🟠 Bitcoin has shed over a quarter of its value. The black one is a bit outdated; $BTC has regained almost $4K since and now sits at $92.4K.

If it loses another $10K, I'd be surprised if it didn't turn into $20K. That said, it looks like we're in for a little more bounce, market permitting.

The second chart is noting that on Monday, we closed another CME gap. This one's from late April.

Not financial advice, never financial advice.

📉 INTELRUNNER 📉

🇺🇸 The Biotechnology ETF is up 24.4% against $SPY since this post. $XBI is up 27.5% generally over the period.

The ETF is up 71.8% from its low a couple days after Liberation Day. $XBI is up 46.2% against the broader healthcare sector over the same period.

📈 I N T E L R U N N E R 📈

🇺🇸 Alright, we're back in the prediction markets. This one is guessing who will be named in the new Epstein Files release.

Let's write down everyone with a greater than 25% chance, which means recording the top ten:

1️⃣0️⃣ Joe Biden (26%)
9️⃣ Henry Kissinger (28%)
8️⃣ Michael Jackson (33%)
7️⃣ Jamie Dimon (34%)
6️⃣ Stephen Hawking (37%)
5️⃣ Alex Baldwin (39%)
4️⃣ Tony Blair (40%)

Oof, timeout. MJ? Have you guys learned nothing yet? Hawking is quite probably in there somewhere given he attended Epstein's 2006 theoretical physics conference on his private island and he's in the black book. He's also photographed hanging out with Lawrence Krause while there (because of course Krause was there).

I kind of suspect Kissinger & Dimon aren't that stupid (and probably knew more than they'd admit today). Either of them could easily be caught up in the wrong place at the wrong time with him given their relevance, and either could be secret perverts. I sort of doubt there wasn't already copious blackmail on Biden by the time Epstein was in action, but regardless, he was (allegedly) President so his name could easily appear. We'll see.

Baldwin & Blair? Yeah, I could see Baldwin & Blair. Baldwin is prolific in his sexual harassment career and he & the White House are not exactly on friendly terms. Blair is a creepy fuck. He's in the book and Clinton pushed for him to meet Epstein in 2002 at Downing Street, but besides that he's a creepy fuck. I could see a redaction here though. That's what active investigations are made for.

3️⃣ David Copperfield (54%)
2️⃣ Ehud Barak (59%)
1️⃣ David Koch (66%)

Ehud Barak is the brutal Israeli PM that Virginia Giuffre has accused. We know he was tight with Epstein. They founded a company together, Barak was photographed going to his house many times, and he's in the emails we already have. Barak was seemingly managing this operation. It definitely involves the CIA, Mossad, and MI6 (and DGSE) and to the extent they're blackmailing politicians, it seems to have been largely targeted at the Democratic Party here in America, the (now crippled) Labor Party in Israel, and the (soon to be crippled) Labour Party in the UK.

David Copperfield is an interesting one. It's a good bet. We don't have any hard allegations regarding him & Epstein. We do know he gave him a lot of tickets to the Vegas show over the years and he was at the Palm Beach house twice. We also know over a dozen women have accused Copperfield of sexual misconduct spanning decades. So...it's a good bet. Naturally his lawyers insist they were mere acquaintances, but several victims have expressed doubt about the notion that he was clueless.

And finally, at #1, we have David Koch, the corpse Koch. His brother Charles is still kicking. Neither of them were big fans of President Trump. They've utilized an alliance of mutual interest in both terms, but both winning election seasons featured the Koch network funding Trump's rivals then sitting out the presidential after he won. Both winning seasons also featured insults from Trump toward the brothers, their company Koch Industries, and their "bad ideas."

This is actually a pretty smart call by the Polymarket crowd. There have no allegations whatsoever, but Koch does appear in the black book twice (both his NYC & Palm Beach contacts). That's not all that weird. They both lived in the same two places and mingled in the same philanthropic scenes. But to be abundantly clear: the name just has to appear in the files—that's the extent of the bet.

Koch makes sense because he loomed very large in American politics (and his family still does). So large that even amid the feud with Trump, he still ends up influencing Trump's policy on regulation & taxes (and even meeting with him once at Mar-o-Lago in 2017 with brother Bill Koch). And given the feud which flared up again in May (over the tariffs) is still simmering, the Kochs might have to threaten to sit out the midterms to get a redaction.

Can you forgive someone for funding Nikki Haley?

🔮 INTELRUNNER 🔮