izwandi

[Algod @AlgodTrading]

Never trust poor people

[Crypto Vikings @CryptoVikings07]

Day a crypto trader can't forget

10/10

[Hyperliquid Policy Center @HyperliquidPC]

We welcome today’s CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a Staff Advisory on 24/7 Trading, Clearing, and Settlement, as a long-overdue acknowledgment that perpetual derivatives are a legitimate and essential tool for price discovery and risk management.

For too long, regulatory ambiguity drove these markets offshore, depriving American traders and institutions of access to regulated venues and undermining U.S. competitiveness in the global derivatives markets.

Today’s actions chart a new path forward. We look forward to engaging closely with the Commission to ensure that the framework it develops is workable not only for centralized intermediaries, but for the onchain protocols where the most significant perpetuals activity actually occurs.

[wassieloyer @wassielawyer]

“Baby ah - we got BTO number”, she shouts from across the room.

The hairs on your skin shiver. Endorphins flood your brain. Your heart palpitates as it rapidly redirects blood to your half erect cock, quickly bringing it to full mast.

“What number?”, you ask cautiously, not wanting to get ahead of yourself.

“132” - she replies.

132. Out of a 976 unit development. 5 year MOP. Should be able to get mid-high floor. Without morning sun.

450 - 550k purchase price. 5% due now, the remaining 20% due on key collection.

Gahmen recently announced a new revitalisation programme for the area. New mall, new bicycle path, new MRT link.

Easy flip for 1m+ after 5 year MOP.

Finally the time has come for your ascension.

You gaze upon her, eyes filled with love. She has never looked so beautiful. Sitting there in her university T-shirt, phone in hand. Her red brown balayage hair pulled away from her acne scarred face in a low ponytail. You watch her pull a funny face as she updates her Instagram and besties Telegram group with a 5 second video.

Sure she’s a 5/10 by any objective measure. To anyone else, she is a mid SMU psychology student with questionable job prospects and bland hobbies (food 🍔and travel✈️❤️).

But to you - she is the angel of your financial ascension.

Years pass.

You have since graduated and now hold down an office job at Shoppee. So too has your wife, she does 'marketing and comms' at some SME. After three years of living with your parents, it is finally time to collect the keys.

You hand over the cashier's order for 100k to the HDB employee. It wasn't easy but between your savings, a loan from your ah ma and the angbao profits from your wedding (off-peak Thursday lunch reception @ Holiday Inn Orchard no open bar suckers!), you got there.

As you finish signing the papers, you mentally write up your net worth by 500k. Then you add an asterisk on it. Just in case you know. Your wife has just finished her selfies with the HDB sign and pulls you into a photograph with her.

You smile.

A few years pass.

"No lah! No lah!" - you exclaim loudly at a gathering of your secondary school friends who jest that you have 'made it already' because of your luck in securing your BTO. "Cannot sell la - still got MOP!"

But deep inside you smugly muse "Yes bro - I did fucking make it". A friend who became a lawyer humble brags about how busy he is and 'offhandedly' drops his salary and how much he spends on rent. "Sucker paying other people's mortgage" you quietly muse as you sip on your mug of Tiger.

As you return home you observe your wife being dropped off by her handsome ang moh colleague in an Audi. She laughs as he hands her the Chanel handbag she bought on Atome and waves her goodbyes. The wide smile on her slightly red face - a smile you haven't seen in years - fades slightly as she sees you.

"We had team drinks and Thomas offered to drop me off. Very nice of him."

"Yea ok cool" - you reply, unsure if you want to start another fight.

Sensing the tension, she tries to change the subject.

"Oh by the way ah, I spoke to my secondary school friend Celine. She in real estate now. She say ah - that our unit probably can sell 1.1 - 1.2m+ when MOP leh!"

You smile - blood returning to your phallus.

2 long years pass.

"Thank you Sir" - the DBS banker smiles warmly as you hand him the signed housing loan agreement.

After eight arduous years, you were finally able to dump your HDB on the next sucker for over 1.1m. After agent fees etc, you got away with a clean profit of over 500k.

And today marks the culmination of your ascension to the condo class.

A 2 bedroom condo in the newly TOPed Merdeka Jewel - 750 square feet at $3000 per square foot at 2.25m. Sure it is a little smaller than your 990 square foot HDB but its not like you need that much room. Your wife made it abundantly clear that she does not want to have kids because she is 'too busy focusing on her career' (although you still question what the fuck her actual job is).

