Ryan⚡️

A Solana analysis 🧵 Solana: A Scalable Blockchain for Mass Adoption Solana (SOL) is a high-performance open-source blockchain. Solana optimizes for low latency and low transaction costs enabled by its innovative consensus mechanism, Proof of History (PoH) combined with Proof of Stake (PoS), creating a scalable architecture. PoH separates time and state, which allows for efficient parallel processing of transactions, enhancing its performance. Its mainnet was launched on March 16, 2020, by the Solana Foundation, headquartered in Geneva, Switzerland. SOL’s original thesis was “blockchain at NASDAQ speed”. Since launch, several upgrades have improved network performance and resilience, including stake-weighted Quality of Service (QoS), local fee markets, and token extensions. The Solana white paper was authored by Anatoly Yakovenko. Anatoly and the core Solana team have extensive backgrounds in building and developing cell phone networks at Qualcomm. Their backgrounds give them deep knowledge of building scalable and efficient networks. open.substack.com/pub/cryptofina…

Exciting future!

I’ve been asked by many to create one comprehensive post explaining how to prepare for @SpaceX’s IPO if you use one of the brokerages listed in SpaceX’s S-1 filing to allocate IPO shares to retail investors. Here it is: Fidelity: 1) $500,000 minimum account balance required to participate (including IRAs, individual, etc, but excluding 401k). 2) Enter an indication of interest. The indication of interest provides Fidelity with the maximum number of shares a customer is interested in purchasing. 3) Confirm your indication of interest shares on Fidelity's website after the registration statement has been declared effective and the offering has priced, which is typically after 7 PM ET on the night of pricing. Indications of interest may not be confirmed prior to the registration statement being declared effective and the offering pricing established. By confirming your indication of interest, you are placing an order to buy shares at the offering price. If you do not confirm your indication of interest, you will not be eligible for an allocation of shares. 4) Allocation of shares will occur on the morning following pricing and is usually complete before 9:30 AM ET. An alert will be sent once allocations are complete, and you can check your account to determine whether you were allocated shares. If you receive an allocation of shares, you must have adequate funds available to settle the purchase in the settlement date which is typically the trade date plus one business day. 5) You may increase your indication of interest up through the close of the indication of interest period. You may decrease or cancel an indication of interest until share allocation takes place. Once share allocation takes place, your indication may not be canceled or modified. Charles Schwab: 1) $100,000 minimum account balance required to participate (including IRAs, individual, etc, but excluding 401k). 2) On Schwab's website, under the Trade tab, select the IPO page to view the Calendar of Offerings, a list of upcoming IPOs. Once the IPO offering window opens (expected first week of June), investors will have the ability to submit a Conditional Offer to Purchase (COTP), also known as an Indication of Interest, from this page. 3) During an IPO's open COTP window, select Start COTP to review offering details and the preliminary prospectus. Then select the green button to proceed to the Eligibility Questionnaire, which is required to confirm investors meet eligibility criteria and are not restricted (per FINRA rules) from participating. After completing the questionnaire, you'll be able to indicate how many shares you're interested in purchasing based on the price range provided. Select Confirm to submit the COTP. 4) After the COTP has been submitted, regularly monitor the IPO page, which will indicate the Status of Your Conditional Offers to Purchase (COTPs), the expected pricing date, and current pricing status, plus any changes in the prospectus. When the IPO has been priced, you will affirm your COTP. You must affirm your COTP once the effective price is established in order to be eligible to purchase shares. To do so, select Affirm Now to review and finalize the share quantity. Robinhood: 1) There's no minimum account size requirement, but you must have enough buying power to cover your requested shares if you are allocated any. You must have an individual brokerage account. Retirement, custodial, and multiple investing accounts are not eligible for IPO Access. 2) Make sure IPO Access is enabled in your Robinhood app. Turn on your IPO notifications so that Robinhood notifies you when the SpaceX IPO comes online. 3) Request Shares: Once the IPO is announced and available, you can request shares through the app or website. This is a request for IPO shares. By placing a conditional offer to buy (COB), you’re asking for the opportunity to purchase a quantity of shares at the IPO price. An investor may place, edit, or cancel a COB after the initial price range is published and before the confirmation period ends. 4) Allocation is random and not guaranteed. The number of shares you request factors into how many you actually get, but it doesn’t affect the likelihood that you’ll get any allocation. You may get all, some, or none of the IPO shares you request. E*Trade: 1) E*TRADE does not publicly list a specific minimum account size required to participate in IPOs, but contact them to double check. That said, allocation priority for “hot” IPOs may still favor larger or more active accounts in practice, even if there’s no official minimum balance requirement. 2) Be a U.S. resident, have an active E*TRADE account (Individual, Joint and IRAs are all eligible) and complete the investor profile questionnaire. 3) Sign up for IPO alerts. 4) Submit a conditional offer to buy ("COB"). As part of this submission, you specify the number of shares and the maximum price you are willing to pay per share. COBs can only be submitted via the New Issue Center. A COB may be submitted once an offering is listed as "open" up until the status is changed to "closed." COBs that have already been submitted may be amended or cancelled after an offering is "closed" up until the status is changed to "allocate." At this point, no further changes may be made to a COB and you are bound by the terms of your COB. If there is no material change in an offering, customers will not need to reconfirm their COBs. If you have submitted a conditional offer, you must have available buying power to cover the full amount of your conditional offer in the account through which you submitted the conditional offer. 5) Shares are allocated to eligible accounts as a proportion, or percentage, of the size of their COB. The percentage is based primarily on the number of shares provided to E*TRADE for sale to its customers and the size of the overall demand for shares from E*TRADE's customers. Given the expected high demand for this offering and the limited availability of shares available for sale to E*TRADE customers, many COBs may not be allocated shares (according to E*Trade). Additionally, in many instances, allocations will be significantly smaller than the size of shares requested in a customer's COB. 6) E*TRADE makes its allocations after the pricing of the overall offering but before the stock begins trading. E*TRADE will inform customers via alert or email whether they have been allocated shares. Any allocation should be reflected in the relevant customer account once that allocation has been processed by E*TRADE. Sofi: 1) There is no minimum account balance/size requirement. Have an active Self-Directed Invest account. 2) Go to the “IPO Investing” section in the app or website 3) Select the IPO 4) Complete the IPO suitability questionnaire 5) Submit an “Indication of Interest” (IOI), which is basically a non-binding request for shares. 6) When the IPO is officially priced, SoFi will notify you to confirm your order. NOTE: Don’t be surprised if you receive fewer IPO shares than you requested, or none at all. Demand for the limited number of IPO shares available to retail investors will likely be extremely high, and each participating brokerage will only receive a limited allocation of shares to distribute to retail investors. For our international friends, keep in mind that @SpaceX said in their S-1 filing that allocations will also be made to retail investors by the underwriters, which include: • Goldman Sachs • Morgan Stanley • Bank of America • Citigroup • J.P. Morgan • Barclays • Deutsche Bank Securities • RBC Capital Markets • UBS Investment Bank • Wells Fargo Securities • Allen & Company • Cantor • Needham & Company • Raymond James • Societe Generale • Stifel • William Blair • BTG Pactual • ING • Macquarie Capital • Mirae Asset Securities • Mizuho • Santander so you can try reaching out to one of these places if you have assets with them and you may be able to request an allocation of some shares. I've already seen that happen with some Goldman Sachs clients. Lastly, and I stated this in a previous post, @SpaceX specifically stated in their S-1 filing that any purchase of their Class A common stock in this offering through these platforms will be at the same IPO price, and at the same time, as any other purchases in this offering, including purchases by institutions and other large investors, which means any retail investors that are lucky enough to get allocated some SpaceX IPO shares will pay the same price as the big guys. This will likely be the largest retail IPO share allocation in history, by far. If you have more questions, reach out directly to your brokerage and/or bank. And no, this post wasn't written by AI lol. Not financial advice.

