This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story.
Key Takeaways:
Tether froze record USDT as U.S. seized $500M from Iran, putting crypto rails in geopolitics. CoinShares saw 4 weeks of ETF inflows as capital concentrated in BTC, ETH, and blockchain equities. Paul Sztorc’s eCash fork may exclude Satoshi’s coins, reigniting Bitcoin governance debates.Oil stubbornly reclaimed the $100 mark, while Treasuries fell again, creating a somewhat ominous mood in markets.
Whatever the long-run debate is, the dollar remains the bloodstream of the global system. So while the world looks more fragmented, more politicized, more unstable, the dollar still dominates the plumbing.
The spat over eCash is a reminder that even the world’s most trusted digital asset still faces hard questions about governance, ossification, and adaptability.
-Alex Richardson
