Market Sentiment & Investment Strategies - Mark Spitznagel's firm, Universal Investments, manages $20 billion in assets under a tail risk hedge fund strategy [4] - Despite his firm's usual pessimism, Spitznagel is currently bullish on stocks, expecting them to surge higher before a correction, drawing parallels to early 1929 [4] - US margin debt is at an all-time high, which is considered a bullish indicator, while retail investors had the highest weekly inflow into the market for 2025 [4] - The bond market is pricing in two more 25 basis point cuts this year and three more 25 basis point cuts next year, potentially bringing the Fed funds rate below 3% [4] Housing Market Analysis - US incomes need to spike 60% to return to pre-pandemic housing affordability levels [4] - Home prices would need to fall 38% to return to pre-pandemic housing affordability levels [4] - Mortgage rates need to fall more than 400 basis points from over 65% down to under 23% to return to pre-pandemic affordability levels [4] Trading & Market Dynamics - Retail volume in derivatives has increased significantly, with options, futures, and options on futures now representing close to 80% of the market, compared to 8% previously [3] - Event-based markets are currently trading with high fees (1% per transaction), making them less attractive compared to traditional markets like Apple (approximately $1 per $100,000 traded) [21][22] - The speaker expresses concern about the frothy stock market, noting the difficulty in finding cheap assets across various sectors, commodities, and countries [5][6] - The speaker is selling a lot of stock and trading a lot also, and is concerned that there are no bears right now [36][37]

SCARLETT: LIVE FROM BLOOMBERG HEADQUARTERS IN NEW YORK, I AM SCARLET FU. TIM: I AM TIM STENOVEC. SCARLET: WE WILL SPEAK WITH THE FOUNDER AND CEO OF GALAXY DIGITAL.TIM: PLUS MORGAN STANLEY PARTNERS TO LET E*TRADE CLIENTS TRAIT POPULAR COINS NEXT YEAR. SCARLET: AND SEC CHAIR PAWLAK AND SAYS HE WANTS TO MAKE IPO'S GREAT AGAIN AND HE IS LOOKING TO EXPAND THE APPROACH TOWARDS DIGITAL ASSETS. TIM: THAT IS ALL AHEAD ON BLOOMBERG CRYPTO.HERE IS A SNAPSHOT OF THE MARKET. DIGITAL ASSETS MOSTLY STUDY FOLLOWING THE SEL ...

Digital Assets & Streaming - The digital assets streaming sector is experiencing rapid growth [1] - A new standard for streaming experiences is being developed on @base [1] Platform & Features - @baseapp is the platform for real-time interactions and onchain features [1] - Viewers are evolving into active participants [1]

BlackRock’s Bitcoin and Ether ETFs are now bringing in more than $260 million annually, according to figures shared by Leon Waidmann, head of research at the Onchain Foundation (formerly the Lisk Foundation). In less than two years, BlackRock’s ETFs have earned a quarter-billion dollars, with $218 million from Bitcoin products and $42 million from Ethereum products. According to Waidmann, “this isn’t experimentation anymore. The world’s largest asset manager has proven that crypto is a serious profit cen ...

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for the first quarter of fiscal 2026, representing an increase of approximately 34% compared to $142,227 for the same period in fiscal 2025 [3] - Operating loss was approximately $3.3 million, compared to an operating loss of approximately $2.5 million for the first quarter of fiscal 2025 [4] - Loss per share improved to $1.27 from $5.10 in the first quarter of fiscal 2025 [4] - As of July 31, 2025, cash and cash equivalents stood at approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was primarily attributed to higher portal fees and increased revenues from services provided in exchange for equity securities [3] - One issuer accounted for 73% of the revenues during the quarter, successfully raising approximately $5 million from March 24, 2025, to May 30, 2025 [4] Market Data and Key Metrics Changes - The company is focusing on integrating blockchain, digital assets, and crypto with traditional finance, positioning itself to explore opportunities in decentralized finance (DeFi) [6][7] Company Strategy and Development Direction - The company is shifting its business model away from equity-based consulting revenue to build a stronger, more scalable business [5] - The establishment of a crypto advisory board aims to guide efforts in integrating blockchain and digital assets into the company's operations [6] - A game advisory board has been launched to advance strategic growth initiatives and deepen engagement with the online gaming community [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the solid performance of the core business, with revenue and portal fee growth exceeding 30% [5] - The company remains committed to driving long-term growth through innovation and execution, aiming to build the best fintech ecosystem [5] Other Important Information - The company serves a broad base of issuers and investors through its Netcapital Funding Portal and broker-dealer Netcapital Securities Inc. [7] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][10]

