Bǝn Cohǝn

@DeItaone That’s like saying Iranians have no cards except pocket aces

TRUMP: IRANIANS HAVE NO CARDS EXCEPT SHORT TERM EXTORTION OF INTERNATIONAL WATERWAYS TRUMP: ONLY REASON IRANIANS ARE ALIVE TODAY IS TO NEGOTIATE

@stevemarchese @ByTimReynolds @NBA @stephenasmith Best of 5, like tennis

@beenjammin899 @ByTimReynolds @NBA @stephenasmith With 4 quarters that would be seriously problematic. You'd need 3 or 5 or else too many OTs. But i like it.

There have been two days in NBA history, spanning 80 years, where at least nine games were played with an average margin of victory being at least 24 points. Only two such days. In 80 years. One was yesterday. The other was Sunday.

@Courage69861986 @NYCMayor @grok is this a real quote

@NYCMayor “…what little they have” Zohran, acting like these men were simply poor, and not the most hardened of criminals. As if it weren’t their actions that got them where they are.

Earlier this week, I broke fast at Rikers Island with New Yorkers in custody, Department of Correction staff, Commissioner Stanley Richards, and Councilmember Yusef Salaam. It was a night that will stay with me for quite some time. People sharing what little they have: breaking bread, offering prayer, making space for one another’s dignity even in the hardest place. In a system too often defined by what it takes, I was reminded of what it means to give—mercy, dignity, and humanity. May we extend that mercy as far as we can. Eid Mubarak to all.

@cryptorover @grok eli5 please

🚨BIG WARNING: THE FIRST MAJOR DOMINO HAS FALLEN. Today, Blue Owl Capital announced that it permanently halted redemptions for Blue Owl Capital Corp II (OBDC II), its $1.7 billion private credit fund aimed at retail investors. And this is not a small thing. Blue Owl Capital is a major alternative asset manager with $307.5 billion in AUM. The reason they are permanently halting redemptions for Blue Owl Capital Corp II (OBDC II) is to manage a "liquidity mismatch" caused by a surge in withdrawal requests. But isn't this issue related to Blue Owl only? Well, this is certainly not the case. Blue Owl’s move to permanently restrict redemptions is signalling broader stress in $3 trillion private credit market. Here are a few warning signs: Roughly 40% of direct lending companies are generating negative free operating cash flow. 30% of companies with debt maturing before 2027 have negative EBITDA, making them extremely difficult to refinance. Default rates for middle-market (MM) borrowers have reached 4.55% and are only rising . Downgrades have outpaced upgrades for seven consecutive quarters. If the stress continues in the private credit market, it'll first impact the small businesses for whom the private credit market is a critical funding source. Additionally, it'll cause refinancing costs to go up and will result in more defaults, which will create a vicious cycle. The only way to stop this is by lowering interest rates and providing liquidity. This is probably why the Fed pumped $18 billion into the economy overnight, as more entities are experiencing a liquidity crunch. But this amount is too small to stop stress in the private credit market. The Fed would have to go full dovish here, or the dominos will continue to fall.

@MorningBrew Anyone who lives and works in NY, especially those who drive for work, will tell you this is complete bullshit

Official NYC Congestion Pricing verdict: it's working Through November— • Foot traffic: +3.4% YoY • Sales tax revenue: +6.3% YoY • Storefront vacancy: -0.9% YoY • Pollution: -22% (first 6 months) • Vehicle traffic: -11% YoY (-71.5k per day) • Est. Revenue: $548.3M (vs. $500M goal)

@RobinhoodApp Hat please

You deserve a treat. Comment below and we may send you some merch.

@kiantrades ASST IS STRAIGHT ASSS

What was your worst stock purchase of 2025

@RobinhoodApp A page dedicated to your price alerts.

What other products do you want to see on Robinhood?

@RobinhoodApp Please have a separate page for alerts. They’re so hard to keep track of. A page of alerts with date alert added would be great.

What are some features you want to see next from Robinhood?

