Alex – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 16 Aug 2025 20:51:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Alex – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 4 Words From Palantir CEO Alex Karp That BigBear.ai Investors Can't Ignore https://earlybirdsinvest.com/4-words-from-palantir-ceo-alex-karp-that-bigbear-ai-investors-cant-ignore/ https://earlybirdsinvest.com/4-words-from-palantir-ceo-alex-karp-that-bigbear-ai-investors-cant-ignore/#respond Sat, 16 Aug 2025 20:51:54 +0000 https://earlybirdsinvest.com/4-words-from-palantir-ceo-alex-karp-that-bigbear-ai-investors-cant-ignore/ Palantir CEO Alex Karp just delivered a curt, straightforward message to the company’s rivals.

Dr. Alex Karp isn’t your typical corporate executive. He doesn’t hold an MBA, and his public remarks often come in the form of unscripted, philosophical musings. Yet as CEO of data analytics powerhouse Palantir Technologies (PLTR -2.14%), Karp has led the company’s transformation from a secretive government contractor into a leading force in artificial intelligence (AI) adoption across the enterprise software landscape.

What many investors once viewed as a niche corridor, the intersection of defense operations and AI has swiftly become fertile ground supporting Palantir’s generational run. The company has secured some of the Department of Defense’s (DOD) most complex, mission-critical contracts, worth billions of dollars, cementing its role as a trusted partner in national security.

Following Palantir’s monster Q2 earnings report earlier this month, Karp’s confidence was on full display. During an interview on financial news program CNBC, he delivered a blunt message to Palantir’s rivals: “read ’em and weep.”

Let’s unpack what Karp really meant and assess why investors in competing platforms such as BigBear.ai (BBAI 5.39%) can no longer afford to ignore Palantir’s commanding lead in the AI defense arena.

Palantir is setting the pace to become the AI backbone for military operations

During the second quarter, Palantir’s revenue surged 48% year over year to $1.0 billion. While that growth is impressive on its own, the finer details reveal just how deeply Palantir has embedded itself in the military operations pocket of the AI landscape.

The company’s government segment grew 49% year over year, slightly outpacing overall growth. Drilling down further, Palantir’s U.S. government revenue rose by an even stronger 53% — reaching $426 million in the quarter. This momentum is supported by a string of high-profile Pentagon deals.

In March, Palantir partnered with defense contractors Northrop Grumman and L3Harris Technologies, along with autonomous systems specialist Anduril, in a $178 million U.S. Army deal to help build the Tactical Intelligence Targeting Access Node (TITAN) ground transportation system.

Just months later, the Army extended its relationship with Palantir, awarding a $795 million extension to continue using the company’s Maven Smart System(MSS) platform — bringing the total deal value above $1.2 billion.

More recently, Palantir further strengthened its public sector footprint with two additional contracts: a multiyear contract with the Army worth up to $10 billion, as well as a separate award to help develop a surveillance system for Immigration and Customs Enforcement (ICE).

A Navy ship in the ocean.

Image source: Getty Images.

Why is this important for BigBear.ai investors?

During BigBear.ai’s second-quarter earnings call, CEO Kevin McAleenan acknowledged that the company has “seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture.”

Given the details outlined above, there’s a strong possibility that the “disruptions” McAleenan referenced reflect Palantir winning these contracts. While BigBear.ai operates in some of the same broad fields as Palantir, such as AI analytics and machine learning, I think the comparison between the two companies is increasingly lopsided.

Each new government contract awarded to Palantir deepens its competitive moat. The company’s Foundry and Gotham platforms are evolving into a comprehensive, integrated ecosystem for the public sector — supporting a range of mission-critical needs.

Rather than true “network effects,” Palantir is enjoying a cumulative competitive edge that’s compounding with each deployment of its software — ultimately broadening the company’s footprint, strengthening its relationships, and making the cost of switching to competing platforms more costly.

These dynamics have effectively given Palantir a mini-monopoly on certain pockets of public sector deal flow, beyond the capacities of traditional defense contractors specializing in manufacturing hardware or equipment.

Is BigBear.ai stock a buy?

Karp’s soundbite wasn’t just swagger, nor was it merely aimed at short-sellers who have been betting against Palantir for years. It was a direct shot at every competing platform.

The 2025 stock chart reflecting Palantir and BigBear.ai tells a very different story.

BBAI Chart

BBAI data by YCharts

Palantir has built steady momentum on the back of rising deal flow, translating directly into accelerating revenue and profitability. BigBear.ai, by contrast, has seen far more volatile price swings, with its moves often driven by hype and the hopeful narrative that it could one day become the “next Palantir.”

