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We’ve covered why @CantonStrategic is a Super Validator on the @CantonNetwork and how Canton Coin ( $CC ) powers the system. Next, let’s dig into two core capabilities that matter most for institutions: programmable privacy and atomic settlement.

@Peter_Atwater The irony is AI, and blockchain, would have prevented the housing bubble.

With each passing day, the AI space looks more and more like home mortgage securitization at the peak of the housing bubble with its overlapping series of capital conveyor belts.

@jonathan_mg27 GLXY is Ohtani. A dual threat athlete. Ohtani is the highest paid player in baseball. Do the simple math. GLXY incredibly undervalued.

Galaxy’s Helios campus is positioned to be one of the world’s leading AI data center campuses: 🔌800 MW of approved power capacity ⚡2.7 GW of additional power capacity under study 🌎1,500+ acres under direct control 💧Access to ample on-site water for additional direct-liquid-cooling efficiency 📡Long-haul dark fiber infrastructure providing scalable bandwidth, redundancy, and sub-20ms RTT latency to Dallas and other major markets 👥A team with deep data center operating experience and capital markets expertise, led by two of the smartest and hardest working people I know @austorms and @brian_wright21 Access to power at scale is one of the most significant differentiators in today’s AI data center market. Helios is uniquely positioned with 800 MW of approved power capacity and already interconnected high-voltage substation, the first data hall delivery scheduled in 1H26, and full energization of the Helios campus planned for 2028. This puts us years ahead in a market where time to power is everything. With 2.7 GW of additional interconnection capacity under various stages of study for the Helios campus, there is also huge growth potential! As we disclosed, $CRWV is our anchor tenant at Helios, committed to 800 MW of gross power capacity over 15 years (+two 5-year extensions). That translates into: 💵$1B+ in expected average annual revenue over 15 years 📈90% EBITDA margins 🤝A durable source of stable, recurring cash flows, underpinned by $CRWV’s leading hyperscaler and enterprise relationships, and their technical stack and orchestration software that power some of the most sophisticated AI workloads globally. Twelve months ago, few investors saw $GLXY as a way to express a view on the foundational infrastructure powering AI. Today, I spend just as much time with digital asset and FinTech investors as I do with power and real estate investors.

@jonathan_mg27 Very well said JG

@grok @SteveKurz @intangiblecoins You can do better than that bud

@SteveKurz @intangiblecoins novogratz

why not Hey @grok who was the most famous person to visit my profile in the last 3 years? It doesnt need to be a mutual, don’t tag them, just say who it was using handle without the @ sign.

@BillAckman Zach Iscol!

