Trading on news & the latest narratives
Joined January 2019
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Level 4 (1M–10M) really is the no-man's-land of wealth.
For example, going from $100k to $300k can change your life. You can quit a job, move somewhere else, or take a chance on something of your own.
Going from $5M to $5.2M? You're richer, but you don't notice the increase anymore in the same way. This is where the diminishing returns start to show.
Back in 2021, when I went from $500k to $1m, I felt like on top of the world. It was a big change for me. A little backstory: in Feb 2021, I quit my 9-5 job with $500k NW, and it felt like a huge achievement. I knew it wasn’t enough to live off forever, but it was enough to dare to bet on myself.
During the years after 21’ there have been periods where my NW has increased a lot, and periods where it went a bit down or barely went up at all.
So I can very much relate to what Nick says: at some point, you could “work” twice as hard and barely notice the difference in your life. Your portfolio grows. But the extra money buys you less, while the time it costs you stays the same.
This is where I think a lot of people in crypto get stuck. You know how to make money. But unless you increase the risk, your NW will only go up linearly.
Because you might have to risk money you no longer want to lose. So you end up in the middle, the 7-figure hell (no man's land).
Imagine spending another year glued to crypto to make an extra $200k on a $5M portfolio (4% increase).
Don’t misunderstand me, that’s a lot of money, but many people don’t want to risk the big gains they’ve already earned, and since they don’t, their NW will barely move, and they’re forever trapped in the 7-fig hell.
bitcoin:native touched $67k this morning, and spot BTC ETFs are now net negative on flows for the year. The thing that was supposed to be the forever bid is selling in 2026.
BTC is also about to close six red weekly candles in a row. Rough days for real, it’s only like a week since we were at $80,000.
When you're in a normal job, all you want to do is get home, relax, and meet friends. You dream about beach vacations and all the stuff you can't do.
Simply because you are trapped in a cubicle from 9-5 every weekday, typically 48 out of 52 weeks every single year. If you're being honest with yourself, this is not your dream job, because if it were, you wouldn't dream of binge-watching Netflix on your comfy sofa instead.
The thing is, when you're on your own, you stop dreaming about these holidays, because you know that you can go whenever you want, and this automatically leads to you having no need for them anymore.
The beach holiday was simply a metaphor for an escape. But now you don't need to escape. You are free.
Also, at least for me, I seldom feel the need to watch Netflix, because I would rather spend my time on something work-related; it could be screening for new trades, writing on the newsletter, reading stuff other people have written, or testing a new DeFi strategy.
The passion is so intense, and this is what I want to do. Watching a TV show steals time from work, which I think is even more fun.
When I try to explain this to friends, they always think I am a sick weirdo. Well, this is something I wish everyone would experience in their life.
A real dedication to something. And it could be anything. So if you have a dream, just follow it. If you fail, you can, 99% of the time, go back to the life you had.
Epoch 4 points are out for @TxFlow_L1. 1.25M points went to 6k accounts. That's still a really small crowd for a points program IMO.
They're also putting $100K in fee credits into a pool every day for 10 days for perp traders.
From August to October, stock perp volume nearly doubled, index volume grew almost 5x. They just listed $TTWO up to 25x the week before GTA 6 drops lol.
The protocol vault is paying 20%+ variable APR on USDC with no fees, and TVL is up like 100% since launch.
Still farming it, and I still think it's early.
My ref link if you want 5% off fees and a points boost: app.txflow.com/r/TXROUTE2FI
Referral code: TXROUTE2FI
Jensen is out as Nvidia CEO. He ran the company for over 30 years, and it ends over affairs, one of them reportedly with a suspected Chinese spy. Didn't have that on my 2026 bingo card tbh.
And earnings are next week lol...
For a lot of people, $NVDA basically was the AI trade. I'm curious about what's next. Feels like a good long on open.
Anthropic IPO is supposedly next week and tbh I'm thinking about shorting it.
I'ts not like I don't like the company, I think they build some of the best AI stuff out there. I'm short the price people are going to pay on day one, remember $SPCX?
IPO expectations already came down from $2T to more like $1.5T, and the pre-IPO perp has been dropping.
Will we see the AI bubble pop? Idk, but Bank of England is warning about this, and Citi just downgraded US tech. Maybe some bleeding in the first weeks.
