CEO Notes

Tether just put on a suit

For a decade, Tether (USD₮) was the “offshore casino chip,” massive, liquid, but operating in the regulatory shadows. Wall Street ignored it; regulators…

Feb 11 • Marc Baumann and Sangam Bharti

The U.S. crypto battlefield

Hey, it’s Marc & 51 team,

Feb 11 • Marc Baumann and Sangam Bharti

Why crypto broke

Three pipes burst at the same time: the U.S. Treasury sucked $200B out of bank reserves, Japan ended 30 years of free-money leverage, and AI's hype…

Feb 10 • Marc Baumann and Sangam Bharti

Hong Kong built the rails. Will the trains arrive?

Hey, it’s Marc & 51 team,

Feb 5 • Marc Baumann and Sangam Bharti

Buy Bitcoin. Then What?

Hey, it’s Marc & 51 team,

Feb 3 • Marc Baumann and Sangam Bharti

Crypto's $2.1B Custody IPO

Hey, it’s Marc,

Jan 29 • Marc Baumann, Sangam Bharti, and Chandan

Re-Engineering of US Derivatives Markets

[Our daily CEO briefing for PRO readers; PDF at the bottom]

Dec 10, 2025 • Marc Baumann and Sangam Bharti

Coinbase goes full-stack, acquires Echo for $375M

[Our daily CEO briefing for PRO readers; PDF below]

Oct 22, 2025 • Marc Baumann

Ant Group's Builds On Ethereum

[Our daily CEO briefing for PRO readers; PDF below]

Oct 17, 2025 • Marc Baumann and Sangam Bharti

BlackRock Will Tokenize Everything

[Our daily CEO briefing for PRO readers; PDF below]

Oct 14, 2025 • Marc Baumann

Crypto’s Biggest Liquidation Ever

[Our daily CEO briefing for PRO readers]

Oct 13, 2025 • Marc Baumann and Sangam Bharti

Banks come for Tether

[Our daily CEO briefing for PRO readers]

Oct 10, 2025 • Marc Baumann

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