Corey Frayer

Kraken becomes first digital asset bank to receive a Federal Reserve master account Historic milestone enables direct access to the U.S. payments system, strengthening Kraken’s institutional offering

Crypto will revolutionize the financial system by...relying on the public payments technology system we've been using since the 1970s?

blog.kraken.com/news/federal...

It's the dry heat.

"I believe they do care. And yeah, they care. And yeah, they care."

Chotiner made him trip over himself so hard he disassociated and started making up Bright Eyes lyrics.

I'd rather get hit by this than a Cybertruck.

Feeling this design from my Izod to my Jordaches.

Bitcoin news: BTC jumps above $71,000, building on resilience to Middle East conflict Bitcoin climbed above $71,000, gaining more than 6% in 24 hours and leading broad advances in major cryptocurrencies.

You can't assign economic logic to crypto market price swings. There is no logic to it. It reacts erratically to geopolitical events, macro trends, inflation and the stock market.

It is a volatility flywheel.

www.coindesk.com/markets/2026...

[apologies not full verbatim text] Post on Truth Social from Trump saying that banks need to cave in to crypto demands and support crypto market legislation that allows payment of interest on stablecoin holdings. He claims that if banks don't, crypto will go to China.

Trump weighs on stablecoin yield because:

A) he believes crypto is a financial revolution

or

B) he owns a stablecoin issuer and crypto platform

Messina must still be getting advice from Larry Summers.

Wildly disingenuous. Obama was a C-/D+ on financial regulation to begin with so it's not shocking he opposes regs here (in addition to being a paid hack).

Jim Messina talking his book. Shocker.

Charitable stunts or profiting off poverty porn - who could say

Find the the prediction market for "this guy intermittently sings 'here's to the land of the long leaf pine'."

Blackstone Senior Staff Opened Wallets With Flagship Private Credit Fund Under Pressure Executives at Blackstone Inc. had a decision to make.

Out of all other ideas, Blackstone does the private credit fund equivalent of buying $1,300 of Thin Mints from your own kid.

www.bloomberg.com/news/article...

If I'm reading this correctly, the not-shocking conclusion is stablecoins benefit Wall Street banks much more than regionals and community banks.

Add'l speculation by me: the market may not view stablecoins as a competition threat but a but a deregulatory advantage for large tradfi incumbents.

Bank Equity Price Reactions to Stablecoin Legislation The growth of stablecoins could reshape competitive dynamics in banking, but whether this benefits or challenges individual institutions depends on their size and jurisdiction.

Y’all look like you need a break from the grueling news cycle (again!). We’ve got you covered!
Check out our note with @rashad-ahmed.bsky.social on bank equity price reactions to stablecoin legislation!

anderseninstitute.org/bank-equity-...

Certified good person.

House chamber*

During his #SOTU, Trump said “the roaring economy is roaring like never before.” But the data tell a far more complicated and concerning story.

CFA’s State of the #Economy examines the real financial conditions facing American households.
#AffordabilityCrisis #FoodPolicy

I think that is covered by "the occurrence, nonoccurrence, or extent of the occurrence of an event relating to a single issuer of a security...provided that such event directly affects the financial statements...of the issuer."

Not a lawyer and could very much be wrong.

Wouldn't that qualify as a securities based swap?

Bleak Research Report Stokes A.I. Debate on Wall St.

The subprime mortgage brokers became SEO consultants who became social media influencers who became crypto traders who became AI slop prompters who will become Uber drivers.

www.nytimes.com/2026/02/25/b...

Kalshi reveals insider trading case against editor for MrBeast With prediction markets booming, so have concerns about insider trading. Now, Kalshi has disclosed its first public actions against accounts suspected of trading on confidential information.

Isn't one of the vaunted benefits of prediction markets that they draw out insider information and bring it to the public domain?

How does that work if you've got anti-insider-trading policies?

www.npr.org/2026/02/25/n...

It's like the first unsigned note of financial research.

Inevitable in a post-"Don't be evil" tech sector.

Worth remembering that (among other things):

He viciously attacked a brilliant regulator who may have prevented the financial crisis and happened to be a woman
ritholtz.com/2009/11/the-...

&

Straight up said women were incapable of scientific thought.
www.thecrimson.com/article/2005...

This is a lot of smart words for 'PE&PC prints leverage.'

$9 trillion isn't small potatoes - the mortgage market was about $10-11 trillion in 2007.

I don't at all disagree that the scamminess and financial deregulation are baked in and important. But the culture of crypto is just as dominated by reactionaries and racists.

I think that's important to for everyone to understand and a big factor in this case as well is my only point.

The failure to recognize that crypto is as much a political movement as it is a financial deregulatory one is a huge risk to the opposition party.

This is not what the SEC means by a disclosure regime.