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The Franco-German Spread Is Signaling a Central Bank Pivot. Bitcoin Is Watching.
KEY TAKEAWAYS On October 1, 2026, the yield on French 10-year government bonds (OATs) touched 4.919%, while German 10-year Bund yields stood at 3.508%. The spread between the two is 141 basis points. This represents the widest divergence since 2012, when the eurozone was genuinely fragmenting under the weight of sovereign debt fears, bank stress, […]
Germany’s Crypto Tax Regime Is About to Flip. Here’s Why It Matters.
KEY TAKEAWAYS On September 10, 2026, Germany’s Federal Ministry of Finance circulated a draft bill (Gesetzentwurf) that fundamentally restructures the tax treatment of cryptocurrency gains. The proposal, which still requires approval from both the Bundestag and Bundesrat, would end a 15-year tax advantage that has made Germany one of Europe’s most crypto-friendly jurisdictions: the ability […]
The CLARITY Act Is Dead. Now What?
KEY TAKEAWAYS What exactly failed Monday Before unpacking the politics, a technical clarification that most coverage will blur: what the Senate voted on on Monday was not the CLARITY Act itself but cloture on the motion to proceed – a procedural vote to allow formal debate on the bill. A yes vote would not have […]

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