How will the SEC ultimately help existing coins to land (i.e., allow value capture/turn into something similar to securities)? DAT is a step, but it feels more like a compromise in dealing with historical legacy products.

Woke up in Beijing to this, haven’t heard anything about this in China, anyone provide the CN source?

RT @MapleLeafCap: $MATH Blow-out #'s for Fiscal 24 (up til Mar 25) with 44.5 mm rev and ~16 mm profit. Even after the rally yesterday it's…

I heard HK Gov wanted the Stablecoin usage & ownership to be under full KYC/AML lmaoooooo what a joke

Between this and Shortcut idk man Ibanking will probably cease to become a career within a year or 2

How could u not try to find a way to long crypto, AI, and robotics to hedge the risk of your livelihood from being obsolete?

I remember during my HF days in NYC 16-20 where I looked at a bunch of micro/small caps in HK / Asia where a ton of them have negative EV (esp. HK) and my old boss wanted to buy them and we decided against. Turns out all these C-suites are ass clowns enriching themselves w/ the cash and the shareholders never saw a dime of it -- and w/ C-suite having control, public shareholders never had a chance ever getting recourse. I think the worse of one is where the mgmt funneled a ton of cash at way below market rate as a loan to a related party which turns out to be the CEO's personal bank. That bro clipped like 10 mm USD / year for himself w/ the spread. I'm not referring to any companies in particular, but the FDV trading under net cash is never a good argument. Ask the former $EOS bagholders for instance. Makes you think.

Hey maybe the cost of capital / discount rate one should use in crypto is 25-30% because that's what $BTC may compound at given fiat depreciation into the future.

Think soon the final flush (with more FUD) as ICO participants can no longer take the pain. Then become super interesting w/ the ball in the team's court: - Capital allocation transparency - IR strategy & guidance-setting, codifying value-capture - Shipment of impactful products - Big collab & press At current price w/ 25% buyback & 30x burn it still trades expensive vs. $BONK @ 11x burn tho (and $GP at 7x). If you want to paint the bear case $PUMP could trade down another 60% from here -- but think unlikely given (a) team would almost certainly act and (b) bidders will show up as a blend of Circ cap & FDV trades close to 1.7 Bn cash-pile (would argue it's already there at 0.002-0.0025

If I had to guess CEX & Hype listing probably coming soon the way it’s trading. Bonk Mobile launch is a nice touch to extend the story further.