Derivatives
Macro
Bitcoin faces a 90-minute Fed shock as CPI and Warsh testimony collide today
Fed Chair Kevin Warsh faces the House Financial Services Committee 90 minutes after the June CPI release, and his interpretation of the data will carry more weight than the data.
Stablecoins
Stablecoins are moving more money while crypto’s cash pile gets smaller
Stablecoins look stronger than ever as payment infrastructure and weaker than ever as crypto liquidity.
Tokenization
Tether’s $20 billion mountain of gold – equal to a national reserve – to be used for lending
Tether's gold position now rivals that of several sovereign nations, and a new partnership with a lending platform is testing whether tokenized bullion can function as collateral in the same way Bitcoin already does.
Tokenization
A $407 million Treasury fund reveals how Wall Street is building crypto’s missing collateral layer
Stablecoins brought digital cash onchain, and tokenized Treasury funds are beginning to supply the yield-bearing collateral digital markets have lacked.
ETF
Crypto won the ETF fight but now the SEC is questioning if things have gone too far
The SEC is reconsidering whether increasingly complex ETFs are stretching retail investors’ trust in the familiar fund structure too far.
Politics
Trump’s crypto disclosure exposes an institutional problem that markets price in real time
A president linked to branded tokens and crypto ventures creates an ethics problem with a much shorter fuse than most older business conflicts.
Analysis
Hong Kong builds a gold and yuan network that sidesteps dollar stablecoins
China is turning Hong Kong into an offshore hub for yuan liquidity, gold settlement, and bond access as it builds an institutional alternative to dollar-dominated stablecoins.
Featured
XRP cleaned out leverage, now ETF demand has to prove itself
The washout reduced forced-selling risk, but spot volume and ETF creations still need to carry the next move.
Payments
Ethereum is losing ownership of crypto payments as Base moves $565B in stablecoins
Base’s slim lead over Ethereum in adjusted stablecoin volume points to a bigger shift in how tokenized dollars move across blockchain networks.
Macro
Bitcoin rally now depends on one Fed document coming Wednesday
Bitcoin's bounce from a 21-month low rests on a single weak jobs report, and Wednesday's Fed minutes will show whether officials share the market's doubts.
Analysis
Funds are buying crypto stocks. Are they exposed to less risk — or more?
Crypto stocks promised investors a regulated way to ride the Bitcoin cycle, but 2026 data shows many added a second layer of company-specific risk instead.
Analysis
The $124 trillion Boomer wealth transfer could change crypto forever
More than $124 trillion in US household wealth is set to change hands by 2048, and the generations receiving it hold crypto at rates several times higher than the generations giving it.
