A recent paper suggests that bond investors may be less sophisticated than equity investors, particularly regarding Strategy's bonds, which are valued incorrectly. While equity investors are reportedly paying the right price, bond investors overpay, making Strategy valuable enough to warrant a premium over NAV. The paper indicates that Strategy’s complex bonds, designed to obscure risks and highlight returns, are driven by Michael Saylor’s strategies. The concern is that the demand for overpriced debt isn't infinite, with projections indicating this could last about eight years. Meanwhile, there are developments in the Hyperliquid stablecoin arena, where a DAO is set to decide on issuing USDH, with skepticism about the process favoring Native Markets. Lastly, Justin Sun's controversial leadership at Tron is scrutinized, revealing alleged insider trading practices and a disregard for regulations as he pushes the boundaries of legal compliance in his operations.

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