The Wolf Den

Substack by The Wolf Den · launched Sep 23, 2020

One important argument every weekday at the intersection of crypto, markets and money - for real investors in a fake world.

Top in Finance
#27
Subscribers
137K

rounded by Substack

Followers
155K
Recommends
19

other newsletters

Growth history

Rank in Substack’s finance leaderboard: #27 today

Stats worth sharing

Tracked since Sep 10, 20261 daily snapshot so far. The card below is built from what we track and refreshes nightly. It is free for The Wolf Den to post, embed or send to readers, as long as the watermark stays on it.

Percentile
Top 6%

of 525 ranked finance newsletters

Best rank seen
#27

on Sep 10, 2026

Posts
12

last 30 days

Reactions per post
85

average, recent posts

Reactions tracked
1.0K

across 12 posts

Most-reacted post we have seen: Crypto Is Coming For The Most Exclusive Assets In The World 133 reactions on Sep 3, 2026.

The Wolf Den — rank, subscribers and growth, tracked by Stock Market Watch
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Recent posts

  • Hunter Biden’s $LAPTOP Hit $400. Now It’s 80 Cents.

    For a few minutes on Wednesday, Hunter Biden’s meme coin looked like one of the most valuable things in crypto. Then it almost disappeared. $LAPTOP launched on Base and immediately went vertical. Depending on which price feed you were watching, the token traded into the hundreds of dollars, with CoinMarketCap recording prints above $400. Less than a day later, it was trading around 80 cents. Even by the standards of meme coins, where occasionally losing 99% of your money before lunch is apparently considered a feature, this was impressive. But the price itself does not adequately capture how…

  • How Much Bitcoin Do You Actually Own?

    Bitcoin treasury companies have trained investors to focus on one number: Bitcoin per share. The logic is straightforward. A company issues stock, debt or some other security, uses the proceeds to buy Bitcoin, and tries to structure the transaction so that the amount of Bitcoin attributable to each existing shareholder increases. If management can repeatedly pull that off, dilution is not necessarily a bad thing. Strategy built an entire corporate-finance machine around this idea, and dozens of companies have spent the past two years trying to reproduce some version of it. Metaplanet became…

  • They Didn’t Steal The Bitcoin. They Created Bitcoin That Didn’t Exist.

    Most people think about crypto security in terms of keys. Lose your private key, lose your money. Let someone steal your seed phrase, lose your money. Leave assets on an exchange with terrible operational controls and, well, maybe lose your money. We have spent more than a decade teaching people some version of the same lesson: protect the keys and you protect the asset. The Liquid Network incident over the weekend is a very good reminder that this is not always true. Roughly 4,000 BTC, worth about $320 million at the time, was withdrawn from Liquid’s federation wallet on Sunday, representing…

  • Crypto Isn’t Becoming Wall Street. Wall Street Is Becoming Crypto.

    For most of crypto’s history, the argument went something like this: eventually crypto will grow up, become regulated, behave more like traditional finance and get absorbed into Wall Street. That may have been backwards. Yesterday, Coinbase disclosed that it has filed registration documents with the SEC as it seeks a path to offer equity perpetual futures in the United States. Perpetuals are one of crypto’s signature financial products – derivatives that track the price of an asset but, unlike traditional futures contracts, never expire. Coinbase already offers them internationally on stocks…

  • Crypto Is Coming For The Most Exclusive Assets In The World

    Crypto has spent years trying to convince sports fans that they owned something. Teams launched fan tokens that let supporters vote on jerseys, unlock experiences, access special content and occasionally decide which song should play after a goal. Some of those products found real audiences and created interesting new ways for teams to engage with fans. But there was always a fairly obvious limitation. You didn’t actually own any of the team. That may be about to change. Yesterday, Securitize and Socios announced a partnership to develop regulated tokenized equity offerings representing…

  • Wall Street Just Discovered Tether’s Money Machine
  • What Is A Crypto Token Actually Worth?
  • America Isn’t Paying Off Its Debt. It Has Another Plan.
  • The Crypto Treasury Machine Is Turning Back On
  • Stablecoins Could Save Community Banks
  • Druckenmiller Thinks Treasury Is Making A Huge Mistake
  • Wall Street Is About To Sell You Privacy

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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: The Wolf Den. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Sep 10, 2026.