Bitcoin. Stocks. AI. The three themes defining the next decade. Live M-F 12:30 ET with the people actually moving markets || By @21RatesHQ
New York, NY
Joined June 2025
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One more Friday Stack to wrap up the week!
Tomorrow, we're joined by @_Adrian for another good conversation about Bitcoin and the community that brings us together.
12:30 ET | Live on X
Looking forward to seeing you all!
Have a lovely, relaxing evening, everyone. 🫡🧡
📋 QUOTE REQUEST
Insure $100M of AI company debt for one year. What does it cost?
That price is the credit default swap (CDS) spread. Here is what the market is quoting:
▪️ Oracle: 300+ bps = $3M+ per year
▪️ SpaceX: 200+ bps = $2M+ per year
▪️ Meta: ~115 bps = ~$1.15M per year, a record close (about 119 intraday)
Nvidia, Amazon and Broadcom hedging costs are rising too.
Why Meta? It disclosed about $825B in future lease and contract commitments, up from ~$700B in July, and raised the low end of its capex forecast to $135B.
The fair read: 1.15% a year is still a strong investment-grade price. This is not a default forecast. It's the market charging more for uncertainty.
But the AI race is turning into a financing race.
Amen @efenigson!
We've gotta have you back on the show when you return.
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BIG SHOW TODAY ON $SATS $MSTR
12:30: @PunterJeff
1:30: @BritishHodl
Drop your questions / comments / one-liners in the comments
🔴 TODAY. 12:30 ET. LIVE ON X.
Bitcoin is on the balance sheet. What happens next?
Bitcoin Treasuries with @punterjeff and @BritishHodl 🧡
The unscripted part only exists live.
What's your one treasury question for them? 🔔👇
xitter.cf/i/broadcasts/1nxeLLvMB…
$META isn't slowing down.
Last night it reported $34.9 billion of capex for Q3 and guided $135 to 145 billion for 2026.
KT called it on Tuesday's show. Nobody in AI wants to slow down, because whoever slows down hands the other side an edge.
Taking a BTC loan? Our friends at @hodlwithLedn are offering .25% off their lowest rates with our link: ledn.io/partner/dailystack
Why did Bitcoin dip overnight? Four pressure points hit at once:
🛢️ Oil climbed again
🇨🇳 Chinese stocks sold off
🇺🇸 The S&P 500 slid too
Risk assets fell together, and Bitcoin went along for the ride.
Which one worries you most?👇
Wednesday: shorts got burned. Bitcoin pushed toward $85K.
Overnight: longs got burned. Back to ~$82K.
~$173M in shorts liquidated on the way up.
~$210M in longs on the way down.
Same market, same trap: leverage built too fast.
Nasdaq futures sliding 1.1% didn't help.
Open interest is still around $23B.
Satoshi Archive #012
Satoshi released his redesigned Bitcoin icons into the public domain. Even the visual identity was something others could reuse and build on.
2010-02-24
Source: bitcointalk.org/index.php?to…
June 16, $NOK was $13.98 and loud on Twitter.
@ProblemSniper didn't buy the hype. The daily had broken its trend line and he called it a bear flag.
Nokia's around $9.25 now, down about 34%. Q3 numbers drop before the US open tomorrow.
Taking a BTC loan? Our friends at @hodlwithLedn are offering .25% off their lowest rates with our link: ledn.io/partner/dailystack
$TXN is more than the TI-83 Plus company.
Father of Trades says TI has been making a bunch of chips for the hyperscalers.
His speculative idea: thanks to their wafer size, they could retrofit existing capacity into memory, where demand can't be met right now.
Taking a BTC loan? Our friends at @hodlwithLedn are offering .25% off their lowest rates with our link: ledn.io/partner/dailystack