Hey there weekday warrior,
Oh my God, ok, it’s happening… we’re getting a strategic crypto reserve.
Enjoy the next 4 minutes and 23 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
PS, one more sleep until we’re back to a normal King Sized newsletter. Today, enjoy the bite-sized TWC.
Source: Giphy
+ I can guarantee you didn’t have a better weekend than Michael Saylor…
Donny Crypto came ready to refresh the news cycle this weekend. Per a Truth Social post from #47, the US is on its way to a strategic crypto reserve comprised of BTC, ETH, XRP, SOL, and ADA… a speedball of sh*tcoins, if you will.
The crypto market mooned (duh), mostly because the announcement marks the first time Donny’s dropped the ‘R’ word instead of referring to a crypto ‘stockpile’. The news reversed the recent bloodbath that had the crypto bros’ backs against the wall.
+ "Seems like a 2030 problem.” - Intel’s new CEO
Just when you thought things couldn’t get any more bleak for Ohio, Intel (+2.7%) announced it plans to delay the build-out of its new $28B chip manufacturing plants in the Buckeye state.
Construction was slated to begin in 2025 but will now be moved to the back burner (in hopes everyone just kinda forgets this ever happened). Intel now says it won’t complete the construction of its two new plants until 2030 & 2031. In the company’s defense, investors probably should have seen this coming (see: 10 nm chip sh*tshow).
Friendly reminder that Intel was the primary recipient of Biden’s $8B CHIPS and Science Act grant to build new facilities in the US. *DOGE has entered the chat*.
In other news (that could not have been more poorly timed), brand-new CEO Michelle Johnston Holthaus just secured a fresh comp package (spoiler: they didn’t bring her salary down).
+ As a parent, you can’t choose favorites, but J-Poww can. On Friday, the Fed’s preferred inflation index (core PCE) dropped. Prices increased 0.3% for the month of January and rose 2.6% annually. That’s better than December’s 2.9%, but still not anywhere near the Fed’s mandate (2%).
+ No one’s blown a lead like this since the 2017 Super Bowl (sorry, Falcons). Skype is dead and buried. The original Zoom is being shuttered and rolled up into Microsoft (+1.1%) Teams.
+ “No, the acquisition won’t affect your current role.” GrubHub just laid off 500 employees, or 20% of its staff, less than 2 months after being acquired by its rival Wonder.
+ Ryan Reynolds’ streaming TV ad company MNTN filed for its IPO on Friday. Asking for a friend, would you say this IPO will be more Deadpool or Green Lantern?
+ Google’s Sergey Brin says 60 hours per week in the office is ‘sweet spot’ for AI workers. ‘Sent from my Super Yacht.’
🔥The happiest people never do these 7 things, says expert. #3: Forget to take their SSRIs.
FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.
+ US stocks “seesawed Friday, but all three major indexes closed the month in the red — a sign of increasing unease in markets.” (CNN)
+ The 10-year yield tumbled “after a spat between President Donald Trump and Ukrainian President Volodymyr Zelenskyy raised concern over growing geopolitical tensions.” (CNBC)
+ Oil “prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents while also bracing for Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region.” (Reuters)
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Visa +1.9% 2) Nvidia +3.8% 3) Hims & Hers Health +9.0%
⏪ On Friday…
+ fuboTV reported before the bell
+ Core PCE (think: the Fed’s preferred inflation gauge) for January dropped
⏩ Today we’re keeping an eye on…
+ Plug Power and Hut 8 report before the bell
+ AST SpaceMobile, GitLab, NuScale, and GigaCloud report after the bell
Friday, I asked, “Have you ever read The Water Coolest on the toilet?”
Yes won with 52.7% of the vote.
Here’s what some of you guys had to say…
Yes: “Have 5 kids, then tell me where you find most of your alone time.“
No: “No, it requires too much concentration. ”
Almost exclusively: “I save the newsletter all morning til it's go time.”
And here’s today’s question…
What tech do you wish you could have saved?
This might be the best SNL skit in the last 20 years
— #The Degenerate (#@TheDegenWeekly)
1:57 PM • Mar 2, 2025
Oh, and one more thing…
What did you think about today's newsletter?
Does this look like the face of a guy you should take financial advice from?
No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...
This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.