VirtualBacon (Private)

Crypto trader and investor. I share my real portfolio, daily market updates, and live streams 3x a week on YouTube. My trading system and calls: @The_Coiners

[VirtualBacon @virtualbacon]

I'm a Crypto angel investor since 2017 having invested in 100+ startups. Many failures, few unicorns.

Follow me for👇
Narratives and Guides: https://t.co/9MAlHGP5fj
Trading Alpha: https://t.co/e2ht5WRfyq
Community: https://t.co/7SUf5bPnN0

[VirtualBacon @virtualbacon]

Morgan Stanley says the 9 to 5 banking day is dying. crypto never had one.

[VirtualBacon @virtualbacon]

☕️ GM! Here are the most important market events over the last 24 hours:

🌍Market Overview:

🔸 The Fed held at 3.50% to 3.75% on a 9-3 vote, with Hammack, Kashkari and Logan dissenting for a 25 basis point HIKE, the most members pushing for an increase since September 2016. September hike odds now top 57%.

🔸 Microsoft posted $90.01 billion of fiscal fourth-quarter revenue against $87.62 billion expected, and full-year Azure revenue topped $100 billion for the first time. Azure growth accelerated to 43% from 40%. #AI

🔸 The Nasdaq closed 1.74% lower at 24,442.94, more than 10% off its record and in correction, and the Dow lost 1,153.18 points. Warsh's tough talk failed to convince the bond market, where the 30-year hit 2007 highs.

🔸 Zuckerberg raised the low end of Meta's 2026 capex range by $5 billion to $130 billion to $145 billion after free cash flow shrank 90% from a year earlier. Shares fell more than 7% after hours, down 11% on the year.

🔸 Q2 GDP slowed to a 1.5% annual rate from 2.1%, but the drag was government spending, not demand, which accelerated to 3.9%. Prices ran hot: the gross domestic purchases index jumped to 5.7% from 3.6%.

🔸 OpenAI is handing academic researchers free access to its frontier models across ChatGPT, ChatGPT Work and Codex, starting with 10,000 this summer and expanding to 100,000 through 2027. #OpenAI

🪙Crypto Updates:

🔸 XRP Ledger activated its fixCleanup3_2_0 amendment on 85.71% validator support, 30 votes for and five against, making 3.2.0 the minimum release and amendment-blocking every node still below it. #XRP

🔸 Pump.​fun's token graduation rate hit 6.7%, roughly 8x the June average, after BOOST began redirecting the 20% of migration liquidity that used to sit dead in the PumpSwap pool into automatic buybacks.

🔸 The Ethereum Foundation put security researcher pcaversaccio, co-founder of the SEAL 911 emergency response initiative, on its board for a one-year term, taking it to four. First addition after a year of exits. #Ethereum

🔸 MoonPay launched PayBox, a payment vault that lives inside Claude and ChatGPT and lets AI agents pay for things, covering Solana plus seven Ethereum-compatible chains and built on Coinbase's x402 protocol.

🔸 Blockaid counted 212 verified exploits in the first half of 2026, the highest half-year count on record, with more than $1.1 billion stolen. Compromised keys and signing infrastructure drained 74% of it. #crypto

🔸 Crypto held flat through last Thursday's $797 billion drop in US megacap tech and Korea's record two-day slide, which CoinDesk reads as thinning liquidity, not an equities reaction. BTC $64,100, ETH $1,905.

[VirtualBacon @virtualbacon]

Big tech will spend about $698 billion building AI this year. That is almost exactly what the four big chipmakers will make from it. Good for the chipmakers.

[VirtualBacon @virtualbacon]

Bitcoin barely moved in the last day and $286 million of leveraged bets still got wiped out. Thin market, so expect more of these shakeouts.

[VirtualBacon @virtualbacon]

About 85% of S&P 500 companies beat their earnings estimates this quarter, the most in five years. The stocks are falling anyway.

[VirtualBacon @virtualbacon]

Samsung's chip business made 99.7% of the entire company's profit last quarter. The phone business actually lost money because memory chips got too expensive. Wild.

[VirtualBacon @virtualbacon]

https://t.co/QfqP7y02ce

[VirtualBacon @virtualbacon]

LIVE NOW. Fed Day Live: Bitcoin, AI Stocks and Gold Analysis. Come through:

https://t.co/GbrDh2QqWI

[VirtualBacon @virtualbacon]

One thing that always annoyed me about perps: you can't predict the funding cost of holding a position. On GRVT this is now shown before opening a position. Another W feature for power traders shipped by GRVT.

[VirtualBacon @virtualbacon]

☕️ GM! Here are the most important market events over the last 24 hours:

🌍Market Overview:

🔸 SK Hynix grew second-quarter revenue 257% and operating profit 557% year on year, and still fell short of what analysts wanted. The stock closed 9.6% lower in Seoul after dropping as much as 15% intraday.

🔸 Iran's Revolutionary Guard fired ballistic missiles at US forces in the Middle East overnight, all intercepted according to Centcom. Brent September crude gained 3.42% to $86.97, WTI added 3.58% to $82.09.

🔸 Worry about circular AI financing, Chinese competition and the staying power of the investment cycle has the Philadelphia semiconductor index down more than 22% this month, its sixth-worst month ever. #AI

🔸 Meta handed BlackRock-managed funds an 80% stake in its $14 billion El Paso data center and kept 20%, with $12.5 billion of BlackRock's side financed by debt. AI capex is moving off the balance sheet.

🔸 Apple briefly touched a $5 trillion market cap for the first time Tuesday, reaching $342.89 before closing at $340.08. The stock is up 25% this year while Apple keeps its capex low. #Apple

🔸 Health care and financials sector ETFs closed at record highs Tuesday while the tech sector ETF hit its lowest since May 7. The Dow rose 1.03% to 52,747.32 and the Nasdaq slipped 0.22% to 24,876.91.

