Ithaca Protocol

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📈Ithaca Protocol Market Update ► Refined petroleum products continue to outperform benchmark crude indices; damage that Qatar sustained very meaningful ► Alibaba, inline revenues, weak earnings ► UK MPC ‘ decidedly hawkish ’ ; front end sells off aggressively ► ECB just ‘ hawkish shift ’ ► Positive Quantum headlines on both bitcoin and Ethereum ► GS HF VIP index -5.5% mtd ► Crypto.com reducing workforce as ‘ AI is driving efficiency ’

📈Ithaca Protocol Market Update ► It is alien residents; not extraterrestrials, aliens.gov ► Damaging energy infrastructure during the Middle East conflict another rubicon crossed decisively ► Powell in no mood for market supportive rhetoric; equities and rates sell off ► BCB cuts ► JP Morgan, correctly, makes the case for demand destruction impact of higher energy prices, rather than inflation ► Qualtrics debt deal not proceeding as banks rein in private credit exposures ► Tempo goes live; Kraken puts IPO on hold? ► Micron blow out results; stock down

📈Ithaca Protocol Market Update ► Historic regulatory clarity in the U.S.; 16 majors classified as commodities, a very meaningful milestone ► US, Hong Kong, India, Europe stock markets in extreme fear regime according to Citi equity strategy classification network ( India weakest since Covid, Hong Kong for the last 2 years ) ► Trump trade continues behaving; just crude higher ( and here one should broaden focus on ME benchmarks ) ► Trump | Xi summit getting delayed; more Iran regime seniors killed ► Markets are pricing highest number of hikes for g10 since 2023; RBA started

📈Ithaca Protocol Market Update ► Trump trade pentafecta; stocks higher, yields lower, oil lower, dollar weaker, crypto higher ( Saylor on overdrive and SoH porous enough ) ► 100% percentile of put positioning on SPX barely becomes 99% post Friday expiry ► Private credit risks feel manageable for banks according to JPM research ( private credit is 1/10th of the U.S. mortgage market ) ► Significant hedge fund degrossing has taken place ► OpenAI in advanced consulting talks on the heels of Anthropic; NVDA uses the 1trln number

📈Ithaca Protocol Market Update ► Kharg bombed; Hormuz straights ‘ only closed for US and its allies ’ ► Market likes it; historic defensive positioning doing the work ► CT loves ‘ China military buildup around Taiwan ’ stories ► FUD and ( not so much ) counter FUD regarding the latest from the Ethereum foundation ► Tucker Qatarlson amusing denouement rumours; never delete this app! ► Deleveraging has advanced ► Central bank extravaganza this week; Fed, BoJ, BoE, ECB

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📈Ithaca Protocol Market Update ► Hardline message by new Supreme Leader, not seen live as of now, roils markets ( as per IEA ‘ largest supply disruption in the history of the global oil market ’ ) ► Blackrock’s Staked ETH live today ► SaaSpocalypse claiming scalps as per the Information; Adobe CEO out; Atlassian cuts 10% of employees ► XAI comings and goings ► Saylor and his STRC are single-handedly behind crypto’s outperformance ( of course this is on back of retail demand for the securities) ► Bad Oracle price , undue liquidations, users compensated, not good that Aave headlines continue

FlashPerps are live on @bobanetwork. Powered by @IthacaProtocol’s Odyssey with onchain oracle-based settlement. Pick a direction, set parameters, and the session resolves ~60s later.

📈Ithaca Protocol Market Update ► Yield spike continues ( softer than expected U.S. CPI too backward looking to make a difference ) ► Count on the ECB to do wrong; the hikers of 2008 and 2011 preparing for another one; the discussion at Econ 202 on transitory vs permanent had plenty of absentees ► Private credit continues to feel the pressure ► Strategic reserve release was the recovery story of Monday, now on the rear view mirror; Chinese interest tankers not going through the straits an incremental negative ► 4th business investment by NVDA just this month ► Mag7 L/ S ratio at 0th percentile on a 1yr lookup

📈Ithaca Protocol Market Update ► Hormuz straights mine laying the next wildcard; oil plummets briefly on U.S. navy tanker escorting and safe passage headfake ► CPI today; not the usual focus on the number and naturally backward looking ► Amazon bond deal one of largest ever in the busiest investment grade issuance day ever; Oracle CDS tighter post numbers ► Polymarket partnering with Palantir to uncover suspicious activity