Just looked at docs for another oversubscribed $200M+ ETH treasury company. Christ. We are going to have ATM bids for ETH just sitting on the shelf for $10B+ by the end of the quarter.

Uncomfortable truth. Rate cuts aren't needed. Financial conditions (Combo of: The federal funds rate. The 10-year Treasury yield. The 30-year fixed mortgage rate. The yield on triple-B corporate bonds. The Dow Jones total stock market index. The Zillow house price index. The nominal broad dollar index. ) are SUBSTANTIALLY easier than when we started hiking.

Do any car dealerships or brands in the US accept USDT/USDC yet?

At this rate most of the outstanding BTC, ETH and SOL will actually be owned by companies. Making them effectively equities... Just like all the crypto anarchists dreamed 🚀🚀🚀

This is the best metric to date to value blockchains As fees decline for transactions and MEV (my firm belief that this will happen, see the blockworks or laura shin debates as had as to why), economic activity is picked up elsewhere. Previously no other metric was capturing this new activity. TEA (total economic activity) captures that broader economic activity happening on chain by looking at Settlement Volume + Application Fees for each chain. Settlement volumes (DEX Volumes, NFT Volume, and P2P Transfer Volume (incl. native, token and stablecoin transfers)) capture transaction and stablecoin activity. Application fees (aka app level revenue for someone like pump or others) capture application growth. Overall the correlation to market cap looks really good at 0.93 for ETH. Looking forward to monitoring here.

ETH on exchanges is actually higher today than it was in July 2024. Hm. Weird.

P/S ratio on S&P 500 stocks still below 2021 highs...but above 2000

Since 1990, the S&P 500 was higher a year after an all-time high 82.4% of the time and up an average of 13.5% over that one year

Retail stock trading has already passed 2021 highs

But I was told stake rate would decline as yields went down bc you would only be doing it out of "charity"