Adriano_C

@mert @zodl_app Honestly I find it pretty good

if this made you cringe, you can encrypt your bitcoin on @zodl_app and hide your shame

@BSCNews @solana @calilyliu And yet it is so inflationary, and transaction fees are so low and they need to stay low not to lose to competitors, that SOL will never be scarse and pushed up by demand.

SOLANA POSITIONS ITSELF AS THE PAYMENT LAYER FOR THE AI MACHINE ECONOMY @solana Foundation President Lily Liu (@calilyliu) used her Consensus Miami 2026 keynote to frame $SOL not as a competitor to Ethereum, but as the settlement rail for both human and machine economies. Her supporting evidence: Western Union picked Solana to launch its USDPT stablecoin. Visa runs USDC settlement on $SOL. Shopify processes USDC payments through @solana. The chain has become the default for stablecoin throughput.

@SuiNetwork @EmanAbio So holding $sui is useless then

$0. That would be the cost of moving millions on Sui. At Sui Live, @EmanAbio laid out a vision where money moves as freely as messages. Payments truly free for anyone, anywhere. Sui is architected to support free multi-stablecoin transfers at any scale. Mainnet imminent.

@benjamin_woods And what’s the point of SUI if you can’t use it because it gets hacked non stop?

The only Nasdaq-listed company holding $SUI just pulled ALL of their tokens out of DeFi. SUI Group Holdings (SUIG) reported Q1 earnings yesterday. They hold 108.7 million SUI. That's roughly 2.7% of all circulating supply. On the call, their CIO said: "18 DeFi protocols have been hacked in the last few weeks. We took the precaution to remove all our SUI from DeFi ecosystems out of an abundance of caution." 108.7 million tokens. Off DeFi. Moved to direct staking. Here's what that actually means for the SUI setup: Those tokens are now staked, not sitting in lending pools or DEX liquidity. Staked = locked. Locked = less liquid supply. Less liquid supply + 74% already staked = the float just got even tighter. Meanwhile, Sui Foundation committed to compensating @AftermathFi exploit victims ($1.14M lost on Apr 29). The hack wave is real. But the institutional response tells you the difference between a chain that absorbs a crisis and one that collapses from it. Institutions aren't leaving SUI. They're moving from DeFi risk to staking safety. That's not bearish.

@martypartymusic You can remove XRP and Cardano from that list.

People - all L1 blockchains that have a US ETF or CME Futures contract have made it. Their native token valuations will rise based on value transacted on their network, value stored on their network and profile of institutional adopters and scale of user adoption. Speculative value is over we are moving to fundamental value. All valuations today are misleading. On Clarity and Genius Jan 17 2017 we will begin to see the real valuations as the supercomputers begin to run the financial infrastructure. They are: Bitcoin, Solana, SUI, Ethereum, Avalanche, XRP, Cardano, Hyperliquid Each of these will be loaded up with tokenized dollars, debt, rwa and equities. Institutions will integrate and deploy apps against these and the performance of adoption and user traction will begin to reveal true value.

@BitPaine @TimKotzman Maybe a more straight forward way to think about this is re arranging as: sell stretch, buy a ton of bitcoin with that cash, sell a bit of bitcoin possibly generating tax losses in the process to fund the new dividend obligation, no dilution for MSTR shares, MSTR/btc goes up

Why is Saylor saying he’s going to sell $BTC? You should see this like Trump / Bessent tweeting about negotiations at strategic times to liquidate oil futures traders. It’s jawboning. You have to start reorienting your entire understanding of $MSTR around $STRC, which will drive the entire bitcoin market within 2-3 years. Buyers of $STRC are (digital) creditors. In exchange for an 11.5% dividend, they are lending capital to management to buy $BTC on behalf of the $MSTR shareholders. Buyers of the $MSTR are debtors. They are taking the capital from $STRC lenders and buying bitcoin with it, betting that $BTC will appreciate more than 11.5% and they come out ahead. But here’s the rub: by committing NEVER to sell $BTC, this leaves only one mechanism for the debtor ($MSTR) to pay the creditor ($STRC), which is to sell $MSTR. Now in theory even selling $MSTR should be accretive, as long as the market values the common stock above a certain mNAV, which, given the performance of $STRC, it SHOULD. But $MSTR doesn’t trade at a fixed exchange rate to $BTC, and, with $STRC driving $BTC up and putting dilution pressure on $MSTR, a short seller can fairly reliably go short $MSTR / long $BTC, artificially driving down mNAV, and suppressing the $MSTR / $BTC exchange rate. This forces management sell $MSTR to cover $STRC dividends even when this results in dilution to $MSTR shareholders. Until recently this has been de minimis compared to the amount of $BTC $STRC is acquiring for the shareholders. BUT As $STRC scales and $MSTR adds another, say 500,000 $BTC, which is achievable in the relatively near term, two things happen: 1) the scale of the dividend obligation grows relative to the market cap is the company, putting downward pressure on $MSTR / $BTC. 2) the forward expectation for $BTC yield diminishes compared to current holdings, also putting downward pressure on $MSTR / $BTC. Now, the net function of the system is still very accretive to the common stock, but less so than if the short pressure artificially driving down $MSTR relative to $BTC could not reliably do so. Saylor is currently giving this trade a free lunch by saying, “we’ll never sell $BTC.” It’s like Trump saying “no Iran deal.” Saylor needs the market to think, at all times, that there “might be, maybe, a very promising deal.” It’s less about Saylor selling $BTC than the market knowing he can and would, if the $MSTR / $BTC ratio were to drop artificially low. In that scenario, he could sell some $BTC to pay $STRC dividends issue new $STRC to buy back $MSTR common stock. This would put direct upward pressure on the $MSTR / $BTC ratio closer to its “natural” market mNAV, squeezing short sellers out of their positions and returning equity capital to common stock shareholders in the process. It’s less important that he does this regularly than that the market believes he can and will do this to defend the mNAV, which makes the “Chanos trade” riskier and less profitable, like Trump’s jawboning liquidates oil futures traders. This is about adding a lever he can pull to raise and deploy capital, even if he rarely or never pulls it.

