AI Infrastructure: $638 Billion Order Book, 18-Month Low Prices - The Cycle Discount
The AI paradox: the companies building tomorrow's data centers see their stocks decline while their order books overflow.
Jul 2, 2026 at 16:36 9 9
Microsoft and the AI sell-off: opportunity or value trap at the start of H2?
The market is penalizing Microsoft's AI capex spending before monetization is proven—a structural warning for all of Big Tech at the start of H2 2026.
Jun 30, 2026 at 10:08 10 11
Eleanor Whitfield
PBoC keeps rate at 1.25% and injects 600 bln yuan: China ends Q2 on life support
The Chinese central bank floods markets with liquidity at the end of the quarter, accentuating monetary divergence with the Fed—and the risk of competitive devaluation of the yuan.
Jun 30, 2026 at 10:05 14 12
Heinrich Vogel
BlackRock Integrates Ethena's USDe into Aladdin: Institutional Finance Adopts Its First DeFi Synthetic Dollar
BlackRock has just integrated USDe, Ethena's synthetic dollar, into its Aladdin platform, which oversees $20 trillion in institutional assets. A world first: a native DeFi asset enters the risk management layer of the world's largest sovereign funds.
Jun 29, 2026 at 20:49 9 9
Elena Fischer
SpaceX: The Mega Leap Deal and the Never-Resolved Question of Governance
The Financial Times analyzes the "leap of faith" behind SpaceX's mega bond deal—a debt raise without audited accounts, without public governance, based solely on Elon Musk's reputation. A model that raises growing questions for institutional investors.
Jun 29, 2026 at 17:16 13 14
Daniel Schmidt
BIS: AI Spending Boom Threatens Global Financial Stability
The Bank for International Settlements sounds the alarm: massive investments in AI could form a capital bubble likely to crash markets and trigger a recession—a warning that resonates as the U.S. Moratorium Act puts pressure on the sector.
Jun 29, 2026 at 17:15 8 11
Arjun Mehta
Japan: Government "Encourages" BoJ – Coded Signal Ahead of July Meeting
The Japanese government included in its annual plan on June 29 the notion of an "appropriate monetary policy" – a deliberately ambiguous signal that sets the stage for a possible BoJ rate hike in July, without stating it explicitly. The JPY carry trade is entering a risk zone.
Jun 29, 2026 at 09:02 10 10
Heinrich Vogel
GE Vernova and the AI Electricity Challenge: Between Gas Turbines and Blackout Risks
The electrical demand from AI data centers is putting unprecedented pressure on the U.S. grid. GE Vernova is building the turbines powering the boom; a utility executive warns that the U.S. is heading toward blackouts.
Jun 27, 2026 at 16:46 12 13
Arjun Mehta
Ethereum Foundation: After Layoffs, Funding Risk Resurfaces
Three weeks after restructuring 20% of its workforce, a former executive of the Ethereum Foundation warns of a structural funding gap linked to the drop in ETH and the governance transition.
Jun 26, 2026 at 23:03 16 17
Lars Eriksson
China: The Failure of Rebalancing – A Structural Risk for Global Capital Flows
Since 2013, Beijing has promised a pivot to domestic consumption. In 2026, Stephen Roach's (Project Syndicate) verdict is unequivocal: the rebalancing has failed. This structural misalignment weighs on global markets as a whole.
Jun 26, 2026 at 15:55 18 15
Heinrich Vogel
Bitcoin and Ethereum: Traders Anticipate More Pain After Monthly Losses Exceeding 20%
With drops exceeding 20% in June 2026, BTC and ETH posted their worst month since late 2022—and the derivatives structure signals that the market has yet to capitulate.
Jun 25, 2026 at 22:35 12 12
Yuki Tanaka
Magic Internet Money drops 50% below its peg: Abracadabra declares emergency
Abracadabra's algorithmic stablecoin MIM collapses to $0.50—a debacle illustrating the systemic risk of synthetic-collateral stablecoins during market stress.
Jun 25, 2026 at 22:34 12 10