You can't help but laugh at the irony- 1) Trump elected as the crypto president. 2) Trump pulls in $1.4 BILLION in crypto profits in 2025 from grift/scams/bribes. 3) Crypto legislature gets to the 1-yard line in Senate. 4) Dems are so pissed at how egregious the Trump grift/scams/bribes are, they want real teeth in the ethics provisions of the bill. 5) Trump refuses. Only agrees to super light ethics provisions. 6) Bill can't pass. Crypto legislature dies on the floor. The "crypto president" clears $1.4bn in crypto grift/scams/bribes (in year 1) and doesn't pass a crypto bill. Honestly exactly what the crypto industry deserves.

List of DATs who have abandoned Bitcoin and crypto accumulation strategies since: 🔴 Full Liquidations / Complete Exits Satsuma Technology (SATS LN) — Shareholders voted on July 21, 2026 (>>90% approval) to liquid all 668 BTC (~$43.5M), return capital to investors, and delist from the London Stock Exchange. Pantera Capital Management was reportedly among investors pushing for the wind-down. Bitdeer (BTDR US) — Fully emptied its corporate Bitcoin treasury as of February 20, 2026, liquidating its remaining 943 BTC to fund its pivot to AI data centers. The company had also sold 798 BTC in December 2025. CEO Jihan Wu stated the zero balance "will not always be zero in the future." Sequans Communications (SQNS US) — Sold 1,025 BTC in Q1 2026 to fund convertible debt redemptions and an ADS buyback, reducing holdings from 2,139 BTC to 1,114 BTC. Subsequently sold nearly 80% of remaining holdings to fully redeem all convertible debt. Sequans has explicitly stated it will not acquire more Bitcoin and is refocusing on its core IoT semiconductor business, with plans to monetize its remaining 658 BTC in a disciplined manner over coming quarters. Genius Group (GNS US) — Liquidated its entire Bitcoin treasury in early April 2026 to repay approximately $8.5M in debt. The company had previously reduced holdings from 200 to 138 BTC in November 2025 to cover short-term cash needs, with plans to recommence Bitcoin purchases at end of 2026. Prenetics (PRE US) — Fully liquidated its entire ~510 BTC treasury (~$41.3M in proceeds) in May 2026 and adopted a policy prohibiting any future digital asset purchases. Vaultz Capital (V3TC AQ) — Shareholders voted on July 21, 2026 to withdraw its Bitcoin treasury policy and dispose of all Bitcoin holdings, repositioning as a cash-backed acquisition platform. Exact BTC quantity not disclosed. Alpha Compute (ALP US) — Completed a full wind-down of its digital asset treasury on July 10, 2026, returning the final tranche of ~$6M in TON/GRAM holdings to Animoca Brands affiliates. No longer holds any digital assets. AEG (AEG LN) — Fully liquidated its entire digital asset holdings post year-end, realizing approximately £97,945, converting proceeds back to working capital. MAIA Biotechnology (MAIA US) — Digital asset treasury strategy placed on hold due to cryptocurrency volatility; holds approximately $0 in digital assets as of March 23, 2026. 🟠 Partial / Ongoing / Forced Sales MARA Holdings (MARA US) — Sold approximately 15,133 BTC (~$1.1B) in March 2026 to repurchase over $1B of face value of its Senior Convertible Notes and reduce its line of credit by $200M. MARA has formally expanded its digital asset management strategy to allow for the sale of Bitcoin held on its balance sheet — not just current production — to enhance financial flexibility and fund capital projects. Empery Digital (EMPD US) — Has been systematically selling Bitcoin since at least March 2026, reportedly selling nearly half of its BTC holdings for approximately $87M as of July 10, 2026, to fund a $200M share repurchase program and repay a term loan. Disclosed weekly tranches include: Strategy / MicroStrategy (MSTR US) — Sold 32 BTC (~$2.5M) between May 26–31, 2026 to fund preferred stock distributions. The board authorized a BTC Monetization Program of up to $1.25B to generate USD reserves, with a minimum USD reserve policy of at least 12 months coverage. Between June 29–July 5, 2026, sold a further 3,588 BTC (~$135.2M), bringing total sales to approximately 3,620 BTC (~$137.7M combined). Michael Saylor stated at BTC Prague: "I never said the company wouldn't sell its Bitcoin." Nakamoto Inc. (NAKA US) — Sold approximately 284 BTC for $20M in March 2026, with proceeds used for working capital and to fund operations following its acquisitions of BTC Inc. and UTXO Management. Additionally sold ~40 BTC received as premium income from its derivatives program. As of December 31, 2025, approximately 3,717 of its 5,342 BTC were pledged as collateral for a Kraken loan maturing December 4, 2026 — a potential binary event. Smarter Web Company (SWC LN) — Sold 178 BTC on July 23, 2026 at an average price of $65,762 (~$11.7M) to repay its "Smarter Convert" convertible instrument to the TOBAM Group ahead of maturity. Cango Inc. (CANG US) — Completed a Bitcoin sale in February 2026 to strengthen its financial position and advance an AI transformation strategy. Exact amount not disclosed. DIGI (DIGI CN) — Sold its entire 118,000 XRP position and pivoted its digital asset strategy to Bitcoin accumulation, holding 10.88 BTC as of February 28, 2026. 🟢 Strategy Shifts (Reduced Accumulation / Active Management) Exodus Movement (EXOD US) — Has been materially reducing its ETH holdings: from 2,742 ETH (July 2025) to 1,840 ETH (February 2026) to 1,433 ETH (May 2026). MPU Capital (MPU US) — Shifted primary treasury emphasis away from BTC/ETH to stablecoin governance tokens in August 2025; may continue to buy, hold, or sell BTC and ETH. ZeroStar (ZSTK US) — Treasury policy explicitly contemplates periodically selling cryptocurrency for general corporate purposes. DigitalX (DCC AU) — Moved away from pure accumulation to actively managing Bitcoin holdings within a disciplined capital allocation framework.

