A few thoughts on the recent meme market This is not a paid promotion. —————————Meme Bull Case part1 1. GameStop was a "one-tap" event. Robinhood triggered the zero-commission war in 2019 and reduced options trading to a few taps. The real engine behind the GameStop squeeze was retail piling into cheap out-of-the-money calls → market makers hedging by buying shares → gamma squeeze. That only worked because options had become one-tap. Simplify access, and the event happens at that doorway. 2. fomo is standing in exactly that doorway for memecoins. In the cofounder's own words: "onboard, fund, and buy a token within 30 seconds." 68,000 people bought crypto for the first time through Apple Pay; 29% of users actually trade. Users went from 120K in November 2025 to 625K by June 2026 — 5x in seven months — with ~3,500 new signups a day. fomo captures 46% of Solana trading-platform spot volume. 3. It's infrastructure with capital and revenue behind it. $75M Series B at a $550M valuation (Index, USV, Benchmark). 140+ angels in the seed round including Solana, Coinbase, LayerZero, Wintermute, Pantera, and Dragonfly. A 17–20 person team hit a record $2.64M in weekly revenue and $16M for the month of August. Index partner: "We think there is a market shift there, and they have what it takes to capture this next wave." 4. It's already at the top of the US retail app charts. On August 21 it hit #3# in the US iPhone Finance category — behind only Capital One and PayPal, ahead of Cash App, Venmo, and Kalshi. It's not competing with crypto apps anymore; it's sitting next to banks and payment apps. Fifteen months after launch. 5. Robinhood is moving in the same direction. Robinhood Social (follow/copy trading) launched in March; Robinhood Chain launched in July. Vlad himself said it was "built for RWA, but it works great for memes too," and within nine days of launch a single token, CashCat, hit a $150M market cap on $500M of volume. The company that made GameStop possible just brought its own memecoin chain. 6. The team is preparing for the game to get bigger. A joint event with Pudgy Penguins during KBW, an official Korean channel, merch on the way — they're actively running community events and communication. Team feedback is fast and engaged. A model proven in the US is expanding into Asia, the densest retail market there is, and they look ready to absorb a surge when it comes. Axiom, Trojan, Photon, Moonshot — none of those teams ever did anything close to this kind of active offline community. fomo being this active is a good thing for those of us in the DEX trenches. Once again, for the record: fomo has not threatened me, and fomo has not paid me. 7. It's already visible in the data. From tracking fomo data: comments on new tokens are landing about 3x faster than before. The inflow isn't a forecast — it's happening now. 8. Life-changing headlines are already here. CashCat (Robinhood Chain): $85 → $2.5M (entered June 18, at a $142M market cap; $580K realized) CashCat + PONS: wallet 0x7e3ba, $220K in → $4.7M (reported September 1) Niu Lai / "cow head" (BNB): $120 → $205K, 822x (mid-August) ANSEM (Solana): +190,000% in 13 days, $260M market cap First $10M account on fomo (Bonk Guy, community-reported) Just as "I changed my life on Robinhood" stories pulled retail into GameStop, these headlines are doing the same job now. 9. The early call was right — and Ansem deserves real respect for it. Ansem has been saying "retail will come in through mobile apps" since the earliest days of the ANSEM token, long before fomo cracked the app-store top 3 or Robinhood shipped a chain. That's exactly what's playing out now. Calling the direction this early, and sticking to it while most people dismissed it as just another mobile app, is rare. I genuinely respect that, and if you're trying to read where this market goes next, he's someone you should be following. 10. All that's left is a trigger. The structure is in place — the doorway, the capital, the app-store rank, the chain, the team, the headlines. One Dogecoin-scale viral moment or one Bitcoin bull run is all it takes, and the snowball is already rolling. @RobinhoodCrypto @vladtenev @blknoiz06 @seyong @fomo

Closing a deal with a family-run Mexican conglomerate took @0xdirichlet at @sphere_labs over a year of relationship-building. "They might import raw goods from Southeast Asia and then process them here in Mexico and then ultimately ship them out to the United States or to Europe, and each leg within this involves a 30-plus year relationship vouch." "You can bring an incredible product to their face but it's no longer about is this thing 10x better than everything else on market, it's is this thing sufficiently better than what we use today such that even though I'm not a domain expert in this product category I now feel comfortable vouching for this company and for the people that I know at this company to my 30-plus year relationship."

