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Today, Telegram notified all its users in Spain with this alert:
Pedro Sánchez’s government is pushing dangerous new regulations that threaten your internet freedoms. Announced just yesterday, these measures could turn Spain into a surveillance state under the guise of “protection.” Here’s why they’re a red flag for free speech and privacy:
1. Ban on social media for under-16s with mandatory age verification: This isn’t just about kids—it requires platforms to use strict checks, like needing IDs or biometrics.
⚠️ Danger: It sets a precedent for tracking EVERY user’s identity, eroding anonymity and opening doors to mass data collection. What starts with minors could expand to all, stifling open discourse.
2. Personal and criminal liability for platform executives: If “illegal, hateful, or harmful” content isn’t removed fast enough, bosses face jail.
⚠️ Danger: This will force over-censorship—platforms will delete anything remotely controversial to avoid risks, silencing political dissent, journalism, and everyday opinions. Your voice could be next if it challenges the status quo.
3. Criminalizing algorithm amplification: Amplifying “harmful” content via algorithms becomes a crime.
⚠️ Danger: Governments will dictate what you see, burying opposing views and creating echo chambers controlled by the state. Free exploration of ideas? Gone—replaced by curated propaganda.
4. “Hate and polarization footprint” tracking: Platforms must monitor and report how they “fuel division.”
⚠️ Danger: Vague definitions of “hate” could label criticism of the government as divisive, leading to shutdowns or fines. This can be a tool for suppressing opposition.
These aren’t safeguards; they’re steps toward total control. We’ve seen this playbook before—governments weaponizing “safety” to censor critics. On Telegram, we prioritize your privacy and freedom: strong encryption, no backdoors, and resistance to overreach.
✊ Stay vigilant, Spain. Demand transparency and fight for your rights. Share this widely—before it’s too late.
Updated Market Thesis
I’m adjusting my market thesis.
Let’s start with the big one: the old patterns are dead.
The 4-year cycle, the Q4 pump, the tidy halving-to-parabola arc…they’ve all dissolved into a messy hybrid of trap dynamics mixed with just enough lingering belief to occasionally become self-fulfilling. The market isn’t repeating history; it’s weaponizing the memory of history.
I’ll break down why the 4-year cycle is fully cooked in a separate post, but here’s what pushed me to update my views right now:
Yesterday I watched the battlefield unfold in real time. And “battlefield” isn’t hyperbole. This was not panic, not capitulation, not human emotion. This was deliberate.
Price was walked down with surgical precision over several hours - not panic-sold - walked.
Sell walls advanced like infantry.
Buy walls retreated like a forced withdrawal.
Each inch gained by bulls was immediately met with a repositioned wall just above it.
This wasn’t indecision. It was orchestration.
When I zoom out to macro, the picture gets even clearer.
Markets have had no choice but to reprice around a cluster of U.S.-centric catalysts:
Rising confidence in no December rate cut
The pending U.S. Supreme Court ruling around Trump tariffs
A data-light period in the United States economy
A government shutdown “extension,” not a resolution
And there are more I’m not listing - you can feel them in the air even if you don’t itemize them.
The reason is obvious:
The United States is the gravitational center of global markets.
I don’t love that reality, but we can't ignore it either.
Equities told the same story yesterday: steady bleed, increasing stress, VIX spiking over 20% intraday. Fear is rising.
So where does that leave us?
Right now I believe we are in:
A scalper’s market: modest leverage, tight stops, fast exits.
A spot-accumulation window: slow and boring, but good entries appear for patient hands.
A disciplined sideline environment: when conviction is low, positioning must be low. No signal? No trade.
Markets like this are designed to exhaust everyone.
They drain energy. They drain confidence. They drain attention.
Until only two types of players remain:
The Apex Predators, and the fresh prey.
My conclusion:
This phase isn’t the end of anything - it’s the reset before the real trend forms.
🫡 From the depths —
The White Whale 🐋
@TylerDurden@Tradermayne The greater possible and practical threat is wrapping the digital ID alongside the cbdc and carbon footprint. Limiting food, water, travel access and generally limiting the free will...
Does anyone else worry about how quickly the move to digital IDs and digital cash is accelerating.
In Australia you'll soon have to 'age verify' before using Google. This means uploading ID or something similar.
Canada and UK aren't far behind with their push for digital IDs.
These programs are often framed as ways to modernize services or protect children from harmful online content or climate change, but there’s clearly an ulterior motive
We are rapidly approaching a system where your identity, financial access and biometric data are going to be merged into a single key controlled by the government.
Is there even a way around it?
Unironically, Zcash, move out of the west, sure. But this seems to be coming everywhere.
A lot of what I've described above is already out in full force in China.
Do you care? Can you do anything? Fuck it just live your life?
9/ Bottom line:
No, markets aren’t broken — they’re being stress-tested.
Not all whale moves are equal. What looks like “panic” might be strategy.
Key to watch:
Follow-through volume & exchange flows in coming days.
Stay sharp, manage risk, and don’t get caught leaning the wrong way when the liquidity’s thin.
#Bitcoin #Crypto #BTC
1/ Overnight #Bitcoin dump:
wallets tied to a single entity sold 24,000 BTC ($2.7B) in minutes, sending BTC down ~$4K and triggering hundreds of millions in long liquidations.
The entity still holds ~152,874 BTC.