Postskirax in # card • 10 hr. ago • 1 min readCrypto Card Transaction Volume Hits Record $650m in AprilCrypto Card Transaction Volume Hits Record $650m in April The crypto card market continues its rapid expansion as users shift to direct spending without banks. Monthly volume surged to over $650 million, nearly tripling compared to the same period last year.kirax in # crypto • 10 hr. ago • 1 min readStable Coin Dominance 🚨Stable Coin Dominance 🚨 increases market dumps decreases market pumpskirax in # blog • 2 days ago • 1 min readFood is set to become even more expensive:Food is set to become even more expensive: World fertilizer prices have surged +44% since the start of the Iran War, to the highest since 2022. This comes as ~33% of globally traded fertilizers pass through the Strait of Hormuz, which remains effectively closed. This includes 23% of global ammonia, 34% of urea, the world's most widely…kirax in # cpi • 2 days ago • 1 min readInteresting observation between PPI and CPI.Interesting observation between PPI and CPI. PPI bottomed almost 2 years before CPI did, which may suggest that producers have been under pressure much longer than consumers. Companies likely absorbed higher costs before slowly passing them on to consumers later. Now with higher energy prices again, producers may struggle to absorb those…kirax in # stock • 4 days ago • 1 min readThe stock-bond relationship is showing a rare pattern:The stock-bond relationship is showing a rare pattern: The 2-month correlation between US equities and the 10-year Treasury yield is down to -0.70, the lowest since 1999. In other words, over the last 2 months, stocks and the 10-year Treasury yield have moved in opposite directions by the largest extent this century. At the start of…kirax in # blog • 4 days ago • 1 min readIf you bought Bitcoin 5 years ago, you doubled your moneyIf you bought Bitcoin 5 years ago, you doubled your money If you bought ETH 5 years ago, you made absolutely nothing And if you bought HYPE when it first went on exchanges, you outperformed bothkirax in # blog • 6 days ago • 1 min readBitcoin Cycle Analysis (15-Year Perspective)#Bitcoin Cycle Analysis (15-Year Perspective) The chart overlays Bitcoin’s historical price action with broader business cycle patterns over the past 15 years. Key observation: Bitcoin has repeatedly shown strong performance during specific phases of the economic cycle. Current positioning within the long-term structure suggests we…kirax in # etf • 6 days ago • 1 min readBitcoin Spot ETF Flows UpdateBitcoin Spot ETF Flows Update Bitcoin spot ETFs recorded a significant net weekly outflow of $1.25 billion. Key highlight: BlackRock (IBIT) saw massive outflows of $1.008 billion this week. This marks one of the stronger weekly sell-offs from institutional ETF products in recent months. While Grayscale continues to see consistent…kirax in # dollar • 9 days ago • 1 min readGold Is Getting Increasingly Sensitive To Moves In DollarGold Is Getting Increasingly Sensitive To Moves In Dollarkirax in # wealth • 9 days ago • 1 min readThe Top 1% of U.S. earners now have more wealth than the entire middle classThe Top 1% of U.S. earners now have more wealth than the entire middle classkirax in # crypto • 1 mo. ago • 2 min readBuilDeFi is the first ever truly fair DeFi launchpadWhy BuilDeFi BuilDeFi: A Fair-Launch Token Launchpad for DeFi Builders If you've ever wanted to launch a token — anything from a simple meme coin to a more sophisticated DeFi protocol — without the usual dev costs and months-long timelines, a new platform called BuilDeFi (buildefi.win) is aiming to make that possible in a matter of minutes…kirax in # loans • 1 mo. ago • 1 min readCommercial and industrial loans at US commercial banks jumped +$211 billion YoY in the week ending May 13th, to $2.89 trillion, the highest since June 2020.BREAKING: Commercial and industrial loans at US commercial banks jumped +$211 billion YoY in the week ending May 13th, to $2.89 trillion, the highest since June 2020. This also marks the 3rd largest increase since April 2023. Year-to-date alone, commercial and industrial loans have risen +$185 billion. Loans are now just $180 billion…kirax in # oil • 1 mo. ago • 1 min readBrent Oil Time SpreadsBrent Oil Time Spreads Update The Brent crude oil time spread (2nd to 3rd front-month futures) has collapsed to its lowest level since early March. Key context: The market is pricing in expectations that the Strait of Hormuz could reopen, reducing geopolitical risk premium Despite the sharp drop in spreads, the oil market remains…kirax in # etf • 1 mo. ago • 1 min readLeveraged trading in Asia is more popular than ever:Leveraged trading in Asia is more popular than ever: The 2x Leveraged SK Hynix ETF, listed in Hong Kong, has attracted +$1.3 billion in year-to-date inflows. As a result, total ETF assets under management (AUM) are up to $8.0 billion, the highest on record, making it the world's largest single-stock leveraged ETF by assets. This fund’s AUM…kirax in # btc • 1 mo. ago • 1 min read42% of Bitcoin Supply Now Trading at a Loss42% of Bitcoin Supply Now Trading at a Loss Over 8 million BTC — nearly half the entire circulating supply — is currently underwater. This is one of the most severe unrealized loss readings in recent cycle history, driven largely by Short-Term Holders who bought near the highs. Historically, such extreme levels have only appeared during…kirax in # btc • 1 mo. ago • 1 min readSince 2021, we got:Since 2021, we got: -Spot ETF approvals -A pro-crypto President -Pro-Crypto SEC chair -The Fed finally ending QT -The Clarity Act advancing to the Senate Banking Committee -Banks now offering crypto services -Michael Saylor buying BILLIONS worth of #BTC -Bitmine now holding $11.5 BILLION worth of #ETH Yet the total crypto market cap…kirax in # data • 1 mo. ago • 1 min readUS data center construction spending has now topped a $50B annualized rate, driven by AI Infra demandUS data center construction spending has now topped a $50B annualized rate, driven by AI Infra demand From March 2022 to March 2026, data center construction spending surged 336%, from ~$11B to ~$50B Over the same period, general office construction fell 34%, from $65B to ~$43Bkirax in # blog • 2 mo. ago • 1 min readThere is now more than a 70% chance of a rate hike by the end of the year 2026kirax in # blog • 3 mo. ago • 1 min readThe performance gap within tech stocks is at historic levels:The performance gap within tech stocks is at historic levels: The top 20% of US tech stocks have outperformed the bottom 20% by ~120 percentage points over the last 3 months, the 2nd-highest reading in history. By comparison, this difference peaked at ~135 percentage points during the 2000 Dot-Com Bubble. This spread has QUADRUPLED over…kirax in # bitcoin • 3 mo. ago • 1 min readThis is Bitcoin priced in non-USD global currency.This is Bitcoin priced in non-USD global currency. It's a gauge adjusting for the DXY... it isn't perfect. But it isn't a bullish chart, in and of itself. The invalidation would be a breakout above the May 2026 highs.