That outcome appears increasingly improbable. Each new government contract Palantir secures widens the gap between it and smaller rivals struggling to keep pace.

For investors seeking exposure to AI’s role in military operations, Palantir offers a proven track record over speculative counterparts such as BigBear.ai, whose traction remains more aspirational than tangible.

]]>
https://earlybirdsinvest.com/4-words-from-palantir-ceo-alex-karp-that-bigbear-ai-investors-cant-ignore/feed/ 0 53553
Galaxy’s Alex Thorn calls Ethereum L2s ‘ETH extractive’ amid fee retention concerns https://earlybirdsinvest.com/galaxys-alex-thorn-calls-ethereum-l2s-eth-extractive-amid-fee-retention-concerns/ https://earlybirdsinvest.com/galaxys-alex-thorn-calls-ethereum-l2s-eth-extractive-amid-fee-retention-concerns/#respond Thu, 07 Aug 2025 00:40:14 +0000 https://earlybirdsinvest.com/galaxys-alex-thorn-calls-ethereum-l2s-eth-extractive-amid-fee-retention-concerns/

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.”

In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. 

Thorn added that most L2s are controlled by single companies or foundations, which means “very little value accrues to ETH holders,” and “most L2s don’t even stake back the ETH they collect in fees.” 

Post EIP-4844

Pointing to post-EIP-4844 dynamics, Thorn noted that aggregate L2 blob confirmation costs and L1 gas spend have hovered around $10,000 per day, while L2s earn from $100,000 to $400,000 daily in user fees.

As a result, L2 earnings leave “a nice margin even including running the chain.” Blobs are dedicated spaces offering data storage used by layer-2 blockchains built on top of Ethereum.

He also contrasted payments from Base to the Optimism Collective, since Base uses the OP Stack, versus payments from L2s to Ethereum. Over the last 180 days, Base paid $4.4 million to OP, while all L2s combined paid $3.05 million to Ethereum L1 for blobs and gas.

Thorn further claimed Coinbase made $14.9 million in Base fee revenue in Q2, with $443,000 in L1 data costs and $2.16 million paid to OP, saying “OP is literally making 4.8x more off Base than Ethereum is.” 

The critique culminated in a broader alignment question, to which Thorn responded:

“…They aren’t really ‘eth aligned…’ they look pretty ‘Eth extractive’ to me.”

Long-running debate

Base graduated to Stage 1 in April on data aggregator L2Beat, an intermediate decentralization tier envisioned by Ethereum co-founder Vitalik Buterin. 

Stage 1 indicates improved fault-proofs and governance safeguards, while Stage 2 is defined by an L2 having no group of actors that can post a state root other than the output of the code, even unanimously.

The L2 powered by Coinbase was among other chains that recently updated their security measures to prevent ways to block messages to the mainnet other than compromising at least 75% of the network’s security council. 

Thorn’s argument revives a long-running debate over how much economic value L2s should return to Ethereum versus to their operators or upstream collectives. 

The post-4844 cost structure lowered L2 data costs by introducing blobs, but the balance between user fees retained by L2s and L1 spend and staking remains contested.

Mentioned in this article
]]>
https://earlybirdsinvest.com/galaxys-alex-thorn-calls-ethereum-l2s-eth-extractive-amid-fee-retention-concerns/feed/ 0 51869
Is Alex Warren Christian pop? Faith-flavored songs are all over the airwaves https://earlybirdsinvest.com/is-alex-warren-christian-pop-faith-flavored-songs-are-all-over-the-airwaves/ https://earlybirdsinvest.com/is-alex-warren-christian-pop-faith-flavored-songs-are-all-over-the-airwaves/#respond Tue, 08 Jul 2025 13:00:00 +0000 https://earlybirdsinvest.com/is-alex-warren-christian-pop-faith-flavored-songs-are-all-over-the-airwaves/

“We wanna thank God for giving us the grace to give him a little glory in this building tonight,” rapper-slash-country hit-generator Jelly Roll said onstage in May at the 60th Academy of Country Music Awards. The speech came during an exultant performance of his collab with Shaboozey, “Amen,” which features the chorus, “Somebody say a prayer for me / ‘Cause the pills ran out and I still can’t sleep.” The song details a religious devotion earned through a struggle with darker forces. “Even a crooked road can still get you home,” Jelly Roll concluded.

Jelly Roll might seem like a surprising mouthpiece for this kind of preachy moment, but the song is a hit even outside the country bubble. In a recent article for Christianity Today, musicologist Kelsey McGinnis identified the work of artists like Jelly Roll, Brandon Lake, and Thomas Rhett as “barstool conversion rock,” a notably masculine form of music that sits adjacent to contemporary Christian music (CCM).

