matthew_sigel
0 Mengikuti
6 Pengikut
1 Disukai
0 Dibagikan
Posting
Guotai Junan Intl (1788 HK) has tripled, and turned over its entire $4B market cap, after its HK arm landed a rare license to offer crypto trading.
It’s one of just a few SFC-approved platforms with mainland roots, sparking hopes of deeper China-linked flows.
It’s one of just a few SFC-approved platforms with mainland roots, sparking hopes of deeper China-linked flows.
$KULR masih di 15x mNAV. Hindari!
Surprising Alignment in Antitrust Policy: Trump 47 and Biden
One of the more unexpected policy continuities between Trump and Biden is in antitrust enforcement.
That continuity helps explain why the stablecoin narrative is gaining momentum: There's bipartisan appetite to challenge entrenched digital infrastructure, from payments to platforms.
Case in point: A federal judge just denied Visa’s attempt to dismiss a DOJ antitrust case. The DOJ alleges Visa used its market power, handling over 60% of U.S. debit transactions, to penalize merchants who explored alternatives.
The trend isn’t isolated to finance: In 2025, the DOJ under Trump 47 continued its push against Google, advancing efforts to break up the company’s advertising technology business and proposed banning default search deals tied to Chrome and Android.
Thus, across both parties now we see a consensus to rein in gatekeepers, underscoring a core use case for stablecoins: permissionless, programmable payments that bypass legacy toll collectors.
One of the more unexpected policy continuities between Trump and Biden is in antitrust enforcement.
That continuity helps explain why the stablecoin narrative is gaining momentum: There's bipartisan appetite to challenge entrenched digital infrastructure, from payments to platforms.
Case in point: A federal judge just denied Visa’s attempt to dismiss a DOJ antitrust case. The DOJ alleges Visa used its market power, handling over 60% of U.S. debit transactions, to penalize merchants who explored alternatives.
The trend isn’t isolated to finance: In 2025, the DOJ under Trump 47 continued its push against Google, advancing efforts to break up the company’s advertising technology business and proposed banning default search deals tied to Chrome and Android.
Thus, across both parties now we see a consensus to rein in gatekeepers, underscoring a core use case for stablecoins: permissionless, programmable payments that bypass legacy toll collectors.
Tax Alpha Bukan Hanya untuk Dana Indeks
🧵
1/ Bayangkan Anda mengelola ETF yang membeli $CRCL pada IPO seharga $31. Harga meroket menjadi $300. Anda ingin mengurangi eksposur atau keluar, tetapi melakukan hal itu akan membebani pemegang saham dengan keuntungan modal yang besar.
🧵
1/ Bayangkan Anda mengelola ETF yang membeli $CRCL pada IPO seharga $31. Harga meroket menjadi $300. Anda ingin mengurangi eksposur atau keluar, tetapi melakukan hal itu akan membebani pemegang saham dengan keuntungan modal yang besar.
🚨 Texas akan mengalokasikan $10 juta untuk Bitcoin di bawah HB448, menjadi negara bagian AS pertama yang mendanai cadangan BTC melalui pembelian di pasar.
Arizona dan New Hampshire telah meloloskan undang-undang serupa tetapi tidak pernah mengalokasikan dana.
Arizona dan New Hampshire telah meloloskan undang-undang serupa tetapi tidak pernah mengalokasikan dana.
"For many, alts aren’t just about returns, they’re a form of rebellion. Even among those who have benefited from the market’s gains, there’s a lingering distrust in the institutions that helped deliver them. They view public markets and 60/40 strategies as fragile or even rigged, having come of age during the crashes of 2008 and 2020."
$CRCL sekarang menjadi bobot #1 dalam indeks VanEck $MVDAPP @ 13%, dengan posisi yang lebih kecil dalam strategi aktif.
Total kepemilikan kami sekarang melebihi milik CEO Jeremy Allaire.
Total kepemilikan kami sekarang melebihi milik CEO Jeremy Allaire.
🚨 VanEck Membunyikan Lonceng Pembukaan di Nasdaq saat Wall Street Mendalami Penerimaan Aset Digital
Kapitalisasi pasar ekuitas kripto, yang dilacak oleh indeks @MarketVector $MVDAPP dari VanEck, telah melonjak ke level tertinggi sepanjang masa sebesar $286B setelah IPO $CRCL dan reli yang menyusul.