Well, tomorrow's the day for solana:gf9VEb8NqCUgCNNo1sz47LT4gvUvsHJmhW6Q1ndpump - Asia's biggest IPO of 2026, priced at ¥8.66 (~$1.28) on Shanghai's STAR Market. @HyperliquidX has had it at $6-7 for two straight weeks. My call here is different from @SpaceX and @cerebras , so let me be precise. I expect it to open well above ¥8.66. I do NOT expect it to reach the Hyperliquid price - and I don't think it should. That gap isn't purely a valuation call. You need RMB 500k in a mainland account to buy a STAR Market IPO, and offshore money was shut out of the book entirely. HL isn't competing with a market global investors can access. It IS the access. So I expect a premium to persist after listing. That premium is the price of admission - what someone outside the mainland pays for exposure they otherwise cannot get at all. One thing changes tomorrow. Pre-IPO these contracts run a funding multiplier of 0.005 - basically free to hold a big premium. On conversion @tradexyz flips them to the standard 0.5 against the real Shanghai price. That's 100x the carry, overnight. So: sharp compression, but not to zero. Where it settles is the market's honest price on access. SK Hynix's ADR settled ~15%. China's A/H premium has run 20-50% for years. That's the number I'll be watching tomorrow. Not the pop. And zoom out - because in ten weeks Hyperliquid has taken on two of the biggest structural problems in capital markets of the last 50 years: 1. IPOs priced below clearing, moving value out of issuers and their existing shareholders and into the pockets of the buyside. 2. The world's second-largest equity market being effectively closed to everyone outside of it. Same venue. Same mechanism. Continuous price discovery, open to anyone. @HypeStrat $PURR #pricediscovery#

2026, day 239 Good morning from Asia. ‘CIA chief used Moscow visit to warn Russia against attacks on NATO allies, helping Iran’ (Politico); ‘Putin Moves to Escalate War in Ukraine as Talks at Dead End’ (BBG); ‘Poland Deploys 28 K2 Black Panther Tanks Near Russia as It Hardens Eastern Defenses’ (United24); ‘Ukraine needs changes to avoid losing war, ousted defence minister says’ (Reuters); ‘Italy to supply next-generation SAMP/T air defense systems, Aster 30 missiles to Ukraine in secret aid package, media reports’ (Kyiv Independent); ‘Russia's 2nd-largest gasoline producer suspends oil processing yet again after Ukrainian strike’ (Reuters); ‘Putin signs decree allowing state seizure of businesses hit by drone strikes’ (Euronews); ‘Russia to extend diesel export ban through September, sources say’ (Reuters); ‘US senator hopes 'sledgehammer' Russian sanctions will pass next month’ (Reuters); ‘America’s economic war on Iran has a China problem’ (FT) - “The US cannot fully isolate Tehran unless other trade partners co-operate”; ‘Labor Protests and Panic Buying Signal Growing Pressure in Iran’ (WSJ) - “Fearing supply shortages, Iranians rush to buy fuel and food as living standards deteriorate”; ‘Iran emphasises self-sufficiency in battle against US economic war’ (AJ); ‘Iran war approaching Ukraine-style stalemate, says shipping boss’ (FT); ‘Iran, Oman still negotiating Hormuz deal as Qatar joins mediation’ (Reuters); ‘Source to 'Post': Iran, Oman still have significant gaps regarding Strait of Hormuz’ (JPost) - “Omanis will not agree to imposing fees on ships, Iranians continue to insist this is a condition for passage.” ‘Iran says it views Persian-language media outlets abroad as military targets’ (ToI); ‘‘Point of no return’ if Israel-Hamas truce fails: US envoy to Gaza Board’ (AFP); ‘UN special rapporteurs are 'totally out of control,' Secretary-General Guterres admits in interview’ (JPost); ‘U.S. weapons shortage from Iran war alarms allies confronting China’ (WaPo); ‘US says Chinese hackers broke into Justice Department, NASA, Federal Reserve, Senate’ (Reuters); ‘Canada’s Carney to