Everyone has the perps convergence backwards
Perpetual futures, or “perps,” are the largest market crypto has built, and they are quietly reversing the story everyone tells…
Category: Financial
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the…
Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading.…
Rupee’s Six-Day Rally Could Give Indian Crypto Buyers a Hidden Advantage
The Indian rupee strengthened for a sixth consecutive session on Friday, closing at ₹95.35 against the US dollar, up 15…
India Just Injected ₹1.09 Lakh Crore Into States. Could Crypto Benefit?
India’s Union government has released an additional ₹1,09,019 crore ($12.5 billion) in tax devolution to state governments. The early transfer…
Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of…
Strategy holds STRC dividend at 12%
Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August. Led by Executive Chairman…
Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline
Digital Asset Acquisition Corp., the SPAC seeking to combine with the parent of regulated bank Old Glory Bank, postponed the…
Bitwise is liquidating six crypto option ETFs that offered 25% payouts while returning investors’ own capital
Friday, July 31, was the final trading day for six Bitwise option-income ETFs. Shareholders still holding shares as of Aug.…
Where are the Ethereum founders 11 years after the genesis block?
On July 30, 2015, the Genesis Block for the Ethereum protocol was mined. The chain has become the second most…