Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.
Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
AI Infrastructure Sees Unprecedented Growth
The escalating demand for artificial intelligence has ignited a significant "gold rush" in data center infrastructure, transforming IT spending priorities across industries. Companies such as Nvidia and Super Micro Computer are experiencing substantial revenue growth as businesses invest heavily in specialized hardware to power advanced AI workloads. This shift underscores the critical need for robust computing capabilities beyond traditional data centers to support the rapidly evolving AI landscape.
This investment trend is exemplified by Meta's recent six-year, $10 billion partnership with Google Cloud, aimed at bolstering its generative AI ambitions. Analysts, including CFRA's Sam Stovall, project this surge in AI infrastructure spending to continue, forecasting data center expenditures to exceed $1 trillion by 2028, driven by expected 15-20% annualized earnings growth in the sector.
Housing Market Navigates Mixed Signals
The U.S. housing market presented mixed signals in July and August, with existing-home sales showing a modest increase while builder confidence declined. The National Association of REALTORS® reported a 2.0% rise in existing-home sales for July, reaching a seasonally adjusted annual rate of 4.01 million units. While the median existing-home price saw its 25th consecutive year-over-year increase at $422,400, it experienced a 2.4% month-over-month decrease from June, indicating a potential seasonal moderation in price growth. You can find more details in the NAR existing-home sales report.
Conversely, builder sentiment worsened, with the National Association of Home Builders' confidence index falling to 32 in August, continuing a 16-month trend of negative sentiment. High mortgage rates, weak buyer traffic, and ongoing supply-side challenges are cited as primary concerns. Investor Kevin O'Leary has characterized the housing market as
OnlyFans reported a revenue of $1.4 billion in FY24, with its owner receiving $701 million in dividends as a potential sale is explored.
Meta reportedly struck a six-year, $10 billion cloud deal with Google Cloud to power its AI ambitions, a notable partnership between rivals.
Nvidia has reportedly suspended production of its China-focused H20 AI chip amidst Beijing's push for domestic alternatives, raising concerns for its Q3 outlook.
The Supreme Court, in a 5-4 decision, allowed the Trump administration to cancel NIH diversity grants, a move that dissenting justices warned could introduce bias.
Federal Reserve Chair Jerome Powell is set to address the economic outlook at the Jackson Hole symposium despite ongoing pressure from Donald Trump regarding interest rates and his resignation.
The EU has committed to increasing its procurement of US defense equipment under a new trade deal, potentially impacting its own Security Action for Europe and other defense industry initiatives.
Bitcoin Market On Edge Ahead of Powell's Jackson Hole Speech
The cryptocurrency market is currently experiencing heightened anticipation ahead of Federal Reserve Chair Jerome Powell's address at the annual Jackson Hole Economic Policy Symposium. Investors are closely monitoring Powell's remarks for signals on future interest rate policy, which are expected to significantly influence risk assets. This cautious sentiment has led to a notable pullback in Bitcoin and the broader CoinDesk 20 Index.
Institutional investors have demonstrated a clear risk-off approach, evidenced by substantial outflows from crypto exchange-traded funds (ETFs). Bitcoin funds alone have seen over $1 billion pulled in recent days, while Ether ETFs registered half a billion dollars in outflows this week. This trend underscores a collective hesitancy to engage aggressively before clearer economic policy direction emerges from the Fed.
The market's trajectory hinges on Powell's tone: a dovish stance could catalyze a recovery for cryptocurrencies, whereas a more hawkish position might deepen the current pullback, potentially pushing Bitcoin towards lower support levels. Adding to this uncertainty, historical data reveals that September typically presents a bearish trend for Bitcoin, with an average price decline of 4.68% since 2010.
EU Accelerates Digital Euro Development
The European Union is significantly accelerating its plans for a digital euro in direct response to the United States' recent passage of the GENIUS Act, which regulates stablecoins. This U.S. legislative action has prompted Brussels to expedite its own central bank digital currency (CBDC) initiatives.
A key strategic consideration involves implementing a public blockchain infrastructure for the digital euro. This move aims to directly counter the increasing dominance of dollar-backed stablecoins within the global financial system, providing an alternative to current market structures.
This proactive stance underscores the EU's commitment to preserving its financial sovereignty and influence amidst the rapidly evolving landscape of digital currencies. The accelerated timeline reflects an urgent effort to shape the future of digital finance from a European perspective.
On-chain analysis by Dethective alleges $23 million in insider trading during 'celebrity coin' YZY and LIBRA launches, exploiting retail investors.
Peter Thiel's Founders Fund is making substantial investments in Ether through ETHZilla and Bitmine Immersion Technologies, betting on Ethereum's financial adoption.
Ripple and SBI Holdings plan to launch the USD-backed RLUSD stablecoin in Japan by Q1 2026, aiming to expand the local digital finance market.
Haycen has secured a Digital Asset Business (M) license from the Bermuda Monetary Authority to issue 1:1 collateralized stablecoins for trade finance.
Gemini has obtained a MiCA license from Malta, enabling its expansion to offer crypto services across over 30 European countries.
