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$NBIS trades at 8.1x committed ARR versus 5.1x for $IREN and 2.5x for $CRWV even though CoreWeave has ~$35B committed compared with Nebius at ~$10B and IREN at ~$4B. Essentially the difference is Nebius has only ~250 MW active against 3.5 GW contracted with ~75% of that future capacity on owned sites meaning most of its potential growth is still ahead. Nebius also generates~$13M in revenue per MW versus ~$11M for CoreWeave as inference software expands helping explain the premium alongside CoreWeave’s heavier debt.

Tariffs added 2.9 percentage points to consumer goods inflation at their February 2026 peak, per New York Fed research. Without them, goods prices would have fallen slightly. Since then, the effect has faded fast, after the Supreme Court struck down Trump’s emergency tariffs. The NY Fed now expects tariffs to actually pull goods inflation below zero into early 2027.

New York's American Museum of Natural History opened 'Monarch's Journey,' an exhibit using cartoonist Peter Kuper's art to depict monarch butterflies' migration from the northern US and Canada to Mexico

Mayne is excited about a shift in crypto valuations, where tokens like $HYPE can be analyzed through business revenue, token buybacks and financial fundamentals rather than market cycles alone “You used to look at these tokens, okay, it's cyclical in nature. It's a good time to allocate to altcoins” “Now we're arguably at a place where, when you're analyzing something like Hyperliquid or Lighter, we can use traditional finance models because these are revenue-generating businesses” “Hyperliquid made all-time highs during the bear market. Obviously, this is a super profitable business. They're buying back the token constantly” “I'm very excited to see more tokens based on companies that make money, and we can use things outside of just the chart to determine if this is a good place to allocate your capital” “Hyperliquid, I think, is obviously the gold standard, but Lighter too, arguably, and hopefully some more tokens where we can say, okay, how much money do they make?” “We can do actual earnings snapshots like you do with a regular stock to determine allocating to some of these businesses. The maturation of the industry in general, super exciting” ft: @Tradermayne

Mayne is excited about a shift in crypto valuations, where tokens like $HYPE can be analyzed through business revenue, token buybacks and financial fundamentals rather than market cycles alone “You used to look at these tokens, okay, it's cyclical in nature. It's a good time to allocate to altcoins” “Now we're arguably at a place where, when you're analyzing something like Hyperliquid or Lighter, we can use traditional finance models because these are revenue-generating businesses” “Hyperliquid made all-time highs during the bear market. Obviously, this is a super profitable business. They're buying back the token constantly” “I'm very excited to see more tokens based on companies that make money, and we can use things outside of just the chart to determine if this is a good place to allocate your capital” “Hyperliquid, I think, is obviously the gold standard, but Lighter too, arguably, and hopefully some more tokens where we can say, okay, how much money do they make?” “We can do actual earnings snapshots like you do with a regular stock to determine allocating to some of these businesses. The maturation of the industry in general, super exciting” ft: @Tradermayne