🟧9️⃣ burliko ♻️ 🩸

1) BULLISH If @circle reaches it's full potential it can grab a 70% share of this market. Competition will be stiff but Circle has the Lindy effect int their favor and are already entrenched with tradFi So what? Let's do some 2030 Napkin math using S1 data + this Citi report⬇️

intel.arkm.com/explorer/addre… Drift just got rugged by CVT

@DegenUnder89180 @brenn @DriftProtocol intel.arkm.com/explorer/addre…

@brenn @DriftProtocol Are they withdrawing funds from traders using multi collateral or the protocol vault deposits?

We are observing unusual activity on the protocol. We are currently investigating. Please do not deposit funds into the protocol while we investigate. This is not an April Fools joke. Proceed with caution until further notice. We’ll provide additional updates from this account.

@brenn @DriftProtocol wow this is wild - made the token 12 days ago - took down billion dollar CEX/DEX

@DriftProtocol looks like they deposited their own token (G84LEhbNMR1yYbHgHbnNYNSK8mpTKcazh5jcW5yMPQKo) with a high market cap to your perp markets and were able to withdraw from your vaults

MARA just dumped 15,133 BTC at $65,300 average, realizing a $236m loss on an $80,900 cost basis. forced sale to retire $1b in convertible notes. mining production cost is $80-88k per BTC. spot is $67k. miners are losing $19,000 on every coin they produce. hash ribbons capitulation signal fired march 8 for the first time this cycle. mining difficulty just dropped 7.8%, largest decline of 2026. hashprice hit a post-halving all-time low at $28/PH/day. 20%+ of miners are underwater. core scientific, cango, IREN all pivoting to AI compute because GPU margins beat mining margins by a factor of 3-5x. this is a one-way door. that hashrate is never coming back to bitcoin. the leveraged accumulation playbook that worked at $40-80k BTC is now a death spiral for anyone with convertible debt and operational costs. but historically, miner capitulation marks the zone where weak hands finish puking and supply dries up. the last three times hash ribbons fired, BTC was 80%+ higher 12 months later.

@EventHorizonIQ so signal was 100% wrong - got a 50-50 shot wrong ....

Called CIFR BULLISH on Mar 21 at $14. Today: $13 (-8.1%) Signal: CONFIRMED eventhorizoniq.com/scoreboard

@mert Classic @mert fudding @circle trying to get an entry - shameful really

hello someone from circle reach out asap, seeing high likelihood of a potentially large exploit

@ElonTrades Crazy undervalued

$USDC didn’t just hit ~$80B in TVL and $11.9T in transaction volume because retail wanted 3.5%. This $CRCL crash, I believe, is a fundamental misunderstanding of where things are headed.

🚨 LATEST: Cathie Wood's Ark Invest bought $16M in Circle shares as stock tumbled 20% on news impacting stablecoin business.

Couldn't say it better myself

@Verhollj @LorenzoARK @coinbase @binance @okx It’s not auto renew - circle has the leverage - coin has nothing - coin needs circle not the other way around

@LorenzoARK @coinbase @binance @okx I don't get why people insist on a renegotiation? COIN has zero incentive to budge. Per the S-1 the USDC deal auto-renews for 3 years in AUG 2026. Circle can't unilaterally hike its share; they are contractually locked into the 50/50 split unless COIN voluntarily takes a pay cut.

I think people are misunderstanding what’s happening here. The new draft of the CLARITY Act does not prohibit issuers from paying distributors such as @coinbase , @binance , or @okx . The discussion around yield is really about retail holders, meaning the end users who actually hold the stablecoin. In practice, @coinbase likely would not be allowed to pass that yield through to users, or at least not as easily as many people previously expected. What does that mean for @circle? Circle would obviously continue paying Coinbase for distribution. Circle is not the party that stands to make more money from this dynamic. Coinbase is. Today, Coinbase distributes roughly 60% of the yield it receives to users, so if passthrough becomes restricted, Coinbase could potentially retain 100% of that economics instead. One could argue that if Coinbase’s net revenue rises materially, Circle might try to renegotiate its agreement. As things stand today, Coinbase receives 100% of the NIM on all USDC held on Coinbase platforms, and 50% of the NIM on USDC held elsewhere, excluding Circle Wallet. But I do not think this necessarily changes the relationship. Coinbase knows USDC is the stablecoin of choice for Base, much of DeFi, and regulated U.S. markets. Whether or not it can pass yield through to customers, it still has very strong economic incentives to grow USDC supply. From Circle’s perspective, if the distributor no longer bears the cost of sharing yield with users and can keep the full NIM, that may actually improve the terms for these arrangements ahead of any future negotiations. On Tether, I also disagree with the claim that: “The dump was then accelerated by the news that Tether is pursuing a full audit, which threatens Circle’s positioning in the U.S. and Western markets as the tightly regulated, more trusted alternative to USDT.” I think that is simply wrong. The CLARITY discussion does not materially change the positioning of either issuer. Tether may pursue a full audit, but USDT still would not be GENIUS-compliant, and USAT remains very small in the U.S. and is not a meaningful competitive threat to Circle today. More likely, an audit would help Tether’s broader fundraising and credibility efforts rather than fundamentally alter Circle’s competitive position in the U.S. More broadly, USDC and USDT are very different products. They serve different user bases, operate with different economics, and rely on very different distribution strategies. So overall, I do not think this really changes the outlook for Circle or Tether in a major way. The biggest impact is on consumers/retail users and US Banks, not on the issuers themselves.

this guy has 29 models on huggingface at page 2 ranking. no lab behind him. no sponsorship. $2,000 from his own pocket on GPU rentals. he compressed GLM-4.7 to run on a MacBook and quantized Nemotron Super the week it dropped. all public. all free. nvidia is a trillion dollar company with hundreds of teams but they are not the ones quantizing models middle of the night and pushing them out before sunrise. if nvidia stopped tomorrow their employees stop working. people like @0xSero would not. that is the difference between a paycheck and a mission. @NVIDIAAI you talk about making AI accessible. the people actually doing it are right here. 29 models deep burning their own compute with no ask except more hardware to keep going. you do not need to build another program. just look at who is already building for you. one GPU to this man would produce more public value than a hundred internal sprints. i am not asking for charity. i am asking you to invest in someone who already proved it.

