{"id":"1794418598287-money-segment","slug":"stablecoin-supply-sees-biggest-drop-since-2022","title":"Stablecoin supply sees biggest drop since 2022","summary":"Total stablecoin supply fell $14.2 billion over 30 days, the fastest drop since June 2022, according to Glassnode. No factual claim to check; it's a personal announcement about his show.\n\nThe CFTC is investigating whether Kalshi improperly self-certified event contracts, after ordering it to take down sports-related \"mention markets\" in August.\n\nJetBlue unveiled new first class seats as part of efforts to return to profitability.\n\nTreasury Secretary Scott Bessent was moved to a military base amid reported Iranian threats related to his role in Operation Economic Outcast.\n\nJim Cramer outlined his plan to exit Intel and start a position in AMD on the CNBC Investing Club Morning Meeting.","publishedAt":"2026-11-11T17:36:38.287Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Lunch","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Total stablecoin supply fell $14.2 billion over 30 days, the fastest drop since June 2022, according to Glassnode. No factual claim to check; it's a personal announcement about his show.\nSource: [coinmarketcap.com](https://coinmarketcap.com/academy/article/bitcoin-holds-73k-stablecoin-supply-shrinks) NAMES: none POST 2120568939398725821: NOCLAIM none NA (https://x.com/WatcherGuru/status/2120569845460721839)\n\nTRUE: The CFTC is investigating whether Kalshi improperly self-certified event contracts, after ordering it to take down sports-related \"mention markets\" in August.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/11/cftc-investigates-if-kalshi-improperly-self-certified-event-contracts.html) NAMES: CFTC = Commodity Futures Trading C (https://www.cnbc.com/2026/11/11/cftc-investigates-if-kalshi-improperly-self-certified-event-contracts.html)\n\nTRUE: JetBlue unveiled new first class seats as part of efforts to return to profitability.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/11/jetblue-ceo-premium.html) NAMES: JetBlue = U.S. airline. (https://www.cnbc.com/2026/11/11/jetblue-ceo-premium.html)\n\nTRUE: Treasury Secretary Scott Bessent was moved to a military base amid reported Iranian threats related to his role in Operation Economic Outcast.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/11/us-iran-war-trump-hormuz-bessent-threats.html) NAMES: Bessent = Scott Bessent, U.S. Treasury Secretary; Operation Eco (https://www.cnbc.com/2026/11/11/us-iran-war-trump-hormuz-bessent-threats.html)\n\nTRUE: Jim Cramer outlined his plan to exit Intel and start a position in AMD on the CNBC Investing Club Morning Meeting.\nSource: [cnbc.com](https://www.cnbc.com/investingclub/2026/11/11/jim-cramers-plan-for-our-intel-position-plus-a-rotation-loser-to-buy-here.html) NAMES: Intel = Intel Co (https://www.cnbc.com/investingclub/2026/11/11/jim-cramers-plan-for-our-intel-position-plus-a-rotation-loser-to-buy-here.html)","claims":[{"verdict":"TRUE","summary":"Total stablecoin supply fell $14.2 billion over 30 days, the fastest drop since June 2022, according to Glassnode. No factual claim to check; it's a personal announcement about his show.","sourceName":"[coinmarketcap.com](https://coinmarketcap.com/academy/article/bitcoin-holds-73k-stablecoin-supply-shrinks) NAMES: none POST 2120568939398725821: NOCLAIM none NA","sourceUrl":"https://x.com/WatcherGuru/status/2120569845460721839","claim":"JUST IN: Crypto stablecoin supply drops by $14.2 billion, largest decline since the 2022 bear market. https://t.co/3YHM6lguvk","author":"Watcher.Guru (@WatcherGuru)"},{"verdict":"TRUE","summary":"The CFTC is investigating whether Kalshi improperly self-certified event contracts, after ordering it to take down sports-related \"mention markets\" in August.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/11/cftc-investigates-if-kalshi-improperly-self-certified-event-contracts.html) NAMES: CFTC = Commodity Futures Trading C","sourceUrl":"https://www.cnbc.com/2026/11/11/cftc-investigates-if-kalshi-improperly-self-certified-event-contracts.html","claim":"CFTC investigates if Kalshi improperly self-certified event contracts - News of the probe comes after the CFTC ordered Kalshi to take down a sports-related \"mention markets\" back in August.","author":"CNBC"},{"verdict":"TRUE","summary":"JetBlue unveiled new first class seats as part of efforts to return to profitability.