The Industry site for the trading world
Sydney, New South Wales
Joined June 2016
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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-…
December soybean meal sits at $346.10 while the USDA's own season-average says $340.
The futures carry a premium the official number doesn't.
Base $340 by the Nov 10 WASDE
Bull $360, bear $320
Invalidation: close above $368.80
The anchor hasn't moved.
theindustryspread.com/soybea…
BOB AI Holdings raised $5.5M to build an AI finance employee for small business.
Then it said it will give the agent away free.
Seed: $5.5M, announced 23 October
Private beta: September 2026
Base: Miami
The seed buys onboarding, not revenue.
theindustryspread.com/bob-ai…
The Industry Spread retweeted
Paris rapeseed has two prices for the same seed on the same afternoon.
The gap isn't a shortage signal.
Nov 2026: €511.75/t, 677 lots
Feb 2027: €549.50/t, 9,214 lots
Ukraine: 44.7% of EU imports since July
The €37.75 is carry, not panic.
thetradersspread.com/commodi…
The Industry Spread retweeted
Easy read: $SPCX rose Friday because it is becoming a fourth US carrier.
The 80,000-site figure isn't in the call.
Close $147.49, +1.89%
Thursday -9.14%, Wednesday +7.79%
To 6 Nov: bull $178.37, bear $122.60
Friday won back 18.8% of one bad day.
financefeeds.com/spacex-stoc…
Papertrade runs 1,000x leverage on Bitcoin and Ethereum, but won't let its own PAPER token trade.
Its founders say why: a PAPER perp is "a leveraged bet on bankroll solvency."
Fee: 2%, half to stakers
Reward cap: $5M, paid in USDC
Supply at launch: zero
theindustryspread.com/papert…
US rough rice futures sit above $16.00/cwt, the highest since July 2024.
The farm price hasn't followed.
Season-average farm price $15.20/cwt
Mid-South cash $14.75-$15.00
Crop 157.7M cwt vs 206.7M, stocks -31.5%
The smaller crop moved stocks, not use.
theindustryspread.com/rough-…
The FCA and PRA call CP26/37 the biggest senior-managers reform since 2016.
The PRA's slice of the saving is small.
Joint: ~£2B over 10 years
PRA cost £24.8M to £11.5M a year
Pre-approvals -43% vs a 40% pledge
Responses due 22 January 2027.
theindustryspread.com/cp26-3…
The HKMA just retired its 2019 AI principles.
The new rule isn't about models. It's about who owns each one.
Circular B1/15C: 9 expectations
Accountability, resilience, trust
60%+ of sandbox cases now AI agents
The FSB's 12 practices stay non-binding.
theindustryspread.com/why-hk…
Hedera mainnet is on v0.78.1. Its AI agent service stayed behind.
The MCP server is still testnet-only.
40+ tools for Claude, Cursor, ChatGPT
~180-second wallet approval window
Contract calls aren't wallet-verifiable
Partner validation: Q4 2026.
theindustryspread.com/hedera…
EUR/DKK fixed at 7.4748 again. Two ECB meetings won't move it.
The peg isn't the story. The policy spread is.
0.193% above the 7.46038 ERM II central rate
Danmarks Nationalbank 2.10% vs ECB 2.50%
Band: +/-2.25%
Base case for 29 Oct and 17 Dec: 7.4748.
theindustryspread.com/eur-dk…
Fintel paid £38.4M for the rest of Mortgage Brain. It bought 5.8% in 2024 for £1.5M.
The pitch says 98% of the market. That's a lender panel, not usage.
~40% of UK applications via its users
£28.9M cash now, £9.5M deferred 18 months
Accretive in FY2027
theindustryspread.com/fintel…
LSEG floated ~$3.5B for Octus on 13 October. Nine days later it signed at $3.535B.
The price barely moved. The certainty did.
Under 11.8x expected 2026 revenue
~40% EBITDA margin, 900+ staff
Close expected H1 2027
LSEG's biggest deal since Refinitiv.
theindustryspread.com/octus-…
SGD/JPY base case: 122.45 by the 30 October BOJ outlook.
The yen moved. The Singapore dollar barely did.
MAS-implied cross 123.61 to 122.83 in October
USD/SGD 1.2792 to 1.2775
Invalidation 123.89
Half the October gap, taken off the latest fix.
theindustryspread.com/sgd-jp…
The FCA's DeFi guidance doesn't write a DeFi rulebook. Paragraph 1.11 says so.
GC26/7 adds no new requirements.
DEX share: 14-19% of crypto spot volume
Comments close 18 Nov 2026
Final text: Jan 2027 or Q1 2027
Even the date isn't settled.
theindustryspread.com/gc26-7…
A $5M raise for a Bitcoin income layer, and the two accounts disagree on who invested.
The Block and the release name different backers beside Portal.
$30M post-money: CEO's figure, not the release's
Fund from Simplify (~$13.5B)
Launch Q4 2026
theindustryspread.com/honeyb…
Most prop firms sell a challenge. 18th Street Trading's founder says his sells a ladder.
Jay R. Pocius scrapped his first model: no resets, no paid phase skips.
4 phases, 9% target each
Paid after every phase
Ends on $3K-$18K of live exchange capital
theindustryspread.com/jay-po…
The OCC says all nine of the largest national banks kept debanking policies through Sept 2025. It names no violation and no fine.
Nearly 100,000 complaints
About 420,000 pages
Harm: not quantified
Bank of America's $750M penalty is a separate BSA case.
theindustryspread.com/occ-fi…
