Independent coverage of money
How money moves, and how to move with it.
We cover the markets, the money, and how AI is changing both, without the usual script.
Markets · Lead story
Bitcoin volume hit a three-year low. Read the leverage under it.
Perpetual futures volume fell to a three-year low while open interest held high. More leverage per dollar traded, and July's tame CPI left the spring coiled.
The Editors · 5 min read · Aug 12, 2026
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S&P 500 earnings grew 50.4% last quarter. Two stocks did a third.
The blended number is the best since 2021. Strip out Alphabet and Amazon and it drops to 32%. Read which figure describes the market you actually own.
The Editors · 6 min read
Tokenized stocks traded $18.2B in July. Read what you own.
Tokenized stock volume hit $18.2B in July on a market holding about $2.2B. The token is a redemption claim on an issuer, not the share. Read who holds what.
The Editors · 7 min read
Anthropic passed OpenAI in revenue. Read how it's counted.
Anthropic reports a $47B run-rate to OpenAI's $24B. It books gross cloud-reseller spend where OpenAI counts net. October's IPO forces the audited number.
The Editors · 6 min read
Money
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X ended creator revenue sharing. Read who the new rules pay.
X closes Creator Revenue Sharing on September 7 and will pay only for original posts that verified Premium users see. The eligible audience just shrank.
The Editors · 7 min read
Fiverr lost a fifth of its buyers to AI. The survivors pay more.
Fiverr's Q2 marketplace revenue fell 15.5% as active buyers dropped 21.9%. The buyers who stayed spent 15.6% more. Read what AI actually deleted.
The Editors · 6 min read
beehiiv pays $1M a month to 60,000 newsletters. Do the division.
beehiiv launched programmatic ads on July 16. The network pays about $17 per publisher a month, and ad access starts at $43. Subscriptions still pay more.
The Editors · 7 min read
AI money
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Vibe coding is sold as a $10K/month shortcut. Read the survival rate.
A few solo founders clear six figures with AI-built apps. In 2026 the gap to everyone else hit 400x, and the code shipped with the security holes.
The Editors · 6 min read
Faceless AI YouTube is sold as passive income. Read the money rules.
The 2026 pitch says generate videos at scale and collect ad money on autopilot. YouTube's own payout rules pay for the human work the pitch removes.
The Editors · 6 min read
OpenAI cut Luna's price 80%. Read what it left untouched.
OpenAI cut its cheapest GPT-5.6 model 80% and its top coder 0%. The asymmetry is a map of where it still has pricing power, and where it lost it.
The Editors · 6 min read