I've talked about this so many times. People used to make fun of you if you shared a chart of anything other than Bitcoin that was denominated in USD. "lmfao you're an idiot BTC is the only thing that matters, nobody cares about how many dollars something is" That was the case until FTX came around. FTX was the first exchange to standardize pairing alts with USD at a large scale. From there, it really didn't take long until people started laughing at you for sharing the BTC pair, and any exchange that DIDN'T adjust lost customers and volume as a result. Point being - a lot of people are resistant to changing narratives. And because of that, they sideline themselves. Don't be that person next bull market.

cash-cat:native As long as the Bitcoin has a bit of strength, I'd be shocked if this the last leg up we see for Robinhood Chain's largest meme. They're still the king of retail traders and the epicenter of the WSB / meme movement from 2021, and they've yet to list any of their native memecoins on their main app yet. And it's crazy to think that they won't do it, and that they won't do anything else to promote projects from within their own ecosystem. Does this guarantee that they have the same type of success as ETH L2s like BASE? No - but I do think that it's a pretty reasonable bet that $100M is nowhere near close to what the retail meme trading app will see for its highest native memecoin. Also think it's bullish we're starting to see movement outside of CASHCAT within the eco. Multiple runners attracts more liquidity. So seeing both TENDIES and CASHCAT do well drives more demand to accelerate the adoption timeline. Point being - still early.

One thing I am extremely confident of - Now is the best time possible you can be building something in crypto. Whether it’s a business, an app, or even your personal presence and brand - the heart of the bear market is where the heroes of the next bull market are born. The beautiful part about prices being down is you have more time than ever to do it. When we’re in the middle of everything going up only, it’s much more difficult to find enough time to take a step back and build. And you have more tools than ever to do it. This bear market is converging with the GOLDEN ERA of AI. You have more compute available to you relative to cost than we’ll likely ever see. Crypto is the most obvious scaling rails for payments and transactions for AI agents. We’re already seeing it start to happen. So whether this is truly the bottom or even if we dip another 50% over the next few months, ignore the noise and focus on building something with the bigger picture in mind. Work harder and be more bullish.

Feel like a kid on Christmas morning. Fable 5 limits just reset. GPT-5.6 just went live. Grok 4.5 is actually useful. Apologize if I'm not as active on the timeline today. It's a good day to build.

What happens to these numbers if $MSTR doesn't hit the conversion price for the convertible debt by the put dates, Michael? Feels a bit disingenuous to ignore $6.7B worth of obligations you need to retire within the next 2-3 years, doesn't it?

$STRC Doesn't seem like the market is a huge fan of Strategy pivoting toward active capital management. Not surprising considering their track record for timing and executing BTC buys and most recently sells.

$MSTR holders see this and somehow celebrate it. Strategy is literally saying they are willing and ready to dilute you infinitely. You need BTC to perform > 3.3% APR to see ANY upside in the equity. They have shifted their Strategy from “never sell” to celebrating the idea of continuously selling. They don’t actually care about the Bitcoin anymore. They’ll continue to cook the books and make up whatever useless metrics they want to continue to justify erasing shareholder value and enriching themselves.

This is massive. We’ve talked about how crypto should be the most intuitive medium for agentic commerce, and now it’s happening across the web. Money follows the path of least resistance. Only a matter of time before agents prefer a network like $SUI with free stablecoin txs, which can make a huge difference when you’re talking about regularly settling hundreds and thousands of microtransactions across the web for fractions of a cent.

Just minted my first piece of generative art in a long time and supported a good cause while at it. JN is a good friend and one hell of an artist. 100% of the proceeds go to victims of the Venezuela earthquakes. If you're an enjoyer of NFTs, go check it out.

73% Kalshi odds OpenAI releases GPT-5.6 by this Thursday. Still can’t believe they went with “Sol, Luna, and Terra” for their model names. If this isn’t the bottom for crypto relative to AI, it’s gotta be close.

June 1-22, 2026: Strategy buys 3,657 BTC for $236M (avg. buy price $64,534) June 29-July5, 2026: Strategy sells 3,588 BTC for $216M (avg. $60,200) Net 1 month BTC treasury change: +69 Bitcoin for $20M (avg. buy price $289,855)

June 1-22, 2026: Strategy buys 3,657 BTC for $236M (avg. buy price $64,534) June 29-July5, 2026: Strategy sells 3,588 BTC for $216M (avg. $60,200) Net 1 month BTC treasury change: +69 Bitcoin for $20M (avg. buy price $289,855)