/* Layout: a market front page. Masthead and live tape on top; lead story beside a market rail; a filterable story grid below; deal, IPO and regulatory-clock rails; editorial standard at the foot. */
:root{
  --fs:1;
  --bg:#f6f4ef; --surface:#ffffff; --ink:#111316; --muted:#5d636b; --line:#dcd8cf;
  --gold:#9a7428; --gold-soft:#efe3c6; --up:#1d7a4a; --down:#b3261e; --tape:#111316; --tape-ink:#f3efe6;
  --angle:#f3ecdc; --mast:#000000; --mast-ink:#f3efe6; --brand-gold:#d9b54a;
  --display:"Playfair Display",Georgia,"Times New Roman",serif;
  --body:Inter,system-ui,-apple-system,"Segoe UI",Roboto,sans-serif;
  --mono:"JetBrains Mono",ui-monospace,SFMono-Regular,Menlo,Consolas,monospace;
}
@media (prefers-color-scheme: dark){:root:not([data-theme="light"]){
  --bg:#0b0c0e; --surface:#141619; --ink:#eceae4; --muted:#9aa0a8; --line:#2a2d32;
  --gold:#d4ad5c; --gold-soft:#2b2416; --up:#4cc38a; --down:#ff6b5e; --tape:#000000; --tape-ink:#eceae4;
  --angle:#1d1a13; color-scheme:dark}}
:root[data-theme="dark"]{
  --bg:#0b0c0e; --surface:#141619; --ink:#eceae4; --muted:#9aa0a8; --line:#2a2d32;
  --gold:#d4ad5c; --gold-soft:#2b2416; --up:#4cc38a; --down:#ff6b5e; --tape:#000000; --tape-ink:#eceae4;
  --angle:#1d1a13; color-scheme:dark}
*{box-sizing:border-box}
[hidden]{display:none!important}
html{-webkit-text-size-adjust:100%}
img{max-width:100%}
body{background:var(--bg);color:var(--ink);font-family:var(--body);font-size:15px;line-height:1.5;margin:0}
a{color:inherit}
.wrap{max-width:1180px;margin:0 auto;padding-inline:20px}
h1,h2,h3{font-family:var(--display);text-wrap:balance;margin:0}
.mono{font-family:var(--mono);font-variant-numeric:tabular-nums}
.label{font-family:var(--mono);font-size:11px;letter-spacing:.12em;text-transform:uppercase;color:var(--muted)}

/* masthead: the DISCINTEL lockup is the anchor, on brand black in both themes */
header.mast{background:var(--mast);color:var(--mast-ink);border-bottom:1px solid #2a2418}
.mast .wrap{display:flex;flex-wrap:wrap;align-items:center;justify-content:space-between;gap:16px;padding-block:22px 18px}
.lockup{display:flex;align-items:center;gap:16px;margin:0;min-width:0}
.lockup .coin{width:80px;height:80px;flex:none;filter:drop-shadow(0 1px 3px rgba(0,0,0,.6))}
.lockup .words{display:flex;flex-direction:column;gap:8px;min-width:0}
.lockup .word{height:56px;width:auto;max-width:100%;display:block}
.lockup .product{font-family:var(--display);font-weight:700;font-size:26px;line-height:1;color:var(--mast-ink);letter-spacing:.01em;padding-top:8px;border-top:1px solid var(--brand-gold);align-self:flex-start}
.dateline{text-align:right;display:flex;flex-direction:column;gap:4px}
.dateline .d{font-family:var(--display);font-size:20px;font-weight:600;color:var(--mast-ink)}
.edition{display:inline-flex;align-items:center;gap:6px;font-family:var(--mono);font-size:11px;color:var(--brand-gold);letter-spacing:.08em;text-transform:uppercase}
.edition i{width:7px;height:7px;border-radius:50%;background:var(--brand-gold);display:inline-block}

