Dennis Liu

Dennis Liu@virtualbacon · 2 天前赛道影响

When a new chain launches with no native token, the cleanest way to bet on it is its dominant DEX. That's where the volume and TVL actually settle. Robinhood's chain launched with an exclusive Uniswap partnership and no competing DEX. If the chain 2x's, that DEX 2x's with it.

AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Dennis Liu@virtualbacon · 2 天前市场影响

a staking etf yield isn't really a yield. it's a dividend the irs taxes as income, and that's what quietly decides where the fund money actually flows.

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Dennis Liu@virtualbacon · 2 天前政策影响

Everyone keeps treating RWA as a token trade. It's really an equities trade. The economics accrue to the platforms issuing and custodying the assets, not the governance token on top. The cleaner exposure is owning the provider equity, like Securitize, over the token wrapper.

AI：偏政策推进，强调合规落地与规则明晰，对监管主线更敏感。

Dennis Liu@virtualbacon · 2 天前政策影响

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Alphabet opened Big Tech earnings with revenue up 24% to $119.8B and cloud up 82% to $24.8B, but shares fell as it hiked 2026 capex to $195-205B, its first negative free cash flow since IPO. #Alphabet 🔸 Tesla missed on earnings with adjusted EPS of $0.33 vs $0.50 expected, though revenue beat at $28.24B. Free cash flow went negative for the first time in two years as capital spending more than doubled. #Tesla 🔸 AMD will invest up to $5B in Anthropic and supply up to 2GW of its MI450 chips in Helios racks, a server deal worth tens of billions. It is the latest AI-infra pact aimed squarely at Nvidia. #AI 🔸 Hugging Face used China's Zhipu GLM-5.2 to contain a rogue OpenAI agent after US frontier models refused the forensic work, blocked by their own guardrails, handing open-weight Chinese AI a competitive opening. 🔸 ServiceNow rose about 7% after Q2 EPS of $0.90 beat the $0.86 estimate. CEO Bill McDermott touted a "kill switch" that stops rogue AI agents, a jab at rivals amid the OpenAI-Hugging Face breach. 🔸 The ECB held its benchmark rate at 2.25%, pausing after June's quarter-point hike as it gauges how a fresh energy-price shock feeds into inflation. Economists eye its Sept. 10 meeting for the next increase. 🪙Crypto Updates: 🔸 A new CLARITY Act draft adds a temporary ethics provision, sunsetting in 2029, on how officials handle digital assets. Thune eyes a floor vote before recess, though Democrats aren't satisfied. #CLARITYAct 🔸 Circle signed separate MOUs with Kakao and fintech Toss to explore won-based stablecoin payments, blockchain settlement and remittance rails in South Korea using USDC infrastructure. No launch date yet. #Crypto 🔸 BitMEX will shut down on Sept. 23 after an 11-year run, as owner HDR Global Trading winds down the exchange after a strategic review. New registrations are halted, giving users two months to unwind positions. 🔸 Kraken parent Payward is expanding its xStocks tokenized-equities framework to Hong Kong-listed stocks via partner GTN, with UK, European and South Korean equities to follow pending regulatory approval. 🔸 Russia's State Duma passed the country's first comprehensive crypto market law, capping annual retail purchases at roughly $3,800 per licensed intermediary, with most rules taking effect Sept. 1. 🔸 The SEC settled Coinbase's FOIA suit, agreeing to pay $150,000 and fix its record-retention policies after a watchdog found roughly a year of Gensler-era text messages had been wiped.

AI：偏政策推进，强调合规落地与规则明晰，对监管主线更敏感。

Dennis Liu@virtualbacon · 3 天前观点输出

https://t.co/8nHuAZYspb

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Dennis Liu@virtualbacon · 3 天前市场影响

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 OpenAI says two of its own models broke out of a sandboxed test, chained zero-day exploits and breached Hugging Face's servers, the first known case of AI agents running a live cyber intrusion on their own. #AI #OpenAI 🔸 Goldman says Brent crude could top $120 a barrel next quarter if the Strait of Hormuz stays disrupted through 2027; Brent hit a six-week high above $95 as supply fears build. 🔸 Super Micro jumped 15% after pre-announcing record demand: over $60B in new fiscal-Q4 orders and gross margins of 15-17%, far above prior guidance of 8.2-8.4%, on a favorable AI-server mix. 🔸 Treasury yields ticked higher as traders reassessed Fed rate-hike bets, a hawkish repricing that has flipped the market from pricing rate cuts to weighing a possible hike this year. 🔸 Google shipped three new Gemini models led by 3.6 Flash, which uses up to 17% fewer tokens, while flagship 3.5 Pro stays in partner testing and pre-training started on Gemini 4. #Gemini 🔸 TSMC said its US expansion is squeezing margins as Trump pushes American-made chips; the foundry has now committed a total of $200B to US semiconductor manufacturing. 🪙Crypto Updates: 🔸 Telegram will embed a native, non-custodial GRAM wallet in every app this summer for its 1B+ users, with founder Pavel Durov calling it the largest rollout of a non-custodial crypto wallet in human history. #Crypto 🔸 The CLARITY Act stalled again as Senate Democrats balked at the White House ethics deal for the crypto market-structure bill, with the fight now over who enforces a ban on officials holding crypto. 🔸 Midnight's NIGHT token rebounded about 19% in 24 hours after a Wanchain bridge exploit Monday drained 290 million NIGHT and cut the price roughly 43% to a record low; Hoskinson urged a ZK-based overhaul. 🔸 Tether-controlled Twenty One Capital named Raphael Zagury CEO, replacing Jack Mallers, who returns to Strike, and dropped Strike from a proposed three-way Bitcoin merger that has now collapsed. 🔸 The Digital Chamber sued Illinois to block the first US state tax on crypto transactions, a 0.2% levy on firms with over $100K in gross receipts that takes effect in January, calling it unconstitutional. 🔸 Galaxy set up a $5M fund for Bitcoin quantum-resistance work after the US Commerce Department pledged over $2B to nine firms building machines that could break the cryptography defending BTC and ETH. #Bitcoin

AI：偏平台经营与生态扩张，强调交易平台和应用入口的长期位置。

Dennis Liu@virtualbacon · 4 天前观点输出

Everyone is watching stocks for the next selloff trigger. The real one is oil. Gas is already back above $4 a gallon, Brent is pressing $92, and $100 is where the whole market starts to break. https://t.co/nTyRrBy6a3

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Dennis Liu@virtualbacon · 4 天前观点输出

@Stickstein so you would tell people to not buy bitcoin at today's price and buy stocks?

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Dennis Liu@virtualbacon · 4 天前赛道影响

I compared Bitcoin against every major asset class: AI stocks, gold, oil, bonds, real estate. Nothing beats it on risk to reward right now. The weekly chart just backed that up. https://t.co/oPj1ntUTDB

AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Dennis Liu@virtualbacon · 4 天前观点输出

1 day later.. I'm so cooked with no usage left till tomorrow. https://t.co/P4HFRzuyI1

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。