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/11/jetblue-ceo-premium.html) NAMES: JetBlue = U.S. airline.","sourceUrl":"https://www.cnbc.com/2026/11/11/jetblue-ceo-premium.html","claim":"JetBlue unveils new first class seats to bring back profits - JetBlue will give reporters a look at its new first class seats on Wednesday.","author":"CNBC"},{"verdict":"TRUE","summary":"Treasury Secretary Scott Bessent was moved to a military base amid reported Iranian threats related to his role in Operation Economic Outcast.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/11/us-iran-war-trump-hormuz-bessent-threats.html) NAMES: Bessent = Scott Bessent, U.S. Treasury Secretary; Operation Eco","sourceUrl":"https://www.cnbc.com/2026/11/11/us-iran-war-trump-hormuz-bessent-threats.html","claim":"Bessent moved to military base amid 'growing threats' from Iran - Bessent's role leading Operation Economic Outcast has made him one of the Trump administration's top targets of Iranian threats, The New York Times reported.","author":"CNBC"},{"verdict":"TRUE","summary":"Jim Cramer outlined his plan to exit Intel and start a position in AMD on the CNBC Investing Club Morning Meeting.","sourceName":"[cnbc.com](https://www.cnbc.com/investingclub/2026/11/11/jim-cramers-plan-for-our-intel-position-plus-a-rotation-loser-to-buy-here.html) NAMES: Intel = Intel Co","sourceUrl":"https://www.cnbc.com/investingclub/2026/11/11/jim-cramers-plan-for-our-intel-position-plus-a-rotation-loser-to-buy-here.html","claim":"Jim Cramer's plan for our Intel position. Plus, a rotation loser to buy here - The Investing Club holds its \"Morning Meeting\" every weekday at 10:20 a.m. ET.","author":"CNBC"}]},"sources":[{"url":"https://x.com/WatcherGuru/status/2120569845460721839","name":"[coinmarketcap.com](https://coinmarketcap.com/academy/article/bitcoin-holds-73k-stablecoin-supply-shrinks) NAMES: none POST 2120568939398725821: NOCLAIM none NA","kind":"x","verdict":"TRUE","author":"Watcher.Guru (@WatcherGuru)"},{"url":"https://www.cnbc.com/2026/11/11/cftc-investigates-if-kalshi-improperly-self-certified-event-contracts.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/11/cftc-investigates-if-kalshi-improperly-self-certified-event-contracts.html) NAMES: CFTC = Commodity Futures Trading C","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/2026/11/11/jetblue-ceo-premium.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/11/jetblue-ceo-premium.html) NAMES: JetBlue = U.S. airline.","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/2026/11/11/us-iran-war-trump-hormuz-bessent-threats.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/11/us-iran-war-trump-hormuz-bessent-threats.html) NAMES: Bessent = Scott Bessent, U.S. Treasury Secretary; Operation Eco","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/investingclub/2026/11/11/jim-cramers-plan-for-our-intel-position-plus-a-rotation-loser-to-buy-here.html","name":"[cnbc.com](https://www.cnbc.com/investingclub/2026/11/11/jim-cramers-plan-for-our-intel-position-plus-a-rotation-loser-to-buy-here.html) NAMES: Intel = Intel Co","kind":"news","verdict":"TRUE","author":"CNBC"}],"url":"https://oncast.fm/story/1794418598287-money-segment-stablecoin-supply-sees-biggest-drop-since-2022","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794418598287-money-segment-stablecoin-supply-sees-biggest-drop-since-2022","cite":"Cite https://oncast.fm/story/1794418598287-money-segment-stablecoin-supply-sees-biggest-drop-since-2022 and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"Stablecoin supply just had its biggest drop since the 2022 bear market."},{"host":"Bill","text":"Fourteen billion dollars gone in a month? That's a real number."},{"host":"Adam","text":"Glassnode says total supply fell fourteen point two billion over thirty days. Fastest since June twenty twenty-two."},{"host":"Bill","text":"That's money leaving crypto, not just moving between coins. It's the exit door."},{"host":"Adam","text":"And it matters because stablecoins are the plumbing. When they shrink, the whole system runs dry."},{"host":"Bill","text":"Or people are just cashing out to pay rent. Not everything is a market signal."},{"host":"Adam","text":"Fourteen billion in a month isn't rent money. That's institutions pulling back."},{"host":"Bill","text":"Maybe. But Tether and Circle still hold eighty-five percent of the market. The big two aren't going anywhere."},{"host":"Adam","text":"Speaking of Circle, there's chatter on X that its stock is heading for its steepest one-day drop since June."