Weekly Newsletter

The EU's 2027 rules don't ban 'crypto'. They ban privacy coins specifically, while explicitly leaving Bitcoin transfers untouched.

Bond investors are the most conservative money in markets. They just greenlit a company holding 18,712 Bitcoin — a volatile, unproductive asset classified in SpaceX's own filings as non-core — while it takes on $20 billion in new debt.

The $48.3 billion surplus between Strategy's Bitcoin holdings and its total debt is a genuine number. Saylor earned the right to cite it.

The GENIUS Act lets stablecoin issuers under $10 billion choose state regulation — but only if their state has already won federal certification. The problem: Treasury hasn't said how states apply, how long reviews take, or whether the…

Tether froze $72 million — but $48 million had already escaped. The mechanism that let it escape is the interesting part.

Three-quarters of a $4.4 billion outflow came from a single fund — BlackRock's IBIT. Not spread across the market. One vehicle, 73,080 BTC sold into a falling price over twenty days.

CME controls roughly 92% of all US exchange-traded derivatives volume. When a company with that kind of grip sues the regulator for letting competitors in, it isn't making a legal point — it's making a fear point.

JPMorgan, Citi, Bank of America and Wells Fargo are building a shared tokenised deposit network, targeted for 2027. Visa is testing private stablecoin settlement on a blockchain built specifically for institutions. The DTCC has fifty…

BHYP options close Friday afternoon. HYPE trades straight through until Monday morning. That gap is the whole story here.