Three macro variables dominate the pricing of five crypto assets today. The August CPI, released on September 11, is the…
Bitcoin remains anchored as a macro duration asset, with ETF float around 6% of market cap. The repeated rejection near…
Thesis. 2026 marks the global doctrinal shift. Private-regulated dollar (GENIUS Act), public-regulated euro (ECB), public-interest-bearing yuan (PBOC). Stablecoins become a…
Thesis. The 2026 AI cycle shifts from conversational models to "digital workers" (agents) and physical AI (robots, driving, inspection); value…
Thesis. Two "invisible" projects converge in 2026: the completion of the licensed perimeter under MiCA (crypto) and the ISO 20022…
Thesis. Raw materials are regaining a core portfolio role (hedging a multipolar world and AI electrification), while European ESG shifts…
AI will lead to mass dumbing down of society. This is one of the most underestimated risks of AI transformation.…
Thesis. While the market watches tokens, the largest financial data upgrade in history is concluding: after the end of the…
Gold was indeed a high-Sharpe asset during certain windows from 2025 to early 2026, and long-term bonds did under perform.…
Digital finance is shifting gears. For ten years, the value of a digital asset rested on a promise of appreciation.…