When liquidation risk sits with the borrower, it’s one borrower’s problem.
But when that risk shifts to the lender—and the lender doesn’t hedge properly—it can become everyone’s problem.
One bad risk-management decision can turn a single underwater loan into systemic losses.
🟠 The Friday Stack 🟠
Coming up today: the Bitcoin community, what it actually looks like now, who's building it, and where it's headed.
12:30 ET: Steven Gregory (@stevie_satoshi)
1:00 ET: Scott Ellam (@btconlyscott)
See you soon at 12:30 ET! 🤩
Tether got its first full audit ever. KPMG checked every gold bar by hand.
The headline number: $6.8B in reserves above liabilities.
But here's what nobody's saying: BTC now makes up 5.6% of USDT's backing, above Tether's own 3.9% overcollateralization buffer.
That means: if
Good night from the Daily Stack team!
Tomorrow we'll talking about the Bitcoin community, what it actually looks like now, who's building it, and where it's headed.
12:30 ET: Steven Gregory (@stevie_satoshi)
1:00 ET: Scott Ellam (@btconlyscott)
See you tomorrow at 12:30 ET.
🏗️ While most people are watching the price, the financial world is quietly building the plumbing around Bitcoin.
🇺🇸 JPMorgan has filed structured notes tied to BlackRock's IBIT, offering investors up to 1.5x leveraged exposure through a regulated bond-like product.
🇯🇵
Coming up TODAY: Treasury Talks.
Lev (@NextLevBitcoin) opens at 12:30 PM ET, then Mauricio Di Bartolomeo (@cryptonomista) joins at 1:00 PM for round two on where Bitcoin treasuries are actually headed.
12:30 PM ET.
🚨🇺🇸 BREAKING: Producer prices just came in cooler than expected, and this one actually surprised markets.
PPI: 0.0% MoM (exp. +0.2%), +4.7% YoY (exp. +4.9%) Core PPI: +0.2% MoM (exp. +0.3%), +4.2% YoY (exp. +4.2%)
The headline number is the real story here. Economists expected
Eleven crypto companies applied for national bank charters in 83 days. Not a coincidence, a door swinging open.
The OCC has conditionally approved or is processing charters for Coinbase, Ripple, Circle, BitGo, Paxos, and Fidelity Digital Assets, covering custody, stablecoin
Tomorrow on the Daily Stack Show: Treasury Talks.
12:30 PM ET: Lev (@NextLevBitcoin) opens the conversation. 1:00 PM ET: Mauricio Di Bartolomeo (@cryptonomista) joins for round two.
Two perspectives on where Bitcoin treasuries are actually headed. 12:30 ET!
See you tomorrow.
Strategy sold 1,690 BTC this week.
$108M went into STRC buybacks, while another $650M went into cash reserves.
7 weeks. No new BTC.
What’s going on? 👀
Watch the 1-minute breakdown 👇
🚨 TODAY 🚨
@gustavojfe from @AureoBitcoin joins host Pamela Posada (@pameelaposada) on Daily Stack en Español!
TOPICS: adoption, education, and what's still missing for Bitcoin to become truly useful for more people across Latin America.
See you soon at 12:30 ET.
What if you had $3B+ in institutional capital to buy businesses and build an entire portfolio?
That’s the bet behind Brad Jacobs — and the numbers get even more interesting when you look at where the business could go by 2030.
There’s a lot more to this strategy than just the
🚨 🇺🇸 July CPI landed exactly where the market expected. No surprise, but that doesn't mean no consequences.
Headline CPI: +0.1% MoM (exp. +0.1%), +3.4% YoY (exp. +3.4%) Core CPI: +0.2% MoM (exp. +0.2%), +2.5% YoY (exp. +2.5%)
An in-line print sounds boring, but it's actually
Bitcoin is at $63,600 today.
Exactly one year ago: $119,300.
That’s a 47% drop in 12 months.
Same asset.
Same 21 million cap.
Completely different price.
Bitcoin doesn’t care about your timeframe!
Tomorrow on Daily Stack en Español:
Pamela Posada (@pameelaposada) sits down with Gustavo (@gustavojfe), CEO & Founder of @aureobitcoin.
12:30 PM ET, Wednesday. If you speak Spanish and follow Bitcoin, this is the show to catch.
🚨 BIG AI DEAL. BIG $RIOT MOVE.
Anthropic just signed a binding $9.1 BILLION, 20-year lease with $RIOT Platforms for 191 MW of AI data center capacity at Riot’s Rockdale facility in Texas.
We’re breaking it down TODAY at 12:30 ET!
Don’t miss it.