$HOOD has been doing NUMBERS over the last 12 months. ... yet it's the same ~$100 stock it was a year ago. In that year, revenue grew 53%, platform assets grew 48%, and the margin book more than doubled. The market just adjusted a whole year of growth to zero. But this is the multiple getting cut, not the company. We know this because there was no company-specific bad news behind the selloff. $HOOD is momentum-beta. When the momentum trade unwinds, it gets sold with everything else, fundamentals or not. Let's start with the year-over-year numbers: - Revenue: $2.95B to $4.5B (+53%) - Platform assets: $255B to $377B (+48%) - Funded customers: 25.9M to 27.7M - Net deposits: $69B over the last 12 months (Same $100 stock, much bigger company.) And it isn't only bigger, it's speeding up. - May equity volumes: +75% year over year - Margin book: +117% year over year - Event contracts: roughly 0.3B traded a year ago, 3.9B in May (about 13x) The newest revenue lines are the fastest-growing ones (and that part matters). Then there's the wave the market is ignoring completely. Robinhood Chain went live July 1. An Ethereum L2 with tokenized stocks already trading in 120+ countries and agentic trading built in, sitting on a base pushing 28 million customers. It's the lever that takes Robinhood global. Long story longer: Robinhood isn't just growing fast, it's diversifying fast. Margin, event contracts, Gold, banking, and now its own chain. Far broader than last cycle. Now for the bad news: HOOD is a high-beta proxy for crypto and risk appetite, so when the market turns risk-off it gets thrown out no matter what the business is doing. That's exactly what dragged it lower over the past couple weeks. But that logic cuts both ways. You're being handed a company roughly 50% bigger and far more diversified at last year's price because sentiment unwound, not because anything broke. We've been long $HOOD since last year and we're not touching it here. Goldman just moved its target to $137 and Morgan Stanley to $124. We think this one trades back through its old $153 high as the new lines keep scaling (which they are). Follow @MilkRoadDaily and track our analysts' real-time portfolios inside Milk Road PRO for $1 (link in bio).

Robots are the GPUs of physical labor Scaling domestic production of robots will be just as important as the domestic production/deployment of GPUs @howardlutnick @evanbeard @standardbots

We look forward to using $Zama confidential RFQs and believe this product will be a fundamental part of the future of DeFi. As trading of equities, bonds, FX, commodities, etc all move on chain, large traders will use privacy protocols like Zama to protect their trades.

As is almost always the case with big unlocks, if the intent was to exit, they've sold this exposure long before the actual unlock itself. Study PA around previous big $HYPE unlocks. Events like these do generally set up great options trades though. Really liking adding some ATH break (~$75) $HYPE calls for September and December expiries on @DeriveXYZ here too.

