JoΞ HedgedHog

Investment Partner @Sigil_Fund | DeFi before it was cool and mountaineering | In in for the tech since 2013

[JoΞ HedgedHog @JoeHedgedHog]

A tale in 3 acts

[JoΞ HedgedHog @JoeHedgedHog]

@Matt_Hougan Everybody knows that NASDAQ exists, yet the company that operates the exchange ($NDAQ) has 50% upside to be at the same valuation as HYPE

Anyways, we are long HYPE

[JoΞ HedgedHog @JoeHedgedHog]

The biggest risk for Starlink and $SPCX is Kessler syndrome.

Blowing up just one Starlink satellite could theoretically create enough debris to start a chain reaction, hitting other satellites and creating even more debris. Leaving Earth’s orbit could then become impossible for generations.

Elon is well aware that doing this isn’t rocket science (well 😅 ) and would be fairly simple for a nation-state like Russia. They even tested blowing up one of their old satellites five years ago...

[GeoInsider @InsiderGeo]

UPDATE | 🇺🇦 Ukraine is pushing back against Elon Musk's claim that its military violated Starlink's terms by using the civilian satellite service for offensive drone strikes.

Serhii Beskrestnov, a defense technology adviser to Zelensky, says commercial Starlink terminals have been subject to speed and geographic restrictions since February, making the medium- and long-range strikes Musk describes technically impossible.

Ukrainian drone supplier Serhii Sternenko also says missions requiring satellite connectivity relied on Starshield, not civilian Starlink.

Musk has acknowledged that SpaceX restricted Starlink service but maintains that the US government controls Starshield.

[JoΞ HedgedHog @JoeHedgedHog]

👀

[daos.world 🌎 @daosdotworld]

Please read this. And honestly their docs in full: https://t.co/N90GzGmzBI

Many blindly want the WL without understanding how the papertrade protocol even works

For this kind of new onchain tech + difficult to acquire tokenomics, a DAO makes perfect sense

[Varda Space Industries @VardaSpace]

Today, we’re announcing Varda’s $250M Series D raise, bringing the total amount of capital raised to $598 million with a $1.6B valuation.

This funding will help us build more vehicles, grow pharmaceutical partnerships, and advance toward the first medicine manufactured in space for patients on Earth.

[JoΞ HedgedHog @JoeHedgedHog]

This is the spirit!

Proud to back his latest startup...

[Beni @beniduboss]

@0xmakerlee @Kalshi @j0hnwang I have enough money

I need truth

[fiskantes ⭐️🩸 @Fiskantes]

So Elon gave up his political endeavours, locked in for a year and now not only he has defacto monopoly with a 10 year headstart to launching reusable rockets to space, but also

+ unique sets of data from rocket buildout and launches he can use to train physics based AI models

+ largest commercial satellite network

+ data from a decade of self driving EVs

+ prop data from one of the most impactful social networks

+ owns his computation with roadmap to build more

+ currently also a competitive LLM model thats inching behind the market leaders

+ roadmap to transition his EV manufacture to humanoid robots

He is concentrating OP levels of tech competence and moats - its almost certain anti-monopoly bureau will fire up at some point

[JoΞ HedgedHog @JoeHedgedHog]

I agree... BigMacs will cost $1k by then

[Murad 💹🧲 @MustStopMurad]

In September 2024, I predicted that Memecoins will be a >$1 Trillion asset class.

I fully stand by my prediction.

[Sigil Fund @Sigil_Fund]

Our latest letter to investors is now available:
https://t.co/IOxLi2CL1c

In Q2 2026, Sigil Core returned +14.05% net vs USD, while the major crypto assets posted negative performance. YTD, the fund is +9.35% net vs USD, continuing to outperform Bitcoin and the broader market.

Sigil Stable delivered +1.63% net yield against USD, with a strong Sharpe ratio of 2.52.

[JoΞ HedgedHog @JoeHedgedHog]

CZ's FTT tweet in 2022

=

Citadel's rate hike expectations in 2026

Old guard vs Effective altruists: 2:0

[fiskantes ⭐️🩸 @Fiskantes]

Just came down from Mt Blanc, we were one of the last groups that went there via Gouter route, now its closed, most guides cancelled and huts are basically empty

https://t.co/gBjIYZysKo

Grand Couloir is a funnel like steep valley you gotta cross to go to the upper Gouter hut before climbing Mt Blanc. This funnel channels rocks falling from the top into a corridor of about 30 meters, you gotta cross. Some of the rocks are size of a fridge and they fall, spin and splinter into smaller ones randomly. The recent heatwaves are melting the ice caps and glaciers that used to hold the rocks together, so now they are falling more than before.

Our guides sent one sentry to the top with a walkie talkie, with the idea we can get a headsup if he sees something move, it takes a rock about 35 seconds to fall, which is about the time you need to cross the gap.

