stablecoins

Macro environment: duration, dollar, oil, politics

The dominant factor in September is not an endogenous crypto narrative but a regime of real rates and geopolitical energy…

2 weeks ago

Crypto Markets Show Recovery Signs But Face Three Key Frictions Ahead

The market has exited the capitulation phase of June 2026, where BTC fell below $60k, driven by ETF creations and…

2 weeks ago

Crypto Short Squeeze

Bitcoin surged to $76,800-$77,600, gaining 6-8% in 24 hours and 20% for the week. The market saw over $4 billion…

3 weeks ago

CBDC: 137 countries in the race, but who is measuring the actual speed of adoption?

The Quietest Race in Monetary History Never before have so many central banks worked simultaneously on the same transformation. According…

4 weeks ago

Stablecoins: $315 billion in circulation, zero dynamic reserve ratings. Why this must change

Price is the last indicator to move The stablecoin market has reached a new milestone: over $315 billion in total…

4 weeks ago

$315 billion stablecoins: why “trust me” is no longer a reserve policy

The stablecoin market has crossed a symbolic threshold: a market capitalization of over $315 billion. What was, five years ago,…

4 weeks ago

The $16 Trillion Question: Who Measures Tokenization?

The numbers, first. Tokenized real-world assets crossed $30 billion in early 2026, a 300% year-on-year increase : US Treasury debt…

4 weeks ago

Gold as an Implicit Call Option on Fiat Collapse: A Model-Driven Analysis

According to the methodology of Dixit and Pindyck (1994), gold contains an implicit call option on the collapse of the…

4 weeks ago

RWA Treasuries: The High-Stability, High-Yield Foundation for Modern Crypto Strategies

RWA Treasuries (Sharpe 1.0-1.3 | Volatility 2-3%). Asset representing the tokenization of U.S. Treasury bills (e.g., BUIDL, OUSG). The high…

4 weeks ago

Profitability and margin structure. Quantified comparison of SpaceX (Q2 2026) vs hyperscaler models (AWS, Azure/Microsoft Cloud, Google Cloud, Meta AI infrastructure).

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…

1 month ago