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Jack Dorsey's Block Seeks US Trust Bank Charter For Bitcoin, Stablecoin
Jack Dorsey's Block Seeks US Trust Bank Charter For Bitcoin, Stablecoin
Authored by Ezra Reguerra via Cointelegraph,
Jack Dorsey's payments company Block seeks to establish a federally regulated trust bank to provide custody services for Bitcoin and stablecoins.
Block said Tuesday it had submitted an application to the Office of the Comptroller of the Currency (OCC) to create Builders Bank & Trust, an uninsured national trust bank.
If approved, the bank would operate under OCC supervision and offer custody and related fiduciary services.
Block said the charter would give its custody operations a consistent...
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Feb 15, 2026 / Tyler Durden
The AI Transition: Even Dinosaurs Weren't Stupid Enough To Create Their Own Extinction Event
The AI Transition: Even Dinosaurs Weren't Stupid Enough To Create Their Own Extinction Event
By Peter Tchir of Academy Securities
A Bridge Too Far? The AI TRANSITioN?
Last weekend we discussed Molotov Cocktails, Volatility, Stability, & Faux Liquidity. In a nutshell, it was about:
The transition from one steady state to another steady state can be volatile.
A rules-based world, dependent on trade, to a ProSec-based world where each country operates more independently.
The transition from a pre-AI world to an AI world.
Faux liquidity – or our assessment that market structure is set up to...
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Sep 4, 2026 / Tyler Durden
Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter
Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter
Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand.
Lululemon expects full-year revenue of between $10.35 billion and $10.50 billion, down sharply from its previous forecast of $11 billion to $11.15 billion and well below the Bloomberg...
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Apr 8, 2026 / Kyle Anzalone
Republicans: Iran Almost Cements the Fact that We Lose the Midterms
A source close to the White House believes President Donald Trump’s decision to launch an unprovoked war against Iran will cause the GOP to lose both the House and Senate in the upcoming midterm election. “This war in Iran almost cements the fact that we lose the midterms in November — the Senate and House,” […]
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