Philip Stafford
@staffordphilip.bsky.social
Reporter at the Financial Times https://bsky.app/profile/financialtimes.com.
Bits of UK retail, markets, bits of market structure, bits of crypto or mix of all of them.
If you've been spammed in your DM with a crypto scam, it's not me.
Bits of UK retail, markets, bits of market structure, bits of crypto or mix of all of them.
If you've been spammed in your DM with a crypto scam, it's not me.
Assuming they make $15bn. Because stashing away $115bn at even 5% p.a. doesn't get you anywhere close to it.
www.ft.com/content/086f...
www.ft.com/content/086f...
November 26, 2025 at 4:09 PM
Assuming they make $15bn. Because stashing away $115bn at even 5% p.a. doesn't get you anywhere close to it.
www.ft.com/content/086f...
www.ft.com/content/086f...
Oof.
Prepare for another wave of nonsensical AI images.
I've seen a fair few BTC market drops but this sustained sell-off is a biggie, as it lacks a standout catalyst.
Prepare for another wave of nonsensical AI images.
I've seen a fair few BTC market drops but this sustained sell-off is a biggie, as it lacks a standout catalyst.
November 21, 2025 at 9:58 AM
Oof.
Prepare for another wave of nonsensical AI images.
I've seen a fair few BTC market drops but this sustained sell-off is a biggie, as it lacks a standout catalyst.
Prepare for another wave of nonsensical AI images.
I've seen a fair few BTC market drops but this sustained sell-off is a biggie, as it lacks a standout catalyst.
Probably the key part is this
November 17, 2025 at 10:38 AM
Probably the key part is this
If moral and economic arguments against a policy aren't working, maybe someone in the govt should reflect that Tommy Robinson is endorsing you.
November 16, 2025 at 10:27 AM
If moral and economic arguments against a policy aren't working, maybe someone in the govt should reflect that Tommy Robinson is endorsing you.
Authors admit they're estimates so they could be underplaying the amount as well as overplaying it
November 9, 2025 at 11:24 AM
Authors admit they're estimates so they could be underplaying the amount as well as overplaying it
Of all the many details in this brilliant piece on the insane Saudi Neom project, I think this is my favourite.
The graphics alone make it worth a click.
ig.ft.com/saudi-neom-l...
The graphics alone make it worth a click.
ig.ft.com/saudi-neom-l...
November 6, 2025 at 8:49 AM
Of all the many details in this brilliant piece on the insane Saudi Neom project, I think this is my favourite.
The graphics alone make it worth a click.
ig.ft.com/saudi-neom-l...
The graphics alone make it worth a click.
ig.ft.com/saudi-neom-l...
I'd forgotten about this but looks like it's coming to pass
November 3, 2025 at 12:12 PM
I'd forgotten about this but looks like it's coming to pass
Nearly 12 years!
October 29, 2025 at 12:51 PM
Nearly 12 years!
There's profit warnings and then there's serious profit warnings. This is the latter. It's not everyday you see a $70bn company heading for a 40% drop.
October 29, 2025 at 12:44 PM
There's profit warnings and then there's serious profit warnings. This is the latter. It's not everyday you see a $70bn company heading for a 40% drop.
Thankfully no potential conflicts of interest here at all
October 28, 2025 at 12:33 PM
Thankfully no potential conflicts of interest here at all
Capitalism with American characteristics
October 25, 2025 at 10:36 AM
Capitalism with American characteristics
Still fascinated by this crypto treasury merger.
In the month or so since the deal was announced buyer shares down 80%, acq target off 20%, price of asset being purchased down 6%.
In the month or so since the deal was announced buyer shares down 80%, acq target off 20%, price of asset being purchased down 6%.
October 22, 2025 at 3:30 PM
Still fascinated by this crypto treasury merger.
In the month or so since the deal was announced buyer shares down 80%, acq target off 20%, price of asset being purchased down 6%.
In the month or so since the deal was announced buyer shares down 80%, acq target off 20%, price of asset being purchased down 6%.
Gold above $4,300.
October 16, 2025 at 8:15 PM
Gold above $4,300.
When that meeting turns dull and you switch to texting on your phone
October 16, 2025 at 3:24 PM
When that meeting turns dull and you switch to texting on your phone
October 16, 2025 at 7:06 AM
Sounds very much like it: the most expose company from the SVB failure was Circle
October 15, 2025 at 2:34 PM
Sounds very much like it: the most expose company from the SVB failure was Circle
Another not so stable stablecoin. Ethena briefly loses its peg in the crypto market rout in the wake of the Trump China tariffs.
October 11, 2025 at 11:04 AM
Another not so stable stablecoin. Ethena briefly loses its peg in the crypto market rout in the wake of the Trump China tariffs.
Here's their recent growth trajectory; not at presidential election level but note the growth since NFL returned. Weekly sports is the driver, not irregular political events.
October 10, 2025 at 1:03 PM
Here's their recent growth trajectory; not at presidential election level but note the growth since NFL returned. Weekly sports is the driver, not irregular political events.
June v Oct. Kalshi's valuation goes from $2bn to $5bn, a couple of days after Polymarket is valued at $8bn.
October 10, 2025 at 1:03 PM
June v Oct. Kalshi's valuation goes from $2bn to $5bn, a couple of days after Polymarket is valued at $8bn.
"Great quarter guys!"
Via HSBC
Via HSBC
October 9, 2025 at 2:45 PM
"Great quarter guys!"
Via HSBC
Via HSBC
It is with some regret over career choices that I understand this.
October 9, 2025 at 2:00 PM
It is with some regret over career choices that I understand this.
Always on, always gathering data...but not definitely not intrusive or like your weird AI girlfriend.
Let's guess which side of the divide this thing is going to fall. This is Homer Simpson's car design.
www.ft.com/content/58b0...
Let's guess which side of the divide this thing is going to fall. This is Homer Simpson's car design.
www.ft.com/content/58b0...
October 5, 2025 at 9:52 AM
Always on, always gathering data...but not definitely not intrusive or like your weird AI girlfriend.
Let's guess which side of the divide this thing is going to fall. This is Homer Simpson's car design.
www.ft.com/content/58b0...
Let's guess which side of the divide this thing is going to fall. This is Homer Simpson's car design.
www.ft.com/content/58b0...
Hester Pierce, who understands this stuff at the SEC as well as anyone, has laid it out pretty clearly.
October 3, 2025 at 8:38 AM
Hester Pierce, who understands this stuff at the SEC as well as anyone, has laid it out pretty clearly.