Research
Featured
Stablecoins hold nearly $200 billion in US debt, but money funds bought the surge
Treasury says money-market mutual funds absorbed about 85% of more than $550 billion in new bill supply during July and August.
ETF
Coin Metrics revises 19 months of ETF wallet data but by how much?
The update spans 35 daily and 25 hourly series, yet no cause, direction or numerical delta was disclosed.
Stablecoins
Why Mastercard’s $25 billion crypto expansion isn’t what it seems
SoFi is migrating its card program into SoFiUSD, while the amount already settled in the token remains undisclosed.
Stablecoins
Europe’s central banks want to scrap this stablecoin reserve safeguard
The proposed MiCA change challenges mandatory bank deposits as Britain's systemic sterling stablecoin code reaches its consultation deadline.
Stablecoins
EU central banks attack MiCA rules and stablecoin runs are blamed
The reported plan swaps mandatory bank deposits for one-day and five-day liquidity tests, shifting where redemption risk lands.
Crypto
Solana flips Ethereum in fees, while ETH holds the burn lead
DefiLlama’s Sept. 22 snapshot and longer-window totals show why fee generation, staking receipts and holder returns require separate measures.
Governance
XRPL fixes critical pre-mainnet flaw, but client apps remain at risk
The repaired amendment closes the disclosed XRPL signer gap, but nodes, clients, wallets and explorers now face the production test.
Derivatives
XRP volume explodes to $7.4B, and a massive CME short squeeze is blamed
CME leveraged funds cut 46.3 million XRP of net short exposure, while three Coinbase products barely moved.
Stablecoins
Why newly granted federal approval won’t save these 3 crypto banks
Agora, Catena and Bastion still face final approval or conversion, leaving distribution and liquidity to decide who gains an edge.
Lightning
Bitcoin may go quantum-safe while Lightning privacy stays exposed
A research prototype targets five off-chain Lightning functions, but its default design raises gossip downloads 10.2-fold in tests.
Macro
Why Bitcoin’s rally is dangerous according to new Fed data
The index measures shock-amplification capacity, exposing funding risks that can build while spot demand remains firm.
Lending
Narrowing price cushions leave Bitcoin loans vulnerable to 4.7% price dips as Aave weighs higher leverage
The plan would lift WBTC and cbBTC borrowing limits while shrinking the simplified maximum-leverage price cushion from 6.4% to 4.7%.
