🇺🇸 FED JUST BOUGHT $20 BILLION WORTH OF 3 YEAR BONDS. DOES THIS MEANS QE AND MONEY PRINTING HAS STARTED ?
🧵 Let me explain : Fed is reinvesting not printing
The May 5 Treasury auction saw something interesting:
👉 $20.47B bought by SOMA.
People ask: "Did the Fed just start QE again?"
Let’s break it down 🧠👇
📌 What is SOMA?
SOMA = System Open Market Account
It’s the Fed’s portfolio of U.S. Treasury and agency securities.
Managed by the NY Fed, it’s used to implement monetary policy.
🛠 Why Did SOMA Buy in This Auction?
These are reinvestment purchases, not QE.
When bonds mature in the Fed’s balance sheet, SOMA reinvests the cash into new Treasury securities — to maintain its size.
⚠️ Important:
SOMA buys are:
Pre-scheduled
Non-competitive (they don’t affect pricing)
Not injecting "new money" like QE
So this $20.47B is just maintenance, not stimulus.
📊 Total Auction:
$168.7B tendered
$78.5B accepted
Of which SOMA = $20.47B (Fed)
The rest went to public investors like dealers, funds, etc.
🔍 Bottom Line:
SOMA buys doesn’t mean QE
They’re like rolling over your FD — not spending new cash, just keeping the balance alive.
Forecasting the Value of SUI for the Current Week
After a significant rally and reaching a local top of approximately $3.9, SUI price has entered a correction phase, falling below the crucial resistance level of $3.4, which was previously acting as a support. This has resulted in a short-term pullback, marked by a 7% drop in the last few days, making a reversal likely in the near future. Key support levels have been identified at $3.2 and $3, which could potentially halt the downtrend.
Despite this pullback, there has been a silver lining as SUI's trading volume continues to make higher highs, a bullish indicator. This suggests that SUI may bounce back after this correction phase, with targets set at reclaiming $3.4 as support, and then reaching for higher levels at $3.9 and $4.1.
During our most recent monthly community AMA, a community member asked for updates on Floki’s ETP listing.
Our Core Advisor, B (@100bviking), provided the following response:
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I’ll say the process is very close to being finalized.
I wish I could share more specifics, but there’s a limit to how much specific details I can share due to NDAs… to avoid jeopardizing the process.
That said, for the really curious ones here, if I were to estimate where we are in the process from start to ETF launch, I’ll say we’re well over 90%. Our partners simply need to dot the last bit of i’s and cross the last bit t’s and we’re good to go!
---
Link to full AMA:
Composite Asset Oracles:
How does @NeriteOrg handle the slight discount which @TheTNetwork's tBTC token trades at?
tBTC is backed 1:1 by BTC.
But the price floats slightly, and there's usually a slight <1% discount. Right now BTC is $94,520 vs $94,033 for each tBTC.
If we use the price of tBTC in our oracles for lending on @NeriteOrg, the slight discount will be arbitraged during stablecoin redemptions and we will leak value. We HATE leaking value.
Instead, we use an @Api3DAO oracle to get the price of both tBTC and BTC.
We choose a price deviation that we're okay with based on above data. If the price difference is within 2%, then there is no depeg happening.
Then when a redemption is happening we can use the higher price of the two, which is the real price.
These kind of small optimizations can have a huge impact on the capital efficiency of the protocol, and determine whether the whole system works or not.
web3 gaming is hilarious to me
it's a paradox - crypto companies trying to put a game skin facade over their ponzi
but they cannot and will not ever make a fun game
meanwhile counterstrike has been a popular game for decades
and the in-game trading market is about to flip the entire nft market in volume
what lessons can we learn from this?????
- crypto gaming companies, and crypto attempts at gaming are irrelevant
- gamers will only play elite games, and their loyalty to major franchises is sticky
- nfts as a technology are completely irrelevant to driving volume re: asset 'ownership' and trading
- major gaming publishers like valve get to if and when nft technology is introduced to gaming, if at all
- the gaming consumer doesn't care about nfts or crypto, actually is revolted by these things, but wants to trade video game items very much, and for a lot of $$
very interesting what's happening in cs:go right now
i'm trading items there and i don't even play the game, never have, and i signed up for a steam account to do it
interesting
very interesting
Things you might have missed, HOT TAKE EDITION:
- Stop commenting on aging women, not even your wife
- If you take out debt for a luxury, STUDENT LOANS, you need to pay them back
- Stablecoin regulation is just CBDC regulation
- If the accredited investor law is not repealed, crypto is dead, and the wealth gap carries on
$BLOCK is on pace to 100x from here
You realize that @Blockassetco has the C-Suite team from William Hill right?
@AlexisZamboglou was responsible for $2B+ in annual revenue before joining the $BLOCK team as CEO
Up 165% over the past 30 days here's why $BLOCK won't stop 👇
💵 CASH BACKS ON LOSSES
If you wager on @BlockBetGG using $BLOCK you will receive a 20% cashback on all losses and 30% on wagers above $5,000 👈 If I bet $10,000 and lose I receive $3,000 back
This means gamblers are swapping $USDT and other currencies for $BLOCK to wager which is clearly leading to BUY PRESSURE
💵 REVENUE BUY BACKS
All net revenue from the platform is being used to buy back the $BLOCK token
Feb = $115K
March = $125k
April = $136K
May = $100K IN THE FIRST 5 DAYS
Hundreds of thousands of dollars in BUY PRESSURE
And here’s what most people are missing…
If I'm betting using the $BLOCK token, which is already up 150% over the past 30 days, then my betting account has grown by 150% too 👈 So if I started the month with $10K, I’m now sitting on $25K to wager. See how powerful that is?
The flywheel is starting to spin and I think the smart ones are starting to see it 🔄