Syz the moment

14 years ago, Laszlo Hanyecz, a Floridian programmer, bought 2 Papa John's pizzas for 10,000 $BTC. Today, those pizzas would be valued at $700 million.

The company is now the third-largest in the world, trailing only $MSFT and $AAPL, after seeing its market cap rise by 200% over the last year alone. Will the brutal momentum continue? Source: Quartr

We just experienced one of the steepest 2-week changes in history. Source: Tavi Costa, Bloomberg

Source: Barchart, Visual Capitalist, Pitchbook

These reserves were established to supplement in times of a natural disaster. However, the Biden Administration said this is a move to lower gas prices ahead of the summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. Energy Department officials said this should help create lower gas prices by July 4th. Energy inflation is still a major issue. Source: The Kobeissi Letter

by Evan, SPEAR

ABNB's interest income has skyrocketed to $777 million over the past 12 months. This return is more akin to a bank than a travel company. ABNB benefits from being the Merchant of Record which means that it is the party that processes and distributes the actual payment for a product or service. When a customer makes a booking on Airbnb, Airbnb receives the cash in advance. This cash is held on behalf of the host and paid out once the service has been provided. With the interestrate hikes over the past year, Airbnb was able to benefit from investing the cash in short-term US Treasury bills before paying it out to hosts. Source: Wolf of Harcourt Street

Source: Radar🚨