bearish signal: The Auntie Indicator went to a family function the other night and all the uncles and aunties wanted to ask me about crypto 😬

I think we are at peak growth investing as we know it — and the pendulum will swing back to value. for decades, companies with consistent free cash flow and low debt were celebrated as disciplined, well-run businesses. but in today’s markets, that isn’t enough. cash without growth becomes a drag. the public markets aren’t rewarding those fundamentals the way they used to. today, companies with explosive top-line growth — even if cash-burning — trade at generous multiples. meanwhile, value companies are boxed in. not by performance, but by perception. they generate strong earnings, but because reinvestment opportunities are limited and dividends are tax-inefficient, much of that capital ends up in short-term instruments yielding below inflation. the market sees this and assigns a low multiple, creating a cycle of undervaluation despite operational excellence. the public markets reward companies with vision — not just those with profits, but with a sense of where to put those profits. and the truth is, many mature companies have nowhere obvious to reinvest. their core businesses are stable. their margins are strong. but capital accumulates without momentum. the question becomes: what do you do with your surplus capital that both preserves shareholder value and signals a future-forward strategy? a growing number of companies are beginning to hold crypto on their balance sheets. as a way to store value in assets that can grow. as a hedge against fiat erosion. the current treasury companies are cool but an early iteration of what is to come. the sustainable version of digital asset treasury companies — will come from companies with free cash flow and few reinvestment needs — companies that realize they can’t outperform by playing the old treasury playbook. crypto offers something the others don’t: asymmetric upside with liquidity and independence. it’s a compliment to operating discipline. you can be conservative operationally and growth oriented in your treasury mgmt. it turns profits into optionality. in a world where holding fiat earns you nothing and giving it back to shareholders costs you tax, holding digital assets will soon be the most rational move. the best ceos will also become capital allocators. it’s just a matter of time. think utility companies, cash-rich industrials, legacy tech, or telecoms with nowhere exciting to reinvest. this is how value investing makes a raging comeback.

In Q2, Jupiter raked in a whopping $38.4 million from its product suite. It accounts for 90% of aggregator traffic on Solana and captures 50% across all blockchains, making it the unrivaled leader in DEX aggregation by volume. Explore @jupiterexchange's ambitious roadmap 👇

its extremely healthy for an ecosystem if the founder can say something ~80% of people disagree with and get flamed for it. healthy that the founder (@aeyakovenko in this case) is unafraid to give his honest opinions. healthy that the community doesn't hero-worship and reacts strongly. solana is the bryan johnson of crypto.

jupiverse collabs: both @rektcoin and @humafinance have been epic collaborations for the jupiverse this year, introducing our community to very cool ideas on brand coins & payfi, generational founders in @osf_rekt & @0xErbil (& team), and obviously those who took part did well too. the 3rd major collaboration with @0xfluid and @smykjain (Jupiter Lend) is yet to drop, but I’m confident will be a banger as well. these 3 collaborations also demonstrates the kind of projects we want to work with moving forward: 1. top tier idea 2. fantastic founder energy 3. jupiverse engagement importantly, the collabs did not stop there, we will work together with even more in coming years (yes, we think in years) to understand the rationale behind these collaborations, please take time to read these, where I explained them in detail: REKT: HUMA: FLUID: Moving forward, we would love to work with other top tier projects, whether it is in community partnerships, token launches, product JVs to push the future of crypto and web4 together. We can obviously only work with a very very small set of projects like this, but we are building platforms that will allow us to work with many more projects, teams and creators in a more scalable way. Do reach out to @benliewxyz if you would like to chat about anything at all, he’ll be helping sort it all out, with the goal of making sure nothing falls through the cracks. Let’s cook together! 🐱

investing in a home video setup remains underpriced. for $300-$1000, you can instantly & permanently improve your first impression online. absolute no brainer for any serious remote worker

memecoins are prediction markets for attention.

If you bought the @JupiterExchange x @rektdrinks drop last month you’re currently sitting on an 8x lmao.

Jup Pro analytics are UNDERRATED. I am fully transitioning from using GMGN to @JupiterExchange Pro to track prices & volumes. Love the ease of toggling time-frames to view volume and net buy trends. Super useful for High Frequency Liquidity @MeteoraAG DLMMing🔥

.@JupiterExchange is becoming the everything exchange for everyone, and they're now part of the MetaMask family! 🤝 Visit Jupiter and connect with the 🦊 to get started.