We got clear headsup from the sentry and crossed. Other group was about to go, when our sentry called that rocks are falling. We started shouting to the other group to fall back, and they did, 3 seconds before massive rockfall arrived. I never saw anything like this before.

Our guides told us we are the only one with a lookout, everyone else just crosses early when the temperatures are still low and hopes for the best.

I am quite happy taking huge financial risk, but this is next level.

This is about how that rockfall looked (that woman on the video got super lucky btw):

https://t.co/m8rkokbA0v

[JoΞ HedgedHog @JoeHedgedHog]

Some folks want humanoid robots so they can bring them a bottle of beer while watching football.

Other folks want humanoid robots so they can dismantle Mercury to build a Dyson swarm in solar orbit to power antimatter factories and then use antimatter to reach Proxima Century (the closest star) at 0.5c (roughly 2 years).

Same same, but different.

[fiskantes ⭐️🩸 @Fiskantes]

Devils advocate here: this is the same problem as with quantum risk

Even if the chance of it happening is really small, you can't just not think about it, the risk always lingers there and makes you factor it in

If small chance of quantum threat makes Bitcoin less palpable as an SoV, tail unknowable supply exploit makes Zcash less palpable as an SoV

It is what it is

[fiskantes ⭐️🩸 @Fiskantes]

.@Sigil_Fund is hiring!

We just launched a new cell within our fund (thesis linked below), investing across private and public markets in the next tech breakthroughs in post AI world

We are looking to hire one talented individual who is digital and AI native, self driven, able to learn fast and passionate about investing and technology

You will:

• cover public stocks and private investments ranging from early stage VC to pre-IPOs
• help manage the portfolio on a strategic level
• build AI tools to streamline the investment workflow
• work directly with CIO (me) on decision making level
• interact with a small team of sharp high achievers in friendly non-formal atmosphere
• be more than fairly compensated based on your impact

Send your application to [email protected] (if you write me a DM or use any other channel, its game over for your application)

Feel free to provide any relevent information, the more the better, but be concise and avoid AI slop - we value people who can write well themselves

Things to include apart from basic CV:

- investment analysis, thesis or similar market related content

- any other blog, vlog, article or other content you have produced

- previous track record, from investing, trading, developing, poker, pro-gaming, competitive/sport achievements...

- anything that may show us you are an exceptional hire we would be stupid not to consider

PS: Bonus points if you are in Europe, North Koreans and other hackers need not apply

https://t.co/32II57oywW

[Sigil Fund @Sigil_Fund]

Our Q1 2026 Letter to Investors is out.

In Sigil Core we continue to embrace volatility for superior long-term compounding. At the start of the year we were 40% risk-off. We’re now net buyers - slowly scaling into select higher-conviction assets.

Meanwhile, Sigil Stable is building durable structural yield. Private liquidity deals now represent 34% of the book as we pivot into on-chain TradFi and commodities perps.

Read the full letter here:
https://t.co/nsd15m5cSS

[fiskantes ⭐️🩸 @Fiskantes]

Market is getting less wrong about LIT price

[fiskantes ⭐️🩸 @Fiskantes]

.@Lighter_xyz is under-appreciated and market is wrong about LIT price imo

Of course @HyperliquidX is #1 perp platform and should have a premium but there is room for alternatives

Binance leads but OKX and Bybit are monster businesses on their own and nobody argues their value and staying power

LIT will be ok

(discl: holding lot of HYPE and some LIT)

[Everyday Astronaut @Erdayastronaut]

Is Starship HLS really is a viable option for NASA and SpaceX to get humans back onto the surface of the moon for the Artemis Program?

We'll go over why it's so tall, why it uses Methalox instead of hypergolic propellants, explain why it requires 15 or more launches for a single lunar landing and we'll even go over alternate options that could maybe simplify or speed up the process.

00:00:00 - INTRO
00:03:20 - OVERVIEW AND NEED-TO-KNOWS 00:16:30 - IS STARSHIP TOO BIG AND TALL?
00:35:40 - IS METHALOX THE WRONG PROPELLANT? 00:43:50 - WHY ORBITAL REFUELING?
01:20:30 - CHANGING TO LOW LUNAR ORBIT 01:35:40 - PROPELLANT SUPPLIES ON EARTH 01:38:25 - SUMMARY

[Sigil Fund @Sigil_Fund]

We invest in new technologies because they offer the biggest opportunities to grow and the least efficient markets to compete in.

Our multi-year success in crypto propels us to reach further.

Sigil Supernova - our new fund built for durable, AI-driven breakthrough tech: datacentres & energy infrastructure, robotics & automation, defence tech, space, biotech and AI security.

Focused on the technologies that will shape humanity’s progress over the next 5-10 years.

Read the full memo → https://t.co/sjWM3M91SH