befla – Page 48 – BEFLA

Bitwise 14% yield gap in XRP futures shows how institutions are quietly extracting cash from traders

2026-09-06, 4:25 AM by befla

Bitwise has given the market a rare look inside an institutional XRP carry trade. The Bitwise Crypto Carry Fund, or USCC, paired XRP held in custody with an almost equal short position in September Coinbase XRP futures. The structure was 97.48% matched by quantity, leaving limited exposure to a parallel move in XRP while positioning … Read more

A public company sold Bitcoin and somehow gave each shareholder more BTC exposure

2026-09-06, 4:25 AM by befla

ProCap Financial sold Bitcoin to buy back discounted shares, lifting BTC exposure for remaining investors. The Nasdaq-listed company sold about 50 BTC and repurchased more than 2% of its common stock while shares traded roughly 40% below net asset value, extending a strategy that has now retired about 10% of outstanding shares since its buyback … Read more

Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges

2026-09-06, 4:25 AM by befla

Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship. Their 90-day correlation has climbed to about 0.55, the highest in nearly six years, while Bitcoin’s volatility stands at 36.2% compared with 25.3% for gold. That makes Bitcoin just 1.43 times as … Read more

DAOs are forcing crypto protocols to choose between code and emergency brakes

2026-09-05, 7:24 PM by befla

Compound is a crypto lending protocol governed by holders who delegate their COMP tokens, a setup known as a decentralized autonomous organization, or DAO. It works like an online republic, with token holders debating proposals, voting, and letting software carry out the result. In July 2024, that republic nearly sent a fortune to a small … Read more

How the “buy, borrow, die” tax trade is quietly loading DeFi pools with hidden credit risk

2026-09-05, 2:24 PM by befla

Imagine someone who bought ETH for $1,000, watched it climb to $4,000, and now wants to cash out $1,000. Selling one-quarter of the ETH would provide the cash, but it would also realize a $750 gain under US tax treatment of digital assets held for investment. However, DeFi offers another way. The owner can deposit … Read more

Robinhood rejects AMC CEO’s demand to halt AMC tokenized ‘meme stock’ which offers no shareholder rights

2026-09-05, 12:24 PM by befla

Social media crypto drama is heating up again. The latest spat is between Robinhood and the once ‘Prince of Meme Stocks’ AMC. Robinhood’s top legal officer rejected AMC Entertainment CEO Adam Aron’s demand to stop trading an AMC-linked Stock Token, and Robinhood CEO Vlad Tenev said the company stands behind the product. The dispute centers … Read more

Kalshi faces $500,000 daily fines as Michigan forces sports event contracts offline

2026-09-04, 8:24 PM by befla

A Michigan judge has placed prediction-market exchange Kalshi under a preliminary injunction that keeps its sports event contracts fenced off from people in the state until the court issues a final order. The ruling moves the dispute beyond a short-term restraint and into an open-ended compliance regime. Kalshi calls the products federally regulated event contracts, … Read more

Why GENIUS could leave digital dollars vulnerable to sudden blockchain network ‘bank runs’

2026-09-04, 6:25 PM by befla

The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, is the new federal framework for payment stablecoin issuers. Its reserve rules aim to make each token a safer dollar claim, while the public blockchains moving those tokens retain their own fee markets and capacity limits. A Federal Reserve staff paper, first … Read more

From Bitcoin to oil, perpetual contracts are breaking into American financial markets

2026-09-04, 1:25 PM by befla

The Commodity Futures Trading Commission (CFTC) asked a federal court on Sept. 2 to dismiss CME’s challenge to Kalshi’s Bitcoin perpetual contract. The lawsuit turns on whether a contract without a fixed expiration belongs in the US futures regime. Before the court reaches that question, the regulator says CME must first show an injury the … Read more

CLARITY Act may be heading for lame duck after House Republicans slash the calendar

2026-09-04, 11:25 AM by befla

House Republicans have erased most of the remaining pre-election runway for the CLARITY Act despite mounting pressure to pass it. House Republican leaders canceled votes for the weeks of Sept. 21 and Sept. 28, moving the chamber’s departure to Sept. 17 from Oct. 1. The House is scheduled to return Sept. 14 for four voting … Read more