Odaily Editorial Tea Club (17 June)

This is an "unofficial" column from within the Odaily Editorial Department. Here, the authors share instant thoughts and perspectives about industry news, data, hotspot events and the details of their margins; develop investment ideas and opportunities that are still being validated – not necessarily direct wealth codes, but simply problems themselves; share observations gained during exchanges with industry practitioners; and materials that actually raise our awareness, both internally and externally。

This column is based on the real investment and observation experience of Odaily editorial staff, does not accept any form of commercial advertising and does not constitute an investment proposal (after all, we have the same experience of losing money). Its purpose is simply to broaden its perspective and to supplement its sources, not to create consensus. Welcome to the Odaily CommunityTelegram  communication GroupI don't knowX official account numberWe'll talk, question, we'll stick together。

Azuma (@azuma eth)

Brief description:Food. Learn more

Share:1. More recently than in the previous period, there has been a slightly higher frequency of operations. Crypto here took advantage of the fall of the previous few days (predominantly the BTC), but the overall position was high (6.2-6.6), so there was little profit; there was a small build-up of HOOD in the US stock, which had been written two days before the logic; and there was a World Cup in the forecast market, while the small high frequency (high frequency (high-frequency) (which was working on a new tool, felt good for a while, recommended for a few days) + large low frequency (low-frequency) was active。

The most imaginative narrative of Hyperliquid was the construction of a multi-type asset trading ecology around HIP-3, but now trade.xyz is the only one in the HIP-3 project, where Felix, Ventuals successively shut down ... The excessive HYPE prices have in fact become an obstacle to the expansion of the HIP-3 blueprint (the construction of 500,000 HYPE pledge requirements in a defined market at current prices). Previously, the good idea of the market was “Hyperliquid + Numerous self-defined markets”, but now it is “Hyperliquid + trade.xyz”, and if the upper market is solidified to have only a trade.xyz, it is clear that neither the user's radiation nor the prospective imagination is in line with previous market expectations。

Suzz (@aidongshoopai)

Brief description:Just sold Hercules

Share:Markets will never be short of opportunities, but they will always be scarce and sober. Capital markets are always mobile and the situation does not end when one opportunity is missed. The short-line spikes today, the missing windfronts and the missing bottom lines are just one of the few opportunities in the market. The market was running day after day, and the new and old issues were being rotated and the cycle was falling, and the next opportunity was soon to come. Investment does not have to capture each and every one of them, but we just need to grasp our own perceived, risk-controlled opportunities. Obsessed by the loss of opportunities and by anxiety, the greatest trap in investment itself. Instead of stepping on the inside, you should settle yourself, raise your awareness and wait for your next chance。

In addition to that, I've replayed the past trade history and found an interesting phenomenon: When we look back from a posteriori perspective, it is easy to find high-quality opportunities everywhere. Looking back at the markets last year, last month and even a few weeks ago, we can always see clearly which are the targets of the low position, which tracks are about to break out, and which are worthy of being taken seriously, as if they were all opportunities for profit available everywhere。

But in a “back-of-the-horizon” mentality, the market is always seen behind the scenes, and now it is lost. In fact, it is a phenomenon that attests to a central truth: there are countless opportunities in history, and they have never been missed. The opportunities of the past have never disappeared, except that at the time, we were insufficiently aware, impatient, unidentifiable and unconvinced; by the same token, at this point in time, the markets still hold numerous investment opportunities at different levels and at different levels of risk。

golem (@web3 golem)

Brief description:i'm sorry

Share:On June 16, SpaceX announced the acquisition of the parent company, Anyshere, of the AI programming tool Cursor at $60 billion. The acquisition was essentially for each other, and Mask needed Cursor's developer data to train his own AI Grock model, and Anyshe needed the huge math behind SpaceX to support the training of its own AI model Composer against the former partner Anthropic model。

However, apart from the strategic significance for both parties, one of the easy-to-neglect details of the acquisition was the impact on SpaceX stock prices, as Mask did not spend a penny, and Cursor's funds were all paid out of SpaceX's regular A shares。

According to the SEC file, SpaceX, through its wholly-owned subsidiary X67 Inc., merged with Anysphere, and X67 Inc. will be incorporated into Anysphere, Cursor as a fully-owned subsidiary of SpaceX as a continuing entity. Upon completion of the merger, All regular and priority shares of Anysphere will be converted to regular units of SpaceX A, with exchange rates based on the weighted average of the trade value of seven consecutive transaction days prior to delivery。