@TrustlessState It is sad that animals have to die to end up on your plate.

Sad! Meat, especially beef, is the single most nutritious food known to man. Cultures that reject meat will simply experience lower quality of health

@scottmelker Or maybe the app just doesn’t work?

Wore an Oura ring for months. It gave me great insight into my sleep, recovery, and activity. Genuinely useful. But I stopped. At some point, I realized I didn’t need more data — I needed to trust how I actually feel. My “readiness score” would tell me to rest… on days I felt amazing. Or warn me I slept poorly… before I even got out of bed. And here’s the problem: Those scores start to shape your mood. You wake up feeling good, check your app, see a low score — and suddenly you don’t feel so good anymore. We’ve outsourced intuition to algorithms. Data is powerful. But if you’re not careful, it doesn’t just measure your day. It decides it.

@MikeIppolito_ Really all they need to specify is what utility the token has or if they do any buyback based on revenue; otherwise it’s just meme coin level stuff

The biggest difference between equity and tokens is trust. Tokens are better structurally than equity in theory: they're programmable and trade on global rails. The issue is the current iteration sucks and it's unclear what you're buying. If Blockworks is successful, this will be a solved problem in a year or so. Trillions.

@TheFigen_ It’s just easier to pretend they don’t and eat meat

It still blows my mind that some people actually believe animals don’t feel anything or have emotions.

@dmweisberger @RobertKennedyJr Dave, one reason might be that you also walked much more during your time in Italy?

I just spent 2 incredible weeks in Italy and it is so frustrating to come back to the U.S… How is it possible @RobertKennedyJr that the Italian food supply is so vastly superior. I literally ate bread at every meal, dessert multiple times per day, and generally ate way more than I do in the U.S. Not once did I have acid reflux. Not one headache, no digestive problems, and I didn’t gain any weight. If I ate the same way in the U.S. (I used to at times) I would have gone through a full bottle of Tums and Advil just to get through the day… WHY does the U.S. allow glyphosate in wheat, high fructose corn syrup in food and who knows what in our milk products? The difference in quality of life in Italy vs the U.S. is staggering from their common sense (anti corporate) food regulation. WHY aren’t more people upset about this? The U.S. is the richest country in the world and we eat like one of the poorest.

@kashyap286 Are you saying that these swap lines are for free and India does not need to pay back the dollars?

Say India gets a Fed swap line. The RBI, India's central bank, will make use of that swap line to prevent currency devaluation. So far, they have tried to stop capital flight with a 20% exit tax and clamping down on crypto transfers. But since everyone knows the rupee is going to depreciate 10% a year, investors are paying the tax to get their money out, right up to the yearly $250,000 limit. Until a few years ago, Indian investors could access global equities through Indian mutual funds. The demand was so overwhelming that the RBI limited such investments to ~$2,100 per taxpayer. All this just to "manage" the depreciation curve and keep the rupee from going the way of the Ghanian cedi. But, India is undergoing an inflationary boom a la US in 2004, and with much better demographics. If they can stabilize the rupee through swaps and eliminate the reasons behind capital flight, local equities will become more attractive. So the Fed swap line lowers demand for USD and US assets, and raises demand for assets in the beneficiary nation. Unlimited swap lines is a net benefit for Asia and a negative for dollar hegemony. It is going to backfire by making US assets less attractive for global capital.

Winter's Over

@PeterSchiff $MSTR will rally after this. Thank you for doing it.

@defidevcorp What’s the technical reason that explains this difference?

April 18: KelpDAO drained for $292M, and DeFi scrambles to exit. Avg. $ETH fee: $0.02 → $0.47 in two hours (25x surge) Avg. $SOL fee: up 21%, never broke $0.0006 Same shock, same response. Two very different outcomes.

@TedPillows Do you remember bitcoin? Buy bitcoin on the bitcoin blockchain.

Yesterday I had a moment of panic, thinking AAVE had been compromised. Now I’m really unsure what to do with my staked assets. This is really bad for DeFi and its adoption by institutional investors.

@andyyy Maybe ripple:native army was right all along. They never even tried.

I remain optimistic about the future possibility of low-risk, resilient DeFi. It just doesn’t exist today yet.

@realannapaulina Or just read a book.

Read the book of Enoch.

@0xQuit @EffortCapital Yeah return to native Bitcoin.

Confidence in DeFi is at an all time low right now. We need to go back to basics. No reason somebody looking to deposit eth to borrow usdc should be vulnerable to contagion from a bridge for liquid restaked rsKxyzstETH. Return to pristine collateral.

@uttam_singhk The true winner is bitcoin. Why do you need a chain to lose your usd tokens when you can just buy bitcoin and keep your usd in a bank?

honestly bro defi is fucked everyone was worried about quantum but exploits are already happening nonstop wouldn’t be surprised if attackers are already using AI to find exploits faster than we can patch them