At 81 he manages $72 billion, and says markets right now are "just about as risky as I've ever seen" and AI is "way over its skis" He has never celebrated a winning trade in 47 years, this is the most feared investor on Wall Street the full story is in this 40-minute interview - every satisfword of it is worth your time ↓

I believe @cfosilvia is the fastest growing finance product for multi-millionaires. @shaincodes and I break down the product, the underlying technology, frequently asked questions, and how users can get the most out of Silvia. Try it here: cfosilvia.com

Mans a genius @GavinSBaker

INTERVIEW: Why $VVV at $17 is cheap, w/ @YanLiberman If the TAM for inference is ~$200B, what's the TAM for Private Inference? @TrustlessState chats with @YanLiberman about - Why @AskVenice is crypto AI’s clearest revenue story - How he values $VVV - How Venice serves agentic inference - Why AI agents need $DIEM [TIMESTAMPS] 0:00 Intro 1:40 Privacy Guarantees Explained 5:01 Who Needs Private Inference? 9:25 A Privacy Use Case 10:19 Venice’s Privacy Tiers 12:31 Growth Surges After New Plans 20:29 Inference Reseller Economics 23:39 Why Revenue Is Hard to Know 28:11 Token Value & Trust 32:07 @ErikVoorhees & Alignment 33:52 Venice’s Unique Product Edge 37:34 Adult Content Demand 41:18 Permissionless Agentic Inference 44:56 Bear Cases for Venice 49:12 How to Value VVV 51:46 Is VVV Undervalued? 56:10 Closing & Disclaimers

@JustDeauIt Crypto apps are criminally undervalued.