But that subgenre is far from the only religiously tinged music — created by everyone from devout evangelicals to open agnostics, from country artists to rappers — climbing the charts today; a number of pop songs are likewise courting the divine. Benson Boone’s “Beautiful Things,” which arguably functions as a direct-appeal to God, was a ubiquitous bop for most of 2024. Alex Warren’s “Ordinary,” a love song that easily doubles as a Christian worship song, has slowly climbed the charts over the past few months to become one of 2025’s biggest breakout hits (it’s currently No. 1 on the Billboard Hot 100).

By establishing an industry-leading sound and a distinct identity, in a time of increased polarization around religion, Christian-coded music has finally broken containment and conquered the airwaves.

Christian rock has been around for decades. What changed?

Thirty years ago, evangelical and secular culture were very much divided, says culture writer and religious historian Kristin Kobes Du Mez. “There was a much more cohesive, and even in many cases, all-encompassing Christian culture [for] kids raised in the 1990s,” she said. “It was possible to be completely insulated from secular culture. … I certainly grew up with the understanding that top 40 music was evil.” Christian radio, Christian record labels, and Christian bookstores all functioned as gatekeepers, vetting everything they passed on to consumers.

“There was a lot of money to be made in distinctively Christian merchandise,” Du Mez said. “But of course, it wasn’t presented as a business. It was presented as ministry and as evangelism.” It was also often considered hacky or trite. “The kind of joke about Christian culture is that they just copy what’s happening in secular spaces and then produce things of lower quality,” Du Mez said.

Switched on Pop’s Charlie Harding echoed this. Christian contemporary music used to sound like “whatever’s happening in pop music, five years too late,” he told me. A fan of a secular band could usually find a Christian equivalent and listen to that instead, guilt-free. Like other guilt-free treats, it might not quite hit the spot — but for decades, many Christians eschewed the pleasures of mainstream media, even as their own art trailed behind it.

Christian pop, however, was not the only form of Christian music available. There was also church worship music (also known as praise music). Worship music gained traction in the late ’70s and ’80s, when seminal CCM songwriters like Rich Mullins modernized the classic Protestant hymnal structure by combining it with the aesthetics of modern Black gospel, emphasizing a soaring, anthemic rock chorus that everyone could sing along to. This structure has come to define praise music ever since.

In the ’90s and early aughts, as megachurches and Christian conferences exploded in popularity, along with their concert-like worship services, worship music took on increased cultural significance. This music was meant to be sung by church congregations, intended to invoke or encourage religious euphoria, even conversion. It took a basic pop-rock style and imbued it with spiritual ambiance, codifying a big, church revival sound.

Then came the rise of the internet. The increased interconnectivity of diverse communities, the subsequent explosion of the smart phone and social media, and the demise of the cultural mainstay that was the Christian bookstore all meant Christians found it much harder, if not impossible, to totally isolate themselves from the rest of the world.

“Sometimes that’s just what they are and what they do. Sometimes that’s their truth.”

— -Todd Nathanson, YouTube music vlogger

This increased interaction with the secular world both coincided with and fueled the erosion of the Christian music industry, which also meant that the centers of distribution and influence for Christian art changed. Now, instead of getting Christian music mainly from Christian radio and CCM artists, many Christians began to encounter it most regularly through their weekly Sunday worship service — which offered not “pop music, five years too late” but worship music.

Now, musical artists who grew up in the church, hearing worship music week after week, were also hearing and interacting with secular music and culture. They could more freely mix and learn from different musical styles. And soon, instead of merely following behind pop music, Christian music instead helped spawn an enormously influential offshoot of its own sound — via the biggest band of the 21st century.

Harding identified Coldplay as the through line between all that aughts Christian worship music and songs like “Ordinary.” In a 2019 Rolling Stone interview, band frontman Chris Martin, who was raised Christian, spoke of being influenced as a child in the ’90s by church music — by “these beautiful, big songs.” That bigness, Harding said, is crucial to what came next. Specifically, Harding said, Coldplay’s 2005 hit “Fix You” popularized a song structure that’s now ubiquitous among today’s faith-adjacent pop music.

“Start infinitely small,” he said. “You’re down on your knees praying to God.” As it unfolds, “You can see the whole cathedral around you. You’re starting to have this divine experience.” That “infinite build” structure of “Fix You” now infuses the work of a huge number of highly successful artists of the ’10s and ’20s — think Arcade Fire, Imagine Dragons, or any number of “stomp clap hey” groups — and is still featured by Christian-associated artists like Benson Boone and Alex Warren. Whether intentionally or not, their music has incorporated the vibe of a Sunday worship service, and that vibe is shaping the industry’s sound rather than following it.