/* tape */
.tape{background:var(--tape);color:var(--tape-ink);overflow:hidden;border-bottom:1px solid var(--line)}
.tape{background:var(--mast)}
.tape .row{display:flex;gap:28px;padding-block:9px;white-space:nowrap;width:max-content;animation:tape 48s linear infinite}
.tape:hover .row{animation-play-state:paused}
.tk{font-family:var(--mono);font-size:13px;display:inline-flex;gap:8px;align-items:baseline}
.tk b{font-weight:600;letter-spacing:.04em}
.tk .u{color:var(--up)} .tk .dn{color:var(--down)}
.tk.asof{color:var(--gold)}
@keyframes tape{from{transform:translateX(0)}to{transform:translateX(-50%)}}
@media (prefers-reduced-motion: reduce){.tape{overflow-x:auto}.tape .row{animation:none}}
:root .tk .u{color:#4cc38a} :root .tk .dn{color:#ff6b5e}

/* lanes */
nav.lanes{position:sticky;top:env(safe-area-inset-top,0px);z-index:5;background:var(--bg);border-bottom:1px solid var(--line)}
nav.lanes .wrap{display:flex;gap:8px;overflow-x:auto;padding-block:10px;scrollbar-width:none}
.chip{flex:none;font:600 13px/1 var(--body);padding:9px 14px;border-radius:999px;border:1px solid var(--line);background:var(--surface);color:var(--ink);cursor:pointer}
.chip[aria-pressed="true"]{background:var(--ink);color:var(--bg);border-color:var(--ink)}
.chip:focus-visible,.src:focus-visible{outline:2px solid var(--gold);outline-offset:2px}

/* top: lead + pulse */
.top{display:grid;grid-template-columns:minmax(0,1.65fr) minmax(0,1fr);gap:28px;padding-block:26px}
.lead{min-width:0;display:flex;flex-direction:column;gap:14px}
.lead.swap{animation:swap .35s ease}
@keyframes swap{from{opacity:.35;transform:translateY(4px)}to{opacity:1;transform:none}}
@media (prefers-reduced-motion: reduce){.lead.swap{animation:none}}
.kicker{display:flex;gap:10px;align-items:center;flex-wrap:wrap}
.lane{font-family:var(--mono);font-size:11px;font-weight:600;letter-spacing:.12em;text-transform:uppercase;color:var(--gold)}
.when{font-family:var(--mono);font-size:11px;color:var(--muted)}
.lead h2{font-size:clamp(28px,4vw,44px);line-height:1.08;font-weight:800}
.lead p.dek{font-size:17px;color:var(--ink);max-width:62ch;margin:0}
.figs{display:flex;flex-wrap:wrap;gap:10px}
.fig{border:1px solid var(--line);background:var(--surface);padding:10px 14px;display:flex;flex-direction:column;gap:2px;min-width:132px}
.fig .v{font-family:var(--mono);font-size:22px;font-weight:600;font-variant-numeric:tabular-nums}
.fig .v.dn{color:var(--down)} .fig .k{font-size:12px;color:var(--muted)}
.angle{background:var(--angle);border-left:3px solid var(--gold);padding:12px 14px;font-size:14px;max-width:70ch}
.angle b{font-family:var(--mono);font-size:10.5px;letter-spacing:.14em;text-transform:uppercase;color:var(--gold);display:block;margin-bottom:3px}
.src{font-family:var(--mono);font-size:12px;color:var(--muted);text-decoration:none;border-bottom:1px solid var(--line)}
.src:hover{color:var(--ink);border-color:var(--gold)}

aside.pulse{min-width:0;background:var(--surface);border:1px solid var(--line);padding:16px 16px 12px;display:flex;flex-direction:column;gap:10px;align-self:start}
.pulse h3{font-size:22px}
.pulse .sub{font-size:12.5px;color:var(--muted)}
.bars{display:flex;flex-direction:column;gap:5px}
.bar{display:grid;grid-template-columns:62px minmax(0,1fr) 64px;align-items:center;gap:8px;font-family:var(--mono);font-size:12.5px}
.bar .t{font-weight:600}
.bar .track{position:relative;height:14px}
.bar .track::before{content:"";position:absolute;left:calc(var(--zero) * 1%);top:-3px;bottom:-3px;width:1px;background:var(--muted);opacity:.6}
.bar .fill{position:absolute;top:1px;height:12px}
.bar .fill.dn{background:var(--down)} .bar .fill.u{background:var(--up)}
.bar .pct{text-align:right;font-variant-numeric:tabular-nums}
.bar .pct.dn{color:var(--down)} .bar .pct.u{color:var(--up)}
.bar.idx .t{color:var(--gold)}
.axis{display:grid;grid-template-columns:62px minmax(0,1fr) 64px;gap:8px;font-family:var(--mono);font-size:10.5px;color:var(--muted)}
.axis .sc{position:relative;height:14px}
.axis .sc span{position:absolute;transform:translateX(-50%)}
.fine{font-size:11.5px;color:var(--muted);line-height:1.45}

