Crypto
Coins, stablecoins and tokenized assets, and who ends up holding the risk.
Crypto tax bills move September 16. The wash sale date is June 8.
Ways and Means votes on six crypto tax bills September 16. The wash sale rule is dated June 8, and the staking deferral costs the capital gains rate.
Liquid Network lost 3,998 BTC to a bug already fixed on GitHub
A cache bug minted 3,998.5 L-BTC that no bitcoin backed. The fix was committed to the Elements repo on 3 August, and no tagged release carries it.
Bitcoin's best August since 2017 came off a 21-month low.
Bitcoin gained 24% in August, then held flat when US strikes hit Iran. The rally began at a 21-month low and the ETF money left on August 28.
NYDIG sold its trading desk for $42.5M. It kept 3 gigawatts.
BitGo's 8-K puts a price on NYDIG's institutional trading business: $42.5 million at closing. One megawatt of contracted AI lease revenue costs more.
Injective is an SEC transfer agent. Securitize has been since 2019.
The registration lets one company keep a securities ledger. It approves no token, and INJ rose 16.9% on a day ether rose 20.9%. Read the gap.
Ethereum staking hit a record 34%. Read why yields fell.
About 34% of all ETH is now staked, a record. The reward fell to a three-year low of 2.66%, and a live proposal would cut it again. See who pays.
Banks are tokenizing deposits to beat stablecoins. Read the gap.
Wells Fargo, JPMorgan and Citi each built a deposit token. None can move money between banks until 2027, and stablecoins already can. Here is the real fight.
Goldman paid $2.25B for a bitcoin income ETF. Read the yield.
Goldman is buying NEOS and its headline 27% bitcoin income fund. Over the past year that fund lost about 43% with every distribution counted.
Bitcoin volume hit a three-year low. Read the leverage under it.
Perpetual futures volume fell to a three-year low while open interest held high. More leverage per dollar traded, and July's tame CPI left the spring coiled.
Tokenized stocks traded $18.2B in July. Read what you own.
Tokenized stock volume hit $18.2B in July on a market holding about $2.2B. The token is a redemption claim on an issuer, not the share. Read who holds what.