The research behind
our positions.

The Empire Strikes Back: Are Banks Capturing the Stablecoin Revolution?

The largest US banks and card networks are building their own tokenized-dollar rails. The conventional read is capitulation. We think it is a counterattack.

The Weakening Dollar: How Currency Dynamics Are Reshaping Global Capital Flows

The Liquidity Insurgency: Why Stablecoins Are the Anti-Hegemon

The “Fourth Stage”: Complacency, Conflict, and the End of Unipolar Dominance

The Day Free Money Died: Japan’s Historic Pivot and the New Global Danger Zone

U.S. China Decoupling Accelerated: The Macro Cost of Dual Supply Chains

AI Rollout Meets Policy Roadblocks: A New Source of Systemic Risk?

Inflation Expectations, Labor Markets, and Portfolio Resilience

US Tariffs and Global Trade: Rethinking Investment Strategy with Crypto

Crypto Legislation in the U.S.: The GENIUS Act and Beyond

Monetary Divergence and the Next EM Debt Crisis

Visualizing Shifting Correlations in Financial Markets

Shifting Tectonics of US Dollar Hegemony

Synthetic Hedging in Directional Investment Strategies

The Bitcoin Energy Whitepaper

On the Development of Systematic Crypto Trading Strategies