LukeCannon🧙🏽‍♂️🤙

A few more weeks of this & Saylor is legally required to rebrand Strategy back to MicroStrategy & let Bob Diamond have the "Strategy" trademark

Does anyone know if preferred stocks respect TA?
STRC to $120 in 2028

“Michael, so you own 5% of all Bitcoin & decided you were going to sell some to test the liquidity?"
“That’s correct Dave.”
“And you did this immediately after using up your cash to buy back debt at an 8% discount?”
“I did, Dave.”
“So when you actually did what you said you were going to do, the liquidity test didn't go well?”
“Sadly true, Dave.”
"And you only sold 32 BTC, even though you knew that wouldn't be enough to cover the next year of dividend payments?"
"Yes, Dave."
"So in the process of selling BTC to try & save STRC, you ended up killing BTC, STRC, & MSTR?"
"Very astutely observed,

Finally I can explain to my mom that I'm a very large investor in the 7-Eleven of finance

Incredible scenes
After dumping & shorting HYPE at $26, the terminated Hyperliquid team member is longing it at $73

What being a bear does to a man

Native USDC on HyperEVM has just flipped the USDC in Hyperliquid's Arbitrum bridge
The FUD gets weaker by the day, and that's 6.7B USDC now driving value back to HYPE via buybacks.
Hyperliquid.

UMA whales are currently trying to resolve the May 31st market as NO on the basis that the sale wasn't announced until today, June 1st
When the rules clearly state the market will be resolved based on information from MSTR & on-chain data:
- Saylor announced 32 BTC were sold in the period ending 4pm on May 31st
- Sale price of $77,135 indicates a sale no later than May 26th
- There are even onchain transfers of $30M BTC from Strategy to Coinbase Prime on May 29th
What more evidence do you want?
HIP-4 fixes this.
Hyperliquid.

Insanely positive HYPE twaps rn, +$29M over the next 24 hours
And it's entirely driven by a single cluster of wallets who I used to consider smart money but has had a horrible recent year

Hyperliquid 1.0 looking good here

In the past 9 days, the Bitcoin ETFs have sold more than $2.8B
Which is more than Saylor bought all month even with a record last day of STRC issuance

STRC has had more volatility in the last 5 minutes than in the last 3 months combined
Someone seems to be exiting fast & in size
Maybe they're not a fan of the STRC dividend becoming semi-monthly instead of monthly?