TradFi
Hedge funds built a $1.2 trillion Treasury trade on money they have to keep borrowing
The Treasury basis trade turns tiny pricing gaps into huge returns by borrowing almost all the money needed to buy the bonds.
Sentiment: Neutral
Latest stories
Banking
Six US banks have failed in 2026 but the numbers look nothing like 2023
Six failed banks sounds like the start of another crisis until you add up what they actually owned.
Layer-2
Arbitrum pauses new Stylus activations over AI-assisted attack risks
Existing programs keep running, while a separate proof-conflict guard can delay unconfirmed withdrawals to Ethereum.
AI
Plunging GPU prices threaten AI hosts, and new hedges step in
A new derivatives market is emerging around one of AI’s biggest costs: the price of compute.
Digital Asset Treasuries
Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected
Roughly $88.5 million in closing-linked gross sources remains conditional, with expenses and spending choices deciding additional XRP demand.
Digital Asset Treasuries
Why Strategy’s STRC calculator shows $210 for a share it can redeem at $101
The illustrative Oct. 2 output holds the dividend constant, while Strategy controls optional redemption at $101 or higher plus applicable unpaid dividends.
Derivatives
Coinbase completes Deribit switch, ending International Exchange trading
The October 1 cutover leaves the old venue read-only and changes trading access, settlement and records for affected institutions.
Regulation
Bitcoin’s $113,000 case strengthens as US regulators push 9 crypto actions
The SEC and CFTC are building much of crypto’s market infrastructure even after Congress failed to advance CLARITY.
Stablecoins
Solana enters US banking with 90 North Dakota banks leading it
Fiserv has launched Roughrider Coin on Solana, giving more than 90 North Dakota banks and credit unions a new dollar settlement route.
Wallets
Electrum patches Lightning flaw, but old Bitcoin backups break
Electrum 4.8.2 fixes a Lightning backup flaw affecting anchor channels and requires some users to replace older backup files.
Exchanges
Bitget restores $300M fund after absorbing $388M security breach
The restored backstop is separate from customer reserves, and claims remain subject to Bitget's assessment as withdrawals reopen in phases.
Lending
XRP is becoming collateral for real loans and the first market is already dominated by whales
More than $7 million has been borrowed against FXRP, but native XRPL lending still has to prove credit growth can translate into broader participation.