Rolling your savings and your HDB profits into the 25% down payment and taking the 30 year loan at 2.6% interest was a no brainer. 8k a month in mortgage payments seem steep but is manageable. As long as you both keep working. I mean it will all pay off right? Singapore property is up only after all.

You look to your wife and her Chanel handbag. She smiles back at you, she too celebrating her ascension to the condominium class. You can hear the gears in her head turn, the dopamine firing at the thought of all the likes her house tour video is going to get on Instagram.

"Ill be out tonight with friends" - you tell her. "Ya ok I got plans also" - she replies.

You text your real estate agent to confirm that you will exercise the option to purchase. Your cock is now fully erect at the thought of your ascension.

Then you go on WeChat and text Lanlan "我好想你 - 今晚见！❤️"

You smile and take in the Singapore sun.

Damn it feels good to be a Singaporean son.

[DarylTanky @DRTnky]

I call this the “fake wealth” cycle

Most Singaporeans view property as the only way of wealth accumulation

“Oh, I have this HDB that I can sell for $1.5M which means I can buy a $2M condo which will go even higher”

What most Singaporeans don’t realise is that when you ‘sell high’, chances are that you buy high

What ends up happening is a cycle of continuous mortgage and a perpetual debt cycle

You think you’re getting millions for your property, but you’re actually just maintaining the same amount of debt, for your time

Shortsightedness has killed many of the people I know and before they know it, they’re forced to work for an employer till they’re 65 just so they can pay off their $2M condo, and their $400K continental car

[Melissa Chen @MsMelChen]

Singapore’s Foreign Minister, Dr Balakrishnan casually explaining how he built his own AI agent (a 2nd brain for diplomacy) using Claude & WhatsApp integration etc. on a Raspberry Pi

“You cannot govern a technology you have only been briefed on.” 🇸🇬

[izwandi @Ethwandi]

@kapilansh_twt agree

[Jeff Walton @PunterJeff]

Sat down with @coffeebreak_YT today on Bitcoin and Digital Credit.

His edit will drop soon. Posting the full raw hour for anyone who wants the unfiltered version.

Enjoy

[izwandi @Ethwandi]

@mbrochh @pakpakchicken Well said

[Elon Musk @elonmusk]

Starlink on Singapore Airlines! 🇸🇬

[Elon Musk @elonmusk]

@PeterDiamandis $10T or bust

[Alex Svanevik 🐧 @ASvanevik]

Been half a decade in Singapore now.

Lived in 7 countries.

This is the only place I’ve seen get noticeably better every single year.

New MRT stations popping up.

Healthy stream of new HDBs and condos.

Public spaces being improved.

Better restaurants.

List goes on.

All things considered, still the best run country on Earth.

[izwandi @Ethwandi]

@Zac_Pundi Well said

[Ricardo @Ric_RTP]

In 19 days, a jury in Oakland is going to decide whether the entire legal foundation of the AI industry is built on fraud.

Everyone thinks the Musk vs Altman lawsuit is a billionaire grudge match.

Two egos, one grudge, a $150 billion damages number designed for headlines.

Easy to dismiss. Easy to scroll past.

That's exactly what Altman wants you to think.

Because what's actually on trial on April 27 is something much BIGGER than Elon's hurt feelings...

A jury is going to decide whether you can legally take billions of dollars in nonprofit donations, use them to build the most valuable technology in human history, and then quietly convert that nonprofit into a for-profit company worth $850 billion.

If the answer is no, the entire AI industry has a problem.

Because OpenAI is not the only company that did this:

Anthropic was founded by OpenAI defectors using the same nonprofit-first mission language.

xAI pitches itself as building AI "for humanity."

Every frontier lab has used the moral cover of "we're doing this for the good of the world" to attract talent, capital, and regulatory goodwill they would have never gotten otherwise.

An Elon win doesn't just touch OpenAI. It creates a legal precedent that every AI company built on a nonprofit or public benefit promise becomes vulnerable to shareholder and donor clawback suits.

That's why this case matters. And that's why Altman is panicking.

Just look at what he did this week:

Elon filed a motion demanding the court remove Altman and Brockman from their roles and FORCE OpenAI to return to its nonprofit origins.

Then he amended the suit to say if he wins the $150 billion, all of it goes to OpenAI's charity arm. Not him. Zero dollars to Elon personally.

That amendment was surgical. It stripped Altman of his entire public defense.

