Ericzoo 🎯

◆ Data across 200+ chains ◆ Revenue Pools linking real usage to $SQD ◆ Built in Web3, now backed by a Nasdaq-listed parent. SQD matters because agents need reliable production-grade blockchain data. Agentic commerce needs a serious data layer: SQD.ai

We just crossed $100k in total borrowed assets on Rujira. Each milestone shows more people are using decentralized markets built around native assets, transparency, and equal opportunity for everyone. Thank you for being early. Bigger things ahead. Onwards!

Why Most Humanoid Robots Haven’t Shipped Rob Cochran, CEO of Fauna Robotics, recently explained something the robotics industry doesn’t talk about enough. Many humanoid robots look impressive in demonstrations, but shipping real systems into the world is a completely different challenge. In a demo environment everything is controlled. The space is mapped, lighting is predictable, objects are known and engineers are nearby if something fails. A robot can walk, pick up objects or interact with people and it looks like the technology is ready. "Real deployment is where things get difficult" Humanoid operating in real world has to combine walking, balance, perception, manipulation and safety continuously. It has to navigate environments that change every day, avoid people, recognize objects it has never seen before and do all of that reliably for long periods of time. Achieving that level of consistency at a cost that businesses can afford is one of the biggest reasons why most humanoids remain prototypes. A large part of the challenge comes down to spatial understanding. Robots need to know where things are, how spaces are structured and how to move through those environments safely. When every robot has to build that understanding from scratch, deployment becomes slow and fragile. "at this point infrastructure becomes important" Projects like @Auki are focused on building a shared spatial intelligence layer where environments can be mapped and understood by machines collectively. Instead of every robot trying to interpret the world independently, spatial data can be synchronized so robots, sensors and AI systems share the same understanding of physical space. As robotics moves closer to real world deployment, solving that spatial layer could play a significant role in turning impressive humanoid demos into systems that actually ship and operate at scale.

This was the highest volume day on $IBIT, ever, by a factor of nearly 2x, trading $10.7B today. Additionally, roughly $900M in options premiums were traded today, also the highest ever for IBIT. Given these facts and the way $BTC and $SOL traded down in lockstep today (normally SOL trades with beta) + the relatively lower liquidations on CeFi exchanges, this leads me to believe that the nexus of the problem lies with a large IBIT holder. IBIT has become the #1 venue for BTC options trading, so my guess is that a hedge fund trading IBIT options is the culprit. If you look at the 13F filings for IBIT (I like whalewisdom dot com), you'll find a number of interesting names that have the majority of their fund in IBIT. In fact, there are a few in there (not naming names) that have 100% of their fund in IBIT, which likely means no cross margin. In fact, the biggest reason to set up a fund to hold a single asset would be to isolate margin, so that if the trade blew up, the brokers wouldn't have claim to any other assets. Interestingly, most of these giant, single asset funds are based in HK. We know that Asian traders, particularly in China, have been deeply involved in the Silver and Gold trade. Silver was down 20% today, which was the 2nd largest 1 day move in a very long time (largest on Jan 30). We also know that the JPY carry trade has been unwinding at an increasingly rapid pace. This leads me to think that the culprit for the IBIT blowup today was 1 or more HK-based non-crypto hedge funds. As @FranklinBi pointed out, the fund(s) being non-crypto would explain why no one sniffed them out. They would likely have few/no crypto counterparties, meaning complete isolation from CT. The last small piece of evidence I have is that I personally know a number of HK-based hedge funds that are holders of $DFDV, which had the worst single down day ever, with a meaningful mNAV decline. The mNAV had been holding steady surprisingly well throughout this pull back until today. One of these fund(s) could have been connected to the IBIT culprit, as I highly doubt a fund taking that large of a position in IBIT and using a single entity structure would only have the one fund. Now, I could easily see how the fund(s) could have been running a levered options trade on IBIT (think way OTM calls = ultra high gamma) with borrowed capital in JPY. Oct 10th could very well have blown a hole in their balance sheet, that they tried to win back by adding leverage waiting for the "obvious" rebound. As that led to increased losses, coupled with increased funding costs in JPY, I could see how the fund(s) would have gotten more desperate and hopped on the Silver trade. When that blew up, things got dire and this last push in BTC finished them off. I have no hard evidence here, just some hunches and bread crumbs, but it does seem very plausible. Let's see if some more concrete evidence floats to the surface here soon. The smoking gun will be a large fund fitting this profile filing a 13F showing a giant IBIT holding going to zero. Unfortunately, if a fund had their IBIT position liquidated today, they wouldn't have to disclose the position change until 45 days after the quarter end, so we'd be looking at mid May for the smoking gun from 13F filings most likely. Hopefully some of you out there with too much time on your hands this weekend can snoop around more. My guess is that word will start to get out, because something of this size is just too hard to hide. Additionally, if the broker was not able to liquidate the fund in time, the broker may have a hole in their balance sheet, which would be even more difficult to hide.

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JUST IN: MICHAEL SAYLOR JUST ANNOUNCED STRATEGY WILL LAUNCH A GLOBAL EFFORT TO UPGRADE #BITCOIN FOR QUANTUM LEGENDARY 🔥

#Binance SAFU Fund Asset Conversion progress update. Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: blockchain.com/en/explorer/tr… We’re continuing to acquire #Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days of our original announcement. We’ll share updates with the community as they become available.

