This is a segment from The Breakdown newsletter. To read full editions, subscribe. Fiat money was invented in colonial America, and to convince people it had value, the colonies that issued it periodically lit their tax revenue on fire. Paper money dates to 11th-century China, but historian Dror Goldberg argues that fiat — money valued
Jurrien Timmer, director of global macro at financial giant Fidelity, has opined that Bitcoin-sensitive equities and gold miners are both competing to be the best performer of the year. Both groups of stocks have secured extremely impressive gains that surpass 150%, meaning that they are very distinct risk assets. Meanwhile, physical gold and meme stocks
At 5pm today in Virginia, Strategy (formerly MicroStrategy) founder Michael Saylor will present his company’s earnings as of the third quarter (Q3) 2025 and beyond any unexpected surprises, investors are looking for answers to several questions. First, they would appreciate an update on the company’s re-application for its common stock (MSTR) to join the S&P
Artificial intelligence (AI) giant OpenAI is targeting an initial public offering (IPO) which could value the company at as much as $1 trillion, Reuters reported on Wednesday. The IPO could come as early as the second half of 2026, according to the report, citing three people familiar with the matter. OpenAI’s chief financial officer Sarah
Jamie Dimon, CEO of JPMorgan Chase, one of the world’s largest banks, has backtracked on his years-long anti-Bitcoin and cryptocurrency stance. The manager of the $4.6 trillion bank said in a live broadcast, “I was wrong, crypto is real.” Dimon has previously described Bitcoin as a “gemstone” and argued that cryptocurrencies are tools for scammers
The crypto industry’s onchain economy has entered a new phase, one driven by fees, users and real demand rather than just price speculation, according to a sweeping new study from venture firm 1kx. The firm’s Onchain Revenue Report (H1 2025) aggregated verified onchain data across more than 1,200 protocols, tracking how value actually moves through
In a bold move signaling a strong commitment to the future of digital finance, Nasdaq-listed SEGG Media (SEGG) has announced a substantial Web3 investment program. This ambitious initiative, valued at $300 million, is set to significantly impact the cryptocurrency and tokenization landscape. For those following the evolution of blockchain technology, this strategic allocation marks a
Key Takeaways Core Scientific shareholders voted against the merger with CoreWeave. Proxy advisors advised voting down the deal due to undervaluation concerns. Core Scientific shareholders today rejected the proposed merger with CoreWeave, an AI-focused cloud computing provider, blocking the takeover deal between the Bitcoin mining and data center operator and the high-performance computing infrastructure company.
A string of stablecoin projects has begun to shake up Japan’s digital money ecosystem. It quietly opened the door to yen-pegged stablecoins this month. But these won’t replace cash at the local supermarket. Instead, they are being built in the quieter corners of the finance world. Japan’s payments market is flush with cashless options, which