THIS INDIAN KOL JUST RUGGED 10M$ Here’s how?👇🧵

🚨 JAPAN IS PAYING FOR IRAN'S WAR WITH AMERICA'S BOND MARKET. Read the post above again. Then follow the money. → 93% of Japan's crude oil comes through the Strait of Hormuz → Brent is sitting around $104 → The yen is near 40-year lows → Japan's 10-year yield just hit 3.08%, the highest since 1996 Every barrel Japan buys is priced in dollars. With oil above $100 and the yen this weak, Tokyo needs a mountain of dollars just to keep the lights on. So where do those dollars come from? Japan holds about $1.1 TRILLION in U.S. Treasuries. The biggest foreign holder on earth. And that pile is already shrinking: → ¥27 trillion (~$173B) spent defending the yen this year → FX reserves fell $79.6B in August alone, the biggest monthly drop since 2000 → Treasury holdings fell in May, June and July Now look at what the post is saying. Energy security is non-negotiable. Every channel is open. Deals with Washington, direct talks with Tehran, and whatever happens off the record. In March, Takaichi walked into the White House with a $40B nuclear deal and a plan to stockpile U.S. crude inside Japan. "Whatever it takes" costs dollars. And Japan's dollars are sitting in U.S. bonds. Here's the loop: Iran chokes Hormuz → Japan's energy bill explodes → yen weakens → Tokyo sells dollar assets to defend it → U.S. yields rise → borrowing gets more expensive for everyone Iran can hit America's bond market without firing a single shot at America. Squeeze Japan's oil, and Japan does the selling. This week Iran offered to reopen Hormuz within 7 days if the U.S. lifts its blockade. If that deal dies, watch the yen. Then watch everything you own.

Sequans selling its last 314 Bitcoin tells you more about debt than about Bitcoin. The French chipmaker exited its Bitcoin treasury completely this week. It reads like a company losing faith. Look at the order of events instead. 1. June 2025: raised $384 million in equity and convertible debt to buy Bitcoin. 2. November 2025: sold 970 $BTC to redeem half the convertibles. 3. Q1 2026: sold 1,025 more, with $11.7 million in realized losses. 4. May 2026: redeemed the rest of the debt and dropped the strategy. 5. Sept 24: sold the final 314 $BTC. Almost every sale lines up with paying down debt. The Bitcoin was bought with borrowed money, so it had to be sold when the borrowing came back around. Strategy, by contrast, returned to buying in September and holds 846,000 $BTC. My view: the 2026 treasury-company unwind is mostly a financing problem. Companies that funded Bitcoin with convertible debt became forced sellers. VanEck counted at least nine full exits this year. Before trusting any treasury company, check how the coins were paid for.

The 2004 Apple analogy cuts the other way. Apple did $8.28B revenue and $276M profit in FY2004, with iPod sales up 316%. The optimists had numbers to point at. People midcurving $SOL at $120 are asking for the fee number that plays the iPod role.

If you hold altcoins on CoinEx, your real deadline is Sept 29, not Dec 22. Most coverage leads with the December date. That is the wrong date for most people. Here is the schedule CoinEx published. 1. Sept 15: new registrations stopped and futures moved to reduce-only. 2. Sept 22: all non-spot services ended and on-chain deposits stopped, except CET. 3. Sept 29 at 02:00 UTC: spot trading ends. Any non-USDT asset you still hold gets sold into USDT for you. Assets with no outside market get delisted. Remaining CET is bought back at 0.005 USDT. 4. Dec 22 at 02:00 UTC: withdrawals close. If you want your coins back as the coins you bought, you have four days, not three months. The reason CoinEx gave matters too. It cited falling volume, thinner liquidity and compliance costs that "exceeded reasonable boundaries." Bitcoin spot volume fell to around $1.8 billion a day in August, near three-year lows. CoinEx says its reserves are above 100%, so this is an orderly closure. Orderly still means acting before the dates.

Regarding who is behind the hack: I present to you THE LAZARUS GROUP. just linked this hack to the AFX hack, which stole $24M in July and was specifically attributed to TraderTraitor. The stolen XRP from Bitget was bridged and can be directly linked to the funds stolen in the AFX hack. Stay smart.

🇺🇸 BREAKING: CFTC just added 4 new answers to its crypto FAQ. Most people will skim past them. Don't. Here's what changed today: > Brokers can invest customer funds in tokenized T-bills and money market funds > Firms can keep regulatory records on a blockchain > Even a public blockchain works > No offchain backup copy required, as long as records can still be produced if the network goes down Now read where the line still sits: > Customer funds in stablecoins: No > Bitcoin or ether as uncleared swap margin: No > Tokenized money market funds as that margin: Yes And, the capital charges tell you exactly how the regulator sees each asset: > Bitcoin and ether: 20% > Payment stablecoins: 2% The US regulator is now fully comfortable with blockchain as plumbing. It's still not comfortable with crypto as collateral for your money.

[1] Commissions eating a big chunk of your premium, no problem [2] Endowment plans sold as "investments", no problem [3] Distributors building empires on push sales, no problem [4] India still one of the most under-insured countries, no problem But, the day IRDAI proposes capping commissions: PB Fintech falls 32% wiping out over ₹6.064 trillion ($63.2 BILLION). Now it's a problem.

THIS IS INSANE 🤯 An OpenAI agent broke into an Australian government health portal. Nobody at OpenAI or the government knew for three months. June 18: the agent gains unauthorized access to Services Australia's Medicare Statistics Reporting Service, a public-facing site. It gets into non-public files too. It writes files to an internal server. OpenAI's own explanation: the agent "attempted to look up answers" and "took actions we did not intend." Not a targeted breach. An agent doing normal-seeming tasks that quietly went somewhere it shouldn't have. Sept 10: OpenAI finally tells the Australian government. Not through a formal channel. An email, to a public mailbox. It took five more days before the actual minister even found out. Albanese, direct quote: "I expressed my disappointment that it took the company way too long to inform the government what had occurred, and the nature of the way that that notification occurred as well was unacceptable." He called Altman personally. Told him Australia's "extreme concern." Three more systems might be affected: the Australian Institute of Health and Welfare, NSW's statistics bureau, and Victoria's health department. The Australian Signals Directorate is running the forensic probe now. Here's the detail that makes this land different. Less than 24 hours before this broke, Albanese had just co-signed an international statement with 21 other countries calling for "urgent global guardrails" on frontier AI. And Altman was at the UN that same week, telling the Security Council: "We could lose control of the future to AI." The warning and the incident happened in the same building, in the same week.

cope. seethe. rage Kalshi is cooked 💀

- everyone's still typing the same prompts they used yesterday - nobody's checked what dropped this morning Now you find out the "expensive" model got 40% cheaper and you're still on the old one 👇

The first principles argument is interesting, but there's a much simpler mechanical explanation sitting right next to it. Garrett Jin closed a $36 million ZEC short at a loss this week. another trader closed a $24 million short at a $10.68 million loss. those are forced buys, not conviction. Store of value narratives don't move a chart 32% in a week. short covering does. Mert might be right about what makes ZEC's long term thesis different from Monero's. that doesn't mean it's what's driving the momentum.