/* stories */
section.stories{padding-block:6px 30px;border-top:1px solid var(--line)}
.sechead{display:flex;justify-content:space-between;align-items:baseline;gap:12px;flex-wrap:wrap;padding-block:18px 14px}
.sechead h2{font-size:26px}
.grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:22px}
article.story{min-width:0;display:flex;flex-direction:column;gap:9px;padding-top:14px;border-top:2px solid var(--ink)}
article.story h3{font-size:21px;line-height:1.18;font-weight:700}
article.story p{margin:0;font-size:14.5px}
article.story .angle{font-size:13.5px}
article.story .foot{margin-top:auto;display:flex;justify-content:space-between;gap:8px;flex-wrap:wrap;padding-top:4px}
.empty{grid-column:1/-1;color:var(--muted);padding:20px 0}

/* rails */
section.rails{display:grid;grid-template-columns:minmax(0,1.3fr) minmax(0,1fr) minmax(0,1fr);gap:22px;padding-block:24px 34px;border-top:1px solid var(--line)}
.rail{min-width:0;display:flex;flex-direction:column;gap:10px}
.rail h3{font-size:21px}
.tw{overflow-x:auto}
table{border-collapse:collapse;width:100%;font-size:13.5px}
th{font-family:var(--mono);font-size:10.5px;letter-spacing:.1em;text-transform:uppercase;color:var(--muted);text-align:left;font-weight:500;padding:6px 8px 6px 0;border-bottom:1px solid var(--line)}
td{padding:9px 8px 9px 0;border-bottom:1px solid var(--line);vertical-align:top}
td.num{font-family:var(--mono);text-align:right;white-space:nowrap;font-variant-numeric:tabular-nums}
.clock{display:flex;flex-direction:column;gap:0}
.cl{display:grid;grid-template-columns:72px minmax(0,1fr);gap:12px;padding:10px 0;border-bottom:1px solid var(--line)}
.cl .dt{font-family:var(--mono);font-size:12px;color:var(--gold);font-weight:600}
.cl .days{display:block;color:var(--muted);font-weight:400}
.cl p{margin:0;font-size:13.5px}
.bigstat{display:flex;gap:16px;flex-wrap:wrap}
.bigstat div{display:flex;flex-direction:column}
.bigstat .v{font-family:var(--display);font-size:34px;font-weight:700;line-height:1}
.bigstat .k{font-size:12px;color:var(--muted)}

