TheStalwart

TWO THOUGHTS FROM LAST NIGHT:

1) Office landlords don't like socialism

2) Prediction markets are officially part of the news now.

From today's newsletter:

$SLG opened down 5% this morning, but it's recovered a little bit

Zohran at 79% on polymarket

$CRCL -6% pre-market. Fed's gotta cut.

We’re just to along with “Bitcoin treasury company” as a real category?

We’re just going to along with “Bitcoin treasury company” as a real category?

Here's $CRCL on every day since its IPO. Incredible run.

6/5 +168%
6/6 +29%
6/9 +7%
6/10 -8%
6/11 +10%
6/12 -9%
6/13 +25%
6/16 +13%
6/17 -1.2%
6/18 +34%
6/20 +21%

$CRCL up another 20% today

$CRCL up another 16% today

I love how everyone is getting Ong-pilled

Oh heh. Just got why the stable coin bill is called the Genius act. Fallen world.

$CRCL is up another 23% today

Here's a chart of a company that wants to be the Microstrategy of ethereum https://www.bloomberg.com/news/articles/2025-06-13/ethereum-treasury-firm-sharplink-plunges-69-on-routine-filing?srnd=homepage-americas

Markets caps for $HOOD ($64b) and $COIN ($61b) very close to each other.

Stablecoins can offer lower fees for merchants. But also they mean fewer rewards/cash back for users. But there are some efforts to incentivize crypto payments for normal transactions, like this company offering restaurant reservations/special menus for users

WSJ reports that both Amazon and Walmart have looked into issuing stablecoins. Shares of $V down nearly 5% today. https://www.wsj.com/finance/banking/walmart-amazon-stablecoin-07de2fdd?gaa_at=eafs&gaa_n=ASWzDAh_5jGmi1n6z07cXvKX6tl1uphbcHytuN5Id4Qb584nommA-gBei8rE&gaa_ts=684c4e42&gaa_sig=vvg75id9iT9TzAs_m9llFT85_edsupmQTKLGkjz_gsIf8swCG30VRSCBzplEt5Hc5b4NgZf0DRlpr5GGeghOqQ%3D%3D

JPM's Michael Cembalest has a new report out on stablecoins. https://assets.jpmprivatebank.com/content/dam/jpm-pb-aem/global/en/documents/eotm/ok-boomer.pdf

Read @JanetLorin on how the University of Texas system is raking it in with non-oil investments, including solar, wind, and even crypto infrastructure. https://www.bloomberg.com/news/features/2025-06-10/oil-rich-university-of-texas-wants-to-cash-in-on-ai-solar-wind-crypto

Big day for crypto

$CRCL is up another 22% pre-market.