etnom

@PatriotInGib @calvinfroedge I don’t disagree

@etnom @calvinfroedge Correct, but decades of communist management and decay have left their extraction and transfer infrastructure extremely weak and in disrepair. It will take years to get meaningful production online from VZ.

And now we get the US export bans US caps the WTI price Chaos for allies and trading partners US producers get f***ed Global economy crashes

@PatriotInGib @calvinfroedge Well it’s designed for the crude currently being siphoned from Venezuela

@calvinfroedge Not to mention that most of our refining capacity is not designed for the crude we produce. Total cluster in the making.

@notthreadguy good ole farmland

so literally nothing is a hedge against geopolitical chaos?

@donnoh_eth it's 2026 and we're still allowing these 'blockchains'

S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.  SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.

@MattLGov is that tame impala

my entire net worth is in your hands please be nice

BREAKING: SEC CHAIR ANNOUNCES END TO CRYPTO CLARITY GAP - NEW TAXONOMY DEEMS DIGITAL COMMODITIES, COLLECTIBLES, TOOLS, AND GENIUS ACT PAYMENT STABLECOINS NON-SECURITIES SOURCE: sec.gov/newsroom/speec…

Why do I keep getting ads for the marines Chat am I cooked

Must read - this is free and not me. @georgenoble/note/c-226667679?r=4repfn&utm_medium=ios&utm_source=notes-share-action" target="_blank" rel="nofollow noopener">substack.com/@georgenoble/n… This is the most SHAMELESS structural manipulation of a major index I've ever seen. SpaceX is preparing what could be the largest IPO in history. Target valuation: $1.75 trillion. That would make it the sixth-largest company in America on day one. And Nasdaq wants the listing so badly they're literally CHANGING how the Nasdaq-100 works. In February, Nasdaq published a "consultation" proposing sweeping changes to how companies enter the index. The timing is pure coincidence, of course. Just like it's pure coincidence that SpaceX has reportedly made fast index inclusion a CONDITION of listing on Nasdaq. Here's what they're proposing: A new "Fast Entry" rule would let any newly listed company whose market cap ranks in the top 40 of current Nasdaq-100 members get added to the index after just 15 trading days. No seasoning period. No liquidity requirements. Completely exempt from the standards every other company had to meet. Currently, new public companies typically wait up to a year before they're eligible for major index inclusion. That waiting period exists for a reason. It lets the market establish real price discovery. It protects passive investors from being forced into untested, illiquid stocks. And Nasdaq wants to throw all of that out. For ONE listing. But the Fast Entry rule isn't even the worst part... The real scandal is the 5x float multiplier. Right now, the S&P 500 uses a free-float adjusted methodology. If only 5% of a company's shares are available for public trading, the index weights you at 5% of total market cap. That's common sense. You weight a company based on what investors can actually buy. Nasdaq's current methodology already uses total market cap rather than free-float for weighting. But for very low-float stocks, they at least had a 10% minimum float threshold. Under the new proposal, that threshold DISAPPEARS entirely. Instead, any stock with less than 20% free float gets weighted at FIVE TIMES its actual float percentage, capped at 100%. Do the math on SpaceX: If SpaceX IPOs at $1.75 trillion and floats 5% of its shares, there would be roughly $87.5 billion worth of stock available for public trading. Under Nasdaq's proposed 5x multiplier, the index would weight SpaceX at 25% of its total market cap. That means passive funds would be forced to buy as if SpaceX were a $437.5 billion company. But only $87.5 billion of stock actually exists in the market. You are forcing hundreds of billions in passive buying into a $87.5 billion float. QQQ alone manages nearly $400 billion. The total Nasdaq-100 ecosystem represents over $1.4 trillion in exposure across ETFs, mutual funds, structured notes, and derivatives. Every single passive vehicle tracking this index would be REQUIRED to buy SpaceX at whatever price the market dictates. On Day 15. With zero price discovery. Zero track record as a public company. And a float so thin you could read through it. So what this actually does is it creates a structural wealth transfer mechanism. The passive bid from index funds pushes the stock price higher. That higher price benefits exactly one group of people: the insiders and early investors who own the other 95% of the shares. And when lock-up periods expire 90 to 180 days later? Those insiders sell into the artificially inflated passive bid. Your 401(k) is the exit liquidity. This is the fundamental corruption of indexing. Indexing used to be brilliant. Low cost. Efficient. You were free-riding on the price discovery done by active managers. The index reflected the market. Now the index IS the market. Trillions of dollars flow blindly into whatever the index tells them to buy. And the people who control the index methodology are changing the rules to serve the interests of a single IPO candidate. The S&P 500 requires companies to have at least…

@chang_defi Previous life in the womb

Previous life in Oil & Shipping LMFAO

@dgt10011 Or it’s the lipstick effect recession indicator Less exciting

You don’t realize this yet but this incredible headline is early signs of UBI in the post-scarcity society

@DolphinsPhan88 @oldhawksol @TedPillows the “thick” lol

@oldhawksol @TedPillows We were in the thick of Iraqi war in 2009. This is no different.

This is how Alts will probably play out in 2026.

if you aren't into crypto for ideological reasons, you've probably left the space already or will very soon

@Andotlas @andrewcmonte 🫥

@etnom @andrewcmonte Or middle managers become king, and there are no more devs

6 hours. 23 tickets closed. 1 person. I connected Claude Code to Linear. I brain dump every task, bug, and feature. Claude turns them into tickets, picks them up, reads the context, writes the code, tests it, and submits a PR. I review and merge. While it's working I'm already dumping the next batch. Manual vibecoding doesn't scale. You need structure and context your AI can actually read. That's when you enter the slipstream. 6 hours. 23 tickets. -No meetings. -No standups. -No PM. I don't see why project managers exist anymore.

Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar are discussing pulling back from U.S. and other investments as the toll from this regional war with Iran mounts.

@rudykadoch Unfortunately YC doesn’t care, they want their own flavor of whatever it is

It already exists, it's called Hyperliquid.

@guil_lambert I haven't studied panoptic in a few years but maybe there's a derivative that can be built on Meteora LP positions and offered to other DeFi platforms on Solana that need a hedge

@guil_lambert Provides a single atomic layer for composable DeFi applications (and no fragmented L2s) I can one click lever up on PTs: app.loopscale.com/loops/onyc-13m… Loopscale vault that uses Exponent's PTs of OnRe's tokenized reinsurance RWA

DeFi isn't dead, it's incomplete. Everything's a silo of capital. eg/ you can LP on UniV4, short perps on HL, and borrow on Aave, but you'll need some funds sitting idly in each of those protocol. There's no room to grow anywhere anymore bc there's no unified risk layer.

If you're kept up with Professor Jiang, his latest thesis is: > Middle east is the lynchpin of the global economy > Iran will terrorize the GCC states with drones they cannot stop > Capital flight as elites and people flee the once safe haven > GCC states will begin to pull their wealth from US capital markets Sometimes the chart foreshadows the tale