/* verification chip and record */
.vchip{display:inline-flex;align-items:center;gap:6px;font:600 11px/1 var(--mono);letter-spacing:.06em;text-transform:uppercase;padding:6px 9px;border-radius:999px;border:1px solid var(--line);background:var(--surface);color:var(--ink);cursor:pointer}
.vchip .dot{width:8px;height:8px;border-radius:50%}
.vchip.primary .dot{background:var(--up)} .vchip.secondary .dot{background:var(--gold)} .vchip.reported .dot{background:var(--down)}
.vchip:focus-visible,.open:focus-visible,.seg button:focus-visible,.x:focus-visible,.cta:focus-visible{outline:2px solid var(--gold);outline-offset:2px}
.vrec{border:1px solid var(--line);background:var(--surface);padding:10px 12px;font-size:13px;display:flex;flex-direction:column;gap:6px}
.vrec[hidden]{display:none}
.vrec ul{margin:0;padding:0;list-style:none;display:flex;flex-direction:column;gap:5px}
.vrec li{display:grid;grid-template-columns:18px minmax(0,1fr);gap:6px}
.vrec li .m{font-family:var(--mono);font-weight:700}
.vrec li.ok .m{color:var(--up)} .vrec li.gap .m{color:var(--down)}
.vrec .meta{font-family:var(--mono);font-size:11px;color:var(--muted)}
.actions{display:flex;flex-wrap:wrap;gap:10px;align-items:center}
.open{font:600 13px/1 var(--body);padding:9px 14px;border:1px solid var(--ink);background:var(--ink);color:var(--bg);cursor:pointer}
.region{font-family:var(--mono);font-size:11px;color:var(--muted)}
/* filter rows */
nav.lanes .rows{display:flex;flex-direction:column;gap:8px;padding-block:10px}
nav.lanes .row2{display:flex;gap:8px;overflow-x:auto;scrollbar-width:none;align-items:center}
nav.lanes .wrap{display:block;padding-block:0;overflow:visible}
.rowlab{flex:none;font-family:var(--mono);font-size:10.5px;letter-spacing:.12em;text-transform:uppercase;color:var(--muted);width:64px}
.chip.sm{padding:7px 12px;font-size:12.5px}
/* reader mode */
.seg{display:inline-flex;border:1px solid var(--mast-ink);border-radius:999px;overflow:hidden}
.seg button{font:600 11.5px/1 var(--body);padding:7px 11px;border:0;background:transparent;color:var(--mast-ink);cursor:pointer}
.seg button[aria-pressed="true"]{background:var(--brand-gold);color:#000}
.demo{font-family:var(--mono);font-size:10px;color:var(--brand-gold);letter-spacing:.06em}
/* story reader */
dialog.reader{margin:auto;box-shadow:0 24px 64px rgba(0,0,0,.45);width:min(760px,calc(100vw - 24px));max-height:calc(100vh - 32px);padding:0;border:1px solid var(--line);background:var(--bg);color:var(--ink)}
dialog.reader::backdrop{background:rgba(0,0,0,.55)}
.rd{display:flex;flex-direction:column;gap:14px;padding:22px 24px 26px}
.rd .top{display:flex;justify-content:space-between;align-items:center;gap:10px;padding:0}
.x{font:600 13px/1 var(--body);padding:8px 12px;border:1px solid var(--line);background:var(--surface);color:var(--ink);cursor:pointer}
.rd h2{font-size:clamp(24px,4vw,32px);line-height:1.12}
.rd h4{font-family:var(--mono);font-size:11px;letter-spacing:.12em;text-transform:uppercase;color:var(--gold);margin:6px 0 2px}
.rd p{margin:0;max-width:66ch}
.gate{position:relative;border:1px solid var(--gold);background:var(--angle);padding:16px;display:flex;flex-direction:column;gap:8px}
.gate h3{font-size:20px}
.cta{align-self:flex-start;font:700 14px/1 var(--body);padding:11px 16px;background:var(--brand-gold);color:#000;border:0;cursor:pointer}
.fade{position:relative;max-height:5.2em;overflow:hidden}
.fade::after{content:"";position:absolute;left:0;right:0;bottom:0;height:3em;background:linear-gradient(to bottom,transparent,var(--bg))}
.note{font-size:12.5px;color:var(--muted)}
.coverage{font-size:12.5px;color:var(--muted);padding-bottom:6px}

footer{border-top:1px solid var(--line);background:var(--surface)}
footer .wrap{display:grid;grid-template-columns:minmax(0,1.4fr) minmax(0,1fr);gap:24px;padding-block:24px 30px}
footer h3{font-size:18px;margin-bottom:6px}
footer ul{margin:0;padding-left:18px;font-size:13.5px;display:flex;flex-direction:column;gap:4px}
footer p{margin:0;font-size:12.5px;color:var(--muted)}

@media (max-width: 960px){
  .top{grid-template-columns:minmax(0,1fr)}
  .grid{grid-template-columns:repeat(2,minmax(0,1fr))}
  section.rails{grid-template-columns:minmax(0,1fr)}
  footer .wrap{grid-template-columns:minmax(0,1fr)}
}
@media (max-width: 620px){
  .wrap{padding-inline:16px}
  .grid{grid-template-columns:minmax(0,1fr)}
  .dateline{text-align:left}
  .mast .wrap{align-items:flex-start;flex-direction:column}
  .lockup .coin{width:48px;height:48px}
  .lockup .word{height:30px}
  .lockup .product{font-size:18px}
}