🪙Crypto Updates:

🔸 Zcash activated its Ironwood upgrade at block 3,428,143, sealing the Orchard shielded pool that held about 3.66 million ZEC, roughly $1.7 billion. Every coin has to be moved out by its owner. #Zcash

🔸 Trade​.xyz will reimburse everyone liquidated in the $60 million cascade its SK Hynix perpetual caused. The mark price fell from about $1,128 to $917 at 23:01 UTC on July 27 on one thin Korean trade.

🔸 Core Scientific signed 15-year leases with AMD for 529 MW of US AI capacity, worth more than $14 billion in contracted revenue, while its own self-mining revenue fell 66% to $21.5 million. #AMD

🔸 Russia's FSB charged Telegram founder Pavel Durov with aiding terrorist activity and put him on an international wanted list, a charge that can carry life imprisonment. Telegram is the home of The Open Network.

🔸 Ionic Digital, the bitcoin miner formed out of Celsius Network's bankruptcy, opened at $50 and closed at $62.90 in Nasdaq's largest direct listing since 2021, finally handing claimholders an exit. #Bitcoin

🔸 Binance began selling European-style gold and silver options through its ADGM-regulated Nest Exchange, after its metals perps peaked at $7.77 billion daily in gold and $7.27 billion in silver.

[VirtualBacon @virtualbacon]

Fed decision at 2, then Microsoft and Meta earnings after the close. Busy afternoon.

[VirtualBacon @virtualbacon]

Morgan Stanley's new ETH and SOL funds pass the staking rewards straight to you instead of keeping them. Cheapest option out there right now, which is good for buyers.

[VirtualBacon @virtualbacon]

the deeper a bear market goes, the more bullish I get. same coin, cheaper.

[VirtualBacon @virtualbacon]

Corning beat earnings and the stock still dropped 17%. Doing better than expected is not enough anymore if you sell into AI.

[VirtualBacon @virtualbacon]

CENTCOM says every Iranian ballistic missile fired at US forces tonight was intercepted. Oil spiked hard on the first headlines, which came out of Iranian state media. Worth waiting for the second headline.

[VirtualBacon @virtualbacon]

Over the past two months the wallets holding 1,000 to 10,000 bitcoin added about 66,700 coins. Mid sized holders sold roughly the same amount. So the coins are moving from smaller hands into bigger ones while the price sits still. I like that setup.

[VirtualBacon @virtualbacon]

The bond market is getting nervous about AI. Insuring Oracle's debt against default now costs about 50% more than it did in January, and Nvidia's is at a record too. Nobody thinks these companies are going bust. Lenders just want more to hold the risk.

[VirtualBacon @virtualbacon]

Thailand's regulator filed a criminal complaint saying the crypto exchange Bitkub hid a $50 million hack back in 2021. Bitkub says it stayed quiet to avoid a bank run and that customers were paid back. Five years is a long time to sit on that.

[VirtualBacon @virtualbacon]

☕️ GM! Here are the most important market events over the last 24 hours:

🌍Market Overview:

🔸 South Korea's Kospi closed down 10.84% at 6,023.66 after a 20-minute circuit-breaker halt, Samsung fell 13.4% and SK Hynix over 14.7%, and Japan's Nikkei lost 3.95%. The Kospi is now down about 45% from June highs.

🔸 Microsoft launched its first cybersecurity model, MAI-Cyber-1-Flash, alongside an agentic security platform called Perception, aiming straight at Anthropic, Google and OpenAI. Both hit preview November 3. #AI

🔸 Nvidia fell over 5% on the OpenAI backstop report, pushing its market cap just below $4.8 trillion and handing Apple back the title of world's most valuable company at $4.95 trillion. #Apple

🔸 Moonshot AI released the weights for Kimi K3, its 2.8-trillion-parameter model and the largest open-weight system publicly available, so developers can now download, tweak and self-host it for free.

🔸 A federal judge handed Kalshi, Polymarket and the CFTC a preliminary injunction against Minnesota's prediction-market ban, ruling the first-in-the-nation state law is likely preempted by federal commodities law.

🔸 Ilya Sutskever's Safe Superintelligence broke two years of stealth with a long-term Nvidia partnership, a deal Bloomberg puts at $5 billion, lifting its compute an order of magnitude on the Vera Rubin platform.

🪙Crypto Updates:

🔸 Lido started its largest upgrade since 2023, consolidating over 8 million staked ether worth roughly $16.5 billion onto Ethereum's post-Pectra validator design and cutting the validator count by about a third.

🔸 Zcash activates its Ironwood upgrade today at block 3,428,143, permanently retiring the Orchard shielded pool and routing exiting funds through a checkpoint that could show whether counterfeit ZEC was ever made. #Zcash

🔸 Perpetuals tracking SK Hynix on Hyperliquid crashed 20% to $900 inside one minute, then rebounded above $1,000, after a single odd pre-market trade in Seoul fed the oracle. The operator is investigating. #Hyperliquid

🔸 Ondo Finance launched the Ondo Network, an execution layer built for exchange-like speed that settles on Ethereum, and confirmed it replaces the planned Ondo Chain. CEO Ian De Bode: the two will not run in parallel.

🔸 The Kospi halt dragged crypto down with it: Bitcoin slid about 2.85% to near $63,490 from close to $65,000, with ether, XRP and Solana weaker too. BTC is back in the lower half of its recent range. #Bitcoin

🔸 Strategy, BlackRock and Coinbase are among nine firms pledging $15 million over three years to quantum-proof Bitcoin, as Hong Kong's monetary authority scored its own banks 2.3 out of 10 on quantum readiness.