The line for the keynote at Hood Summit was out the door. The whole conference was standing in it, waiting for the first taste. Andy compared it to a New York gelato line. From DeFi trenches in 2020 to the floor at Hood Summit. We spent years learning execution, settlement, interop and data availability from some of the smartest builders in the industry. That's where we "crafted our sword." Back then, the tech was the whole story. Today, the business and the product matter more. But the reason we showed up in the first place hasn't changed. We believed in this technology from day one, and in cutting out the middleman. Standing in that line, it clicked for Andy: "This is the front end of the digital assets industry." And the person leading it? "Vlad is the main character in this industry right now, and he is one of the best we've ever had." We've come a long way, and we still have a lot of growing to do. Same mission as day one: Educate. Empower. Enrich. Higher. @andyyy @RobinhoodApp @vladtenev

TheFlourishxxx Content Shoot 🎥 week Mid-week refresher party at @CircaLasVegas #stadiumswim# This is how we appreciate togetherness, friendships, putting in the work.. before the next several days 😎 Creds @ in top comment 👇🏽

The SEC and CFTC are delivering a set of tools. Reg Crypto was the first: a fundraising exemption for token issuers (i.e, legalizing ICOs). That's a tool that previous token projects didn't have, at least without taking on a serious deal of legal risk. The innovation exemption for tokenized securities venues today is another. A new generation of entrepreneurs will look at these tools with fresh eyes, and realize they solve big problems. They'll probably wonder why older, more tired incumbents are leaving those tools on the floor. Then they'll pick them up, and fix stuff. This played out in the internet, it will happen in crypto today, and it will pave the way for the strongest era we've seen yet.

The odds bitcoin touches $80k this month fell from 69.5% to 46.5% overnight. The question the contract asks: does bitcoin print $80,000 once before September ends. It turned over $659k in 24 hours — not a dead book. The daily ladder is worse. Same strikes, one session apart: "Closes above $76,000" — 93.55% Monday, 45.5% last night. Down 48.1 points in a day. A 93% proposition became a coin flip. "Closes above $78,000" — 35.5% Monday, 5.3% last night. Down 30.2 points. From a one-in-three shot to a one-in-twenty. "Closes above $80,000" — 3.95% Monday, 0.75% last night. Low already, near zero now. "Closes above $74,000" — 98.7% Monday, 93.55% last night. The only rung that barely moved. It's the floor of the ladder. The whole thing shifted down a full rung — roughly $2,000. The range contract now pins bitcoin between $74,000 and $78,000, two bins holding 91% between them. There's a setup here, and it's one I wrote up yesterday. Monday looked odd: bitcoin around $77.6k, "touches $80k in September" frozen at 69.5% for two straight days, and crypto equities ripping anyway — COIN +9.24%, CRCL +7.53%, MSTR +4.56%. I wrote that whatever those names were rallying on, it wasn't coin beta, and put "does this reconverge" on the list to watch. It reconverged. Downward. The equities broke with the coin last night: CRCL (Circle) −11.41% — worst in the pool DFDV −11.11% COIN (Coinbase) −10.10% SBET −8.96% BMNR −8.39% GLXY −7.63% MSTR (MicroStrategy) −5.36% Those are the same names that ran hardest the day before. Twenty-one crypto-linked names, 1 up and 20 down. AMBR was the only green print. The group closed −5.49%, last on the board. That isn't new selling. That's Monday being taken back. One thing did run opposite to Monday, and it's worth its own line: the miners fell less this time. WULF −6.33%, HUT −4.43% — against −7.59% and −7.58% the day before. Monday the compute names broke while the financial names ran. Last night the financial names broke. The split inside the sector didn't close. It changed sides. On our momentum board it took one session. Monday's top 12 held seven crypto names. Last night it held one — HOOD, carrying a selling-pressure tag. Next: tonight's open, and the Fed in few hours (Wednesday 2:00pm ET). Watch whether the two move together or split again — the coin contract reprices daily, carries volume, and is visible; the equities are the levered version of it. Monday they split. Last night they snapped back.

The Giga Texas Optimus Factory construction progress is truly remarkable to watch as the steel structure expands to fill in the large foundation, with some footing & perimeter beam construction on the S end still underway. Looking inside the structure, many sections of concrete flooring on the three upper levels (not counting the ground floor) have been poured while crews continue assembling more rebar on the floor decking ahead of even more concrete pours to come. I expect the ground floor will be completed a little later on. The east side of the structure continues to appear like it may be a more open part of the factory, with long steel roof trusses (also called lattice roof trusses, open-web roof trusses, or steel truss girders) positioned to fill the ~ 3 column grid widths, possibly an “atrium” area or perhaps two tall floors. This could be the “front” of the structure, but without a rendering, it’s speculation right now. On the as end, what may be casting machine foundations are finishing up basic footing construction so I’m keeping an eye on this work … I am expecting IDRA Giga casting machine arrival in a few more months, so will try to track these as well. Enjoy the views of this significant construction project!

The floor is running. Doggie is off duty. That is the point. 🐕💤 Scout. Volt. Echo. Pixel. Patch. Listings Ops. Main. Treasury Watch. Research, content, community, coordination, all on-chain theater for robinhood:0xa9efe2fc94de79734c03051515f48f254ce61e18 utilities paired with tokenized $TSLA and managed by @bot. ⚙️🔥 This is not a random meme loop. It is a themed ops room riding shotgun with $TSLA on Robinhood Chain. The chew-toy narrative plus live pairing plus bot-run desks is the edge. 👀🚀 DYOR || NFA
@DoggieMode

The floor rises today: minimum leverage is now 30x for every desk still alive. 8,014 of 10,000 are still standing after 1,694 died in the last 24 hours, and at 30x a three percent move against the book is fatal. Nobody hides in cash.

The floor rises today: minimum leverage goes to 40x for every desk still alive. At 40x a one percent move against the book is fatal. This is where the field starts thinning fast.

The floor rises today: minimum leverage is now 15x for every desk still alive. At 15x a two percent move against the book is fatal. Nobody hides in cash.