CA Jay S.

Chartered Accountant | Crypto Analyst 📊 | $BTC $ETH $SOL #DeFi #RWA #AI #WAGMI Disclaimer: No financial advice

[CA Jay S. @CryptoVaultJ]

Most people chase pumps. I chase liquidity.

Here’s My Crypto Playbook for the Next 6 Months 👇

1/ Crypto isn’t about guessing the next meme coin. It’s about tracking liquidity, narratives & risk — because that’s what really drives price.
#Crypto #Bitcoin #Ethereum

Here’s how I’m positioning myself 👇

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Anthropic's pre-IPO valuation surges to a record $1.2 trillion, rising another +20% in 7 days.

This officially puts Anthropic's implied valuation up +900% since October 2025, per onchain pre-IPO trading data.

Pre-IPO instruments trading onchain on Jupiter, backed 1:1 by SPV exposure, are providing a real-time proxy for the company’s implied IPO valuation.

This now makes Anthropic ~20% larger than OpenAI's pre-IPO implied valuation.

If Anthropic were to IPO at a $1.2 trillion valuation, it would be the 11th most valuable public company in the world.

The AI Revolution is accelerating.

[Jim Ferguson @JimFergusonUK]

🚨 BREAKING: CRACKS APPEARING IN THE FINANCIAL GIANTS

For the first time in its history, BlackRock’s $26 billion HPS Corporate Lending Fund is facing major withdrawal pressure.

Investors requested $1.2 billion in redemptions in a single quarter — more than 9% of the fund’s total assets.

That’s nearly double the 5% threshold where managers can begin restricting withdrawals.

BlackRock is only paying out $620 million, limiting the rest.

For years, private credit funds were sold as the “safe new frontier” of finance — massive returns, steady income, endless liquidity.

Now the first real test is beginning.

No one is calling it a crisis yet.

But when investors start rushing for the exit in markets that were supposedly “unshakable,” it raises a serious question:

Was this boom built on solid ground… or on too much money chasing too few real assets?

[Horse @TheFlowHorse]

https://t.co/wWymzfkPvJ

[Karel Mercx @KarelMercx]

https://t.co/ln3HPAE88N

[The Kobeissi Letter @KobeissiLetter]

A copper shortage is coming next:

The world economy is projected to face a copper deficit of 10 million tonnes by 2040, equivalent to ~33% of current global demand.

This comes as global copper demand is estimated to surge to 42 million tonnes by 2040, from 28 million tonnes in 2025.

Asia alone is expected to reflect 60% of total demand growth over this time, driven by EV adoption and grid upgrades.

At the same time, AI data center copper demand is set to surge +127% to 2.5 million tonnes by 2040.

Meanwhile, supply is expected to peak at ~34 million tonnes in 2030 before declining to ~32 million tonnes by 2040.

Copper is the next global strategic commodity.

[Futurist | 10x Disruptive Stocks @futurist_lens]

https://t.co/i8nYaSbLZ2

[Ray Dalio @RayDalio]

Here are my thoughts from this year’s World Economic Forum. If you’re interested in understanding more about how the world order is changing and what it all means, you can sign up here for my newsletter in the comments below.

[True market Leader @TmarketL]

Why Volume is the best indicator

[CNBC-TV18 @CNBCTV18News]

$100B raised… but only 15% went into real capex!

Sanjeev Prasad of Kotak Equities questions whether India’s IPO boom is financing growth or just exits!

@_prashantnair @NileshShah68

#StockMarket #Nifty #IPO #Capex #KotakEquities #PEExits #IndiaIPO #Growth #CapitalMarkets #CNBCTV18Digital

[Documenting ₿itcoin 📄 @DocumentingBTC]

How it started: How it’s going:

[Joseph @JosephA140]

I spent 100’s of hours writing research on tether for @Citi.

@CryptoHayes missed a few key points.

1) 𝐓𝐡𝐞𝐢𝐫 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐬𝐬𝐞𝐭𝐬 =/ 𝐚𝐥𝐥 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐚𝐬𝐬𝐞𝐭𝐬

When tether generates $ they have a separate equity balance sheet which they don’t report publicly. The numbers they disclose are under a ‘matching’ philosophy; they’re just showing you how their reserves are backed.

