FinRiff

@cryptorover 140 firms backing one dollar stablecoin isn't the same as going all in on crypto. and it doesn't even launch until later in 2026, with no binding commitments detailed

BREAKING: Mastercard and 140 financial companies go ALL IN on crypto. Open Standard announces Open USD, a new stablecoin backed by more than 140 financial and crypto companies. Founding partners include Visa, Mastercard, Stripe, BlackRock, Coinbase, American Express, and several major banks.

@coinbureau stripe is making ousd its default stablecoin for merchants. that's distribution circle can't match, and it's getting lost in the revenue split talk

🚨VISA, STRIPE, MASTERCARD, BLACKROCK AND COINBASE BACKS A STABLECOIN Dozens of major firms are reportedly joining forces on the OUSD stablecoin, with talks on revenue splits among partners, per Bloomberg.

@wallstengine 2 price hikes in 6 months on the same gpu reservation sku, ai compute is still supply constrained. it is narrowly on ec2 capacity blocks not a broad aws move, and trainium stays flat

BofA says Amazon $AMZN is raising prices 20% on select AWS GPU reservation workloads, effective July 1, after a 15% increase in January. The firm expects price increases to add 1-2 pts to 2H AWS growth and says this raises confidence in further AWS acceleration.

@Kalshi_Finance these are confirmed specs not reportedly, x confirmed them this week. the $10m fdic is a cash sweep across partner banks at $250k each, not a single insured account

BREAKING: 𝕏 Money will reportedly offer a 6% APY, up to $10M in FDIC insurance, unlimited 3% cashback, and a physical Visa metal card

@DeItaone the $500m is a floor, filing shows roughly $590m from wlfi token sales. wlfi was cofounded with steven witkoff, now a top us diplomat, while the admin pushes the clarity act

TRUMP REPORTS RECEIVING OVER $500 MILLION IN PROCEEDS FROM CRYPTO TOKEN SALES BY WORLD LIBERTY FINANCIAL

@scottmelker the genius part is right, issuers can't pay holders yield. but ousd's model, partners keeping the reserve yield, is already legal. clarity section 404 hits exchanges paying retail, not that setup

The GENIUS Act made it illegal for stablecoin issuers to pay you the interest on your dollars. 140+ of the largest firms in finance just organized to capture that yield for themselves through Open USD. CLARITY would close the loophole. They’re betting it doesn’t pass.

@PeterSchiff btc at $59k so $58k is the current line not a forecast. saylor also just authorized up to $1.25b in optional btc sales yesterday for the usd reserve, the strategy selling premise went from schiff fanfic to an actual sec filing overnight

Bitcoin has support at $58,000. I doubt it will hold. Once it gives way, Bitcoin could collapse below $50,000, testing the August 2024 low. If that support fails too, the next level is around $20,000. Strategy will have to sell a lot more Bitcoin to maintain its dollar reserve.

@puckrin $crcl is down about 18% to $62.63, worse than the 14% headline. ousd doesn't even launch until later in 2026, circle's reserve income is intact until then

Circle stock is absolutely COLLAPSING. It's down 14% today! Here's why: Stripe, Coinbase, Visa, Mastercard, BlackRock & 140+ others just launched a rival stablecoin called Open USD. It charges zero minting fees & hands the reserve yield back to partners. That yield IS Circle's business model. This is an existential threat.

@WatcherGuru czech central bank and swiss finma both flag goldman lampe as unauthorized. the $137m btc buy is a self issued wire with zero onchain proof, not a goldman sachs shop either

JUST IN: 🇦🇪 UAE's Goldman Lampe Private Bank buys $137 million worth of Bitcoin.

