Independent coverage of money
How money moves, and how to move with it.
We cover the markets, the work, and the funnels that pay, without the usual script.
Markets
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SpaceX trades on Solana from day one. Read what the token is.
When SpaceX hits Nasdaq today, a tokenized version goes live on Solana the same hour. The token is a Backpack custody claim with 24/7 trading and no SIPC.
The Editors · 9 min read
GENIUS Act stablecoins: holders rank fifth in issuer bankruptcy
The FDIC just confirmed: stablecoin holders get no pass-through coverage. The GENIUS Act promises first priority. In court, holders are fifth in line.
The Editors · 8 min read
SpaceX wants $1.75T. The S&P 500 just removed the easy bid.
S&P Dow Jones denied SpaceX fast-track index entry on June 5. About $14B of forced passive buying is gone. The IPO has to price on Starlink and xAI now.
The Editors · 8 min read
May jobs beat killed the 2026 rate-cut trade. Read the curve.
Nonfarm payrolls came in at 172K versus an 80K forecast. The 2-year ripped 11 basis points and hike odds jumped past 50%. Read the bond market.
The Editors · 8 min read
Why Strategy sold 32 Bitcoin: the math says it had to
Strategy sold 32 BTC for $2.5M to fund preferred dividends. The $1.712B annual bill against a $900M reserve made the move mechanical, not symbolic.
The Editors · 7 min read
Anthropic's $36B chip deal: read the Broadcom backstop
Apollo is raising $36 billion in private credit to buy Google TPUs for Anthropic. Broadcom is guaranteeing the resale value of its own chips.
The Editors · 9 min read
Money
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Why 401(k) savings hit a record while cash savings cratered
Fidelity's Q1 2026 retirement savings rate hit 14.4%, a record. Personal cash savings fell to 2.6%, the lowest since 2022. The defaults did the work.
The Editors · 6 min read
Pledging Bitcoin for a mortgage: should you do it?
Fannie Mae now lets you pledge Bitcoin for a down payment instead of selling. The structure keeps your crypto, but it charges you. Here is the math.
The Editors · 7 min read
The boring money moves that compound
Most of the gain comes from a few dull habits, repeated.
The Editors · 3 min read
Work
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Funnels
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AI bots crawl 11,000 pages for every visit. Read the trade.
Cloudflare's June data and a 973-site study agree: AI search eats your content, sends almost nothing back, converts worse than nearly everything.
The Editors · 7 min read
AI bills tripled while token prices fell: the agent-loop math
Token prices fell 98% since 2022. Enterprise AI budgets tripled. The agent-loop math explains the gap and how to model next quarter's budget.
The Editors · 6 min read
Your first funnel should be embarrassingly simple
One offer, one page, one email. Complexity is what you add after something works.
The Editors · 4 min read