@RHouseResearch @matthew_sigel @Shrimp_a_Whales @grok tldr please

With all due respect, your take here is ridiculous, especially considering how other "data center developers" in your ETF's portfolio operate. Helios is a $6.4B project (533MW of critical IT load x $12MM/MW). Assuming 80% LTC (i.e. that Galaxy $GLXY can raise 80%, or $5.3B of the total CapEx bill via project-level debt financing), Galaxy still needs to contribute $1.3B of cash equity into the project. ~$300MM or so has already been funded, resulting in $1B of additional equity capital needed. Note that $GLXY has already raised $1.4B of non-dilutive project level debt from DB for Phase I (133MW) and is in the market to raise $3.0B for Phase II (260MW). Additional cash in the bank at the HoldCo level ($325MM provided by this deal) will almost certainly help drive better economics on their next project-level debt financing. Also important to note that Galaxy is literally the only crypto x data center developer who has successfully executed project-level debt financing. $WULF, $APLD, $CIFR are all working on it, but none have closed to-date. While Galaxy has a bigger balance sheet (est. $2B+ of net cash, stablecoins, and liquid assets as of 6/30, but likely materially up when they report Q3) than any other crypto company seeking to build AI data centers, it is still prudent of them to capitalize on the fact that the share price was up 100%+ over the past few months, and ~500% from the April lows. This deal puts an additional $325MM of cash on the balance sheet, providing additional flexibility to invest further in the data center business (for which mgmt. has discussed additional greenfield development opportunities). In addition, they have a growing, profitable financial services business (investment banking, trading and OTC market making, asset mgmt., lending) that is firing on cylinders . Mgmt. stated July 2025 was the best month in company history. They are rolling out new products and offerings, such as the GalaxyOne app. Helios involves a significant upfront investment of capital (est. $1.3B total from the $GLXY HoldCo level) but should generate sizeable, stable, recurring cash flows in the very near-term future. Does it really make sense to deplete a significant portion of the capital available on the balance sheet to fund Helios when external capital is clearly available? The dilution is minimal (2.4%), and results in a greater degree of flexibility going forward as they continue to invest in both the data center and digital asset businesses. AI data centers and digital assets are nascent, capital-intensive endeavors - as a $GLXY shareholder, I am a happy to incur minor dilution in exchange for additional flexibility and wiggle-room going forward. The dilution is not opaque - the press release quite literally tells you that Galaxy is selling 9,027,778 shares. If you then go to the latest 10-Q, you can see on the first page there were 376,287,575 shares outstanding as of July 31, 2025. 9,027,778 divided by 376,287,575 = 2.4%. With respect to @novogratz selling shares - he has communicated on numerous occasions his intention to bring his ownership down. This is a positive for shareholders for a variety of reasons (i.e. certain investment managers won't touch names with majority shareholders). The fact that his shares are going directly to a large asset manager in connection with a PIPE is a much cleaner way to do this versus a registered underwritten offering - it signals that a large fund has spent extensive time doing diligence on GLXY. Novo is still obviously very well incentivized given his still majority ownership in $GLXY. He has been the majority shareholder since 2018, and has delivered for shareholders - he's not allowed to take a few chips off the table? What's really amusing to me about your stance here is the sheer hypocrisy given what else is in the NODE ETF. Let's take, for example, $IREN, the second largest holding. In the past 12 months alone, $IREN has raised over $2.9B of dilutive capital ($1.9B of convertible notes and $1B on their ATM). Not a peep from you on this. Keep in mind - Galaxy raised capital to help them fund the build-out of Helios, which has contracted cash flows via their lease with CoreWeave. IREN diluted shareholders to buy Bitcoin mining ASICs and buy GPUs on spec. $IREN's 10-K literally tells you that they buy GPUs, then try to find customer contracts. To-date, all they have done is buy GPUs - their cloud offering is completely unproven. $IREN does not have a long-term co-location contract. But again, clearly you didn't have an issue with this dilution to fund speculative investments, given $IREN is the second largest holding in NODE. Just last month, $IREN's co-CEO's each sold $57MM+ of stock and options. This is completely fine, but Novo selling shares is bad? Keep in mind - $IREN's board (which is more or less controlled by those two co-CEOs, who have outsized influence over the company relative to their actual financial incentives as they are the sole holders of $IREN's two B Class shares which give them 15x the voting power for each ordinary share they hold then otherwise) decided to modify the co-CEO's compensation in May 2025, with $IREN's share price plunging. The BoD (again - both co-CEOs sit on the BoD) removed the performance requirement thresholds to ensure the co-CEOs RSUs would vest no matter what, citing "extraordinary performance... (under) market-wide structural factors and macroeconomic volatility." To summarize, the co-CEOs basically paid themselves 1MM+ shares that they were only supposed to receive if performance criteria were met... when it became clear that the performance criteria would NOT be met. And then not even 6 months later both co-CEOs sold a corresponding amount of shares. Seems like a great deal for $IREN shareholders! What's most amusing here is that $IREN's BoD cited "increased power capacity" and "scaled AI Cloud Services capacity to approximately 1,900 Nvidia GPUs" as "key highlights" for the mgmt. team in FY25. Not a peep about customers, profit, return on invested capital, or anything of the nature of actually driving durable, sustainable value to shareholders. As a result of this, $IREN shares outstanding are up a whopping 50% in the past year, and they still do NOT have any long-term contracted revenue. You claim to be hyper-focused on corporate governance yet have never said a peep about the insanities taking place at NODE's 2nd largest holding. The hypocrisy is astounding. One last note worth mentioning - Galaxy actually bought back 10.6MM shares in 2022 at ~$5/shr. Seems like good business to buy at ~$5 and sell at $36. Has $IREN, or any other crypto-company within NODE ever returned capital to shareholders via buybacks or dividends? $IREN certainly has not, and I highly doubt any others have either.

The ticker is $GLXY 🌌

@onebitbeyond Hello, will The Swords of Ditto be coming to the Nintendo Switch any time soon? Looks like a perfect fit for that console! Thanks

@hqtrivia Slide 3/8: Etsy was named after a fellini movie cbsnews.com/media/7-things…

.@djshiftee how about 11am tmrw? Let's live stream it. @CRAZEARONI refs. Fan votes the winner.

How is jdate 20 dollars a month, don't they know we're jewish?

Happy #tbt courtesy of Tom Brady!

I guess they listened to me

Hmmm? @SamsungMobileUS ????? Something fishy about that wallet

Obama, sometimes you are softer than Drakes lyrics

Romero > Neuer