Deribit Ends Daily Proof-of-Reserves Checks on Sept. 1
The page going dark does not mean reserves disappeared, but it does strip the one piece of evidence retail and institutional clients could check every day, just four years after FTX.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The page going dark does not mean reserves disappeared, but it does strip the one piece of evidence retail and institutional clients could check every day, just four years after FTX.
The $3B gap between operating and contracted AI cloud revenue is the bull case the market has to underwrite. Financing costs of up to 9% don't pause while delivery slips.
Exchange deposits can increase BTC supply available for sale, turning $80K into a test of whether demand can absorb it.
The reversal took only 6.6% off the cumulative nine-session haul, and ETH, XRP and Solana ETFs collectively added $145M the same day, leaving broader weekly demand still positive.
Warsh's 54% PCE breadth measure reframes the policy test: Bitcoin can ride ETF flows through the volatility, but only durable demand beyond BlackRock's IBIT will clear the bar.
The review reaches beyond any single application, asking whether the fast-track pathway that helped ETF AUM triple can carry products whose payoff mechanics bear no resemblance to a diversified index…
A 1,516-person BPI survey puts 'digital gold' near the bottom against control, $10 entry points, and Fidelity-style access.
Six of seven miners fell during a 21.5% BTC rally, and a two-year beta analysis confirms the decoupling is structural.
Friday's Deribit expiry cleared roughly $6.44B in BTC options and removed the positioning that had anchored price near $80K. With ETF demand offline for the weekend, the next test is $77K.
$13T Schwab is not just naming picks; it is also adding Solana, Avalanche, and Chainlink trading to its retail crypto platform, the clearest signal yet that altcoin infrastructure is going mainstream…
A nine-day ETF inflow streak worth $242M and 57.8% BTC dominance show where the bid is concentrated ahead of the Fed's signal moment of the year.
Kevin Warsh's first Jackson Hole redrew the rate path. Markets flipped from pricing a September hold to a hike, and his history of pushing for balance-sheet reduction puts a QT restart on top of…
UK crypto tax just produced its first clean dataset, and the OECD's 2027 auto-reporting turns those nudge letters into the warm-up act for full cross-border surveillance.
The Q4 print forces the market to price the gap between $4B in contracted AI cloud run-rate tied to 2026 capacity, of which only $1B is live, and a $684M net loss tied to mining hardware write-downs.
The miss crystallises the trade-off in bank-issued crypto structured notes: ETF-style upside with an exit governed by contract, not fund liquidity. Liquidity now means whatever a dealer will price.
Most of the $6.4B in open interest was written against a sub-$70K backdrop before the 20% rally, so the post-expiry positioning distribution is what traders will read next.
Five of six wallets sent coins to non-exchange addresses, and Galaxy data shows 2026 dormant-BTC movement is on pace for under half of last year. Less supply pressure, not more.
The divergence makes relative demand the key read, giving ETH the firmer near-term flow signal.
Bitcoin slid to $78,700 as the Fed chair put 65 months of above-target inflation squarely on the central bank and signalled no cut is coming until the bar is cleared.
The crypto signal came from the Jackson Hole agenda, not the chair. Warsh's address reaffirmed the inflation fight and warned markets against front-running Fed speeches for trade signals.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Deribit Ends Daily Proof-of-Reserves Checks on Sept. 1" — read at /en-US/a/deribit-ends-daily-proof-of-reserves-checks-on-sept-1.