Foreign investors pulled ~$57B from Korean equities in May-June. The won is near 17-year lows. Margin calls, NDF feedback loops, and a BOK trap with no clean exit.

a16z warns open-source AI is being targeted with the same regulatory capture playbook that came for Bitcoin. The pattern is unmistakable.

Nvidia ran Blackwell AI chips off a Utah microreactor on July 1. AI capex is no longer chip-constrained. It's energy-constrained. Here's what that means.

2008-level defaults, $670B in liability on ~$4B of real capital, and a K-shaped economy one PE unwind away from collapse. Nick Nemeth on the everything bubble.

AI bubble, blue-collar renaissance, Kevin Warsh's Robin Hood Fed, and socialist wins in New York. Peter St. Onge on what's coming.

Heat your home, monetize solar, stack sats non-KYC. The Exergy playbook for building-integrated Bitcoin mining is here. Timing is perfect.

Glassnode's Week 26 data shows LTHs flipping to net accumulation as ETFs shed a record $4.5B in June. The classic capitulation handoff is visible on-chain.

Metaplanet hit 43,000 BTC on July 2, spending ~$170.7M in Q2. Its options income business cut effective cost to ~$77K/BTC. The corporate treasury supply squeeze is accelerating.

OpenAI may offer the US government a stake. AI is moving onto wartime footing. bitcoin remains outside every cap table.

57K jobs in June vs. 113K expected. Household survey: -507K employed persons. April and May revised down 74K combined. The soft-landing story has a problem.