Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
1,003 posts
Benchmark raised its Hut 8 price target from $85 to $165, citing $16.8B in contracted AI data center lease revenue. The upgrade signals something bigger: former Bitcoin miners are…
Patrick Witt, the White House crypto council's lead CLARITY Act negotiator, departs July 18 for Army JAG training days before a Senate floor vote expected around July 20, leaving D…
France curtailed 6.4 GW of nuclear output across eight reactors as heatwave-elevated river temperatures triggered mandatory cooling limits. Wholesale prices hit multi-year highs. T…
A single Bitaxe Gamma running at roughly 1 TH/s validated Bitcoin block #957,382 on July 9, collecting 3.1382 BTC worth ~$200,000 through Public Pool's zero-fee solo mining service…
Strategy graded 25 of the world's largest banks on Bitcoin adoption and published a leaderboard. Fidelity leads at 71%. The overall score sits at 32%. No methodology has been relea…
The New York Fed's Open Market Desk is running $10B/month in Reserve Management Purchases on top of ~$16.5B/month in MBS-to-T-bill reinvestments. The FOMC reaffirmed the standing d…
DP World is negotiating a new multipurpose port in Fujairah on the UAE's Gulf of Oman coast, a direct capital response to the ~95% collapse in Jebel Ali container traffic after Ira…
The Senate returned July 13 with roughly three weeks before the August recess. Section 604, the provision that would bar the federal government from treating non-custodial Bitcoin…
A São Paulo state court ordered Coinbase to return approximately R$507,000 after unauthorized transactions drained a user's Coinbase Wallet, ruling that the burden of proof fell on…
Keyrock's T-bill issuance framework, which showed an ~80% correlation with Bitcoin prices since 2021, called the October 2025 top 8 months early. The same signal now points to a st…
EPSA CEO Todd Snitchler makes the case that state-mandated plant retirements and permitting blockades, not PJM's governance structure, are manufacturing the grid capacity crunch th…
The think tank wants to become a defendant, using its own self-custodied bitcoin as the standing to fight a theory that could reach any long-term holder.
The US Treasury auctioned $22 billion in 30-year bonds on July 9 at a yield of 5.058%, the highest at a 30-year auction since 2007. Bitcoin held up while gold slid. The debt math i…
Binance co-CEO Richard Teng disclosed at Reuters NEXT Asia on July 9 that 70% of EU user withdrawals following the exchange's MiCA-driven service suspension went to self-hosted wal…
France signed more than 16 strategic agreements with Syria on July 7, brought TotalEnergies to Damascus, and is explicitly building a Hormuz bypass. Iraq is already running 500-700…
MARA Holdings signed a definitive agreement to acquire a 1,200-acre powered land site in Matagorda County, Texas, targeting up to 2 GW of grid capacity by April 2028 at a milestone…
Sen. Ron Wyden sent a formal letter to Senate leaders on July 8 demanding Section 604 of the CLARITY Act remain intact. The provision is the only statutory protection standing betw…
Secretary Rubio, Japan's Motegi, and South Korea's Cho signed a trilateral SMR Memorandum of Cooperation on July 8 at the NATO Ankara Summit, committing $10M+ in US funding and an…
Hosting lets you own real hashrate without turning your garage into a data center. The catch is trust. An honest, criteria-first comparison of who to actually trust with your miner…
Governor Kelly Ayotte signed HB 302 on May 6, 2025, making New Hampshire the first U.S. state to authorize its treasurer to hold Bitcoin as a reserve asset, after Arizona vetoed, F…
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Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.
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