Trading Pub – 27 Nov 25

00:23: Meeting agenda: discuss charts, Bitcoin, Astrid, and Discord questions
04:24: MSCI potentially calling for exclusion of DATs from tracker funds like S&P 500 and NASDAQ
05:32: January 15th is ruling date to determine Michael Saylor’s company classification
17:25: Market unlikely to significantly move until January 15th
19:41: 0.25% rate cut in December is almost guaranteed according to Polymarket
20:43: US government shutdown contributed to Bitcoin and market crash
21:21: S&P 500 experienced significant single-day crash, rapidly recovering to near all-time highs
21:55: Market expected to melt up before potential large collapse
22:12: Tether emerges as world’s largest independent buyer of gold and US T-bills
29:37: Tether operates with approximately 200 staff and generates 10-13 billion dollars in profit
30:25: Tether achieves approximately 50 million dollars profit per employee annually
35:10: Tether creates money from currency deposits and aggressively invests in assets like Bitcoin, gold, and land
37:17: Const executed large 1,803 Tau sell on subnet 33, impacting other subnet performances
38:01: Concerns raised about Const’s actions potentially harming Bittensor’s reputation
39:13: Const holds second-largest wallet in Bittensor with 276,000 Tau
40:04: Ongoing conversations with institutional investors about potential Bittensor investment
49:55: Astrid expects to raise 20-30 million by February through capital markets.
54:57: Investment entities struggle to fund individual companies, making a subnet + PLC structure advantageous.
57:05: Astrid PLC can leverage subnet emissions, revenue, and assets to attract capital market investments.
01:00:40: Primary mission is converting fiat into tau to support the Bittensor ecosystem.
01:01:48: Astrid aims to deploy capital profitably and avoid past investment mistakes.
01:20:21: Subnet 127 development in progress: Tech stack brief underway, six-person team targeting January liquidity sink completion.
01:21:13: Bittensor seeks in-house developer for access subnet, recently established within five rapid days.
01:23:23: Leo managing recruitment and developer sourcing
01:24:54: Speaker expresses positive sentiment about Mr. Bixby, describing him as smart and experienced
01:25:55: Speaker’s primary goal is converting fiat to Tau and distributing Tau across subnets
01:26:26: Subnet experienced price pump after influential network member’s single comment
01:27:14: Subnet team plans to have prototype ready by start of next year
01:30:22: Subnet 45 exploring liquidity strategy involving NASDAQ-listed entity and subnet owner alpha lockups
01:33:18: Speaker’s subnet strategy involves controlling buybacks and depositing funds into treasury
01:37:17: DSV currently receives low monthly inflows of $100-200k
01:42:38: Price movement depends on liquidity pool size, not just investment amount
01:45:22: Detail investors likely to exit investments if product launch is delayed
01:48:11: Investment strategies diverge: Access targets short-term ROI, Oblong plans long-term 5-8 year vision.
01:51:15: Recommended setting up limited company to potentially increase crypto on-ramping limits
01:59:42: Primary concern for Bittensor is potential prolonged price drop below $150
02:02:02: Positive financial flywheel for Bittensor activates when price stays above $600
02:03:04: Subnets receiving regular Tau buying may get chain auto-buys
02:06:40: SafeScan claims to have world’s best optical melanoma detection algorithm using HAM 10,000 benchmark
02:08:28: SafeScan has top two buybacks on the chain with approximately 90 tower daily buybacks
02:12:39: Bullish on Bitcoin despite current pullback, believes market sentiment misunderstands bigger picture
02:16:13: Recommended three subnets for long-term holding: Lead Poet, Axis, and potentially Ridges
02:20:50: Docs wallet updated with 23.7% allocation to SafeScan, bringing total to about 11.5%
02:22:15: Recommended checking tao revenue website for subnet revenue information
02:28:16: Swarm token price flat but positive in last five days with potential for chain buying
02:31:49: Best strategy for chain buying is entering when tokens are bottoming out or starting to rise
02:33:01: Swarm subnet identified as likely candidate for increased chain buying soon
02:34:05: Mr. 80 praised for quickly deploying new subnet leveraging existing PLC structure
02:37:00: 66 subnet planning 440 tower buybacks from December 1st until halving period
02:38:38: January 15th market potential and Medbots testnet deployment anticipated in upcoming week.
02:41:00: Contingency plan if January 15th is negative: Focus on subnets outperforming tao decline