ETF
Wintermute takes aim at Wall Street’s crypto ETF gatekeepers
Its new SEC-registered broker-dealer can pursue roles currently occupied by traditional market makers such as Jane Street.
Sentiment: Neutral
Latest stories
Mining
American Bitcoin built an 8,002 BTC reserve, but nearly 40% of it is quietly tied up with Bitmain
Mining supplied roughly 95% of Q2 reserve growth, while first-half operations and Bitcoin purchases used $129.1 million in cash.
Market
Bitcoin holds $64,000 as private hiring drops 53% before today’s macro test that could break support
ADP private-job growth fell to 44,000 from 95,000, but wages and yields resist a simple relief trade.
AI
Inside the race to create AI telepathy – and why an OpenAI researcher just staked her career on it
Former OpenAI researcher joins Conduit to turn neural data into AI prompts, though free-form performance remains unpublished.
Digital Asset Treasuries
AVAX One debt amendment raises cash and Bitcoin liquidity floor to $3.5 million
An amended legacy debenture excludes AVAX from the liquidity calculation after the company’s CEO transition.
Lending
If Bitcoin drops below $58,860, PowerCompute can hand over 307 BTC and walk away from $18 million in debt
The low rate lasts one period; on Sept. 2, PowerCompute must repay, surrender collateral or accept repriced terms.
Governance
Solana whales just triggered a countdown that could skyrocket SOL’s daily burn rate by over 1,200%
Both proposals have cleared the 15% stake threshold, but Aug. 22 ends only discussion before voting and any implementation.
AI
Galaxy Digital lost $85M on crypto as its projected $80M in AI revenue must offset $3.5B AI investment
All 133 MW is live, but the revenue figure is Q3 guidance and does not yet offset the Q2 loss.
AI
Hyperscale sells Bitcoin for AI business set to deliver less than 20% of 2027 revenue
The company is targeting up to $350 million in sales, but lending, digital assets and portfolio companies are expected to carry the forecast.
Stablecoins
How a crypto startup allegedly siphoned 470,000 Binance users to build a $4 billion card empire
Binance’s $473 million lawsuit alleges RedotPay diverted 470,000 users as stablecoin firms race to control cards and checkout.
Staking
BNY and BlackRock funnel billions through one infrastructure provider, exposing the fragile illusion of crypto diversification
You own the coins and collect the yield, but Wall Street’s hidden validators now control the real power.
Trading
How institutional dark pools quietly ate 15% of crypto volume and killed the retail whale-watching edge
Institutional crypto trades are moving into dark pools, reshaping exchange liquidity and making whale activity harder for retail to track.
