As perpetual futures edge into the mainstream, they stand to reshape dollar funding markets in unexpected ways.| The Blind Spot
Industry news: Flow news: Ethereum saw a massive $1.6B inflow into its stablecoin supply, more than all other chains combined. Commentators argued this should reinforce Ethereum’s role as the backbone of on-chain finance — though some pointed out that velocity, not just supply, is the more telling metric of real adoption. — Tether is seeking […]| The Blind Spot
Dispatches from the frontlines of European manufacturing There is something Kafkaesque about European manufacturing: it doesn’t really exist. The problem isn’t just how expensive manufacturing in Europe is. It’s how inflexible and specialized most participants have had to become to fend off Asian competition. The result is a dearth of manufacturing methods, materials, and expertise, […]| The Blind Spot
A collection of interesting blind spotty stuff from the week. Who owns U.S. debt? Aka: how QE killed the UST carry-trade for foreigners (and correspondent banking in the global south with it). The Blind Spot is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. From […]| The Blind Spot
Hyperliquid is a crypto exchange that doesn’t want its customers to rely on leading stablecoins like Tether or Circle for trading on its platform. It would rather issue the coin itself. But managing coins is a complex business, requiring licenses, banking relationships, regulatory experts, and more. That’s why Hyperliquid is seeking to outsource the responsibility […]| The Blind Spot
Cash Equivalence is a pop-up news service operated by Blind Spot Publishing dedicated to coverage of stablecoins and CBDCs. Its content is also available independently at www.cashequivalence.com for £10 per month. Industry news: — WLFI is introducing the idea of stablecoin buybacks. — Paxos has launched PaypalUSD on the Stellar network. — Paxos launched its […]| The Blind Spot
The fracture stems from a blind spot: a reluctance to recognize that certain limits on speech are legitimate, especially at war, and that whataboutism isn't always equivalent.| The Blind Spot
Don’t fall for a false dialectic. Don’t get played. Practice cognitive security and touch grass. Stay kind.| The Blind Spot
Tell me you're running a patriotic war bond campaign, without officially telling me you're running a patriotic war bond campaign.| The Blind Spot
A Triggernometry conversation with historian Dominic Sandbrook about Empire triggers Dario to retrace his roots and argue that, contrary to popular belief, it was the Spanish that had the best empire in the world, not the British. Continuing the Spanish theme, Dario takes a closer look at the burgeoning fiefdom of Amancio Ortega, the reclusive […]| The Blind Spot
The Blind Spot is relaunching with a streamlined structure and renewed focus on its core mission of providing contrarian, politically aware financial journalism through what it calls “journalistic cartography.” Moving away from overextension, it will now prioritize big-picture analysis and frameworks to help readers navigate the shifting world order. Central to its outlook is […]| The Blind Spot
SNEAK PEEK — ECB's Christine Lagarde is not a fan of stablecoins, and thinks a light-touch capital control for the eurozone might be needed to prevent runs. — The importance of intraday liquidity in maintaining the health of the financial system finally gets its day in the sun, thanks to the BIS. — Worldline […]| The Blind Spot