This musical wave may have emerged, however indirectly, from Christian culture, but it’s managed to transcend the awkward resonances of a post-Hillsong Justin Bieber, mid-spiral Kanye West, or the Creed Cruise.

Where we are now: Masculinity, politics, and hollering to God

As Christians lost the ability to isolate themselves from the secular world, they also started to see value in interacting with secular culture.

Du Mez suggests that whereas before, Christians intentionally isolated themselves from the mainstream, in the current era, some are increasingly willing to accept and embrace secular influences because they increasingly conflate Christianity with a right-wing social and political agenda. Thus secular media and products that are not distinctly Christian, but which nevertheless reflect or promote their shared social and political values, are finding welcome among Christians who might otherwise disregard them.

“It’s not always compatible with what most people would understand to be core Christian values or theological tenets, but if it hits [certain] masculinity talking points, if it provides an attractive vision of throwback femininity or even retrograde femininity, then it’s embraced by these spaces,” Du Mez said.

This new and evolving embrace of secular messaging arguably explains why so many Christians are warming up to (and pushing up the charts) country and rock artists who, despite referencing Jesus here and there in their lyrics, would once have been viewed by them as morally dubious. This contradiction serves as the essence of barstool conversion rock: moral messages coming from spurious messengers. In writing for Christianity Today, McGinnis marries barstool rock to both country music and to “a web of crisscrossing cultural threads, including conservative politics, party culture, and evangelicalism.” While this subgenre overlaps with the much-discussed wave of “bro country,” it adds a layer of respectability via an appeal to faith.

If each of these songs involves a reckoning between the singer and God, “even the reckoning is performed.”

Indeed, what unites all of these songs across a broad sonic range is their confessional stance, as well as the performance of raw vulnerability from each male artist — a trait that modern men, especially ones steeped in a culture of conservatism, often have difficulty accessing. At the nexus of Jelly Roll’s gritty but spiritual collaborations and Morgan Wallen exiting Saturday Night Live for “God’s country” resides a desire for something deeper than just the average dirty-booted drinking song. In so many of these songs, the singer aims to find a way to express his own weakness, a familiar cry among isolated white men that contributes to these songs’ popularity.

Music critic Craig Jenkins (of Vox sister site Vulture) told me he thinks Boone’s “Beautiful Things” succeeds at this project. “Emotional, searching pop-guy songs will absolutely never lose steam,” Jenkins said.

Boone, who is no longer a practicing Mormon but does not drink or do drugs, is an interesting case, especially in his aesthetics. With his spangled jumpsuits and mustache/mullet combo, he’s somewhere between Elton John and Morgan Wallen. “The signifiers all feel very queer, but the presentation is like, lacrosse player crushing it in glee club,” Jenkins said.

Jenkins questions if Boone is “carelessly laundering stuff that used to be edgy into a teetotaling package that is just coincidentally very palatable for the most crotchety sensibilities,” or if his choices are more intentional. He ties Boone to post-punk creatives like Panic! At the Disco’s Brendon Urie and The Killers’ Brandon Flowers, who like Boone were both raised as Latter-Day Saints. This cacophonic whirl of musical antecedents reads like someone who’s going through a familiar post-adolescent Mormon journey of working out his identity beyond his family, church, and childhood.

Todd Nathanson, creator of the YouTube music vlog Todd in the Shadows, emphasizes that the authenticity is part of the package. “You don’t want to be too cynical about this because Alex Warren is an actual practicing Catholic, and you can’t expect someone to not let that inform his music,” he said. “Sometimes that’s just what they are and what they do. Sometimes that’s their truth.”

The other key to understanding this music is that while so much of its appeal is its perceived authenticity, its strength also lies in its ability to market a version of traditionalism that feels inviting, rather than alienating.

Though artists like Boone and Warren may not bear much sonic affinity with Jelly Roll or Wallen, thematically they all share an ability to express a yearning for the identity of a masculine, working-class hero, eschewing delusions of grandeur for a smaller life. These songs seem to pair images of modern masculinity with visions of a traditional lifestyle, tailored to appeal to audiences that don’t often find themselves reflected in pop music except through working-class anthems. Think of John Mellencamp’s admonition that “I can breathe in a small town,” paired with Warren’s vow to “make the mundane our masterpiece.” These lyrics are tropey, even trite, but they’re effective in breathing new life into old populist narratives.