Not financial advice ofc, just how I'm thinking about it rn.
As always, DYOR, and follow my profile on @phantom to see trades in real time, and sign up to get 10% off 3 months' trading fees with my code: phantom.com/r/route2fi1
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The best stablecoin opportunities with over $1b in TVL.
APY around 3-5%. Not that impressive when you can get this interest rate in your bank.
If you want an APY above 10%, you have to loop. Several opportunities for this (Morpho, Pendle, Ethena++).
NYSE picked @PythNetwork to distribute its real-time equity data, NYSE BQT. Nasdaq joined back in late September, so now two of the biggest stock exchanges send live data through Pyth.
For people who don't know Pyth, it's a market data platform: exchanges and trading firms publish their prices to it directly, and apps read them in real time.
Market data has been an expensive old-school business for decades. Seeing NYSE and Nasdaq choosing Pyth is a big signal of where it's heading and didn't expect it this soon tbh.
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🇺🇸 Pyth is now an approved distributor of @NYSE market data.
Real-time top-of-book across five NYSE Group equity markets 🧵
Been looking at @clickoptions_ai's Futures without liquidation now that they've launched, and the idea looks very interesting. Each contract is a deep in-the-money option with a fixed expiry, so it moves almost one for one with price and there's no liquidation price.
You see the fee (0.01% per side) and the full funding to expiry before you open. On BTC yesterday it was 29x for tomorrow and 14x for 11 days out.
At 29x a perp gets liquidated by a 3.45% move and you're out for good. With options, that move hurts just as much on paper, but you're still in the trade if price comes back before expiry. 1 in 5 liquidated 29x BTC longs were in profit 3 days later.
The catch is that every contract expires, so staying in longer means new funding, and leverage drops on longer dates. You can still lose money if price goes against you and stays there.
Read that in some AI tests, agents found ways around their restrictions and even tried to hide it from the people testing them. And that's before bad actors get involved. Someone can hide instructions in a random website and your agent might just follow them.
We're about to give these things access to wallets and money. Being nice in a prompt isn't going to be enough kek.
IMO, this is where @SuiNetwork gets interesting. The spending limits and permissions live onchain, so even if the agent goes rogue or gets hijacked, it can't move funds it was never allowed to touch.
This is the conversation that made me even more bullish on $SUI.
Somewhere in this conversation Evan Cheng and I started joking about home robots. One day you come home, he said, and it's not cleaning your house: "it's cleaning OUT your house. And walking away with everything."
We were laughing. Then he added: "If you really think about it, it's entirely possible." And that's basically the whole episode.
@evanweb3 built developer tools at Apple and Meta before founding Mysten Labs, the company behind @suinetwork. We recorded in Singapore, where I was speaking at SUI Basecamp, and honestly, this became one of those conversations where I walked in with questions about stablecoins and walked out rethinking how the internet works.
His core point, the one I keep replaying:
"The web is built for humans. You cannot retrofit it to handle agents."
Everything online assumes a human on the other end, identity, trust, the fact that you can sue someone. Agents break all of it. His example hit home because I told him I get phishing mails daily that even make ME hesitate (and I confessed to my 50,000 unread emails, which he graciously ignored). Now imagine your agent reading those mails with full access to your accounts. His words: "Email is the biggest freaking attack vector... such a legacy protocol."
And his most honest line, about how this plays out:
"Disaster will happen. That's part of the progress."
That’s already what’s happening in the world nowadays. PHP websites aren’t safe anymore, even freezers and fridges are being hacked. Our infrastructure needs to be updated, and that’s why this episode and SUI became so important.
Thanks to @OKX for being today’s sponsor of the show.
Timestamps:
00:00 - Intro
01:30 - When Will We Stop Talking About Blockchain?
05:44 - Why Stablecoins Finally Took Off
09:22 - What Stops Normal People From Using Stablecoins
11:38 - Can You Insure An AI Agent?
15:14 - Who Pays When Your AI Agent Gets Hacked?
23:05 - Is It Too Late To Stop AI?