/* Topics and Regions: left-hand menu on wide screens, scrolling chip rows on narrower ones */
.chip .n{opacity:.6}
nav.lanes .grp{display:flex;gap:8px;align-items:center;min-width:0}
nav.lanes .grp .row2{min-width:0;flex:1}
@media (min-width: 1100px){
  main.shell{display:grid;grid-template-columns:200px minmax(0,1fr);gap:32px;max-width:1420px;margin:0 auto;padding-inline:20px;align-items:start}
  main.shell .content{min-width:0}
  .mast .wrap,footer .wrap{max-width:1420px}
  main.shell .content .wrap{max-width:none;padding-inline:0}
  main.shell nav.lanes{position:sticky;top:calc(env(safe-area-inset-top,0px) + 12px);border-bottom:0;border-right:1px solid var(--line);background:transparent;max-height:calc(100vh - 24px);overflow-y:auto;padding-block:26px;padding-right:16px}
  main.shell nav.lanes .wrap{padding:0;max-width:none}
  main.shell nav.lanes .rows{gap:26px;padding:0}
  main.shell nav.lanes .grp{flex-direction:column;align-items:stretch;gap:8px}
  main.shell nav.lanes .rowlab{width:auto;padding-left:10px}
  main.shell nav.lanes .row2{flex-direction:column;align-items:stretch;gap:2px;overflow:visible}
  main.shell nav.lanes .chip{display:flex;justify-content:space-between;align-items:center;gap:8px;width:100%;text-align:left;border:0;border-radius:6px;background:transparent;padding:9px 10px;font-size:14px;line-height:1.2}
  main.shell nav.lanes .chip:hover{background:var(--surface)}
  main.shell nav.lanes .chip[aria-pressed="true"]{background:var(--ink);color:var(--bg)}
  main.shell nav.lanes .chip .n{font-size:12px}
}

/* Story page: one column for reading on a phone first; top bar with the DISCINTEL mark, reading progress, bottom action bar on small screens. */
a.hl{text-decoration:none}
a.hl:hover{text-decoration:underline;text-decoration-color:var(--gold)}
a.open{display:inline-block;text-decoration:none}

.sbar{position:sticky;top:env(safe-area-inset-top,0px);z-index:20;background:var(--mast);color:var(--mast-ink);border-bottom:1px solid #2a2418}
.sbar .in{max-width:760px;margin:0 auto;padding:10px 16px;display:flex;align-items:center;justify-content:space-between;gap:10px}
.sbar .home{display:flex;align-items:center;gap:10px;text-decoration:none;min-width:0}
.sbar .home img.c{width:32px;height:32px;flex:none}
.sbar .home img.w{height:20px;width:auto}
.sbar .home span{font-family:var(--display);font-weight:700;font-size:15px;color:var(--mast-ink);white-space:nowrap}
.sbar .tools{display:flex;gap:6px;flex:none}
.tbtn{font:600 13px/1 var(--body);min-height:40px;min-width:40px;padding:0 12px;border:1px solid #4a4130;background:transparent;color:var(--mast-ink);cursor:pointer;border-radius:6px}
.tbtn:focus-visible,.nav a:focus-visible,.abar a:focus-visible,.abar button:focus-visible{outline:2px solid var(--brand-gold);outline-offset:2px}
.progress{position:absolute;left:0;bottom:-1px;height:2px;width:0;background:var(--brand-gold)}

