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Prosecutors Catch up to Private Credit
Together with Good Morning, Twitter investors are set for a 200% return follow Musk mergers, Anthropic and OpenAI now capture 89% of AI startup revenue, Trump concluded his China visit, McKinsey revamped its partner pay structure, and US prosecutors are investigating valuation practices at a BlackRock private credit fund. Before we dive in: Our Ramp × …
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Crypto Bill Advances in Senate
Senate committee advances crypto market bill
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New AI Billionaires on the Block
Together with Good Morning, Stephen Miran resigned as Fed governor, private credit redemptions exceeded fundraising for the first time, JPMorgan's bet on startups is paying off for tech IB, and Cerebras just minted some new Silicon Valley billionaires following the biggest tech IPO of the decade. Warmer weather means it's time for a wardrobe overhaul. …
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Crypto Wins Fed Chair
Crypto-friendly Kevin Warsh confirmed as Fed chair
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A New Era at the Fed
Together with Good Morning, JPMorgan reshuffled IB leadership in a major shake-up, Citadel threatened to fire top Hong Kong researchers if they don't relocate, the Roundhill Memory ETF is officially the fastest-growing ETF ever, and Kevin Warsh was confirmed as Fed chair in the narrowest vote in Fed chair history. Transform your sleep for the …
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JPMorgan Tokenizes Money Markets
JPMorgan launches tokenized money market fund
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Biden’s Economy
Together with Good Morning, Sam Altman's business dealings are coming under Republican scrutiny, Jensen Huang's CEO pay fell to $36M, Goldman's Japan revenue hits a 15-year high, SpaceX is eyeing global spaceports, and inflation surged to the highest in three years on spiking oil prices. Do consumers really want AI in finance? Plaid conducted a …
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Banks Fight Crypto Legislation
Bankers attempt last ditch effort to kill crypto bill
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The NACHO Trade
Together with Good Morning, The US-Iran ceasefire is on life support, Larry Fink is bullish on Venezuela, Andrew Left's criminal case is headed to trial, Trump snubbed Jensen Huang from a high-profile billionaire delegation to China, and a new 'NACHO Trade' is taking shape on Wall Street. Datasite is hosting a series of short webinars …
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BlackRock Tokenizes Money Markets
BlackRock launches tokenized money-market funds
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Liquor, Ladies, and Leverage
Together with Good Morning, Fortress' co-founder was extorted for $1B by a Chinese situationship, Greenlight's founder wants ladies in 'sexy party clothes' for his hedge fund's 30-year anniversary party, Broadcom is in talks for the biggest private credit deal ever, and US rejected Iran's latest peace offer. On a totally unrelated note, here's a thoughtful …
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Crypto Jobs Flood Wall Street
Wall Street firms post dozens of crypto jobs