attend EU’s State of the Union’ (Politico); ‘Germany in talks to help fund Trident’ (Telegraph) - “Berlin could bolster Britain’s nuclear programme under plans to end Europe’s reliance on America for defence”; In geoeconomics, ‘U.S. and Canada Are Bracing for Prolonged Trade Dispute’ (WSJ); ‘Saskatchewan sets 50% tariff on US alcohol after new Trump tariffs on Canadian goods’ (Reuters); ‘Saskatchewan Premier rejects idea of export levies on oil, potash in U.S. trade war’ (Globe & Mail); ‘Alberta premier slams 'disastrous' proposals to leverage Canadian oil in U.S. trade war’ (National Post); ‘The trade war came too soon for Mark Carney’s middle powers alliance’ (Politico); ‘President Trump Declares a National Emergency to Secure America’s Bulk-Power System’ (White House); ‘US critical minerals proposals to Brazil go unanswered as China looms’ (SCMP); ‘Australian trade chief warns EU deal is not guaranteed’ (Euractiv); ‘EU says don't trust Trump's pharma numbers’ (Euractiv); ‘EU should stop moralizing on Arctic oil and let us get drilling, says Norway’ (Politico); ‘Liquidators can pursue PwC globally over Chinese property giant’s collapse, court rules’ (FT); ‘Mark Zuckerberg had a bold plan to replace Meta staff with AI. Here’s how it imploded’ (Reuters); ‘Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run’ (Reuters); ‘Tech faces its ‘Big Tobacco’ moment as Meta settles addiction case’ (Telegraph); In politics, ‘Alexandria Ocasio-Cortez rejoins DSA after membership lapse of seven years’ (Guardian); ‘Federal judge lifts nationwide block on mail-in voting restrictions’ (The Hill); In markets, ‘Fed’s Cook Says She Never Committed Fraud’ (WSJ); ‘Scott Bessent’s bond intervention puts US Treasury on collision course with Fed’ (FT)

2026, day 235 Good morning from Asia. ‘Iran’s Top Politicians Urge an End to the War’ (WSJ); ‘Tehran says US sanctions ‘declaration of war' on all nations’ (AJ); ‘Iran says any country joining new US sanctions would be ‘considered an enemy’’ (AFP); ‘Iranian hackers shut down UK power plant’ (Telegraph); ‘Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz’ (Reuters); ‘Saudis Shuttle Oil North On Tankers To Evade Houthis’ (BBG); ‘Israel must stop Erdogan's military expansion before Turkey reaches its borders - opinion’ (JPost); ‘Katz says Israel directly warned 'highest levels' of Syrian regime before giving IDF green light to strike air base’ (ToI); ‘US envoy suggests Israeli strike in Syria was election ploy aimed at 'baiting' Turkey into clash’ (ToI); ‘Time to question Israel’s warnings of a new Sunni axis’ (Ynet); ‘On anniversary of gas attack, Syria asks to join anti-chemical weapons partnership’ (ToI); ‘Putin says Ukraine opened 'Pandora's box' with strikes on economic targets’ (Reuters); ‘Germany plans a €12B missile program to deter Putin’ (Politico); ‘Macron pledges air defence as 13 killed in Russia, Ukraine strikes’ (Euractiv); ‘Spain rejects Morocco's call for talks on Ceuta and Melilla sovereignty’ (Euronews); ‘Chinese research centre near MoD site is ‘enormous concern’, says ex-spy chief’ (Telegraph); ‘How Pacific nations walk a tightrope between Western security and Chinese trade’ (SCMP); ‘Mainland Chinese research ship spotted near Taiwan’s largest naval base’ (SCMP); ‘Why China may have little to lose as ‘weakened’ Trump seeks North Korea talks’ (SCMP); ‘North Korea says record-high Japan defense budget would risk ‘turmoil’’ (AFP); ‘China's rise lays bare the aging of the U.S.-Japan alliance’ (Nikkei Asia) - “Partnership approaching 75th year faces challenges in military capacity, strategic focus”; ‘Lula turns to Donald Trump as unlikely ally in Brazil’s clash with Marco Rubio’ (FT); ‘Hit by Trump tariffs, Quebec loses appetite for quick separation from Canada’ (Reuters); ‘U.S.