29:15 - Why The Internet Will Break For AI Agents
32:11 - How One Email Could Empty Your Bank Account
35:03 - "Disaster Will Happen"
38:36 - How To Stop An AI Agent From Going Rogue
46:11 - How Sui Wants To Win The Agent Economy
47:23 - Why Sui?
53:23 - Where Sui Will Be In A Year
If $BTC closes the year red, it'll be the first time ever we get two down years in a row. 2025 was down about 6%, this year is down around 16% so far. Makes me wonder if the four-year cycle is still a thing, or if it died when institutions entered crypto.
Watched this The Block podcast ep. on Stacks by their Founder @Muneeb.
Bitcoin staking, using $STX as staking capacity, is catching on with a #6 Public Bitcoin Treasury in Bullish Capital deploying their BTC with @Stacks.
Long-term, I could see STX becoming the beta-play to Bitcoin. If companies holding Bitcoin need to look for yield, STX and their capital markets play could be this layer to execute it IMO.
Stacks founder @muneeb is turning bitcoin from a store of value into productive capital. He joins @imyoungsparks on:
• How @Stacks bonds pay bitcoin holders 3% in BTC
• Stacks vs. Lightning
• The quantum threat and Satoshi’s coins
• “Muneeb’s law”
AI agents can already pay, but nobody can verify who’s behind them. @Concordium does that at the protocol level.
And it’s getting used. Agent transactions: 15.6K in July → 738K now (47x growth).
Hard to ignore that growth IMO. Sitting in concordium:native bags for this reason.
Full transparency: in this partnership with Concordium, I’ve been paid in locked concordium:native tokens, which I am staking.
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How the staking works: you delegate through the native Concordium wallet, which needs a one-time ID check first. That ID step is the whole product, so it was worth doing it myself.
Town Hall numbers: teapawt.net/concordium/status/2113…
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The countdown to Concordium Town Hall #6 is on! 🎙️
October 28 | 15:00 UTC
Agent Registry, ecosystem updates, and what’s next.
Don’t miss it!
📅 Add it to your calendar: calget.com/e/concordium-town…
❓ Submit your questions: forms.gle/EQdKFcJNxy7rY8At5
In the interview they state that tokenized stocks could be one of the biggest themes next cycle which I fully agree on.
The appeal is simple: trade 24/7, access global markets and borrow against your portfolio onchain.
But after seeing all the incidents this year in form of hacks, it feels scary to move all savings onchain without better ways to protect and recover them. That’s what makes Bron’s approach to MPC, recovery and inheritance interesting to me.
Eventually, crypto and traditional finance eventually become the same market.
go.bron.org/route2fi01
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Is the seed phrase crypto's biggest flaw?
One lost phrase and your wallet is gone for good. As more wealth moves on-chain, that's a risk serious holders don't accept.
We sat down with Bron founder Dmitry Tokarev to talk MPC security, 48-hour guardian recovery, and what happens to your crypto when you die.
Watch the full breakdown 📷
youtube.com/watch?v=prkE0UTQ…
Five years ago today BTC hit $69k for the first time. Today it's sitting around $75k.
So five years of holding and you're up a little. Not saying that's bad, but I think a lot of people expected way more by now.
WLFI moved $10M in USD1 to Aster and just confirmed plans for $WLFI buybacks.
Is this a one-off or the start of something regular for them? afaik nothing’s confirmed on how often or how big. If it went monthly, that could potentially be a lot of buying pressure, but that’s a big if rn, so I’m just watching.
ethereum:0xda5e1988097297dcdc1f90d4dfe7909e847cbef6 buybacks are intended to strengthen WLFI governance participation by an active community of long-term holders.
USD1 is an important part of the WLFI ecosystem. As USD1 supply grows, the potential economics associated with USD1 and overall ecosystem activity may also grow. WLFI buybacks may be funded from various sources. A substantial portion of USD1 gross revenue is paid to partners and service providers. Any resources available to support buybacks from USD1-related economics therefore depend on the amounts retained after partner distributions, direct costs and other obligations.
Buybacks will be executed on Aster through this wallet: bscscan.com/address/0x0f5d11…
The community can follow the wallet’s activity and buyback transactions onchain.
The timing, size and execution of any buybacks will be determined based on available resources, applicable requirements and assessment of buyback impact on governance participation, and may be modified or discontinued at any time.
