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Grayscale’s leverage stress test reveals basis trade unwinds – not macro selling – futures positioning cleansed

Althea Burnett2 months ago5 min read

Bitcoin basis trade unwind clears futures positioning Grayscale’s latest stress-test framing points to a basis trade unwind rather than broad macro selling, with futures positioning now…

Sky’s $6B Pendle bet overlooks 30‑day outflow in underlying stablecoin pool

Wyatt Newson2 months ago5 min read

Sky’s Pendle bet lifts $6B pool as outflows linger Sky’s new fixed-yield product on Pendle is aimed at a $6.16 billion sUSDS pool, but the underlying…

Layer 2s quietly consolidate as general-purpose chains lose institutional backing

Ethan Glober2 months ago6 min read

Layer 2s Consolidate as Base and Arbitrum Gain Share Layer 2s have entered a consolidation phase in 2026, with Base and Arbitrum capturing the bulk of…

Tom Lee’s $250K target ignores retail liquidity draining from exchanges

Cabel Dioli2 months ago5 min read

Tom Lee’s $250K Bitcoin target runs into exchange liquidity drain Tom Lee’s recurring $250,000 Bitcoin target is colliding with a tighter near-term supply picture as available…

Ethereum layer-2 transaction volume hits 30-day high

Bitro Conwell2 months ago5 min read

Ethereum L2 transaction volume hits 30-day high on Base surge Ethereum layer-2 transaction volume rose to a 30-day high as activity across the scaling ecosystem accelerated,…

Quantinuum stock rises 13% in $1.68 billion IPO debut

Daniel Lycon2 months ago5 min read

Quantinuum stock rises 13% in $1.68 billion IPO debut Quantinuum stock rose 13.3% in its Nasdaq debut on June 4, pricing at $68 after the Honeywell-backed…

160 officials plead for CLARITY as Senate return narrows crypto’s legislative window

Coinan Porter2 months ago5 min read

CLARITY Act gets push from 160 former US officials A group of 160 former national security and law enforcement officials has urged Senate leaders to advance…

Whale’s $30M ETF exit preceded drop – large holder positioning diverged from retail flows

Cyrus Dailey2 months ago5 min read

Whale’s $30M IBIT Exit Came Before Bitcoin’s Drop An institutional seller paid nearly $30 million to exit BlackRock’s iShares Bitcoin Trust in a single block trade…

Strive’s $4.2B Bitcoin war chest leaves retail accumulation in the dust

Althea Burnett2 months ago5 min read

Strive’s $4.2B Bitcoin war chest signals bigger treasury bid Strive said this week it plans to expand two at-the-market financing programs by a combined $4.2 billion…

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