Perbedaan mencolok dari tren kapitalisasi pasar altcoin, meskipun keduanya menghadapi pasokan yang secara teoritis tidak terbatas.
Perbedaan mencolok dari tren kapitalisasi pasar altcoin, meskipun keduanya menghadapi pasokan yang secara teoritis tidak terbatas.
France Eyes Bitcoin Mining to Cut Energy Waste and Boost Grid Stability.
"The proposal, submitted to the French National Assembly on June 12th, urges the government to examine whether Bitcoin’s energy-intensive mining process could be harnessed to absorb excess power, especially from the nuclear plants that generate the bulk of France’s electricity."
"The proposal, submitted to the French National Assembly on June 12th, urges the government to examine whether Bitcoin’s energy-intensive mining process could be harnessed to absorb excess power, especially from the nuclear plants that generate the bulk of France’s electricity."
No public BTC treasury company has traded below its Bitcoin NAV for a sustained period.
But at least one is now approaching parity.
As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near NAV, continued equity issuance can dilute rather than create value.
⚠️ That is not capital formation. It is erosion.
🧭 Companies pursuing a Bitcoin treasury strategy should adopt safeguards now, while premiums still exist. Some ideas:
1️⃣ Announce pause to ATM issuance if the stock trades below 0.95 times NAV for 10 or more trading days.
2️⃣ Prioritize buybacks when BTC appreciates, but the equity fails to reflect that value.
3️⃣ Launch a strategic review if NAV discount persists. That might include a merger, spinoff, or sunset of the BTC strategy.
💼 Executive compensation should be aligned with NAV per share growth, not with the size of the Bitcoin position or total share count. We’ve seen this movie before with the miners: persistent issuance and outsized executive pay. No need for a sequel.
🚫 Once you are trading at NAV, shareholder dilution is no longer strategic. It is extractive.
📣 Boards and shareholders should act with discipline now, while they still have the benefit of optionality.
But at least one is now approaching parity.
As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near NAV, continued equity issuance can dilute rather than create value.
⚠️ That is not capital formation. It is erosion.
🧭 Companies pursuing a Bitcoin treasury strategy should adopt safeguards now, while premiums still exist. Some ideas:
1️⃣ Announce pause to ATM issuance if the stock trades below 0.95 times NAV for 10 or more trading days.
2️⃣ Prioritize buybacks when BTC appreciates, but the equity fails to reflect that value.
3️⃣ Launch a strategic review if NAV discount persists. That might include a merger, spinoff, or sunset of the BTC strategy.
💼 Executive compensation should be aligned with NAV per share growth, not with the size of the Bitcoin position or total share count. We’ve seen this movie before with the miners: persistent issuance and outsized executive pay. No need for a sequel.
🚫 Once you are trading at NAV, shareholder dilution is no longer strategic. It is extractive.
📣 Boards and shareholders should act with discipline now, while they still have the benefit of optionality.
Berbicara dengan seorang walikota Southern kemarin yang ingin menjadi yang pertama di 🇺🇸 yang menerbitkan BitBonds.
Dia memiliki magang musim panasnya yang mengerjakannya.
Satu kendala potensial: apakah muni yang terhubung dengan Bitcoin dapat mengancam status bebas pajak federal di bawah aturan arbitrase?
Para profesional pajak, silakan berikan pendapat di bawah ⬇️
Dia memiliki magang musim panasnya yang mengerjakannya.
Satu kendala potensial: apakah muni yang terhubung dengan Bitcoin dapat mengancam status bebas pajak federal di bawah aturan arbitrase?
Para profesional pajak, silakan berikan pendapat di bawah ⬇️
$CRWV
🛒 Diam-diam membeli ~5,5% dari $APLD
✅ Memberikannya sewa AI yang besar
📈 Mengamati $APLD menggandakan
💰 Melepas seluruh sahamnya
Kerja bagus jika Anda bisa mendapatkannya.
🛒 Diam-diam membeli ~5,5% dari $APLD
✅ Memberikannya sewa AI yang besar
📈 Mengamati $APLD menggandakan
💰 Melepas seluruh sahamnya
Kerja bagus jika Anda bisa mendapatkannya.
first time I've seen $V Visa get hit hard on stablecoin-related margin pressure fears, down 6%
It's honestly impressive that Bloomberg has a full-time position dedicated to daily Bitcoin bear posting.
Masuk untuk menjelajahi konten lainnya