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Why ‘stablecoins’ won’t age well
Ford Broncos aside, cars no longer have much to do with horses. Yet we still measure engines in terms of “horsepower.” The analogy was useful at first.¹ To explain a strange new machine to 19th-century ears, you reached for the familiar: This engine *slaps hood* can do the work of ten horses. The metaphor eventually became outdated, but it stuck anyway. “Stablecoin” feels like that today. The term was born in crypto’s early, chaotic years, when wild volatility defined the space. Prices could swing 20% in the blink of an eye, making the technology unusable for everyday financial activity. If you wanted to ... (full story)
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From thedailyupside.com|May 1, 2026|5 commentsPolymarket users have a 52% rate of winning long-shot wagers on military actions, a nonprofit research group recently found. That’s better than the likelihood of predicting a coin ...
From @DeItaone|May 1, 2026|1 commentCHAIR OF EUROPEAN PARLIAMENT'S TRADE COMMITTEE BERND LANGE: PRESIDENT TRUMP’S BEHAVIOUR IS UNACCEPTABLE Chair of the European Parliament's Trade Committee Lange: We are currently drafting the legislation; we have a parliamentary position and aim to finalise this in June. The US has repeatedly breached the agreement.
From @financialjuice|May 1, 2026|47 commentsTrump: Iran wants to make a deal, but I'm not satisfied. TRUMP: WE'RE NEGOTIATING BY PHONE Trump: We made strides in talks with Iran, but I'm not sure we're going to get to a deal. *TRUMP: US NOT LEAVING HORMUZ STRAIT NOW
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From spectramarkets.com|May 1, 2026I like to start my books with quick war stories from real life trading because they are fun and because I always remember how Raiders of the Lost Ark started with a really ...
From federalreserve.gov|May 1, 2026|2 commentsGood morning, it is a pleasure to join you today to discuss artificial intelligence (AI), and the critical role it plays in cybersecurity and risk management. This event is one of ...
From @zerohedge|May 1, 2026|9 comments*TRUMP SAYS AUTHORIZATION FOR IRAN OPERATIONS NOT NEEDED: NBC *TRUMP TELLS CONGRESS IRAN HOSTILITIES HAVE TERMINATED: NBC
Trump seeks to deflate Iran authorization push by telling Congress war is over President Donald Trump notified Hill leaders on Friday, the 60th day of the Iran war, that US hostilities with Tehran are over — for now — and thus don’t need congressional authorization. It’s a significant message to Republican lawmakers who have grown increasingly anxious and, in some cases, open to a debate over Trump’s authority to continue the conflict under the War Powers Act. That statute requires Trump to seek authorization from Congress to continue the war after 60 days, or to notify lawmakers of a 30-day withdrawal period. Instead, Trump sent a letter outlining “changes in the posture” of US forces in the region, confirming the administration’s plans to reset the War Powers Act clock if conflict resumes. He told reporters Friday that “I don’t think it’s constitutional” for lawmakers to seek an authorization debate under the 1973 War Powers Act although he also said in the letter he will “keep the Congress fully informed, consistent with the War Powers Resolution.”
