The ARC token has been minted. Circle is the first publicly traded company to mint a network token for a new blockchain. This is a technical milestone in the Arc roadmap as the network explores a future transition from Proof of Authority toward Proof of Stake. The minting of ARC does not represent any commitment to a public launch of the token. ARC is not live, tradeable, available for public use, or active for staking, governance, fees, or utility. The Arc network remains Proof of Authority today. Future ARC functionality and activation remain subject to change. Official ARC contract: explorer.arc.io/token/0xA12C…

Real yields on 10-year Treasuries are back at post-2008 highs, at 2.66%.

🚨 JUST IN: 21 global financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank and UBS, plan to launch a joint USD stablecoin in H1 2027.

“I could be just like [trencher] if I wanted to but it’s beneath me” Bro if you could hit a button and make 300k+/month and change the lives of your bloodline you’d do it in a heartbeat There’s a huge gap in grind and skill. They’re online 18 hours. They want it more than you.

Bessent’s plan to use the TGA to fund Treasury buybacks makes possible exactly what I warned would happen. This reckless plan will substantially shorten the average maturity of the national debt, increasing our exposure to rising short-term rates and making it even harder for the Fed to hike rates without exploding federal interest expense and budget deficits. It’s a recipe for massive QE and runaway inflation. Got gold?

🚨 KOREAN BOND MARKET IS BREAKING DOWN Today, South Korea's 30-year bond yield hit 4.73%, its highest level ever. After the US and Japan, Korean long-term bond yields are going parabolic too, and this always ends badly.

The top editor of Forbes, Randall Lane, was fired last month after the company discovered that he had received a payment of about $6 million from the founder of a firm that does business with the magazine, according to people familiar with the decision. nyti.ms/4xXqVjB

APPLE HAS IS NOW WORTH $5 TRILLION DOLLARS IN MARKET VALUE FOR FIRST TIME EVER $AAPL

Zero probability of QE (expanding the balance sheet by buying long term assets) until inflation is dead and Fed funds is zero

Imagine if in the next year @base decides to move forward with what would likely be the single wealth creation event in onchain history and you have to explain to your wife and kids that you missed out bc in July 2026 @brian_armstrong changed his PFP.

USDT Trading in Venezuela Now Rivals the Country's Oil Exports Between June 11 and July 13, about 1.389 billion USDT was traded on Binance’s peer-to-peer market in Venezuela, averaging roughly USD 44 million a day. Ecoanalítica, a Venezuelan economic research firm, estimated that the volume was equivalent to about 75% of the country’s monthly oil exports and represented a significant share of the central bank’s foreign-currency supply in June. USDT’s local over-the-counter price has risen to about 840 bolivars, roughly 15.5% above the official exchange rate.

In the latest Trump grift, Truth Social will now sell faster access to Trump’s market-moving posts to institutional investors willing to pay for it. This is yet another example of Trump's unprecedented exploitation of the presidency for personal financial gain.