The problem with this explanation: if the contract technically ended at midnight on May 31st, then why in the hell can you still trade the contract?
it makes no logical sense why this contract resolved "NO" in the first place since there is no dispute that MSTR sold BTC in May, but if you want to say that "rules are rules, the contract ended on May 31 before the news was out", then the contract should not be tradable anymore after May 31.
This is one of the dumbest things I've ever seen. That's the equivalent of saying "a bet on the Bears to win the 1985 super bowl didn't resolve because the newspaper didn't publish the box score til Monday."
No skin in the game, but whatever UMA/Polymarket are doing here is nuts.
@shaundadevens The announcement comes from Coinbase, so I would guess it's the 90% of what Coinbase makes on USDC which is 50-50% with Circle.
Still that's around $80m
the Bitcoin community should start discussing this
I can see a short term fear about what to do and a long term relief if we decide to freeze non-quantum resistant addresses as supply shrinks by a couple million.
I would go with the 10-Q report which is more up to date:
-Common Shares: 127 025 563
-Prefs if converted into common: 26 587 647
-Advisor Warrants if converted into common: 27 394 800
-Company Warrants if converted into common: 2 809 001
So right now the issued commons: 127 025 563
But the diluted shares are more like: 183 817 011
Also there are additional shares which could be issued on top of that:
-Equity incentive: 6 351 278
-Rorschack Advisors LLC compensation:
For every equity or equity-linked financing Hyperliquid Strategies completes during the term of the agreement (5 years), the Advisor (Rorschach Advisors LLC) is entitled to receive:
Shares equal to 5% of the number of shares issued in that financing, and
Warrants equal to 15% of the number of shares issued in that financing
https://t.co/UAtACfYp6Q
.@POTUS: "The leaker has been found, and is in jail right now — and that's the leaker on Venezuela... and will probably be in jail for a long time. Let's see what happens."
Polymarket traders expecting a $700M FDV for @extendedapp
If you were wondering what is the expected FDV based on the below 🧵⬇️ Polymarket bet, here you go:
Based on the live Yes prices we can plot the complementary cumulative distribution function.
From this we have the expected value of the FDV by calculating the area under the curve.
Values marked with blue are from Polymarket, but I had to manually add tail values to complete the curve.