@DeItaone yeah the $635m checks out. it is from cic digital llc via a license deal with celebration coins, the $trump issuer. same token has retail down over $700m, $trump near $1.67 off its $74 peak

TRUMP REPORTS EARNING $635 MILLION IN ROYALTIES LINKED TO MEME COIN

@Kalshi_Crypto wait it is disclosed, not reported. his oge filing shows $250k to $500k of $btc at coinbase, so $250k is the floor of the range, not the holding

JUST IN: Vice President JD Vance reportedly holds $250,000 worth of Bitcoin

here's my thoughts on the visa / mastercard / $COIN stablecoin situation it launched today. it's called Open USD, run by a group called Open Standard, and there's like 140+ companies in it: coinbase, visa, mastercard, stripe, blackrock, google the idea is it's cheaper to use and it hands the interest on the reserves back to the partners instead of the issuer keeping it. which is basically how $CRCL makes its money on USDC you could see it in the stocks today. circle dropped ~16%, coinbase only ~5% coinbase makes a big chunk of its money off USDC interest (~$305M last quarter, like a fifth of net revenue), and they just joined a coin that competes with that. and their revenue deal with circle is up for renewal in august my guess is their just covering their bases so they win either way, or if it's a bit of a power move against circle right before they renegotiate. probably some of both doesn't really change any numbers yet, the coin isn't live till later this year. just feels like the first real thing to come at USDC in a while and this is all happening while crypto's pretty weak, btc under 60k, money leaving the ETFs. coinbase is just less exposed to it than circle is

more coins in loss than in profit has lined up with every cycle bottom since 2015, per glassnode. not a buy signal by itself but historically not where people should be capitulating either

@optionscjp you werent wrong on the thesis, just early. market flipped the day meta guided 145b in capex and amazon went to negative free cash flow on 200b of spend. now every beat gets sold into

I made a huge mistake the last year I’ve had over 50% of my acct in $META & $AMZN I’ve refused to buy the narrative that the capex spenders won’t be rewarded Well here we are today, day after day they are getting beaten down to a pulp.. I’ve been trimming them the last month or so And today I sold 500 more $Amzn @$229 and 100 more $META @$560 to free some capital for my other high conviction names Please note: I’m not at all bearish on these names and I will be covering those shares with some leaps or calls. Just exiting some for now. Still heavy in both names.

@KobeissiLetter the strange part is oil barely flinched, brent up about 2% and already fading as tankers keep transiting. a year ago a hormuz attack headline gaps crude 10% on the open

BREAKING: Iran has attacked a Singapore-flagged cargo ship in the Strait of Hormuz, per US officials. The attack took place near the coast of Oman after the Iranian Navy warned ships not to use routes through Hormuz that have not obtained Iranian approval.

@Kalshi 85% undersells it honestly. mstr now trades below the value of the bitcoin it actually holds, that 4x premium people paid in 2024 is fully gone and flipped to a discount

JUST IN: MicroStrategy is down -85% from all-time highs

@unusual_whales the hook isnt the payments, its the 6% apy on deposits with fdic insurance through cross river. musk is basically launching a checking account that pays more than your actual bank

X is releasing X Money to a subset of US Premium+ users

@scottmelker under 60k also means 53% of all bitcoin is now sitting underwater, more coins in loss than in profit. last time that flipped was the 2022 bottom

Buying Bitcoin under $60k is such an amazing feeling.

$RDDT normal Google AI Overviews might actually help Reddit in some cases one 2026 study found exposed SFW Reddit communities saw comments up 12.0% and commenting users up 12.4% mostly in advice, opinion, and personal experience threads which makes sense if the query is “what do real people think about this”, the summary is not really the product the thread is the product the scarier thing is Google AI Mode once the user can keep asking follow ups inside Google, Reddit loses more of the reason to click through so the question to me is whether Reddit Answers can become the front door for that type of search before Google fully owns it not generic facts but human debate, product research, troubleshooting, local recs, weird niche experience

pretty interesting setup with $COIN right now BTC is back under $60K, but equities already stabilized S&P and Nasdaq were green while crypto kept bleeding feels more like a crypto demand drought after Warsh flipped the Fed from cut hopes to hike bias Coinbase Premium reportedly negative for ~44 straight days US spot demand just is not there near term, $COIN can still trade like garbage if BTC keeps losing demand medium term, they’re still stacking agents, tokenized stocks, perps, Deribit, USDC, Base, and x402 timing is the whole trade imo