ended up closing this for a slight profit because i realised i rather free my mental cap and focus on better horses instead

opp cost a bit too high rn to sit in something that is a slow mover

GOOGLE PLAY STORE BANS UNLICENSED CRYPTO WALLETS, FORCING AML/KYC ON NON-CUSTODIAL APPS IN US AND EU: THERAGE

*NEW GOOGLE PLAY STORE POLICY NOW REQUIRES FINCEN REGISTRATION, STATE BANKING LICENSE, OR MICA LICENSE FOR NON-CUSTODIAL WALLETS

*A DE FACTO NON-CUSTODIAL WALLET BAN IN THE EU

TRADERS FULLY PRICED IN A QUARTER-POINT FED RATE CUT IN SEPTEMBER
(@WalterBloomberg)

perplexing

https://x.com/CoinbaseAssets/status/1955712358791188586

HYPERLIQUID EARNED 35% OF ALL BLOCKCHAIN REVENUE IN JULY 2025 ...

Dragonfly investor Omar said a 100 bps rate cut would slash Circle's annualized revenue by $618M (-23%), gross profit by $303M (-30%), and margins by 3.3 points, raising its valuation from 42x EV/annualized gross profit to 60.4x (~50% higher). To offset the impact, USDC supply would need to grow by $28B (44% of the current $64B). He noted rate cuts are inevitable, explaining yesterday’s ~$1.5B share sale and Circle's push to launch transaction flow monetization products like CPN and Circle Chain. — link

Robinhood reported July 2025 results: funded customers reached 26.7 million, up 2.5 million year-over-year; total platform assets hit $298 billion, up 106% year-over-year; net deposits for the month were $6.4 billion; Robinhood App crypto trading volume was $16.8 billion, up 217% year-over-year. — link

because you wouldn't think its the top yet

https://x.com/0xMerp/status/1955655023171702793