Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.
CME’s BVI contract turns Bitcoin implied volatility into a regulated futures trade, giving institutions a way to hedge or bet on BTC turbulence without taking a direct price view.
Liam 'Akiba' Wright 7 min read 
Trump’s executive order asks the Fed to review whether crypto and fintech firms can gain broader access to core dollar payment rails.
Yorkville America withdrew the Truth Social spot Bitcoin ETF filing and shifted toward ’40 Act strategies, but fee pressure across the spot Bitcoin ETF market explains why a late entrant would struggle.
Bitcoin price remains caught between long-term holder accumulation and weakening short-term demand as ETF outflows, rising yields, and leverage pressure the $76,000 zone.
MSTR has risen about 6.8% while Bitcoin is down about 12.5%, but STRC’s near-par trading may matter more for whether Strategy can keep financing BTC purchases through 2026.
Options positioning shows traders hedging $75,000 and $60,000 downside while keeping $80,000 and $90,000 rebound calls alive.
Hyperliquid’s SPCX contract gives traders synthetic exposure to SpaceX before an IPO, turning private-market expectations into a live crypto derivatives price.
Japan’s shift from Treasury buyer to seller could lift global yields, tighten liquidity, and sharpen Bitcoin’s role in the sovereign debt debate.
Galaxy says the CLARITY Act could become law this year if lawmakers resolve ethics demands and move quickly before the recess.
