G

[nicolas, 30 ans @nic_carter]

For the last five years, Canada has been gripped by a moral panic about the purported disappearance of indigenous children in their residential school system, initiated by the spurious discovery of apparent large scale “gravesites” in the apple orchard of the Kamloops school in BC, where radar showed 215 “anomalies” interpreted as unmarked graves of disappeared children.

Of course, no such graves existed. No remains were found. No matter. The entire Canadian establishment reoriented itself around this lie, and initiated a blood libel targeted at the Catholic Church (associated with many of these residential schools). A new federal holiday was created. Hundreds of millions were earmarked for investigations most of which found its way to the indigenous NGO apparatus. PM Trudeau flew flags at half mast for 215 hours at all Federal buildings. Canada day festivities were cancelled.

Following the “discovery”, approximately 100 Catholic Churches in Canada were vandalized, desecrated, or destroyed through arson.

The Canadian government explored criminalizing “residential school denialism” targeted at skeptics of the Kamloops mass grave finding.

Now, five years on, the Canadian establishment is finally admitting that there were no unmarked graves found by radar at Kamloops. The central atrocity that was alleged to have happened - indigenous children at residential schools murdered, disappeared, or killed through neglect, and then buried in unmarked graves and forgotten - was based on a complete misreading of radar. The children who had died at residential schools due to disease had been properly accounted for and buried in cemeteries. There was no excess of missing children.

Tens of millions were earmarked to excavate Kamloops, but excavations would have exposed the reality that there were no unmarked mass graves, so no excavations ever occurred. It’s a clever rhetorical trick. The apple orchard was a priori determined to be a “presumed gravesite” rather than an ordinary patch of land, and so it couldn’t be excavated to determine if it contained graves. Instead the public was expected to trust, without evidence, the veracity of an extraordinary claim: that the catholic church presided over the death (presumably from abuse or neglect) of hundreds of students, which they concealed by interring in unmarked and undocumented graves.

The First Nations tribes charged with the investigation have said they would keep data and findings private. The deliberate secrecy around the investigation was the point. The ambiguity allowed the blood libel against the Church and Canadian society in general to proliferate unchecked, never subject to any kind of empirical test.

Now, none of this contradicts the reality that the residential school system in Canada was designed to forcibly culturally assimilate indigenous children. That is true and Canada will continue to have to reckon with that historical fact. Children did in some cases die at these schools due to disease - remember we are talking about a system that began in the 1880s before antibiotics existed. But the extraordinary claim that was layered on top of that - that the deaths of hundreds of children were concealed by the Church - discredits the project of historical reckoning.

End of day, Canadian society was mobilised around a claim that was set up to be deliberately unfalsifiable. And dozens of churches burned as a result.

[Capital Flows @Globalflows]

I create a Hyperliquid funding dashboard where you can map all of the premiums and discounts in funding rates to analyze the supply and demand of leverage in the system

You can download the actual code for this on my website for free. I will link it below

If you want me to publish part 2 of this, like and retweet this tweet frens

[Capital Flows @Globalflows]

I will be sending out the actual code for the Hyperliquid dashboard I have built, mapping funding rates across all HIP-3 assets

You will be able to just plug and play this into an AI, and it will autopopulate the dashboard seamlessly.

If you want this dashboard, like and retweet this, and then become a subscriber here (it's free): https://t.co/rpJr1XL6FO

I will be sending it out momentarily

HYPERLIQUID

[Capital Flows @Globalflows]

I want to explain the most misunderstood factor for Hyperliquid. If what I lay out is going to happen, the price will easily go to $350 this year. 🧵

Right now, everyone is overly fixated on the launch of the ETFs. The Hyperliquid ETFs are a drop in the bucket for the wall of capital that is going to hit the market

This is very straightforward if you understand global interest rates, fx, and the supply of money in the system. Most people have ZERO clue about how these markets function because they have never traded G7 rates. People think they understand liquidity because they traded Bitcoin during a dollar devaluation narrative but when asked about the most important input into macro liquidity, interest rates, they have no clue.

It is IMPOSSIBLE to have a view on macro liquidity and money in the system without understanding interest rates. These are two sides to the same coin.

Let me lay out this thesis very simply: 👇

Interest rates are all about the price you pay for money in the system. FX markets are the flip side of the coin, which is denominated the actual currency you are borrowing relative to other currencies and their respective interest rates.

Why does this matter for Hyperliquid? Because the largest markets in the world are all about interest rates and FX. Bitcoin and crypto are a drop in the bucket for large players who are managing massive balance sheets. If Hyperliquid can provide enough value via liquidity and low-cost leverage, then the largest players in the world will start moving more capital onto the platform to transact in the most important markets, interest rates, and FX.

