Galaxy Brains The Great Convergence of Crypto & TradFi w/ Alex Thorn
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Mar 12, 2026 Beimnet Abebe, a trader at Galaxy Trading who focuses on macro and commodities, joins to discuss oil market shocks, shipping disruptions through the Strait of Hormuz, and inflationary and credit risks. They also explore how official UAP disclosure might trigger short-term risk-off moves and longer-term industry and defense implications.
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Weekend Oil Spike Triggered Broad Market Jitters
- Beimnet Abebe recounts the Sunday futures shock where WTI briefly spiked near $120 and markets quickly priced persistent inflation risk.
- He details how limited Strait of Hormuz transit and delivery backlogs caused a physical-commodity disconnect from futures.
Energy Shock Adds A Double Whammy To Corporate Funding
- Rising energy-driven inflation plus wider credit spreads raises corporate funding costs and pressures equity valuations via discounted cash flows.
- Beimnet explains IG issuance, higher treasury yields, and wider spreads form a double hit to corporate financing.
UAP Disclosure Would Trigger Initial Risk Off
- A credible UAP disclosure would likely be a near-term risk-off event driven by theological and existential questions, then managed to reduce panic.
- Beimnet and Alex argue the government has been 'dripping' information to condition public reaction and avoid market disruption.