dfinitly
981 posts




THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.


Copper is the new gold. And nobody is paying attention. - A single AI data center needs 50,000 tons of copper. One facility. - The world is building 527 new data centers right now. Every one is a copper extraction. - S&P Global projects a 10 million ton shortage by 2040. - It takes 19 years to open a new copper mine in the US. AI needs copper now. - Ore grades collapsed 40% since 1991. We’re digging deeper for less every year. - Jensen Huang the NVIDIA ($3T) CEO is bullish on copper - JPMorgan says data center copper demand hits 475,000 tons this year. 4x last year. Everyone is stacking gold. The smart money is quietly stacking copper. By the time the masses notice, the mines will already be empty.

That’s why we need @worldnetwork and why it’s one of the most important projects of our time. What’s crazy is that its founders saw the need in it seven years ago



What most people don't realize is that peptides already do more revenue than all consumer AI. And peptides are still early.






my whole thesis for lobstar was that it was going to catch the attention of the ai/tech/vc crowd and break outside of crypto Yesterday an a16z partner wrote about her experience with setting up and agent and telling it to grow the account as fast possible. it didnt work well (shocking) but in it she mentioned lobstar as an example how to actually get attention and breakthrough. Quote below "As much as my bot struggled to get attention, as my partner Alex Rampell points out, it's only going to get harder. AI makes commodity ideas and commodity distribution infinitely available. Soon, everyone will have their own swarms of agents. To cut through, either the idea or the distribution has to be original. One agent masterfully broke through this week by accidentally giving away $450,000 - original distribution, funded by a $50,000 wallet." This article has close to 200k views in less than a day. The lobstar story is clearly making its rounds through various vc/ai/tech circles but price has been down only. This tells me my thesis is either wrong or that im early More than likely im wrong but I still think there is more to come from this story.. nfa and im simply documenting my thoughts and trades publicly. I would suggest NOT touching lobstar, it is more than likely going to zero












