Ralph A.

$TSLA dropping Model S and X matters for narrative. Wall Street was counting deliveries, but can it count electrons?

@bigsuey @AnthropicAI @fluidstack Congrats @bigsuey @ashergenoot Sean and entire HUT team!

☕️ GM! Today, Hut 8 launched a partnership with @AnthropicAI and @Fluidstack 👉To accelerate the deployment of hyperscale AI infrastructure in the United States. 👉Under the partnership, Hut 8 will develop and deliver at least 245 MW and up to 2,295 MW of AI data center infrastructure of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack. 👉Hut 8 also signed a 15-year, $7.0 billion lease with @fluidstack for 245 MW of IT capacity at its River Bend data center campus. 👉The Agreement grants Fluidstack a Right of First Offer for up to an additional 1,000 MW of IT capacity at future expansion phases of the campus, subject to the expansion of power at the site. $HUT

Current vibe check: 1. Jensen basically calls AI bubble fake news, demand literally off the charts, $NVDA continues to invest 2. Dec cut odds go from >90% to 25%. no market surprise if Fed maintains 3. Entering seasonally strong window 4. Sentiment crushed all around

cut odds dropping from 90% to 30% is nature healing. Now no huge negative surprise if Fed maintains. With new Fed chair pick coming, Dec mtg may matter less

if you're going to argue existential risk posed by stablecoins, then at least acknowledge that @circle (a good actor) was stress-tested during the Silicon Valley Bank crisis and continued functioning normally, even before the GENIUS act. you can't cite Luna but omit Circle

@JustinThomas34 @TheOpen @TommyFleetwood1 You guys wanna play @RCPgolfclub on Wed? 😎

Four days in a row @TheOpen just wasn’t enough… what do I do tomorrow??? I’ll be so confused not golfing with @TommyFleetwood1!

Congrats to @AK_EtherMachine and the entire team! A world class team, combined with institutional support, and the ability to operate across crypto and traditional rails...that's incredible potential to reshape how traditional finance plugs into @ethereum. This is the kind of infrastructure that unlocks the next big wave. @Factor6Capital is proud to be a part of it. All the best!

And just like that... h/t @hashrateindex

$BTC difficulty is set for its largest % drop in years this weekend = better mining economics. At the same time: -Price near resistance. -Short interest stacked. -Implied vol at YTD lows, presumably due to covered calls -Demand strong from treasury companies + ETF inflows Love the setup. Potential two-way win and a turning point for miners. (I could be wrong and have been before.) h/t @newhedge_io @coinglass_com

Oh, how far we’ve come 2022 - People searched “stablecoin” during the Luna collapse. 2024 - They’re searching it because of the GENIUS Act, @circle , bank adoption, cross-border payments, programmable yield, and tokenized Treasuries. Today’s context couldn't be any more different.

Absolute music to my ears. @Fiserv is as engrained in financial infrastructure as it gets, and they’re now launching their own stablecoin platform. A huge boost to our thesis on the coming proliferation of stablecoins. My take on the implications: 1. They chose @solana , a public blockchain: Why it matters: Transparency, broader network effects, and most importantly, potential value accrual to token holders (unlike private blockchains where value accrues to a few centralized players). That’s our whole raison d’être. 2.  Interoperability with several leading stablecoins. Makes it accessible across different types of issuers and stablecoin models. FIUSD can serve as a bridge to broader CeFi and DeFi opportunities. 3. Built-in compliance. Fraud monitoring, risk management, and settlement controls make it bank-friendly.  This is the definition of “programmable money” and a true differentiator. 4. They’re exploring deposit tokens. On-chain representations of bank deposits = capital efficiency. Imagine every tri-party structure using this instead—simple, fast, and fully auditable. We’re going to hear this term a lot more. 5. Huge Reach: 3,000+ regional/community banks enable them to issue or brand tokens, 10k institutions, 6M, merchants, 90B+ transactions. Adoption just got a whole lot easier. If you don’t yet see how stablecoins are set to permeate every layer of finance, we're happy to walk you through it! h/t @WSJ

Made possible by @base @coinbase @solana @ethereum

I want to make stablecoins my entire personality. With the Senate passing the GENIUS Act yesterday, it's a good time to revisit the most obvious stablecoin use case: cross-border payments. Take remittances: Wire transfer: $35, arrives sometime next week 🐢 Stablecoin: <$0.01, arrives before you finish this sentence 🚀

$BTC exchange reserves have been getting soaked up since the ETF launch. Now, amid a wave of treasury companies, $GME's upsized $2.25B convert closes today. The demand for Bitcoin remains insatiable. h/t @cryptoquant_com

Recent reporting projects that stablecoins could grow into a $3.7 trillion market by the end of the decade. That scenario becomes more likely with passage of the GENIUS Act. A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins. This newfound demand could lower government borrowing costs and help rein in the national debt. It could also onramp millions of new users—across the globe—to the dollar-based digital asset economy. It’s a win-win-win for everyone involved: ✅The private sector ✅ The Treasury ✅ Consumers These are the fruits of smart, pro-innovation legislation.

👀 $SBET options list today, in a market lit up by gamma squeezes a la $CRWV $CRCL $OKLO. Works both ways, but for now, retail continues to dominate.

Another day, another $BTC treasury co. Quantum Biopharma Purchases an Additional USD $1 Million of Bitcoin and Other Cryptocurrencies to Hold BTC Treasury and To Generate Staking Revenue. Bringing the Total Investment in Digital Assets to USD $4,500,000 I wrote about this: x.com/Factor6Capital…

i guess HODLing is too complicated