dng

LDN/NYC/SF. @Columbia_Biz. Evercore. Professional degen.

[dng @dnggen]

Crypto. M&A. DMs are open

[Mippo 🟪 @MikeIppolito_]

Consolidation is THE word of 2026 for crypto.

M&A activity has long been predicted, but never materialized until today.

Almost every mature sector is dominated by subscale businesses.

The quantity of offerings and high multiples from 2021 has made it difficult for winners to emerge or command real pricing power.

That is changing in real time.

Expect consolidation in data, DeFi, L1s, and onchain infra similar to what custodians / PBs went through last cycle.

The winners that emerge will be generational, the future is bright.

[dng @dnggen]

Crypto bros (never had a finance job) commenting on IPOs. Stop it

[dng @dnggen]

Said it before said it again.

Stocks down, crypto down more.

Stocks up, crypto down.

Thankless industry which has become overrun with schmucks.

[Watcher.Guru @WatcherGuru]

JUST IN: $200,000,000,000 wiped out from the crypto market cap in the past 24 hours.

[dng @dnggen]

Paradigm shift

[Adam Tooze @adam_tooze]

Nvidia really isn’t a second Cisco. More featured on today's Chartbook Top Links in the comment below.

[dng @dnggen]

@Polymarket No shit

[dng @dnggen]

People realizing there is a ridiculous opportunity cost + vibes in crypto being completely demolished with non crypto native larps / suits

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Bitcoin falls below $66,000 for the first time since April 2nd.

[dng @dnggen]

All in $DRAM and $SOXX , and find out (FAFO)

[Bilaal- BD investing @bdinvestingg]

Everyone is focused on AI stocks... but look at the valuations.

• $SMH trades at 27.6x earnings
• $MAGS trades at 26.3x
• $IGV trades at 25.5x
• $DRAM $MU trades at just 8.3x

Despite huge gains, memory stocks remain dramatically cheaper than the rest of tech. The market is still pricing memory as cyclical, while AI demand is turning it into critical infrastructure.

If AI spending remains strong, memory stocks can continue flying.

[dng @dnggen]

@rektmando For the next decade? lol

[Evan @StockMKTNewz]

SK Hynix plans to double its memory chip capacity over the coming half-decade to help ease a global memory shortage - Bloomberg

[dng @dnggen]

SpaceX, OpenAI and Anthropic.

Shows how detached people in corporate/financial roles in tech in the UK / EU landscape are from what really matters. Different. Scale.

As someone who actively chose to leave the UK.

[Charlie Bilello @charliebilello]

Last 10 Years
NVIDIA $NVDA: +19,430%
Bitcoin $BTC: +12,736%
$AMD: +11,415%
Tesla $TSLA: +2,741%
Apple $AAPL: +1,268%
Google $GOOGL: +914%
Microsoft $MSFT: +886%
Netflix $NFLX: +746%
Amazon $AMZN: +628%
Meta: $META: +410%
S&P 500 $SPY: +325%
Gold $GLD: +255%
US Inflation: +39%

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US technology sector has rallied +42% over the last 2 months, the largest 2-month gain in 24 years.

This also marks the 2nd-strongest rally this century, surpassing even the +40% gain seen during the 2000 Dot-Com Bubble.

The surge has been largely fueled by chip stocks, with the Semiconductor Index, $SOX, rising +66% over the same period.

By comparison, the S&P 500 is up +16% while the Dow is up +10% over the same time period.

Meanwhile, the S&P 500 is up +20% since the March 30th low, with the top 10 stocks contributing ~65% of the index's gains.

Half of the top 10 contributors were semiconductor stocks.

The AI trade is hotter than ever.

[Shanu Mathew @ShanuMathew93]

Yes, Memory has grown to nearly two-thirds of AI chip component costs

[dng @dnggen]

$DRAM and chill. Already outperform crypto

Something about skate where the puck is going

The PA and personnel currently in crypto made me realise better to make money and invest in opportunities then bet on a thankless industry

[Daniel Romero @HyperTechInvest]

This is actually so bullish

Memory demand will 10x to 20x by 2030

$MU, SK Hynix, and Samsung will only 2x or 3x capacity

With the inputs we have, there’s no realistic scenario, at the moment, where memory prices decrease

[dng @dnggen]

lol “consider investing”

[Roundhill Investments @roundhill]

SK Hynix, Samsung, and Micron combined sales were below $350 billion for nearly two decades. Then AI happened. Sales are estimated to hit $799 billion in 2026 and are projected to cross $1 trillion in 2027. Consider investing in the Roundhill Memory ETF $DRAM: https://t.co/EcDjUp3G1y

[dng @dnggen]

Truly exciting time for the public markets. Imagine not being aligned to the Tech sector

[Restructuring__ @Restructuring__]

SpaceX IPO

“I can’t think of a more consequential IPO in my lifetime,” said Owen Lamont, a portfolio manager at Acadian Asset Management.

“If it goes well, it could usher in a wave of issuance and unfettered market euphoria,” Lamont said. “If it goes poorly, it could shut the door for OpenAI and Anthropic.”

Breaking the rules to get included in indexes

Pretty amazing how retail investors not only do not get to participate in the value creation as companies go public much later, but are also forced to buy at ridiculous valuations

[dng @dnggen]

When people in crypto are divided amongst speculating on a few alts eg hyperliquid:native and NFT akin TCG…

Yet missing an actual rally backed by fundamentals with the ever evolving AI trade it’s hard not to feel comfy

Actual reward for minuscule “risk” given what we are used to

[dng @dnggen]

Monkey see, monkey do $DRAM

TLDR AI demand for CPU not going away means memory trade still on and DRAM clean way to play it

Getting actual exposure to Samsung and SK is actually cumbersome. Clean ETF is so nice to play narrative

[Teng Yan @tengyanAI]

https://t.co/SiYxdIn6ju