Blue Steel Capital

I’m pretty sure there’s more to life than being really, really ridiculously good-looking. Value investor sharing what I learn - not financial advice.

[Blue Steel Capital @Bluesteelalpha]

$BABA is my highest conviction play. 67% of my portfolio. If it stays at this level or dips this week I will be picking up more shares.
The more you see the growth and fundamentals you understand this is a massively undervalued company.
China Risk is actually becoming less of a risk with Trump administration.

Consumer confidence is rising in China and they have plenty of savings to spend!

I bought some more shorter term call options and shares last week. Original cost basis was $72. I highly doubt we’ll see those levels again.

[Tom Dunleavy @dunleavy89]

https://t.co/ScdxYDB6Zi

[Marius Kjærstad (marius.eth) 🐬🦇🔊 @MKjrstad]

BREAKING NEWS🚨

@BitMNR (BMNR) will be added to the Russell 1000 Index the 26th of June 2026.

@Sharplink (SBET) will be added to the Russell 2000 Index the same day.

The floodgates to passive inflows are moving!

Are people in Ethereum ready for their ETH going to the moon?🚀

[Young @ykkz99]

The 5M ETH mark is now passed!
Still have never raised money at below 1x mNAV.

[Young @ykkz99]

A few exciting highlights: 1) we are almost at 4%! 2) we are being uplisted on NYSE, establishing ourselves on the main exchange and becoming a better investment vehicle for institutions. One more thing, we have never raised equity <1x mNAV. Your # of ETH per share will continue to go up over the long term.

[Blue Steel Capital @Bluesteelalpha]

$BMNR looks like one of the best risk/reward setups if you can hold 1-3 years:

- Tom Lee steering + ETH as key financial infrastructure
- ~$11B ETH holdings, $1.2B cash, zero debt
- Growing staking yields + investing in key themes like AI
(Invested in Open AI before they IPO)

Let’s say ETH goes lower for one final push down - they’ll use their cash to create a floor. 5% is near.

Also MAVAN staking product launching in next two weeks. All the fundamentals are here.

https://t.co/YKaJlPBLqz

[Blue Steel Capital @Bluesteelalpha]

@Vivek4real_ @grok where is the full talk on YouTube

[RYAN SΞAN ADAMS @RyanSAdams]

THEY DID IT.

The SEC and CFTC just dropped a landmark document that officially classifies crypto assets.

They're actually telling us which crypto assets are securities and which ones aren't - by name!

THIS IS SOMETHING GENSLER REFUSED TO DO

(he focused on prosecuting crypto out of existence)

This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path.

It's almost like the Clarity act just passed by way of regulator.

(of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it)

This rule says there's 5 categories for crypto assets:

1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14)

2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception).

3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities.

4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends.

5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities.

Amazing! This makes so much sense I can't believe it's coming from a regulator.

No more enforcement threats to Ethereum developers and crypto exchanges.

How about the Howey test?

More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after).

How about stuff like staking and mining?

Mining? Not a securities transaction.

Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs!

How about wrapping BTC? Not a securities transaction.

Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops.

Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both.

SEC regulates $80-100 trillion assets
CFTC regulates $5-10 trillion assets

Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets.

Every country will follow.

This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets.

Well done @MichaelSelig and @SECPaulSAtkins.

And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

[Axel Bitblaze 🪓 @Axel_bitblaze69]

https://t.co/EQ8aENFbh7

[Phong Le @phongle]

The largest institutions hold bitcoin-backed equity $MSTR. Bitcoin-backed credit is next $STRC.

[Farokh @farokh]

ALL MY HOMIES HATE JANE STREET

[Blue Steel Capital @Bluesteelalpha]

@zerohedge Did zerohedge save crypto 😂

[Ethprofit.eth 🦇🔊 @Ethprofit]

Visa chose Ethereum.
BlackRock chose Ethereum.
Stripe chose Ethereum.
PayPal chose Ethereum.
JP Morgan chose Ethereum.
Fidelity chose Ethereum.
Robinhood chose Ethereum.
MrBeast chose Ethereum.
Deutsche Bank chose Ethereum.

The obvious choice is Ethereum!

[Eric Jackson @ericjackson]

Bitcoin hit ~$74K. ETH ~$2,100.
Everyone’s asking: “Is this the bottom?”
That question usually leads people to the wrong decision. Day 167

[Milk Road @milkroaddaily]

The Bitmine bankruptcy bears are about to look absolutely foolish.

At current $ETH prices (~$2,350), Bitmine is pulling in $25M per month just from staking.

They're also sitting on $586M in USD that's generating another $2M monthly.

All with roughly $14B worth of $ETH on their balance sheet, and zero debt on their books.

This isn't some degen operation praying for a pump.

This is a cash flow machine with a fortress for a balance sheet.

But for some reason they're about to fire sale their $ETH and collapse into bankruptcy?

The math ain’t mathin on that thesis.

The blowups of 2022 may have conditioned us to look at any large crypto holding amid a market turndown and assume the worst.

But Bitmine isn't Three Arrows.

They're not FTX.

