$2.5 billion from Chardan, paid in newly issued PURR stock
The company's stated strategy is stacking $HYPE , and that's what every headline did with this number, but the filing itself just raises the Total Commitment from $1.0 billion to $2.5 billion on September 1
The 8-K never mentions HYPE. Not once. The holdings figures everyone's quoting aren't in it
So the buying power is priced in its own shares and its own shares are priced off HYPE
HYPE up, PURR up, sell stock higher, buy more HYPE, repeat. Run it backwards and it's the same machine, just draining
The amendment already knows after the first $1.0 billion, shares sold below $12.02 run into a hard cap 42,641,847 shares, 19.99% of the count past that the shareholders have to vote
PURR closed at $11.355 that same day. Down 7.3%
Nothing's broken. It's just waiting on the stock to be 5.9% higher than it is🤔
Do I trust a momentum cross after 8 months of red? No. Wrote the number down anyway.
CryptoQuant's Bitcoin Cycle Momentum flipped positive for the first time in that stretch. Their read: high probability $BTC is exiting the downtrend, as long as the line keeps climbing and hits 20-30 in the coming weeks.
Two outcomes then, and neither one of them is a bottom. Sorry.
It gets to 20-30 and I stop arguing with the chart and start sizing into strength.
It stalls out and rolls over. That one is worth more to me. A market that can't follow through on its own bullish signal has just shown you where it actually is.
Either way I sit on my hands for a few weeks and let the line answer for itself)
🔸 Three things the G20 just called on countries to do:
🔹 expand large-value payment system operating hours 🔹 encourage the harmonized ISO 20022 data model 🔹 facilitate cross-border transmission of financial services-related data
Same statement that recognizes a transformative role for digital assets. One paragraph hands us the adjective. The next one puts a work plan under the rails we said we'd replace
Longer hours, one message format, financial data crossing borders without a correspondent chain taking a cut at every hop. That's the pitch. It's the reason a lot of us moved money on-chain in the first place, and now it sits on the G20 roadmap with the incumbents doing the building
And the one hard verb aimed at us goes to FATF: make sure jurisdictions with significant virtual assets use are implementing the virtual asset standards, as a priority. Not a pathway, an instruction
$BTC is -1.7% on the day, which is roughly what an adjective is worth)
Anyone actually think the banks ship this before we do?
The SEC published two press releases. Apart they're two news items. Next to each other they're a plan.
On September 17 the SEC sits down to talk about round-the-clock trading. The agenda:
▪️ overnight market surveillance ▪️ liquidity ▪️ clearing and settlement ▪️ keeping the trading systems maintained ▪️ whether to go to full 24/7
Liquidity is on that list, and anyone who has tried to fill size on a Sunday already knows how that goes. The hours were open. The book was empty. More hours spread the same depth thinner, that is all they do.
But clearing and settlement is the item that decides the rest
Matching orders at night is easy, everyone does it. Moving ownership at night is the hard part, because ownership lives in a register that somebody has to keep. In equities that somebody is the transfer agent.
Which is the second release. First serious rewrite of transfer agent rules in several decades, written around blockchain and tokenization, looking straight at issuing and transferring shares on chain.
Register first, trading hours after. That order is the whole story.
$BTC settles at whatever hour you press send, and always has. We got the boring part right first and spent the whole time being told it was a toy😁
Anyway. Would you actually hold a tokenized share where the register is just the chain, or do you want a name and a phone number behind it?) #SEC #bullish
Japan's 10-year bond pays 3% now. A few years ago it paid roughly zero
That is the macro story of the week. nothing to do with crypto
why it reaches us anyway:
➡ cheap yen was the funding for everything. borrow at nothing, buy stocks, buy risk, buy coins ➡ 3% is not nothing. Reuters calls it the first 3% print in 30 years — three decades of free money, repriced ➡ if the yen rips higher, those books close. selling risk assets to repay JPY loans. plumbing, not news ➡ japanese money comes home too, out of US treasuries, which pushes US yields up, which tightens everything else, and that is the part nobody here is pricing
$BTC is sitting at 77,447, down 1.8% on the day. like none of this is addressed to it.
the market is pricing MORE tightening from the Bank of Japan, not less. inflation is high. the debt pile keeps growing.
playbook: - no new leverage while this is live - spot stays, size does not grow - watch the yen, not the funding rate
if you're actually watching JPY, say so in the comments. i'll put what people are seeing in one list.
