📈 $JST is heating up with surging on-chain activity, per @CoinMarketCap: 🔹Market Cap: $943.04M 🔹24h Volume: $49.71M (+8.16%) 🔹Price (24h): +1.68% The sharp spike in trading volume shows growing momentum for #JustLendDAO#. 🔥

$25 A DAY: BITCOIN OR ASST FOR FIVE YEARS? I modeled 1,825 daily purchases totaling $45,625. The assumptions: Bitcoin rises from $63,561 to $500,000 ASST holds 20,167 BTC throughout ASST buys and sells zero Bitcoin $782.95 million of preferred stock costs 13% annually Common shares are issued to fund those dividends ASST begins at $12.42 and 1.5121× CEBE mNAV Here is the payoff. BITCOIN The DCA accumulates 0.215795 BTC at an average cost of $211,427. Final value: $107,898 Profit: $62,273 Return: +136% Money multiple: 2.36× ASST AT 1.0× mNAV - mNAV collapses to 1.0 ASST finishes at $98.98. The DCA accumulates 915.02 shares worth: $90,569 Profit: $44,944 Return: +99% Money multiple: 1.99× Bitcoin wins by $17,329. ASST AT 1.5121× mNAV - stays the same ASST finishes at $151.68. The DCA accumulates 805.58 shares worth: $122,193 Profit: $76,568 Return: +168% Money multiple: 2.68× ASST beats Bitcoin by $14,295, or 13.3%. ASST AT 2.0× mNAV - mNAV goes up ASST finishes at $202.38. The DCA accumulates 734.87 shares worth: $148,722 Profit: $103,097 Return: +226% Money multiple: 3.26× ASST beats Bitcoin by $40,825, or 37.8%. The breakeven is approximately 1.281× terminal mNAV. Below that multiple, Bitcoin wins. Above it, ASST wins. ASST never acquires another coin in this model, yet its CEBE sats per share still rise from 12,922 to roughly 19,800–20,238. That makes mNAV matter twice. It determines the terminal valuation, and it determines how many shares ASST must issue along the way to raise the same number of dollars. At 1.0×, dilution wins. Above roughly 1.281×, the residual balance-sheet leverage wins. Bitcoin is the cleaner asset. ASST is the wager that Bitcoin reaches $500,000 before the capital structure eats the amplification.

KB Securities outlook on $DRAM $SKHY $MU “Samsung Electronics and SK Hynix are expected to escape from an extreme undervaluation phase.” Hyperscalers’ AI infrastructure investment next year is projected at $1.3 trillion, up 60% from this year. Memory’s share of AI infrastructure investment is expected to rise from 14% in 2025 → 40% in 2026 → 57% in 2027. TrendForce sees it even higher at 68%. “The current extreme undervaluation could lead to a powerful re-rating.” Over the next three years both companies’ earnings could hit all-time highs, and large-scale shareholder-return policies are expected to continue.

Devin Fusion has claimed a top score of 68 on the @ArtificialAnlys Coding Agent Index with an Opus 5.5 lead and GPT-6 Luna sidekick. Devin Fusion outperforms Claude Code with Opus 5.5 on both performance and price – earning a score of 68 at a 31% lower cost per task.

BREAKING: The 3x leveraged long semiconductor ETF, $SOXL, attracted a record +$1.03 billion in inflows on Tuesday. At the same time, the 3x leveraged short semiconductor ETF, $SOXS, posted -$230 million in outflows, the largest daily outflow since late March. Furthermore, the 3x leveraged long Nasdaq 100 ETF, $TQQQ, saw +$161 million in inflows, the highest daily intake since March 31. In other words, $SOXL inflows were more than 6 times larger than $TQQQ inflows, as investors concentrated their bullish bets in semiconductors. $SOXL is now up +354% since the March 30th bottom, the largest 31-day increase since the fund launched in 2010. This comes as the semiconductor sector, $SOX, is up +68% over the same period, the 3rd-best 31-day performance on record. The run in semiconductor stocks is truly historic.

CHINA IS EXPANDING THE YUAN’S ROLE IN GLOBAL FINANCE, INVESTMENT AND RESERVES, WITH ITS SHARE OF GLOBAL TRADE FINANCE AT 9.14% VERSUS 80.68% FOR THE US DOLLAR. BEIJING IS DEVELOPING OFFSHORE INVESTMENTS, BONDS AND HEDGING TOOLS TO ATTRACT INTERNATIONAL INVESTORS.