AuxReignots

天外有天，人外有人

[AuxReignots @Reignots]

New large position in $KSTR, now second biggest after $PURR / $HYPE.

Thesis is simple: name a hardware AI enabler in the US/ROW and the Chinese champion version is in this STAR50 index: Cambricon = $NVDA, Hygon = $AMD / $INTC, AMEC = $LAM, VeriSilicon = $ARM etc.

China MUST win AI as a number 2 to US: better energy situation, greater robotics deployment opportunity, many billions of Chinese and other people globally will not be allowed to use American LLMs (Russia Iran etc.), they will cheaply distill the leading edge LLMs and be “good enough” cheaper versions. And the US will never allow the leading edge hardware into China in size, so the homegrown champions need to do it.

Index is up 36% YTD and flat 5Y; $SOXX up 100%/300% same time frame.

H/T @citrini for yet again flagging an undiscovered gem early here.

https://t.co/PRp9yG2YXc

[AuxReignots @Reignots]

@Henrik_on_HL They ain’t gon do shit

[AuxReignots @Reignots]

Hard to get more bullish Helios comments from Chris $GLXY today: 830MW is rock solid, part of the next 1.8GW will be in Batch Zero.

[AuxReignots @Reignots]

@KyleSamani Fucking loser

[AuxReignots @Reignots]

@galois1900 @bergealex4 @nvk Hash based is just STARKs

Yes lattice would help but so far ZEC uses elliptical pairing SNARKs and does not seem to have a competent enough developer base to migrate to lattice without free riding ETH

[AuxReignots @Reignots]

@bharvisampat The small-brained thinking in crypto is why most will remain in the poverty class.

You don’t know TradFi size.

[AuxReignots @Reignots]

@bitbitcrypto I bet anything he bought this week

[AuxReignots @Reignots]

Let me do some TradFi fathering for all my crypto native children.

@CryptoHayes made a great trade. He can do as he pleases with his own money. It’s prudent to take risk off after a win and go buy another Ferrari.

His size is not size. AF buybacks today will be >$4M. Another $15M TWAP likely from $PURR plus 3 ETFs TWAPing. Every day a new multi-billion hedge fund equity manager calls me and asks me to explain why Hyperliquid is so dominant. Their positions are $100-500M each. Some run multi-billion bets on Anthropic, $SNDK.

$HYPE combines 2 of the greatest business models ever developed in the corporate world into one: an Exchange and a Franchise. Once you establish two-sided volume exchanges enjoy extremely defensible moats that scale and become impregnable. But few exchanges also own a franchise on top where third parties take all the risk to develop protocols and they enjoy a high take rate as the infrastructure provider. This is why Binance and other CEXs have tried and failed to replicate their success in RWA trading.

You don’t understand TradFi size. And if you let a flip flopper KOL talk you out of one of the most profitable businesses ever created with a $1T TAM (global traditional plus crypto exchanges market cap) you don’t deserve to escape the underclass.

Hyperliquid.

CC @Globalflows @dschamis @Henrik_on_HL @HyperliquidX @reisnertobias

[AuxReignots @Reignots]

@thedefivillain Preferred dividends can be cut at will

[AuxReignots @Reignots]

@Henrik_on_HL Yeah but his size is not size

[AuxReignots @Reignots]

@coinbureau Yeah but his size is not size

[AuxReignots @Reignots]

@coingecko Yeah but his size is not size

[AuxReignots @Reignots]

@TidefallCapital @Blinklebloop $KSTR is like buying $SNDK with a Time Machine to last August

[AuxReignots @Reignots]

@johnarnold Unless you are DRC Petrus or Harlan

[AuxReignots @Reignots]

@dontbsalti Do you like to be dominated

[AuxReignots @Reignots]

@JBMason Do you live in Yukon or something

[AuxReignots @Reignots]

@TMtheOG This is a level of cope yet to be documented in scientific literature

[AuxReignots @Reignots]

@skyiszen Tokenomics. Except ZEC. Gotta add VVV to the Mt Rushmore. And ZEC is not quantum-resistant.

[AuxReignots @Reignots]

This mf is the funniest person to have fucked shit up in the history of fucking shit up

[Open Source Intel @Osint613]

Reporter: How do you define ceasefire?

Trump: In that part of the world, ceasefire is when you're shooting in a more moderate manner

[AuxReignots @Reignots]

@zoomerfied