It is clear that in this acquisition, Muskete took a much larger advantage, paying for spaceX shares in such a way as to allow Musker to take advantage of the very high market value of the company at the present stage and give way to a relatively small shareholding to complete the acquisition, so the actual cost of the acquisition is much lower, and most of it is for foams

So here's the point. By June 16, the parties had signed a merger agreement, and only three trading days had passed before SpaceX was on the market, so the earliest exchange of shares would also take place next week. In order to complete the acquisition at a cheaper price and with less equity, will the “Maske Group” proactively stabilize SpaceX's volume and market value

OF COURSE, THERE IS NO STRONG CAUSAL LINK BETWEEN THE TWO, BUT AS AN ANALYTICAL GUESS THAT AFFECTS SAPX STOCK PRICES。

The price of SAPX is now driven mainly by market sentiment, and according to Vanda Track data these days, SpaceX is still one of the most popular shares of diaspora finance, with the net inflow of all the United States stock for many days. But the passion of the diaspora will inevitably recede, and “belief” will not be priceless, and by that time institutions will need to be the main force in stabilizing SPCX prices as a junction。

Wenser (@wenser2010)

Brief description:Tea boy, encryption party, media observers

Share:1. BTC, with a small rebound, the situation in the country has eased and is still on the rise, with 6w8-6w9 considering opening open water

2. SpaceX IPO ended, but the closing was not stable on the same day at the market value of $2.2 trillion, a loss of anger of 10 U, but saw more than 250 after entering the finger in July

3. AMONG THE SMALL WATER TESTS FOR THE WORLD CUP, THE FIRST TWO DAYS OF THE GROUP WERE COLD OR FLAT, ESPECIALLY IN THE SPANISH VS CAPE VERDE 0:0 GAME, WHERE A LARGE NUMBER OF PEOPLE WERE ESTIMATED TO HAVE JUMPED, AND IN WHICH THE SUCCESS RATE WAS STILL HIGH, AND FRANCE, ARGENTINA, GERMANY AND NORWAY WERE NOW WELL PLACED TO FOCUS ATTENTION。

4. The Japanese-Korean stock market continues to rise, and the trend towards the persistence of the strong remains evident. The next landmark event is the Fed ' s interest rate hike or anthropic/OpenAI IPO, another of the largest IPOs in history after the personal belief that Anthropic is expected to hit SpaceX, with a market value even rising to US$ 2-3 trillion. It's a good idea to see the "AI Industries and Real Estates" post shared by friends over the last two days。

Qin Xiaofeng (@QinXiaofeng888)

Brief description:Presumptuous lover, Meme

Share:On the operational side, last week, HYPE fell 56 left dollars to do more right-hand silos, and it was sold after $70. Selling is not bad, but in the short term it is considered difficult to make a big breakthrough, but in the long run, $50-60 will become an important support area where the follow-up plan continues to buy, for two reasons: the wave of chain-to-chain transactions in traditional assets, Hyperliquid has almost achieved the greatest dividends, the cost of processing continues to rise, and the volume of HYPE buy-backs has increased sharply, with the average monthly buy-backs of the last six months exceeding $6 million. What needs to be explained is that:Hyperliquid  Platform 97-99 per cent of transaction fee revenue is directly used to repurchase HYPE in the open market, and there should be no exchange that does so at this time, the largest growth wheel。THE SECOND REASON IS THE CUMULATIVE NET INFLOW OF $180 MILLION AFTER THE LISTING OF THE HYPE SPOT ETF, WITH A DAILY AVERAGE NET INFLOW OF $7.5 MILLION, AND THE APPARENT PREFERENCE OF TRADITIONAL FUNDS FOR THE HYPE, WHICH HAS NOT BEEN TREATED SINCE THE LISTING OF OTHER ENCRYPTED ETFS。

With regard to ETH, there is now a very strange situation in the market, where purely encrypted investors are disappointed with ETH — because prices have been very high over the past few years, resulting in lost opportunity costs; traditional investors, especially Wall Streeters, represented by Tom Lee, are still adding to ETH, which they consider to be an undervalued “Amazon”. No one can be persuaded by either side, so leave it to him. Personally, I think that ETH is really falling to the "bucket price," and you're getting in a car now lower than Bitmine。