u/cryptic_mang

News today from the Mew York Fed’s X handle:

Trump's 2025-26 tariffs contributed 2.9 percentage points to US goods price inflation, via higher prices for imports AND domestic goods.

Without the tariffs, "goods prices would have fallen slightly." 😯

Someone is getting fired for posting this data heading into midterms 😂😂😂

So let me get this straight, just a few weeks after Dario and Sammy Altman are going on a press tour talking about how AI is going to lead to the destruction of humanity…Antropics ipo prospectus shows the following data:

• Anthropic reported a GAAP net loss of about $42 billion for 2025.

• Revenue grew roughly 12x to about $4.6 billion.

• Operating loss was about $8.06 billion.

• Compute/infrastructure spend was about $7.33 billion.

It is worth noting that Reuters stated that roughly $34 billion of the net loss was an accounting charge tied to the rising estimated value of financing that could convert into shares, not cash spent running the business.

Interesting nonetheless, could they be trying to set themselves up for a “Too big too fail” bailout?

Global debt market continues to race higher as the US 10yr clips 5.25%, levels we haven’t seen since 2007.

What makes this move today interesting, is gold and silver have simultaneously tanked…take that Peter Schiff 😂

This move has really divided investors into two camps.

1. If you think Treasury yields are headed much higher over the next 5–10 years, why aren’t you locking as much long-term, fixed financing as you possibly can? You should be scrambling to get it.

By YOUR forecast, today’s money is cheap.

I totally understand this point of view, they are essentially calling out everyone that is worried about higher yields for not believing that they are going to go much higher…bc if you did, then you should be trying to lock in long term fixed rates here.

2. The 10-year is the world’s risk-free benchmark. When it gaps this fast, every other rate: mortgages (already ~7%), auto loans, credit cards, corporate borrowing, municipal debt…reprices instantly. Duration books get crushed.

Levered players (hedge funds, some banks, pension overlays) start getting margin calls. If this keeps going toward 5.50–6.00%, you start worrying about forced selling in equities, credit, and anything that used 4% as the discount rate.

I totally understand this point as well, bc at this point, I would say the idea of a “soft landing” is not realistic.

Global energy crisis?
Yen carry trade possibly unwinding?
AI doom all over the news?

BTC said, “Cool story bro, watch this.”

Max pain for the ol bears

President Trump, have you considered threatening to fire Warsh?

Over/under this threat actually happens within the next two weeks lol

Over/under he is cold to the touch lol

Kind of crazy how American politicians have become nobles that hold their seats in government until they literally die…and then some apparently.

Well these US treasury charts look like Vlad just paired a memecoin with a digital bond and mentioned them on an interview.

Anyone doing a memecoin paired with a digital US treasury bond? Maybe cashtag WINNING

Asking for a friend.

I wonder if Trump thinks the higher the rates go, the better it is 😂

SO MUCH WINNING.

I am dying at Hunter Biden legit asking grok what to say if he does a rug pull.

But touché, it’s not like the DoJ can go after him given that our president did the same thing lol.

Fun times.

I had a busy day today trying to build a basketball hoop for my sons birthday(wayyyy harder than I thought 😂) but when I did hop on X all I kept seeing was posts about a memecoin that short squeezed a stock on the nasdaq.

As a guy that was buying GME in the $7-$12 range and have made presentations about the GME saga, I had to dive in and see what happened.

Could it be true!? Have we figured out a new way to pair a memecoin with a highly shorted stock and squeeze it!? I was Intrigued.

Farmmi is a tiny Chinese agricultural company that sells dried mushrooms (including a variety called Jinqian, or “money mushroom”) ticker (FAMMI).

Before Wednesday it was a nano-cap trading around $0.12 with a market cap of only a few million dollars, thin liquidity, and a Nasdaq minimum-bid delisting warning. Average daily volume was a few million shares.

Then…it exploded: volume hit \~720–785 million shares (roughly 90× average), the stock ran from \~$0.12 to a high of $0.50 (300%+ at the peak), then dumped hard and settled near $0.17–$0.18.

The whole TL credited the squeeze to a Robinhood memecoin. Robinhood Chain has a running trend of pairing memecoins against tokenized-stock tickers (examples include AI/NVDA-style pairs).

Someone launched an unofficial on-chain token using the FAMI ticker and paired it with JINQIAN (“money” in pinyin). Then memecoin degens decided that this coin was tied to a company that a well known crypto KOL(@RuneCrypto\_) was talking about in a tweet he had made a few days either…a*n*d they aped*.*

*The tweet read:*

*—————————————-*
*I’ve been quiet for a few days.*

*i acquired a controlling stake in a NASDAQ-listed company. $4.8M market cap, trading at $0.12/share with a crazy 92.3% short interest. $6.2M in debt against $380K ARR, everyone thinks its dead*

*it cost me $1,800,000 for 37.4% of the total shares. bought OTC over 3 weeks through two brokers so the I didn’t spike the price*

*i’m tokenizing the equity on Robinhood chain - then i’m pairing a memecoin with the tokenized stock*

*this isn’t apple or nvidia, nor even GME (which is $8B, impossible to make an effect)*

*this is a $4.8M penny stock with 92.3% short interest*

*if onchain volume creates even $500K in buy pressure on the underlying stock, that’s a massive move on a $4.8M company. $2M in buy pressure is a even more. and with 92.3% short interest, any pump triggers a squeeze*

*the memecoin community doesn’t need to buy the stock directly, they buy the memecoin, which is paired with the tokenized stock*

*volume on the memecoin flows into the tokenized stock. the tokenized stock is backed 1:1 by the real equity. demand onchain = demand on NASDAQ*

*this will be the biggest crossover story in financial history, memecoins x nasdaq*

*more details soon,*

*this is either the most insane thing anyone’s ever done in crypto*

*or the most insane thing anyone’s ever done in tradfi*
—————————————-

So the memecoin itself (ticker JINQIAN )went parabolic, running into the $40mill MC range before falling off a cliff…in a similar fashion to the underlying stock FAMMI.

# So what happened?

Well….turns out Rune was just trolling…so he comes out and says that the original post was written by Claude and the numbers were exaggerated or fabricated.

The on-chain FAMI token had no official backing or redemption mechanism into real shares; and a genuine squeeze was never feasible on a 15-employee mushroom seller.

Rather…people saw his tweet, saw the memecoin ripping and began fomoing into the actual stock in their brokerage accounts lmao. Once they saw that he said it was all fake…they all ran for the door.

Pretty eventful Wednesday if you ask me and one thing I would take away from this is people still dream about the legendary GME MOASS, and will try anything they can to reproduce it…even if it is just completely making up an AI slop post to kick it off lol.

Stay safe out there, if it seems too good to be true…it usually is.