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Plain definitions of the words that keep turning up in the coverage.

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Futures contract

An agreement to buy or sell an asset at a set price on a set date. Used to…

Supply chain

The chain of suppliers, factories and transport that turns raw materials into a delivered product. A blockage anywhere…

DeFi

Decentralised finance: lending, trading and derivatives run by smart contracts rather than by a bank or broker. Users…

Leverage

Using borrowed money to increase exposure. It multiplies gains and losses equally, and forced selling by leveraged holders…

Referendum

A direct public vote on a single question. Whether the result binds the government depends on the law…

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