The equity balance is sheet is made up of equity investments, mining operations, corporate reserves & possibly more BTC, with the rest distributed as dividends to shareholders.

2) 𝐓𝐡𝐞𝐲’𝐫𝐞 𝐡𝐢𝐠𝐡𝐥𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐬 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞. 𝐓𝐡𝐞𝐲 𝐜𝐚𝐧 𝐬𝐞𝐥𝐥 𝐞𝐪𝐮𝐢𝐭𝐲 𝐭𝐨 𝐜𝐨𝐯𝐞𝐫 𝐚𝐧𝐲 𝐠𝐚𝐩𝐬 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭.

Tether has ~$120bn in interest yielding treasuries which have been yielding ~4% since 2023. That’s ~$10bn in liquid PnL with little cost (150 employees), making it one of the most efficient cash generating businesses in the world.

I’m guessing this would make their equity worth somewhere in the $50-100bn range. Although they’ve reported they’re looking to raise $20bn for 3% which would put them at ~$500bn+ valuation. Probably won’t materialise, and likely overvalued, but still highly valuable equity.

3) 𝐁𝐚𝐧𝐤𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐨𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐥𝐨𝐰𝐞𝐫 𝐟𝐫𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐬. 𝟓-𝟏𝟓% 𝐨𝐟 𝐛𝐚𝐧𝐤 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐚𝐫𝐞 𝐡𝐞𝐥𝐝 𝐢𝐧 𝐥𝐢𝐪𝐮𝐢𝐝 𝐚𝐬𝐬𝐞𝐭𝐬, 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫 𝟖𝟓%+ 𝐚𝐫𝐞 𝐡𝐞𝐥𝐝 𝐢𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐦𝐨𝐫𝐞 𝐢𝐥𝐥𝐢𝐪𝐮𝐢𝐝 𝐚𝐬𝐬𝐞𝐭𝐬.

Tether is different but holds similar qualities to a Bank in this regard, and is significantly better collateralised. A key difference is banks are backed by Lender of last resort (Central Bank) but Tether is not.

TLDR: Tether isn’t going insolvent, quite the opposite; they own a money printing machine.

[Crypto India @CryptooIndia]

🚨 Why markets are dumping?

📍 Japan’s bond yields are surging to 2008 highs, signaling the BOJ may raise rates for the first time in years at its December 19 meeting.

📍 Japan was the world’s cheap-money engine. For decades, investors borrowed low-rate yen and poured it into global markets, fueling the carry trade.

📍 Now higher Japanese yields are pulling money back home, putting pressure on the long-running yen carry trade.

📍 Japan is adding more short-term debt issuance, pushing yields even higher and speeding up the capital shift back to Japan.

📍 A stronger yen is squeezing leveraged global positions, forcing investors to unwind trades and sell risk assets.

📍 Japan is the largest foreign holder of U.S. Treasuries.
Any reduction in buying or selling directly impacts U.S. funding.

📍 This comes at the worst possible time for the U.S.
America needs record borrowing to fund 1.8 trillion dollar deficits, and interest costs have already exceeded 1 trillion dollars a year.

📍 Meanwhile, the Federal Reserve has stepped back from buying Treasuries, and China continues to reduce its holdings.

📍 So two major buyers of U.S. debt, Japan and China, are stepping away just when America needs them most.

📍 Rising global yields are draining liquidity, triggering selling across equities, bonds, and crypto.

Hope this helps you understand why markets are dumping. Keep an eye on the U.S. market opening at 7 PM IST. Further weakness in U.S. stocks can trigger more pain across global markets.

[CA Jay S. @CryptoVaultJ]

“Big Short” Investor Michael Burry’s Final Warning: The $9.2M Bet That Could Break Silicon Valley

He’s calling out inflated valuations, massive AI infrastructure spending, hidden risks, and echoes of past bubbles.

The man who called 2008 is sounding the alarm again. #AIBubble

[Shanaka Anslem Perera ⚡ @shanaka86]

BURRY’S FINAL WARNING: The $9.2M Bet That Ends Silicon Valley

The man who called 2008 while Wall Street laughed just walked away from public markets forever.

