Crypto + Macro Stuff I'm Looking At Today ... - Iran tensions back up - Oil at $86.97 - $QQQ down but still over $700 - $ETH outperforming $BTC over last month, up 11% vs 2.5%, respectively - Robinhood Chain has apparently flipped Base in active wallets (h/t my bro @Flowslikeosmo - make sure to give him a follow!) - Bitcoin and gold remain the two worst-performing major assets this year - Crypto Fear & Greed Index up into the 30's now though interestingly - Lots of speculation re: Clarity Act passing soon, with Bessent saying lawmakers are "at the 1 yard line" in regards to passing it - ie about to do so, for you non American football enjoyers ) - According to Certik there were 52 verified wrench attacks in Q1 and Q2 of this year, resulting in $124.1 million in losses - Morpho launching 'Midnight', their new fixed rate lending protocol - Mantle turns 3 years old seeing lots of success with its RWA efforts - Telegram is unveiling a new non-custodial wallet - Movement Labs bankruptcy is generating all sorts of contentious debate - Derive launching its new V3 - noble_xyz is shutting down (h/t my bro @flb_xyz - make sure to give him a follow!) - Variational seems to still be #1# prospective airdrop right now - Some smaller airdrop opportunities I'm seeing lots of smart folks post about include: arcus_xyz, perpltrade, and risextrade - Balaji announces a new Network School campus in Kazakhstan (apparently Malaysia revoked its license or something?) - In related meanderings... I'm insanely bullish on Central Asia over the next 10-20 years... think Kazakhstan and a lot of similar countries are going to do exceptionally well... - US real estate continues to suffer... especially vacation rental folks, multifamily syndicators, self-storage syndicators, etc - And of course office real estate is totally dead, but that is more for idiosyncratic reasons (rise of remote work and online economy) vs the macro stuff - US 10 year Treasury yields spiking like crazy, now up to 4.663% Conclusion Re: the above, I do not think Warsh and Bessent and Trump can let the 10 year stay this high for very long... Whether via ratcheting Iran stuff back down or else via Treasury shenanigannery or else via Fed doing something, in one way or another they gotta get down closer to 4% or we'll start seeing dysfunction... The fact that stocks and crypto are both doing as well as they are given how high long-duration bond yields are suggests to me they are really coiled to spring higher... So yeah... quite bullish on net for next few months, but as always- markets are very much political these days, so it will really depend on Trump/Warsh/Bessent... Either way though keep getting after it my dear anon 💪 Reject the bear'ism. Reject the blackpills. To quote the great Jack London: “A man without courage is to me the most despicable thing under the sun, a travesty on the whole scheme of creation...”