wandurz

How ironic that HYPE is the only crypto asset not driven mainly by hype, but by adoption and cash flows.

This means we finally get the 60/40 rule for crypto perps right? 60% of gains from regulated futures contracts are considered long term cap even if not held "long term".

Bloomberg just put out a piece on Pre-IPO perps. Some things they covered: -Crypto rails may open pre-IPO access to retail, a market historically reserved for accredited investors and private funds. -Less than 10% of the global population has direct access to US equities, and access to pre-IPOs is even narrower. TradeXYZ can help collapse that barrier. -SpaceX perps are already seeing demand, with nearly $18M in average daily volume and >$50M in open interest. -Cerebras was viewed as early validation of the model, with the perp trading at $340 one hour before Nasdaq open versus a $350 opening print. Institutions are paying attention.

Six seven

NEW: Paxos wins SEC approval to clear U.S. stocks on blockchain

We welcome today’s CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a Staff Advisory on 24/7 Trading, Clearing, and Settlement, as a long-overdue acknowledgment that perpetual derivatives are a legitimate and essential tool for price discovery and risk management. For too long, regulatory ambiguity drove these markets offshore, depriving American traders and institutions of access to regulated venues and undermining U.S. competitiveness in the global derivatives markets. Today’s actions chart a new path forward. We look forward to engaging closely with the Commission to ensure that the framework it develops is workable not only for centralized intermediaries, but for the onchain protocols where the most significant perpetuals activity actually occurs.

This is literally pure misinformation, @Bitnomial (now owned by Kraken) had US regulated crypto perps since last year.

What the hell

NEW: $HYPE DAT @HypeStrat UNREALIZED P&L SURPASSES $1 BILLION - HIGHEST AMONG ALL DIGITAL ASSET TREASURY COMPANIES @BitMNR, THE BIGGEST $ETH DAT, LEADS ALL DATS IN UNREALIZED P&L LOSSES - OVER $8 BILLION SOURCE: hl.eco/dat-pnl

🚨 Another large account (1.8M followers) just got demonetized for removing a watermark from someone else’s video. X isn’t playing around anymore 👀

How it feels being part of the "lost generation"

Jeff Sprecher, founder and CEO of $ICE (owns the NYSE) on Hyperliquid: "This Hyperliquid that we're talking -- if you haven't heard about it, it's bigger than NASDAQ, okay? It's 11 people. You look at it, you're like, wow, that's pretty something." If it wasn't clear before, hyperliquid:native has grown far beyond crypto. The incumbents have noticed, are paying close attention, and even spending time with the team Bernstein excerpt below and worth the read imo:

#PeckShieldAlert Tahax reported that @DxSale was drained ~$7.3M from 1,400 @BNBCHAIN LPs. The address 0xC457...FA69 transferred a total of 2,958 $BNB (~$1.87M) to 2 main wallets, and subsequently deposited to multiple #Binance deposit addresses.

Is Michael Saylor's @Strategy about to sell $BTC? #Strategy just deposited 411.48 $BTC($30.3M) into #CoinbasePrime. On Polymarket, the odds of #MicroStrategy selling $BTC before Dec. 31, 2026 have now reached 84%. intel.arkm.com/explorer/entit…

SPCE up 50% because wsb said its most likely typo when ppl trying to buy SpaceX ipo And you care about fundamentals

President Trump is undefeated in the stock market. On May 8th, President Trump told everyone to "go out and buy a Dell." 19 days later, on May 27th, Dell was awarded a $9.7B contract with the US Pentagon. Today, Dell, $DELL, reported stronger than expected earnings and the stock surged +30%. Dell's stock is now up +80% since May 8th, adding +$120 BILLION in market cap. Truly unprecedented.

I think today may be the start of an everything rally (as opposed to a “AI rallies and anyone invested in anything besides AI wants to end it all” situation).

We've raised $65 billion in Series H funding at a $965 billion post-money valuation, led by @AltimeterCap, Dragoneer, @Greenoaks, and @sequoia. This investment will help us advance our research and expand our capacity to meet growing demand for Claude.

In 2022 big accounts (hsaka) would tweet “the boiled frog enjoys a milkshake on a hot summer day” and you had to decipher that meant luna is about to blow up