Crypto is Macro Now

Crypto is Macro Now

Russia’s evolving crypto narrative

Plus: geopolitical markets, euro inflation, the coming crunch and more

Noelle Acheson's avatar
Noelle Acheson
Mar 31, 2026
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“Too much of what is called ‘education’ is little more than an expensive isolation from reality.” – Thomas Sowell ||

Hi everyone! The end of Q1 already… Time perception is weird – the weeks have absolutely flown by, but the beginning of the year feels like a very long time ago.

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Production note: Easter is a big deal where I live, and so I’ll be taking a much-needed short break from Thursday-Saturday – back on Monday!


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IN THIS NEWSLETTER

  • Russia’s evolving crypto narrative

  • Markets: geopolitical swings

  • Macro: euro inflation and the coming crunch

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Russia’s crypto narrative

I’ve written before about Russia’s CBDC acceleration and its use of stablecoins for busting sanctions, but not much about its evolving stance on domestic crypto asset adoption. There is movement on that front, relevant given the outsized interest from institutional and retail investors, as well as the growing role onchain assets are likely to have in the Russian economy as the global payments landscape continues to shift.

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