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for Q1 fiscal 2026, an increase of approximately 34% compared to $142,227 in Q1 fiscal 2025, primarily driven by increased portal fees and service revenues related to equity securities [3] - Operating loss was approximately $3.3 million in Q1 fiscal 2026, compared to a loss of approximately $2.5 million in Q1 fiscal 2025 [4] - Loss per share improved to $1.27 from $5.10 in the same period last year [4] - As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was significantly attributed to one issuer, which accounted for 73% of total revenues during the quarter [3] Market Data and Key Metrics Changes - The company is focusing on integrating blockchain, digital assets, and crypto with traditional finance, indicating a strategic shift towards decentralized finance (DeFi) [6][7] Company Strategy and Development Direction - The company is committed to driving long-term growth through innovation and execution, aiming to build a stronger and more scalable fintech ecosystem [5] - Establishment of a crypto advisory board to guide efforts in integrating blockchain and digital assets [6] - Launch of a game advisory board to enhance strategic growth initiatives and engagement with the online gaming community [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the encouraging results at the start of the fiscal year, highlighting solid performance in core business areas [5] - The strategic shift from equity-based consulting revenue to a focus on scalable business models is seen as a positive development [5] Other Important Information - The company aims to enhance its services through blockchain and digital asset innovation to lead future private market opportunities [7] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][11]

Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for the first quarter of fiscal 2026, representing an increase of approximately 34% compared to $142,227 for the same period in fiscal 2025 [3] - The operating loss was approximately $3.3 million, compared to an operating loss of approximately $2.5 million for the first quarter of fiscal 2025 [4] - The loss per share improved to $1.27 from $5.10 in the first quarter of fiscal 2025 [4] - As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was primarily attributed to an increase in portal fees and services provided in exchange for equity securities [3] - One issuer accounted for 73% of the revenues during the quarter, successfully raising approximately $5 million from March 24, 2025, to May 30, 2025 [4] Company Strategy and Development Direction - The company emphasized a strategic shift from equity-based consulting revenue to building a stronger, scalable business model [5] - The focus is on driving long-term growth through innovation and execution to build a robust fintech ecosystem [5] - The establishment of a crypto advisory board aims to integrate blockchain and digital assets with traditional finance, positioning the company for a larger role in fintech and decentralized finance (DeFi) [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the encouraging results at the start of the fiscal year, highlighting revenue and portal fee growth of over 30% [5] - The company aims to enhance its services through blockchain, crypto, and digital asset innovation to lead future private market opportunities [7] Other Important Information - A game advisory board was launched to advance strategic growth initiatives and deepen engagement with the online gaming community [6] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][10]

Core Insights - Silo Pharma has engaged Fireblocks as the custodian for its institutional crypto treasury platform, focusing on Bitcoin, Ethereum, and Solana [1][2] - The partnership aims to ensure enterprise-grade security and governance standards for managing digital assets, enhancing long-term value for shareholders [2][3] Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company, targeting underserved conditions such as stress-induced psychiatric disorders and chronic pain [3] - The company's therapeutic portfolio includes programs for PTSD, fibromyalgia, and preclinical assets for Alzheimer's disease and multiple sclerosis [3] Fireblocks Overview - Fireblocks is recognized for its secure platform that facilitates the transfer of over $6 trillion in digital assets, utilizing a multi-layer security framework [2][4] - The platform supports various financial entities, including exchanges, banks, and hedge funds, enabling them to scale their digital asset operations securely [4]

Investment Firm Strategy - YZi Labs, CZ's $10 billion investment firm, is considering opening to external investors and potentially converting into a public fund [1] - Investor interest in YZi Labs is strong, but the firm remains in early stages [1] Portfolio Allocation - Approximately 70% of YZi's portfolio is allocated to digital assets [1] - YZi received proposals from over 50 teams this summer to accumulate tokens [1] Regulatory Interest - SEC Chair Paul Atkins requested a private demo after missing YZi's NYSE event [1]

Core Viewpoint - Netcapital Inc. reported a revenue growth of over 30% in the first quarter of fiscal year 2026, indicating a successful shift in strategy towards building a scalable business model [2][3]. Financial Performance - Revenue increased approximately 34% year-over-year to $190,058 compared to $142,227 in the first quarter of fiscal year 2025 [7]. - The company posted an operating loss of ($3,285,648), which is an increase from the operating loss of ($2,508,237) for the same period last year [7]. - Loss per share improved to ($1.27) from ($5.10) in the first quarter of fiscal year 2025 [7]. - As of July 31, 2025, the company had cash and cash equivalents of $4,562,491, a significant increase from $289,428 as of April 30, 2025 [9]. Strategic Initiatives - The establishment of a Crypto Advisory Board aims to integrate blockchain and digital assets with traditional finance, positioning the company to explore opportunities in decentralized finance (DeFi) [3][5]. - The company’s consulting group, Netcapital Advisors, provides marketing and strategic advice while taking equity positions in select companies, enhancing its role in the fintech ecosystem [5]. Balance Sheet Overview - Total assets as of July 31, 2025, were $28,432,302, up from $20,901,491 as of April 30, 2025 [9]. - Total liabilities decreased to $5,305,386 from $5,995,767, indicating improved financial health [9]. - Stockholders' equity increased to $23,126,916 from $14,905,724, reflecting a stronger capital position [9].