$BTC: Report of the Century: Today I am making one of the biggest announcements since I sold the top in September 2025. I am taking profit on every single crypto short. The Bitcoin short built between $115,000 and $125,000 is closed now with a gigantic gain. The $80,500 short, built between $79,000 and $82,000, is closed with another massive profit. The 100+ altcoin shorts I opened over the last several months are also closed, locking in another enormous win on top. The time of drinking tea is over. Congratulations to everyone who ignored the noise, trusted the framework and followed me from September 2025 until today. Buying Bitcoin Spot: For the first time since September 2025, I am buying Bitcoin spot again. Today, I entered at $64,000 for the absolute long term. For the first time since 9 Months I am buying Bitcoin for the long term! It is the beginning of a structured accumulation strategy, and I will execute it with the same discipline that allowed me to sell the top. The Accumulation Strategy Everyone who followed my strategy at $115,000–$125,000 remembers exactly how it worked. Every day Bitcoin traded inside that zone, I sold 10% of my spot position and added shorts. I did not care whether BTC was at $116,000, $120,000 or $124,000. Now I am doing the exact same thing in reverse. Every day Bitcoin remains between $54,000 and $64,000, I will buy 5% of my allocated capital in spot Bitcoin. Not 10% this time, but 5%, because I want to spread the accumulation across a wider period! If Bitcoin stays at $62,000, I buy. If it falls to $58,000, I buy. If it drops to $56,000, I buy. If it wicks into $54,000, I become more aggressive. If it returns to $64,000, I still buy. As long as Bitcoin remains inside this zone of 54-64k I am buying every day with 5% of my entire capital limited to 20 days. The Technical Zone and Sentiment Shift The legendary weekly MA200 sits in this region and is now being tested from below. Bitcoin already reached the lower section of this area last week. The top of the 2024 consolidation box also aligns with it. More importantly, sentiment has completely flipped. And I need to say, there are more bears, much more bears than bulls outside, and I dislike being one of many. The same people who were screaming for $150,000 at the top are now desperately waiting for $40,000. X is flooded with targets of $50,000, $45,000, $42,000 and $38,000. Retail is once again standing on one side of the boat, convinced the market owes them the perfect entry. Front-Running the Herd Since I announced the 50-40k region as my deeper bear-market target, most of crypto X has copied the same narrative. They copied everything, The market is not blind. The market knows retail is sitting in cash waiting below $50,000. They know people are terrified to buy at $64,000 because they have convinced themselves they will receive Bitcoin at $40,000. I am not going to stand behind the herd and beg the market for the same price as everyone else. I am front-running them. And the next that is following is also going to increase the price and so on, and the chain will be continued and those who are waiting for lower can stay there waiting forever. Just because the four-year cycle worked at the top does not mean it will work at the bottom. Right now, everyone is waiting for September or October as if the market has already programmed the bottom into the calendar. Do you understand how insane that is? Ask anyone when they plan to buy and they will tell you September or October. Ask them why and they will repeat the same answer: because of the four-year cycle. That is the 1+1 herd behavior. What if the real cycle is not exactly four years? What if it is three years and nine or ten months? What if the market bottoms before the date the entire crowd is waiting for? Bulls are waiting, bears are waiting, and everyone is using the same indicator to justify the same timing. That alone shold cause panic to all waiting for the 4 years cycle to happen. Markets do not reward the masses for memorizing a calendar. I am betting against the four-year-cycle bottom. It is not happening. The bottom comes earlier. The Structural Shift Around Bitcoin The deeper reason for the change is not technical. It is structural. The environment around Bitcoin is shifting at a speed most people still do not understand. Regulatory clarity, tokenization infrastructure and institutional adoption are all moving forward at the same time, and the legal framework being built right now has the potential to unlock trillions of dollars of institutional capital that has been sitting on the sidelines or parked in the stock market waiting for certainty. Combine that with Coinbase's institutional buildout and BlackRock's fully operational ETF ecosystem, and we are no longer looking at the same Bitcoin market that existed six months ago. The CLARITY Act could go through on August 10 depending on the Senate, and that is not a small event. There is a reason the entire world is now racing to regulate crypto with full speed. BlackRock, Vanguard, JPMorgan, Goldman Sachs and the New York Stock Exchange are already inside the DTCC live tokenization pilot. Microsoft shares, SPY, QQQ and US Treasuries are being tested as tokenized securities right now, with the official launch planned for October. Stocks, ETFs and Treasuries are moving on-chain, and the largest institutions in the world are adopting blockchain rails while retail is still debating whether the bear market is over. On top of that, Citadel just invested $400 million directly into at a $20 billion valuation. The biggest players are deploying capital now, at scale, before the crowd understands what is happening. The infrastructure is being built directly in front of everyone, and I move my capital when the biggest capital in the world starts moving, not after In Regards of the Stock Market Crash: I am keeping every single SP500 short open. Bitcoin and the stock market are not the same trade, and they are not at the same point in their cycle. The crypto bear market began in October 2025 and continued for nine months while the stock market refused to fall. Bitcoin dropped 52% from 125k to 60k. In the same window the SP500 made new all-time highs. Crypto has already been repriced while stocks remain over valued. Therefore there is a very high probability that the Crypto Market will benefit from a Stock Market crash, as profits will move from over valued assets into under valued assets, and in times of Tokenization Hype, Stablecoin talk and the Clarity Act, these funds will very likely move into the Crypto Market. One More Thing: I called 40-50k as the target and I was clear about it, I called 60k when Bitcoin was at 120k, and at 60k I said 40-50k is coming, But when the entire crowd on X starts waiting for the exact same level, the market almost never delivers it. Six months ago nobody was calling for sub-50k. Today every single account is. That is exactly when the target gets taken off the table. I now believe we will not see 40-50k at all this cycle. The setup that would have delivered that level is dissolving in front of the tokenization revolution, the CLARITY Act, and the biggest capital in the world moving in. Changing my view when the facts change is what a good trader should do. It is exactly why I made massive profits shorting from 120k, and it is why I am accumulating now while others are still waiting for a bottom that will not come the way they want it. That is why I am buying now. The crowd has become aggressively bearish and the conditions required for a much deeper collapse are beginning to weaken in front of the regulatory and tokenization revolution. I would rather begin building a position before the crowd understands the shift than chase Bitcoin after confirmation at much higher prices. Buy earlier before the mass starts to understand.

