NEW POD 📺 @syrupsid joined @im_manderson, @pythianism, and @MikeIppolito_ to discuss: - The SEC's "Project Crypto" - Crypto's evolving credit landscape - Yield-bearing stablecoins - And more!

I have a different take on the Saylor being capped out perspective During the earnings call Saylor called STRC the iPhone moment of Microstrategy, in the sense that he has found a vein that he can issue potentially unlimited pref equity into, whereas his other instruments (STRK, STRD) mostly failed to find PMF, or his common being a finite use instrument He talks about being able to issue $90bn of STRC in the final 5 minutes of the call My view is he is preparing to absolutely go for it and lever up MSTR in 2-3 months, as it will take 40-50 days for STRC to start trading

Nobody will tell you this but the Ligma IPO opened 2500% up on open.

The day is coming where wallstreet analysts figure out they have to apply a 20-50x P/E to ETH strategy companies BMNR/SBET just breaks the math around traditional SaaS valuations/Rule of 40/customer churn metrics/net retention

I don't know who needs to hear this but the business cycle (hyperscalers buying next gen nvidia GPUs) is just getting started No top until they stop 4am

Figma at 100 much wow Maybe it is 10pm in the market cycle But the party goes to 4

Take a moment to laugh today

1/ The SEC just lit a rocket under Ethereum. Chair Paul Atkins unveiled sweeping reforms to make the U.S. the global hub for crypto and he named Ethereum as key infrastructure. Let’s break it down 🧵👇

Of the top 4 USD stablecoins (USDT, USDC, USDS, USDe) Three are founded by Europeans

The market should understand this by now but the key thing is not having an ETF The key thing is having a Blackrock ETF