StocksLeak·Where the leaks Wall Street tries to bury surface first.
Read at stocksleak.com→A formal, disclosure-first research report on bitcoin as a monetary settlement asset and Coinbase as the regulated infrastructure that monetizes it. Structure, cash-flow drivers, valuation framework, catalysts, and a full list of what kills the thesis — written to be read by allocators in the United States, the United Arab Emirates and elsewhere, with the jurisdictional disclosures those readers need.
The Fed held at 3.50%–3.75% and three presidents voted to hike — the first triple hawkish dissent since 2016. The Dow lost 1,100 points, the S&P closed at 7,316, the Nasdaq made it six down days and the SOX fell more than 5% with Micron down double digits. Then the tape got Microsoft up, Meta down, Qualcomm down. Here is what actually broke, and whether there is more pain ahead.
June 23 was a positioning event, not a fundamental one. Five weeks on, MU has round-tripped the panic and SNDK hasn't — that divergence is the whole tell. Oil came back in today, crypto is holding its shelf and coiling, and the rotation map has quietly rebuilt itself. Here is what I think breaks next.
After Rogue Alpha, the follow-up is here. The Stock Operator: The Rise, Fall, and Return of an American Trader is now available on Amazon — a fully rewritten trading memoir covering SpeedTrader, SureTrader, the SEC trials, and the comeback. No ghostwriter, no filler. Available in Kindle and paperback.
The tape cracked the 740 line on the Google/Tesla hangover, S&P is testing the 735 shelf, SPCX is down 49% from the June peak trading around $110, and Brent just took out $100 on Houthi tanker attacks and Trump's Hormuz threats. Here's whether SNDK is actually flushed, whether the SpaceX bleed is done, and why money and oil are bid together.
Alphabet delivered a monster Q2 — Cloud +82%, revenue $119.8B — and hiked FY capex to $92B. Tesla missed EPS, revenue beat, and pushed Cybercab/Semi/Megapack timelines while lifting FY capex to $25B. Brent still bid above $94 as US strikes on Iran enter their twelfth night. Here is what actually happened, what to expect next, and where the AI capex arms race sends the tape.
Brent through $94, WTI near $85, an eleventh straight night of US strikes on Iran, Strait of Hormuz back on the table, and the tape still bidding AI into Google/Tesla earnings. Here is what is actually moving today, whether crude keeps going or unwinds again, and the macro regime I am trading against.
The SNDK long from $1,340 paid. I'm out — the second-leg thesis played out and the tape rolled the character I traded it for. COIN is a different animal: the stablecoin flywheel is compounding into every print, and my $200-plus target is still the number I'm playing for. Here's the exit logic, why I kept COIN, and the levels I'm running.
After 30+ years on the desk — SpeedTrader, SureTrader, two SEC trials, and more market cycles than I care to remember — I put the entire method into one book. Rogue Alpha is now available on Amazon Kindle. No course, no Discord, no signals — just the playbook I actually trade. Here's what's inside and why I finally shipped it on Amazon.
No. No fraud conviction, no fraud judgment, no industry bar.
No. No court, regulator, or arbitrator has ever made that finding.
No. The 2016 federal indictment was dismissed in January 2017.
Dismissed in 2017. The Government did not appeal.
A 2021 broker-dealer registration matter — not fraud — on appeal to the Eleventh Circuit.
A court-supervised orderly wind-up in the Bahamas (2019). Not a scam finding.
Yes — a cooperating witness for federal authorities. Explained on the record.
Not publicly disclosed. Third-party celebrity-net-worth estimates are unsourced.
