield.

But even that $5 gap is a problem for Strategy, and a meaningful one. Even though this isn’t their only funding source, it’s an important one. To raise capital through it, they need to do a follow-on issuance. In practice that usually works like this: the new STRC batch is placed through an underwriter around the market price. So at $95, placing a new batch at $100 is basically not workable, and they’d have to issue at a discount. Formally that’s possible, but it’s not a great precedent. And how to fix this isn’t very clear: the market would need to keep buying for quite a while, and large holders and speculators who bought at $75–90 would need not to sell.

So getting back to $100 isn’t an image move or a whim. It’s a fundamental requirement for the strategy to function properly.

There are a few alternatives: raise the coupon and buy back the stock themselves, which is what Strategy has been doing over the past few months. So the question is whether next week we’ll see another 8-K with sales of BTC and/or MSTR to fund STRC buybacks / the reserve. For me, the probability of that is definitely not zero.

[deeppee @deeppeeXYZ]

@commonsmade Hey @commonsmade I vouch for @valhist

[deeppee @deeppeeXYZ]

ribbita-by-virtuals:native community NFT collection GRIBBITS is sitting at a 930 ETH floor, a lit bit over $2M

the collection for a token with a $250M CMC
the collection of token which is connected to @RibbitCapital and NODE - guys owning the IP rights to CryptoPunks
the most devoted, most principled holders out there

two freaking million
the market is obviously wrong

[deeppee @deeppeeXYZ]

Sat with the SEC doc and realized I had ribbita-by-virtuals:native slightly wrong.

Fair launch + no public promises = no investment contract.
No contract = no safe harbor, no SEC forms, no restriction phase.

The rule isn’t “don’t build.” Build all you want in stealth. The issue is whether you create an investment contract in the first place - explicit promises, fundraising, profit expectation tied to managerial efforts.

Stay quiet helps. But substance matters too.

When the network or app or something is actually live, functional, and without a central party, the token can move from meme to commodity on its own.
No safe harbor needed.

That’s the cleaner Path 2. Puzzle finally clicks.

[deeppee @deeppeeXYZ]

If you're in this market and you don't buy this, what exactly are you buying?

[deeppee @deeppeeXYZ]

ribbita-by-virtuals:native
one year in review @ribbita2012
For those who've been watching, and those still deciding whether to look closer

[deeppee @deeppeeXYZ]

One critical detail: SEC requires no central party for Digital Commodity status. That's why @RibbitCapital thesis revolves around the AAC - Autonomous Agentic Company, so that Ribbit Capital itself stops being the central party. And the fair launch of ribbita-by-virtuals:native with no ICO, no investor allocations, no promises, no tokenomics is the only way to satisfy that requirement from the very first block.

[deeppee @deeppeeXYZ]

@DarthCryptoX @RibbitCapital @ribbita2012 @mickymalka lol there is no any connection between this shiti meme an Ribbit Capital

[deeppee @deeppeeXYZ]

@CoinbaseMarkets $FIGHT

[MattleFun @mattlefun]

Seeker Airdrop is Live!

We’re thrilled to announce a special airdrop for @solanamobile users.

All Seeker wallets are eligible to claim up to 2,000 $MATTLE + 300,000 Mattle Points.

Drop your .skr wallet below and follow the simple steps 👇

[deeppee @deeppeeXYZ]

@Flynn_howitt @mickymalka Sad to see so many braindead people like topickstarter among Tibbir holders