-sanctioned ICC head warns against ‘demise of international rule of law’’ (AFP); In geoeconomics, ‘Global oil inventories on the decline again amid Hormuz stalemate’ (Nikkei Asia); ‘China's NewNew Shipping Line Pushes Deeper Into Arctic With First Murmansk Container Run’ (gCaptain); ‘Panama Canal Draught Restrictions Set to Add to Congestion Chaos’ (The Loadstar); ‘US Sanctions Fishing Fleet Accused of Shipping Cocaine to Mexico’ (BBG); ‘U.S. Imposes 50% Tariffs on Some Canadian Goods After Last-Ditch Talks Fail’ (WSJ); 'Mark Carney says Canada is now ‘at war’ with US over trade’ (FT); ‘Threat to Quebec's French language, identity key reason Carney ends trade talks with Trump’ (Montreal Gazette); ‘U.S. Economy Could Feel the Sting From Trade War With Canada’ (NYT); ‘Canada sets retaliatory tariffs in response to 50% U.S. levies as trade talks fail’ (WaPo); ‘As premiers rally behind Carney in trade dispute, Alberta’s Smith questions retaliation plan’ (Globe and Mail); ‘Things are about to get verrrrrry ugly: The pain will be felt on both sides of the border’ (National Post); ‘Nvidia Is Spending $6 Billion to Build a Powerful U.S. Alternative to Chinese AI’ (WSJ); In politics, ‘Rising data center backlash shakes up midterm races’ (The Hill); ‘Federal judge rules against Trump’s 75-country visa ban’ (The Hill); ‘Trump: I’ll be impeached if I lose the midterms’ (Telegraph) - “US president warns Republicans they will ‘lose everything’ if Democrats take control of Congress”; ‘Burnham to send ‘mansion tax police’ to assess home values’ (Telegraph); ‘Fedorov decries corruption in Defense Ministry, doubles down on calls for elections’ (Kyiv Independent); In markets, ‘Oil markets are tuning out Trump's "truths"’ (Axios); ‘The Bank of England is costing the taxpayer billions. It must stop’ (Telegraph)

NASDAQ FUTURES $NQ DAILY BIAS Going into Wednesday I'm bullish as long as we are holding this 1h bullish FVG Would love to see us tap further into it and hit that order block as well, but I will be looking for longs from this area If we run through this gap to the downside I will expect asia low to get traded to and I will look to trade short to there

2026, day 239 Good morning from Asia. ‘New US aircraft carrier reportedly set to deploy to the Middle East’ (AFP); ‘Trump seeks to sanction Tehran into submission rather than renew MOU, sources say’ (ToI); ‘Iran's Hormuz leverage risks becoming a 'strategic liability' — will ultimately backfire, says Saudi Prince’ (Gulf News); ‘Hormuz Oil Flows Rising as Gulf Giants' Ramp Up Accelerates’ (BBG); ‘Iran to draft conditions to open Hormuz following mediator requests’ (AJ); ‘OpenAI, Anthropic issue dire cyber threat warning’ (Axios); ‘Meta disrupts Iran-linked AI operation targeting politicians, journalists’ (Axios); ‘Saudi FM calls for OIC reform, stronger Islamic cooperation and solidarity’ (Al Arabiya); ‘CIA boss Moscow trip was about Iran, not the Baltics, ex-Estonian president tells Euronews’ (Euronews); ‘Top White House Aides Were in the Dark on Ratcliffe Russia Trip’ (WSJ); ‘Putin sees U.S. as weakened by Iran war, intelligence reports say’ (WaPo); ‘Trump to Axios: I'm not worried Russia will attack NATO’ (Axios); ‘Russia says UK ‘playing with fire’’ (Guardian); ‘Putin’s ‘little green men’ could attack Nato from within’ (Telegraph) - “Intelligence experts fear Russia could reprise Crimea playbook with Estonia incursion to test alliance”; ‘The Russia-Ukraine Air War Has Entered a New, Deadlier Phase’ (WSJ); ‘US Patriot missile stocks in Europe are 'beyond critical' due to Iran war, officials’ (AP); ‘Pentagon awards contract in race to field cheaper interceptors, missiles’ (Defense News) - “less than 1/5 cost of Patriot missile”; ‘US rebukes Europeans over ‘sea of red’ military gaps’ (FT); ‘Pentagon policy chief tells NATO allies US wants European-led defense of continent’ (Reuters); ‘Pentagon's NATO review preparing troop options for Hegseth by November 6’ (Reuters); ‘Poland rules out hosting nuclear weapons