l0grisk intelligence · english

$ ls /en/analysis | page 10

English analysis

Page 10 of 12. English editions of sourced l0g investigations, newest first.Back to the latest →

7 min readfinanceSemi-liquid private-credit funds and gating: the HLEND (BlackRock) case and the lessons for retail investors in 2026Record redemptions exposed semi-liquid private-credit funds. Learn how tender offers and gates work through HLEND, Blackstone and Apollo cases.11 min readbanksQ2 bank earnings: reading the risk behind the profitRead US bank results through net interest margins, provisions, private-credit exposure, commercial real estate and capital, not headline profit.10 min readecbSintra 2026: ECB hike, Warsh panel, tokenisation sessionA sourced account of the ECB's first hike since 2023, Kevin Warsh's first international panel as Fed chair and Korea's Project Hangang.31 min readcryptoEthereum and TradFi: the real-world test of programmable financeHow Ethereum links stablecoins, tokenised funds and programmable settlement to traditional finance, and where scaling, governance and legal risks remain.16 min readcryptoCrypto and AI: anatomy of a convergence, between real plumbing and narrative casinoAI agents can pay in stablecoins, rent compute and use cryptographic proofs. Separate working infrastructure from speculation and regulatory risk.12 min readprivate creditPrivate credit: redemptions accelerate as mega-IPOs soak up capitalLarge private-credit funds faced $12bn of redemption requests in Q2 2026 as fundraising fell. Trace gates, insurer and bank links, and mega-IPO pressure.8 min readcryptoStrategy: Saylor's bitcoin betStrategy holds 847,363 bitcoin bought for about $64bn. Examine its share issuance, preferred-stock funding, mNAV premium and fixed cash obligations.10 min readcryptoHyperliquid: the on-chain exchange that buys back its own token and knocks on TradFi's doorHyperliquid runs an on-chain order book with about $173bn in monthly volume and uses most fees for buybacks. Examine HIP markets, ETF links and risks.Updated 16 min readregulationThe CLARITY Act: the bill set to redraw crypto regulation in the United StatesThe 309-page CLARITY Act would divide US crypto oversight between the SEC and CFTC. Learn how digital commodities and mature blockchains are defined.14 min readprivate creditPrivate credit, June 2026: a record default, and liquidity closing offFitch's US private-credit default rate held at a record 6% in May 2026 while semi-liquid funds capped redemptions for a second quarter.Updated 6 min readAIWhen $110 billion of collateral isn't enough to borrow $6 billionJune talks for a $6bn loan backed by SoftBank's OpenAI stake stalled. A later $10bn facility is documented, but may not be the same transaction.9 min readchinaChinese real estate: anatomy of a risk that settles inFalling sales, prices and land revenue spread China's property risk through developers, local governments and household wealth without a sudden crash.12 min readreal estateCommercial real estate: the 2026 refinancing wall, and the regional linkNearly $1tn of commercial property debt matures in 2026 at higher rates and lower values. Offices and regional banks form the main transmission channel.9 min readuraniumUranium: a market in deficit, the promise of AI, and hidden bottlenecksUranium traded above $100 a pound as reactor and AI power demand rose. The thesis still faces concentrated mining, Russian enrichment and project delays.9 min readmacroGilts: the market the Bank of England wants to deleverage before the next accidentThe Bank of England is considering limits on hedge-fund leverage in gilt repo. See how haircuts, short funding and sovereign issuance affect liquidity.9 min readbondsNo, rising French rates do not signal France leaving the euro zoneA wider OAT-Bund spread reflects fiscal risk, not euro-exit pricing. See which signals a real Frexit premium would produce and why they are absent.8 min readcryptoRealT in liquidation: the token that did not own the houseRealT raised $2.72m for 39 Detroit homes while the deeds remained with the seller. The case exposes the legal bridge behind real-estate tokens.Updated 9 min readcryptoCLARITY Act: Trump, the first obstacle to his own crypto lawThe CLARITY Act, the top priority of the US crypto industry, runs into a paradoxical obstacle: the president's personal interests. The anti-conflict-of-interest provision Democrats demand targets Donald Trump and his family first, whose crypto ventures have generated billions. Without it, no 60 votes in the Senate; with it, the White House threatens to block.6 min readmacroUS import prices: +1.9% in a month, but read the fine printUS import prices jump 1.9% in May 2026, +6.7% year on year. The figures are accurate. But behind the headline, fuel does all the work, and the idea that these indices could replace the CPI does not hold. A read of the BLS data.5 min readyenDollar-yen: the risk is not only the level, it is the unwindUSD/JPY above 161, a more restrictive BoJ, the threat of Japanese intervention: the main risk is less an FX line than a carry-trade and liquidity shock.