Cartels Are Going 'Broke' As US Fentanyl Supply Drops By Almost 60%: Homan

US Suffers Heavy Casualties In Iranian Strike On Saudi Base As Houthis Enter War With Missile Launches On Israel Summary Houthis enter the war: Houthis launch their first missile barrage on Israel since Operation Epic Fury. Red Sea shipping could once again be under direct threat. Serious US casualties in Saudi base assault: Iran fired six ballistic missiles and 29 drones at Saudi Arabia’s Prince Sultan air base in a Friday attack that wounded at least 15 troops: AP. Late-night strike targeted Bushehr Nuclear Power Plant (for third time of war). Gulf states under sustained fire,...

Oil Rebounds After Iranian Denial: Will Never Give Up Nuclear Program; US Official Rejects Reports Of Lifting Sanctions For Talks Summary US denies earlier Tasnim report of agreeing to lift oil sanctions during talks. Trump calls for Iran's total military surrender in Monday morning Truth Social post. Oil rebounds on Tasnim reporting Iranian denial: Tehran "under no circumstances" will negotiate nuclear issue as part of an end to the war. A flurry of (the somewhat typically-timed) Monday opener headlines have pushed oil prices lower, erasing weekend gains, including Al Arabia reporting that Iran is...

Bitcoin Perps' Algorithmic '0.01%' Scythe: How The Funding-Rate Mechanism Explains Your "Mystery" Liquidations Authored by danny (@agintender) via WuBlockchain's Aki Chen, Why is derivatives trading the exchange’s money printer? Why do some venues dare to take the other side of their customers’ trades? By unpacking the funding-rate mechanics of Bitcoin perpetual futures (perps) and the surrounding market dynamics, we show how traders are led—step by step—into a fatal trap meticulously engineered by the exchange. The so-called “0.01% equilibrium” in perps - akin, in spirit, to the 0.618 Fibonacci motif - operates as a...