Research
Payments
Circle renews Coinbase deal creating two ways to challenge Coinbase’s USDC payouts, but neither works quickly
The new term opens 60- and 90-day cure paths, followed by possible exclusions and up to 12 months of payments.
Macro
A hidden divide inside the Fed could trigger a hawkish shock for Bitcoin at 2 PM today
The minutes become a hawkish shock only if support for tightening extends beyond the three officials who formally dissented.
Technology
Ethereum’s 12-GPU proving problem just got a 4-GPU answer
ZisK claimed 9.62-second p99 fits Ethereum's latency target, while workload, proof and whole-system power details remain undisclosed.
Mining
Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total
Canaan placed 4.96 EH/s in its operating column, while a footnote said Ethiopia mining was paused.
Governance
Yakovenko wants Solana to mint SOL to buy a company, but who would own it?
Yakovenko’s Solana-funded acquisition idea leaves the legal buyer, ownership structure and control of company revenue unresolved.
Deals
AsiaStrategy’s Astra deal lets insider-linked buyers take ownership before $8 million comes due
Legal ownership can pass at closing, while the public agreements disclose no collateral, guarantee or escrow.
Taxes
HIVE’s $84.7 million Swedish tax provision eclipsed revenue even as Bitcoin output hit a record
The non-cash liability equals about 41% of cash, while HIVE’s filings leave the payment timetable unresolved.
Liquidations
Shifting $576M of forced sales off public order books saved Hyperliquid from a systemic crash
A new preprint says off-book routing damped liquidation feedback inside Hyperliquid, while wider market effects remain untested.
Research
Solana’s Alpenglow bug hunt charges researchers 0.5 SOL to report flaws
Anza’s 50,000 SOL pool unlocks by severity, while changing eligibility and duplicate rules leave researchers bearing the filing risk.
ETF
Bitcoin ETF flows jumped by $137 million, but it only recouped a third of recent losses
Farside’s reported $137.3 million inflow recovered just 35.6% of the prior five-session net outflow, leaving breadth unproven.
Stablecoins
Circle still tells users to buy Noble USDC on Coinbase after cutoff date passes
Coinbase warned later Noble deposits may not be recoverable, while its notice left the cutoff’s clock time unspecified.
Research
Blockchains may finally break their hidden reliance on a ticking randomness clock to keep networks secure
Distributed samplers replace fresh public randomness while a common random string, DDH, LWE, and proof-of-work assumptions remain.
