Markets
52 stories
Strategy's $66B Bitcoin Machine Runs on Capital Markets, Not Bitcoin's Price
A stress test finds BTC would need to fall 96% to threaten the convertible notes — but $1.76 billion a year in interest and dividends has to be paid regardless.

Bitcoin Is Outrunning the Market It's Supposed to Lead
BTC is up 24% in a week while the ex-BTC, ex-ETH market shrank — and Bitcoin dominance near 61% says the money is staying at the top.

China Needs Dollars, and Is Building a Hedge Against Losing Them
Washington threatens to cut off anyone helping Iran evade sanctions. Beijing's largest banks have strong reasons not to test it.

Bitcoin ETF Inflow Streak Hits $2.26 Billion Over Six Days as August Becomes the Year's Best Month
Monday added $337.6 million, IBIT is swallowing most of it, and weekly turnover more than tripled to $22.1 billion.

Bitcoin Slips Back Under $80K as Gold Cools and Stocks Shrug Off a US-Canada Tariff Spat
BTC touched 14-week highs at $81,265 before US trading hours pulled both crypto and gold lower — while equities quietly went the other way.

Bitcoin Tops $81,000 for the First Time Since January — and the Debasement Trade Is Talking Again
A Treasury buyback expansion hurt the dollar and lit up everything that can't be printed. The 2025 playbook is suddenly current affairs.

Who Actually Trades With Iran, and Whether Sanctions Can Stop Them
China takes 26.9% of Iranian exports. Turkey and Pakistan share a border with it. The pressure only works if those three comply.

Brick Lane Fought a Data Centre and Lost
The council would have refused it. The secretary of state approved it anyway — and the site earmarked for 800 homes will deliver 44.

The9 Lost $13M Operating — Then Its Own Token's Paper Gains Delivered a $32M 'Profit'
A $47.2M fair-value gain on 9BIT, plus an $11.1M token reward, exceeded the Nasdaq-listed company's entire net income. Revenue: $712,000.

CoinShares' 25% Buyback Authority Might Recycle Shares to Employees Rather Than Shrink Supply
The asset manager's September 15 EGM pairs a big repurchase authorization with treasury-share powers and an employee equity plan — read together, the math changes.

Iran Says It Is 'Fully Prepared' for Washington's 'Economic D-Day'
Bessent promises to tighten the noose around every source of revenue. Tehran says it has had a two-year plan ready and is waiting.

A New 10p Enters Circulation for the First Time in Four Years
The capercaillie on the reverse is at risk of extinction in Britain for the second time. More coins will be struck than there are birds left.