The video for Warren’s “Ordinary,” for example, sees him pursuing a chastely styled woman (played by his real-life wife) with all the apparent wonder of a schoolboy seeing a woman for the first time. It’s both a bizarrely infantilized version of masculinity and a highly romanticized, extremely traditional view of love. It’s also hugely popular.

“There’s a synergy of thought in bro spaces that aren’t religious and ones that are,” Jenkins noted, with “treatises on how Your Woman should dress on both sides of the coin.” In an Alex Warren video, that vision of femininity isn’t so threatening.

Nathanson also points to artists who dabble in faith-adjacent themes, like Hosier and Noah Kahan, as proof of the marketability of this traditionalist message. “That kind of music is just doing very well right now,” he said — so well that other artists might be trying to gain a large market by adding “a couple of ‘Gods’ or references to heaven.”

“A lot of people see that type of proselytizing as a quick way to gain influence and a quick way to gain access and a foothold and an audience,” Nathanson added.

“Rugged and questioning is lucrative posturing in deeply weird times,” said Jenkins, who’s more cynical than Nathanson about the end result. If each of these songs involves a reckoning between the singer and God, he notes that “even the reckoning is performed.”

Beyond any cynicism, there are complex social messages to parse in this new space. For one, it’s perhaps ironic that the regressive male codes of stoic masculinity that leave these male artists seeking outlets of expression are frequently heavily reinforced by the same Christian culture they’re trying to find themselves within.

Ultimately, Harding stresses the reality of a new conservative audience making its mark on the charts. “I think that there’s something that’s really connecting with people, and I think that probably has to do with a lean toward tradition and representations of masculinity, which are currently at loggerheads in our world,” Harding said.

Whatever it is, he says, people really must like it. “I always believe that things that pop off do have an actual resonance,” he said, “because it’s so hard to make a hit.”

]]>
https://earlybirdsinvest.com/is-alex-warren-christian-pop-faith-flavored-songs-are-all-over-the-airwaves/feed/ 0 46461
Alex Gladstein: Bitcoin Helps Bypass Government Control https://earlybirdsinvest.com/alex-gladstein-bitcoin-helps-bypass-government-control/ https://earlybirdsinvest.com/alex-gladstein-bitcoin-helps-bypass-government-control/#respond Sun, 06 Jul 2025 19:32:31 +0000 https://earlybirdsinvest.com/alex-gladstein-bitcoin-helps-bypass-government-control/

Alex Gladstein, the chief strategy officer at Human Rights Foundation, shared how Bitcoin
BTC


$108,414.36

is helping people push back against authoritarian control.

Speaking at the Bitcoin Policy Summit in Washington, DC, he explained that this digital currency gives individuals a way to protect their money from being frozen, monitored, or devalued by their governments.

According to Gladstein, Bitcoin is especially effective when used without linking personal identity to it. In such cases, he said, it becomes much harder for authorities to track someone’s financial activity.

What is Impermanent Loss in Crypto? (Explained With Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

He also stated:

If you’re self-custodying your Bitcoin, governments can’t delete or freeze your stuff, and they certainly can’t hyperinflate you.

Gladstein gave an example during Ukraine’s protests against then-president Viktor Yanukovych in 2013. Many protestors suddenly lost access to their bank accounts.

At the time, Bitcoin was still relatively unknown and trading at around $100. The Human Rights Foundation was uncertain about its reliability but decided to try sending Bitcoin directly to those on the ground.

Gladstein said the result was a success since activists received funds even when other systems had failed.

The Human Rights Foundation works to defend civil liberties worldwide, particularly in countries with limited freedoms. Gladstein, who joined the organization in 2007, views Bitcoin as another tool to help people avoid financial control and censorship.

Genius Group recently announced plans to use any future lawsuit winnings to reward investors and purchase more Bitcoin. What did the company say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


]]>
https://earlybirdsinvest.com/alex-gladstein-bitcoin-helps-bypass-government-control/feed/ 0 46141
Economist Alex Krüger Outlines Three Bullish Catalysts for Bitcoin, Says Upcoming BTC Breakout Will Be ‘Explosive’ https://earlybirdsinvest.com/economist-alex-kruger-outlines-three-bullish-catalysts-for-bitcoin-says-upcoming-btc-breakout-will-be-explosive/ https://earlybirdsinvest.com/economist-alex-kruger-outlines-three-bullish-catalysts-for-bitcoin-says-upcoming-btc-breakout-will-be-explosive/#respond Fri, 04 Jul 2025 07:15:05 +0000 https://earlybirdsinvest.com/economist-alex-kruger-outlines-three-bullish-catalysts-for-bitcoin-says-upcoming-btc-breakout-will-be-explosive/

Economist and trader Alex Krüger is outlining three catalysts that he believes could propel Bitcoin (BTC) to a massive rally.

