UTSnakeyes 🐍

The New York Stock Exchange has selected Avalanche ($AVAX) as the exclusive blockchain for settling tokenized U.S. stocks on its upcoming 24/7 trading platform, according to the WSJ. NYSE cited Avalanche’s speed, throughput and compliance capabilities. The platform is targeting a Q4 launch, pending regulatory approval, with instant settlement and stablecoin funding.

I’ve been long $IREN since $5.30, and the call back then was pretty simple: if AI kept scaling, grid-connected power would go up in value. That played out, and I went quiet while it ran. I’m back because the stock now looks more disconnected from the business than at any point since I bought it. At $22 we're at an ~$8.4bn market cap and ~$19bn of EV once you include YE 2026 GPU debt: about 6.3x exit-2026 run-rate EBITDA, and ~2.3x 2028 EBITDA, including the debt needed to fund the buildout. If the 2027 capacity signs even at bear-case prices, about 20% below today’s, it trades roughly at what its contracts are worth, even if every GPU and every building is worthless the day those contracts end. And it owns roughly 2.3GW of energized capacity at a time when the biggest buyers in the world are saying they can’t get enough. My floor works out around $24–36 and my base case for end-2027 is around $130 🧵

IT IS TIME TO SELL $IREN 8.5 Billion Market Cap 7.6 Billion Cash on Balance sheet 9.7 Billion dollar deal with $MSFT 4 Billion end 2026 ARR 14 Billion projected end 2027 ARR 6+ GW of capacity secured. Only 1 billion debt needs to be paid back before 2031 2% avg interest on the debt 4.2 Billion Shareholder Equity 500 mw to be signed in 2027 at 2x compute prices

buy

We’re excited to announce that Value is coming back, starting October 29 at 8 am PT for $39.99. Plus, Standard and Priority estimated turnaround times are getting faster. Learn more: psacard.click/Value-Opening-… New Value orders will be processed after existing orders. This will not affect estimates for orders in line.

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Avalanche chain revenue is exploding. From as low as just $1,066 on July 30, the fees generated by @avax have done nothing but grow ever since. The daily figure now stands closer to $10,000-$20,000 and even reached as high as $64,010 on September 24. What's behind it and is $AVAX season finally in...?

I am not going away @vladtenev @DanGallagher AMC Entertainment does not consent to Robinhood creating Stock Tokens to replicate AMC shares in the United States (the SEC requires you to get our consent, or failing that, at least with us to stand down). They are fake, synthetic shares, which could impact our capital structure. AMC should control our financial destiny, not Robinhood.

Crypto is a rollercoaster as you might know. Ups, downs, loops, and those moments where it feels like the whole thing is about to fly off the rails. The violent rides are part of it. What keeps robinhood:0x11b70d0243baf75e85ce03201a92b5b7c33beb59 on track isn’t the chart or the hope, it’s the community riding it together. Hands up, eyes open, holding the line through every drop and twist. Doesn’t matter how rough it gets. We stay on the rails because we’re in it with each other. Life is a rollercoaster. Enjoy the ride and chose the right memes. 🐸

Just buy it from GameStop!!!!! Everyone telling me I’m crazy for paying 379.99 for a UPC! Yall just stayed up all night to try to hit a target drop for 250$!!! How many of yall going to call of of work to wait in line for it?! You make more than 120$ a day don’t you? So you call off work, you stay up all night multiple times in hopes to hit, and you stress out like crazy trying to add to cart! Just buy the dam thing all ready!!! It will give you piece of mind!