The “picks and shovels” of the institutional crypto market are heading to Wall Street. BitGo, the Palo Alto-based digital asset custodian founded in 2013, has set terms for its IPO, targeting a valuation of up to $1.96 billion. 💰 THE DEAL METRICS: 🏦 THE THESIS: Unlike exchanges that rely on trading volatility, BitGo’s core value...
The geopolitical risk premium is fading, leaving the market to face a bearish physical reality. Oil prices drifted lower on Monday (Brent ~$63, WTI ~$59) as traders assessed the cooling of immediate supply threats in Iran and the imminent return of Venezuelan barrels to the US market. 🇻🇪 THE VENEZUELA PIVOT: Following the ouster of...
The biggest IPO of 2025 is getting a resounding vote of confidence from the Street. Following the expiration of the quiet period, major brokerages have initiated coverage on Medline Industries (MDLN) with largely bullish ratings, betting that the company’s vertically integrated supply chain will continue to drive market share gains. 📈 THE ANALYST CONSENSUS: Shares,...
The unspoken tension between the White House and the Federal Reserve has exploded into public view. Following Fed Chair Jerome Powell’s disclosure of a DOJ investigation—which he termed a “pretext” to force faster rate cuts—global investors are rapidly repricing the risk to US institutional stability. 📉 THE MARKET VERDICT: The “governance risk” trade is active:...
The White House is drawing a hard line in the sand for US energy majors. Following a meeting where ExxonMobil CEO Darren Woods publicly called Venezuela “uninvestable” under current laws, President Trump has threatened to block the company from participating in the country’s reconstruction entirely. 🗣️ THE FLASHPOINT: ⚖️ THE NEW RULES OF ENGAGEMENT: This...
Gold is no longer just a hedge; it is currently the primary global fear gauge. The yellow metal vaulted above the historic $4,600 per ounce mark on Monday, hitting its first record peak of 2026. This follows a year of relentless all-time highs, driven by a convergence of monetary looseness and unprecedented geopolitical volatility. 🌪️...