Krüger tells his 211,500 followers on the social media platform X that the “upcoming Bitcoin breakout will be explosive.”

According to the economist and trader, one of the catalysts that will drive the Bitcoin rally he foresees will be the legislation currently waiting to be passed in the U.S. Congress known as the One Big Beautiful Act (OBBA). The omnibus legislation addresses some of President Trump’s election campaign promises.

The economist and trader says the accumulation of Bitcoin by companies intending to include the flagship crypto asset in their balance sheets is another catalyst that will “add fuel to the fire.”

Additionally, the economist and trader says the Federal Reserve Chair set to be appointed in 2026 to replace the current Chair Jerome Powell will be the “icing on the cake.” According to Krüger, Powell’s replacement will be a bullish catalyst over the short term.

The economist and trader further says Bitcoin’s current price action is operating in a similar environment to five years ago.

“When it comes to analogies across cycles and Bitcoin Treasury companies, June 2025 is analogous to December 2020 and the Bitcoin Grayscale trade.”

In December of 2020, Bitcoin broke above the then all-time high of around $20,000 that had been in place for three years. The rally occurred at a time when the Grayscale Bitcoin Trust (GBTC) was trading at a significant premium to the net asset value of the underlying Bitcoin amid robust institutional demand.

Bitcoin is trading at $110,210 at time of writing.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

]]>
https://earlybirdsinvest.com/economist-alex-kruger-outlines-three-bullish-catalysts-for-bitcoin-says-upcoming-btc-breakout-will-be-explosive/feed/ 0 45682
Alex Mashinsky forfeits rights to Celsius assets amid ongoing bankruptcy process https://earlybirdsinvest.com/alex-mashinsky-forfeits-rights-to-celsius-assets-amid-ongoing-bankruptcy-process/ https://earlybirdsinvest.com/alex-mashinsky-forfeits-rights-to-celsius-assets-amid-ongoing-bankruptcy-process/#respond Sat, 21 Jun 2025 04:11:25 +0000 https://earlybirdsinvest.com/alex-mashinsky-forfeits-rights-to-celsius-assets-amid-ongoing-bankruptcy-process/

Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto lender.

According to newly filed court documents, Mashinsky and entities associated with him, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, will be excluded from any future distributions under the Celsius bankruptcy plan.

The filing stated:

“All Claims asserted by, or scheduled by the Debtors on behalf of, (1) Mr. Mashinsky, (2) AMV, (3) Koala1, and (4) Koala3 are withdrawn, disallowed, and shall receive no distribution under the Plan.”

The document also stated that the funds freed from the forfeiture should be redistributed to affected customers and creditors.

This development marks another chapter in Celsius’s ongoing bankruptcy proceedings, which began in mid-2022 following the platform’s abrupt suspension of withdrawals.

So far, Celsius has returned roughly $2.53 billion to users. Approximately 70% of creditors have received some form of repayment, but the process has been lengthy and complex.

Celsius bankruptcy

Celsius halted user withdrawals in June 2022, locking up nearly $4.7 billion in customer funds, amid the market instability driven by LUNA’s collapse in the prior month.

The company was forced to file for Chapter 11 bankruptcy in July 2022, triggering investigations into its financial practices and the conduct of its leadership.

Mashinsky was arrested in 2023 over several fraud-related charges and later pleaded guilty as part of his legal proceedings. Prosecutors claimed that he misled investors about the company’s financial health while offloading personal holdings of Celsius’s native token. They added that his actions gave users false confidence even as the platform was nearing collapse.

Last month, Mashinsky was sentenced to 12 years in prison, avoiding the 20-year term prosecutors had pursued. His defense argued that a longer sentence would amount to life imprisonment for the 59-year-old.

His downfall joins a growing list of disgraced crypto leaders, including FTX’s Sam Bankman-Fried and Terra’s Do Kwon, who were once industry icons whose collapses have reshaped public and regulatory perceptions of digital assets.

