Alternative Investing Report - June 11, 2026

*as of 6/10; Sources: S&P, BTC, FTSE, DJRE, GOLD

A Reuters investigation found that the Trump family has raked in an estimated $2.3 billion from different crypto ventures since Donald Trump took the Presidency in January 2025. This profit has come from the Trump memecoin, the family’s crypto firm World Liberty Financial, and two publicly traded companies, American Bitcoin and ALT5 Sigma. While the Trumps have cashed in, most retail investors have taken significant losses, with Trump’s memecoin down 97% from its peak, World Liberty Financial’s token down 81% from its peak, and the two public companies down more than 80% over the past year.

➨ TAKEAWAY: Beyond obvious concerns about conflicts of interest with a sitting President and his family, the Trumps’ interest in crypto has not been productive for the industry. Despite a huge spike in crypto prices when the President took office, the total crypto market cap is now below where it was before his election. Retail investors who got burned by these ventures are unlikely to trust the crypto industry again. This creates a negative stigma and places a dark cloud over an industry that has struggled to establish mainstream legitimacy.

📊 Inflation hits 3-year high: The Consumer Price Index (CPI) rose 0.5% in May and 4.2% annually, the highest mark since April 2023. The core CPI, which excludes food and energy, was up a more modest 0.2% monthly and 2.9% annually, as rising gas prices were a large part of the increase in the overall CPI. The stock market reacted negatively, with the S&P 500 down 1.6% and the Nasdaq 100 down 2%.

🚀 Bending Spoons IPO: The Italian tech conglomerate that owns companies you might not know still exist, such as AOL, EventBrite, and Vimeo, filed for a public offering. The company is profitable - as is, somehow, AOL - and was last valued at $11 billion last October.

🏡 Top buyer’s markets: While 35 of the nation's 50 biggest metro areas are now classified as buyer's markets, the top three are Nashville, Miami, and Austin, all of which were pandemic-era hotspots. Home prices rose an average of 1.6% annually in buyer’s markets, and 4.3% in seller’s markets.

🏢 Fear and Greed index: The Q2 Burns + CRE Daily Fear and Greed index held steady at 56, which indicates the market remains in expansion mode. Industrial was the top category for survey responders, with office bringing up the rear, though investors have lowered short-term expectations for every sector.

💵 Private credit secondaries: With the asset class starting to struggle, the secondary market is experiencing a significant surge in growth as existing investors are looking for an exit. This shift has opened up opportunities for buyers who are seeking discounted shares and are not wary of the recent downturn.

🚀 Revolut targets share sale: The digital banking startup is reportedly preparing a secondary share sale of $750 million at a $109 billion valuation, which would represent a significant gain over its $75 billion valuation last November.

Just a week after filing for a public offering, AI startup Anthropic warned that the AI industry needs a “brake pedal.” The company is concerned that AI companies only are operating with a gas pedal right now, sacrificing safety for pure progress, and that AI models are getting close to being able to improve themselves without any human involvement — which could lead to companies losing control of their own models. Just after posting this warning, Anthropic released its most advanced model, Claude Fable 5, to enterprise clients and paid subscribers. Fable is supposedly a “safe” version of its Mythos model, which is only available to a limited number of enterprise users because of its cybersecurity capabilities. To safely deploy Fable 5, Anthropic built guardrails to block high-risk prompts, but it seems it is only a matter of time before users will have access to a dangerously powerful AI model, whether from Anthropic or one of its competitors - unless the industry agrees to somehow slow itself down.