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Adaptive Funding Models Reflect a New Era of Exchange Agility

As volatility stays elevated and derivatives markets continue to evolve, the ability to adjust funding parameters in real time has become a defining test...

U.S. Shutdown Delays ETF Approvals but Sets Stage for Post-Rally Acceleration

We view the ongoing U.S. government shutdown as a temporary regulatory hiccup that has stalled SEC reviews on at least 16 pending crypto ETF...

SEC’s “Innovation Exemptions” Could Redefine U.S. Crypto Regulation

We view the SEC’s proposed “innovation exemptions” as a pivotal step toward creating a more balanced and innovation-friendly regulatory landscape in the U.S. crypto...

No altseason for you, said the expert

The magical altseason you’ve been daydreaming about? Probably not coming anytime soon. Vugar Usi Zade, the operating chief of Bitget, one of the planet’s...

Divergence in Crypto Equities Highlights Shift Toward Active Strategies

We’ve been closely tracking the widening divergence in crypto-related equities, where traditional treasury holders, such as MicroStrategy and Metaplanet, have struggled, with shares down...

Nasdaq Bets on Tokenization: The Future of Trading Is Hybrid

Nasdaq’s plan to list tokenized securities on its main market by 2026 could be a turning point for finance, boosting liquidity, accessibility, and efficiency. By...

Is Crypto’s Strategic Pause Ahead of CPI Data

The current hesitation in crypto relative to equities reflects a measured response to heightened macro uncertainty. Waning speculative positioning and put-skewed risk reversals point to...

Interpreting Powell’s Signals and Macro Environment

We view Powell’s Jackson Hole speech as reinforcing a data-dependent approach, rather than a firm commitment to sustained monetary easing, with the Fed prioritizing...

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