Lin-Ga Tsan

Co-founder & General Partner AGMI Group / Co-founder AlphoraGroup | Business Growth Strategy | Digital Assets & CleanTech 🇹🇼🇺🇸🇩🇪🇭🇰

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

Recorded yesterday with the excellent David Lin. Updated projections. @davidlin_TV

$7,000 Gold, $180k Bitcoin, $200 Silver; Hard Assets Go 'Ballistic' | La... https://t.co/EZuNj6NZPf via @YouTube

[Chad Steingraber @ChadSteingraber]

The new tech banks are coming… 👀

[fox hsiao @pirrer]

小火箭 Rocket Lab 股價腰斬後，宣布以約 80 億美元收購衛星通訊商 Iridium，這可能是太空產業近年最關鍵的一筆整合案。

交易採現金加換股，每股作價 54 美元，其中 27 美元為現金、其餘以 Rocket Lab 股票支付，企業價值約 80 億美元，預計 2027 年中完成。為了付這筆現金，Rocket Lab 已經談妥德意志銀行與富國銀行 36 億美元的過橋貸款，消息一出股價當天上漲約 6.7%。

過去 Rocket Lab 的兩大本業是火箭發射和衛星製造，它幫別人把衛星送上軌道、也幫別人造衛星，但軌道上跑的服務和收月費的客戶，一直都是別人的。Iridium 補上的正是這最後一塊。

Iridium 手上有一座 66 顆衛星組成的低軌星座，加上 255 萬付費用戶、500 多家合作夥伴，2025 年營收 8.7 億美元、營業利益率高達 57%。其中最稀缺的資產是一段全球協調一致的 L 頻段頻譜，這種頻譜幾乎不可能再申請取得，等於買下一道別人花錢也補不上的護城河。

把這些拼起來，Rocket Lab 就從一家幫別人發射、幫別人造衛星的供應商，變成一條從火箭、衛星、頻譜到在軌服務全部自己掌握的垂直整合公司。自己的火箭發射自己的星座，過去得付給第三方的發射成本直接省下來，再靠 Iridium 既有的用戶和現金流，切入衛星直連手機（direct-to-device，D2D）、衛星物聯網和定位導航授時（PNT）這些新市場。

創辦人 Peter Beck 的說法是：「把 Iridium 深厚的傳承、受信賴的基礎設施和搶手的頻譜，跟 Rocket Lab 成熟的發射與製造能力結合起來，我們就有能力打開全新的市場。」
太空產業過去分工明確，發射、製造、營運各做各的。

Rocket Lab 這一步看準的，是下一個世代的太空巨頭會出現在少數能從火箭一路掌握到用戶月費的全包玩家身上。🛰️

[SMQKE @SMQKEDQG]

Hedera, Ripple, Cardano, XDC.✅

“Trusted by Institutions Shaping MiCA Compliance.”🏦

Documented.📝👇

[Chandler G @Echo5550]

I always find looking at the cutaway of rockets very interesting; what's just as fascinating is how large an object can fit inside their payload fairings!

I also added how much each vehicle can lift to LEO, GTO, and TLI.

The only launch vehicle I didn’t include is the Atlas V; the reason is because of its upcoming sad retirement, and every last launch is booked.

Friendly reminder, this is ranked by PAYLOAD VOLUME CURRENTLY; however, their lift capabilities are listed below.

[BSCN @BSCNews]

Stellar just landed institutional tokenized gold and is putting its own treasury behind it

@matrixdock, Asia's largest real-world asset platform, expanded its tokenized gold token XAUm to @StellarOrg, backed 1:1 by LBMA-accredited bullion. The Stellar Development Foundation is making a direct investment in XAUm as part of its treasury diversification.

XAUm ranks among the world's top four tokenized gold products. Stellar's total RWA and stablecoin value has now reached $3.35B.

[Reads with Ravi @readswithravi]

Win in decades.

[Bible 365 @Bible365_]

Psalm 119:37

[Jim Knox @Jim_Knox589]

What if Mr. Pool’s biggest clue wasn’t about the squeeze…

Everyone assumes it’s just about a short squeeze.

But what if the real clue was why it happened?

VW exploded because Porsche quietly accumulated control before anyone fully understood what was happening.

Now think about XRP.

What if there’s a hidden whale that hasn’t been revealed yet?

Mr. Pool has hinted at the VW chart for years.

Then there’s the 74% held by Porsche…

An interesting number when you think about 7/4 and all the “Independence” hints we’ve seen.

Coincidence?

Maybe.

But what if the real catalyst isn’t retail…

It’s the announcement that a major entity has been quietly accumulating all along.

The US government?

A sovereign wealth fund?

Blackrock?

Or something none of us are even considering.

Just a theory.

But if Mr. Pool’s VW references were about hidden accumulation rather than the squeeze itself…

Everything suddenly looks very different.

[Serenity @aleabitoreddit]

$SPCX / Elon Musk acquires Mesh, an optical networking startup.

Which is working on 1.6T OSFP (pluggable).

It’s seems they own the optical engine/packaging side of things, but likely sources CW DFB lasers off merchant companies.

$SIVE is one of the more startup friendly plausible merchant suppliers as seen with Ayar to $POET?

Maybe $LITE and $MTSI that were have a little history too, but less so.

Regardless it’s very positive a lot of startups recently like Celestial have been acquired by Marvell.

For both merchant laser supplier revenue (working with startups -> having hyperscalers like SpaceX drive revenue after being designed in already).

As well as valuations from M&A desirability.

Goes to show how optical interconnects is the right direction if Elon Musk is directly buying these companies.

[DTCC @The_DTCC]

Traditional and tokenized assets represent the same underlying asset.

Tokenization rethinks how that asset is recorded, transferred, and accessed across markets.

Learn more: https://t.co/klG7Tfhu1N

[Bird @Bird_XRPL]

The most famous Riddler chart is looking pretty damn accurate right now.

Feels like we’re setting up for that final parabolic god candle as the major catalysts hit: SWIFT, DTCC and Clarity Act news all lining up at once.

Could get very interesting for XRP, very fast.

[Dhruv Batura @dbatura]

Today, we're releasing @XMoney to a subset of US Premium+ users to collect feedback and iron out issues ahead of a broader launch. As appreciation for being an early user, we're extending our internal perks to this group for a limited time. Notifications going out now!

[Ripple @Ripple]

We're proud to announce that Ripple USD ($RLUSD) is now officially available in Japan, following approval from the Japan Financial Services Agency (JFSA): https://t.co/ChkYMQ6kxW

Through our partnership with SBI Group and @sbivc_official, $RLUSD will be accessible to both institutional and retail users via the VCTRADE platform, serving as a bridge for payments, tokenization, and collateral management.

With $1.7 billion in market cap and a 10-year relationship with SBI, this is a significant milestone in advancing regulated stablecoin adoption across Asia.

[Insider Paper @TheInsiderPaper]

🚨 Multiple countries hit with strong earthquakes today

- M5.6 California, USA 🇺🇸
- M7.1 Venezuela 🇻🇪
- M7.5 Venezuela 🇻🇪
- M6.9 Japan 🇯🇵