Mentioned in this article
]]>
https://earlybirdsinvest.com/alex-mashinsky-forfeits-rights-to-celsius-assets-amid-ongoing-bankruptcy-process/feed/ 0 43227
New All-Time High Incoming for Bitcoin Soon, According to Economist and Trader Alex Krüger – But There’s a Catch https://earlybirdsinvest.com/new-all-time-high-incoming-for-bitcoin-soon-according-to-economist-and-trader-alex-kruger-but-theres-a-catch/ https://earlybirdsinvest.com/new-all-time-high-incoming-for-bitcoin-soon-according-to-economist-and-trader-alex-kruger-but-theres-a-catch/#respond Sat, 24 May 2025 12:37:35 +0000 https://earlybirdsinvest.com/new-all-time-high-incoming-for-bitcoin-soon-according-to-economist-and-trader-alex-kruger-but-theres-a-catch/

Economist and trader Alex Krüger believes Bitcoin (BTC) is primed to go higher over the coming weeks, driven by one catalyst.

Krüger tells his 210,500 followers on the social media platform X that he is expecting Bitcoin to hit $120,000 in June.

According to the widely followed economist and trader, the proposed distribution of approximately $5 billion to creditors of the collapsed crypto exchange FTX at the end of May will serve as a bullish catalyst for Bitcoin. Krüger thinks that the funds will re-enter the crypto market as the creditors will mostly be the large claim holders.

But the economist warns that Bitcoin could turn bearish in early July amid the uncertainty caused by the dispute over tariffs.

“The 90-day tariffs pause *could* be a significant bearish catalyst. That’s on July 9th. Depending on White House news flow, it makes sense for markets to start getting anxious about tariffs again two to three weeks before then.”

In contrast with Krüger’s largely bullish view of Bitcoin over the short term, crypto analyst Justin Bennett says the flagship digital asset could drop below $100,000 after failing to convincingly take out its last resistance at around $110,000.

“No change to this BTC analysis other than starting to break down.

I shorted at $111,269. I’ll add below $106,000 if we get it. Looking for $96,000/$97,000.”

Image
Source: Justin Bennett/X

Bitcoin is trading at $107,435 at time of writing, down from the all-time high of just under $112,000 reached earlier this week.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

]]>
https://earlybirdsinvest.com/new-all-time-high-incoming-for-bitcoin-soon-according-to-economist-and-trader-alex-kruger-but-theres-a-catch/feed/ 0 38045
Ex-Celsius CEO Alex Mashinsky Sentenced to 12 Years in Prison for Fraud https://earlybirdsinvest.com/ex-celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-prison-for-fraud/ https://earlybirdsinvest.com/ex-celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-prison-for-fraud/#respond Sat, 10 May 2025 02:33:30 +0000 https://earlybirdsinvest.com/ex-celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-prison-for-fraud/

Former Celsius Network CEO Alex Mashinsky was sentenced to 12 years in federal prison on Thursday.

The decision follows his December guilty plea to organizing a fraudulent scheme that misled investors and manipulated the market value of Celsius’s native token, CEL.

Sentencing Details

The U.S. Attorney’s Office, Southern District of New York, announced Mashinsky’s prison term on May 8.

“The founder and former Chief Executive Officer of Celsius Network LLC and their affiliated entities was sentenced to 12 years for committing commodities fraud and securities fraud at Celsius,” read the press release.

U.S. District Judge John G. Koeltl delivered the verdict in courtroom 14A of Manhattan’s Southern District courthouse. It comes nearly five months after the former crypto executive’s guilty plea, in which he admitted to exaggerating Celsius’s financial stability and promising investors unsustainable returns.

“Alexander Mashinsky targeted retail investors with promises that he would keep their ‘digital assets’ safer than a bank,” stated U.S. Attorney Jay Clayton. “In fact, he used those assets to place risky bets and to line his own pockets.”

During the court session, Mashinsky acknowledged his role in artificially boosting the price of CEL tokens while quietly selling tens of millions of dollars’ worth of his holdings. The accused also agreed to forfeit the proceeds from his illegal activities.

Prosecutors had pushed for a 20-year sentence, arguing that the ex-CEO remained “unrepentant” and emphasizing the widespread damage to the crypto lender’s customers. Federal authorities also said that Mashinsky made a profit of $48 million from the scheme.

Ultimately, the 59-year-old accepted sentencing guidelines of up to 30 years and waived his right to appeal any prison term within that range as part of his plea deal.

Multi-Billion Dollar Fraud Case

Mashinsky’s legal troubles began in 2023 when he was apprehended on charges of securities, commodities, and wire fraud. His arrest coincided with Celsius’s agreement to a $4.7 billion settlement with the Federal Trade Commission (FTC), one of the largest in the agency’s history. However, the deal is still contingent on the firm returning customer assets.

In September 2023, former Celsius chief revenue officer Roni Cohen-Pavon admitted guilt in the same case and agreed to cooperate with authorities. This provided key insights into the company’s inner operations.

