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Joined February 2011
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SpaceX wants 80,000 US cell tower sites for its own carrier, and after-hours already picked sides
towers: Crown Castle +9%, SBA +7%, American Tower +4%
carriers: T-Mobile -4%, Verizon -4%, AT&T -3%
in a gold rush sell shovels. in a phone war own the towers 📡
BREAKING: SpaceX, $SPCX, is seeking access to at least 80,000 US cell tower sites as it prepares to launch a nationwide wireless carrier, per Bloomberg
plot twist: the guy suing Trump and World Liberty is a Circle shareholder, suing on Circle's behalf, saying a $2B UAE-backed USD1 buy diverted business from Circle
stablecoin wars went from APY to emoluments ⚖️
WLFI still ~84% under its launch-day high 💀
This week in markets, Oct 19–22 🧵
Oil hit its highest level since May. The US 10-year yield fell 19bp in a single day. Chips cracked, and Bitcoin slipped back under the spot ETF cost basis.
Here's what happened, why, and how it all connects 👇
What I'm watching, not predicting:
• Asia's open Friday
• FOMC Oct 27–28, Bank of Canada Oct 28
• US midterms Nov 3
• Brent ~$113, US 10-year 4.95%
• BTC vs ~$81.5K and @rektcapital's $83.4K level
Not financial advice. Charts: TradingView, Yahoo, FRED. #Bitcoin #Markets
Thanks to everyone whose work fed this thread. Other good reads:
• @BitcoinMagazine: BTC dominance past 60%, hashrate at a 7-month high
• @CoinDesk: China moving to seize 61,800+ BTC
• @cryptorover: BlackRock's "managed protection" BTC ETF
Curious what @scottmelker thinks.
jensen: neocloud demand is "off the charts" but capital is scarce
chip stocks only heard the second half. SOX -6.7% today, nvidia -4.4%, and the 3x SOXL ETF -20.5%, now -73% from its 6-month high 💀
infinite demand has never once made the money infinite
everyone said miners were leaving for AI 🤖
bitcoin's 7-day avg hashrate just hit ~1,053 EH/s, highest since early March and +27% off the January low (mempool data), with btc near $81k
turns out you can pitch data centers to investors and still keep the asics running ⛏️
brent is up 3% to $112 and traders are backing OFF fed hike bets 🤔
the US 10y yield fell ~18bp to 4.96% as stocks, gold and crypto all sold. the market just picked growth scare over inflation scare
when the selloff gets bad enough, the fed stops being the villain 🏦
btc just slipped under the ~$81.5k spot ETF cost basis (glassnode's estimate) 📉
and it wasn't just crypto: gold -2.2%, silver -4.7%, nasdaq -2.4%. only oil and bonds caught a bid
digital gold vs real gold finally got settled. it's a tie, both got sold 💀
france now pays more to borrow than the US 🇫🇷
10y OAT hit 5.14%, highest since 2002 and above treasuries for the first time since 2013. moody's rating call is friday
the risk-free rate just picked up a risk premium 📉
🇫🇷 FRANCE'S 10-YEAR BOND YIELD HITS HIGHEST SINCE 2002 AS DEBT FEARS INTENSIFY
French 10-year yields surged to 5.142%, while the spread over German Bunds widened to 173 basis points — the widest since 2011.
Budget uncertainty, political instability and violent protests are fueling the selloff.
Meanwhile, investors sought safety in U.S. Treasuries, pushing 10-year yields down 7.3 bps to 5.072%.
European credit stress is also rising, with the iTraxx Crossover index hitting 329 bps, a nearly seven-month high.
central banks bought 79 tonnes of gold in august, 4x the pre-2022 pace 🏦
and they're moving it: NY fed holdings -40t, bank of england +46t (goldman)
governments just discovered "not your vault, not your gold." CT learned it from FTX in 2022 💀
