“Burn with me, heaven’s on fire”… The S&P 500 ratio of price to peak earnings reached 27.9 (over 60% above historical median), its highest level in 25 years.
But it’s fun… President Trump’s $TRUMP cryptocurrency coin (launched in January of 2025) is down 77% from launch and 92% from its all-time high. $MELANIA January 2025, down 99% and 99% from ATH. WLFI September 2024, down 64% and 69% from ATH.
DOGE you… In the largest crypto forfeiture in US history, the Department of Justice seized $15 billion in bitcoin linked to a massive Cambodian “pig-butchering” fraud ring in which victims were forced to work in a scam compound.
“That this group must somehow form a family”… Goldman Sachs is acquiring Industry Ventures for $665 million upfront plus up to $300 million in performance payments, adding $7 billion AUM, 45 employees, and deep expertise in VC secondaries to Goldman’s $540 billion alternatives platform.
Whoopsiedoodles… Paxos, PayPal’s blockchain partner, accidentally minted $300 trillion of its PYUSD stablecoin during an internal transfer, then promptly burned the excess, affirming there was no security breach and customer funds remained safe.
Oh blank… The US government asked a federal court to dismiss its criminal tax case against a cryptocurrency investor known as Bitcoin Jesus since he paid the $50 million he owed for hiding bitcoin from the IRS after renouncing his US citizenship more than a decade ago.
“I wanna rock and roll all night and party every day”… The Texas Municipal Retirement System, with $45 billion of AUM, plans to commit up to $15 billion over the next five years to global private-market co-investments alongside external fund managers.
“Everybody’s gonna move their feet, get down, everybody’s gonna leave their seat”… U.S. Bancorp launched a dedicated digital-assets group focusing on custody, tokenization, stablecoins, and payments to meet corporate demand for cheaper cross-border rails and programmable liquidity. [40 bonus points if you recognize this and the previous lyric]
#investmentbanking #technology #corporatecurrency #homecrowdadvantage #privateequity #venturecapital #castleplacement #cpgoapp
