@mozifinance

🚨the bid just became the offer. for three years strategy only bought. today's filing lets it sell BTC to pay its preferred dividends when that's cheaper than issuing stock. 847,363 BTC at $75,651, spot under $60k. they're not selling into strength. they're raising cash at a loss.

⁉️is the Binance era over? Binance derivatives mkt shares went from 70% market share to 35%. and it keeps sliding spot share: 60% to 38%. Bloomberg ran a piece called "Binance's grip on crypto loosens." CoinDesk's analyst said it looks "less like a temporary swing and more like a broader shift in market structure" the timeline: -2023: DOJ settlement. $4.3B fine. CZ steps down -2024: market share hits 4-year low. competitors gaining ground -2025: Hyperliquid goes from zero to 17% of Binance's monthly perp volume -2026: EU rejects their MiCA license. services shut down July 1. 200+ providers got approved. Binance didn't and then there's CZ posting photos of his dog that triggered a memecoin that lost 85%. tweeting "BNB meme szn!" which spawned a token that went up 3,400% then lost 99.2%. then telling his own community they're "guaranteed to lose money" following his tweets Hyperliquid meanwhile: 59% of all DeFi perp open interest. $873M in annual revenue. 11 employees. no regulatory drama. just volume going up every quarter to be fair Binance still has 280M registered users. OTC business grew 25% in Q1. institutional users up 14% YoY. they're still the biggest exchange on earth but the trajectory for sustained dominance isn't clear anymore. growing in OTC and institutional services, losing derivatives share every quarter, locked out of Europe, and the onchain perp market barely existed 2 years ago and maybe the most telling signal of all: CZ himself is placing bets outside Binance his venture fund YZi Labs holds a stake in Aster, a perp DEX built by former Binance employees to compete directly with Hyperliquid. he personally bought $2M in ASTER tokens. he advises the team. he posted an ASTER chart on his timeline, something he'd never done for anything besides BNB when the founder of the dominant exchange starts backing the thing designed to replace it, that tells you something about where even he thinks this is heading will Hyperliquid and the onchain perp market keep eating Binance's lunch? is Aster CZ's hedge against his own empire? or does Binance still have a move nobody sees coming?

GMOZI https://t.co/HTre5k6imn

$BTC down 53% from its high. Nikkei 225 up ~88% this year the same forces are driving both moves and not many are seeing the correlation Japan kept interest rates at zero for 30 years. couldn't raise them without breaking the economy. big funds borrowed yen for basically free and used that money to buy everything, stocks, crypto, you name it for the first time since 1995 Japan is raising rates. that cheap yen borrowing is getting more expensive. money is being pulled back. that's one of the reasons crypto is bleeding right now but it's also why Japanese stocks are ripping. rates going up means the economy is strong enough to handle it. AI chip demand is huge and Japan makes the equipment that builds every chip on earth. Warren Buffett is loaded up. corporate governance reform is forcing companies to actually pay shareholders The Nikkei just nearly doubled its 1989 bubble high. that crash took 34 years to recover from. now it's at 72,000 and most ppl aren't paying attention here on CT the traders making money in this market aren't stuck watching one chart JP225 is tradable as a perp on @mozifinance what are you trading right now, just crypto or are you looking at other markets too?

Multicoin just published a 25 page report valuing $HYPE at $319. they hold a massive position and have been accumulating all year so yes they are talking their book but the data is hard to argue with $873M revenue. $9.6B open interest. 59% of all DeFi perp market share. 99% of fees buying back the token. no VC. no preferred shareholders. the token IS the business two years ago they had zero volume against Binance. today they do 17% of Binance's monthly volume and 21% of their OI. Binance just got shut out of the EU. the gap is closing faster than anyone expected CoinShares ran their own model separately. bear case $8. base case $147. bull case $456 Multicoin compared it to BNB. they published their BNB report at $10 in 2019. BNB is $563 today. same argument: dominant exchange, token captures all revenue, market hasn't caught up yet the risk is regulation. no KYC, no geo-blocking, permissionless listings. if regulators come hard, could cause FUD. Multicoin says its manageable. $HYPE perps live on @mozifinance