A $48 billion Bitcoin leverage trap is about to trigger a massive forced exit the moment price boundaries break

A $48 billion Bitcoin leverage trap is about to trigger a massive forced exit the moment price boundaries break
Bitcoin’s calm near $62,941 masks a split in Bitcoin futures positioning: either a downside break or an upside breakout could gain speed from forced trades. At 09:30 UTC on Aug. 15, CoinGlass showed $47.88 billion of Bitcoin open interest, $38.49 billion of 24-hour futures volume and $2.234 billion of spot volume. Futures turnover was 17.23 … Read more

Record user activity and a collapse in whale selling should send XRP soaring, so why is it still pinned at $1?

Record user activity and a collapse in whale selling should send XRP soaring, so why is it still pinned at $1?
XRP is back near $1 even as network activity rebounds, whale deposits to Binance collapse, and derivatives exposure builds near recent lows. The token fell to about $0.98 this week before recovering toward $1, according to CryptoSlate data, extending a retreat that has erased much of its May rally. Crowd commentary around XRP simultaneously reached … Read more

Why accepting crypto payments over €1,000 on Bitstamp can reportedly freeze your assets starting tomorrow

Why accepting crypto payments over €1,000 on Bitstamp can reportedly freeze your assets starting tomorrow
Bitstamp’s new deposit rule will automatically reject crypto deposits exceeding €1,000 from third-party self-custody wallets starting Aug. 18. The notice targets wallets owned by someone other than the Bitstamp account holder. It says deposits from other exchanges will not be affected, and it does not describe a blanket block on customers moving assets from their … Read more

How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delisting

How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delisting
Greenlane Holdings is a Nasdaq-listed company holding about 81.3 million BERA and BERA-equivalent units. Its token treasury ended the second quarter valued at about 77% below cost. A stayed Nasdaq rule could eventually expose the company to a $5 million listing test with no ordinary cure period. At June 30, the treasury’s $70.2 million cost … Read more

Wall Street finally turned staking into a dividend, now Ethereum and Solana want to shrink it

Wall Street finally turned staking into a dividend, now Ethereum and Solana want to shrink it
Grayscale’s July 17 SEC filings said its Ethereum and Solana staking ETFs would convert staking rewards to cash and distribute them to shareholders at least quarterly, with the changes expected around Aug. 7. Solana and Ethereum are each weighing protocol changes that would reduce that income at the source. Solana developers want to accelerate disinflation … Read more

Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation

Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation
The Office of the Comptroller of the Currency (OCC) gave World Liberty Financial, a DeFi venture associated with President Donald Trump, preliminary conditional approval to charter a national trust bank built around its roughly $4 billion USD1 stablecoin. World Liberty Trust Company would eventually handle USD1 issuance and reserve custody directly, moving both under federal … Read more

Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10%

Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10%
President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White House next week as the industry’s biggest legislative priority faces dwindling odds of becoming law this year. According to reports, the Aug. 19 gathering is expected to include executives from Coinbase, Andreessen Horowitz, … Read more

Strategy tells MSCI ‘Bitcoin doesn’t need you’ as $2.8 billion index risk hangs over MSTR

Strategy tells MSCI ‘Bitcoin doesn’t need you’ as $2.8 billion index risk hangs over MSTR
Strategy faces a renewed threat of removal from major MSCI equity indexes under a broader screening proposal that could trigger an estimated $2.8 billion in passive selling. MSCI opened a consultation this month on rules designed to identify “non-operating companies” through their financial statements. The firm noted that applying the proposed methodology to the MSCI … Read more