Arthur Hayes exits crypto trading positions as analysts track $26 million in sales

Arthur Hayes exits crypto trading positions as analysts track $26 million in sales
Arthur Hayes has exited Maelstrom's directional crypto positions, and on-chain analysts are tracking about $26 million in token sales. In an Oct. 24 statement, Hayes said he had taken profits on Ethereum (ETH), Ethena (ENA), Uniswap (UNI), and other cryptocurrencies, citing mounting macroeconomic and geopolitical uncertainty. The decision follows blockchain analytics firm Santiment's Oct. 23… … Read more

Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis
US spot Bitcoin exchange-traded funds recorded about $635 million in net outflows Thursday as the cryptocurrency traded near the estimated cost basis of the funds' Bitcoin holdings. The Oct. 22 withdrawals were the largest daily outflow since June 25 and reversed nearly 60% of the inflows the funds attracted over the previous three trading sessions,… … Read more

Fake election polls expose a Kalshi loophole that could leave traders paying for fraud

Fake election polls expose a Kalshi loophole that could leave traders paying for fraud
Polling firm Wedgewood admitted on Oct. 20 that it fabricated most of its election surveys, and VoteHub, one of the aggregators that carried its results, is also the data source for recurring Kalshi contracts. Kalshi's September 2025 regulatory filing names VoteHub as the source agency for those contracts and states that “revisions to the Underlying… … Read more

Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm

Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adviser. On Oct. 22, Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, demanded records on the stablecoin issuer's reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped… … Read more