The $1.04M headline gets attention. The definition behind it gets mine. In its Q3 update, @turtledotxyz reported $1.04M in revenue across Turtle and Lunar Strategy, on a cash in basis and net of intercompany transactions. That revenue came from services and distribution while Turtle's liquidity tools were still being built. Capital flowing through a system and customers paying for services are two very different signals. I'm more interested in the second. https://t.co/nakSTfrbge
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