Bitcoin Traders Drop Crash Hedges Before Fed's Rate Decision
Downside protection is gone while $5B in upside options sits exposed to whatever the Fed delivers, and long-term holders are now the only wall under $64,000.
Every crypto post from the last 24 hours.
Downside protection is gone while $5B in upside options sits exposed to whatever the Fed delivers, and long-term holders are now the only wall under $64,000.
Event contracts pulled $156M versus $100M from crypto trading, a 38% YoY slide in token revenue, while overall net income climbed 48% to $573M.
The former Fed governor's read reframes the policy debate: with 42 days of market-driven tightening already in the tape, the FOMC's next decision is about validating or pushing back on the curve…
Earnings beat and a record $1.31B quarter were not enough to offset a 38% year-over-year drop in crypto trading revenue, setting a cautious tone for Coinbase's report Thursday.
A trillion-dollar single-session wipe is the kind of move that forces pension funds and retail alike to reassess how much equity risk they're still holding.
The corporate Bitcoin balance-sheet trade that minted Saylor-style equity premiums is unwinding fast, with one major firm sitting on $10B of paper losses and bracing for a $27B downside case.
The dissent is the signal: three FOMC voters wanted a hike at the same meeting the chair kept policy on hold, with the committee citing Middle East energy shocks as the reason inflation stays above…
A 78% haircut on a Goldman-issued structured note tied to Strategy (formerly MicroStrategy) crystallises the gap between equity-style upside bets and the credit risk underneath the bitcoin-treasury…
The mechanic only fires after a token bonds, so the lift is behavioural, not structural — and it tells you something about how Solana memecoin creators price the path to Raydium.
The Federal Reserve left its benchmark rate unchanged, extending the pause as inflation and labor data keep policymakers in a holding pattern ahead of the next move.
A sixth straight pause is the easy headline; the harder read is whether Chair Kevin Warsh uses the press conference to walk back forward guidance and the dot plot that markets have anchored to for…
Perps volume is migrating to chains built for speed, but Ethereum's deeper bet is becoming the settlement and collateral layer that backs them.
Treasury stocks trading below the value of their coins are supposed to be screaming buys. The catch is dilution: every new share printed to buy more BTC erases the discount.
The 29% FedWatch odds of a July hike look about right: the more useful signal is the 2-year yield pushing the Fed funds rate toward 4.25%, which is the level the market wants by December.
pcaversaccio becomes the EF's fourth board member, bringing SEAL911 co-founder credentials and a public privacy-advocacy track record to a body previously stacked with founders and counsel.
McInerney's 'not to pick winners' line keeps Visa neutral in a stablecoin race where it backs Open USD while USDC and USDT dominate settlement volumes.
The federally chartered digital asset bank says the proposed payment account would leave crypto-native banks under permanent scrutiny, not the level playing field Waller's framework promised.
A 0.14% sponsor fee and zero retained staking cut on MSSE and MSOL undercuts every major incumbent, while 16,000 advisers and $7.4T in client assets give the firm a distribution runway incumbents did…
When a top-tier US bank starts calling the death of banker hours, the signal isn't crypto-native, it's an institutional one: tokenized funds, stocks and ETFs are pulling mainstream investors onto…
For only the second time on record, 2-year yields pay more than the 3-month futures basis, and the entire off-chain stack reads downstream of that one spread.