Funds from SoftBank and others have gradually arrived, and Twenty One, led by Tether, rose 4% before the market opened.

06-03

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Here's the English translation: The US Bitcoin enterprise Twenty One, directly invested in by Tether, the world's largest stablecoin issuer, has successively purchased Bitcoin with raised funds and transferred them to related wallets. With the integration process nearly complete, CEP rose 4.1% before market opening today and has more than tripled since the announcement. According to Tether CEO Paolo Ardoino's tweet, the US Bitcoin enterprise Twenty One has successively purchased Bitcoin with raised funds and transferred them to Twenty One's related wallets. The disclosed transactions are as follows: - 10,500 Bitcoins purchased by Softbank through Tether - 4,812.22029710 Bitcoins from private investors (through private placement and convertible debt raising of $500 million) - 917.47360612 Bitcoins from convertible debt investors (additional $100 million raised in late May) - 14,000 Bitcoins directly transferred by Tether - 7,000 Bitcoins directly transferred by Bitfinex Twenty One currently owns 37,229 Bitcoins. The US Bitcoin enterprise Twenty One will go public through a merger with Cantor Equity Partners (stock code CEP), a special purpose acquisition company under Cantor Fitzgerald, with Jack Mallers, founder of Strike, serving as CEO. Its shareholders include Tether, Japanese Softbank Group, exchanges Bitfinex, and Cantor Fitzgerald. Tether and voting rights will will reach 51.7% after the new the giving it absolute say. Twenty One is currently "P Before the merger and "XXI" trading code. CEP was priced around $10 in April, rose to $59 on 5/1, and is currently around $44.99, rising 4.1% before market opening today. The exact date of conversion is not yet announced, but the official merger is is expected soon.

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The Illusion of the White Lotus Generation: Consumption Inflation Actually Stems from Asset Mimispricing
Free Money Printing consumption DiTheVerse of Asset
AI's Arrival and Middle Class Replacement: High-Salary White-Workers Are No Longer Capital's Favorites
Examining the Vulnerability of the US Dollar: The US Asset Retreat from a GlobalThe ending Arrives in Advance: When the the Asset Prosperity Cycle ReversesThe The illusion of TheConsumlotus Generation Consumption Inflation Actually Stems from Asset MisprSpr><>asset Theeia asset management company focused focused on real estate acquisition, team member @TraderNoah, recently published article Lotus Rich to Poor Story", deeply analyzing the US asset bubble and social structural changes, emphasizing that the US asset "asset prosperity" in the past 15 years is essentially a self-reinforcing cycle of asset prices and consumption habits, now heading towards its end. The "White Lotus Generation term" from the TV series "lotus to whourhigh-asset class vacatinioning tropical resorts. are US PR 90 to 99 white-collar class, owning considerable real estate and and stock allocations. From 2009 to 2024, their asset value expanded from $8.7 trillion to $32.1 trillion, with an average annual growth rate far higher than the previous 15 years.prosperity created wrong consumption habits and wealth perception for white-collar workers: Stock returns became part of compensation, and overly high assetvaluations further pushed corporate profits and consumption expenditures, forming a self-reinforcing cycle of asset Asset behavior. However, this illusion was built on loose monetary policyand policy passive investment waves, not on solid fundamentals. The article raises the core question: "If money can be printed infinprinteditely and interest rates remain low, can asset prices rise forever?" In the past 15 the up assetvaluations through low interest rates and government stimulus, creating seemingly stable economic prosperity: Asset price increases brought book wealth, encouraging consumption; companies incorporated stock returns into salary systems, further pushing demand and profits. However, when the entire society is "full of assets", marginal buyers can only come from two come economic surplus or leveraged financing". But in a high-interest rate era, leverage cannot be sustained, and economic surplus is ultimately limited by real output. When new buyers dry up, leverage cannot continue, and fundamentals cannot catch up, this mechanism will eventually reverse:: At this point, anyone one person selling will trigger a chain reaction. Assets have lost their investment, becoming a prisoner's diown di recent years, collar workers benefited from generative AI tools like ChatGPT, significantly improving productivity, but this is only a transitional phase. As AI transforms from an "enhancement tool" to a "replacement tool", companies discover that instead of hiring an analyst with a $150,000 annual salary, they can introduce an models for less than $2,,000 annually: For enterprises, this means short--term gross gross profit increases; for society, it, unemployment contraction for middle-class white-collar workers. In the short term, AI is expected to improve corporate gross margins and stock prices, but medium-term unemployment waves and income decdeclines will counterattack consumption.. When this "White Lotus layer" with the most US assets becomes the first to lose cash flow and become net sellers, it may trigger a market correction. . Focusing on early this year, Noah personally, personally observed in Mexico City's's Condesa area: "Americans enjoy food and living cost cost arbitrage here, with a large number of Silicon Valley engineers relocating overseas with high salaries." translation is complete.
This is an ongoing global labor reversal, where Americans are fleeing high prices while continuing to support their lifestyle with high assets.
This situation stems from the global overvaluation of the US dollar and the pursuit of US assets. However, as global capital depreciates with the dollar and begins to question the US deficit and political uncertainty (such as Trump's potential return), foreign buyers who traditionally bought US assets will exit, creating a risk of cascading collapse.
(The exit of US dollar hegemony is a necessary part of the US financial system transformation: How can investors respond to the "post-dollar era"?)
The ending arrives early: When the cycle of asset prosperity will reverse
Noah also predicted that in the next 15 years, the ratio of US household assets to income will drop from 800% to below 600%; the white-collar wage premium will also significantly converge:
When asset prices no longer rise and consumer purchasing power declines, government money printing will no longer be able to save the middle class's quality of life, and will only cause monetary dilution and capital transfer.
(Is the Federal Reserve powerless? Ray Dalio reveals the risks behind the US debt rating downgrade: "Inflation" is the real default)
He emphasized that the real risk is not the financial crisis itself, but the psychological turning point: when the market and consumers generally realize that "this is not a temporary adjustment, but a structural recession," it will be the beginning of the ultimate bubble burst. And this turning point may come faster than imagined.
Risk Warning
Cryptocurrency investment carries high risks, and its prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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