Just did a meeting at a major wirehouse: They view the pullback as an opportunity, not a threat. Nearly all of their clients have 0% exposure to crypto today. They want that to be 2%. Off to another meeting…

$30,999 $ZEC? Here's Why The Case for Zcash (ZEC) Matching Palantir Technologies’s $491.5 Billion Market Cap Zcash — a privacy-focused cryptocurrency employing zk-SNARKs for shielded transactions — could command the same market capitalization as Palantir Technologies — a leader in AI-driven data analytics and surveillance software. Drawing from Brian Cohen’s 2025 X threads, we frame them as a barbell investment: complementary extremes in the privacy-surveillance dialectic. Palantir thrives on visibility (aggregating and analyzing vast data for governments and corporations), while ZEC excels in opacity (enabling private, auditable transactions). As AI surveillance escalates and privacy regulations tighten, both capture value from the same tension — thus warranting valuation parity. Current snapshot (as of November 5, 2025 close): Palantir (PLTR): Trading at ~$188.60/share, market cap ~$491.5 billion. Zcash (ZEC): Trading at ~$463, market cap ~$7.56 billion (circulating supply ~16.33 million tokens). To match Palantir’s cap, ZEC would need a price of ~$30,099 — a ~65× increase from today, driven by scarcity (21 m total supply, post-halving) and adoption tailwinds. This aligns with Cohen’s thesis: in his “Mirror Archetype” (Oct 13 2025 thread), Palantir is the “eye that sees all,” ZEC the “cloak that hides all.” His “Operation ChainSentry” narrative (May–Oct threads) frames Palantir’s blockchain-intel tools boosting privacy demand, pumping ZEC ~31× to ~$1,400 by 2026 — a stepping stone en route to full parity. 1. Core Parallels: Monetizing the Data Arms Race Symmetric Value Propositions: Palantir’s platforms (Gotham for intelligence, Foundry for enterprise) aggregate and query massive data-sets, powering large contracts (e.g., UK MoD, etc). Zcash counters with zero-knowledge proofs enabling fully private blockchain transactions, where users opt-into shielding (now ~40% of activity, up from ~25% in 2023). In a world of rising breaches (IBM: average cost ~$4.88 million in 2024) and stricter regulations (e.g., EU’s MiCA favouring zk-tech), Palantir secures institutions; Zcash empowers individuals. Cohen calls this the “thermodynamic fuel” of data entropy—Palantir compresses it for control, Zcash expands it for freedom. “Just as ARK saw Bitcoin as a hedge against fiat debasement, Zcash now offers a hedge against cryptographic obsolescence — the next systemic risk.” Growth Alignment: Both have surged from 2024 lows amid AI/crypto thaw (pro-crypto policies, ETF approvals). Palantir’s Q3 2025 revenue hit ~$2.48 billion (~30% YoY), but its 200× P/S ratio reflects hype. Zcash’s “revenue” (transaction fees/miner rewards) implies a <10× multiple on ~10× projected growth, which looks undervalued in a ~$5 trillion crypto market (EOY 2025 estimate). 2. Convexity and Feedback Loops Barbell Resilience: Per Cohen’s dual-long strategy (Oct 12 carousel), own both ends of the loop: If the surveillance model wins (Palantir’s edge in predictive policing/ICE ties), Zcash serves as the “antibody” amid backlash. If privacy becomes dominant (quantum threats like the Fed’s “Harvest Now, Decrypt Later” report), ZEC leads — while Palantir still profits from compliance tools. Both have betas in the ~2.5–3× market volatility range. Funds like Fidelity’s ~$2 billion “60/40” ETF may already blend them.

🚨JUST IN: 🇺🇸U.S. GOVERNMENT SHUTDOWN ENDS Lawmakers have reached a deal to reopen the government, ending the shutdown and restoring federal operations.

📈 BITCOIN ETF INFLOWS RETURN Bitcoin spot ETFs recorded $561.9M in net inflows yesterday, ending 4 straight days of outflows. Not a single ETF saw outflows. Fidelity led with $153M, followed by BlackRock at $142M. February’s FIRST inflow day has already outpaced ALL of January. THE BID IS BACK.

One of the longest ISM Manufacturing PMI contraction periods in U.S. history ended this morning with a breakout to 52.6, up 4.7 points from December. Past breakouts in 2013, 2016, and 2020 served as key catalysts for Bitcoin's major bull runs. This ends 26 consecutive months of contraction and signals the first expansion since early 2025. The ISM subindices paint an extremely optimistic picture: 1. New Orders surged 9.7 points to 57.1 2. Production rose 5.2 points to 55.9 3. Backlogs of Orders expanded 5.8 points to 51.6 4. Supplier Deliveries increased 3.6 points to 54.4, reflecting rising demand pressure 5. Prices only edged up 0.5 points to 59.0, showing contained inflation signals Historically, these PMI reversals mark the shift to risk-on conditions. This is good for 🟠.

UPDATE: Switzerland's largest bank UBS acquires 3.23M additional @Strategy shares, bringing total holdings to 5.76M shares ($805M) in the $BTC treasury company.

Sapling back to 2020 levels, wild! 👀. Orchard is the new king of the shielded pools. $ZEC

NEW: We now track @Zcash, a privacy-focused L1, with the most comprehensive publicly available dashboard. The new dashboard provides information on shielded transaction activity, fee breakdowns, block reward distribution, ZEC activity on other chains, and many more charts.

Product-market fit. Zcash 🛡️

http - Bitcoin https - Zcash

BREAKING: 🇺🇸 US ISM Manufacturing PMI just came in at a 40 MONTH high of 52.6. Expected was 48.5. The ISM above 50 is bullish for markets.

what the fuck happened this weekend > pompliano is a iran informant, threatened epstein > epstein files describe saylor as a zombie on a drug > justin sun's ex snitched on him on twitter > cz says supercycle is over because ct hates him now > cz says binance to buy $1B of btc, 2 days later a $1B dump on binance causes the flash crash > toly unfollows cz, somehow sol dumps from $117 to $94 the day after > garrett bullish liquidated on over $700M longs