I awoke this morning gravely concerned about New York City. I thought “What has NYC become that an avowed socialist who has supported defunding the police, whose solution to lowering food prices is city-owned supermarkets, who doesn’t understand that freezing rents will only reduce the supply of housing, who has no experience managing an organization -- let alone a city with a $100+ billion budget and a $2 trillion economy -- and who believes chants for ‘Globalizing the Intifada’ are acceptable, wins the Democratic Primary. After speaking to those who supported @ZohranKMamdani, I believe that he won the primary largely not due to his policies, but rather because he is a superb politician who ran a remarkable and inspiring campaign. He is intelligent and articulate. He is young and charming, and he successfully played down incriminating @X posts and statements from his past, pitching a joyful campaign of unity. And he won because the competition was very weak. His best competitor sat back and did not run a real campaign, relying on name recognition, early favorable polling and keeping a low profile to make it through. Not a strategy that I have ever seen work, but so be it. The Democratic primary voter is clearly tired of the Democratic politics of the past and its aging and over-the-hill leadership – Who isn’t? [As a case in point, how embarrassing is it to watch aging Dems fall in line with their tweets of support for Mamdani, as they desperately try to defend their seats from the far left?] And therefore, without any real competition, Zohran and his attractive personal qualities and campaign skills magically make him the candidate of the future. The problem, however, is that his policies would be disastrous for NYC. Socialism has no place in the economic capital of our country. The ability for NYC to offer services for the poor and needy, let alone the average New Yorker, is entirely dependent on NYC being a business-friendly environment and a place where wealthy residents are willing to spend 183 days and assume the associated tax burden. Unfortunately, both have already started making arrangements for the exits. Mamdani is right that much about NYC is broken. The City has gotten much less safe while the cost of living here has become increasingly unattainable for many. We pay more for less. Unfortunately, his headline campaign promises of frozen rents and cheaper food from city-owned markets, among others, are certain to fail. A mayor who disrespects the NYPD and has called for their defunding will get less effective policing, and Bratton’s ‘broken window theory’ will operate in reverse. A mayor who condones hate speech will incentivize more hate speech and violence. Words matter, and yes, they can inspire people to kill as we have recently tragically seen in our country and around the world. New York City under Mamdani is about to become much more dangerous and economically unviable. Unlike our Federal government, NYC cannot print money, and this Federal Government won’t bail NYC out if things go bad. In fact, Mamdani would be a windfall for the Republican Party as NY becomes another failed major city run by Democrats alongside Seattle, Chicago, LA, and SF et al as Senator Fetterman so eloquently stated today, "I'd describe it as Christmas in July for the GOP." So why did I become optimistic later this morning? The answer is that NYC has woken up in the last 24 hours. The substantial majority of NYC residents understand that socialism is a failed system, that rent freezes will destroy our housing base and shrink the affordable housing supply while killing new construction, and that an anti-capitalist Mayor will destroy jobs and cause businesses and wealthy taxpayers that have enabled NYC to balance the budget to move elsewhere. If 100 or so of the highest taxpayers in my industry chose to spend 183 days elsewhere, it could reduce NY state and city tax revenues by ~$5-10 billion or more, and that’s just my industry. Think Ken Griffin leaving Chicago for Miami on steroids. The good news is that there are other charismatic, intelligent, articulate, handsome, charming, young yet more experienced and, importantly, more centrist politicians who are New York residents eligible for office. There are also extremely talented members of the NY business community who could be superb mayors, Bloomberg being the reference standard from the past. And the setup is extremely attractive for a run for mayor. There are only 132 days until the election, which means the commitment of time to run is de minimis. This will be the most closely watched mayoral election in NYC in decades, perhaps ever, which, particularly in the social media and podcast era creates the opportunity for a new candidate to garner immediate name recognition, enormous media interest, and the visibility needed to get elected. Importantly, there are hundreds of million of dollars of capital available to back a competitor to Mamdani that can be put together overnight (believe me, I am in the text strings and the WhatsApp groups) so that a great alternative candidate won’t spend any time raising funds. So, if the right candidate would raise his or her hand tomorrow, the funds will pour in. I am sure that Mike Bloomberg will share his how-to-win-the-mayoralty IP and deliver his entire election apparatus and system to the aspiring candidate so that the candidate can focus all of his or her energy on the campaign. One unfortunate fact, as far as I understand, is that the candidate will have to be a write-in as I believe that none of the current candidates established a nominating committee if they were to withdraw, which means that no one can take their spot on the ballot. This is such an important election, however, that I believe the write-in requirement could actually turn into an important call to action that brings people in throngs to the polls. It therefore won’t be the game stopper it would normally be in a typical election. As a result, the risk/reward of running for mayor over the next 132 days is extremely compelling as the cost in time and energy is small, and the upside is enormous. If the candidate does not win, there is no harm, no foul, because the perceived probability of beating the Democratic nominee in a NYC mayoral election is extremely small. Therefore, there is no reputational risk to losing this election, and the corresponding reputational benefits are extraordinary whether one wins or loses. If the candidate wins, this is obviously a huge home run for the City and the candidate, but it is also an opportunity to save the Democratic Party from itself, grabbing the wheel just before the party goes even further off the cliff. The new mayor would be a national superhero for the City, for the Party, and for the country. For the aspiring politician, there is no better way to get name recognition, build relationships with long-term donors, and to showcase oneself than to run for mayor over the next 132 days. This election is already global front page news. For the aspiring young candidate, the amount of publicity and the massive followers to be gained are of incalculable long-term value whether they win or lose, and whatever they choose to do in the future, business, politics or otherwise. And there is a defensive reason for a politician to run. For the more centrist Democrat politician, a Mamdani win is very bad for your next election. As the Party veers further to the left, the Party’s backing for your future candidacy deteriorates substantially as Mamdani and AOC take control of the Party. In my experience, opportunities with minimal downside that don’t require huge investments of time while offering massive upside get filled. If you were ever thinking about running for office, or running for a higher office than you currently hold, this is likely the best opportunity that you are going to have. All of the above is not just theory, as I have a superb candidate who I believe can win who meets all of the criteria, but if I were to say his name or even reach out to him, it would have a negative effect on his candidacy, as I am a supporter of President Trump, and that alone taints anyone I would recommend for many and perhaps most NYC Democratic Party members. So rather than my making suggestions, I welcome yours. Who is your best centrist candidate who could go toe-to-toe with Mamdani on the campaign trail and on the debate stage? Let’s crowdsource the names and then do a poll. If someone is ready to raise their hand, I will take care of the fundraising. This is a once-in-a-lifetime opportunity for the right candidate. More importantly, it is an opportunity to save our City and be a superhero. Life is short and you must dare to be great. The time is now.

