The Wolf Den
Everything cryptocurrency and trading.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 1479 | Founded | 6 years ago | Last Issue | 41 hours ago |
| Active | |||||
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thewolfden.substack.comLatest Issues
Trump Made More From Crypto Than Coinbase Did
The 927-page financial disclosure the US Office of Government Ethics released Tuesday contains one fact the industry needs to sit with honestly.
President Trump personally earned at least $1.4 billion from crypto ventures in 2025.
That i...
The Stablecoin That Hasn’t Launched Yet And Already Cratered Circle
Yesterday I promised non-Strategy content for today. The market made that easy.
A stablecoin you had probably never heard of forty-eight hours ago was announced yesterday and dropped Circle’s stock between twelve and fifteen percent. The t...
Saylor Just Officially Ended The Never Sell Era
I had every intention of writing about something else today. Then Saylor filed an 8-K so big that pretending it didn’t happen would be malpractice. So here we are. Two Strategy pieces in two days. Send the angry emails to him, not me.
Yest...
Strategy’s Premium To Bitcoin Has Now Compressed Below One
Strategy’s enterprise multiple to net asset value, the most conservative measure of the premium the market assigns to the company relative to the bitcoin it holds, crossed below one over the weekend per a CoinDesk report published Friday af...
Two Out Of Every Three Actively-Held Bitcoin Are Underwater
Glassnode published a chart yesterday that broke my brain (a little).
10.83 million bitcoin are currently being held at a price below their acquisition cost. That is a record. It exceeds the post-FTX peak in late 2022. It exceeds every pri...
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Cryptocurrency news, analysis, charts, education and lessons on trading psychology and emotion.
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