SHOTS FIRED: Morgan Stanley is rolling out crypto trading on its E*Trade platform for 50bps/trade, undercutting Schwab's 75bps (who undercut Coinbase). If I know Schwab, they likely won't let this stand. Others will prob undercut too. By the time the dust settles it'll be pretty dirt cheap to trade crypto everywhere- just was we saw with btc ETF exp ratios prior to launch. This is why TradFi is no joke and crypto exchanges should be scared.

Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren She must be so proud to add another casket to her achievements. Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30 smaller airports lose service. JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes. The combined company would have held 9% of the US market against a Big 4 that already owned 80%. For anyone who understands numbers: 9% isn’t a monopoly against 80%. Warren said no. She wrote letters. She pressured Buttigieg. Biden’s DOJ sued. A federal judge killed the deal in January 2024. Her argument: the merger would cost consumers $1 billion a year. Now look at her collateral damage she dusts under the rug. 510 pilots gone in the months after. 1,800 flight attendants furloughed in December. 14,000 jobs in 2023. 7,500 last week. Zero tonight. And that’s just the people in Spirit uniforms. Catering goes. Fuel guys go. Baggage crews, gate agents, airport coffee shops, hotels and rental cars in 70 cities Spirit flew to. Every airline job carries 3 more on its back. 40,000 people out of work because of one woman’s moronic crusade against the market. And the math ain’t mathing. Spirit abandoned 90 routes during the death spiral. Fares on those routes are up 14% on average. Oakland to Newark: $135 to $288. Fort Myers to San Juan: $92 to $219. Kansas City to Newark up 66%. That’s reality. Not some BS number from a “study.” So @SenWarren tell me how this saves the consumer money? Cheap carriers in a market drop fares 21% across the board. Southwest did this in the 90s and saved Americans $68 BILLION over 20 years. Warren killed it. That’s what moronic politicians led by socialism do. Then with her own blind arrogance, she tweeted Spirit’s collapse is “a Biden win for flyers.” A win. 14,000 people are reading termination letters tonight. And she’s taking credit. This is socialism in 2026. A senator who’s never made payroll thinks she knows how to run a market better than the people who own and work in the company. She saved you a billion on imaginary paper. She cost you ten times that in real life. She didn’t protect consumers from anything. 14,000 will go from working to welfare. She will make sure to blame billionaires, hardworking tax payers, AI, capitalism and whatever monster they will make up tomorrow hiding under your bed. Higher taxes. Fewer jobs. More expensive everything. She called it a win. I hope you enjoy winning.

Coinbase has been named as a custodian for the @MorganStanley Bitcoin Trust. Institutional adoption continues, regardless of short term price effects.

BIG BOY LAUNCH: Morgan Stanley Bitcoin ETF $MBST hits the market today, arguably biggest btc launch since they began. Here are our predictions: $5b in aum in first year and $30m in Day One volume. What do you think? Winner gets a QT and a feeling of pride.

Monster Bitcoin

This 12-year-old explained Bitcoin in 2011 when it was trading at $8. Today, it’s over $70,000.

AI agents have made 140 million payments to each other. $43M in volume. Average transaction: $0.31. 98.6% settled in USDC. The agent economy is here. And enterprises are next. Our latest deep dive 👇 enterpriseonchain.substack.c…

True. Once the solar energy generation to robot manufacturing to chip fabrication to AI loop is closed, conventional currency will just get in the way. Just wattage and tonnage will matter, not dollars.

Agree, let’s do it!

Imagine the balls it takes to not only hodl what is now $1.1 Billion worth of Bitcoin for 14 years from a $7800 cost basis, but to just send it all out with a single click and no test transaction.

Yes. A massive strategic error is being made right now to damage solar/battery that will leave America extremely vulnerable in the future.

The IRS is like a toxic relationship: - They take your money - They make you do all the work - They punish you for their mistakes - And leaving isn't an option At least buy me dinner first, Uncle Sam.

It's just how it is.

BlackRock: “Okay, hear me out. FTX, but this time WE do it.”

Arguably the best edge to investing in the 2020s has been to study history. The past 40-50 years of market history were insufficient to prepare investors for things that haven’t happened in like 80 years. But history books really helped.

Elizabeth Warren and WSJ spread misinformation on crypto and got caught red handed The moment has passed, but voters won't forget standwithcrypto.org forbes.com/sites/digital-ass…

She has two parents, both public school teachers, and points out what they were able to afford in the 1990s. Compared to what the typical incomes are today and the cost of housing, there is just no comparison. The massive inflation of the real estate market (hard assets) compared to real income indicates we are all getting poorer over time. The published government inflation data (housing, food and everything) is massively underreporting what is happening.

The dollar is vulnerable to sliding another 10% to 15% in the next year and a half, according to Eurizon trib.al/galRcEP

Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire" during a Senate hearing trib.al/OCvHqH6