Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody. What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto
Key Takeaways The $10B Hyperunit whale closed $86.6M in Bitcoin shorts for $2.38M profit, Arkham reported. He still holds $140M in open shorts, profiting from US-China tariff volatility. A whale executing large perpetual positions on the HyperLiquid closed part of his Bitcoin shorts, totaling $86.6 million, for a $2.38 million profit, according to Arkham research.
Zypher has established a $7 million Ecosystem Fund to speed up the use of Verifiable artificial intelligence (AI) and protocol development. The fund will allocate 5 percent of the total amount of tokens sold of the Zypher token to grow the Zypher ecosystem and reinforce developer participation across the world. This project will make Zypher
The first wave of crypto ETFs allowed investors to onboard crypto assets into traditional brokerage accounts – and tax-advantaged retirement accounts. Given the long-term return potential of cryptocurrencies, that’s a win-win. But cryptos are still volatile. Last week’s $19 billion leveraged wipeout in bitcoin surpassed the wipeout at the Covid bottom in March 2020. And
Prediction market operator Kalshi is receiving investor offers valuing the company at more than $10 billion, according to a Bloomberg report. That valuation would make Kalshi one of the largest prospective valuations yet for a regulated event-trading platform. The offers come just weeks after Kalshi closed a $300 million round co-led by Andreessen Horowitz and
Veteran crypto trader Peter Brandt has taken to X (formerly Twitter) to provide a brief analysis of gold’s long-term performance while highlighting the many long and painful waiting periods that pro-gold advocate and Bitcoin critic Peter Schiff has had to endure over the years. The post, issued on Wednesday, October 22, saw Brandt take a
Nearly half of Russian citizens consider the digital ruble merely a tool for government control over their finances, and almost as many fear the new form of national fiat will hurt financial freedom, in general. Regular crypto usage is still relatively limited in Russia, which has yet to regulate it, although a fifth of the