They're generating real yield, carrying real reserves, and have zero debt.

If anything, they’re probably going to continue buying more $ETH while it's on discount.

For example… 👇

[shafu @shafu0x]

just give claude a fucking wallet bro

[Thomas (Tom) Lee (not drummer) FundstratDirect.com @fundstrat]

Major financial institutions are launching their financial tokenized products on ethereum $ETH

- the latest is @Fidelity stablecoin

Ethereum is the future of finance

$BMNR @BitMNR

[Mike Selig @ChairmanSelig]

The @CFTC and @SECGov are working together to carry out @POTUS President Trump’s vision and make the U.S. the Crypto Capital of the World.

Join @SECPaulSAtkins and I for a special event at CFTC HQ, where we’ll share our blueprint for U.S. financial leadership in the crypto era.

[Leo Lanza | Lanza.eth @leolanza]

🚨 BlackRock CEO Larry Fink just revealed the future:

💎 "We will have ONE common blockchain"
🏦 Robbie Mitnick: "Ethereum is the natural default answer"
🔄 Private EVM chains (JPMorgan) one pivot away from ETH L2s

This is the most bullish thing you could hear.

[Ethereum @ethereum]

Ethereum is the #1 choice for global financial institutions.

Over the last few months, adoption has accelerated. Here are 35 stories of how institutions are building on Ethereum.

1/ @krakenfx launched xStocks on Ethereum, issuing tokenized versions of popular U.S. stocks and ETFs as ERC-20 tokens.

Kraken’s eligible clients can now deposit and withdraw fully collateralized equities, directly on Ethereum.

2/ @OndoFinance launched Ondo Global Markets on Ethereum with 100+ tokenized U.S. stocks & ETFs.

24/7 access to programmable equities, backed by real securities, is now available alongside DeFi integrations for lending, trading, and more.

3/ @ChinaAMC_HK launched its Select USD Money Market Fund on Ethereum, one of the first tokenized funds from a major Chinese asset manager.

One of Asia’s largest firms (over $449B AUM) now provides access to high-quality, short-term USD instruments with 24/7 settlement.

4/ @Fidelity introduced the FDIT tokenized money market fund on Ethereum.

The Fidelity Digital Interest Token (FDIT) brings the bank’s investors the speed of onchain settlement alongside the stability of traditional instruments.

5/ @Google announced the Agent Payments Protocol (AP2), enabling AI agents to autonomously execute payments using stablecoins on Ethereum.

Built in collaboration with The Ethereum Foundation, Coinbase, MetaMask, and others, AP2 allows AI to transact securely, bridging the gap between automated intelligence and finance.

6/ @UBS, @PostFinance, @sygnumofficial, and the Swiss Bankers Association successfully piloted Deposit Tokens on Ethereum.

By demonstrating legally binding cross-bank settlement on Ethereum’s public infrastructure, the proof-of-concept paves the way for programmable, instant, cross-institution settlement.

7/ Santander’s @openbank_es launched ETH trading services in Germany, allowing customers to buy, sell, and custody ETH directly through their bank accounts.

This integration is a strong signal of institutional confidence in ETH under MiCa regulation.

8/ @AmericanExpress launched Amex Passport, blockchain-based travel stamps minted as NFTs on Ethereum L2 @base.

Cardholders can now create an onchain record of experiences and memories from international trips, blending loyalty rewards with digital ownership.

9/ The first tokenized S&P 500 Index Fund licensed by @SPDJIndices, SPXA, was launched by @centrifuge on Base.

10/ SWIFT and 30+ banks are designing a blockchain ledger to support tokenized assets and real-time, 24/7 cross-border payments alongside existing financial systems, starting with a prototype with Consensys.

@swiftcommunity connecting 11,500+ institutions globally will create a bridge between traditional finance and onchain value.

11/ @SocieteGenerale FORGE, an integrated subsidiary of the 161-year-old commercial bank, deployed EURCV & USDCV lending and trading on Ethereum DeFi protocols Morpho and Uniswap.

One of the largest custodians in Europe now provides institutional-grade collateral and liquidity for DeFi markets.

12/ @Stripe expanded its crypto support on Ethereum to include stablecoin-based subscriptions and recurring billing.

Hundreds of thousands of companies that use Stripe can now accept USDC for subscriptions with automatic renewals, building on Ethereum for lower-cost payments with near-instant settlement.

13/ @Securitize and @FGNexusio tokenized the FGNX stock on Ethereum, representing the first NASDAQ-listed preferred equity issued fully onchain.

Ethereum is the platform to build programmable assets that bring public markets to the digital age.

14/ @AntGroup, the fintech behind @Alipay, launched @JovayNetwork, a L2 for institutional tokenization.

The company behind one of the world's largest retail platforms is now building global institutional settlement for tokenized assets on Ethereum.

15/ @jpyc_official launched the world's first yen-pegged regulated stablecoin on Ethereum.

Complaint, programmable yen transactions are now available worldwide, backed 1:1 by yen reserves under Japan’s Payment Services Act.

16/ @BNYglobal and Securitize announced a tokenized AAA-rated CLO fund on Ethereum.

