just a reverse stock split so Sol Strategies can list on Nasdaq

Core Scientific shareholders balk at terms of CoreWeave merger offer: FT Financial Times reports several major shareholders planning to vote against the deal unless terms are improved.

China showing that inflation isn’t the only way to soft-default. You can just hike taxes on your lenders. This is a country with an A/A+ credit rating at the moment.

Sell-side still using 8% WACC and Earth-only TAM.

Buyer Beware: Nothing in fiat is permanent. China will start taxing bond interest next week. Old bonds stay tax-free. New ones don’t. Decades of precedent reversed overnight.

Google just signed a demand response deal with Indiana Michigan Power. Today’s hyperscalers want middlemen to resell them “clean” power, ideally with a renewable label or a grift fee to greenwash it. But they're learning. One day they might just mine the Bitcoin themselves.

✅ Confirmed $CMPO

This is a trend I have been watching for a while, but I don't think it means what the first impression implies (e.g. crypto is becoming less popular). Instead, I would say this: Banks have a talent problem. What I am seeing is a giant sucking sound of talent out of banks. Essentially, anyone who is an intern that cares about crypto and technology just doesn't go to a bank at all now. Those who believe in the space are simply going there. The banks don't get a look. I talk to multiple banks and the absolutely incorrect and insane takes I still get from people who work there (90% of bitcoin holders are criminals, Tether doesn't have reserves and it's all fake, deposit tokens are less risky than t-bills, etc.) show you that none of these people have ever worked in the space because many of the things they are saying are demonstrably false. Or, hilariously (as I pointed out to someone at a large bank who said the BTC thing to me), they are saying tons of their own clients (who own BTC ETFs) are criminals and thus the bank itself is committing massive AML/KYC violations knowingly? It's a mess. But what is happening is young people hate banks, and the banks are increasingly out of touch with what is going on, moving from 1 generation to 2 generations to 3 generations behind on their understanding of technology. That is what ultimately will have to be fixed by many banks, or they will eventually die off, living in a world (like late night TV) where every year, the average customer gets one year older, until there are no customers left...

>Spent the whole summer inside the machine. >Thinks savings accounts are investments, deserving of a 43% allocation. Fiat summer, brought to you by your global systemically important bank.

Only 12% of Morgan Stanley EU interns this summer own Bitcoin, down from 63% in 2022.