<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Ceruleus Capital]]></title><description><![CDATA[Ceruleus Capital]]></description><link>https://www.ceruleuscapital.com/blog</link><generator>RSS for Node</generator><lastBuildDate>Wed, 19 Aug 2026 10:10:03 GMT</lastBuildDate><atom:link href="https://www.ceruleuscapital.com/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[The State of Strategy ]]></title><description><![CDATA[The Bitcoin Flywheel Strategy (MSTR) operates as both a Bitcoin treasury and an enterprise AI software company, but the business is heavily weighted toward the Bitcoin treasury side. Its core mission is simple: aggressively buy and hold Bitcoin as the company's primary reserve asset. The selling point is the "Bitcoin Flywheel", which is a set of innovative corporate financing structures Strategy has built to raise cash and buy more BTC. There are three ways it raises cash: At-The-Market (ATM)...]]></description><link>https://www.ceruleuscapital.com/post/the-state-of-microstrategy</link><guid isPermaLink="false">6a3c44be4335688184467d69</guid><category><![CDATA[Research]]></category><pubDate>Wed, 24 Jun 2026 22:07:14 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_0079a253ddc243d4bc34076fefa692ed~mv2.png/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[TRX: The Case for Tron ]]></title><description><![CDATA[The Thesis  TRX is one of the few crypto-native assets in a perpetual uptrend. Tron has found genuine product-market fit by becoming both the Visa and banking system of the stablecoin world. It settles more USDT volume than any other network and dominates usage in Latin America and Southeast Asia. Tron is also one of the only chains in crypto that consistently convert that usage into value accrual at the token level. If you are bullish on stablecoins, TRX is one of the cleanest levered...]]></description><link>https://www.ceruleuscapital.com/post/trx-the-case-for-tron</link><guid isPermaLink="false">6a0e40aadd66a932defa598e</guid><category><![CDATA[Theses]]></category><pubDate>Thu, 21 May 2026 01:19:28 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_629ff6d646074ab792499c7886624d46~mv2.jpg/v1/fit/w_390,h_338,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[Crypto's Throne Has Been Taken]]></title><description><![CDATA[What happened to crypto? It used to be the place to be. Every other day there was a new coin or protocol that caught the attention of the entire market. No matter the day, there was always a sector printing new highs. These days, however, the story has inverted. New coins are sold into oblivion, and the market leaders struggle to stay afloat. Volumes are down, attention is dwindling, and the market, as a whole, has lost its spark. This brings us back to our original question—what happened to...]]></description><link>https://www.ceruleuscapital.com/post/crypto-s-throne-has-been-taken</link><guid isPermaLink="false">69f530377b1c42fb24f3c663</guid><category><![CDATA[Research]]></category><pubDate>Fri, 01 May 2026 23:04:46 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_84e90bb9365b4208b47df3b7b78349a7~mv2.jpg/v1/fit/w_489,h_330,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[Geopolitical Risk Is Rewriting the Rules of Markets  ]]></title><description><![CDATA[Global macro trading has been objectively boring for the better part of the past 20 years, however, it has since been reborn alongside the rise in geopolitical tensions. A world focused on cost-cutting through globalization meant that foreign relations would remain strong, and therefore, volatility would remain low. But with globalization now withering away, so too are the relationships that once held the economic world together, and with that, comes an increase in volatility. We Live in a...]]></description><link>https://www.ceruleuscapital.com/post/geopolitical-risk-is-rewriting-the-rules-of-markets</link><guid isPermaLink="false">69b0e5038433d50646453159</guid><category><![CDATA[Research]]></category><pubDate>Wed, 11 Mar 2026 03:58:44 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_6aba87be2570461f8dc974f3fee2eed0~mv2.jpg/v1/fit/w_563,h_290,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[The Art of the Home Run Trade]]></title><description><![CDATA[Waiting for Your Pitch When you get a pitch to hit, put a good swing on it. There's no better way to explain a concept than through an analogy, and in this case, there's no better analogy than baseball. The top players in today's game, Ohtani, Judge, Guerrero Jr., and Soto, hit the ball about 30% of the time on average. There has never been a player in the history of the game to hit 50% of the time. Trading works the same way. We can make millions with a sub-50% win rate, and in some extreme...]]></description><link>https://www.ceruleuscapital.com/post/the-art-of-the-home-run-trade</link><guid isPermaLink="false">69868fcf2764679ea711e05f</guid><category><![CDATA[Research]]></category><pubDate>Sat, 07 Feb 2026 01:11:31 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_977714563fd449419278b389fc0a3144~mv2.jpg/v1/fit/w_567,h_311,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[Solana Short Thesis]]></title><description><![CDATA[A Brief History of Solana Solana is one of the worst-looking major crypto assets right now. The chart looks appalling, and its value proposition is crumbling away. The most impactful moment in Solana's history was the launch of President Trump's memecoin, $TRUMP. It would be reasonable to assume that a major uptrend would begin after such an event; however, the opposite occurred. After moving +30%, it rapidly reversed, and the high printed on January 19, 2025, remains untouched to this day....]]></description><link>https://www.ceruleuscapital.com/post/solana-short-thesis</link><guid isPermaLink="false">6972b22caa29322cefc9df26</guid><category><![CDATA[Theses]]></category><pubDate>Fri, 23 Jan 2026 00:16:35 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_fdca3701697d4fe78b16a5749d045d57~mv2.jpg/v1/fit/w_450,h_313,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[How Easy Money Reshaped Inflation and Redefined Risk]]></title><description><![CDATA[The Point of No Return for Inflation After an enormous amount of cash was used by the Federal Reserve to sustain the markets during the Covid scare of 2020, inflation has remained elevated. But the Fed's strategy of propping up markets with easy money didn't start there. It traces back to the housing market crash of '08, when quantitative easing (QE) became the main tool in its playbook. Quantitative easing is a policy that involves buying up large quantities of financial assets. While the...]]></description><link>https://www.ceruleuscapital.com/post/how-easy-money-reshaped-inflation-and-redefined-risk</link><guid isPermaLink="false">69531043386e8faaa220e548</guid><category><![CDATA[Research]]></category><pubDate>Mon, 29 Dec 2025 23:43:07 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_9f48723b15da4a3b977f62d2d5b4e19b~mv2.jpg/v1/fit/w_477,h_290,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item><item><title><![CDATA[From Derivatives to ETFs: The Transformation of Bitcoin Trading]]></title><description><![CDATA[A Look At The Past: Derivative Domination When BitMEX introduced perpetual swaps to the world, BTC and crypto trading in general were fundamentally altered. The market went from spot-only trading (no leverage) to one that permitted 100x leverage. This created more volatility and more inefficiencies, or in other words, more opportunities. More specifically, it shifted the market into a big game of 'bounty tag hunting'. Bounty tag hunting is essentially a game of liquidating long and short...]]></description><link>https://www.ceruleuscapital.com/post/from-derivatives-to-etfs-the-transformation-of-bitcoin-trading</link><guid isPermaLink="false">6952fb37386e8faaa220b94d</guid><category><![CDATA[Research]]></category><pubDate>Mon, 29 Dec 2025 22:43:39 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/5ba012_118a6a2e27d941118de60861ec72ab39~mv2.jpg/v1/fit/w_548,h_306,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>reidjohal</dc:creator></item></channel></rss>