Economy

Crypto investors inverting the gold-price scale is starting to seem like the sane thing to do. (Pixabay, modified by CoinDesk)
First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11K
Cryptocurrencies' 2020 gains are the truth gauge as markets react to the Federal Reserve's inflation goal, where Zimbabwe is the model of success.
Crypto investors inverting the gold-price scale is starting to seem like the sane thing to do. (Pixabay, modified by CoinDesk)

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The Business of Geopolitical Competition
As Oracle wins a bid for TikTok US, a look at how tech competition, culture competition and currency competition shape the business of geopolitics.
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Is Being the ‘Saudi Arabia of Money’ Good for America?
A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade.
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The Raw, Savage Capitalism of Open-Source Protocols
Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI.
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‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin.
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How Monetary Policy Undermined American Resilience
A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.
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First Mover: DeFi 'Vampire' SushiSwap Sucks $800M from Uniswap; BitMEX Basis Lags
SushiSwap, the "vampire mining" protocol, sucked more than $800 million from rival Uniswap in the latest DeFi mind-bender. PLUS: BitMEX futures distortions.
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‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible
The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.
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Banks Are Toast but Crypto Has Lost Its Soul
In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold out, says our columnist.
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There's now a credit-default swap contract on Tether, allowing traders to bet on the credit risk inherent in the dollar-linked stablecoin. (Thomas Rowlandson/Metropolitan Museum of Art, modified by CoinDesk)
First Mover: Buying Bitcoin's Dip, Betting Against Tether and Weighing the Jobs Report
Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.
There's now a credit-default swap contract on Tether, allowing traders to bet on the credit risk inherent in the dollar-linked stablecoin. (Thomas Rowlandson/Metropolitan Museum of Art, modified by CoinDesk)