Part of @unchained_pod
Newsletter by @Steven_Ehrlich
Podcast hosts: @JSeyff, @krugermacro, @joemccann, @ramahluwalia & @noelleinmadridlinktr.ee/bitsandbips Crypto TwitterJoined May 2024
š¤ Big base assets ā big upside?
@thetinyant: SOLās smaller market cap + accretive issuance + staking yield = more embedded growth premium than BTC-linked plays like MSTR š
Is this the bull case for non-BTC DATs? š„
šØ NOW: Putin says āThere is light at the end of the tunnelā
He says heās ready to meet Zelensky in Moscow if talks are well prepared and claims āan acceptable way to end the conflictā is possible if ācommon sense prevails"
Markets and geopolitics will be watching closely
Yikes!
In Tiananmen Square, Xi Jinping hailed an āunstoppableā China before a parade of hypersonic missiles and new PLA units
At his side: Putin and Kim
Trump fired back: āPlease give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The Unitedā¦
Japanās Metaplanet ā now the 6th largest public BTC holder ā faces a funding crunch
Shareholders approved an $884M raise as its stock āflywheelā financing slows
The company still added 1,009 BTC, hitting 20,000 BTC in reserves
But the road to 210k BTC by 2027 is lookingā¦
All eyes on Fridayās jobs data
Economists see just 75k new jobs in August and unemployment ticking up to 4.3%āa near 4-year high
Four straight months under 100k payrolls = weakest stretch since 2020
The Fed now faces a brutal September call: cut rates or risk higherā¦
Xi Jinpingās message in Tianjin was clear: China wants to challenge the US-led global order
He rallied Russia, India & others to back a āmore justā governance system, announced plans for an SCO bank, and recast WWII history with China at the center
This is Beijingās counter toā¦
U.S. stocks are now more expensive than at the peak of the dot-com bubble
S&P 500 trades at 3.23x sales ā a record
And just 10 companies now make up nearly 40% of the index, the highest concentration ever
What happens if the music stops?
Every cycle has its craze. Right now, itās crypto treasury companies
Theyāve raised $22B this year alone, turning balance sheets into leveraged bets on crypto
The twist? Theyāre no longer just HODLingā¦
a thread on what could go wrong š§µ
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3K Followers 948 FollowingExecutive Director @ stealth crypto foundation // Ex @HeroAiSearch // Entrepreneur w exit to @animocabrands // Ex Partner @ https://t.co/L09k3K06dZ
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77 Followers 628 FollowingBe humble & resilient / A new runneršš»āāļøāā”ļø/ A crypto newbie and her notesš šfor personal learning and reference only
292 Followers 417 FollowingI had to make a new account because my premium account, @k_zilla67, got suspended and X refuses to address my appeal. No explanation why I got suspended!
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