Signals
Compute is the new oil
For now, the real scarce asset is compute, not tokens.
Newsletter
Reports
Money Movement 2.0
How stablecoins are rebuilding global finance and commerce.
Digital Assets
134: Goldman invests in Layer 1
Hey, it’s Marc. Everyone’s hyping Robinhood’s “OpenAI” and “SpaceX” tokens. Let’s cut through the noise: These tokens aren’t shares. Users don’t get legal ownership and no legal protection. We’ll unpack it below. Also, this week: * U.S. approved Dinari as the first tokenised
Signals
Stocks will be tokenized
Robinhood tokenizes 200+ US stocks. This isn't just a feature; it’s a platform transition.
Digital Assets
133: Kraken vs. Paypal
Hey, it’s Marc. Visa CEO just went on CNBC to say they’ve been “preparing for this moment for years.” He was referring to stablecoins. Why now? The U.S. just passed the 𝗚𝗘𝗡𝗜𝗨𝗦 𝗔𝗰𝘁, a stablecoin bill that opens the door for banks, retailers, and fintechs to issue their own
Signals
JP Morgan's Stablecoin
JPMorgan just put real bank money on a public blockchain
Digital Assets
132: J.P. Morgan launches a stablecoin (sort of)
Hey, it’s Marc. A former Citi exec just launched Ubyx, a Visa-like clearing network for stablecoins, backed by Peter Thiel, Coinbase, and Galaxy. It aims to make stablecoins interoperable across banks, merchants, and chains like Solana and Base. [analysis] Then: We’re hosting a stablecoin event with Fintech Blueprint,
Digital Assets
Stripe's Endgame
How Stripe is building the world's first unified fiat-crypto payment stack at scale.
Newsletter
131: Stripe x Shopify x Privy =
Hey, it’s Marc. Stripe is not stopping: It acquired the wallet leader Privy and enabled millions of Shopify merchants across 34 countries to use stablecoins. Then: For over a decade, Bank of America dismissed crypto as “troubling.” Quietly, they were building the largest blockchain patent portfolio in finance. This
Digital Assets
Stripe just locked down the entire crypto stack
acquires crypto wallet leader Privy with 75M+ accounts.
Signals
Tether is not a stablecoin company
It’s quietly building the monetary operating system of the Internet.
Newsletter
130: Circle IPOs, Jamie bends and Wall Street buys in
Hey, it’s Marc. Three years ago, crypto was dead, IPOs were frozen, and Jamie Dimon called Bitcoin a fraud. This week: * Circle IPO’d, surged 4x, and is now trading at a $20B+ valuation. A business that earns a net interest margin is now trading at 146x 2024 earnings.