Simply put, if you have enough liquidity on your platform, the price you pay for leverage can be LOWER than what you might pay somewhere else. Simple example: If you need a mortgage for your house, you are going to try to get the best rate possible. This is you trying to find the "cheapest leverage" possible in the system. If someone offers you a lower interest rate, with no trade offs, people will take it. Many brokerage accounts compete with each other on the margin rates you have to pay in order to use the firms margin.

The same dynamic is true for Hyperliquid. If they can provide attractive margin rates (or what we can funding rates on Hyperliquid), then this is the real value proposition for Hyperliquid. While everyone is focused on ETF flows, you want to ask what are the drivers of value that would catalyze the flows of the largest players to begin using Hyperliquid every single day.

Clearly, the regulatory constraint is holding capital back like a dam holding back water that wants to pour into a new market. But the most important thing to understand is that if the funding rates for interest rates and FX are low enough on Hyperliquid, this begins to attract capital from the largest players in the world. This especially attracts capital from the entire Eurodollar market that is constantly trying to hedge the surplus of dollar liquidity that is in the system due to the dollars reserve currency status and the historic level of trade the US has conducted which has pushed an unprecedented level of dollars through the entire system.

This flow mechanism connected to the larger macro picture is WHY I am so bullish on Hyperliquid. Notice that functionally, no one else has talked about this. They think this is just the regular "crypto cycle" where you buy momentum and fade the price once everyone starts talking about it on the timeline.

The place we are at with Hyperliquid is actually taking advantage of the biggest blind spots for both people in crypto and people in traditional markets. Crypto people have been conditioned to just think in terms of pump and dumps instead of value creation and flow mechanics in the global interest rate complex. Traditional finance people have functionally dismissed crypto as something that is worthless because no one has really provided true value that has lasted.

This is why I wrote this article on the blindspot that existed earlier this year, before Hyperliquid made its massive YTD rally: https://t.co/7E8bMaWOP6

There is a reason that no one is talking about these mechanics. The crypto influencers or VC establishments won't talk about it because they didnt get to invest in Hyperliquid before it launched or get a crypto allocation to schill. On the flip side, the largest institutions won't talk about Hyperliquid because they dont want to draw attention to a market that they havent established a dominant positioning in yet.

"Do you mean to tell me you've finally established a position, so you can price mine?" - The Big Short

My job is a trader. I get paid to hold risk and I have established a position in $PURR which is the largest Hyperliquid treasury company and the only treasury company in the world with a positive P&L right now. It is up over 140% since I originally published the view (see my pinned tweet). But we have only just begun to price what is possible for Hyperliquid and what is possible for $PURR.

Once you realize that Hyperliquid sits in a massive gap in the tradfi and crypto space, then you will realize why $PURR sits as the bridge to BOTH of these.

I continue to hold my $PURR position and it is my strong conviction that Hyperliquid will have a significant rally beyond anyone's expectations and $PURR will be the direct beneficiary of this in addition to adding additional shareholder value on top of HYPE returns.

There are several things that you need to know in order to navigate these changes in Hyperliquid:
1) Understand that we are in a credit cycle melt up that in its very nature is currently sowing the seeds of its own demise. None of this will end well given the amount of liquidity that is in the system but first we are melting up MUCH MUCH HIGHER.
2) Hyperliquid underlying drivers in its value proposition that could catalyze capital aggressively moving onto the platform to access cheap leverage.
3) All of the signals for positioning in global risk assets, interest rates, Hyperliquid, and $PURR.

I will be providing an entire playbook for #1-3 in a livestream tomorrow at 8:30am MST. You will walk away with a playbook for the credit cycle, a model with the code included on mapping funding rates on Hyperliquid, and Tradingview models for monitoring the positioning signals. This will be 100% free for everyone who is a subscriber here. I will send out the links tonight and resend them tomorrow morning so no one misses it: https://t.co/rpJr1XL6FO

Below, I will link the most important tweets and videos I have done thus far that you should review before the livestream tomorrow

Welcome to global macro

HYPERLIQUID

[G @DpCve]

@Globalflows https://t.co/jyh9ELagkv. Interesting.

[Lookonchain @lookonchain]

A massive $HYPE buy!

Wallet 0xb5E4, linked to #a16z, bought another 372,000 $HYPE($16.91M) over the past 3 hours.

Since April 14, this wallet has bought a total of 2.11M $HYPE ($90.87M).
https://t.co/Zw7vH744zI
https://t.co/2pBlGb8MUP

[G @DpCve]

@Globalflows "Imagine Hyperliquid gets added to the US" What specifically, does this mean? Perps getting approval?

[G @DpCve]

@ThinkingUSD @goodalexander

[G @DpCve]

@Globalflows According to Grok, as of early April, absolute OI has had a 70% jump from late-March levels and has stablized/held elevated. HIP-3 OI also broke higher and now sits in the 35-40% range.