If there is still any confusion over where value is moving within the crypto tech stack, this visual should help.

@APompliano @Geiger_Capital Going on a road trip this week.

I hope everyone is doing ok and surviving the Great Oil Recession of 2026. @Geiger_Capital

@CernBasher Great article! Thanks for sharing, Cern.

Incredibly powerful to see the Iranian people rise up to fight the Islamic regime! Praying for safety for the Iranian people!

Can Venezuela and Iran both fall in the same week? Freedom for the Venezuelan and Iranian people! 🇻🇪🇮🇷

🧵 2026 Predictions Which of these 2026 predictions do you disagree with most and why? 1/ SpaceX goes public via a SPAC. 2/ Bitcoin outperforms gold and silver. 3/ Bitcoin becomes less volatile than Tesla and Nvidia on a realized volatility basis. 4/ U.S. interest rates decline by more than 50 bps during 2026. 5/ Solana generates more revenue and fees than any other blockchain. 6/ The Fat App Thesis continues to outperform the Fat Protocol Thesis. Value accrues to applications, not base layers. 7/ USDC market share exceeds 30% of the stablecoin market. 8/ Bittensor gains traction post-halving and enters the top 15 assets by market cap. 9/ Privacy tokens, led by Zcash, surpass a $100B combined market cap, with ZEC > $30B. 10/ Privacy-enabled transactions gain adoption on Layer 1s. Solana allows users to opt into privacy features in exchange for higher fees. 11/ Prediction markets exceed $200B in open interest. 12/ Hyperliquid leads decentralized exchange (DEX) trading volume. 13/ DEXs surpass 30% of total spot trading volume. 14/ The SEC approves 50+ new spot altcoin ETFs. 15/ U.S. national debt surpasses $40 trillion. 16/ Dollar and fiat debasement continue to drive Bitcoin adoption and capital inflows in ETFs set a record year. 17/ Digital Asset Trusts (DATs) consolidate and trade at persistent discounts to NAV outside bull markets. 18/ A basket of crypto applications—especially Solana-native apps (Raydium, Pump)—significantly outperforms: • Layer 1s (ETH, AVAX, SUI, APT) • Layer 2s (MATIC, OP, ARB, MNT) 19/ The CLARITY Act and broader crypto market structure legislation pass, benefiting altcoins—especially Ethereum and Solana. 20/ The fastest-growing “bank” in 2026 has no branches, no deposits, and no banking license—yet settles in dollars. #Predictions2026 #2026 #crypto #solana

@arabornot @grok what’s the name of the movie or show?

When you gaslight your sick colleague to secure your seat.

@bitwise Love this for those making their first allocation to crypto. Looking forward to an ETF that tracks the top 20 assets excluding BTC and ETH, offering exposure to blue-chip alts.

Get diversified exposure to more than three-quarters of the crypto market in a single fund. The Bitwise 10 Crypto Index ETF gives investors broad, diversified exposure to crypto by investing in the 10 largest crypto assets by market cap.

I voted YES for Elon’s $1T Tesla pay package. If he gets it, Tesla will be worth $8.5 trillion - a ~6x from here. If my shares ~6x, he can have his trillion. 💰 #tesla #elonmusk @elonmusk @Tesla

Epic! Solana has risen from the ashes and is well positioned to dominate tokenization of assets. Fast, cheap and great UX!

BSOL 🥳

The world wants trustless money!

The revolution begins now.

Don’t forget to take profits over the next two months. That said, this market cycle could still extend longer than many expect due to two powerful structural forces. 1. The Fed pivot — A shift toward lower interest rates should funnel capital back into risk assets. 2. Digital Asset Treasuries (DATs) — These vehicles are rapidly scaling. For instance, Tom Lee has acquired 1.72M ETH, driving ETH to a new ATH just shy of $5k. What’s developing is a reflexive loop: DATs raise equity → buy crypto → prices rise → equity valuations climb → issue more shares/debt → buy more crypto → repeat. This feedback cycle can drive prices much higher. But it will likely end the same way all super-cycles do—when excess leverage finally breaks the system.