His testimony contributed to the broader case brought against Celsius and Mashinsky by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for the multi-billion-dollar fraud scheme.

Although the former executive initially denied the accusations, his guilty plea and Thursday’s sentencing conclude a case that exposed serious misconduct at one of the most high-profile crypto lending firms.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

]]>
https://earlybirdsinvest.com/ex-celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-prison-for-fraud/feed/ 0 35367
Economist Alex Krüger Issues Market Warning, Says US in Early Stages of ‘Severe Deceleration’ – Here’s His Outlook https://earlybirdsinvest.com/economist-alex-kruger-issues-market-warning-says-us-in-early-stages-of-severe-deceleration-heres-his-outlook/ https://earlybirdsinvest.com/economist-alex-kruger-issues-market-warning-says-us-in-early-stages-of-severe-deceleration-heres-his-outlook/#respond Thu, 01 May 2025 13:45:23 +0000 https://earlybirdsinvest.com/economist-alex-kruger-issues-market-warning-says-us-in-early-stages-of-severe-deceleration-heres-his-outlook/

Economist Alex Krüger says he’s de-risking his portfolio amid uncertain economic headwinds.

Krüger tells his 209,800 followers on the social media platform X that the US economy “is in the very early stages of a severe deceleration (and potential recession).”

He predicts the impending economic downturn will begin to matter in June and materialize in economic data in July.

Krüger also notes his preferred upside risk investment is Bitcoin (BTC).

“Granted, I am biased, but do think that it has started to trade as a risk/gold hybrid (still more weighted towards risk) and therefore it may provide a very rare ‘tails I win, heads I win as well’ risk profile. The jury is still out.

Mid-term, I do not know if the second half of the year will be a raging bull market or a crash and burn 2008 style market. Both are ironically possible. We will have to see in what direction and how aggressively Trump decides to swing. And what other measures he pushes through (e.g. tax cuts). My base case scenario is somewhere in the middle. That said, the most important thing here is that Trump has introduced a massive left tail that it would normally not exist.”

The economist also cautions traders against chasing altcoins in the current environment.

“There is zero reason to FOMO in a Trump 2.0 world. There will be dips. Many dips.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

]]>
https://earlybirdsinvest.com/economist-alex-kruger-issues-market-warning-says-us-in-early-stages-of-severe-deceleration-heres-his-outlook/feed/ 0 33799
Economist Alex Krüger Warns US Stocks Could Repeat 2008 Bear Market Amid Trump’s Trade War https://earlybirdsinvest.com/economist-alex-kruger-warns-us-stocks-could-repeat-2008-bear-market-amid-trumps-trade-war/ https://earlybirdsinvest.com/economist-alex-kruger-warns-us-stocks-could-repeat-2008-bear-market-amid-trumps-trade-war/#respond Tue, 08 Apr 2025 16:38:49 +0000 https://earlybirdsinvest.com/economist-alex-kruger-warns-us-stocks-could-repeat-2008-bear-market-amid-trumps-trade-war/

A widely followed economist thinks that President Trump’s trade war can trigger conditions that could catalyze a repeat of the 2008 stock market meltdown.

Economist Alex Krüger tells his 208,600 followers on the social media platform X that Trump’s tariffs are creating conditions that could spark a new credit crisis when borrowers can’t access credit easily despite their willingness to pay interest.

Krüger says that once lenders lose the confidence to issue new debt due to an uncertain macroeconomic backdrop, the S&P 500 could witness a 2008-style collapse.

“This is how the 2008 bear market looked like, -50% in one year. Notice the extensive number of extremely positive news from October onwards. Sometimes, increasing liquidity is not enough.

Once credit markets break, it is very hard to stop the snowball.

We may be two tweets away from going in that direction. Europe retaliating in kind, and Trump losing it.

Of course, [we] would need more than that to have such a protracted bear market. 2008 was a credit crunch after all, which is not the case now.

But a trade war can trigger a credit crisis. Stagflation => consumer spending freezing => corporates blowing up => banks blowing up => dead.”

Image
Source: Alex Krüger/X

He also believes that Trump’s tariffs have increased the odds that the US will witness a recession within a year.

“If this keeps escalating, yes, anything is possible now, that’s what’s changed in my opinion, there’s nothing off the table.”

As of Monday’s close, the S&P 500 is trading at 5,062 points.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

]]>
https://earlybirdsinvest.com/economist-alex-kruger-warns-us-stocks-could-repeat-2008-bear-market-amid-trumps-trade-war/feed/ 0 29720