He can no longer claim this is about Elon's ego or Elon's bank account. Elon is now legally on record saying he just wants the mission back.

OpenAI's response was to panic-write a letter to the California and Delaware attorneys general asking them to investigate Elon for "anti-competitive behavior." Their strategy chief publicly accused Elon of coordinating attacks with Mark Zuckerberg.

They called the lawsuit "harassment driven by ego and jealousy."

That's NOT the response of a company that thinks it's going to win.

Real companies with real defenses don't ask the government to silence the person suing them 3 weeks before trial. They let the evidence speak.

OpenAI is scrambling because they know what's in discovery.
Elon's team has been building this case for two years. Emails, board minutes, internal conversations about the conversion.

The kind of paper trail that juries understand and executives can't explain away.

And the timing couldn't be worse...

OpenAI is trying to IPO at $852 billion. They just raised $122 billion. Microsoft has $135 billion of exposure to them.

A jury verdict that even partially sides with Elon in late April or May would crater the entire IPO runway and send shockwaves through every major AI investor on Earth.

This is why Altman spent the last 2 weeks doing press tours and policy blueprints and "super intelligence agendas" aimed at Washington. He's trying to REFRAME himself as the responsible statesman of AI right before a jury decides if he's a con artist.

Most people will watch this trial start and think it's celebrity drama.

The smart money is watching it and realizing that the legal foundation of the AI boom is about to be tested in court for the first time EVER.

And if that foundation cracks, everything built on top of it is at risk.

[izwandi @Ethwandi]

Did he just explained his business model

[Michael Saylor @saylor]

@BorisJohnson Bitcoin is not a Ponzi scheme. A Ponzi requires a central operator promising returns and paying early investors with funds from later ones. Bitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand.

[The White Whale @WhiteWhaleLabs]

@cz_binance The best user protection would be if you were back in jail.

[The White Whale @WhiteWhaleLabs]

So What's The Data?

A flurry of replies all asking the same question. As well as a flurry of replies calling me an idiot for making the statement that narrative doesn't matter as much as people think it does.

My way makes me money. If your way makes you money there is nothing wrong with that. No need to change. I simply choose not to enter a trade based on vibes.

I'll now give the real life example I referenced in the last post. The coin was DFM that I identified at a 250K mcap. And I still don't even know what that coin is about as it didn't matter. Got in at 250K and got out at 4M. Because of data. It's now 1M at the time of writing. Volume is dying. Bots are leaving. Liquidity is still "thin air". Short of a new data catalyst, it's dead.

My method is relatively simple. You may have a better method. Maybe I'm retarded (saves some of you from saying it). But this method has worked for me and I've been able to obtain around an 80% win rate. On low mcap memes. I happen to be proud of that number.

For screening, I use GMGN. I don't trade there, but they do have some of the better screening tools. On the Trending tab I set up the following filters:

NoMint - checked
Burnt - checked
No Blacklist - checked
MC - 225K
5M volume - 9k

Why 225 and 9? Because many traders filter for 250K and 10K. I like to be first, for things worth trading.

I'm still actively experimenting with these initial filters but lean on the side of not going too filter heavy.

Then, on my display view, I make sure I'm on 5M for time selection and that I have columns enabled for both 5m% and 1h%.

If something is hot on the 5M but still way down on the 1H I won't even bother looking at it. I'm looking for confluence. I also check token age from this view. I don't filter it out as a hard rule but typically I'm not hopping on the bandwagon for an old token just because it has started to pump. But I do like being aware of it.

The next thing I do is copy the CA and if we are still a very low mcap (sub 1M) I'll pull up the Bubblemaps. Does it look cleaner or more dirty than most Bubblemaps I look at every day? (more on that later).

If the coin is over 1M mcap the first thing I will do is pull up the CLOBr liquidity map. This tends to not matter until you get into the 2M+ mcap range, but I want to know right away if LP farms are bogging price action down, what sell pressure is right above current price, how much support is below - is support v resistance asymetric, etc. If it's a brand new coin it may have not even had time to make it to CLOBr yet - and again for very low mcap the CLOBr map doesn't really matter as much as usually the only source of liquidity is the PumpSwap pool anyway.

Then I pull up GeckoTerminal (or DexScreener or similar, whatever one you like to use) and look at volume. How is volume progressing, is it getting more intense, looking the same, or declining. I look at the trend over the past 5M vs 1H vs 6/24. The volume bar graph also helps paint a visual picture but I prefer cross-checking by clicking on the 5M/1H/6H/24H time frames specifically because you can easily see transaction counts, net buy vs sell, etc.

