Oncast Money · Money Lunch

Stablecoin supply sees biggest drop since 2022

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

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.

The CFTC is investigating whether Kalshi improperly self-certified event contracts, after ordering it to take down sports-related "mention markets" in August.

JetBlue unveiled new first class seats as part of efforts to return to profitability.

Treasury Secretary Scott Bessent was moved to a military base amid reported Iranian threats related to his role in Operation Economic Outcast.

Jim Cramer outlined his plan to exit Intel and start a position in AMD on the CNBC Investing Club Morning Meeting.

Fact-check

VERIFIED 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.

JUST IN: Crypto stablecoin supply drops by $14.2 billion, largest decline since the 2022 bear market. https://t.co/3YHM6lguvk

Original post · Watcher.Guru (@WatcherGuru)

[coinmarketcap.com](https://coinmarketcap.com/academy/article/bitcoin-holds-73k-stablecoin-supply-shrinks) NAMES: none POST 2120568939398725821: NOCLAIM none NA

VERIFIED TRUE

The CFTC is investigating whether Kalshi improperly self-certified event contracts, after ordering it to take down sports-related "mention markets" in August.

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.

Original post · CNBC

[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

VERIFIED TRUE

Treasury Secretary Scott Bessent was moved to a military base amid reported Iranian threats related to his role in Operation Economic Outcast.

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.

Original post · CNBC

[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

Sources

What the hosts said

AStablecoin supply just had its biggest drop since the 2022 bear market.
BFourteen billion dollars gone in a month? That's a real number.
AGlassnode says total supply fell fourteen point two billion over thirty days. Fastest since June twenty twenty-two.
BThat's money leaving crypto, not just moving between coins. It's the exit door.
AAnd it matters because stablecoins are the plumbing. When they shrink, the whole system runs dry.
BOr people are just cashing out to pay rent. Not everything is a market signal.
AFourteen billion in a month isn't rent money. That's institutions pulling back.
BMaybe. But Tether and Circle still hold eighty-five percent of the market. The big two aren't going anywhere.
ASpeaking of Circle, there's chatter on X that its stock is heading for its steepest one-day drop since June.
BI saw that. A couple of accounts claiming JPMorgan, Wells Fargo, Goldman all cut price targets.
AI can't confirm those cuts. But if the stablecoin supply is shrinking, Circle's revenue takes a hit. That's the logic.
BAnd one research shop, Compass Point, reportedly upgraded it to buy. So the Street is split.
AThat's the thing about Circle. It's a toll booth on crypto traffic. Less traffic, less tolls.
AMeanwhile, the CFTC is investigating Kalshi over whether it improperly self-certified event contracts.
BThis is the prediction market platform. The regulator already made them take down sports-related mention markets back in August.
ACNBC is reporting the probe. The question is whether Kalshi cut corners on the self-certification process.
BSelf-certification is how these platforms get products to market fast. They certify their own compliance.
AAnd the CFTC is saying, not so fast. If Kalshi abused that process, it's a big deal for the whole prediction market industry.
BPrediction markets are having a moment. Polymarket, Kalshi, they're everywhere. Regulators were always going to catch up.
AThe irony is, these markets often get things right faster than the polls. But that doesn't mean they can skip the paperwork.
BNobody gets to skip the paperwork. Not even the smart kids.
ADifferent world entirely: JetBlue is rolling out new first class seats to try to get back to profitability.
BFirst class on JetBlue. That's like putting a chandelier in a diner.
AHey, they've been bleeding cash. Premium seats are where the margin is. Every airline knows it.
BTrue. Delta and United make a fortune on the front of the plane. JetBlue wants a piece.
AThe question is whether their customers will pay up. JetBlue built its brand on cheap fares and decent legroom.
BAnd now they want to be fancy. It's a pivot, and pivots are hard.
ABut they have to try something. The old model wasn't working.
BFair. And honestly, a lie-flat seat on a JetBlue red-eye? I'd take that over a middle seat in coach any day.
AOne more serious note. Treasury Secretary Bessent has been moved to a military base amid what CNBC calls growing threats from Iran.
BThat's a big deal. He's running Operation Economic Outcast, the pressure campaign on Iran.
AThe New York Times reported he's become one of the top targets of Iranian threats. Moving him to a base is a security call.
BWhen a Treasury Secretary needs military protection, the economic war is very real.
AIt shows how much the Iran strategy depends on him personally. That's a vulnerability and a signal.
BAnd it's a reminder that the economy and national security are the same conversation now.
AJim Cramer, meanwhile, is making moves on Intel. He outlined a plan to exit and start a position in AMD.
BCramer bailing on Intel. That's either a buy signal for Intel or a sell signal for AMD, depending on your religion.
AThe CNBC Investing Club meeting this morning. He's been patient with Intel for a long time.
BIntel's been a value trap for years. AMD has been eating its lunch in data centers.
ABut the moment Cramer gives up on a stock, the contrarians start licking their chops.
BThat's the Cramer effect. It's a real thing, whether you believe in it or not.
AWe'll see how it plays out. Intel's got new leadership and a lot of government money behind it.
BGovernment money doesn't fix a broken culture. AMD's been executing for a decade.
AAnd that's the debate. Turnaround story versus momentum story. Pick your poison.
BI'll take the one that's actually shipping product. But that's just me.

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