Strategy

On November 11, MSCI will publish a final list of companies potentially affected by its new non-operating-company screen. Passive money supplies the consequence: funds tracking affected benchmarks must adjust their holdings when constituents leave. Publication itself does not force every named stock out. MSCI’s October 15 announcement, released at 08:48 PM GMT, adopts the August 3 proposal with minor modifications. Implementation comes with the November review, effective at the close of November 30, 2026. ...

The rulebook just got voted down 49-50, Bitcoin knifed to $74,910, and $771 million of leveraged positions were washed out in a single session. If you were waiting for a discount, this is what one looks like when it lands on your screen. The market did the selling for you. The only question left is whether you sit out the cheapest 24 hours of the month. Here is exactly what broke, what did not, and what a US account does before 2:00 p.m. ET tonight. ...

You watched August hand out a 25% rally from $62,700 and told yourself the pullback would come. It did — and it got bought within hours. Now Washington holds the match: a 60-vote Senate cliff on Sept 15 that settles US crypto for a generation. Seven days left. Are you inside the trade or still watching it from the couch? The 60-Vote Cliff: Why Sept 15 Isn’t a Normal Vote Markets keep framing the CLARITY Act as “likely but uncertain.” That framing is stale. On Tuesday, Sept 15, Majority Leader John Thune brings the bill to the floor for a cloture vote — a motion to proceed that needs 60 votes. He filed it before the August recess precisely to lock this date in. That single procedural gavel is the most important vote in the history of American crypto regulation, and here is the math nobody on TV is doing out loud. ...

Bitcoin opened Labor Day defending the line that makes or breaks rallies: $80,000. It held. Four days to CPI, eight to the biggest crypto vote in US history — and $3.8 billion of institutional money is already betting you’ll be late. The countdown started Friday. Are you inside it or watching it? The Line That Separates Rallies From Obituaries Bitcoin enters the US trading week holding roughly $80,100–$80,200, pinned to the $80,000 round number and the 50-week moving average near $80,300. Last Thursday it tagged $82,281 — the strongest print since mid-May — before the weekend skimmed some of it back. That is not weakness; that is a market catching its breath on a US holiday with the tape running thin. ...

Bitcoin crossed $80,000 on August 24 for the first time since late 2025, capping a week that will go down in the history books: a 23% weekly gain — the largest weekly dollar gain in the asset’s history — powered not by retail FOMO but by the machinery of US fiscal and monetary policy. Ethereum traded back above $2,500, roughly $1.2 billion in leveraged shorts were liquidated in 24 hours, and XRP just posted its best week in 21 months. ...

Bitcoin just did something it hasn’t done since last November: it broke decisively above its 200-day moving average — and it didn’t stop there. Over the past week, BTC surged roughly 23%, climbing to around $77,000 and posting a 100-day high alongside gold. The catalyst? The US Treasury stepped into the bond market with a playbook officials are insisting is “not QE” but that markets have already started pricing as a soft version of yield curve control. ...