Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
1,103 posts
Lula's shock runoff victory unwound the Bolsonaro trade in real time: Brazil's Ibovespa crashed 17%, the real dropped 12% against the dollar, and B3 triggered its first circuit bre…
Israel's central bank publicly rejected PM Netanyahu's plan to use crypto to circumvent Western banking sanctions, as 109 economists including former governor Jacob Frenkel warned…
The Nuclear Company announced Prosperity One, a proposed six-reactor AP1000 campus in Lewis County, Kentucky capable of 6.6 GW. Bitcoin miners already operating in Kentucky should…
Coalition forces expended an estimated 11,294 munitions in the first 16 days of the Iran conflict at a cost of roughly $26 billion. Replenishing those arsenals runs straight into a…
Three reactor announcements in two days put Indiana at the center of the next U.S. grid architecture. Amazon is both financier and offtaker. The Navy wants a microreactor inland. C…
President Trump invoked Section 303 of the Defense Production Act on October 22, authorizing federal purchases, loans, and guarantees for domestic oil exploration, pipelines, stora…
Open calls for nuclear weaponization from Iranian lawmakers and senior officials mark a doctrinal break accelerated by the new Supreme Leader's silence on the fatwa that once prohi…
Bitcoin's 7-day average hashrate crossed back above 1 ZH/s, its highest since March 3, even as publicly traded miners cut realized hashrate by 23% chasing AI and HPC revenue. Two c…
Nearly 100 London hedge fund rates traders have been fired this month after a leveraged French government bond carry trade collapsed for the second time in 2026, per eFinancialCare…
The CFTC's preliminary interpretation says a fully paid cash Bitcoin purchase may still fall under the CEA futures framework if the seller offered financing, even if the buyer decl…
A Tesla-SpaceX merger would collapse two separately-filed Bitcoin stacks into a single public balance sheet overnight, placing the combined entity among the top five or six corpora…
FINMA approved Switzerland's first retail-accessible spot Bitcoin ETF on October 20, 2026, citing Bitcoin's superior liquidity and trading history to justify a formal exemption fro…
BlackRock filed for a 'buffer' Bitcoin ETF (PBIT) on October 19, 2026, the same day IBIT recorded $665.16 million in net inflows, its biggest single-session haul since October 2025…
For the first time in 31 editions, JPMorgan's Long-Term Capital Market Assumptions assigns Bitcoin a 10% base-case CAGR over 10-15 years, ranking it above every other major asset c…
One River CIO Eric Peters is drawing an explicit CDO parallel to the AI infrastructure debt cycle, pointing to a collapsed $30B Australian neocloud IPO and a 150 bps rise in Anthro…
Trump's Oct 16 executive order activates the Graham Act's 500% Russia tariffs and 100% secondary levies on the top buyers of Russian crude, then simultaneously waives those same sa…
Judge Alvin Hellerstein rejected a joint CFTC-Gemini motion to vacate a $5M consent order on October 15, 2026, ruling that a regulator's policy reversal is not sufficient grounds t…
Strive (ASST) upsized its 15% Series A Perpetual SATS Preferred Stock IPO by 2 million shares to 7 million shares at $90/share, targeting approximately $630 million in gross procee…
MSCI finalized a non-operating company framework on October 16, 2026, putting Strategy, Metaplanet, and SharpLink at risk of exclusion from its Global Investable Market Indexes. Th…
Mark Zandi of Moody's Analytics puts the Iran war's total household cost at nearly $2,000 per family, $265 billion nationwide, split across energy prices, Fed rate hikes, and defic…
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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