LONG READ: The untold story of how crypto’s hottest derivative came to be
Born in the back of a Shanghai taxi in 2015, BitMEX’s perpetual future became crypto’s defining derivative. Now it may hold lessons for rescuing the global dollar system.
Tether faces its Euroclear moment
The world’s largest stablecoin is suspected of helping U.S. authorities seize millions of dollars worth of crypto profits from the Venezuelan government. The reputational hit could prove costly.
Blind Spot Discord debates: The case of Greenland’s independence
Does Denmark have the right to block Greenland’s independence if islanders votes to break free? And should armchair experts or self-appointed researchers have any influence over the debate?
Poland’s visa affair points to a larger administrative failure in Europe’s migration crisis
Third-party facilitators like VFS Global may be reshaping visa systems faster than policymakers can identify emerging vulnerabilities.
The Blind Spot’s editorial conference 23/12/25
Topics covered today: Hunter Biden, farming, fusion, mega-prisons, new liquidity management systems, and letters of marque for journalism.
The Blind Spot’s daily Discord linkfests
All the news the TBS Discord community has flagged as notable over the past 24 hours.
Stablecoins, scarce reserves, and the end of intraday liquidity complacency
A new BIS Working Paper is pitching “auction-based liquidity saving mechanisms” as the solution to upcoming intraday liquidity stresses.
The Blind Spot’s daily Discord linkfest
The first edition of our new automated Blind Spot aggregation post.
The Blind Spot’s editorial conference 22/12/25
After an initial tech snafu, our experimental morning editorial conf finally got underway. Topics covered today: Privateers, shadow finance, property rights, and casinos.
The Blind Spot in 2026
Some thoughts on what lies ahead, plus some reflections on the past three years.