VirtuallBacon

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

[VirtuallBacon @virtualbaconpvt]

@singh_vineet @StockOptions888 Dm me

[VirtuallBacon @virtualbaconpvt]

@CODLeague @CallofDuty @InfinityWard When is comes to fixing the game properly you guys lack that, Africans are lagging bad on ranked you need to fix it on PlayStation. There is no need of bring 4 beta

[VirtualBacon @virtualbacon]

Tomorrow the Coinbase and Circle agreement over USDC enters its first three-year renewal term.

That contract sets how the two of them split the revenue USDC throws off, which in plain terms means who keeps the interest on the dollars backing it.

[VirtualBacon @virtualbacon]

Every cycle I've sat through, the quiet stretch lasted longer than I thought I could stand.

[VirtualBacon @virtualbacon]

Three crypto firms leaked customer data in one week, over 230,000 people. Every one of them through an outside vendor, not a direct hack. Your coins are fine, your phone number is not.

[VirtualBacon @virtualbacon]

austria just handed down its first published fine under MiCA, europe's big new crypto rulebook. 70,000 euros. the offence was filing a whitepaper late.

[VirtualBacon @virtualbacon]

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

🌍Market Overview:

🔸 The US Strategic Petroleum Reserve fell to 298.7 million barrels, its first reading under 300 million since the early 1980s, and heads toward roughly 243 million once the 172-million-barrel Iran war release finishes.

🔸 China's July data missed on every line: retail sales grew 0.6% against 1.5% expected, industrial output rose 4.5% versus 4.8%, and fixed-asset investment contracted 6.7%, piling pressure on Beijing to widen stimulus.

🔸 Stripe finalized a deal to buy AI model-router OpenRouter for more than $7 billion, roughly five times the $1.3 billion valuation from a raise only months ago, a read on how strategic inference routing has become.

🔸 Japan's economy grew 1.1% annualized in the second quarter against 2% expected, with softer domestic demand offsetting strong exports in the first full quarter to carry the Iran war's energy shock.

🔸 HIVE jumped 9% in pre-market trading on a $350 million five-year GPU cloud deal that lifts contracted recurring revenue to about $180 million, another miner turning hash power into AI compute.

🔸 The Empire State factory index jumped to 20.6 from 15.6, its highest in more than four years, where forecasters looked for a drop. That cuts against the September Fed hold futures are pricing. #Markets

🪙Crypto Updates:

🔸 Solana's proposed SIMD-0553 fee overhaul would burn the resource fee rather than pay it to validators, lifting the daily SOL burn from around 648 toward 7,500 to 9,000. Still in its discussion phase. #Solana

🔸 50 million XRP worth $50.5 million left a Ripple-linked wallet for an address with no public identity on August 13, the same stretch in which weekly US spot XRP ETF inflows collapsed 93% to $1.01 million. #XRP

🔸 Hyperliquid put $141 million of its $169 million in second-quarter revenue into HYPE buybacks, which is roughly 83 cents of every dollar earned routed straight back into the token. #HYPE

🔸 Ethena is placing stablecoins into overcollateralized lending arrangements managed through prime broker FalconX, moving more of its reserve base into credit that earns rather than sitting idle.

🔸 Binance gave Russian investigators a customer's passport, address and phone number over transfers worth a little more than $700 to Ukrainian groups. That IT specialist has been jailed since September 2025.

🔸 Chainalysis is suing the US government over an ICE contract worth about $94.6 million that went to rival TRM Labs on a single bid, calling the sole-source award arbitrary, capricious, and unreasonable. #Crypto

[VirtualBacon @virtualbacon]

Only 27% of big US active funds beat their index fund over the year to June. Paying someone to pick stocks lost to doing nothing, three times out of four.

[VirtualBacon @virtualbacon]

$48 billion of borrowed bets on bitcoin, against only $25 billion of daily trading.

Not many buyers to catch it if that unwinds.

[VirtualBacon @virtualbacon]

NEAR had every ingredient for the 2024 and 2025 AI run and it still made a new low. I followed the project since 2023, through the whole pivot from layer 1 into AI, and that one fact keeps it off my buy list.

[VirtualBacon @virtualbacon]

Cboe filed to list the first 3x bitcoin and ether ETFs in the US. The same sponsor already runs a 2x ether fund that lost 79.61% in the year to June 30.

