$1.8 Billion in Revenue Is Real, But Don’t Rush to Shout “We’re Taking Off”—Separate Nominal Trading Volume from Actual Capital Deployed

GM, let’s talk about something sobering today. Polymarket’s annualized revenue has topped $1.8 billion, and its U.S. platform logged $14.5 billion in nominal trading volume in October. As soon as the numbers came out, everyone was shouting, “Prediction markets are taking off.” But guys, as traders, the last thing we want is to be dazzled by surface-level numbers.

Let’s break down that $1.8 billion. Annualized revenue of $1.8 billion works out to about $150

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The quality of $10 billion in revenue matters far more than the $10 billion figure itself

OpenAI's Q3 revenue was $10 billion, up nearly 50% quarter over quarter, or around $50 billion annualized. That growth rate is astounding in any industry. But the same investor document contains another figure: adjusted operating losses widened from $10.1 billion in Q2 to $10.9 billion in Q3, with a loss margin of around -109%.

“Losing $1.09 for every $1 earned” is not a figure of speech; it is literal.

But there is an easily overlooked detail here: Q2's loss margin was -150%, narrowing to -109% in Q3.

Phase: As gold and silver prices pull back, retail investors are starting to exit. But prices haven’t reached historical lows yet, so they’ve most likely not bottomed out. I’ll wait until retail investors have mostly exited and will provide timely updates. The long-term bottom is expected around the end of this year or early next year.

A Huawei employee’s WeChat Moments post—what level is this?

$BTC
After retreating from its high and probing a low of 72,690, the market entered a low-level sideways recovery, leaving many traders trapped in this downturn.
When trapped in a position, it’s easy to lose your rhythm: afraid to act as prices fall, reluctant to exit on a rebound, and suffering more the longer you hold on. After a sharp drop, two things are especially risky during a low-level consolidation: blindly adding to your position to lower your average cost, and panic-selling at the bottom.
The right approach depends entirely on your leverage and position size: with high leverage, pr

Four sessions running, more money has left US spot $BTC funds than came in. On Nov 10, IBIT alone saw -$78.2M of the group's -$95.0M, and the last five sessions come to -$1.06B.

【Today’s KOL Performance Rankings】btcsos signal feed has 1040 signals, with 316 settled (68 hits / 248 stop-losses). Top-ranked BlockchainBaller: 13 settled, 4 hits, simulated returns of +8195%. See the image for the full rankings; data is updated live from the KOL signal feed. By the way, last time (11-11), saniatg9 topped the rankings (+6869%); this time BlockchainBaller has taken the lead#Visa新增Monad结算网络，稳定币年化规模超250亿美元 MON +1.03% V +0.28%

This post reached me through Creator Wire, one of the rails in this story.
In Q3, @turtledotxyz named its first two outside businesses on its tools: Hare by GSR and Lunar Strategy.
That is demand you can point to, not just a revenue line.
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Model Companies or the Value Chain? My Answer Lies in “Who Has Pricing Power”

The user is asking, “Would you rather focus on model companies like OpenAI, or value-chain companies like NVIDIA and Microsoft?” If you approach this question only from the perspective of “being bullish on AI,” the answer would be “buy both.” But capital and risk tolerance are limited, so you have to rank them.

First, consider valuation metrics. OpenAI’s implied price-to-sales ratio in its Q3 private funding round was about 35.5x, while Anthropic’s was about 20.5x. But these are run-rate figures in the private mark

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Sharing the strategy live
The market also staged a recovery tonight
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#美国10月CPI全面超预期

Thoughts on #GRAM:
the-open-network:native has staged a news-driven impulsive breakout above the upper descending trendline of its 4-hour descending broadening wedge, supported by a strong influx of volume.
the-open-network:native has reclaimed the entire exponential moving average stack in a single expansion leg, pushing past the 55 EMA, 100 EMA, and 200 EMA. Maintaining a 4-hour close above the 200 EMA confirms bullish continuation, setting up a target expansion move toward the $1.38–$1.40 liquidity zone.

The limit short near 74100 has just moved 600 points in our favor; those with large positions should remember to reduce them a bit!

everytime i look at the $near chart

Keep it steady, brothers! We still gotta eat! Follow Ah Gui all the way to the other side, okay, brothers! $ETH ‌$BTC

OPERATION RED SPARROW
Mission Impossible

Guys! Ah Gui's little hideout is being set up, with random drop locations inside, 🧧, and merch! $BTC

#英伟达# RSI is oversold. The last time it was oversold was at the low on 2025.04.07, triggered by global tariffs.
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Let's see if this oversold reading marks a bottom. ​​​​