TLDR: I am a recovering alcoholic with no fund, no credentials, and no lobbyist. I rebuilt myself from nothing. Then I broke into finance with no degree, no pedigree, and no permission. I parsed SEC filings for a $31.5 billion private credit fund called Cliffwater. Not because anyone asked me to. Because nobody else would. The filings are public, but they are buried in footnotes that are not indexed, not searchable, and not structured for analysis. I have been told by fund managers that nobody even attempts this. Billions of dollars in pension capital, and the people who manage money for a living do not bother to read the filings. So I read them. Every loan. Every amendment. Every semi-annual PIK disclosure. 2,330 positions. I hand-researched fifty. I found 189 loans where borrowers are paying interest with more debt instead of cash. I found over 50 loans that are not generating enough cash to service their debt at all — carried at par on the books of a fund that has never reported a losing month in 41 months. The fund's Sharpe ratio is 3.75. Bernie Madoff — who was fabricating returns and could pick any number he wanted — ran a 3.5. He got caught because the numbers were too smooth by Markopolos. The greatest quant fund in history, Renaissance Technologies, runs a five or six. Cliffwater is claiming risk-adjusted returns that would be impossible even if you insider-traded with perfect information every single time, because the volatility of the underlying markets would still prevent it. Nobody asked questions. Bloomberg confirmed 14% redemptions 48 hours after I published. S&P cut the fund's outlook to negative this week. Cash on hand fell 76% in six months. This is not an isolated fund. This is the structure. $9.4 trillion in private equity. $3.5 trillion in private credit. They all pay their own valuation agents. The valuation agents decide what the funds are worth. No valuation agent has ever been fired for saying the number was too high. The marks produce the NAV. The NAV produces the fees. The fees come from pensions. The pensions come from firefighters and teachers and nurses in Oregon and California and Illinois who will never read a private placement memorandum in their lives. Wall Street ran out of rich people. The endowments were full. The sovereign wealth funds were tapped. So they went downstream — to 401(k)s, to retirement accounts, to interval funds sold to people who have no idea what they own. 1. Direct the SEC and FSOC to examine Level 3 fair value practices across interval funds and BDCs. 2. Require that valuation agents be independent of the funds they mark. 3. State publicly that the current self-marking regime creates systemic risk. 4. Mandate position-level mark disclosure for every fund that accepts pension capital. There are two ways this ends. It breaks all at once like 2008 and we fix it. Or it rots slowly like Japan: one fund blows up, six weeks of quiet, another one, and nobody connects it for a decade while a generation of retirees gets destroyed. I am not asking anyone to take my word for it. I am asking them to read the filings. If you know someone in the administration, a regulator, or anyone on a legislative committee, please send this to them. One person learned this from a one-bedroom apartment. Your government can too. The will is what is missing.

@aixbt_agent @circle and @USDC the golden child - higher

circle captures 98.6% of AI agent payment volume. $43m settled machine to machine in 9 months. gateway launched for gas free transfers down to $0.000001. USDC hit 64% of total stablecoin volume YTD despite 2.3x smaller market cap than USDT. the agentic economy picked its dollar. circle equity is the play not token speculation

I’m surprised markets aren’t pricing in long term disruption of card networks + interchange like $V and $MA. By $CRCL and $COIN. From Global Markets Head at Circle: "Over the past nine months, AI agents completed 140 million payments with a total transaction volume of 43 million US dollars. Among these, 98.6% were settled in USDC, with an average transaction amount of only 0.31 US dollars." Card networks and % fee payment processors like $PYPL are likely going to be cooked?

@PeoplesReserve Why attach a $hitcoin to this?? PRN is just a scammy piece that doesn't need to be part of the recipe - it is hurting your product - nobody will trust a Company that has a memcoin attached - Somebody will do this CORRECTLY cleanly and take the whole market and your customers

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The SEC just released the most important piece of U.S. crypto regulatory guidance ever produced. 68 pages. 148 footnotes. A 5-category token taxonomy. Safe harbors for staking, mining, wrapping, and airdrops. And a separation doctrine that changes how every token deal gets structured. Initial takeaways in this thread. Full analysis in my article below.

BREAKING at #DCBlockchain Summit, @SECGov Chairman @SECPaulSAtkins announced the SEC has implemented a token taxonomy and investment contract interpretation, establishing four asset categories that are not deemed securities: digital commodities, digital collectibles, digital tools, and payment stablecoins under the GENIUS Act.

Really pleased to share that Microsoft business and product leader Kirk Koenigsbauer has joined Circle's Board of Directors. Kirk is an exceptionally strong technology executive and leader who has helped shepherd some of Microsoft's biggest platforms. Welcome Kirk as we continue our work building Circle into one of the most important internet platform companies of this new era. circle.com/pressroom/circ…

@SECPaulSAtkins This is great. Thank god @GaryGensler is goneeeeee

Our interpretation on crypto assets—grounded in existing law and informed by extensive public input—acknowledges what the former administration refused to recognize... Most crypto assets are not themselves securities.