Tectonic was the biggest crypto exploit of August, and it's the least useful thing that happened last month🙃
the useful part is boring and nobody's posting it
50 attacks on crypto projects in August, 30 in July. up 67%
and the money stolen went DOWN, from $270M to $136M
more break-ins, less loot👀 read that twice
every feed I opened this morning is calling that second number progress. it's a downgrade in targets, nothing else. there aren't many giant single-target paydays left, so the work moved to volume. more projects, smaller bags, way less noise
volume is where a normal wallet gets hit. not because you're a target, because you're standing in the way
I'm not handing anyone a checklist, you've read plenty of them and changed nothing, same as me
but I want to know: did anything in your setup change after the last big hack you read about, or did you just scroll on)
▪ the money moved as $USDC ▪ Circle, dLocal, Mercado Pago, Nu and Bitso handled the payout ▪ nine corridors into Latin America ▪ a $113m credit line covers the hours between those two messages
Felix Pago just raised $200m on that gap. $87m equity from a16z, the rest as credit. Somewhere between $5 billion and $8 billion has already moved through it, and the two reports don't agree on which
Nobody in that chat has ever heard of a single crypto company, and that's exactly what the $200m bought🫡
We built for people who already own tokens. They built for mom
Everyone will quote the $30m. That is not the number
Lazarus-linked wallets sold over $30m of $BTC through Hyperliquid across three weeks, flipped it into $ETH and $SOL , and walked out through Kraken, LBank and KuCoin. Ugly headline, zero impact on your fills
In 2024 the same kind of wallets showed up on the platform and about $250m of net outflow left in 24 hours. Nothing was hacked that day. People got scared and pulled first
That is the risk you are actually carrying. Not the laundering. The stampede after it
Trump says his CFTC chairman is working to bring Hyperliquid onshore fully regulated. Regulated venues do not let strangers trade from a raw wallet
Just know which headline empties the book before you park size there🤔
▪ Be in the US ▪ Pay for Premium or Premium+ ▪ Wait since July for your turn in the rollout ▪ Send money inside one company's app
X Money is live for every Premium and Premium+ subscriber in the States. For normal people this is genuinely big. The everything app plan always needed payments to be the everything part
Our version of that list has one step. Open a wallet
And we still lost the UX war so badly that a list that long plus a monthly fee reads as the convenient option🫡
Bloomberg says they're in talks with Payward, which is Kraken's parent company, and that difference is the entire story
in April Payward bought Bitnomial, a CFTC-regulated derivatives exchange. licence included
the shape of it: US traders get access to part of Hyperliquid's futures the regulated venue is Bitnomial Payward already sent the structure to the CFTC if it clears, that's Hyperliquid's first legal entry into the US
that last line is what people are trading. i'd read the three words before it instead 😁
what i'm actually looking at: "part of the futures". nobody said which part, and that word is carrying a lot the licence belongs to someone else, they're renting it the CFTC approved nothing yet. a submitted structure is a plan, not a permission
honest version: a perps venue built to sit outside US reach is now asking for a key to the front door, politely, through a landlord
if it clears, the deepest derivatives pool on earth opens up and every offshore competitor has to answer it. if it sits in review, nothing changes except for the people who bought the headline
i'm not sizing anything on a regulator's mood. watching the docket 🫡
anyone here already trading perps from the US and knows how Bitnomial onboards? drop it in the comments and i'll pull the answers together $HYPE #Hyperliquid
That's the whole Injective trade, if the researchers have it right
Build your own binary options markets Trade against yourself Lean on a bug in the insurance fund that lets you pull out more than you ever put in, over and over
299 markets, 7,100+ transactions, and a chain that sat still for 3 hours 42 minutes while it happened
Still unconfirmed by the team, and that's the part that bothers me. The official account has had time to post marketing, just not an explanation🤡
Just say what broke
Money hasn't touched a mixer or an exchange yet. Watching that
Your setup doesn't matter until Friday, 12:30 UTC 👇
That's #NFT and the unemployment rate. The rest is noise with a timestamp:
▪️ Tue: ISM Manufacturing + JOLTS, 14:00 UTC ▪️ Wed: ADP 12:15 UTC, Beige Book 18:00 UTC ▪️ Thu: jobless claims 12:30 UTC, ISM Non-Manufacturing PMI 14:00 UTC
Four labour prints, four days, and every one of them is a vote on the next #Fed cut. $BTC and $ETH are trading rates now, whatever the chart guys keep drawing.
My plan is boring. No leverage into Friday, spot untouched, and I take the second move instead of the first one, because the first one is always for the liquidations.
Friday decides. Everything before it is rehearsal.
Anyone actually trading the print itself? Tell me I'm being a coward 😁
🧐 ZORA up 100% since yesterday — pump or actual catalyst?
this time it's the second one
on August 28 Zora shipped a big update:
▪ token launches permissionless across Solana, Base and Robinhood Chain ▪ pairs against almost any asset, tokenized stocks included ▪ Pump.fun tokens tradeable straight from Zora ▪ launching on Solana costs nothing now
that's a lot of shipped product for one update, chart's just catching up
doesn't mean chase it, just means this pump has a paper trail📈 $ZORA #zora #pumpfun
💸 $1.1m drained from crypto neobank users — and it wasn't even a blockchain bug
Rain's card infrastructure got exploited, not the Rain chain, and the numbers are ugly
▪ 1,685 Avici customers on Solana lost about $500k ▪ 636 Tria customers lost $430k+ ▪ AVICI down 49%, fresh all-time low
everyone keeps auditing the L1, NOBODY stress-tests the card rails bolted on top of it
weekend part two: Fogo Foundation got hit for 400m FOGO (~$3m), about 4% of total supply team had to halt the entire network just to block addresses linked to the attacker
you can harden the chain all you want, the money still walks out the side door
still calling this space "battle-tested"?🤡 $FOGO $SOL #drained #exploit
didn't expect Korea to be the one blinking first trending on Binance Square right now: Kospi fell as AI-trading euphoria there cooled off everyone's still calling it a global AI supercycle. Korea just said otherwise. Comment below: still riding the AI trade, or already looking for the exit?
- signatories: OpenAI, Anthropic, Google, Microsoft, 100+ others, one open letter - their own warning: AI-powered attacks, far more widespread, starting in the coming months, as the models get stronger - the ask: cybersecurity as the top priority, every resource governments and businesses have, no exceptions
translation: we built the thing, now please defend against the thing
not a leak, not a rumor, it's sitting right there on their own site
Comment below if it's weird to you that the same companies selling AI are the ones warning about AI attacks. #openAi #Anthropic #google #Microsoft $OPENAI $GOOGL $MSFTB