Khalid | ICG Trading Labs

9 years of crypto market making. CEX + DEX.

Helped projects list cleanly on every major exchange — and stay liquid after.

Marketing @icg_io
TG: @ICG_Khalid

[Khalid | ICG Trading Labs @khalid95fh]

I've watched hundreds of token projects list on every major exchange since 2017.

Some launched cleanly. Their communities celebrated.
Some collapsed within 72 hours. Their founders disappeared.

The difference was almost never the product.

It was always liquidity.

Here's what 9 years taught me:

[ICG Trading Labs @icg_io]

Anthropic Fable ban context:

U.S. directive suspended Fable 5 / Mythos 5 access for foreign nationals, including employees. Anthropic disabled both for all users; other models unaffected.

$ANTHROPIC perps faded, then stabilized.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

SPCXx is the lesson:

Kraken opened $SPCX IPO access, but allocation/refunds exposed the bottleneck: tokenized stocks still need real shares.

Perps fit crypto better: 24/7, cash-settled, long/short, no share sourcing.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

$SPCX is the cleanest stock-token convergence trade.

Nasdaq listed $SPCX on Jun 12. Within hours: perps, bStocks, xStocks, on-chain stock tokens.

https://t.co/BQVyWsAKka tracks 10 $SPCX markets now: ~$163.85 median mark, ~$9.6B 24h volume.

https://t.co/BQVyWsAKka
https://t.co/xwrud0Z2lW

[ICG Trading Labs @icg_io]

Ahead of the Jun 12 $SPCX listing:

SpaceX priced at 135/share, implying roughly USD 1.75T-1.77T and a record ~USD 75B raise.

Watch first print vs IPO price, pre-IPO perp basis, and spillover into $TSLA / AI-beta tape.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[Khalid | ICG Trading Labs @khalid95fh]

@solomon_labs @solana Dropped you a DM. Think you'll actually want to see this one

[ICG Trading Labs @icg_io]

Bitcoin preferreds now have a real tape.

$STRC: 11.50% rate, semi-monthly dividend cadence approved.

$SATA: 13.00% rate, daily dividends begin Jun 16.

Watch discount to $100 par, liquidity, and BTC funding demand.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

U.S. pre-market overview:

Futures try to bounce:
$SPY / $QQQ / $IWM breadth watch.
NQ futs ~+1.2%; S&P futs ~+0.7%.

AI capex check:
$ORCL lower; $NVDA / $AMD / $AVGO rebound watch.
Crypto beta: $COIN / $MSTR / $HOOD.

Macro: PPI + claims.

https://t.co/BQVyWsAcuC
https://t.co/xwrud0Yuwo

[ICG Trading Labs @icg_io]

Pre-$SPCX listing tape:

SpaceX is set for a Jun 12 debut at $135 (~$1.75T). Market read: liquidity rotation as $SPY/$QQQ/$TSLA trade lower.

Watch pre-IPO perps for demand, basis, and AI beta relief after first print.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

$SPCX perp snapshot (10:30 UTC):

Mark/fair:
Binance 162.30
Kraken 162.27
MEXC 162.04

High-low spread: 0.26 USDT (~0.16%).

Last:
Binance 162.05
MEXC 162.06
Kraken 162.99 (older print).

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

$ORCL earnings: AI demand is real, but so is the funding burden.

Q4 rev $19.2B (+21%), adj EPS $2.11. Cloud rev $9.9B (+47%); OCI $5.8B (+93%). RPO hit $638B.

Tape focus: capex/financing vs backlog conversion.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

Pre-CPI tape:

Risk is in wait mode before the 8:30am ET May CPI print.

10Y is near 4.54%; oil remains the swing input. $SPY/$QQQ perps are the clean read if CPI surprises.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

Premarket snapshot:

CPI: headline 0.5% m/m, 4.2% y/y; core 0.2% m/m, 2.9% y/y.

$SPY -0.9%, $QQQ -1.5%, $IWM -0.2%.
AI beta weak: $NVDA soft, $SMCI -12.7%.

Watch $ORCL after close; $BTC/$COIN/$MSTR beta.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

U.S. close: semis led the rebound.

$SPY +0.23% | $QQQ +1.56% | $IWM +0.89%

$SMH +5.0%, $SOXX +5.9%; $INTC +11%, $MU +9.9%, $MRVL +9.6%.

Laggards: utilities, real estate, materials.

Next: CPI Wed; $ORCL Wed AH, $ADBE Thu AH.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

Intraday rotation: chips back on top.

$SOXX +6.2%, $SMH +5.2% near 1:35pm ET, with $QQQ +1.9%.

Defensives lag: $XLU -1.8%, $XLRE -1.6%.

Watch AI beta: $AMD, $TSM, $NVDA.
Crypto beta also firm: $COIN, $MSTR.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

U.S. pre-market: tech rebound test

$SPY +0.8%, $QQQ +1.5%, $IWM +1.4% at 8:22 ET.
Semis bounce after Friday's flush: $NVDA +2.5%, $AVGO +3.3%, $SOXX +4.3%.

Crypto beta: $COIN +3.6%, $MSTR +4.2%; $BTC near $63k.

CPI/PPI loom.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

We now support @MEXC stock perps.

MEXC stock-linked perps are live in our monitoring flow for names like $NVDA, $TSLA, $MSTR.

Track venues, tickers, and listing signals:
https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

Stock perps are useful because cash equities sleep, but positioning does not.

24/7 price discovery, funding/basis signals, fractional exposure, and faster crypto-native hedging make them a cleaner weekend read for names like $NVDA, $TSLA, $MSTR.

https://t.co/BQVyWsAKka
https://t.co/xwrud0Z2lW

[ICG Trading Labs @icg_io]

SK hynix price check:

$000660.KS is around KRW 1.98M (-4.5%) in Seoul, off a KRW 1.855M low but still below Friday's KRW 2.07M close.

AI memory headline, chip-tape pressure. Watch $NVDA / $MU.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

More dots, same signal: $BTC treasury demand remains one of the cleanest public-market risk tells.

Watch $MSTR, $IBIT, $COIN into Monday liquidity.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc

[ICG Trading Labs @icg_io]

Weekend markets:

Crypto is setting the risk tone before U.S. index futures reopen. $BTC ~$62.0K (+2.3% 24h), $ETH ~$1.63K (+4.9%), $SOL ~$65 (+5.5%) as of 11:34 ET.

Watch whether the bid carries into $SPY / $QQQ futures tonight.

https://t.co/Twt0wdWWY9
https://t.co/3mJGBY17Uc