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Well I don't know, but I hear that Texas bridges are for sale. Did you need one?

Well, apparently there were not enough lessons learned from Iron Finance. Seems there needs to be more checks in place to prevent these co-ordinated attacks by whales. This weekend will be memorable in UST's history that's for sure. In the meantime, I watched Luna drop all the way to 22... still...

In a normal world, this would be easily fixable. The Fed would simply step in, and issue free PUTs to go around for everyone.

I could be wrong, but UST was in a much worse position in early 2020 wasn't it? Didn't take long for it to repair, so it may be harder to break than we think. Nevertheless, this is interesting to watch. I missed the whole Iron Finance shit-show and had to find out after the dust had all settled.

Down to $28 now for Luna. At least she will find company with Iron Finance by the end of that death-spiral. I wonder how much Mark Cuban is going to lose on this one... or did he learn his lesson from Iron Finance?

Tomorrow is earnings day for COIN. I bit the bullet to close out a short put because I already have too many contracts laid on. Simply wanted to take off a little bit of risk just in case COIN pulls the same shit after earnings as woke CEO of Nutflix did. It's quite interesting, COIN actually...

So, over the last 24 hours... ETH down 4%, but Luna down 43% Interesting...

The guilty thing about wanting crypto to fall even more, is it will hurt the BTC donation Ukraine funds...

Microstrategy is unlikely to sell, for the same reason Bill Hwang was unwilling to sell his Viacom positions, etc. It would just further accelerate a downward spiral.

My friend Cathie said we were flying on our way to 1mm a coin in BTC land. How much longer?

Normally, in the equities market, the SEC would be right on this. But... alas. In crypto-land... anything goes I guess. I'm sure when(if) we find out which whale(s) were behind this, they will come up with some sort of story... maybe a fat-finger here, a typo-there.... you know. :sneaky:

He did help out Cathie with her ARKK back in the day. However, he's apparently got far worse issues to deal with now than margin-calls:

Arkk (and most nasdaq) is up in after-hours trading. Gold futures are down, looks like the market is debating that it may have over-reacted today.

That guy in the luna video is one of the most hated Youtubers in crypto land. He was the one that made that PoS rug-pulled 'Million-Dollar-Token' or whatever you want to call it. Remember that shit-show? Million-Dollar-Coin or something. In any case, I don't mind his video on Luna's...

Earlier tonight BTC was under 30k. I thought, there she goes! Going to be the next leg down of the liquidation cycle. Unfortunately a large wall of buyers rushed in, and now it's been propped back up over 31K. Fuck those Bulls!

Never paid attention to Anchor. Recently have been watching LUNA's deaths-spiral. Looks like she's still out of control now. A victim of a mutli-pronged attack the last few days, which managed to even de-peg it. IIRC, Luna was purchasing up massive amounts of BTC. Well, now you see why BTC has...

Looks like the price fell to pretty much the SAME pandemic fire-sale crash price of 2020. Not sure how much further that bargain will last, but my God, RIP those 'geniuses' who bought it at $490 a share! I have one question to those people... do you FINALLY see the bubble now?!

She looks more like 86 when standing next to someone who is of the typical age-group for her average investor.

Ahhh, I see ARKK has up-tick rule enforced. We don't want it to fall down too fast now do we?

I'm still puzzled how HOOD hasn't been killed off yet. As bad a rat as it is... sick and useless.... doesn't seem to be a Cat around that can finally kill it off yet. It deserves to die.