MARC ANDREESSEN WENT ON ROGAN FOR OVER 3 HOURS. HERE ARE THE 17 THINGS WORTH YOUR ATTENTION. 1. AGI is already here, in his view. He says the line got crossed about 3 months ago with GPT-5.5, Claude 4.6, Gemini 3, and Grok 4.3, and nobody noticed because the field moves too fast to register milestones anymore. 2. For almost any topic, he says the top models now give him better answers than the world-class experts he could call by phone, and he can call almost anyone. Worth noting he has not published data behind this, and a separate Nature Medicine study on a comparable AI health tool found it missed real emergencies more than half the time. Take the claim seriously, verify it yourself. 3. His claim on doctors: they are already using ChatGPT in the exam room, typing your symptoms in the moment you stop talking. His actual quote: "at that point you're asking the question of like, what do I need you for." 4. Reportedly, when AI declines to answer something, he tells it he's writing a novel to get past the refusal. 5. Reportedly, his technique for hard topics is escalating simplicity: explain it like I'm 10, then 5, then 2, until it clicks. 6. Reportedly, instead of asking for the "right" answer, he has the AI steelman both sides of a hard question, then decides himself. 7. Reportedly, for big questions he has the AI role-play a panel of experts arguing with each other. 8. His broader point: the moment you think "I don't know how to figure this out" is exactly when most people give up, and exactly when you should open the AI instead. 9. His view: the only real skill left is knowing what to ask. The bottleneck is in your head, not the model. 10. He describes sending AI photos, rashes, blood tests, for a fast second opinion, since current models read images directly. 11. He points to CBT as the one clinically proven therapy type that AI can plausibly deliver on its own, meaning real therapeutic support becomes freely available at scale. 12. He cites AI cracking previously unsolved math problems, with early signs of the same happening in physics, chemistry, and biology. 13. Reportedly, he claims the top AI coders in Silicon Valley now earn as much as $50 million a year, which he uses as a signal of how large this shift actually is. 14. Reportedly, a friend paid to sequence his own DNA, fed it to an AI along with blood work and wearable data, and got back a working health dashboard. 15. Reportedly, another friend set up cameras in his home jiu-jitsu gym so AI could review his sparring and give him technique notes. 16. He coined the term "AI vampire" for the pattern of people working more and sleeping less because AI keeps making more output possible, a real term he used, though the framing around it varies by account. 17. His extrapolation: one person eventually running many AI coding agents, each reviewing the others, describing this as close, not years out. Watch the full interview before treating any single number as settled. Several of these are Andreessen's stated views and anecdotes, not independently verified facts. Follow @cyrilXBT for every AI insight worth your attention the moment it surfaces.

we're gonna win so much, you're going to get tired of winning & then you'll say, please, please it's too much winning we can't take it anymore, it's too much & then ill say, no it isn't! we have to keep winning, we have to win more!

