mBridge is a multi-CBDC (wholesale) platform for cross-border payments and foreign exchange settlements in central bank digital currencies. Originating from Project Inthanon-LionRock (HKMA + Bank of Thailand, 2019), it expanded…
On August 11, 2026, RBI Governor Sanjay Malhotra confirmed that BRICS members are actively exploring links between their instant payment systems (FPS) and Central Bank Digital Currencies (CBDC). The goal…
Starlink Direct-to-Cell (also called Starlink Mobile or D2C/DTC) is SpaceX’s satellite-to-smartphone service that lets ordinary, unmodified 4G/LTE phones connect directly to Starlink satellites for basic connectivity in areas without terrestrial…
The Monte Carlo analysis of JPY carry trade unwind uses a Merton Jump-Diffusion model to simulate USD/JPY dynamics over a 90-day horizon, capturing both continuous exchange rate movements and sudden…
Institutional and fundamental legal framework
Unlike many central banks, the Bank of Japan (BOJ) has no autonomous decision-making power over foreign exchange intervention. This authority rests solely with the Minister…
The original thesis from December 6-13, 2025, predicting a catastrophic systemic event driven by a Fed-BOJ shock and a $11.5 trillion carry trade unwind within 90 days, was not validated…
SpaceX is not a blockchain protocol, a crypto cloud, a native DePIN network, or an on-chain payment processor as of August 10, 2026. It is a physical infrastructure platform (launch,…
https://www.steelldy-indices.com
SpaceX has a gross margin of 55.3%, but negative operating and net margins (-1.8% and -6.9%). Only Starlink connectivity is profitable (~+$1.66B OI), while Space and AI segments are…
This morning, the CCQI (Climate Change Quality Index) stands at 82.98, reflecting relative stability in the quality of climate-related assets. At the same time, the price of EUAs (European Union…
Revenue decomposition and growth dynamics for Q2 FY26
Consolidated revenue reached 7,814, representing a 91.94% year-over-year increase from 4,071. The total revenue growth of 3,743 is driven by AI compute…