Research
Regulation
Treasury proposed GENIUS change forces US exchanges to audit foreign stablecoin or face delisting
Platforms could rely on foreign issuers only after reasonable diligence, while comments on the proposed standard remain open through Oct. 19.
Regulation
White House aide turned secret speech text into $107k on prediction markets before CFTC stepped in
A settled CFTC order adds a $65,000 penalty and three-year ban while crediting KalshiEX’s assistance.
Tokenization
Crypto stock tokens barely move over weekend, revealing markets become illiquid when Wall Street goes offline
Four Aerodrome pools showed $6.07 million in displayed liquidity while official Aave V3 records listed none of the B20 assets.
Wallets
Popular Bitcoin wallets risk losing support for new hardware devices as critical security bridge stops accepting new devices
BHWI has published parity tests, but downstream wallets still face packaging, platform and integration work.
Payments
Borrowers can now use $250k in Bitcoin for a house down payment without margin calls, but one trap remains
Price moves will not trigger margin calls, but 60 days of delinquency can put the pledged Bitcoin at risk of sale.
Featured
Deribit moved 90% of client assets to Coinbase, then killed its daily proof-of-reserves check
The Sept. 1 change removes a client Merkle check, leaving VARA reports and audited materials that are less public.
Mining
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
The company’s $4 billion contracted AI run-rate target was four times the $1 billion operating level measured Aug. 26, with recognition still gated by delivery and customer acceptance.
Analysis
Coinbase’s $104M US500 trading spike hits an early reality check
Armstrong’s launch-week chart captured $104 million in turnover, while one later snapshot left persistence to open interest and repeat sessions.
Market
Bitcoin faces a new macro test as Fed Chair Kevin Warsh highlights sticky inflation metrics
ETF inflows and larger Treasury buybacks can cushion volatility, but neither substitutes for disinflation.
Governance
Polygon Labs issues urgent client upgrade notice following Austin and Kyoto hardforks
The Polygon upgrades closed separate block-stall, peer-crash, and validator-work risks, leaving nodes on older binaries outside canonical consensus.
Governance
Kraken and Galaxy flipped late as Solana approved a major supply cut
The vote gives developers a mandate to reduce future issuance, potentially cutting nearly 18.9 million SOL over six years.
Digital Asset Treasuries
Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk
The planned 270 Bitcoin nearly offsets the placement, while full warrant exercise would cut the displayed ratio by about 24%.
