Derivatives
Analysis
From reinsurance to structured credit: The financial products you didn’t know Bitcoin was powering
ETFs were just the start. Bitcoin now backs insurance reserves, rated bonds, and billion-dollar loans. We look inside the buildout that few are watching.
Analysis
Millions of EU crypto users face exchange cutoff as MiCA deadline hits in days
Around three in four of the crypto companies registered across Europe are expected to lose their license this summer in the most aggressive thinning the industry has probably ever seen.
Quantum
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The biggest near-term quantum threat to Bitcoin is pretty unglamorous: whether the institutions holding it can upgrade their plumbing without chaos.
Macro
Wholesale inflation is back in focus. Here’s what PPI means for your money and Bitcoin
Bitcoin’s inflation-hedge narrative faces a near-term test as hot PPI data pushes rate-cut hopes lower and risk assets come under pressure.
Analysis
Legacy sportsbooks are chasing prediction markets that already trade billions each month
DraftKings disclosed billions in new prediction market activity this week, which is impressive until you realize the market it's chasing collects more in monthly fees than most sportsbooks make in a quarter.
Analysis
Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?
Wall Street wanted a regulated way to trade Bitcoin around the clock. What it got instead was a front-row seat to one of the ugliest deleveraging weeks of the year.
AI
The world’s hottest AI stock market just swung nearly 17% in two days
The best-performing major equity index on the planet froze mid-crash on Monday, then posted its largest one-day point gain ever on Tuesday, and the whiplash is a warning for anyone holding AI-fueled assets.
Analysis
DeFi’s old hack vectors are fading – But the new risk can hit six chains at once
The good news is that bridge hacks and flash-loan attacks are fading; the bad news is that protocol logic bugs are becoming much harder to contain.
AI
AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid
AI’s biggest bottleneck is no longer chips or talent, but electricity—and the companies controlling the grid now have the strongest hand in tech.
Macro
A needed $900B Treasury cash rebuild could quietly drain the liquidity Bitcoin needs
A looming Treasury cash rebuild is threatening to tighten financial conditions for Bitcoin.
AI
AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem
The AI spending frenzy that lifted tech stocks could become turn into an inflation shock that delays the liquidity cycle Bitcoin traders have been waiting for.
Analysis
May jobs report explained: Why 172,000 jobs means higher rates, pricier loans, and a Bitcoin drop
A jobs report this strong sounds like good news right up until you follow it through to the Fed, where it closes the door on the rate cuts that borrowers and crypto traders have been counting on.
