Oct 19, 2026
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10 min read
MSCI adopted the rule and named no one. Inflation hit 3.7%, yields fell anyway, and bitcoin briefly went under $80,000.
Oct 14, 2026
The two funds behind last week's selling went quiet, then Fidelity's turned buyer. Bitcoin fell 2.3% and recovered on its own timetable anyway.
Oct 12, 2026
11 min read
Two funds did 86% of last week's ETF selling. The biggest one finished flat, and bitcoin got back 41% of its fall, most of it while the funds were shut.
Oct 9, 2026
14 min read
The Treasury put $98 billion back, yields came down and credit eased. Bitcoin fell anyway, and we are not going to invent a reason.
Oct 5, 2026
22 min read
Credit widened 58 basis points anyway, with nothing defaulting to explain it, and bitcoin closed its best quarter since 2024 straight through both.
Sep 30, 2026
23 min read
The ten-year closed at 5.26%, credit repriced 36 basis points in five sessions, and the asset whose whole case is a falling discount rate moved less than one per cent.
Sep 28, 2026
20 min read
Nobody stole a key. The exchange's own withdrawal software approved the transfers, and the reserves report stayed accurate the entire time it was happening.
Sep 23, 2026
17 min read
Brent futures have given back most of the shock the Fed hiked into. Gasoline and diesel went the other way, and the official print lands after this email.
Sep 21, 2026
19 min read
Seven weeks ago the same twelve people split 9-3 and voted to hold. On Wednesday they raised rates with no dissent at all, and bitcoin rose 8% anyway.
Sep 16, 2026
15 min read
The Senate's crypto bill failed cloture 49 to 50 with every Democrat opposed, after a final text built from 126 of their own requests. The Fed decides at 2 pm.
