They’re gunning for “Stretch” again. #$STRC

the beauty of Brexit is that it actually made us more like Europe, economically (charts from GS)

Re-upping my post last week in @alphaville.ft.com on Strategy (née MicroStrategy #$MSTR) and its “death spiral” security “Stretch” #$STRC now that former has broken $100 and latter is far from par despite being positioned as akin to money market fund. www.ft.com/content/7d55...

After last year's strawberry & creme sandwich, this summer M&S is bringing out a chocolate, strawb & pistachio version. It looks, er, indescribable.

If only the CFTC was regulating its primary markets with as much zeal and energy as it's trying to regulate prediction markets www.ft.com/content/b7a7...

Watching BBC News and they just did 5 minutes with a doctor about how this heatwave is life threatening and the interviewer closed it with "well, it's just an opportunity to have ice cream for breakfast!!". Amazing clip of how the BBC seems just blissfully unaware of what is happening

one sign THE NEXT BIG THING is tapped out? When Zuck decide to copy it *ZUCKERBERG DIRECTED META TO CREATE PREDICTION MARKETS APP: NYT

OMG. So in November 2022, when I was at a party at Mar-a-Lago to celebrate Trump running again for president (yes), I met this guy who I described thusly... WHO IT TURNS OUT HE IS THE GUY TRUMP HIRED TO CLEAN UP THE REFLECTING POOL, CEO of the company that owns "Green Water Solutions" I am dying 🤣

"Westminster is a postcode whose currency is power – and power is shifting, quickly." ???

Spare a thought for the ballboys in Portugal's next game. You'll be fetching a lot of wild shots, lads.

It took 11.5 years for Elizabeth II to reach her 4th PM. Her heir Charles III will reach the same point in 3 years and 9 months.

Knowledge and experience of traditional markets: minimal Knowledge and experience of crypto markets: less so. Hired! www.ft.com/content/ef01...

Breaking news: Alan Greenspan, the US Federal Reserve chair who dominated global markets in the late 20th century only to see his legacy tarnished by the financial crash, has died at the age of 100. ft.trib.al/jmaaB1c

There is the risk that some events at London Climate Action Week will be cancelled this week because of an extraordinary heatwave. The @metoffice.gov.uk has just upgraded to red alert on Wedneday with London at 40°C. Previous June record was 35.6°C. This is an emergency.

Well Sam, I wonder why this could be. www.ft.com/content/1d37...

CME has a strong case here. A non-standardised contract without expiration date, designed to maintain price parity with an underlying asset, in which cash flows between parties are periodically exchanged sure sounds a lot like a swap and not a future. www.ft.com/content/5e90...

On reflection, this just gets more dumb. One can pinpoint the pertpetual money machine beginning to seize to the day Stretch was launched. To learn it was created in part by an AI chatbot....

I had to check the video as I didn't think anyone had actually used an AI chatbot to design a security that hurt the issuer. But this is crypto, so sure they did. @thekrazykobra.bsky.social keeps uncovering layers at MSTR. www.ft.com/content/7d55...

I feel like I'm a one-woman campaign against PERVERT GLASSES/PAEDOGOGGLES and everyone needs to write to their MP/whatever before a massive and deeply predictable awful thing happens. can't believe* we're just allowing this to happen. (*i can actually because women don't matter apparently)

Big news: CME boss Terry Duffy is stepping down after 25 years, in 2027.

Scrolling as academic research. Preferred political identity of partisans in the Messi-Ronaldo wars. papers.ssrn.com/sol3/papers....

RIP Mark Rothko. You would have loved how the hydrogen peroxide bleach is only turning the Reflecting Pool blue around the perimeter

Silicon Valley is so out of ideas

#BloomsDay. On 10 June 1904 Nora Barnacle first met James Joyce while walking in Nassau St. Dublin. He was supposedly so attracted to her that he walked up and presented himself. Their second meeting was on 16th June, the date immortalised by Joyce in 'Ulysses'. www.dib.ie/biography/ba... #DIBLives

On the other, someone has just made a million www.sportscasting.com/news/polymar...

It's a shock to discover crypto companies not being able to deliver on promises made, when plans come into contact with hard reality. www.theblock.co/post/404644/...

The big problem with this article and many others is that they don't address the genuine success of Tesla and SpaceX before the Cybertruck/Starship era - when they were using commonly available technology(!), vertical integration and enthusiastic workforce to fill genuine gaps of market failures.

humans have known how to construct a shoulder seam for thousands of years, but with AI, we are unlocking untold new ways to fuck it up

Thought provoking piece on Muskism: "a vertically integrated innovation engine” is in fact a promissory note of a mythological future that you can turn into financial and political capital today

The Capture www.ft.com/content/514b...

At one point I was concerned the bad US takes on Belfast weren't going to come through, but fair play to them in the last 24 hours they've upped their game.

What a phone call this must have been. A claim by KPMG that NHS Greater Manchester uses AI agents to predict hospital readmissions “doesn’t really align” with the press release it appeared to be based on, a spokesperson said. www.ft.com/content/b382...

After years of false dawns, many of the world’s leading tech companies are now betting that quantum computers will start to outperform their conventional counterparts by 2030. www.ft.com/content/7e46...

Excellent

This chart of World Cup ticket prices from UniCredit 👀

So you don't want to buy SpaceX, fine. But @tobyn.bsky.social has done the number crunching. You're going to have pay up one way or another. www.ft.com/content/d406...

INVESTIGATION: 🚨 A Polymarket exec used a personal PayPal account to pay major political influencers like Riley Gaines and Brian Krassenstein, who then hyped how "accurate" Polymarket is at predicting outcomes. We uncovered $350,000+ flowing to influencers this way www.politico.com/news/2026/06...

In his first interview since being kicked out of the US, FIFA referee Omar Artan tells’s the NYT’s Matt Bigg that the biggest dream of his professional life has been shattered. The World Cup ref was questioned for 11 hours, held in a cell and then dumped on a plane. www.nytimes.com/2026/06/09/w...

Boots in talks over $10bn sale as owners look to ditch IPO plan www.ft.com/content/46dc...

Or...just ban them?

Sums up everything about this tournament www.ft.com/content/ac26...

SAM BANKMAN-FRIED APPLIES FORMALLY FOR TRUMP PARDON

Why, yes PE can work in football, if you ignore the 20 years of evidence from Utd and how City got to where it was by 2018. www.ft.com/content/3e27...

A depressing read but in reality, European football a purer form of free-market capitalism than US firms could find at home. The pathway to PE was laid by Berlusconi, Agnelli, Cragnotti, Perez et al in the 80s/90s/00s. US firms just booted at an open door. www.ft.com/content/cdcd...

worst vibes of any world cup i can remember, and the last two were in qatar and russia

"I hate my neighbours and I'll just say yes to the next damn design I see"? www.ft.com/content/40bd...

I've heard this exam was "evil" and similar, and that was coming from smart kids. www.bbc.co.uk/news/article...

BITCOIN BREAKS BELOW $60,000 🔻