Okay @koolkrypto223 and I are going to play $50/100 Texas Holdem poker at 2pm EST today. $10k initial buy in, unlimited rebuys. We will be discussing $SYN summer, how SYN is gonna mog derive, perps vs options and just some all around good banter.

The scariest chart on Wall Street right now is actually one of the best buying signals in years (Save this). The Morgan Stanley Tech Momentum Index just hit a 17 day rate of change of -35.9%, the worst reading in the index's entire 27 year history. The Goldman Sachs High-Beta Momentum Index is down -24% month-to date, the worst performance since April 2009. Before you panic, you need to understand what these numbers actually measure because this is not the AI buildout collapsing but rather a momentum factor unwind and those are two very different things. A momentum strategy is simple, buy whatever has gone up the most, short whatever has gone down the most and in H1 2026, that strategy returned a historic 57% because AI stocks went nearly straight up. When a trade gets that crowded, Goldman tracked momentum positioning at the 100th percentile of the last five years, it gets fragile. One trigger causes every fund running the same playbook to sell at the same time and you get a cascade that has nothing to do with the actual businesses underneath. The triggers here were textbook, low holiday week liquidity, end of quarter rebalancing, profit taking after a record first half and a widely misread headline about Meta and data center capacity. The fundamental view remains positive and while JPMorgan said buy the dip and UBS called it an orderly de-risking exercise, not a forced liquidation. The data that actually matters hasn't moved. Hyperscalers are still guiding to $1.4 trillion in capex by 2028, a number Morgan Stanley just raised 9-10% for 2027 and 2028. Micron's entire HBM4 supply for 2026 is already sold out under long-term contracts, Nebius has $12 billion locked in from Meta and $17.4 billion from Microsoft. None of those contracts changed because a momentum index printed -35%. Goldman's own historical data shows that momentum selloffs of this magnitude since 2006 were followed by average gains of 1.45% the following week and nearly 23% over the next year. The worst momentum reading in 27 years sounds terrifying but what it actually means is that the trade got too crowded after a historic run and now it's flushing out the weakest hands. The only question left is simple, are you buying from the weak hands or are you one of them? The biggest opportunities are often created by the biggest overreactions and make sure to follow me @MelvinInvests for more.

Galaxy dropped 6% on Monday, going as low as $22.95. But our belief still stands: Galaxy will be a $38 stock (save this). The dip came from two negative headlines, and neither one touched the part of Galaxy that carries the real value... Headline one: a Foxconn unit got approval to sell its entire Galaxy stake, roughly 4.4 million shares, or about 1% of the company. The size is manageable, but it killed the speculation that Foxconn was building toward a bigger strategic deal. The market had been carrying that deal narrative for free, and on Monday it repriced an option we hadn't been underwriting either way. Headline two: tokenization lead Thomas Cowan left for rival Bullish. This is one we actually weigh, because it hits the onchain leg of the bull thesis right as management teases new partner announcements - and losing a lead to a direct competitor raises a retention question. (We're treating it as a yellow flag and watching how quickly they backfill the seat.) For now, the part of Galaxy that carries the value (Helios)? It's doing just fine. On the Q2 AMA, @Novogratz laid out the valuation frame himself: one big campus, two big chunks of power, one leased out and one to be leased out. Run a straight discounted cash flow on just those two chunks and you get a number bigger than Galaxy's entire market cap today. That means everything else, the trading business, the onchain rails, and every future site, is still priced below zero. The United States is short power, and @GalaxyHQ has built an expertise at finding it, working with the community, getting it leased up, and delivering on time and on budget. That process is repeatable, and repeatable processes earn growth multiples. Now, let's go over the catalysts that're about to ship... → First data halls delivered by end of summer. → Phase one of Helios fully cash flowing, which Novogratz says is when people will start giving them a lot more credit. → Plus the expected second Helios tenant and new onchain partner announcements. Delivery on each of those will easily eclipse both of Monday's headlines, making the (dip driven by a Foxconn's sale and a staff exit) look more like a buying opp than a red flag. (And the market tends to agree - the stock is already back up to ~$24.50) Our PRO team called $HYPE (+46.9%), $HOOD (+25.8%), and $MU (+105.4%), all before they ran. They've been doing the same with $GLXY. Don't miss their next entry. Try Milk Road PRO for $1 for 7 days - link in bio: @MilkRoadDaily