[VirtualBacon @virtualbacon]

Almost three quarters of last week's $18.6 billion into global stock funds went to Europe. The US got $2.6 billion. Odd for the biggest market in the world.

[VirtualBacon @virtualbacon]

Galaxy has cut the odds of the US crypto market structure bill passing this year from 75% in May to 10%.

Executives meet the White House on Wednesday, but the Senate does not vote until September 15. The odds keep getting worse.

[VirtualBacon @virtualbacon]

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

🌍Market Overview:

🔸 Anthropic reported preliminary second-quarter revenue above $11.5 billion, up from $787 million a year earlier, and bankers are pricing a possible IPO off a projected $190 to $200 billion of 2028 revenue. #AI

🔸 Kalshi accused Nevada's gaming regulator of violating federal law after the state sought penalties of $120,000 a day. Investigators had placed nine trades on Kalshi's app in Nevada past a court-ordered deadline.

🔸 Nvidia is in talks to put as much as $3 billion into SoftBank's SB Energy, which is building OpenAI's Ohio campus. Days earlier it cut its guarantee on that project to under $120 billion from $250 billion.

🔸 SpaceX closed its acquisition of Cursor, the AI coding startup, which says it now gets access to the largest fleet of GPUs in the world. The April deal carried an option to buy Cursor for $60 billion.

🔸 Washington is preparing to tell the 35 signatories of its AI Opportunity Statement they will be shut out of the US-led AI coalition if they also sign up for Beijing's competing framework.

🔸 The AI selloff reached the top of the market-making chain. Jane Street lost roughly $15 billion in July, its first down month in about a decade, as the AI fund Situational Awareness sank. #Markets

🪙Crypto Updates:

🔸 Hyperliquid traders are marking Chinese robot maker Unitree near $38 billion on pre-IPO perpetuals, about four times the roughly $9 billion valuation of its Shanghai listing at 150.80 yuan a share.

🔸 Wrapped SOL went live on the XRP Ledger's native DEX through Axelar. XRPL Foundation director Hussein Zangana warned that Axelar currently remains the only legitimate wrapped SOL issuer.

🔸 Ethereum developers narrowed the scope of Hegotá, the 2027 upgrade. FOCIL is its only scheduled EIP so far, dozens of proposals remain under review, and client teams owe preference lists by September 10. #Ethereum

🔸 Russia runs 16.4% of Bitcoin's hashrate, an estimated 175 exahashes per second, and mining is barred in Moscow, the surrounding region and parts of Kursk, with restrictions set to run through Dec. 31, 2032. #Bitcoin

🔸 Lido switched on NEST, an automatic LDO buyback capped at $50K a day and $10M a year. It only spends half of daily staking revenue above $109K, and the protocol has been making around $75K.

🔸 Paul Tudor Jones's firm bought BlackRock's Bitcoin ETF again after a year of selling, lifting its IBIT holding by 109,446 shares, or 18.9%, from 579,083 at the end of March.

[VirtualBacon @virtualbacon]

BTC 63,008. Basically where it was yesterday, and the day before. A 200 dollar range over 24 hours. Boring is not the same thing as bearish.

[VirtualBacon @virtualbacon]

Two Abu Dhabi funds hold $764 million of BlackRock's bitcoin ETF between them. Neither moved a single share last quarter. Not traders, just holders.

[VirtualBacon @virtualbacon]

Chainlink is up about 14% this week while bitcoin is down 3%. Basically the only green thing on my screen.

[VirtualBacon @virtualbacon]

UBS went from call options on 80,000 shares of BlackRock's bitcoin ETF to 1.95 million in one quarter.

The filing does not say whether that is the bank's own bet or its clients'. Worth knowing before anyone calls it a signal.

[VirtualBacon @virtualbacon]

Norway's sovereign wealth fund, the biggest in the world, just disclosed $81.9 million of BitMine stock. BitMine's whole business is holding Ethereum, 5.8 million coins of it.

[VirtualBacon @virtualbacon]

Reddit joins the S&P 500 before Tuesday's open. JPMorgan figures index funds have to buy 16.7 million shares, about three normal days of volume, whether they want the stock or not.