Coinbase’s $104M US500 trading spike hits an early reality check

Coinbase’s $104M US500 trading spike hits an early reality check
Coinbase US500 futures reached a $100 million milestone, giving the exchange an early test of whether a crypto-native trading mechanism can travel into regulated US equity markets. The chart attached to Armstrong’s Aug. 28 post tracked trailing 24-hour matched volume after US500 began trading on Aug. 17. It ended at an annotated $104 million near … Read more

BlackRock just pulled in 115% of all Bitcoin ETF inflows in a single day as rival funds bleed cash

BlackRock just pulled in 115% of all Bitcoin ETF inflows in a single day as rival funds bleed cash
BlackRock’s iShares Bitcoin Trust (IBIT) pulled in more money than the entire US Bitcoin exchange-traded fund (ETF) market gained on Aug. 27. IBIT attracted $277.6 million during the trading session, while US spot Bitcoin ETFs collectively recorded $242.3 million in net inflows, according to Farside Investors data. That means BlackRock’s fund accounted for roughly 115% … Read more

A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%

A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin. The Nasdaq-listed company said 10 non-US investors would contribute 3,170 BTC in exchange for 51.62 million Class A shares and warrants covering another 51.62 million shares, according to an Aug. 27 SEC filing. The … Read more

Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin

Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin
Ethena is expanding USDe into equity perpetual-basis trades, targeting funding yields more than five times higher than Bitcoin’s as the synthetic dollar looks to recover from its 2026 contraction. On Aug. 28, Ethena revealed plans to extend the basis strategy behind USDe into equity perpetual futures, where open interest has surged to about $6.2 billion … Read more

Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise

Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data from CryptoSlate shows the largest cryptocurrency dropped to as low as $76,909 before recovering to $77,712 as of press time, down about 4% over the previous 24 hours. The retreat accelerated a broader crypto … Read more

Ripple moves to shrink XRP Ledger attack surface as AI audit tests lending push

Ripple moves to shrink XRP Ledger attack surface as AI audit tests lending push
Ripple is moving to shrink the XRP Ledger’s (XRPL) attack surface as it prepares to expand native lending. The company has recommended removing more than 10,000 lines of unused XChainBridge code while Lending Protocol V1.1 undergoes an AI-only security review through Sherlock’s Audit Engine. The parallel efforts come as crypto platforms face renewed pressure to … Read more

Crypto startups have 54 days left to shape the SEC’s proposed $75 million fundraising cap

Crypto startups have 54 days left to shape the SEC’s proposed $75 million fundraising cap
A US Securities and Exchange Commission proposal to create two crypto fundraising exemptions had drawn 31 posted public comments as of Aug. 27, plus one separately labeled meeting memorandum. With comments due Oct. 20, remaining commenters had 54 days to seek changes to the framework. The proposed exemptions would let eligible crypto ventures raise up … Read more

Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis

Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis
Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that puts both assets at the center of a renewed investor push for protection against currency weakness and mounting fiscal pressure. About $3.4 billion of this capital went into SPDR Gold Shares (GLD) while BlackRock’s iShares … Read more