Michael | Maloha

@BMF_Bund Welche Nutzerdaten sind dies genau?

Heute im Kabinett beschlossen: Mehr Steuertransparenz, auch bei Krypto.

@Porsche @BMW take a look. Don’t do it like this. You can do better. Thanks 🙏

Or no one wants it right now. If everyone is sitting on their hands, price will not go up. Who is buying???

@Jeremybtc A Ferrari needs emotions. This is a car no one need but most want. It was never supposed to be perfectly designed. Hiring an overpaid iPhone designer for an emotional product does not get into my head.

Ferrari paid Jony Ive to design a car and ended up with a kitchen appliance worth $640,000 that wiped $4 BILLION off the stock overnight. > Ive left Apple in 2019 and founded a design studio called LoveFrom with Marc Newson. > In 2025 OpenAI bought his hardware company for $6.5 BILLION. Their first device was supposed to ship in 2026. It's now delayed to 2027. > The Humane AI Pin, designed by ex-Apple veterans inside Ive's orbit, launched in 2024 and was sold to HP for scraps within a year. > Today Ferrari unveiled the Luce, the most expensive car Ferrari has ever sold. The first full car LoveFrom has ever designed. A 4 door 5 seat $640,000 electric grand tourer. > The internet hated it. > Ferrari stock dropped 7% in 24 hours, the biggest single-day fall since October. Roughly £3 BILLION wiped off the market cap. > The reveal was supposed to be Ferrari's iPhone moment. Instead it was Ive's third public product since leaving Apple, and his third public miss. The man who designed the most iconic product of the last 20 years has had a hard time finding the next one. Every project Ive has touched since Apple has been delayed, scrapped, or sold off. The Luce is the first one that took someone else's stock down with it.

@MMCrypto Italy, the country of beautiful cars

New Electric Ferrari. Please someone save humanity.

Hey @grok how many wrong ceasefire announcements have we seen in this Iran war already?

@TedPillows He will not do it

🇺🇸🇮🇷President Donald Trump has limited and risky military options against Iran. Tehran has survived weeks of bombing without retreating and has become more defiant. Iran is rebuilding its air defenses and may be receiving support from China and Russia. Any new U.S. attack could pull Washington into a costly wider conflict and expose American forces to drone strikes.

I am still waiting for the real capitulation, this bear market is too simple right now

@TedPillows Can someone please take away his mobile for some days

Trump announced a deal yesterday right? 😅

@TedPillows Hard to claim to be the reason for peace when you are responsible for the war in the first place

What if this is part of the strategy? First, I genuinely hope the war ends. I hate wars. But Trump positioning himself as someone trying to bring peace could shift public perception. If Iran refuses certain conditions or rejects negotiations, it may allow him to claim that military action became “necessary.” And that could lead to attacks even stronger than before. Again, just a thought, not a prediction.

We are really living in a simulation. You cannot make all this up.

US and Iran discussing: Are me making peace yet or what?

@TedPillows „Drafting a framework“ means actually nothing. Markets will think it’s a peace deal, but it’s not

Iran says they're in the "final stage" of drafting a framework for a deal with the US. Also, mediators are saying that the US and Iran are close to extending the ceasefire by 60 days.

@KobeissiLetter What a clown show. So they can play with the markets even longer. A deal is not made by giving media information but by talking with each other

BREAKING: The US and Iran are closing in on a deal that would extend their ceasefire by 60 days and lay the framework for discussions on Iran's nuclear program, mediators say. Details include: 1. This would include a "gradual reopening" of the Strait of Hormuz 2. It would also include a commitment to discussing the "diluting or handing over" of Iran's highly enrich uranium 3. The US would ease its blockade of the Strait of Hormuz and agree to sanctions relief 4. The US would also begin a phased unfreezing of Iran's assets Both sides are nearing a "memorandum of understanding" to extend a ceasefire.

@FurkanCCTV Die werden sicher nicht Spot kaufen sondern OTC ohne direkten Preisimpact.