I additionally look at holder counts. Not is it going up or down, that doesn't matter on your early launches. I'm looking to see if the expected holder count appears to be normal & organic for token age + mcap.

I also visually scan the order flow for obvious signs of volume botting. I also scan for addresses I know to be bot addresses that trade anything worth trading all day long. Are those known bot addresses buying or selling? If they aren't even present that's a signal to me the token likely isn't worth trading.

I don't even bother looking at bundled reports. Assume they all are.

Now here's where my strategy and what the data tells me may differ from most. I'm looking for red flags. Because crime moves this space more often than not. So I'm looking for the warning signs of crime so I can trade them. The more sophisticated the crime, the higher the anticipated price action. People don't put a ton of effort and expense into just rugging something at a 500K mcap.

Here's how the data guided me on my successful trade of DFM this AM and why I was able to get in at $250K and out at 4M before the crash back down to 1M.

My filtered view from step one fired off at $225K as it was supposed to. It took me a couple of minutes to complete my checks before I bought in at $250K.

The first thing I noticed as a crime signal was bubble maps. Too perfect. It's still too perfect as of the time of this post. Real life is messy. This means the people who bundle went to great lengths to do it intelligently. Time+effort = longer runway.

Holder count vs age? Also very high. Not organic.

The second thing that stuck out to me is the distribution on this low mcap meme coin is something we all dream of. Not a single wallet held more than 0.3% of total supply.

That...just...doesn't...happen...ever. Again, signs that great pains have been taken to paint a perfect picture (when real life is messy by default).

I checked the order flow and saw a lot of known bot addresses buying and selling - this passed a critical check. If it's not good enough for the bots to transact, it's not good enough for me either.

I saw volume holding steady across a period of time. This means that either organic traders were engaging or more likely that someone paid for sustained volume bots. Many cheap devs will run a volume bot once, just to grab everyones attention. And you'll notice the volume cycle drops off significantly. Here the volume was sustained. So either more money is being invested into the volume bot for a longer duration or organic buyers and sellers are hopping in - doesn't matter to me which it is, just that it's happening.

There was no magic. No big secret formula. I simply looked at the data and said "This looks too perfect. Things are only made to look this perfect if it has a runway ahead of it"

So I buy red flags. Because the effort put into crime can be a strong signal into how long the crime will continue.

As I rode my position up I started looking at the CLOBr liquidity map. We crossed 1M, no liquidity added. 2M, no liquidity added. Past that point I was glued to the screen watching for the first sign of anything turning the tide. Was volume dying? Were sells being met with buys?

Volume didn't die and holder count just kept increasing, but at 4M I bailed. Because at that point there SHOULD have been a better liquidity picture. I know from vast experience in staring at these things all day every day that you simply cannot be at a 4M mcap without better liquidity than simply the PumpSwap pool. All of my experience told me the risk/reward systems in these bots would start giving heavy weighting to the "thin air" below current price. I wanted to bail before they did. Sure I missed the move from 4 to 5.3, but after 5.3 it just utterly tanked.

I even told my TG group that I would ape back in the moment they added the typical large fake liquidity layer to paint support below. But they just never did.

In short? This goes back to my general trading thesis that I taught people about months ago. (It's on the TL, don't make me scroll).

This is crypto. Assume everything is manipulated and that nothing is organic. The way to make money is therefore looking for signs of manipulation and walking in harmony with the Apex Predator so as not to become the prey.

Was this helpful to you? Please let me know. It means a lot. There's a small army of people who love to just crap on anything that comes out of my mouth and I took an hour out of my day to type this up, hoping at least one person would benefit from it.

🫡 From the depths —
The White Whale 🐋

[Saul @SaulWgmi]

Some mistakes were made 😅

[The ₿itcoin Therapist @TheBTCTherapist]

POV: It’s 2030, the Bitcoin you bought at $69,000 is now worth $1,000,000.

Everyone else sold but you never did.

[LJB @hoeflator]

Dating in Singapore is funny because a woman like her offers zero intrinsic value but for the sheer virtue of being slightly better than normal tier jibai you can rug nft holders and multiple tokens and then larp as if you’re a longevity crypto expert that has the Mandate of Heaven when the celestial mandate was to reincarnate you into the spirit of the female trickster to plague upon men in the physical realm

*send tweet*