Cause you made everyone sell bruh
Ansem@blknoiz06
this may be the quietest bitcoin all time high ive ever experience on crypto twitter
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Shremp
1.7K posts
Shows you how much VCs are up right now
José Maria Macedo@ZeMariaMacedo
$2 ENA this year and I call my firstborn daughter Ethena
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who's the crypto version of sydney sweeney i'd like to make an offer
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This was what I was hoping to fix with SPACs. You may not like SPAC founder promotes or other forms of value transfer to intermediaries but you can never claim it wasn't disclosed.
The Circle IPO, and ALL traditional IPOS, are the opposite. Value is transferred to randoms and it makes no sense.
In order to get the IPO off, the team at Circle had to sell 14.4M shares at the IPO price of $31 for total proceeds of $446M. These shares were "bought" by the IPO bank and then sold to their best clients.
Those 14.4M shares are now worth $3.456B. Meaning the employees that sold these shares lost out on $3B in the past 15 days.
To be clear, this method of value transfer doesn't happen via a direct listing or SPAC - the benefits in SPACs and DLs are disclosed very explicitly up front. They can be negotiated, minimized etc to the benefit of selling shareholders and buying shareholders.
Only in a traditional IPO do banks use opacity like this.
And the media acts along by writing headlines to tell you how a "first day pop" is a good sign. It's not. It means the deal was mispriced and banks were able to reward their best customers completely unrelated to the company in question with free stock.
In this case, it was a $3B gift from the employees and investors of Circle to people they don't know, will never know and have nothing to do with their journey.
Brew Markets@brewmarkets
Circle is up 675% in 15 days. Incredible.
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Man what are we even doing here @AbstractChain
Look at this camera angle
She knows what she’s doing and so do you guys
Abril@abrilzucchi
some people (especially non-crypto) do not understand what a wallet is. here i tried to explain it in 1 minute.
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@twobitidiot @novogratz Hey grok explain to me why Selkis is hellbent on destroying all industry relationships and being flagrant as possible ruining his reputation
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@EffortCapital Don’t worry his first public LUNA shill was at like $5 per token we have a long way to go until a “sell the top tattoo”
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He was losing me for a sec when he picked dupe, but now we’re back
Can’t deny the best bull poster when he comes out of retirement and stakes his reputation on a new meta
The market cap is the product
Startup
Him@himgajria
Newsworthy: “Startup, a startup with no product and no team, is worth X”
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The timeline hasn’t been this active in a while
People are having fun again. Onchain is alive and well
We’re seeing D-Wade to LeBron level alley-oops like this from @blknoiz06 and @a1lon9
Fartcoin to infinity
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@cburniske man this is the tweet that will get me to take zero profit and lose it again
this guy is such a good bull poster
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If you didn't have 'em already, good luck getting your chips when there are no dips.
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for those that were paying attention last year, usually a good time to sell on these tweets and see how PA reacts the days after
Ansem@blknoiz06
I’ve not witnessed a stronger community under $10M market cap than Housecoin. It’s an attention economy ball under water. Flip the housing market narrative is ridiculously memeable. Once this sends its boomer news report-worthy. Trillions. Housecoin
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"Attention @coinbase please advise" is so crazy 😂
Attention @POTUS many people around the world rely on the stock market to go up. Please advise
Jelena@jelena_noble
Attention @coinbase: Many people around the world rely on @coinbase to access USDC via @noble_xyz and there are a number of reports being shared that Noble is no longer listed for them in countries such as the UK. Can you please advise?
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Wow is this the first decentralized podcast running on the blockchain?
The industry is sleeping on this historic moment
Powered by @SeiNetwork
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bearish
not gonna explain
good luck have fun cosmos soldiers who are left standing
wil@WillbBTC
Noble is gonna crush the next year, their yield mechanism is really really smart. The yield in the yield vault entirely comes from Treasury bills, even when it is paying a high rate like 20%. That's because the stables in the points vault earn points, not yield. Cosmos saved?
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Man would be great if @SenLummis stopped saying ANYTHING AT ALL
let us sell the news Friday in peace god dammit
someone get @howardlutnick back on the mic
*Walter Bloomberg@DeItaone
PRO-BITCOIN SENATOR DOESN'T THINK TRUMP'S BITCOIN STRATEGIC RESERVE WILL HAPPEN SOON President Trump's proposal for a U.S. strategic bitcoin reserve has gained traction among some crypto-friendly U.S. Congress members, though its near-term feasibility is questioned. Wyoming GOP Sen. Cynthia Lummis, who introduced the bill, admits congressional support is lacking. At the Bitcoin Investor Day in NYC, she noted resistance even from fellow Republicans, quoting House Banking Committee Chairman Tim Scott suggesting a delay, highlighting insufficient readiness as the main obstacle.
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