ON THIS DAY IN 1997, AMAZON $AMZN WENT PUBLIC The IPO price was $18 per share ... Amazon has had 4 stock splits throughout the years making its split adjusted IPO price be $0.075 per share Today Amazon trades at over $260 per share Every $10,000 invested into Amazon's IPO is currently worth $35.6 Million At the time, Wall Street thought Amazon was a bookstore with a website. Jeff Bezos had other plans. From books to cloud computing to logistics to streaming to AI, Amazon has become one of the most diversified and dominant businesses ever built. 28 years ago today it was a $438M company. Today it is worth $2.8 trillion.

Three major on-chain liquidation zones on $ETH. Trend Research holds 356,150 $ETH($671M), with liquidation prices between $1,562 and $1,698. Joseph Lubin and two unknown whales hold 293,302 $ETH($553M), with liquidation prices between $1,329 and $1,368. 7 Siblings holds 286,733 $ETH($541M), with liquidation prices at $1,075 and $1,029.

BREAKING: Elon Musk just went to war with Wall Street's fee structure. SpaceX is paying banks under 0.75% to run the biggest IPO in history. Normal IPO fee: 2-7%. On a $75,000,000,000 raise that's $1,500,000,000 to the banks at 2%. Musk's deal: around $500,000,000. Nearly $1,000,000,000 kept out of Wall Street's hands. The man who cut government spending. Who fought the banking cartel on crypto. Now negotiating the most aggressive IPO fee in history. Nobody negotiates with banks like this.

🚨 ELON MUSK IS GOING TO WAR WITH THE BANKING CARTEL. SpaceX is in talks to pay Wall Street under 0.75% to run the biggest IPO in history. For context: most IPOs hand banks 2–7% of the money raised. On a $75 BILLION raise, a normal 2% cut = $1.5 billion to the banks. Elon's deal? Around $500 million. He just slashed nearly a billion off Wall Street's payday. Nobody negotiates with the banks like this. Follow for every move before June 12.

SpaceX is pushing banks for one of the lowest IPO fee rates ever. The company is negotiating to pay less than 0.75% on its planned $75B IPO, though banks could still collect roughly $500M in fees. Goldman and Morgan Stanley are reportedly set to take the largest share of the fee pool, with 21 other brokers involved. That is far below the typical IPO underwriting fee range of 4%-7%, and even low versus other mega-IPOs: GM 2010: $15.8B raise, 0.75% fee Facebook 2012: $16B raise, 1.1% Alibaba 2014: $25B raise, 1.2% Uber 2019: $8B raise, 1.3% Visa 2008: $17.9B raise, 2.8%

schwab just gave 39m brokerage clients a buy button for BTC and ETH inside the same interface as their Roth IRAs. 0.75% fees, 3x higher than coinbase, and it won't matter. zero new app download, zero new KYC, zero custody anxiety, integrated 1099 tax reporting. coinbase's entire retail spot moat was trust and compliance. schwab has both plus decades of relationship capital and tax-advantaged account access. buying BTC inside a Roth IRA at 0% capital gains tax vs 15-20% on a taxable coinbase account is not a close decision. COIN's retail spot revenue is getting flanked by distribution it cannot replicate.

bitcoin:native shares a very classic long-term macro on-chain indicator for Bitcoin: STH-RP to TMMP Ratio The ratio of the realized price to the real market average price for short-term holders This indicator clearly reflects the interplay between short-term market speculation and the fair value of the overall market. Current core data: -BTC current price and short-term costs: Currently, both values ​​are around 77.4K. This means that short-term investors who entered the market in recent months, The overall situation is at the break-even point. -Ratio trend: The current ratio is 0.8998, and the 7-day and 30-day moving averages are showing a fluctuating downward trend. On-chain data is clear. Short-term holders' cost basis is converging towards the true market average. The market as a whole is in a phase of deflating the bubble and clearing out speculative capital. Historically, when this ratio spikes, it usually corresponds to a period of market overheating. When this ratio falls below the 0.75 red line (the historical lows of 2015, 2018, and 2022), it indicates the establishment of an absolute bear market bottom. Currently, this ratio is at a relatively neutral to low level of around 0.9. And the trend is still downward. This indicates that the market's blind optimism has been effectively suppressed. The chips are undergoing a thorough turnover. At the break-even point where short-term holders find it unprofitable and even begin to feel anxious. It is often a crucial window for accumulating strength and choosing a direction. Be patient and watch for further crossovers of the cost line. #Onchaindata# #welinkBTC# bitcoin:native