The future won’t wait for you.

@TFTC21

Stablecoin supply shrank by $14.2 billion in 30 days, the largest contraction since the 2022 bear market, according to Glassnode. To be fair, the June 2022 drop was nearly $30 billion, about twice as big. But less dollar liquidity on these rails means less fresh buying power.

@TFTC21

"it was literally the only plausible scenario that we could ever come up with where Republicans supported austerity and where the American people were clamoring for it." @honestpollster on how DOGE was the one real shot at fiscal reform.

@TFTC21

The Netherlands is moving to tax the wealthy harder. Two coalition parties, D66 and CDA, struck a deal with opposition parties to raise Box 3 taxes on wealthier people and cut income tax for workers by the same amount. The VVD is wavering. Who decides where "wealthy" starts?

@TFTC21

"what we have is a stealth depression among most Americans in the United States" @honestpollster on a stealth depression and the path to unrest.

@TFTC21

Israel Discount Bank will let customers buy, hold and sell bitcoin and ether in its mobile app starting November 26, Globes reports. Israel's largest bank, Leumi, announced its own crypto partnership with Galaxy back in August, so who gets to say "first" depends on who ships. • No separate wallet needed, it all sits in the bank app • The crypto is held alongside stocks and bonds • Sale proceeds go straight into the bank account • Gains and losses can be offset against the rest of the portfolio for tax purposes • Limited to private customers 18 and over with securities trading enabled • The Jerusalem Post adds a six-month waiver of account management fees • Leumi's Galaxy partnership covers bitcoin, ether and Solana, with launch expected in early 2027 Give it its due, this is a mainstream bank treating bitcoin like any other asset in the portfolio, and that's a real step for Israeli savers. If banks are racing to offer it, doesn't that tell you what customers are asking for? Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21

"you have the group of pollsters who I was affiliated with, who I believe were taking political action committee money from the Trump administration to suppress criticism of Trump" @honestpollster on pollsters allegedly paid to stay quiet on Trump.

@TFTC21

USDA's own analysis says about 6.3 million people would lose SNAP under a rule it proposed Nov 10, and federal spending would fall about $44.65 billion over five years. So who is actually being cut, and who picks up the bill? • About 3.2 million households would no longer qualify once the rule is fully in effect in fiscal 2029 • Automatic eligibility would be limited to households getting TANF assistance, ending the use of "non-cash or in-kind benefits or services" • About 1.78 million children would lose automatic eligibility for free school meals, but about 97% would still qualify based on household income • Of those children, about 1.66 million would still get free meals, 93,000 would move to reduced price and 28,000 would pay full price • Over the same period, states' net SNAP spending would fall about $5.24 billion, while their administrative costs would rise about $928.5 million Today a state can qualify a household automatically through a TANF-funded benefit, often just a pamphlet or a hotline referral, which skips the federal income and asset limits. USDA wants to close that door and call it savings. Nothing changes until the rule is finalized, but if you're a family near the income line, we should all be watching this closely.

@TFTC21

White House counsel Will Scharf wrote to Rep. Robert Garcia that planned Democratic probes of the administration "may cross the line into blatant criminality." The Washington Times reports the letter suggests the White House could investigate lawmakers who issue subpoenas.

@TFTC21

Strategy put about $188M into STRC buybacks last week, roughly 2.3x the $82M it spent on 1,036 BTC. Holdings now stand at 850,364 BTC. Saylor keeps stacking, but more cash went to defending the preferred than to bitcoin.

@TFTC21

MARA borrowed against its bitcoin in August and has now sold 13,597 BTC, about 40% of its stack, and repaid both loans in full. That is roughly $1.1B of bitcoin from one of the biggest public holders, sold in the weeks after quarter end. Why did a miner sitting on $2.8B of coins unload so much so fast? The 10-Q has the numbers. • MARA held 34,012 BTC on Sept 30, worth about $2.8B • It sold 13,597 BTC for about $1.1B, an average of roughly $81,039 per coin • $750M of the proceeds repaid the Coinbase and Two Prime loans, both entered into in August 2026 • All pledged bitcoin was released on repayment, including 17,477 BTC that secured the loans The miner comes out with the loans cleared, but it sold a huge chunk of its bitcoin along the way. Borrowing against your coins puts a lender between you and your stack, and that goes for a public company as much as anyone. Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21

Strategy raised $283.8M selling its common stock last week, and only $81.9M of it went to bitcoin. $188.3M went to buying back its own STRC preferred shares, more than twice what went into the coins. • 1,036 bitcoin bought between November 2 and November 8, at an average of $79,012 • About 2.05M MSTR shares sold for $283.8M in net proceeds • 1,887,464 STRC shares repurchased for $188.3M, the only repurchase that week • Holdings now 850,364 bitcoin, bought for $64.16B at an average of $75,456 • $560.3M still left on the digital credit repurchase program and $1.0B on the MSTR repurchase program STRC is the variable-rate preferred Strategy uses to fund its bitcoin buys. The company authorized a $1B repurchase program in June and doubled it to $2B in September, after STRC fell below its $100 par. So the machine that used to turn stock sales into bitcoin is now spending most of the proceeds supporting its own funding, and last week's buy came in above its average cost. If the preferred needs this much support, how long can the flywheel keep running on common stock sales? Worth watching closely.