Michael Burry didn’t just short Palantir. He executed the most asymmetric trade in financial history: $9.2 million for the right to collect $240 million when AI collapses. That’s 2,600% returns when the bubble pops.

The Numbers Don’t Lie:

Palantir: 449x earnings. Trading at $184. Burry’s strike: $50.
NVIDIA: Burning cash on chips obsolete in 36 months, depreciating them over 10 years.
The entire AI sector: Hiding $176 billion in fake accounting through 2028.

This is Enron mathematics. This is subprime CDOs wearing a silicon mask.

What Nobody Sees:

Big Tech spent $200 billion building AI infrastructure in 2025 alone. Revenue growth? Under 20%. The energy costs? Enough to power entire nations. The depreciation fraud? Bigger than anything in corporate history.

Burry spotted it. Filed his 50,000 put contracts. Then did something unprecedented: he deregistered his entire fund on November 10th, vanishing from regulatory oversight exactly like he did in 2008 when the pressure broke him.

This Is Not A Trade. This Is A Prophecy.

When Palantir’s CEO called him crazy, Burry went silent. No defense. No explanation. Just one cryptic post: November 25th. Something unchained.

He’s not managing money anymore. He’s not playing games. He placed the bet, walked away from the table, and left instructions for what comes after.

The man who warned us about housing while banks collapsed is now warning us about AI while tech soars 173% this year.

Last time, it took 18 months to be proven right.

Last time, he made $100 million and nearly lost his mind.

This time, he’s not waiting around to watch.​​​​​​​​​​​​​​​​

Full article here - https://t.co/vVpFcN1Wzf

[CA Jay S. @CryptoVaultJ]

“Big Short” Investor Michael Burry’s Final Warning: The $9.2M Bet That Could Break Silicon Valley

He’s calling out inflated valuations, massive AI infrastructure spending, hidden risks, and echoes of past bubbles.

The man who called 2008 is sounding the alarm again. #AIBubble

[Carl ₿ MENGER ⚡️🇸🇻 @CarlBMenger]

Buy the #Bitcoin Dip. God bless Satoshi.

[Miles Deutscher @milesdeutscher]

The way I'm thinking of it..

Is that the $BTC cycle is definitely over.

That is, the cycle of DAT buying, SBR hype, and record ETF flows.

BUT, here's the caveat. "Cycle is over" as a headline freaks people out - as they instantly get 2022/23 PTSD - but it really depends on your definition of "cycle".

I'm not a subscriber of the 4-year cycle, as crypto is more driven by macro/flows/narrative now than ever.

Currently, we're in the process of finding a floor as we wait for the *next* cycle trigger.

Very likely that it's driven by debasement/AI energy race/liquidity expansion.

This could come in a matter of weeks/months.

It doesn't have to be 4 years.

BTC is a macro asset now.

Adapt and play accordingly.

[The Kobeissi Letter @KobeissiLetter]

Bad news is now "good news" for stocks:

As the US unemployment rate surges to 4.4%, its highest in 4 years, stock market futures are surging.

Why is this happening?

The reality is that the Fed is being forced to cut interest rates into one of the strongest stock markets of all time.

Because, even as the AI Revolution takes off and the Magnificent 7 exceeds $20 TRILLION in market cap, Americans are struggling.

The labor market is weak, affordability is at record lows, and over 60% of Americans believe we are in a recession.

This is exactly why we continue to reiterate: "own assets or be left behind."

As the Fed cuts rates to save Main Street, Wall Street will skyrocket as the Fed adds fuel to a roaring fire.

We have two economies in the US: asset owners and non-asset owners.

The US wealth gap will hit unprecedented levels.

[CA Jay S. @CryptoVaultJ]

Are we in an AI bubble?

Huang’s point was simple: this isn’t a hype bubble, but early phases of a long-term technological reset. And because GPUs sit at the foundation of these three shifts, NVIDIA sees this as durable, multi-year infrastructure demand, not temporary excitement.

[Stock Talk @stocktalkweekly]

Nvidia CEO Jensen Huang was just asked if we're in an AI bubble.

This was his full, 3-minute response: