Your daily bitcoin and macro intelligence briefing. AI-generated audio from the TFTC Bitcoin Brief newsletter, written and curated by Marty Bent.

• John Arnold's Ten31 Research piece dismantles the "stablecoins are the killer app" thesis, arguing public blockchains capture none of the long-term value of the digital dollar

• March CPI prints 3.3% YoY, hottest since May 2024, with energy up 12.5%, gasoline up 18.9%, and fuel oil up 44.2% as the Iran war shock hits consumer prices

• Carlyle's $7B CTAC fund hit with 15.7% redemption requests, 3x its 5% gate. Apollo, Ares, KKR, and Blackstone all cracking in the same week

• Goldman's BDC files redemptions at exactly 4.999%, one basis point under the gate

• Ro Khanna overtakes Pelosi as top congressional stock trader, AI trades beating the S&P by 112%

• Japan's 10Y yield hits 1997 highs, yen at 160, BOJ accelerating QT and selling ETFs

• Avihu Levy proposes Quantum Safe Bitcoin (QSB), quantum-resistant transactions without a soft fork

• Voltage customer runs 237,000 Lightning transactions, $5.7M settled, 99.94% success rate in 30 days

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