PaiCrypto

ADA rose eleven points today, touching a four-month high
It connected to a rail for paying AI
All the volume running on that rail is on other chains
That rail is called x402, created by Coinbase last year
It now operates under the Linux Foundation
Google and Visa are on its governing board
There have been 85 million transactions on Base and 67 million on Solana
Its own Masumi has processed 38,000 transactions from November 2024 through today
It collected 39,000 dollars in fees in August
The same period last year was 312,000
Even if it got all of the payments in x402’s histo

Today everyone is counting the 1.4 billion tokens scheduled to unlock
The number that can really change the market structure is in another document
The waiver letter signed on September 14 also voided the lock-up period for the 3 billion tokens held by StablecoinX
3 billion is 20% of the total supply, more than twice the size of the batch unlocking today
Before selling, they still have to provide the foundation with five business days’ written notice, and the foundation can take the tokens first at the same quoted price
What was voided today is only the restriction on paper
When it

game over 🥷

That Tesla delivery report—I’m looking at the second row.
Delivered 486,000, but produced only 464,000.
Produced 464,000, delivered 486,000.
That missing 22,000 in between came from digging units out of the warehouses.
The sellers expected 461,000 deliveries, so it beat expectations by 25,000.
It delivered 497,000 in last year’s third quarter because it rushed to get them out before the subsidies ended.
This year’s figure is even lower, yet the stock rose 5% today, touching 372.
It’s still a quarter below its 52-week high.
Production can’t pick up, so these deliveries are just in

On Thursday, a U.S. clearinghouse picked a software vendor to build an interoperability layer for on-chain deposits for 25 major banks
The contract was signed with that company
The secondary market is speculating on this stock, which went from 64 to 173 in one week
This network won’t go live until the first half of next year
Spot trading volume is only 90 million a day
Derivatives are just over 1 billion, an 11x difference
Open interest is 34 million, turning over 30 times a day
Leverage is what’s pushing this price up
The settlement costs actually saved once it goes live will

An application on Solana collected six million in fees in one day
Ethereum plus Robinhood’s chain collected less than five million
I’m betting on the second half of the altcoin run to pay back my debt on the 20th
I haven’t gotten in over the past few days, and SUI rallied 17% on its own yesterday
I admit I was wrong on this one
SOL touched 122 yesterday
Now it’s hovering at 121, an eight-month high
Eleven million in short positions were closed out here
This six million won’t reach SOL holders
DeFiLlama makes it clear: application revenue belongs to the applications
What pus

Oracle sent its landlord a force majeure notice
The reason was stated plainly: the power may not be connected
The building is in New Mexico and spans 1400 acres
It is being used to run compute for OpenAI
The project’s loans were quoted at just 89 to 91 last week, and creditors had already been selling at a discount
It is also sitting on 6640亿 in remaining performance obligations
It added 2090亿 over the year, putting its business at an all-time high
The stock fell from over 320 to 138, more than halving
It fell another more than 3% at yesterday’s close
It is not short on order

NEAR wrote the price it wanted into the contract
340,000 tokens are locked there
They only convert into real tokens once the three-day average stays above $3.33
Confidential perpetuals went live on the 17th
It closed at $3.76 that day
Now it is sitting at $4.96, while on the first day of September it was still below $2
It sells privacy and execution, with its depth borrowed from Hyperliquid
Positions are not tied to accounts, and leverage can reach 40x
I bet someone will copy this unlock schedule next month
Writing the price into the incentives is more effective than a hundre

BlackRock’s strategy went on-chain, but its name is nowhere in the fine print
The three tokens Ondo launched yesterday contain allocations managed by BlackRock
They’re only sold to people outside the United States
Ondo’s own disclosures make it clear
BlackRock only provides the strategy and has nothing else to do with it
The management fees collected by the underlying funds still flow into its pockets
ONDO was up 26% yesterday while Bitcoin stayed flat at $84,000
I didn’t have a position in that 26% gain
If it drops back to $0.45, I’ll take another look
At the current price, I’m not buying

The $18 billion deal to buy the casino fell apart on its own last night
Bidder Diller made the offer in June
He was buying the 73% of MGM that he did not already own
MGM slid from 51 to 34 over the past three months
The news landed last night, and the stock fell nearly 10% again at today’s open
As for the price, no one had believed in this deal for a long time
The bidder’s own stock also fell from 48 to 36
Part of the offer consisted of his own stock
Once the stock fell, the deal no longer penciled out
With the 10-year U.S. Treasury at 5.1%, the cost of borrowing to buy the c

Bitcoin options worth $16 billion expire at 4 p.m. tomorrow
60% are bullish bets, and they kept adding as prices rose while building their positions
The price has fallen from $87,000 yesterday to $84,000 now
These orders are becoming invalid one by one
Once the books are settled, these positions will disperse
The money that rushed into the CME list last night will wake up the fastest
I said yesterday that it was built up by a pile of news, and today it collapsed on its own
UNI gave back 10% in a day, and altcoins fell even harder
Bitcoin is down only 2%
I’m betting these long

Intel’s CEO said on stage last week that memory prices are now up five to seven times
Seventy to eighty percent of the cost of a low-end laptop is tied up in this, and projects that can’t get supplies can only be pushed back
He sells CPUs, and he’s also being squeezed by the memory shortage
Micron, the upstream supplier, closed at 1015 last Friday and is at 1081 today
This round of price increases is different from the past. Upstream suppliers have signed multiyear contracts locking in volume and prices
Prices are fixed in advance, and downstream buyers can only wait for their alloca

CME added two old coins to its futures listing yesterday
BCH and UNI
Launching on October 19, still waiting for regulatory approval
BCH surged 28% yesterday, with volume 4 times the previous day
UNI followed with a 12% jump
The market is buying the three letters CME
It has little to do with the coins themselves
This kind of volume is driven by stacked-up news, and it fades once the news cools off
I didn’t buy, and I don’t plan to buy now
I’ll wait until the contracts actually start trading on October 19
If money comes in, I’ll follow
If all that’s left is the listing, I’ll be on the short side