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BlackRock's Bitcoin ETF Is $13 Billion Underwater

BlackRock's IBIT is sitting about $13 billion underwater on its Bitcoin holdings. Every ETH ETF is in the red. David walks through which funds bought…

18 hours ago

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Inside Pump.fun's New Bounty Platform

Pump.fun just rolled out Pump.fun Go — a bounty platform that pays you crypto for filming yourself doing… well, whatever. David on why this might act…

2 days, 18 hours ago

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Brutal Zcash Bug Sat Hidden for 4 Years

A critical bug in Zcash's Orchard shielded pool could have minted unlimited counterfeit ZEC — and it sat there for 4 years. The price has lost ~47% i…

5 days, 19 hours ago

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Crypto Still Sees Massive Returns On Par With Stocks

Everyone's saying crypto has been left behind by the stock market. David digs into the numbers — VVV outperformed SanDisk YTD, Hyperliquid beat NVIDI…

1 week ago

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Dimon & Democrats Ready for War Over CLARITY

A centrist Democratic group is spending six figures to brand the CLARITY Act as "Trump's crypto grifto." Jamie Dimon is on the same side. David walks…

1 week, 2 days ago

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When Bitcoin’s Bear Market Might End

David maps the current Bitcoin bear market against every prior one — where we are, how much longer it could run, and where the bottom could land.


FO…

1 week, 5 days ago

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A Google Engineer Made $1.2M Insider Trading on Polymarket

A Google engineer allegedly profited $1.2 million on Polymarket betting that d4vd would be Google's most-searched person of 2025 — using Google's own…

1 week, 6 days ago

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Is This $250M AI Company Fake?
Is This $250M AI Company Fake?

Polsia (AI Slop spelled backwards) just announced a $30M raise at a $250M valuation with one human employee. David thinks it's less a company, more p…

2 weeks, 1 day ago

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Hyperliquid Hits ATH, XRP ETF Flows, and a $1B Pitch to Save Ethereum | The Breakdown
Hyperliquid Hits ATH, XRP ETF Flows, and a $1B Pitch to Save Ethereum | The Breakdown

It's Bitcoin Pizza Day, and David runs through three Friday stories: Hyperliquid breaking all-time high (and why the buyback isn't really the driver)…

2 weeks, 5 days ago

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OpenAI Digs A Moat, Ethereum Foundation Loses Talent, And Polymarket’s UMA Problem | The Breakdown

David unpacks the Ethereum Foundation exits, the Polymarket / UMA Oracle dispute mess revealed by the WSJ, and OpenAI's push to sell guaranteed compu…

3 weeks ago

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