The crypto fund domicile decision: EU or the UK? north As the EU’s MiCA regulation and the UK’s evolving crypto laws diverge, fund managers face a key choice: to opt for the EU’s legal certainty and passporting or the UK’s flexible, innovation-driven approach.
Dollar Becalmed, Gold Softer, Oil Firmer north Overview: The latest phase of the Israel-Iran conflict continues and the impact on the markets remains minimal. Oil prices are elevated, but private insurance seems to be slowing traffic in the Straits of Hormuz more than the direct results of a blockade that Tehran appeared to have [...]
Investors Take Israel-Iran Conflict in Stride: Gold, Oil, and the Dollar are Softer north Overview: After inflicting damage on Iran's proxies (Hamas and Hezbollah), Israel turned to Iran itself following the IAEA's finding that Tehran was in violation of its uranium-enrichment targets. The war continues. The US reportedly helped Israel shoot down missiles aimed at it, but so far [...]
World Experience: Updates from the Next Billion Fellowship north This is an update from the Next Billion Fellowship Program. Applications are rolling and open for cohort 6 beginning in October 2025. Individuals interacting with an application have a user experience. Collectives interacting with a protocol have a world experience. There are many worlds that [...]
Bitcoin must upgrade or fall victim to quantum computing in 5 years north Unless Bitcoin upgrades its core cryptography in the next five years, the trust it has built over 16 years could be wiped out by a single quantum attack. Urgent upgrades are needed to protect the world’s leading cryptocurrency.
Week Ahead: Geopolitics, Tariffs, and Central Banks north The response of the US dollar and Treasuries to Israel's attack on Iran and the palatable risk of escalation was uninspiring. It supports the popular narrative about the changing role of the US dollar and assets in the world economy. US stocks and bond sold off ahead of the weekend. It should [...]
Israel's Strike Lifts Dollar but only Modestly, Gold and Oil Rally north Overview: Israel attacked Iranian nuclear enrichment site and apparently targeted scientists and top Revolutionary Guard leadership. Reports suggest that that no increase in radioactivity has been detected. The US quickly indicated that while it was informed of the attack, it did not authorize [...]
Crypto ownership isn’t just lambos and bros anymore north The National Cryptocurrency Association’s 2025 report reveals a surprising normalcy to crypto ownership, spanning construction sites to art studios and challenging long-held stereotypes.
Can't See the Risk-Off by Looking at the Dollar or Gold north Overview: The combination of President Trump's renewed threat to send letters to announce the new bilateral tariff letters and the heightened tensions with Iran have spurred risk-off forces but they have not been expressed, as often is the case, with a stronger dollar and a surge in gold. The [...]