[G @DpCve]

Hi. Just started focussing on your thesis surrounding PURR. I apologize if I've missed it in the livestream or if you mentioned it your substack (free version), not yet a subscriber. But, how do you view the Bitwise, and others, HYPE etf's impacting PURR? Seems to be a bit of fud out there regarding near term hype token unlocks. Any comment would be appreciated. Thanks.

[The Figen @TheFigen_]

I think that is the best advertisement I’ve ever seen.

[John Ziegler @Zigmanfreud]

If you are longing for a simpler time that is now gone forever, this video will likely hit HARD…
🥲

[Undisclosed ₿ ✝️⚡ ∞ @BitcoinUndisc]

https://t.co/JbpW09UtDd

[G @DpCve]

@Barchart @grok, what happened to the price of $gld after the specific outflow date, a decade ago?

[Andrew Côté @Andercot]

There's really only one thing you need to see to understand the 'Epstein files' are a controlled disclosure to shape public opinion without revealing much of the truth.

And it's this: a photo included in the files that is clearly photo-shopped to include a SpaceX logo on a t-shirt.

Why would they do this?

It's easy to understand.

If you make the 'problem' big enough, and diffuse enough, so it ambiguously touches almost every person of wealth, power, influence, but without divulging the real details that matter, like the names of people emailing things about murder, torture, etc - redactions that don't protect victims, but instead protect criminals, then you do two things.

The public 'feels' like it knows 'the truth' - that this was a disgusting and widespread ring of corruption and evil.

While also obfuscating any actionable things that would lead to people going to jail, being punished for their crimes.

It becomes a general inditement of society without any specific ammunition to bring justice about.

As an added bonus, the ambiguity of specific guilt with the preponderance of evidence of wrongdoing sets everyone at each others throats.

Instead of 'society versus evil' it becomes 'society versus itself' while evil gets off the hook.

It is likely that people within the DOJ / FBI spent a long time carefully pruning the set of materials to be disclosed, ensuring there was enough there to incite outrage, but not enough to be actionable.

At this point you should basically have the mindset of:

Everything coming from 'official sources' is constructed with the intent to mislead, manipulate, obfuscate, and shape public opinion to achieve some political end.

FBI director Kash Patel going on record saying there's no evidence of child trafficking, while Ghislaine Maxwell is in prison on child trafficking charges, basically sums it up. The authorities are doing the bare minimum to wash their hands of this entire affair, to make the public complicit in its complacency, and sowing enough chaos and confusion to prevent any kind of united front on the part of the public demanding answers.

You are not being given the means of finding justice, but being conditioned with the awareness that injustice is beyond reproach, omnipresent, something too powerful to approach to dethrone.

This is ultimately wrong. Injustice and evil exist as extremely fragile structures that depend entirely on a socially constructed narrative, but it takes the public gullibility to believe this narrative.

You are the media now, and the media's role in a democracy is to speak truth to power; to find what is real and false; and hold public officials to account.

[G @DpCve]

@caprioleio If using FTX and Luna for comparison, surely you don't mean the "end"?

[G @DpCve]

Just a thought...why not visit a legitimate daycare, just to contrast the experience and treatment you receive when people are actually in the business of taking care of children.
There are many legitimate ones, and they deserve a voice in this. Let's hear their opinions of those that would trample on the honest, hard working chaperones of Minnesota's little ones.

[G @DpCve]

@fejau_inc Fresh powder. What better way to spend the holidays.

[Mr PitBull Stories @MrPitbull07]

"My name's Hank. I'm 66. I deliver propane to homes. Rural routes, farms, folks off the grid. I fill their tanks, check connections, drive to the next house. Most customers just sign the slip, barely look up. I'm just the propane guy.

But last February, during that brutal cold snap, I noticed something at the Miller place.
Pulled up to fill their tank, gauge showed empty. Completely dry. In 15-degree weather.
I knocked on the door. Mrs. Miller answered, three kids bundled behind her in coats. Inside the house.

"Ma'am, your tank's bone dry. How long you been without heat?"
"Four days." Her voice was steady, but her hands shook. "Bill's due Friday. We're waiting on my husband's paycheck."
Four days. Three kids. Fifteen degrees.
"Ma'am, I'm filling it now."
"I can't pay until"
"I'll mark it as a delivery error. Computer glitch. Nobody'll know."
She started crying. "Why would you do this?"
"Because those kids are wearing coats inside."

I filled their tank. Checked the furnace. Made sure heat kicked on before I left.
Drove away thinking about what I'd seen. Kids doing homework in winter jackets. A mom choosing between heat and food.

Started paying attention different after that. The elderly veteran whose tank was at 10%, he was rationing, keeping one room warm. The single dad whose payment was two weeks late, he'd been burning firewood he couldn't really afford.

