Worldcoin Gets a Treasury Company

At Russia’s Eastern Economic Forum, Putin advisor Anton Kobyakov claimed the U.S. wants to "erase its massive debt [now around $37 trillion] at the world’s expense" and reset the financial system in its favor. He claims the U.S. will push the world into a "crypto cloud", transfer part of its debt into stablecoins, and then devalue it to start from scratch. Overall, this rhetoric more about U.S. financial dominance, and less about any feasible plan. But it is interesting. If anything, stablecoins/crypto could help manage debt by innovation, but "erasing" it? Nah - no chance. Read more →

Prediction markets were all the rage during the U.S. elections with billions of dollars being wagered on the outcome. But once Trump was elected, skeptics began to spout that sure, prediction markets are cool, but they will only be really valuable once every four years. Well, that turns out not to be the case. In just the first week of the NFL, Kalshi has done more volume than the entire betting on the U.S. election on it’s platform. Betting on the Super Bowl champion already has $45 million in bets. Read more →

Eightco Holdings (OCTO), a tiny company that currently trades on the Nasdaq announced on Monday a $250 million private placement to implement a buying strategy around OpenAI chief Sam Altman’s Worldcoin (WLD) as its main treasury asset. Eightco, which will soon change its ticker symbol to “ORB,” shares surged ~5,600% early on Monday as traders piled in, before slipping towards the end of the session, closing 3,009% higher at $45.08. Worldcoin (WLD) is also up 99% in the last 7 days. Read more →

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