Immigration policy has consequences. Add millions of people to constrained housing markets and rents rise. The fiat machine made it worse.

White House says it's structuring the Strategic Bitcoin Reserve. 328,000 BTC locked by EO. ARMA bill would codify it. What the delay means and what to watch next.

UAE pumped above 3.8M bpd in June after quitting OPEC. Chinese teapots entered ADNOC tenders for the first time. Brent is back near $72. The petrodollar plumbing is quietly shifting.

As I noted last week, a small roll of pages recently showed up at my door. They appeared to have been ripped from a history book entitled 2000–2150 AD: The Emergence of Modernity. I am completing my transcription of them today, verbatim. Make of it what you…

EO 14233 locked forfeited U.S. government Bitcoin into a permanent no-sell reserve. The supply math, the institutional signal, and the one vulnerability left.

GPU credit rhymes with ASIC loans, and Japan’s bond market canary is screaming as JGB yields rise and the yen slides.

Galaxy delivered 133 MW to CoreWeave at Helios on July 6. A $65M distressed mining acquisition now generates $1B+/year in AI infrastructure revenue at projected 90% EBITDA margins.

NY Fed's June SCE: 1-year inflation expectations jump to 3.7%, a 3-year high. The 3-year anchor hits levels not seen since June 2022. The disinflation story is cracking.

Eight sanctioned Russian shadow fleet tankers hit overnight in the Sea of Azov. Ten total in two nights. Ukraine is doing kinetically what SWIFT couldn't do on paper.

Polymarket now credits Bitcoin Lightning deposits in under a second via Spark's zero-conf rails. Self-custodial. No node management. One SDK.