Hedge funds built a $1.2 trillion Treasury trade on money they have to keep borrowing
Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to make the return…
ESMA proposes ending EU custody and transfer services for non-compliant stablecoins
The European Securities and Markets Authority wants to extend Europe’s restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving…
Six US banks have failed in 2026 but the numbers look nothing like 2023
Six US banks have failed in 2026 so far, which is one more than in 2023 and enough to make another banking-crisis headline practically write itself. But before we start reliving Silicon Valley Bank, it’s worth looking at what those six banks…
Leveraged funds’ Bitcoin futures shorts fall by 5,300 BTC-equivalent as longs shrink
Leveraged funds’ reported Bitcoin futures shorts fell by about 5,300 BTC-equivalent in the week to Sept. 29, narrowing their net short even as their aggregate long exposure shrank. The Commodity Futures Trading Commission’s latest futures-only figures,…
New SEC crypto rules threaten small advisers, but big firms win
The US Securities and Exchange Commission’s proposed crypto custody fallback could broaden investment choices while making them easier for larger advisers to offer. The agency’s economic analysis says the expense of safeguarding assets and arranging…
Bitcoin’s $85,000 sell wall is gone and traders are now betting on $100,000
Bitcoin’s rally is approaching a $90,000 test as a rare accumulation pattern reappears and sell-side liquidity thins. On Oct. 2, Bitcoin registered an intraday high at $87,000 after buyers broke through a sell wall around $85,000 that had stalled several…
US factory costs spike, threatening Bitcoin’s rally above $85,000
US manufacturers reported more widespread input-price increases in September, raising a potential financing risk for Bitcoin if investors respond by expecting higher interest rates ahead of Friday’s jobs report. The Institute for Supply Management’s Oct.…
XRP is becoming collateral for real loans and the first market is already dominated by whales
XRP is beginning to support live dollar borrowing on Ethereum, though the market remains heavily concentrated among a handful of borrowers. A Morpho market backed by FXRP, a tokenized representation of XRP, had about 7.18 million RLUSD in outstanding…
New Bitcoin upgrade catches hidden key leaks hiding the exact fix
Bitcoin improvement proposal BIP461 could make a hidden route for leaking wallet secrets easier to detect. The draft defines a common signing procedure for ECDSA, an existing Bitcoin signature scheme. Independent compliant signers should produce…
Bitcoin drops to $82,000 on US data, and inflation fear is blamed
US job openings cooled modestly in August, but September households grew more worried about inflation and interest rates. That split left Bitcoin investors with only part of the case for easier financial conditions after Sept. 29 releases. Bitcoin…