The Industry site for the trading world
Sydney, New South Wales
Joined June 2016
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The SEC's Treasury repo clearing exemption isn't an exit. It's a countdown.
Non-US repo stays out under a shrinking cap:
25% from June 2027
20%, 15%, then 10% after June 2030
Or under $5B rolling average
Repo clearing still starts 30 June 2027.
theindustryspread.com/sec-tr…
Celestia's core-contributor vesting ended 30 October. The unlock isn't over.
Contributors, 17.64% of genesis: done
Seed + Series A/B: done since Oct 2025
Research & ecosystem, 26.79%: vests to Oct 2027
The overhang changes hands. It doesn't disappear.
theindustryspread.com/celest…
Arabica is 9.7% off its 318.20 high. The first-notice case points back up.
Dec Coffee C 287.20 c/lb, -6.6% in five sessions
Certified stocks 222,035 bags, near the 217,646 low
First notice 19 November
Base case 310 cents by 18 Nov. Bear 269.75.
theindustryspread.com/arabic…
Kipp recovers declined card sales. Its buyer isn't a processor.
A group led by consumer-data firm LTVCo bought it.
Claimed save rates: 20% to 50%
Founders stay: Lavi CEO, Levy CTO
Data owners are buying the checkout's sidecar.
theindustryspread.com/kipp-a…
The FCA's FS26/3 holds the line on high-risk retail access. It can't close the gap.
Wealth thresholds unchanged since 2001
Para 2.10: the harm needs legislation
19,766 promotions pulled or fixed in 2024
The FCA can flag it. Parliament has to fix it.
theindustryspread.com/fs26-3…
The solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp unlock headline says 59.26M tokens. The contract says 44.59M.
Insider vest: ~$13.0M at $0.2905
Unlocked so far: 44.29% of the cap
24h volume: $4.73M
theindustryspread.com/collec…
The Jakarta Composite closed up 0.31%. The BI-Rate hold case still needs 157 points.
Close: 5,282.31
Base 5,439.26, bull 5,863.78, bear 5,185.10
View ends below 4,996.61
theindustryspread.com/jakart…
Zafin is paying a nine-figure sum for Naehas. Part of it is borrowed.
Equity plus cash, cash partly on a credit line
First major deal since Nordic Capital's 2024 stake
Close targeted for Q4 2026
Approvals past year-end keep both firms apart.
theindustryspread.com/zafin-…
The Industry Spread retweeted
Google Cloud grew 103% to $30.7B and its margin went up. $GOOG still missed.
The miss isn't Cloud. It's cash.
EPS $2.12 vs $3.01 expected
Capex $51.4B in one quarter
Free cash flow -$9.1B
The AI build is now outrunning the cash that pays for it.
financefeeds.com/google-stoc…
Harlem Children's Zone bought fintech Goalsetter. Goalsetter holds no accounts.
It closed them all in February. HCZ bought a curriculum.
39 states require a finance course
36% of users opened a bank account
The deposit lands elsewhere.
theindustryspread.com/harlem…
Utah sued Kalshi. The CFTC sued Utah.
The fight is over who owns the word "swap".
7 USC 1a(47)(A)
30 contract markets
Nine more states sued
A pending rule would call event contracts swaps.
theindustryspread.com/cftc-s…
Datavault AI sold $150M of stock for bitcoin. It can't withdraw the bitcoin.
1,309.04 BTC credited off-chain
491.431 sold back for $40.5M
$DVLT -49.55% to $0.067
The asset is now a receivable.
theindustryspread.com/datava…
Turkey cut rates 100bp. The BIST 100 fell 5.48% in five sessions.
The real rate is still 6.27 points.
Repo 36% vs CPI 29.73%
Close 11,151.03
Base case 11,577.12 by Nov 12
The Inflation Report decides it, not the cut.
theindustryspread.com/bist-1…
The FCA's CP26/38 rewrites the Financial Crime Guide. Para 1.5: no new requirement.
Departing from it isn't, of itself, a breach.
Closes 24 Dec
Fraud cases +26%, losses +40%
Crypto authorisation from Oct 2027
It sets the bar without being the rule.
theindustryspread.com/fca-cp…
Aviva tokenised a class of its £22bn Sterling Liquidity Fund. The tokenised money is £50m.
The headline is the fund, not the token.
Aviva's stake: £50m
Both tokenised classes: >£86m
130+ validators
The assets stay at BNY Mellon.
theindustryspread.com/aviva-…
Mercury Payroll is free until 1 January 2027.
Switchers can't run payroll on it before then anyway.
Then $100/month for the platform
Plus $50 per person paid
W-2, 1099, benefits, 401(k), 50 states
The free period ends the day migration starts.
theindustryspread.com/mercur…
OMXS30 bounced 1.57% to 3,225.43 on Monday. October's lowest close sits 62.65 points below.
The Riksbank hasn't moved.
Policy rate: 1.75%
Q4 average path: 1.85%
October range: 3,148.54 to 3,306.18
The rate path still leans higher.
theindustryspread.com/omxs30…
The OCC's final stablecoin rule deleted the escape hatch from its draft.
The automatic 7-day redemption extension is gone.
Redeem within 2 business days
24h notice if requests top 10% of issuance
$5M de novo capital floor
Effective Jan 18, 2027.
theindustryspread.com/occ-pa…
ScribeUp announced a $13M Series A. Not all of it is equity.
$3M is a venture debt facility.
$10M equity + $3M debt
60+ banks, credit unions and neobanks
Tracks ~200,000 subscription billers
Rocket Money sells direct. ScribeUp sells to your bank.
theindustryspread.com/scribe…
Spout Finance raised $2M to lend USDC against tokenised stocks at "0%" on $SOL.
It isn't on mainnet, and its own pages disagree on where it is.
Oct 15 release: Devnet beta
Aug 24 page: live on Testnet
Beta site: blocked
Two clusters, one claim.
theindustryspread.com/spout-…
