RIFT

🚨 The Khamenei family's global money trail is one of the largest wealth-extraction schemes in modern history - and is now under DOJ investigation. Investigations have linked Mojtaba Khamenei and his network to a sprawling web of luxury properties, offshore companies, hotels, financial interests, and international investments stretching from London and Dubai to Switzerland, Germany, Austria, and beyond. ⚪ Luxury mansions on London's Billionaires' Row. ⚪ Multi-million-dollar apartments in some of London's most exclusive neighborhoods. ⚪ Luxury villas in Dubai. ⚪ Hotels and resorts across Germany, Austria, Spain, and other parts of Europe. ⚪ Shipping and financial interests spread across multiple jurisdictions. ⚪ Offshore entities and banking relationships allegedly designed to obscure ownership and move money internationally. At the center of many of the allegations is a network of shell companies, proxies, offshore structures, and trusted intermediaries allegedly used to move and conceal assets despite years of sanctions. Now the story is growing even larger. ⚪ U.S. authorities are reportedly investigating financial transactions connected to Mojtaba Khamenei's network. ⚪ Investigators are examining how money may have moved through the international banking system despite sanctions. ⚪ Major financial institutions are reportedly facing scrutiny over potential exposure to the network. The contrast is impossible to ignore. For decades, the Islamic Republic preached sacrifice, resistance, austerity, and economic endurance. Ordinary Iranians were told to accept sanctions, unemployment, inflation, and declining living standards. Meanwhile, the regime's ruling elite allegedly accumulated luxury real estate, offshore holdings, foreign bank accounts, five-star hotels, and hundreds of millions of dollars in overseas assets. The same regime that condemned Western capitalism and foreign influence allegedly parked enormous wealth in some of the world's most desirable cities, banks, and investment markets. Whether the full extent of the empire is ever uncovered remains to be seen. But if even a fraction of these allegations are true, they expose a staggering level of hypocrisy at the heart of the Islamic Republic: preaching sacrifice to the Iranian people while allegedly accumulating extraordinary wealth abroad.

> Paradigm asked me to OTC some $HYPE. Fred Ehrsam sounded stressed. Said the desks are completely dry and clients keep asking for exposure. He paused for a second and whispered: “we should’ve bought more at $12.” > Multicoin partners allegedly asked Kyle why they owned 47 different governance tokens but no $HYPE for so long. Nobody has seen him since. Insider sources claim Multicoin’s investment process now starts with one question: “What would Kyle do?” Then they do the opposite. > Sequoia called me today at 3am asking if I’d lend them some $HYPE liquidity. Apparently every founder in crypto suddenly became a Hyperliquid maxi overnight. The partner on the phone sounded exhausted. He got hundreds of emails saying ”Hyperliquid”. > a16z begged me to unlock some spot $HYPE. They said every dip gets bought instantly and their traders can’t source enough inventory anymore. Chris Dixon asked me what’s the best way to farm a potential s3. I answered that they get a multiplier if they send their spot hype to 0x0000000000000000000000000000000000000000. > Jump Trading offered me “strategic partnership opportunities” if I’d part ways with my $HYPE bag. I said no. They immediately increased the bid. > Goldman Sachs heard the rumours that their SpaceX IPO deal will be frontrun by Hyperliquid traders. They asked if my $HYPE position was “negotiable.” I told them it depends. They asked what price. I said: “higher.” > Jane Street tried to calculate fair value for $HYPE. They asked me what’s the underlying of a Hyperliquid? After 14 spreadsheets and 3 models they concluded: “there’s not enough spot available.” > BlackRock called asking for “just a small allocation.” They said pension funds are suddenly asking about Hyperliquid during meetings. One analyst reportedly called it “the AWS of liquidity.” I told them to think bigger. It’s the House of all finance. Hyperliquid

In an ideal world all software and hardware would have "nutrition labels" that provide a full list of trust dependencies - what math and which actors' honest behavior (and on what time scale) the system is relying on to provide its core functionality and implied guarantees.

Alfonso mangoes, fresh from India. $20 each. No low ballers, I know what I’ve got.