REJECTEDWALL #133
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/133
PDF Document — 3 pages↓ Download PDF
Five bullet Friday - issue #98
July 09, 2021
Dear Partners,
Crypto markets shook off the negative sentiment and started surging forward in the
last week. Bitcoin has not recovered as much, but most of DeFi protocol tokens started
moving up. DeFi protocols produce passive income, therefore, there is a constant demand
for these tokens, which our fund focuses on.
1. Today the Wall Street Journal (WSJ) wrote about how junk bond yields are now less
than our inflation rate. Central banks have pushed the interest rates to such extremes that
even Junk bonds, which are bonds issued by companies with the risk of defaulting on
their debt, are yielding 0%. Investors are looking for risk-free return in these bonds, but
getting return-free risk.
2. Most people don't realize the extent to which inflation is stealing people's money.
Bitcoin is created to solve this fundamental issue. It is hidden from view on the bank
statements, but it shows up in rising prices everywhere. I see prices at the restaurants
going up steadily. If you bought US treasuries for $1 million, your broker's statement
shows $1 million is the value but its purchasing power dropped down to $440,000,
which is hidden from view.
image.png
E5tM_RSWEAcR_KX.jpg
July 09, 2021
Dear Partners,
Crypto markets shook off the negative sentiment and started surging forward in the
last week. Bitcoin has not recovered as much, but most of DeFi protocol tokens started
moving up. DeFi protocols produce passive income, therefore, there is a constant demand
for these tokens, which our fund focuses on.
1. Today the Wall Street Journal (WSJ) wrote about how junk bond yields are now less
than our inflation rate. Central banks have pushed the interest rates to such extremes that
even Junk bonds, which are bonds issued by companies with the risk of defaulting on
their debt, are yielding 0%. Investors are looking for risk-free return in these bonds, but
getting return-free risk.
2. Most people don't realize the extent to which inflation is stealing people's money.
Bitcoin is created to solve this fundamental issue. It is hidden from view on the bank
statements, but it shows up in rising prices everywhere. I see prices at the restaurants
going up steadily. If you bought US treasuries for $1 million, your broker's statement
shows $1 million is the value but its purchasing power dropped down to $440,000,
which is hidden from view.
image.png
E5tM_RSWEAcR_KX.jpg
3. I added to our Olympus DAO (OHM) position last week. As you can see from our
retained earnings spreadsheet, OHM is generating most income for us right now. We
currently hold 9468 OHM tokens. Unfortunately our Zapper Portfolio is not showing our
OHM position as these are staked at Rari Capital fuse pool. Our portfolio is
underreporting its value by close to $4 million dollars. This amount is reflected correctly
on our website, www.rosecityfund.com.
4. Olympus Dao is in the seigniorage business as a primary currency issuer. Currency
issuance is historically one of, if not the most lucrative business in the whole world. The
sole purpose of Olympus is to accrue value to the network and OHM token, unlike other
protocols that need to balance the income between stakers and users of the protocol. It
has outperformed every token in the market in the month of June.
5. This week we have collected 8639 SUSD tokens and 2856 SNX tokens as our
income. We hold 812,780 tokens of Synthetix as of now. This has produced an annual
yield of 25% for this week. I am waiting for the airdrop of the THALES token, which is
very lucrative for us.
image.png
1_oNT8qPFvA215NnyaVa6UFQ.png
E5MIvykUcAEzDuS.jpg
image.png
image.png
retained earnings spreadsheet, OHM is generating most income for us right now. We
currently hold 9468 OHM tokens. Unfortunately our Zapper Portfolio is not showing our
OHM position as these are staked at Rari Capital fuse pool. Our portfolio is
underreporting its value by close to $4 million dollars. This amount is reflected correctly
on our website, www.rosecityfund.com.
4. Olympus Dao is in the seigniorage business as a primary currency issuer. Currency
issuance is historically one of, if not the most lucrative business in the whole world. The
sole purpose of Olympus is to accrue value to the network and OHM token, unlike other
protocols that need to balance the income between stakers and users of the protocol. It
has outperformed every token in the market in the month of June.
5. This week we have collected 8639 SUSD tokens and 2856 SNX tokens as our
income. We hold 812,780 tokens of Synthetix as of now. This has produced an annual
yield of 25% for this week. I am waiting for the airdrop of the THALES token, which is
very lucrative for us.
image.png
1_oNT8qPFvA215NnyaVa6UFQ.png
E5MIvykUcAEzDuS.jpg
image.png
image.png
Crypto Market is poised for a speedy recovery. If any of you have money on the
sidelines, this is a good entry point. I personally invested $1.15 million into RCIF in the
month of June. I let my actions speak for themselves.
Have a wonderful weekend!
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
sidelines, this is a good entry point. I personally invested $1.15 million into RCIF in the
month of June. I let my actions speak for themselves.
Have a wonderful weekend!
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:13:17.000Z
SHA-256 hash3426d64bcbf782e7924da870848aeff9b1e383dc7546e538ada5f7211f291210
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