Derivatives
Analysis
IBIT flips to in-kind creations: what it means for spreads, taxes and flows
Tighter spreads, tax advantages, and smoother arbitrage: that’s the payoff as IBIT adopts in-kind creations and redemptions.
Banking
Will SWIFT’s new crypto ledger choke or boost existing chains?
Bitcoin and Ethereum liquidity may feel the ripple as banks adopt tokenized settlement through SWIFT.
Research
Bitcoin options pinned at $113k, traders may wait until December to unlock volatility
Short-term expiries are locking price near $113k–$115k, but year-end structures remove the airbrakes and leave room for larger swings.
Mining
Why Bitcoin’s hashrate explosion could squeeze public miners next
Hashrate has become the scoreboard for an industry that lives or dies by amount of power it delivers.
Research
As BTC futures remain steady, will Bitcoin hold above $112k?
Bitcoin futures OI in BTC terms held firm through a 3.36% price drop while options demand climbed.
Research
Bitcoin’s ‘supply in loss’ doubled as price dipped below $112k
A 3% decline in price showed how quickly underwater supply expands near all-time highs.
Bitcoin
Where Bitcoin and DeFi stand against TradFi markets – Is crypto finally reaching an inflection point?
From Wall Street trading floors to payment networks, Bitcoin and DeFi are more than longer fringe experiments, they’re being measured against the world’s biggest financial systems. This piece maps crypto’s scale against gold funds, equity markets, and Visa rails to show just how far it’s come, and where the gaps remain.
Research
Two-speed market leaves Bitcoin caught between profit-taking and hesitation
Mature supply is hitting the market at a steady pace while newer buyers show little conviction.
Macro
Stablecoins could face yield compression after Fed’s rate cut
Stablecoins could lose their yield advantage as Fed easing begins.
Research
DeFi looks vast with $160B in TVL but capital concentrates in a handful of protocols
Stablecoins and perpetual markets are keeping the system liquid, even as most collateral remains concentrated in a few lending and staking layers.
Research
Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways
Funding costs pile up yet leverage stays near $40B open interest, raising risk.
Solana
Solana dips 6.5% then trims losses to $236
Buyers stepped in at $232 and pushed SOL back toward $236 within minutes.