@TFTC21

TFTC 809 w/ @honestpollster: "The president's out there banging on about election fraud, when his own pollster told him it was going to be a blue wave." We discuss: ⚡ The USS Trump-tanic ⚡ Who ran the White House ⚡ America's stealth depression

@TFTC21

Stablecoin supply shrank by $14.2 billion in 30 days, the largest contraction since the 2022 bear market, according to Glassnode. To be fair, the June 2022 drop was nearly $30 billion, about twice as big. But less dollar liquidity on these rails means less fresh buying power.

@TFTC21

"it was literally the only plausible scenario that we could ever come up with where Republicans supported austerity and where the American people were clamoring for it." @honestpollster on how DOGE was the one real shot at fiscal reform.

@TFTC21

The Netherlands is moving to tax the wealthy harder. Two coalition parties, D66 and CDA, struck a deal with opposition parties to raise Box 3 taxes on wealthier people and cut income tax for workers by the same amount. The VVD is wavering. Who decides where "wealthy" starts?

@TFTC21

"what we have is a stealth depression among most Americans in the United States" @honestpollster on a stealth depression and the path to unrest.

@TFTC21

Israel Discount Bank will let customers buy, hold and sell bitcoin and ether in its mobile app starting November 26, Globes reports. Israel's largest bank, Leumi, announced its own crypto partnership with Galaxy back in August, so who gets to say "first" depends on who ships. • No separate wallet needed, it all sits in the bank app • The crypto is held alongside stocks and bonds • Sale proceeds go straight into the bank account • Gains and losses can be offset against the rest of the portfolio for tax purposes • Limited to private customers 18 and over with securities trading enabled • The Jerusalem Post adds a six-month waiver of account management fees • Leumi's Galaxy partnership covers bitcoin, ether and Solana, with launch expected in early 2027 Give it its due, this is a mainstream bank treating bitcoin like any other asset in the portfolio, and that's a real step for Israeli savers. If banks are racing to offer it, doesn't that tell you what customers are asking for? Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21

"you have the group of pollsters who I was affiliated with, who I believe were taking political action committee money from the Trump administration to suppress criticism of Trump" @honestpollster on pollsters allegedly paid to stay quiet on Trump.

@TFTC21

USDA's own analysis says about 6.3 million people would lose SNAP under a rule it proposed Nov 10, and federal spending would fall about $44.65 billion over five years. So who is actually being cut, and who picks up the bill? • About 3.2 million households would no longer qualify once the rule is fully in effect in fiscal 2029 • Automatic eligibility would be limited to households getting TANF assistance, ending the use of "non-cash or in-kind benefits or services" • About 1.78 million children would lose automatic eligibility for free school meals, but about 97% would still qualify based on household income • Of those children, about 1.66 million would still get free meals, 93,000 would move to reduced price and 28,000 would pay full price • Over the same period, states' net SNAP spending would fall about $5.24 billion, while their administrative costs would rise about $928.5 million Today a state can qualify a household automatically through a TANF-funded benefit, often just a pamphlet or a hotline referral, which skips the federal income and asset limits. USDA wants to close that door and call it savings. Nothing changes until the rule is finalized, but if you're a family near the income line, we should all be watching this closely.

@TFTC21

White House counsel Will Scharf wrote to Rep. Robert Garcia that planned Democratic probes of the administration "may cross the line into blatant criminality." The Washington Times reports the letter suggests the White House could investigate lawmakers who issue subpoenas.

@TFTC21

Strategy put about $188M into STRC buybacks last week, roughly 2.3x the $82M it spent on 1,036 BTC. Holdings now stand at 850,364 BTC. Saylor keeps stacking, but more cash went to defending the preferred than to bitcoin.

@TFTC21

MARA borrowed against its bitcoin in August and has now sold 13,597 BTC, about 40% of its stack, and repaid both loans in full. That is roughly $1.1B of bitcoin from one of the biggest public holders, sold in the weeks after quarter end. Why did a miner sitting on $2.8B of coins unload so much so fast? The 10-Q has the numbers. • MARA held 34,012 BTC on Sept 30, worth about $2.8B • It sold 13,597 BTC for about $1.1B, an average of roughly $81,039 per coin • $750M of the proceeds repaid the Coinbase and Two Prime loans, both entered into in August 2026 • All pledged bitcoin was released on repayment, including 17,477 BTC that secured the loans The miner comes out with the loans cleared, but it sold a huge chunk of its bitcoin along the way. Borrowing against your coins puts a lender between you and your stack, and that goes for a public company as much as anyone. Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21

Strategy raised $283.8M selling its common stock last week, and only $81.9M of it went to bitcoin. $188.3M went to buying back its own STRC preferred shares, more than twice what went into the coins. • 1,036 bitcoin bought between November 2 and November 8, at an average of $79,012 • About 2.05M MSTR shares sold for $283.8M in net proceeds • 1,887,464 STRC shares repurchased for $188.3M, the only repurchase that week • Holdings now 850,364 bitcoin, bought for $64.16B at an average of $75,456 • $560.3M still left on the digital credit repurchase program and $1.0B on the MSTR repurchase program STRC is the variable-rate preferred Strategy uses to fund its bitcoin buys. The company authorized a $1B repurchase program in June and doubled it to $2B in September, after STRC fell below its $100 par. So the machine that used to turn stock sales into bitcoin is now spending most of the proceeds supporting its own funding, and last week's buy came in above its average cost. If the preferred needs this much support, how long can the flywheel keep running on common stock sales? Worth watching closely.

@TFTC21

TFTC 809 w/ @honestpollster: "The president's out there banging on about election fraud, when his own pollster told him it was going to be a blue wave." We discuss: ⚡ The USS Trump-tanic ⚡ Who ran the White House ⚡ America's stealth depression