Economy


Markets

First Mover: Binance's CZ Doesn't Even Dispute That DeFi Might Be Inevitable

Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.

Binance CEO Changpeng "CZ" Zhao says the centralized exchange's BNB tokens might benefit from the decentralization trend.

Markets

The Decade of the Living Dead: How Zombie Companies Are Robbing Tomorrow’s Economy

The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention.

(VectorPocket/Getty Images)

Markets

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)

Markets

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.

(Trifonenko/Getty Images)

Markets

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.

(William_Potter/Getty Images)

Markets

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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Markets

‘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.

(vDraw/Getty Images)

Markets

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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Markets

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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Markets

‘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.

(Neilson Barnard/Getty Images)