BTCVIX

Gambling layoffs galore this week, and honestly it's been a bloodbath for the sports betting industry all year. Penn Entertainment, Gambling[dot]com Group, and Sports all had layoffs this week. PrizePicks and Underdog had layoffs a couple months ago. Story to come @FOS.

Over $50 million into these $IREN 110 calls now. Something brewing?

$IREN closes $3 billion convertible notes offering. The deal terms: > IREN pays just 1% interest per year (super cheap loan). > The loan must be paid back by 2033. > Investors can swap their IOU for IREN stock, but only if the stock price climbs about 32.5% above today's price. > The "capped call": IREN spent $201 million on a side deal to protect existing shareholders. Normally, when IOUs convert to stock, it creates more shares and waters down everyone else's ownership. This side deal cushions that effect up to a stock price of $110.30. Bottom line - IREN raised a huge pile of cheap cash to grow their business, using a clever structure that delays dilution and bets on their stock going up. I believe a deal is imminent. 🧐

🚨 BREAKING: $IREN CLOSES 1% $3B CONVERTIBLE NOTES OFFERING No dilution before $110.30 This insane capital raise doesn’t make sense unless something huge is coming

Quantum computing isn't a 2040 problem anymore. Some recent research from Google, the Ethereum Foundation, and Stanford suggests the compute needed to break crypto encryption may be 20x lower than previously thought. @21shares_us breakdown: 21shares.com/en-us/insights…

we love green

The question: Are you proud to be American? For Democrats, "Yes" has fallen from 92% to 36% in a generation. These are sick people.

BREAKING: 🇺🇸 Senate Banking Committee officially advances the crypto CLARITY Act in a 15-9 vote bill now moves to the full US Senate crypto market structure just took another step forward GIGA bullish if this actually passes

Massive Coinbase x Hyperliquid partnership that could bring $135M - $160M in revenue for $HYPE from USDC yield sharing. Big positive surprise to now have the largest U.S. regulated crypto business aligned with Hyperliquid.

BREAKING: The US stock market just hit an all time high, crossing $77 trillion in market cap for the first time in history.

Today we’re expanding our support for @HyperliquidX by becoming the platform’s official treasury deployer of USDC. Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid - USDC delivers exactly that. Alongside this, we’ve also significantly increased our position of staked HYPE.

BREAKING: The Dow surges above 50,000.

BREAKING: The S&P 500 extends its historic rally into record high territory, now up +18% since its March 30th bottom. That's +$10.2 TRILLION in market cap added in just 6 weeks.

Out of what looks here to be a massive accumulation for $ETH, we are targeting: $5,000 $8,500 $12,000 Ethereum can be subtly leaning into another significant bullish phase...

Garrett Bullish has deposited his remaining $528,190,000 in $ETH into Binance. IMO, once this selling is done, Ethereum could see a decent bounceback.

$ETH is still going up and to the right. What is everyone worried about?

$ETH no more games... The breakout is brewing..

Altcoin MCap is having a bearish retest now. I wonder what'll happen next.

ETH is the business cycle.

BREAKING: The S&P 500 officially rises above 7,400 for the first time in history, now up +17.2% since March 30th. That's now +$10 TRILLION in market cap in 29 trading days.