Black Sunday for Cryptos, Black Monday for Everything Else
This past Friday (August 2nd) saw a major selloff in the markets, seemingly hit with a convergence of factors, including: There was also anecdotal evidence to add fuel to the to fire, such as the disclosure that Berkshire Hathaway had been selling stocks – including half its stake in Apple – and was now sitting […]
TRADE ALERT: Closing out WELX position
Briefly: Over the weekend the news emerged that the long awaited Mt Gox settlement payouts, which were orginally slated for October 31st, will now commence next month in July. There has always been a certain amount of FUD around this, as it will bring another 144,000 BTC supply into the market, although as we’ve covered previously. I’m […]
TRADE ALERT: Sell to CLOSE HUT Calls for 45% gain
Briefly: We’re pulling the pin the HUT call options, we’re selling: HUT 2026-Jan-16 10 Calls @$4.50We purchased them around $3.20, it makes for about a 45% gain in a little under five months. It’s a base hit, not a grand slam. Also Ether Capital is halted at the moment through its conversion into an ETF.When […]
TRADE ALERT: Putting on a leveraged long here because I’m crazy
Briefly: I was trying to get this month’s newsletter finished before the FOMC announcement in (looks at watch) 40 minutes – and in the cover letter I was going to mention that I’m putting on an irresponsible and reckless leveraged long on Bitcoin here (I’ll be using DyDx, which means I have to switch to my […]
TRADE ALERT: Buying HUT 2026-Jan-16 10 Calls
Briefly: As many of you know, HUT8 Mining was the subject of a “short report” by J Capital – a self-professed short selling company. Amid the sideways chop action in Bitcoin since the ETF approvals, and the downdraft created by this report, I believe HUT is drastically oversold and over-shorted (over 13% of the float […]
SECURITY ALERT: Do Not Use Any DeFi dApps Today (details within)
Briefly: A supply chain hack has been introduced into the DeFi ecosystem via Ledger’s Connect Kit – a software package that numerous DeFi / Web3 apps use to facilitate connections with Ledger wallets. This vulnerability does not affect Ledger wallets themselves, nor the Ledger Live management application. This affects any DeFi / Web3 app with a […]
Podcast: Dr. Marc Faber, Gloom Boom Doom
I’ve been a subscriber to Dr. Marc Faber’s Gloom Boom Doom Report for over a decade, and read his book, Tomorrow’s Gold, in the very early years of my financial self-education. So it was an honour and a thrill to sit down with him (it was after 2am his local time, apparently he works all […]
