Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era. Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment. Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028. By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.

비트마인 기관 보유량 폭발중 7월~8월만해도 기관 보유가 거의 보이지않지만, 10월부터 급격히 증가, 11월에는 기관 보유량이 두 배 이상으로 폭증했네요. $BMNR

🚨긴급속보/ 중요 최근 일론 머스크가 #이더리움 의 창시자 비탈릭의 글들을 재게시를 하네요 ㄷㄷ 😨 XAi + 테슬라 x 이더리움 콜라보,, 나와주나요?

Truth

🚨 BREAKING: J.P. MORGAN HAS TAKEN AN 8.1% STAKE IN $HIMS

한 기업에 투자를 시작하면 그 기업에 본질을 벗어난 이슈에는 최대한 둔하려고 노력하는 편입니다. 이 분께 배웠습니다. 지금은 이 생태계의 가치를 이해하고, 배우며, 미래를 상상하는 투자자가 되고 싶네요. 이것들에 열중하다보면, 왠지 투자의 결과는 자연스레 따라올 것 같습니다. $bmnr

Ethereum $ETH and crypto are highly volatile assets because the forward growth curve is so enormous The best years are still ahead …so please don’t lose your head Tom Lee @fundstrat, gentleman and scholar 🧐, is Chairman of Bitmine Ticker: $BMNR @BitMNR

Nebius Group NV $NBIS will release its third quarter 2025 financial results on Tuesday, November 11, 2025, before market open. nebius.com/newsroom/nebius-g…

I enjoyed my convo with @APompliano We covered a wide range of topics: - why AI is not a bubble - why this is the ‘most hated V-shaped’ rally - why Bitcoin and Ethereum are central characters in the future of finance and AI @fs_insight @FundstratCap @BitMNR Tickers: $BMNR $GRNY

$BMNR This was a fair question. Bitmine, like other DATs is essentially a levered bet on the underlying holdings. That bet for Bitmine specifically is that they can continue to trade above their marketable net asset value (mNAV) on a fairly regular basis, and sell shares at a premium to buy $ETH. But that's every $ETH DAT's dream, with minor flavor differences. Why is Bitmine special? Because these types of plays consolidate, which we've already seen with $MSTR, and we're also seeing with $BMNR, as I expected. For while, $SBET looked like it could possibly be that name (and it still could create a strong duopoly for $ETH treasuries), but Bitmine has captured that and established themselves as that best vehicle. Why is this important? Liquidity and inflows. Selling shares in an illiquid vehicle is really inefficient at best. Bitmine is one of the more liquid stocks. Inflows contribute to this, both from institutions (many of which cannot invest in $ETH directly), and from retail, both who know and trust Tom Lee. That's the Bitmine thesis: not that @fundstrat is a God, but that they're positioned to benefit more from Retail + Institutional inflows than every other competitor, leveraging that to buy more $ETH / share for shareholders. Strategically and philosophically, there are other differences, but this is the big one.

ETH is deemed collateral by the largest and most powerful bank in the world ➡️ JPMorgan $JPM They will allow clients to borrow against their $ETH Tom Lee @fundstrat, gentleman and scholar 🧐, is Chairman of Bitmine Ticker: $BMNR @BitMNR

JPMorgan Upgrades $COIN to Overweight from Neutral, Raises PT to $404.00 from $342.00 Analyst comments: "We are upgrading Coinbase to Overweight as we look ahead to emerging monetization opportunities and abating risks at what we see as an attractive valuation versus cryptocurrency peers. In particular, we call out two opportunities we see Coinbase as exploring, which could be meaningful to Coinbase equity value. We see Coinbase exploring a Base token, which we believe could accelerate the growth of development on the Base blockchain while enabling Coinbase to equitize the success in what is the largest Layer 2 on multiple metrics. We also see Coinbase further exploring its USDC payouts. We currently estimate Coinbase pays in excess of $1.00 per share (excluding the higher payout for Coinbase One accounts, which we expect will persist), indicating that client segmentation could be substantially additive to EPS should Coinbase choose to move in this direction. We are launching our 2027 estimates and establishing a December 2026 price target of $404." Analyst: Kenneth Worthington

sora roadmap update: in the spirit of building this app openly, here's what we're landing soon. first, more creation tools. character cameos are coming in the next few days: you'll be able to cameo your dog, guinea pig, favorite stuffed toy, and pretty much anything else you want. you can also create cameos of generated characters straight from your sora videos. we're expecting people to register lots of crazy new cameos with this feature. to make them easier to find, we're updating the generation UI to show the latest trending cameos in real time. we're also adding basic video editing capabilities to the app, starting with stitching together multiple clips, and we'll add very powerful new features here soon. second, we're working on making the social experience much better. we are exploring new ways to use sora with your friends (versus just a global feed) and broader community. think channels that are specific to your university, company, sports club, etc. third, quality of life. the feed has quietly gotten much better recently, and there are more improvements on the way soon (shoutout to @turtlesoupy and team!). team is hard at work continuing to reduce excessive moderation of gens (we know it's super annoying). we're also working to increase the overall performance of the app to feel snappier everywhere. finally, the android version of sora is actually coming soon. please keep giving us feedback!

Yesterday I told you it was time for the great rotation from gold into bitcoin. Today the rotation started. (h/t @Ashcryptoreal)

캄보디아 사기단 피해자 감금 내부 영상

A packed gold and silver bullion dealer in Singapore at 6:30 PM on a Friday night…