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.
Sentiment: Neutral
Latest stories
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.
Taxes
UK crypto investors declared £1.38B in gains, but half came from just 240 people
Its first crypto gains table covers 17,600 taxpayers, while CARF data will begin reaching the agency in 2027.
Mining
Bitcoin Knots is trying to fork Bitcoin again after its last chain died in two blocks
The new attempt swaps SHA-256d for BLAKE2b, but miners, wallets and exchanges still have to show up.
ETF
The SEC is reviewing automatic filing pathways after exotic crypto and event-linked ETF proposals flooded the market
Wall Street has turned the humble ETF into a wrapper for almost any financial bet imaginable.
Mining
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin miners used to trade like leveraged bets on BTC, but their growing AI businesses are breaking that relationship.
Market
Bitcoin’s failed $81,000 breakout just put $75,000 back on the table
BTC needs to recover $80,000 quickly or risk turning Friday’s rejection into a deeper correction.
ETF
Crypto ETFs appeared to hit $10B in hours, but filing data exposes where that money really came from
Billions of dollars can appear inside a crypto ETF without investors buying a single new coin on launch day.
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.
Trading
Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin
The protocol is moving into equity perpetual basis trades as it tries to rebuild USDe and reach the $7.5 billion threshold for ENA buybacks.
Hacks
Cosmos misjudged a critical bug for 4 months before hackers stole nearly $6 million across 6 chains
The vulnerability was patched in the main codebase in May but later proved broader than engineers initially believed.
Digital Asset Treasuries
After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch
The proposed preferred raise covers just 1.51% of the Bitcoin target before any allocation to AI investments and the 18-month dividend reserve.
