2Bullish

Kraken's decision to shut down its NFT marketplace marks a significant shift in the company's focus and a reflection of the challenges within the NFT space. Launched in December 2022, Kraken's NFT marketplace aimed to attract users with unique services like custody solutions and the ability to use NFTs as collateral. However, the broader NFT market, still reeling from the crypto bear market of 2022, hasn't bounced back as strongly as anticipated. Despite a recent uptick following pro-crypto m...

1. IRS Regulations Are TighteningExpanded Reporting Obligations: The IRS now requires brokers to report detailed information on digital asset transactions, including gross proceeds, cost basis, and holding periods.Covered Assets: Cryptocurrencies, stablecoins, and NFTs are all included.Timeline: Basis reporting begins in 2026, but tracking rules are effective starting in 2025.Form 1099-DA: This new reporting mechanism consolidates critical transaction details, ensuring transparency but also c...

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This scenario feels like a real-life “pot calling the kettle black” moment—Beyond, which has had its own rollercoaster of financial and operational woes, is raising eyebrows at The Container Store’s ability to secure acceptable financing. It's a strange case of one struggling retailer critiquing another’s capacity to find stability. The core issue revolves around Beyond’s concerns that The Container Store's proposed financing terms aren't strong enough to complete their $40 million partnershi...

MicroStrategy continues to redefine its identity, transforming from a conventional software company into a de facto Bitcoin investment vehicle. With its recent acquisition of 27,200 bitcoins at an average price of $74,463, the company’s total holdings now stand at 279,420 bitcoins, purchased at an average price of $42,692 per coin. This bold strategy has made MicroStrategy a lightning rod for both acclaim and criticism, positioning it as a leveraged proxy for Bitcoin’s price trajectory.The Bu...

So many things to unpack this week! But key among them is, will the LA Rams win the superbowl…really can you defeat a Bengal in the year of the tiger!

Economic Overview and Investment Path ForwardThe current economic environment is defined by cautious fiscal policy, evolving monetary policy, and structural shifts in labor and trade dynamics. Here’s a summary of the situation and strategies for navigating investments in such an environment:Economic Drivers and ChallengesFiscal Policy:Outlook: Limited fiscal stimulus in the short term with modest tax adjustments that are unlikely to substantially boost growth.Implication: Private sector activ...