Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.
The Treasury basis trade turns tiny pricing gaps into huge returns by borrowing almost all the money needed to buy the bonds.
Non-compliant tokens could lose licensed custody and transfer access if the proposal becomes law, with exit rules still unresolved.
Six failed banks sounds like the start of another crisis until you add up what they actually owned.
The September 29 snapshot shows leveraged funds’ reported shorts fell about 5,300 BTC-equivalent across four products, while longs and open interest also declined.
A new derivatives market is emerging around one of AI’s biggest costs: the price of compute.
The SEC’s modeled $433,833 annual adviser cost subtotal excludes significant technology spending, raising questions about who can offer the fallback.
The breakout has pushed BTC toward underwater holder cost bases near $89,000 while Deribit calls cluster at $90,000, $95,000 and $100,000.
The illustrative Oct. 2 output holds the dividend constant, while Strategy controls optional redemption at $101 or higher plus applicable unpaid dividends.
Wednesday reserves fell $88.236 billion while their weekly average rose $17.897 billion, exposing the limits of reserve-based Bitcoin liquidity signals.
