This seemed to fly under the radar lately...

https://www.wsj.com/finance/currencies/senate-investigation-finds-rampant-use-of-tethers-stablecoin-by-iranian-regime-ce652e22?st=3oy6b8&reflink=desktopwebshare_permalink

If searches require a warrant from the government, where does Flock fit in?

Growing financing obligations could compound the pain of a downturn

This is very interesting. Bessent and Trump want to issue more short term T-bills and use the proceeds to buy back longer dated T-bonds (e.g., 10Y / 30Y) which will lower the yields (this matters since the 10Y/30Y are heavy benchmarks for consumer interest rates) and obviously the more expensive the rates, the harder it is for the US to borrow.

With stablecoins, the GENIUS act would force them to hold highly liquid assets like short-term treasuries. So now the US govt would have a captive buyer. Additionally, the CLARITY act would standardize crypto regulations and hopefully spur additional investment into crypto / stablecoins, which means more stable coin reserves, thus more treasury buying.

Here's the best part:
"But Bessent has in the past cited projections that stablecoins could grow into a nearly $4 trillion market, and written that “this could lower government borrowing costs"

Tether (which is directly linked and funded by Lutnick) pays no interest if you hold USDT, and if they are the only ones buying treasuries, they keep the entire interest spread, also since Tether's users are mostly outside the US, it creates and additional level of international funding for the US government since they can hold USDT which buys treasuries without having a US bank account or brokerage.

TLDR: Bessent wants to use stablecoins as a way to fund purchases of shortterm treausry borrowing which would buy back longer duration treasury bonds which would hopefully lower yields thus lower consumer borrowing costs and also reduce the GOVT interest payments.

Cantor Fitzgerald is bringing prediction markets to Wall Street by letting institutional clients execute large, privately negotiated trades on Kalshi, with Susquehanna providing liquidity, effectively turning event contracts into a more institutional-grade asset/hedging tool.

https://www.cantor.com/cantor-commences-institutional-block-trading-in-prediction-markets/

Is there literally ANYTHING that will make the market go down? SOH is closed? Oil is down. Terrible jobs report? Market rips. Great jobs report? Market rips.

No matter how logical, well-written, and sourced your thesis is, the market will always go up and will fly in the face of any traditional logic or reason.

Even if you can predict the exact time and catalyst for when these tech companies MAYBE, just MAYBE correct down (20%) you could see this administration step in and throw money at them to beat Chyna or some other nonsense that Sam Altman et al. cry and piss and moan about to Trump.

I work in IB and everyday I read the tape or WSJ or CNBC or Zero Hedge or whatever I am ALWAYS baffled by how many clear, negative catalysts occur everyday for this country and then I check the market and the equities are ripping, treasury yields are flat or down, and life is just going on as if it's all peaches 'n cream.

I'm seriously at a loss for words.

I am a bit OOTL on this one.

Last I heard Ethan dropped it after Ian's apology and Oliver Tree's death. Then Ian and Anisa crash out saying it's still being litigated and now it appears Ian didn't fulfill his obligation to drop the lawsuit in the first place? Am I missing something?

Every evening on 9th Avenue and Irving there is a woman who stays in a little notch by that campaign office.

She is obviously troubled and has some pretty serious mood swings where she’ll watch reels or FaceTime people or draw cute little Grateful Dead bears in chalk around her. However, other times she’ll clearly be under the influence screaming at people passing by or acting erratically.

I’ve seen aid workers speak to her before but she always comes back to the same spot.

Anyone know her story?