Trading Spotlight
The trades, moments, and moves worth talking about.
Debasement trade lights up markets: gold through $4,500, Bitcoin up 17%
Commodities up, cryptos flying, the dollar weaker, equities sliding. Fresh intervention from Bessent, but not in the expected asset class. Here is what brought volatility back and what to watch next week.
Read story →Stripe acquires OpenRouter for $7B - AI compute becomes a tollbooth
Bloomberg reports Stripe is buying OpenRouter for more than $7 billion. The deal trades a 3% card-processing toll for 5.5% of every dollar of AI compute, and that second number is the story.
Read story →Is Jane Street suppressing the price of Bitcoin through its ETF position?
A viral thread by @1914ad ties together a federal lawsuit, clockwork 10am sell-offs, and a disclosure loophole.
Read story →A Polymarket account opened one month ago just made $500,000 trading crypto markets
A brand-new Polymarket account, opened just weeks before, racked up over half a million dollars in profit.
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