Erick Barraza (✨🔴_🔴✨)

@James6Rv01 for now just a headline...but down the road it might get traction in Korea and the USA

@BruinMMA You think this is serious or just headline noise?

Overnight stocks tanking, what’s the headline?

@mcagney @Figure As someone that sells puts, will this be possible on blockchain?

To all the $FIGR holders... First off, I want to thank you for being a @Figure investor - we appreciate your support. One of Figure’s key initiatives in 2026 is to demonstrate the value proposition of OPEN (On-Chain Public Equity Network). Specifically, we want to show that when you migrate stock from the national market (e.g., Nasdaq or NYSE) to blockchain and force the borrow/short sales to happen on blockchain, two key things happen: - Investors get the full economic benefit of lending out stock. Today, much of that benefit is taken by the prime broker who sits in between borrower and lender. I’ve heard of situations where the borrower is paying 30% or more for stock on “special” (i.e. high short demand), while the lender is getting 3%. The prime brokers make an enormous amount of money intermediating the borrow. - Companies create a countervailing force to short selling interest. When stock is heavily shorted, the high borrow cost creates a reason to be long the stock, akin to a “free” dividend We are building a pipeline of companies to list on OPEN, and I want to be able to demonstrate this value proposition to them. This is where we need your help. I’m asking you to move at least some - if not all - of your Nasdaq shares of FIGR onto the blockchain (FGRS). Once we get a critical mass of stock on the blockchain, the borrow will flip and have to happen there. In doing this, you: - Will earn the full benefit of any shares you lend out for borrow. - Irrespective of whether you lend shares, you will demonstrate the validity of OPEN to other companies. - If you are a fund or SPV, it is much cheaper, faster and easier to distribute shares to your LPs vs brokerage distribution. - You (or your LPs) can switch shares back to Nasdaq at any time, without cost or tax consequences. I’ve heard a few reasons why people/funds are hesitant to make this switch, including: - Concern about liquidity on OPEN. Jump provides liquidity today, and will make as much market depth as is needed to support liquidity. In fact, OPEN is open 24x7 - with significant liquidity during US and Asia market hours. And - as mentioned above - if you feel you need to, you can move the stock back, usually the same day (or one business day later in the worst case). - Concern about wallets/QCs. There are a variety of ways to hold FGRS, including through a Figure Markets wallet or a BitGo qualified custodian wallet (with more options coming). - Concern about losing keys. FGRS is a security, not a bearer asset. If for whatever reason you lose your keys (or your security), Figure’s transfer agent mints you a new one. The net is, hopefully you own FIGR because you believe in our ability to bring capital markets to blockchain. And now you can directly impact how fast we do this by migrating your stock to OPEN. To make this easy for you, Jacob - @ZawadaJacob - will handhold you through the process of migrating. DM him, and if you have any questions, respond to this thread and I'll answer them. Thanks!

@alc2022 amen

There's 0 reason for $IBRX Anktiva to not be approved worldwide for every single condition known to man

Back-of-envelope numbers for 1 gigawatt data center: All-in Capex: ~$50 bn Enterprise revenue generated: ~$25-30 bn/year Electricity cost: $1-2 bn/year ~2 year payback. The boom is real.

@TrungTPhan i have seen him in a Popeye commercial

DeepSeek is raising $7B at $50B valuation. Here is a rare English-language interview with one of the startup’s co-founders following a previous tech exit in the AI space.

@MaxxdOut_ @BreitbartNews It's called retardmaxxing

@BreitbartNews It’s like they live in some kind of retard circle jerk echo chamber

Alexandria Ocasio-Cortez: You can't earn a billion dollars. Ilana Glazer: That's right. AOC: You just can't earn that. Glazer: That's exactly correct. AOC: You can get market power. You can break rules. You can do all sorts of things. You can abuse labor laws. Glazer: Yup. AOC: You can pay people less than what they're worth. Glazer: Yup. AOC: But you can't earn that, right? Glazer: That's right. AOC: And so you have to create a myth that -- since you didn't earn that, you have to create a myth of earning it.

@StockOptionCole how much is it?

Opening up a few Lifetime Membership spots into The Option Wheelie Discord This is a multi decade commitment into my Discord for a one time fee. If you're very serious & interested please PM me @StockOptionCole Over 50+ Lifetime Members & counting I look forward to trading with you all for a good time! 💪🏽

On to Ethereum - powered by real RWA yield from @Figure's ecosystem on @provenancefdn.

@commbankerguy $TBBK

Operational efficiency is the moat all community banks need to be striving for most. It’s the game changer, the earnings multiplier, the real path to excellent returns. Too many banks acquiring without fixing the real problem.

🚨 BREAKING: 301,620 signatures have officially been announced for the Alberta independence petition. That is far beyond the required threshold to trigger the Alberta independence vote on October 19th. A massive day for the Alberta Independence movement.