Institutional credit moving onchain brings liquidity and transparency to traditional asset classes.

17/ Google partnered with @Polymarket, integrating onchain prediction market data to Google search results.

The largest search provider now leverages the Ethereum ecosystem as a primary source of truth.

18/ @StartaleGroup released the Startale App, a SuperApp for @soneium's growing Ethereum L2.

Mainstream users in the Soneium L2 ecosystem can now access simple onchain interactions and rewards with a unified platform for wallets, assets, and apps.

19/ @jpmorgan migrated its tokenized deposit product, JPM Coin (JPMD), from its internal permissioned blockchain to Base.

Moving from a private chain to an Ethereum L2 will meet demand from JPMorgan’s institutional clients for payments, collateral, and margin settlement on public infrastructure.

20/ @Mastercard announced it will build on Ethereum L2 @0xPolygon to expand its Crypto Credential program to self-custody wallets.

Working with @mercuryo_io, the expansion will allow Mastercard users to send crypto using verified, human-readable aliases.

21/ @Amundi_ENG, Europe’s largest asset manager ($2.75T AUM), launched a tokenized share class of its euro money market fund on Ethereum mainnet.

Bringing traditional cash management onchain unlocks 24/7 settlement and composability for euro-denominated capital.

22/ Sony Bank announced plans to launch a USD-pegged stablecoin on @soneium, its Ethereum L2, in early 2026.

From gaming to finance, Sony is building its ecosystem’s home base on Ethereum.

23/ @WisdomTreeEU introduced the world’s first physically-backed ETP for @LidoFinance Staked Ether.

The fund will provide European investors with regulated exposure to the spot price of stETH and its ETH staking rewards.

24/ The @CFTC announced a pilot program that will allow ETH, BTC, and USDC to be used as collateral in US derivatives markets, alongside new guidance on using tokenized assets as collateral.

This marks a significant shift in how ETH and other digital assets can be integrated into regulated US markets.

25/ @BlackRock filed for a staked ETH ETF.

Following the success of their spot ETH ETF, this filing seeks to unlock the value of Ethereum's native staking reward rate for traditional investors.

26/ The @ADI_Foundation, backed by IHC, announced the mainnet launch of institutional L2 @ADIChain_, part of the @zksync Elastic Network.

Supported by the UAE's largest conglomerate, ADIChain will host the country's regulated stablecoins and aims to bring 1 billion people onchain across the Middle East, Asia and Africa.

27/ JP Morgan launched MONY, their first tokenized money market fund, on Ethereum mainnet.

The firm seeded the fund with $100M of its own capital, signaling their commitment to public chain tokenization.

28/ @coinbase announced Coinbase Tokenize, built on Base, as their new end-to-end institutional platform for tokenizing RWAs.

Combining issuance, custody, compliance, trading, and infrastructure, the new product will streamline the process of bringing assets like tokenized stocks, equities, funds, and real estate onchain in the Ethereum ecosystem.

29/ @RobinhoodApp added 500 tokenized assets on @arbitrum, bringing their platform to nearly 2000 assets tokenized.

With over $14M in total tokenized value, Robinhood continues deepening their integration with Ethereum’s L2 ecosystem.

30/ @BlackRock, @Mastercard, and @FTI_Global partnered with the ADI Foundation in the UAE, builders of the ADIChain L2.

The group will explore tokenized asset structures, digital asset regulatory frameworks, stablecoin settlement, and cross-border payment infrastructure.

31/ @SoFi became the first national US retail bank to issue a stablecoin (SoFiUSD) on a public, permissionless blockchain.

Launched on Ethereum, SoFiUSD will first be used for faster, cheaper internal settlements for the fintech giant and its partners.

32/ @telcoin launched eUSD on Ethereum and Polygon, a regulated U.S. dollar stablecoin issued by Nebraska state-chartered digital asset depository institution Telcoin Digital Asset Bank.

The launch marks another milestone in U.S.-regulated banks issuing stablecoins directly on public blockchains, bringing traditional regulated banking to the Ethereum ecosystem.

33/ @Grayscale distributed the first ETH staking rewards to ETHE ETF shareholders.

In a first for US regulated products, investors received Ethereum’s native yield directly, proving that staked ETH ETFs can deliver the economic utility of the network.

34/ @MorganStanley filed for a Staked Ether ETF, doubling down on its crypto strategy.

One of the world’s largest wealth managers is moving beyond spot exposure to capture Ethereum’s native staking yield for clients, signaling a shift to productive participation.

35/ The ADI Foundation partnered with M-Pesa to bring 60M+ users onchain.

Africa’s largest mobile money platform is integrating blockchain rails to power instant cross-border payments and stablecoin transactions, merging massive fintech scale with Ethereum’s global settlement layer.

—

Ethereum is the trusted, global settlement layer for real-world adoption, used by institutions, governments, and enterprises worldwide.

Learn more about building on the institutional liquidity layer: https://t.co/jUshBvAXKa

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 President Trump to sue JPMorgan Chase for "incorrectly and inappropriately debanking" him.