Bitcoin, Ethereum, DeFi, and the regulation reshaping digital finance. From on-chain data to exchange news, we cover what's moving crypto markets today, without the noise.
TradFi perps volume surges 117-fold to $387B in 18 months as crypto exchanges eat Wall Street’s lunch
Traditional finance perpetual futures volume on crypto exchanges increased 117-fold to $387 billion over 18 months. This growth reflects traders' migration toward decentralized exchanges offering round-the-clock trading of traditional assets.
Bitcoin miners sell 28,000 BTC worth $2B amid rising costs
Bitcoin miners sold 28,000 BTC valued at approximately $2 billion as operational costs increased. This selling activity reflects a broader strategic shift toward artificial intelligence and data center operations.
Tether Announces Audit by KPMG, Reports Positive Opinion from Auditor
KPMG US issued a positive audit opinion on Tether following a complete review of the company's financial reserves. This addresses long-standing questions about whether sufficient assets back the USDT stablecoin, the leading digital asset in the stablecoin sector.
Tether Clears First Full Audit From KPMG Without Publishing the Statements
Tether received an unqualified audit opinion from KPMG for its 2025 accounts under AICPA standards rather than PCAOB standards. The company has not published either the audit statements or the opinion letter from the Big Four firm.
XRP Defends $1 by a Cent Since CLARITY Act Slipped. Now CFTC Steps In
XRP has remained near $1 after the CLARITY Act was delayed to September, following a peak when the House initially passed the bill. The CFTC is now intervening in the regulatory situation surrounding the cryptocurrency token.
White House Plans Crypto, Prediction Market Summit Next Week
The White House will host a summit with cryptocurrency and prediction market executives next Wednesday. Traditional finance executives may attend, with regulators scheduled to meet many of the same participants the following day.
Tether Finally Completes Independent Audit of Reserves With KPMG
Tether completed an independent audit of its reserves with KPMG, a Big Four accounting firm. The stablecoin issuer had previously struggled for years to secure such an audit from a major accounting firm.
Crypto Trading Model GSR Cuts Its Bitcoin Allocation to 17%, Bets Big on Solana
GSR's Core3 trading model reduced Bitcoin allocation to 16.9% while increasing Solana to 43.6%, making Solana its largest weighted position. The shift was driven by short-term trading signals that favored SOL over BTC.
Ethereum L2 and Arbitrum Tech enabled Robinhood Chain Records Steady Increase in Daily Transactions
Robinhood Chain, an Ethereum Layer 2 network using Arbitrum technology, processed an average of 11.6 million daily transactions in its most recent full week. This transaction volume represents a new record for the network.
Bitwise cuts 14% of staff while still expecting growth
Bitwise cut 14 percent of its staff while maintaining growth expectations. The company joins other crypto firms like Coinbase and Robinhood that have announced layoffs this year due to market conditions and shifts toward artificial intelligence.