Why has China’s middle class developed a taste for healthy Western food? Listen to our latest “Drum Tower” podcast to find out economist.com/podcasts/2026/…
If you're still here, much respect.
The most important thing is not giving up on Bitcoin and crypto right now.
Honestly, if you give up now, you'll miss out on all the gains.
Just keep going.
What happens when AI models can build themselves, in a process known as recursive self-improvement? The answer is quite scary. Find out more on “Babbage” economist.com/podcasts/2026/…
EXPECTED TERMS IN "FINAL DRAFT" OF US-IRAN AGREEMENT:
1. Immediate and comprehensive ceasefire on all fronts
2. All parties mutually agree to refrain from targeting infrastructure
3. Freedom of navigation in the Persian Gulf and the Strait of Hormuz is guaranteed under a "joint monitoring mechanism"
4. Sanctions will be "gradually lifted" in exchange for Iran's compliance with the terms of the deal
5. Negotiations on outstanding issues will begin within a maximum of 7 days
6. Iran's President Pezeshkian is leading efforts to restrain the IRGC from overstepping on political and diplomatic policy-making
The agreement is expected to be announced within the next "few hours."
Turn on our post notifications @KobeissiLetter, we will be bringing it to you first.
Pakistani officials are reportedly brokering the deal.
The virus should still be taken seriously. But, thankfully, samples from the ship outbreak don’t show any adaptations that could make it better at transmitting between humans economist.com/science-and-te…
Korea's NHN KCP runs a 2-second stablecoin payment pilot on Avalanche
NHN KCP confirmed today that it is running a commercial-feasibility pilot for stablecoin-based payments linked to its Payco easy-payment service. The test covers online gift certificate purchases inside the Payco app and offline payments at the cafe and cafeteria in the company's Seoul headquarters, with about 700 employees participating.
The system runs on a payments-focused mainnet built in cooperation with Avalanche (@avax). NHN KCP says it logged a 2-second processing time from QR scan to approval, and built what it calls the industry's first stablecoin payment admin page so merchants can track blockchain settlement data in real time without crypto expertise.
NHN KCP plans to share the pilot data with financial-sector partners and large merchants to push toward commercialization. Another Korean payment major is moving stablecoins from product to infrastructure.
SpaceX is reportedly on track to become the first U.S. company ever to go public with a valuation north of $1 trillion.
Elon Musk’s rocket giant pulled in $18.7 billion in revenue last year as Starlink and launch operations continue exploding in scale.
But there’s a catch: despite the massive growth, SpaceX lost nearly $5 billion in 2025 as spending on AI and infrastructure surged.
The company is still privately owned, but new financial disclosures are giving the clearest look yet at the economics behind Musk’s space empire.
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