},{"host":"Bill","text":"I saw that. A couple of accounts claiming JPMorgan, Wells Fargo, Goldman all cut price targets."},{"host":"Adam","text":"I can't confirm those cuts. But if the stablecoin supply is shrinking, Circle's revenue takes a hit. That's the logic."},{"host":"Bill","text":"And one research shop, Compass Point, reportedly upgraded it to buy. So the Street is split."},{"host":"Adam","text":"That's the thing about Circle. It's a toll booth on crypto traffic. Less traffic, less tolls."},{"host":"Adam","text":"Meanwhile, the CFTC is investigating Kalshi over whether it improperly self-certified event contracts."},{"host":"Bill","text":"This is the prediction market platform. The regulator already made them take down sports-related mention markets back in August."},{"host":"Adam","text":"CNBC is reporting the probe. The question is whether Kalshi cut corners on the self-certification process."},{"host":"Bill","text":"Self-certification is how these platforms get products to market fast. They certify their own compliance."},{"host":"Adam","text":"And the CFTC is saying, not so fast. If Kalshi abused that process, it's a big deal for the whole prediction market industry."},{"host":"Bill","text":"Prediction markets are having a moment. Polymarket, Kalshi, they're everywhere. Regulators were always going to catch up."},{"host":"Adam","text":"The irony is, these markets often get things right faster than the polls. But that doesn't mean they can skip the paperwork."},{"host":"Bill","text":"Nobody gets to skip the paperwork. Not even the smart kids."},{"host":"Adam","text":"Different world entirely: JetBlue is rolling out new first class seats to try to get back to profitability."},{"host":"Bill","text":"First class on JetBlue. That's like putting a chandelier in a diner."},{"host":"Adam","text":"Hey, they've been bleeding cash. Premium seats are where the margin is. Every airline knows it."},{"host":"Bill","text":"True. Delta and United make a fortune on the front of the plane. JetBlue wants a piece."},{"host":"Adam","text":"The question is whether their customers will pay up. JetBlue built its brand on cheap fares and decent legroom."},{"host":"Bill","text":"And now they want to be fancy. It's a pivot, and pivots are hard."},{"host":"Adam","text":"But they have to try something. The old model wasn't working."},{"host":"Bill","text":"Fair. And honestly, a lie-flat seat on a JetBlue red-eye? I'd take that over a middle seat in coach any day."},{"host":"Adam","text":"One more serious note. Treasury Secretary Bessent has been moved to a military base amid what CNBC calls growing threats from Iran."},{"host":"Bill","text":"That's a big deal. He's running Operation Economic Outcast, the pressure campaign on Iran."},{"host":"Adam","text":"The New York Times reported he's become one of the top targets of Iranian threats. Moving him to a base is a security call."},{"host":"Bill","text":"When a Treasury Secretary needs military protection, the economic war is very real."},{"host":"Adam","text":"It shows how much the Iran strategy depends on him personally. That's a vulnerability and a signal."},{"host":"Bill","text":"And it's a reminder that the economy and national security are the same conversation now."},{"host":"Adam","text":"Jim Cramer, meanwhile, is making moves on Intel. He outlined a plan to exit and start a position in AMD."},{"host":"Bill","text":"Cramer bailing on Intel. That's either a buy signal for Intel or a sell signal for AMD, depending on your religion."},{"host":"Adam","text":"The CNBC Investing Club meeting this morning. He's been patient with Intel for a long time."},{"host":"Bill","text":"Intel's been a value trap for years. AMD has been eating its lunch in data centers."},{"host":"Adam","text":"But the moment Cramer gives up on a stock, the contrarians start licking their chops."},{"host":"Bill","text":"That's the Cramer effect. It's a real thing, whether you believe in it or not."},{"host":"Adam","text":"We'll see how it plays out. Intel's got new leadership and a lot of government money behind it."},{"host":"Bill","text":"Government money doesn't fix a broken culture. AMD's been executing for a decade."},{"host":"Adam","text":"And that's the debate. Turnaround story versus momentum story. Pick your poison."},{"host":"Bill","text":"I'll take the one that's actually shipping product. But that's just me."}]}