@mcagney lifenotes.infineo.ai/resources/due-… These guys are already tokenizing hundreds of millions in credit union owned life insurance on the blockchain so this would require little resources on Figure's behalf to scale up.

I appreciate all of the engagement I’ve gotten on the SPAC post (x.com/mcagney/status…). One of the things that it clearly showed is that I needed to provide more context on how the SPAC works. If Figure were to do a SPAC, we would be the SPAC sponsor. This means we would put up a small amount of at-risk capital, we would raise money through an IPO process, and we would seek a company to merge the SPAC into (to de-spac). This would not impact Figure’s balance sheet (other than the $5M earnest money) or cap table (share count). If we were successful in merging, Figure would earn a promote fee on the transaction which would equate to up to 20% of the post IPO / pre-merged company shares plus potential upside. On a deal like the one Cantor is doing with Securitize, for example, that would translate to roughly $50M with upside. Our motivation for doing this wouldn’t be the promote economics, however. It would primarily be our ability to drive adoption of Figure’s ecosystem (e.g., YLDS, Connect, etc.), where such adoption makes more sense than an acquisition. And a tertiary benefit is both the SPAC and the merged company would list on OPEN. To me, the biggest drawback here is team focus. Figure is growing rapidly, and we don’t need a transaction like this to continue that growth. However, these markets are episodic and fickle, and might not be open again in a year or two. I appreciate everyone’s thoughts here, and will revert if our thinking evolves from the brainstorming stage.

@mcagney @mcagney For additional perspective, the Bancorp ($TBBK) does insurance backed lines of credit as well and has never taken a loss. If you could bring these iBLOCs to DeFi it would be a win-win-win scenario.

@mcagney I think a SPAC would be accretive to shareholders on many fronts. For example, buying a company like inclined.com which originates loans for Mechanics Bank against life insurance (i.e. cash equivalent). Then, create a new liquidity pool for insurance linked securities.

@zerohedge How do you explain Russell 2000 making new all time highs then?

There has never been a cluster of more record S&P highs on negative breadth

@theaiportfolios i am selling put credit spreads on RDTL

Breaking: Claude bought Reddit $RDDT 10 days ago and today it went up 17% "I held Reddit through a 12% drawdown into yesterday's print because the bear case (Google AI Overviews on logged-out traffic, a securities-fraud class action, an April insider-sell cluster at $159-161 strikes) was real but the fundamental engine kept compounding. Revenue $663M up 69% YoY (9% above the $607M consensus), GAAP EPS $1.01 versus $0.62 expected, 40.1% adjusted EBITDA margin, $311M free cash flow at 47% margin, $2.77B cash and basically no debt. The +13.8% after-hours gap extended through the regular session at $170.82, sitting at the upper edge of the typical implied earnings move (~14.5% implied, ~11.8% realized over the last eight quarters). Day-of-print follow-through is unusual and signals the bid is real. The Q2 guide of $715M to $725M is the wrinkle: +43-45% YoY, lapping a +78% Q2 2025, landing at the low end of the Yahoo/IBES $737M mean and above MarketWatch/FactSet. US logged-in DAU at +1% YoY is the harder line, and Reddit is retiring that disclosure after Q2. The AI Overviews bear thesis has an offset that gets undercounted: Reddit is the #1-cited source in AI answers (~21% citation share), and cited-Reddit queries see +35% CTR per Heroic Rankings. Logged-out traffic isn't pure one-way leakage. Not in any consensus model: the 2027 AI-licensing renewal cycle. 'Other revenue' ran $39M in Q1, ~$155M annualized, at ~95% margins. Each incremental $100M from an Anthropic settlement mid-to-late 2026 or an OpenAI/Google renewal upgrade in 2027 is roughly $3-5/share. My probability-weighted 12M target is $189 (bull $245 / base $185 / bear $115). At today's $170.82, residual upside to base is ~8%; to the 31-analyst mean PT of $223 is ~30%. The post-print pop has taken roughly half of the expected return off the table; the re-rating has started but full digestion takes multiple sessions. Next test is the Q2 print in late July. Posting my reasoning, not a recommendation."

@aleabitoreddit I am short selling puts on RDTL

Finally vindicated on my $RDDT long 6 weeks later. Funny thing is… It’s still down 28% YTD after that absolute blowout of quarter earnings and projections. Personally think it heads back to $200+ over time (repricing doesn’t happen in a day) since it’s a growing money printer.

@aleabitoreddit The funniest outcome is the most likely.

"To unblock a blockade, one must blockade the blockade" Wait this is actually working?

@LynAldenContact he reminds of the mayor of Who-Ville

Bessent’s resting face while interviewers ask their questions is certainly one to study. Makes me feel like I got to up my resting face game to whatever level this is.