Es gibt Momente, in denen sich die Regeln dafür ändern, was ein Staat in seiner Bilanz hält. Heute ist so ein Moment. Im US-Kongress wurde der American Reserve Modernization Act eingebracht, kurz ARMA. Das Gesetz verpflichtet das US Treasury, fünf Jahre lang jährlich bis zu 200.000 Bitcoin am offenen Markt zu kaufen und die Bestände anschließend mindestens zwei Jahrzehnte lang zu halten. Ein Verkauf wäre nur dann zulässig, wenn der Erlös unmittelbar in die Tilgung der Staatsschulden fließt. Der entscheidende Punkt ist die rechtliche Verankerung. Trumps Executive Order vom März 2025 hatte die Strategic Bitcoin Reserve zwar ins Leben gerufen, aber jede Executive Order endet mit dem nächsten Wahlsieger. ARMA überführt die Idee in Bundesgesetz und macht sie damit unabhängig von künftigen Administrationen. Eingebracht wurde die Vorlage mit 16 Co-Sponsoren und parteiübergreifender Unterstützung, was für eine Bitcoin-bezogene Gesetzgebung in Washington historisch ungewöhnlich ist. Die Finanzierung kommt ohne neue Haushaltsmittel aus. Die Fed hält bis heute Goldzertifikate, die mit 42,22 USD pro Unze bilanziert sind, weit unter dem aktuellen Marktpreis. Diese Differenz wird realisiert und in Bitcoin umgesetzt. Daneben entsteht ein separater Stockpile für andere beschlagnahmte Digital Assets, getrennt von der Bitcoin-Reserve. Die Coins selbst müssen in Cold Storage gehalten werden, und private Wallets der Bevölkerung werden ausdrücklich vor staatlichem Zugriff geschützt. Begichs Argumentation für die Auswahl von Bitcoin ist marktwirtschaftlich. Gold dominiert die Edelmetallreserven, Bitcoin dominiert mit rund 60% den Crypto-Markt. Wenn der Markt entschieden hat, was als Speicher von Wert gilt, dann hält der Staat beides. Was das kurzfristig noch nicht bedeutet, ist ein direkter Kaufdruck am Spot-Markt. Der erste tatsächliche Treasury-Kauf wäre frühestens Q4 2026 zu erwarten, vorausgesetzt das Gesetz kommt vorher durch beide Kammern. Bitcoin notiert aktuell um 77.000 USD. Das Setup ist eingepreist, das Outcome nicht. Worauf ich in den kommenden Wochen schaue, sind drei Dinge: die Senatsabstimmung vor der Sommerpause, die Zahl der demokratischen Co-Sponsoren am Ende des Prozesses, und ob die rechtliche Konstruktion der Goldzertifikat-Aufwertung Bestand hat. Sollte ARMA durchkommen, würden die Vereinigten Staaten als erster G7-Staat zum aktiven Käufer am Bitcoin-Spotmarkt werden, mit festem Jahresbudget und gesetzlichem Mandat. Eine Anlageklasse, die noch vor wenigen Jahren als reine Spekulation behandelt wurde, stünde damit auf Augenhöhe mit den Goldreserven der Vereinigten Staaten. Die Kursbewegung kommt später. Was sich heute strukturell verändert, ist die Identität der Käuferseite. Wenn dich solche Insights interessieren und dir helfen, interagiere gerne mit dem Post. 🧡

@BullTheoryio They are hedging …something retail is not doing but actually business as usual at this elevated levels

🚨Hedge funds are shorting the US stock market at the highest level since 2021. Short exposure to US equity index and ETF products just hit 13% of total gross exposure. It is nearly double where it was before COVID and the highest reading in 5 years. The S&P 500 is near all time highs. Bond yields are at 2007 levels. And Japan's bond market is cracking. Korean retail investors are borrowing record amounts to chase stocks higher. Retail is buying and Hedge funds are shorting. One of them is about to be very wrong. Chart: @dailychartbook

@RaminNasibov Did people question why the internet is free?

Funny how nobody’s questioning why AI is free.

3/ For Bitcoin, the institutional narrative is getting weaker. We just saw a massive $1B weekly spot ETF outflow, and BTC lost its STH cost basis. I broke this down in yesterday's update for my German-speaking subscribers: 👇

Global bonds are going north across three continents simultaneously, yet most are still micro-analyzing 1-minute crypto charts. The era of cheap money for governments is officially over. A capital rotation is going to start Here is what the bond market is screaming right now: 🧵