Finance

Anthropic Paid $9.1 Billion for Electricity, Not Computers

A 20-year, US$9.1 billion lease for 191 megawatts at a Texas bitcoin mining campus. The transaction prices what is actually scarce - and quietly removes a chunk of the Texas grid's emergency brake.

13 Aug 2026 · 8 min read

Finance

The Card Networks Just Agreed to Run Nodes on a Blockchain

Visa, Mastercard, DTCC, ICE and BlackRock are among eleven founding validators on Circle's Arc. Fees are paid in USDC, which makes the settlement asset a prerequisite for using the network.

11 Aug 2026 · 6 min read

Finance

MAS Was Asked When AI-Agent Rules Become Mandatory. It Confirmed the Scope, Not the Date

A written reply on 5 August confirmed that agentic AI sits inside guidelines MAS has not yet issued. It gave no timeline, and described the industry framework as a potential approach.

7 Aug 2026 · 10 min read

Finance

Indonesia's Crypto Market Now Answers to the Regulator That Supervises Banks

On 1 July the governance and reporting duties of a financial-sector business took effect for Indonesian crypto platforms, on a market of nearly 20 million holders.

5 Aug 2026 · 9 min read

Finance

MAS Tightened Again and Most Economists Missed It. What "Steepening the Slope" Actually Means

Singapore does not set an interest rate. It steers a currency band, and on 27 July it steered harder — against the expectations of 12 of the 16 economists polled by Reuters.

2 Aug 2026 · 8 min read

Finance

Four Companies Spent $166 Billion on Capital Projects in One Quarter. The Market Rewarded Two of Them

Alphabet, Amazon, Microsoft and Meta reported within nine days. Combined capital spending nearly doubled year on year, and the two that fell were the two whose cash flow visibly broke.

1 Aug 2026 · 6 min read

Finance

Bank Indonesia Held at 5.75% — the Corridor and the Credit Number Say More Than the Decision

The hold was the least informative line in the release. The rate corridor is asymmetric, credit is running 0.67 points above Bank Indonesia's own band, and Rp431.9tn of liquidity incentive is still pushing the other way.

26 Jul 2026 · 6 min read

Finance

P/E, PEG and DCF: Three Ways to Tell If a Stock Is Actually Cheap

A low share price is not a cheap stock. Here is what the P/E ratio, the PEG ratio, discounted cash flow and the dividend discount model each measure, how they fit together, and the different way every one of them goes blind.

25 Jul 2026 · 16 min read

Finance

Option Greeks, Explained: Delta, Gamma, Theta and Vega Without the Jargon

An option's price moves for four reasons, and the Greeks are the dials that tell you how much it responds to each. A plain-English walk through delta, gamma, theta and vega — with the exact formulas our calculators use, the sign and range conventions, and the limits of the closed-form model. General education, not advice.

24 Jul 2026 · 14 min read

Finance

Coast FIRE: The Retirement Number Nobody Coined (2026)

The coast number is compound interest run backwards, and nobody can say who named it. The worked math, the nominal-vs-real trap, and what CPF and EPF floors do to it.

23 Jul 2026 · 16 min read