Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
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Harvard Management Company's Q2 2026 13F shows zero IBIT shares sold or added for the first time since the endowment's peak $443M position in Q3 2025. The trimming cycle is done.
Edelman Financial Engines, the $326B RIA serving 1.3 million retail clients, disclosed a $34M spot Bitcoin ETF position in its Q2 2026 13F, split between IBIT and GBTC, and now lar…
Three oil tankers hijacked in the Gulf of Aden and off Puntland between April and July 2026, the biggest Somali piracy surge in years, driven directly by Hormuz rerouting flooding…
Russian PM Mikhail Mishustin signed Decree No. 936 banning all Bitcoin mining and pool participation in Moscow, Moscow Oblast, and parts of Kursk Oblast from August 15, 2026 throug…
Tudor Investment's Q2 2026 13F shows the firm added 109,446 IBIT shares while slashing call-equivalent exposure by roughly 85%, a rotation from tactical optionality toward committe…
Norway's NBIM holds a record 11,549 BTC equivalent via Strategy and other equity stakes. Abu Dhabi's Mubadala has added to its BlackRock IBIT position every quarter since Q4 2024.…
Mubadala Investment Company and ADIC's Al Warda Investments held a combined ~$882M in BlackRock's IBIT at Q1 2026 quarter-end prices, per SEC 13F filings. Mubadala has added shares…
Metaplanet completed a ¥200M (~$1.3M) inaugural BitBond raise on Aug. 13, paying 4.0-4.3% annually over three years. The bonds are senior unsecured obligations with no Bitcoin coll…
K33 Research's Vetle Lunde reports Norway's Government Pension Fund Global now holds an indirect Bitcoin equivalent of 11,549 BTC worth ~$725M, an all-time high driven almost entir…
MSCI has opened a formal consultation proposing to exclude 'non-operating companies' from its Global Investable Market Indexes. Strategy fails all five proposed financial screens.…
The SEC killed its August 14 Reg Crypto vote with a vague 'scheduling issue.' The White House is set to convene crypto and prediction market executives the day before the CFTC's in…
The Babylon Bee and Alliance Defending Freedom filed a federal lawsuit August 11 against New Mexico's HB 182, a 2024 law requiring state-mandated AI disclaimers on political satire…
UBS Group AG disclosed roughly 2.5 million IBIT shares worth approximately $90 million as of June 30, 2026, per a Form 13F filed with the SEC on August 13. The position jumped 230%…
A Singapore-based maritime crewing agency is reportedly offering tanker crews a Hormuz transit bonus equal to one additional month's full salary on top of base pay, signaling that…
July 2026 headline PPI printed flat, pulling the annual rate from 5.5% to 4.7%. The entire deflationary move came from gasoline and energy. Strip that out and services are still cl…
The SEC's Division of Investment Management issued a no-action letter on August 12 allowing Franklin Templeton's registered funds to hold the FOBXX tokenized money market fund, val…
The Blockchain Association filed an amicus brief August 13 backing Custodia Bank's Supreme Court petition, warning that existing lower-court rulings give federal regulators a ready…
The CFTC invoked emergency authority to keep Kalshi running after New York's $36 billion lawsuit, and used a hypothetical Bitcoin position to make the contagion case. That preceden…
The EIA's August 2026 Short-Term Energy Outlook extended its Hormuz disruption assumption from 'a few weeks' to at least 16 months of residual supply loss. The IEA followed a day l…
B Treasury Capital AB (BTC AB) is set to make what is being called Europe's first Bitcoin-backed preferred-stock dividend payment, distributing a 10% annual yield from its 172 BTC…
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