Saw this random screen cap off X, really highlights who’s really driving the attention economy on CT
All new projects cooked until further notice
Still nobody cares about last mile usability that’s why
Crypto is losing talent fast
Not because of the 24/7 culture but because of what the grind produces
Brilliant engineers ship products to zero users.
Product managers optimize apps nobody opens.
Great designers polish interfaces for protocols that die
Working hard on the wrong thing breaks people faster than working hard on the right thing ever could
Instead of new L1s, and L2s on ETH—maybe L2s on BTC is the way to go?
It’s the most likely candidate for universal adoption, seems like a relative no brainer
This SOFR thing is bigger than it seems.
Apparently, apart from the Covid crash, this number has never dropped this fast since records started getting posted online in 2018.
We’re either about to see the mother of all runs, or… we’re about to see each other next cycle.
Bullish:
- SOFR down -> cheaper to borrow -> more liquidity -> risk on
- Fed simultaneously cutting rates and ending QT
- Trump giving out $2k stimulus checks to nearly citizens soon
- S&P still on a tear all things considered
Bearish:
- SOFR dropping rapidly could be because something broke
- The one time SOFR did drop fast, all risk assets got DESTROYED immediately after
- Overall cracks maybe showing in macro
Personally, I am leaning on the side of bullish now then mega bearish later. Feel like we all know there’s some sort of bubble but there’s still some time before the music stops.
Be sure to grab a chair before it does.
THE WORLD’S MOST IMPORTANT NUMBER JUST COLLAPSED
November 6, 2025: SOFR crashed to 3.92%. The lowest level in two years. The benchmark that controls $397 trillion in global contracts just signaled something catastrophic.
This is not a rate cut. This is a liquidity flood.
THE NUMBER THAT MOVES EVERYTHING:
SOFR replaced LIBOR in 2023 as the foundation beneath derivatives, corporate loans, adjustable mortgages, and securities worth more than 15 times global GDP. When SOFR moves, $397 trillion in financial contracts reprice simultaneously.
It just fell from 4.22% on October 31 to 3.92% in six days. A 30 basis point nosedive that saves borrowers $50 billion annually but screams one word: panic!!
WHAT THE FED IS NOT SAYING:
The Federal Reserve cut rates 150 basis points year to date. Excess reserves are flooding repo markets. Overnight borrowing costs for the entire financial system collapsed to levels not seen since September 2023, when recession fears first surfaced.
Translation: The Fed sees something breaking and is throwing liquidity at it before the fractures become visible.
THE MECHANISM OF CONTAGION:
Lower SOFR slashes bank funding costs by 10 to 30 basis points immediately. Corporate loan rates drop 15 basis points. Adjustable rate mortgages reset 20 basis points lower, cutting monthly payments by $200 average.
Credit expands 2 to 5 percent. Lending accelerates. Asset prices inflate.
But here is what they are not telling you: sub-4% SOFR has preceded every major asset bubble since 2008. Cheap money does not fix broken growth. It masks it.
THE GLOBAL SPILLOVER:
Cheaper dollar funding triggers $10 billion plus in emerging market carry trade inflows. Currency volatility spikes. Foreign central banks hoard dollars. The cycle that destroyed Argentina, Turkey, and Sri Lanka restarts.
WHAT HAPPENS NEXT:
If Q4 GDP misses expectations or inflation spikes above 3.5%, SOFR reverses violently. Repo market seizures return. The 2019 overnight funding crisis replays at scale.
If the Fed holds course, credit bubbles inflate until something pops. Corporate debt. Commercial real estate. Equity multiples at 25x earnings.
THE TRUTH BURIED IN THE DATA:
SOFR is not just a rate. It is the early warning system for systemic stress. When the world’s most important number collapses this fast, it means central banks are terrified.
They are easing into a recession they cannot admit is coming.
Hold duration. Hedge via SOFR futures. Watch repo volumes like a seismograph.
The tremors started. The quake is next.
Gram retweeted
BREAKING: The odds of Jesus Christ returning before GTA VI soar to nearly 50%.
Are you ready for the second coming?
Readers added context they thought people might want to know
The market resolves to 50/50 If neither occurs by July 31, 2026, 11:59 PM ET. Bettors may simply be betting on the market resolving to 50/50 rather than on BTC actually hitting $1M before GTA 6.
If GTA 6 releases after July 31, 2026 then bettors still make money.
polymarket.com/event/what-wil…
Gram retweeted
First people said we are lagging gold then gold nukes and we do nothing
Then people said to buy the pre FOMC dip and we nuked after the rate cut even further …
If it looks like dog shit, smells like dog shit, feels like dog shit, tastes like dog shit
Chances are it’s probably dog shit
Gram retweeted
I'm sorry to report that we had to ban the entire country of France with spots of Dubai citizens.
We could not distinguish humans from CBB alts and thought it safer to go with this approach.
For the community.