despite Russian threat’ (Politico); ‘EU budget must bankroll Europe’s independence, von der Leyen says’ (Politico); ‘Trump Signs Executive Order to Rename Lake Ontario ‘Lake America’’ (WSJ); ‘Lutnick claims Canada pulled out of trade talks due to the Quebec election, Alberta referendum’ (National Post); ‘Venezuela Weighs OPEC Exit as US Discusses Stake in Oil Fields’ (BBG); ‘Uefa prepares criminal complaint against Fifa’s Infantino’ (FT); ‘On Taiwan, China Is Pursuing ‘Unification Without Formal Unification'’ (National Review); ‘Australia's Pacific rivalry with China heats up after Beijing's ICBM test’ (Nikkei Asia); ‘Why China Can’t Fully Capitalize on Trump’s Global Disruption’ (BBG); In geoeconomics, ‘U.S. close to striking “massive" deal for Venezuelan oil fields’ (Axios); ‘Trump to meet refiners, fuel retailers as Iran war boosts gas prices ahead of midterms, sources say’ (Reuters); ‘Greer Suggests US Needs to Consider Bans on Canadian Goods’ (BBG); ‘Backing Off French Issue Could Restart U.S. Trade Talks, Canadian Official Says’ (NYT); ‘Ottawa reverses fish tariff plan over concerns it could hit Canada’s seafood processing industry’ (Globe & Mail); ‘China must deliver on trade or EU will act, warns von der Leyen’ (Euractiv); ‘Chinese executives may join Xi’s US trip, as trade truce extension ‘almost certain’’ (SCMP); ‘Trump hints at sanctions on Chinese banks over Iran ties before Xi’s expected US visit’ (SCMP); ‘Brazil’s rare earths will not loosen China’s magnet grip this decade, researchers say’ (SCMP); In markets, ‘Bessent’s Moves Test Boundaries Between Treasury and Fed’ (WSJ); ‘Kevin Warsh Has to Pick a Side in the Bond-Market Battle’ (WSJ); ‘Fed's Warsh faces challenge whether inflation is a problem or not’ (Reuters); ‘Don’t draw the wrong conclusion from Treasury yields’ (FT); ‘Thailand Central Bank Chief Takes On Problems Rates Can’t Fix’ (BBG); ‘France replaces Italy as European bond investors’ biggest worry’ (FT); ‘The $19trn reason this housing slump will run longer than you think’ (AFR); ‘Bitcoin and Gold Funds Draw $7 Billion Amid Scarcity Trade’ (BBG)

Careful with what you buy, Fake DDR5 RAM is flooding the market, especially in Asia. Real DDR5 memory costs much more due to shortages and high demand. Scammers are making fake sticks that look like the real thing. These fakes copy big brands like Samsung and SK Hynix. Inside, they use plastic dummy chips instead of real working memory chips. Some also have wrong or fake power parts. A common example is 16GB DDR5 laptop RAM sold on Yahoo Japan. Sellers list them as “junk” or untested items with no returns allowed. The price is around $85. If you install them, your computer usually will not start at all, or it may crash and run badly. Here is how to spot them: >Real RAM has sharp, straight edges on the board. Fakes often have rounded edges. >The small power chips look strange or different. >The board feels thinner or looks a lighter color. On desktop RAM, the metal cover can hide the fake chips until you remove it. Always buy from trusted sellers only, I wouldnt risk my whole PC for saving some money

🇮🇷 Is Iran finally overplaying its hand? Iran already controls who gets to move oil and gas through the Strait of Hormuz. Now, according to Fars, it wants to do the same thing to the internet, forcing foreign cable companies to get permits, pay fees, and follow Iranian law just to keep their undersea cables running through the strait. Those cables carry around 15–20% of global internet and financial data traffic between Europe, the Gulf, and Asia. Think about that for a second. One narrow strip of water, and Iran would be sitting on top of both the energy flows and the data flows. You want your oil through? Pay up. You want your internet through? Pay up. It worked on shipping. They know it worked. And now they're trying to run the same move on the global internet.