Slate Sunday
Market
Crypto on track to be one of the worst-performing asset classes of the year
In 2025’s final stretch, Bitcoin and Ethereum are both down year-to-date, with crypto on track to be one of the worst-performing asset classes.
Market
Bitcoin is built for exactly this moment as global money supply explodes to $142 trillion
Short-term pain may be plunging crypto investors into extreme fear but the failings of the fiat system mean the Bitcoin long-term thesis hasn't changed
AI
How Anthropic stopped AI agents working for Chinese state-sponsored spy campaign
Anthropic foiled a Chinese state-backed cyber-espionage attack powered by its own AI agents, with "significant implications" for cybersecurity.
Academia
‘What does Harvard see coming?’ asks macro analyst as university ups IBIT position by 257%
Harvard University's 257% IBIT ETF stake increase shows rising institutional confidence in Bitcoin, even as ETF outflows dominate headlines.
Slate Sunday
Bitcoin’s midlife crisis: Can the OG crypto win over Gen-Z before it’s too late?
Bitcoin faces a new existential threat; not from Washington, Beijing, or supercomputers, but the risk of generational apathy.
Crypto
Nebraska joins the digital asset race (but Wyoming laid the tracks)
Nebraska celebrates its first digital asset bank charter, but Wyoming governor reminds the state, it's not a "first-in-nation."
Market
At $96k, nearly 99% of BTC investors accumulating in past 155 days are holding at a loss
Almost 99% of recent Bitcoin buyers are in the red after a 12-day slide dragging the BTC price to $96,000 and beyond.
Macro
Cheaper cash, higher risk as a key US funding rate suddenly collapses
A dramatic drop in SOFR means businesses can roll credit cheaper and risk appetite can stretch again, but liquidity doesn't erase risk; it only hides it.
Market
Bitcoin treasury bear market ‘gradually’ ending as renowned short seller closes MSTR/BTC position
Bitcoin treasury companies see renewed optimism as renowned short seller James Chanos closes his high-profile MSTR/BTC short after 11 months.
Slate Sunday
Michael Burry’s big short: Is the AI bubble bigger than Bitcoin?
Michael Burry, famed investor in “The Big Short,” is betting big on an AI bubble, launching $1.1 billion in puts against Nvidia and Palantir.
Censorship
Ledger pages blocked as UK’s crypto crackdown hits education, advertising, banking
Due to new UK financial promotion rules in 2025, Ledger has blocked access to certain educational blog pages for UK users, highlighting a wider crackdown on crypto education, advertising, and banking.
Macro
Global money supply ‘through the roof’, hitting $142 trillion in September
Global broad money supply hit a record $142 trillion in September, with China, the U.S., and EU driving its growth.