Bitcoin Brief
The Banks Are Watching the Plumbing Break
Fourteen banks published 1,598 reports this week. Treasuries sold off during a war. Dubai RE cratered 32%. Bitcoin broke $73K. The safe haven playbook is broken.
Fourteen banks published 1,598 reports this week. Treasuries sold off during a war. Dubai RE cratered 32%. Bitcoin broke $73K. The safe haven playbook is broken.
Coinbase is quietly lobbying Congress to limit the de minimis tax exemption to stablecoins only, cutting bitcoin out of the picture. Three independent sources on Capitol Hill confirmed it. Here's why they're doing it and why it matters.
Iran escalates to targeting Big Tech data centers. CPI looks calm while Treasury suppresses oil prices. The fertilizer supply chain is severed. Bitcoin's distributed design has never been more relevant.
The SDNY wants to retry Roman Storm after a hung jury. Treasury pushes Patriot Act framework for digital assets. Iran war breaks Asian supply chains. NRC approves first new nuclear reactor design in 52 years.
Refineries across six countries hit by strikes as Strait of Hormuz closes. WTI spikes 28% to $116. G7 considers 400M barrel SPR release that covers just 4-5 days of lost supply. Bitcoin holds $67K.
Blackstone raided its own balance sheet to cover record $3.8B in redemptions. Blue Owl froze withdrawals. PE stocks down 25-61%. Steve Eisman and forensic accountant Tom Gober say the insurance industry is the missing piece of the next financial crisis.
Declassified documents link U.S. bioweapons programs to the Lyme disease epidemic. 282,800 radioactive ticks released across Virginia. Plum Island just 13 miles from Lyme, CT. Plus Strike BLOC, Keonne Rodriguez from prison, and Robert Maxwell's destruction of science.
Kraken becomes the first bitcoin firm to access the Fed's payment rails. The CFTC fast-tracks perpetual futures. The Fed's own payment system goes down during the Iran war. Hormuz tanker traffic plummets 90%. Bitcoin is up 7% and has never made more sense.
