THE NEXURAL RESEARCH DESK
Research
Visual investigations into markets, technology and financial plumbing. Primary evidence, clear methods and the next question to test.
The latest dated article
in this reading list.
Follow the stablecoin dollar past distribution.
Circle’s revenue headline is the beginning of the economics. The next stop is distribution, transaction and other costs. Profit comes later.
Follow your curiosity.
4 articles in this view · showing 4
- 2 min readCrypto Plumbing↗
Follow the stablecoin dollar past distribution.
Circle’s revenue headline is the beginning of the economics. The next stop is distribution, transaction and other costs. Profit comes later.
- 2 min readBuried in the Filing↗
The H20 bill had two addresses.
A historical case study in how a product shock reaches both inventory and commitments to buy more. The split explains what a single charge can hide.
- 2 min readFollow the Money↗
Microsoft’s capex has three clocks.
Cash paid, equipment still payable and new finance leases describe different moments in the same buildout. Read each on its own clock before drawing a conclusion.
- 2 min readFollow the Money↗
The spread stood still. The yields did not.
Compare the short and long ends separately. These are Treasury observations for 2026-10-22 and 2026-10-23, not a live intraday feed.