I started doing something I shouldn't. When I saw someone struggling, someone who'd run out, someone rationing heat—I'd add 50 gallons. Mark it as "meter calibration" or "pressure test residual."
Small amounts. Enough to get them through.

Did it eleven times that winter. My boss noticed the discrepancies. Called me in.
"Hank, we're showing extra gallons delivered but not billed."
I told him the truth. Everything.

He stared at me for a long time. Then said, "My daughter was a single mom once. Chose between heat and groceries every winter. I wished someone had helped her."

He didn't fire me. Instead, he created something, "Warm Hearts Emergency Fund." Customers could donate. We'd match it. Use it for families in crisis who couldn't afford propane.

But here's what broke me, Mrs. Miller came to our office in May. She'd gotten a better job, caught up on bills.
She handed me an envelope. Inside, $200.

"For the next family. The one you'll find in February, four days without heat, trying to be brave for their kids."
She grabbed my hands. "Hank, my youngest has asthma. Four more days in that cold... I don't know if..." She couldn't finish.

Last winter, the Warm Hearts Fund helped 23 families. Not with handouts, with heat when they had none. With dignity when they felt broken.

And here's the thing, other propane companies heard about it. Started their own programs. Now there are "emergency heat funds" in six states.

But the moment that destroyed me happened last month. Got a call to deliver to an address I recognized, the Miller place.

Mrs. Miller answered. "Hank! Come in, please."
Inside, warm, kids doing homework at the table, laughing. She handed me a check. Full payment, plus extra.
"For the fund. But also..." She pulled out a drawing her youngest had made. Stick figure man with a propane truck. Caption in crayon: "Mr. Hank, my hero."

"She asks about you every winter. 'Is Mr. Hank making sure people are warm?'"
I'm 66. I deliver propane to houses nobody notices.

But I learned this- Cold doesn't wait for paychecks. And no child should do homework in a winter coat inside their own home.
So if you deliver anything, oil, propane, firewood, and you see someone struggling, someone empty, someone rationing,
Find a way. Mark it wrong. Call your boss. Start a fund. Do something.
Because heat isn't a luxury. It's survival.
And the difference between freezing and living shouldn't be whether your paycheck arrived on time.
Be the reason someone stays warm."
.
Let this story reach more hearts....
.
Ai image is for Demonstration purpose only
.
Credit: Mary Nelson

[Andy ττ @bittingthembits]

I get why people are skeptical. Most crypto projects chase hype.

But Bittensor $TAO is different it’s aiming at a problem that’s about to define the decade.

We’re heading toward an AI monopoly that makes Big Tech look tame.

Right now:
Only 3–4 companies can train frontier models:
OpenAI, Google DeepMind, Anthropic, Meta.

Training costs are exploding.
GPT-4: $100M.
GPT-5: $1B.
By 2030, $10B+ runs.
That means only 2–3 entities.
Will control all meaningful AI.

And that’s where the real danger starts:

1. Corporate Alignment Problem
Google decides what’s “true.” No competition. No alternative viewpoints.

2. Innovation Gatekeeping
You want AI for research? Pay their price, follow their rules, accept their limits.

3. Data Slavery
We train their models for free, they own the value.

4. Single Points of Failure
One AWS outage. One regulator. And half the world’s AI goes dark.

Bittensor exists as infrastructure insurance. It doesn’t need to be perfectly decentralized just decentralized enough to:

• Prevent single-entity control
• Enable permissionless innovation
• Distribute value fairly

Think Linux vs Windows. Linux didn’t win the market, but it forced competition, powered critical infrastructure, and gave the world a real alternative.

Bittensor is the Linux of AI.

Real use cases are already emerging:
– Sovereign AI for nations too small to build their own.
– Specialized models Big Tech ignores.
– Uncensorable research.
– Economic participation for contributors GPUs, data, validation work paid in $TAO.

Without Bittensor by 2030:
– 2–3 companies own intelligence itself
– Prices rise
– Innovation is permissioned
– Nations get locked out
– “AI safety” becomes corporate policy

With Bittensor:
– Constant competition
– Open innovation
– Shared infrastructure
– Value flows to contributors
– Multiple safety approaches

$TAO it’s the coordination mechanism. No incentives, no network. No network, back to monopolies.

Bittensor might fail. It’s hard tech. But the alternative total corporate control of intelligence is worse.

The question isn’t “Will Bittensor beat Google?��
It’s “Do we really want to live in a world where Google has no competition?”

We’ve seen this movie before.
Oil. Banks. Big Tech.
This time, it’s intelligence itself.

And that’s why I think $TAO matters.

[G @DpCve]

Hahahaha 🤓 My iq score lol https://t.co/u0bz37KTSv