Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
1,103 posts
The Bank of Russia confirmed on October 12 that peer-to-peer crypto trades between individuals will be illegal after July 1, 2027. Every transaction must flow through a state-regis…
Fidelity Digital Assets research published October 15, 2026 finds Bitcoin's correlation with the 10-year real US Treasury yield has climbed above 0.6, a record high that flips a hi…
A Wall Street Journal investigation details how Tether paid $6.3M to consulting firm Nxum, part-owned by Bo Hines, while he directed White House crypto policy and helped extend a G…
Iran's top national-security official has threatened ground incursions into Gulf states and the destruction of data centers and undersea cables if the U.S. resumes strikes. Hormuz…
Saudi Crown Prince Mohammed bin Salman rejected Netanyahu's request, made through US mediators, for Israel to join military operations against Yemen's Houthis, a refusal that signa…
Dutch TTF natural gas futures are trading near €80-84/MWh, the highest since early 2023 and roughly 150% above year-ago prices, even as Citi analyst Maggie Xueting Lin maintains a…
469,719 total US bankruptcy filings in the first nine months of 2026, up 11% year-over-year, with Subchapter V small-business elections surging 46%, per an Oct. 8 ABI and Epiq AACE…
A Houthi ballistic missile struck King Khalid International Airport on October 10, killing 12 people and wounding 309, the deadliest attack on Saudi Arabia in more than a decade, a…
Trump declared an 'effective immediately' energy ceasefire between Russia and Ukraine on Truth Social. Neither Moscow nor Kyiv confirmed the deal, markets didn't react, and this is…
Brazil's Civil Police seized more than R$8.7 million in crypto from self-custody wallets during Operation ClickFix, recovering four seed phrases during physical raids and transferr…
Nobel laureate David Gross estimates a 2% annual probability of nuclear war, double the Cold War baseline, giving humanity an expected survival window of roughly 35 years. Every lo…
INL's MARVEL and Last Energy both cleared final DOE safety analyses within 48 hours. Westinghouse and Deep Fission hit their own milestones in August. Four programs are moving from…
Ukrainian drones struck Russia's largest oil refinery in Omsk for the second time on October 8 and hit Yandex's largest data center in a war first, accelerating an economic-attriti…
US government-linked wallets moved 12,267 BTC (~$1.01 billion) on October 8 to unlabeled addresses, capping three days of transfers totaling roughly 17,795 BTC (~$1.5 billion). No…
The 30-year U.S. Treasury yield hit 5.711% on October 7, its highest level since 2002, while a U.S. government-linked wallet moved 5,382 BTC (~$448M) to Coinbase Prime. No agency h…
The U.S. Treasury sold $39 billion in 10-year notes on October 7 at a 5.300% yield, the highest since November 2000, with foreign indirect bidders taking a near-record 80.3% share…
The Bank of Russia approved Sberbank and four other institutions as Bitcoin custodians on October 6. The state-owned bank plans to launch Bitcoin, Ethereum, and USDT custody throug…
Iraq's central bank raised the public dollar rate to 1,520 dinars on October 7, a 13% devaluation, making it the first Gulf Arab state to break its peg since the US-Iran war closed…
Robinhood crossed from crypto-product-provider to Bitcoin-balance-sheet-holder on October 7, 2026. The position is small. The precedent is not.
SpaceX is in talks to borrow $40 billion to purchase Nvidia chips as Iran steps up tanker attacks in the Strait of Hormuz. Energy scarcity and monetary expansion are compounding at…
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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