Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
1,003 posts
Strategy's latest 8-K shows 520 BTC purchased for $35M while ~$300M of a $335M MSTR share sale was retained as cash, pushing the USD Reserve to $1.4B. The preferred stock credit st…
Attorney Ian Cohen filed a rebuttal on June 19 opposing efforts to lift a court stay in a New York lawsuit targeting 39,069 Bitcoin addresses holding roughly 3.8 million BTC, inclu…
Kevin Warsh's debut FOMC meeting held rates steady but flipped the dot plot from projected cuts to projected hikes, killed forward guidance, and revised PCE inflation up to 3.6%. T…
H.R. 3633 is on the Senate floor calendar and the House has promised to move fast. Everything now turns on whether Senate leadership can lock in seven Democratic votes before Augus…
Iran's military command announced a closure of the Strait of Hormuz on June 20, 2026, citing U.S. and Israeli violations of the Islamabad MoU signed two days earlier. But U.S. Cent…
Bloomberg's Eric Balchunas publicly called for Strategy to retire STRC after the preferred stock hit a record low of $82.53. The real story is what happens to the BTC accumulation…
CME Group sued the CFTC on June 18, 2026, arguing the agency's approval of Bitcoin perpetual futures for KalshiEX and Coinbase violated Dodd-Frank. TD Cowen expects CME to seek a p…
Deputy Defense Secretary Stephen Feinberg told lawmakers the Pentagon needs $80B covering Iran war costs and non-defense spending. With U.S. debt approaching $39T, every supplement…
JPMorgan puts Bitcoin's all-in production cost at $78,000. BTC has traded ~19% below that for five straight months. Public miners sold a record 32,000 BTC in Q1 2026. The network's…
The petrodollar forced the world to hold dollars to buy oil. It's visibly fraying now. Here's how it actually works, why it's lasted 50 years, where it's cracking, and why a BRICS…
Macro analyst Luke Gromen on why China's rare-earth leverage quietly removed the military deterrent behind the dollar order, why he thinks gold has overtaken the Treasury bond as t…
Energy economist Anas Alhajji makes the strongest case against the de-dollarization story: BRICS is a paper tiger, the petrodollar is here to stay, and the Gulf trip deepened dolla…
Macro analyst Lyn Alden on why reserve-currency status quietly costs the US its industrial base, why there's more inflexible demand for dollars than there are dollars to repudiate,…
Don't be afraid to admit it; bitcoin competes with the dollar as a currency.
GameStop is reportedly considering investing in Bitcoin, sparking speculation after CEO Ryan Cohen’s meeting with Michael Saylor and triggering a surge in GME stock price.
President Trump’s executive order embraces Bitcoin, bans CBDCs, and establishes a working group to explore a strategic digital asset reserve.
Senator Cynthia Lummis has warned the FDIC and U.S. Marshals over alleged digital asset oversight misconduct and rushed Bitcoin sales.
Senator Cynthia Lummis (R-Wyo.) is set to lead the Senate’s new digital assets subcommittee, a pivotal step toward shaping Bitcoin legislation and fostering innovation in the U.S.…
The Federal Reserve plans fewer rate cuts in 2025, citing inflation risks and uncertainty over President-elect Trump’s proposed policies, as revealed in December meeting minutes.
Fitch Ratings has upgraded El Salvador's credit rating to B- following a $1.4 billion IMF loan agreement, citing reduced financing needs and progress in fiscal reforms.
The Commoner
Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.
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