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OG whale Gareth Jean, liquidated for $250M in an ETH futures position in January, is back.
Known for early BTC holdings and a $1B+ short opened hours before Trumpโs China tariffs on October 10, he vanished after a failed large ETH long and shifting spot BTC.
Weeks ago, Gareth Jean reemerged, backing SPCX, memory stocks like 000660 - SKHynix, gold, BTC, and ETH.
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A lot of smart people lack confidence because theyโve never stayed with anything long enough to become great at it.
Theyโre interested in everything, so choosing one thing feels like giving up ten others. Then once they finally choose, they get bored before the boring part has had enough time to turn into skill.
Eventually they start believing they have no real talent.
But talent may have never been the problem. They just keep leaving before competence has enough time to become confidence.
โ
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Theyโre interested in everything, so choosing one thing feels like giving up ten others. Then once they finally choose, they get bored before the boring part has had enough time to turn into skill.
Eventually they start believing they have no real talent.
But talent may have never been the problem. They just keep leaving before competence has enough time to become confidence.
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Iran has refused negotiations with Trump until the end of his term. An advisor to the Iranian parliament speaker confirmed no agreement will be made.
Tehran demands $300 billion compensation for opening the Strait of Hormuz, asset unfreezing, and US troop withdrawal. Iran and Oman are coordinating a new shipping route. Trump demands compensation from Iran for American casualties and protesters.
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Analysts at Standard Chartered raised their price forecast for Chainlink (LINK) to $200 by the end of the decade. They see growth potential about 25 times its current level near $8.
The forecast is based on Chainlink's role as a key infrastructure provider for tokenized assets. Jeff Kendrick, head of digital asset research at Standard Chartered, called it the "only end-to-end platform" covering the full lifecycle of tokenized assets in DeFi and traditional finance.
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Vitalik revised the Ethereum roadmap, raising quantum security priority while downgrading VDFs and most EVM improvements.
Verkle trees are replaced by ZK-friendly PBT. Privacy is now a core goal with privacy pools, wormholes, and keyed nonces. New features include zkzk-frames and leanSPHINCS for post-quantum scaling.
The spec is streamlined for formal verification with AI. The focus is on specialized scalable mechanisms, favoring STARKs and AI over rushing upgrades.
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Strategy plans to return to active Bitcoin purchases within this year. After a seven-week pause, the company is temporarily increasing its dollar reserves, which have reached $4.75 billion. Since the start of this year, Strategy has bought 175,000 BTC and sold about 7,000 BTC.
The CEO noted the current bear cycle has lasted around eight months, consistent with historical patterns for BTC. He emphasized Strategy faces no financial issues, holding roughly $55 billion in Bitcoin and enough funds to cover dividends for about 2.7 years.
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Arthur Hayes outlines a US-Japan strategy to strengthen the yen, now undervalued and frustrating the US, China, and Japan. Raising rates by the Bank of Japan risks crashing Japanese bonds. Forcing Japan to sell US assets would destabilize Treasuries.
Japanโs Ministry of Finance pledges US Treasuries to the Federal Reserve via FIMA, using the dollars to buy yenโcreating fresh Fed money. This requires lifting the $60 billion FIMA cap and letting GPIF join.
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Bitcoin miners' revenue from network transactions has fallen to 0.69% of total earnings, a decade low. Mining one bitcoin costs $78,254 while the price is around $64,100, making mining unprofitable without a price rise.
The network's computing power dropped 33% since October last year, from 1.3 ZH/s to 898 EH/s. Many firms now shift their supercomputers to AI tasks.
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Hyperliquid currently blocks US users due to regulatory risks. Its Policy Center is negotiating with the CFTC to establish a workable framework for on-chain decentralized perpetual futures.
In May, the CFTC approved the first regulated perpetual futures in the US, such as those on Kalshi, and eased routing through foreign platforms. However, direct access to Hyperliquid remains closed for US residents. HYPE rose 2% briefly.
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Trump Media launched Truth API, offering traders and hedge funds ultra-fast access to posts from ten key Truth Social accounts, including Trump, for about $1.2 million per year.
The Intercept and Freedom of the Press Foundation, backed by CREW, sued Trump over selling early access to his official statements. They argue this gives paying clients earlier access to government info than journalists and the public, violating the First and Fifth Amendments.
For $1.2 million annually, clients get Trump's posts milliseconds before others, a potential edge for algorithmic trading.
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