Connecting the threads across daily briefings into long-form analysis. Each piece consolidates intelligence from multiple sources and briefings into a single deep dive.
The week the agentic economy proved it could create $50 billion companies and destroy 6.3 million orders in the same breath. Cursor seeks $50B while Amazon launches a 90-day safety reset. The Strait of Hormuz goes dark as oil crosses $100. Platform wars draw legal lines: a federal judge blocks agentic commerce, Google closes its $32B Wiz deal, and London overtakes NYC as the world’s top fintech hub.
The week the AI industry split in two — and the market picked ethics over power. Three convergences define the moment: ethics becoming a competitive moat, cloud infrastructure becoming a military target, and AI agents meeting stablecoin rails. The Pentagon fires Anthropic while revenue doubles. Iran strikes AWS data centres. Stablecoins hit Visa and Mastercard simultaneously.
Circle CEO Jeremy Allaire is betting that billions of autonomous AI agents will need programmable digital dollars. With $75B USDC in circulation, Nanopayments enabling $0.000001 transactions, and the x402 protocol processing 35M+ transactions, the infrastructure is largely built. But who captures the value? A balanced analysis of the thesis, the competition, and the regulatory barriers.
Read Research Brief →In seven days, the US government blacklisted its most safety-conscious AI company and hired its biggest rival to do classified weapons work. A Middle Eastern war killed a supreme leader and shut the world's most important oil chokepoint. The largest private funding round in history closed at $840 billion. And the cracks in private credit finally broke through to the surface.
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