article.full{max-width:720px;margin:0 auto;padding:24px 16px 40px;display:flex;flex-direction:column;gap:18px}
article.full .crumb{font-family:var(--mono);font-size:12px;color:var(--muted)}
article.full .crumb a{color:var(--muted)}
article.full h1{font-family:var(--display);font-size:clamp(28px,7vw,44px);line-height:1.1;font-weight:800;text-wrap:balance;margin:0}
article.full .dek{font-size:calc(19px * var(--fs));line-height:1.5;margin:0;color:var(--ink)}
.byline{display:flex;flex-wrap:wrap;gap:6px 14px;font-family:var(--mono);font-size:12px;color:var(--muted);border-top:1px solid var(--line);border-bottom:1px solid var(--line);padding:10px 0}
.byline b{color:var(--ink);font-weight:600}
details.verify{border:1px solid var(--line);background:var(--surface)}
details.verify summary{list-style:none;cursor:pointer;display:flex;align-items:center;justify-content:space-between;gap:10px;padding:12px 14px;min-height:48px}
details.verify summary::-webkit-details-marker{display:none}
details.verify summary .vchip{pointer-events:none}
details.verify summary .more{font-family:var(--mono);font-size:12px;color:var(--muted)}
details.verify[open] summary .more::after{content:" ▲"} details.verify:not([open]) summary .more::after{content:" ▼"}
details.verify .vrec{border:0;border-top:1px solid var(--line)}
.body{display:flex;flex-direction:column;gap:6px;font-size:calc(17.5px * var(--fs));line-height:1.65}
.body h2{font-family:var(--mono);font-size:12px;letter-spacing:.14em;text-transform:uppercase;color:var(--gold);margin:16px 0 2px}
.body p{margin:0;max-width:66ch}
.body .fig{display:inline-flex}
.figrow{display:flex;flex-wrap:wrap;gap:10px;margin-top:8px}
.locked .lockable{display:none}
.locked .teaser{position:relative;max-height:7.5em;overflow:hidden}
.locked .teaser::after{content:"";position:absolute;inset:auto 0 0 0;height:3.5em;background:linear-gradient(to bottom,transparent,var(--bg))}
.gate{display:none}
.locked .gate{display:flex}
.angle.big{font-size:calc(15.5px * var(--fs));padding:14px 16px}
.orig{font-size:13px;color:var(--muted);margin:0}
.nav{display:grid;grid-template-columns:1fr 1fr;gap:12px;border-top:1px solid var(--line);padding-top:16px}
.nav a{display:flex;flex-direction:column;gap:4px;padding:12px;border:1px solid var(--line);background:var(--surface);text-decoration:none;min-height:72px}
.nav a .k{font-family:var(--mono);font-size:11px;letter-spacing:.1em;text-transform:uppercase;color:var(--muted)}
.nav a .t{font-family:var(--display);font-weight:700;font-size:16px;line-height:1.25}
.nav a.next{text-align:right}
.related{display:flex;flex-direction:column;gap:0}
.related h3{font-size:20px;margin-bottom:6px}
.related a{display:block;padding:12px 0;border-bottom:1px solid var(--line);text-decoration:none;font-weight:600;line-height:1.35}
.related a span{display:block;font-family:var(--mono);font-size:11px;color:var(--muted);font-weight:400;margin-bottom:3px;letter-spacing:.06em}
.toast{position:fixed;left:50%;bottom:calc(84px + env(safe-area-inset-bottom,0px));transform:translateX(-50%);background:var(--ink);color:var(--bg);padding:10px 14px;font-size:14px;border-radius:6px;z-index:40}

/* bottom action bar on phones */
.abar{display:none}
@media (max-width: 720px){
  .abar{display:grid;grid-template-columns:repeat(4,1fr);position:fixed;left:0;right:0;bottom:0;z-index:30;background:var(--surface);border-top:1px solid var(--line);padding:6px 6px calc(6px + env(safe-area-inset-bottom,0px))}
  .abar a,.abar button{display:flex;flex-direction:column;align-items:center;justify-content:center;gap:3px;min-height:52px;font:600 11.5px/1.1 var(--body);color:var(--ink);text-decoration:none;background:transparent;border:0;cursor:pointer}
  .abar .ic{font-size:18px;line-height:1}
  article.full{padding-bottom:96px}
  .sbar .home img.w{display:none}
  .sbar .tools .hide-sm{display:none}
  .nav{grid-template-columns:1fr}
  .nav a.next{text-align:left}
}
@media (prefers-reduced-motion: reduce){.progress{transition:none}}
details.verify summary{flex-wrap:wrap}
details.verify summary .more{white-space:nowrap}
@media (max-width: 620px){
  .figs{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:8px}
  .fig{min-width:0;padding:8px 10px}
  .fig .v{font-size:18px}
  .dateline .actions{justify-content:flex-start!important}
}