Davis Wilson:

New Circle IPO – 168% in 1 Day

Yesterday, Circle Internet Group, Inc. (CRCL) stormed onto the New York Stock Exchange, closing its first day of trading with a stunning 168% gain. The surge is a clear signal: investor appetite for crypto infrastructure is still alive and kicking.

Circle runs one of the cleanest, most profitable business models in crypto – and it’s surprisingly easy to understand. At the heart of it is USDC, a stablecoin pegged 1:1 to the U.S. dollar. It’s used by exchanges, traders, fintech apps, and DeFi protocols as a form of digital cash.

Here’s how Circle makes money: You give Circle dollars and Circle gives you USDC. Circle invests your dollars in safe, short-term assets. Those reserves earn interest, and Circle collects yield on its massive reserve base.

This is one of the most elegant businesses I’ve seen in crypto – and one of the few that actually prints real cash in a regulated way. But after a 168% day-one surge, I’m not chasing it.

The float is still small. The hype is fresh. And history shows most IPOs cool off after the fireworks fade. Circle is absolutely on our radar – but we’ll be patient.

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Enrique Abeyta:

Don’t Trade the Tweet

I'm sure you've heard all about Elon Musk's post trashing Trump's budget bill by now. Sure, the media has taken this and turned it into a story about infighting in the Republican party over the debt ceiling. But here’s the thing: this isn’t exactly a crisis. It’s not even new.

I’m not saying government spending doesn’t matter and that there will never be consequences. As Elon pointed out, this new budget deal would raise the debt ceiling by another $5 trillion.

But at the end of the day, the market cares more about price than political drama. As traders, we need to do the same. And I am seeing a ton of bullish stock signals that tell me that the market is headed higher over the next six months.

Could the debt ceiling present a short-term excuse for a selloff sometime over the next several weeks? Absolutely.

We are getting a little overbought right now, so a 3% drop over something about the debt ceiling wouldn’t surprise me. But the uptrend is established, and you want to buy it.

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Chris Campbell:

Elon Musk Pulls Back on Threat To Withdraw Dragon Spacecraft

Tesla and SpaceX CEO Elon Musk on Thursday ordered his aerospace company to immediately decommission its Dragon capsule, which NASA uses to service the International Space Station, amid a public feud with President Trump.

A few hours later, Musk said he wouldn’t follow through on the threat.

After Trump threatened to cut government contracts given to Musk’s SpaceX rocket company and his Starlink internet satellite services, Musk responded via X that SpaceX “will begin decommissioning its Dragon spacecraft immediately.”

It was unclear how serious Musk’s threat was, but several hours later — in a reply to another X user — he said he wouldn’t do it.

The capsule, developed with the help of government contracts, is an important part of keeping the space station running. NASA also relies heavily on SpaceX for other programs including launching science missions and, later this decade, returning astronauts to the surface of the moon.

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