Casey Wagner

5 days ago | mail.blockworks.com | Jeffrey Albus |Casey Wagner |Ben Strack |Kate Irwin

Byron’s away, but Katherine Ross from the Empire newsletter will be here all week to keep you entertained. Today, the Queen of Scoops returns to regale us with part 2 of the drama involving the layer-2 incubated by Bitget and the spicy leadership changes underway at Morph. (You can find part 1 here). If you like this edition, you’re in luck. You’ll get a lot more like it when you give the Empire newsletter a subscribe.

1 week ago | forward-guidance.beehiiv.com | Casey Wagner |Ben Strack

Happy Friday, everyone! You probably saw the appeals court ruling that Trump’s tariffs can remain for now. Bitcoin dropped to $104,250 by 2 pm ET, down 6.7% from a week ago. Casey gives us an economic data rundown. But, in taking a break from macro, Ben shares the top lines out of yesterday’s Stablecon event in Manhattan. Here we go: With Circle’s IPO in progress and the wrap of yesterday’s inaugural Stablecon event in NYC, it’s a great time to talk about stablecoins.

1 week ago | mail.blockworks.com | Byron Gilliam |Jack Kubinec |Ben Strack |Casey Wagner

When Ross Perot‚Äôs ‚Äúcomputer facilities management‚ÄĚ startup Electronic Data Systems was listed on the stock exchange in 1968, the shares were offered at 118x earnings. It was an eye-popping valuation at the time ‚ÄĒ especially given the risks. EDS ‚Äúis in a precarious position,‚ÄĚ Fortune noted shortly after its IPO.

1 week ago | forward-guidance.beehiiv.com | Casey Wagner |Ben Strack

Today’s edition unpacks the continued convergence of crypto and TradFi. Plus, we take a look at how New York City Mayor Eric Adams seems to be taking a page out of Donald Trump’s crypto playbook. Here goes: As many in the US are enjoying a holiday weekend, let’s take a moment to catch our breath. Last week featured a couple milestones.

2 weeks ago | mail.blockworks.com | Byron Gilliam |Jeffrey Albus |Ben Strack |Casey Wagner

When Warren Buffett explained that the value of every stock, bond or business is a function of its future cash flows, he was paraphrasing John William Burr, who formally articulated the “discounted cash flow” (DCF) method of valuation in his 1938 book The Theory of Investment Value. Burr didn’t invent the ideas behind his calculations, however.