Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
1,003 posts
Gov. Abbott's August 3 directive orders a mandatory PUCT/ERCOT audit before any new data center connects to the Texas grid. With 474 GW in the queue and incumbents already live, Be…
American Bitcoin posted record Q2 mining output of 932 BTC and grew its treasury 14% to 8,002 BTC while spot prices fell 12%. The headline number obscures a critical detail: roughl…
Bitcoin's 3-month futures basis has paid less than the 2-year U.S. Treasury every month since February 2026, only the second such stretch on record. The first one ended at the 2022…
US commercial crude inventories fell 7.2 million barrels for the week ending July 24, nearly six times what analysts expected, while the Strategic Petroleum Reserve dropped to 307.…
The broadest Jones Act waiver since at least 1950 has moved nearly 50 million barrels of fuel and crude between US ports in 135 days. The numbers prove the law was suppressing dome…
The DOE selected Utah, Tennessee, Oklahoma, Louisiana, and Idaho as finalists for Nuclear Lifecycle Innovation Campuses. For Bitcoin miners, these five states just became the most…
Treasury sanctioned HormuzSafe and Persian Gulf Marine Insurance Company on July 29, 2026 for forcing commercial vessels to buy mandatory IRGC-backed 'insurance' to transit the Str…
An unlicensed Dubai exchange called Shelbit processed at least $4 billion for Iran's IRGC-linked gambling empire and sanctioned entities including Iran's central bank, with $676 mi…
Banco Santander disclosed 129,615 shares of BlackRock's IBIT worth $4.31 million in its Q2 2026 SEC 13F filing, the first time the Spanish bank has appeared on a Bitcoin ETF shareh…
Gelephu Mindfulness City has named 3iQ Corp. as the first external manager of its sovereign Bitcoin treasury, drawing from a pledge of up to 10,000 BTC. It is the first time a Bitc…
Central banks purchased a Q2 record 288.9 tonnes of gold, up 62% year-over-year, led by Poland and China buying into a 16% quarterly price drop. The WGC survey shows 74% of reserve…
Satsuma Technology shareholders voted more than 90% on July 20 to liquidate 668 BTC and cancel the company's LSE listing, overruling four of six board members. Shareholders will re…
Leopold Aschenbrunner's Situational Awareness LP sold its entire public equity portfolio to a single unnamed buyer on July 30 after margin calls from three prime brokers. Bitcoin m…
Three FOMC dissenters wanted to hike immediately. The 30-year Treasury yield hit its highest point since July 2007. Bitcoin spot ETF flows are tracking the worst monthly total on r…
Vanguard's VTSAX added 269,200 shares of Strive Inc. (ASST), bringing its total position to approximately 1.98 million shares worth ~$23.7 million, per BitcoinTreasuries.NET. The p…
A Reuters investigation published July 29 finds Iran is weeks from receiving up to 400 Chinese-made shoulder-fired missiles through a Hong Kong shell company, directly contradictin…
Raphael Zagury, Twenty One Capital's new CEO, told a Miami audience two days after taking the job that the premium-funded Bitcoin treasury model can't generate easy returns forever…
UAE sovereigns and companies have issued a record $30.3 billion in bonds through July 28, 2026, up one-third year-over-year, as Gulf states race to fund Hormuz bypass infrastructur…
Russia's FSB charged Telegram founder Pavel Durov in absentia on July 29, 2026, under Article 205.1 of Russia's Criminal Code and issued an international arrest warrant. A convicti…
Fidelity marketed FBTC's Fidelity Digital Asset Services custody as the differentiator that set it apart from every other spot Bitcoin ETF. The fund's SEC registration statement co…
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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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