Capital Markets

American Banker Fintech reported on Federal Reserve official Warsh doubling down on his forward guidance stance, noting that markets showed little reaction to the comments.

Stack and Story published the largest volume of coverage, focused entirely on cryptocurrency ETF flows. Its posts described a bitcoin ETF inflow streak that the newsletter said was masking fading demand, and noted that BlackRock cut its bitcoin ETF swap floor to $1M. Additional posts tracked bitcoin ETFs cutting 2026 losses in half, then clawing back only 47% of losses, and later snapping back while remaining underwater overall. The newsletter also covered a 5-day inflow streak for Solana ETFs, and argued separately that ETF inflows are mostly attributable to price movement rather than new cash.

Linas's Newsletter covered a range of fintech and AI topics. It reported on Revolut building a EURR stablecoin aimed at Europe's euro on-ramp market, on Anthropic's $30T IPO pitch being described as 650x the business it currently runs, and on Stripe owning the $140B startup Legal OS. Separately, it covered Revolut Research as a signal that fintech's moat lies in proprietary data rather than AI labs, and noted Nvidia becoming a buyer of its own chips. Another post addressed Klarna's Q2 2026 results, characterizing reported 42% growth as effectively 20%, citing a hidden $2B Google win, and noting that KLAR stock fell 23% despite these figures. The newsletter also touched on demand for paying for advanced AI capabilities.

Tokenized stocks drew attention from two other newsletters. Payments Wrap Up covered Coinbase and Chainlink bringing tokenized stocks to DeFi users, while Bankless covered the same theme under the framing of Coinbase entering the "tokenized stock wars."