@intangiblecoins Much love AT

it’s not too late to call your dad for father’s day. i lost my dad to cancer 19 years ago last week and would love to hear his voice again. family is everything — don’t let your love go unspoken!

The U.S. Should Lead on Stablecoins Stablecoins are to finance what broadband was to the web: the substrate for something much larger. They represent one of the most tangible use cases for crypto—a digital dollar that moves at the speed of the internet, backed by real-world assets like U.S. dollars and Treasury bonds. What began as tools for crypto trading are now rapidly evolving into a foundational layer for global payments. Stablecoins enable seamless global payment systems that truly meet the needs of a global economy. From major fintechs and traditional financial institutions to multinational enterprises, stablecoins are being used for remittances, merchant payouts, treasury management, and B2B flows, unlocking speed, interoperability, and transparency in ways legacy systems cannot. They are quickly becoming core financial infrastructure. Citibank recently released a report projecting that stablecoin circulation could grow from approximately $230 billion today to $1.6 trillion (base case) or $3.7 trillion (bull case) by 2030. Citi also estimates that stablecoin issuers could drive more than $1 trillion in net new purchases of U.S. Treasuries by 2030—potentially surpassing any single foreign country as holders of U.S. government debt. The financial implications of this shift are massive. New research from the Bank for International Settlements (BIS) found that stablecoin flows compress short-term Treasury bill yields, producing effects similar to small-scale quantitative easing, ultimately helping reduce the national debt at a time when it is otherwise soaring. There are also national security implications, given that the current largest holders of U.S. debt are foreign countries with complex geopolitical relationships. Stablecoins are digital dollars, core payments infrastructure, and increasingly, monetary instruments with global policy relevance. As SEC Commissioner Mark Uyeda emphasized this week, tokenized assets offer “greater efficiencies in settlement, recordkeeping, and compliance.” Regulatory frameworks should evolve to embrace these capabilities, not resist them. Legislation like the GENIUS Act and the STABLE Act provides the regulatory scaffolding for stablecoin issuance in the U.S., including provisions for audits, 1:1 reserves, and state/federal oversight. This doesn’t just unlock safer onchain activity for existing crypto users; it creates an entirely new avenue for institutional use cases and helps preserve America’s economic leadership in the global financial system. Tokenization won’t stop at money. The next wave will bring real-world assets (RWAs)—from equities and bonds to funds and private credit—onchain. Stablecoins have demonstrated the playbook: start with simple, high-velocity use cases, build trust through scale, then extend the architecture to more complex assets. We are rebuilding the financial system for a digital age from the ground up. This Administration, along with several federal courts, has acknowledged that reality. It’s time for leaders on both sides of the aisle in Congress to do the same.

@EricBalchunas Barbarian Days.

Help: looking for book recommendations for long flight/vaca. Something entertaining, page turner, non-finance, not looking to learn anything. Fiction and/or bios ideal but I'm open. Thanks!

@bessfreedman 🤓

Mahjong

1998 - can anyone beat that?

@jcop5 @chatham58 Hell yes. Captain.

@chatham58 was Izzo a head of the table guy?

A buddy sent me this clip yesterday from an old SI piece he had saved. There is SO much going on in that picture…if we could only have known in that moment what we’d all be doing now 😂🤣😂

Thanks Wilco for spending 2,370 minutes with me in 2022. I couldn’t stop listening to Radio Cure. #SpotifyWrapped open.spotify.com/artist/2QoU3aw…

@intangiblecoins Kids today …

22yo uber driver asked me if i like “aux” music, says all his friend love it it was rae sremmurd, juice wrld, polo g, few underground rappers he had no idea why he calls it “aux” (it’s bc “pass me the aux cable” but he doesn’t even know what that is) our future is not bright

Bitcoin Defiance @saylor is good BUT Bitcoin Please Go To Moon @novogratz is still my favorite crypto song

@intangiblecoins Icon

“you want to add a blockchain to what?”

@buffalotomband Hawaiian Baby?

Buffalo Tom playing our only US show 2022 - this Saturday at NYC Bowery Ballroom. Sold out but venue releasing 50 extra tix today. Early 7.30 start. *Video from our show last month in pretty Leuven, Belgium. (Video by Marley Maginnis).

Curious about the intersection of NFTs & DeFi? @kinaumov and I just dropped a new report yesterday focused solely on this topic for @ChristiesInc Art & Tech Summit. Here are the key insights 🧵 1/16

@intangiblecoins @mikealfred The game is the game

@mikealfred the king stay the king

the wire is the greatest show of all time