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The Stablecoin Two-Step

Stablecoin issuers are now deploying transparent but legally dubious "dual token" schemes to sidestep regulations and deliver yield to users—a strategy that might provide short-term profits but could spell disaster when regulators eventually crack down.

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Fragile Optimism as Rates Come Back From Brink

Fragile Optimism as Rates Come Back From Brink

With bonds and equities moving in lockstep and traditional hedges faltering, markets are trading headline-to-headline on Iran while Bitcoin’s resilience above $70K reflects cautious positioning in a regime where geopolitics, not fundamentals, is setting the pace.