Author: 行政
Why a sudden 5,500 BTC drop in leveraged short positions failed to deliver the bullish confirmation Bitcoin traders wanted
Leveraged funds’ combined net bearish position across CME’s standard and micro Bitcoin futures narrowed by 5,566.5 BTC-equivalent between July 21 and July 28.The Commodity Futures Trading Commission’s futures-only report, released at 3:30 p.m. ET on Friday, July 31, captured positions as of Tuesday, July 28. It showed asset managers moving the other way: their combined directional net weakened by 2,204.3 BTC-equivalent over the same week.The split in the numbersThe two groups remained on opposite sides of the market after those changes:Trader groupJuly 21–28 change in directional netJuly 28 directional netLeveraged funds5,566.5 BTC less net bearish33,712.3 BTC net shortAsset managers2,204.3 BTC…
Donald Trump releases the $1.2 million data feed that lets Wall Street front-run his market-moving policy announcements
On April 9, 2025, Donald Trump told his Truth Social followers that it was “a great time to buy,” then announced a 90-day pause on many of his new tariffs a few hours later. The S&P 500 finished the day 9.5% higher, Bitcoin gained more than 5%, and crypto traders holding short positions lost $374 million as markets repriced a policy change delivered through the president’s social-media account.The chain of events drew calls for an investigation into whether anyone had traded with advance knowledge, but it also revealed a deceptively simple but potentially very lucrative commercial opportunity. When one account…
Funding stock buybacks by selling your primary reserve asset is a dangerous game, but Lite Strategy just pulled it off without using a dime of debt
Lite Strategy, a Nasdaq-listed company that holds Litecoin as its primary reserve asset, spent about $5.4 million repurchasing roughly 4.9 million shares through July 17. The company funded the purchases with an undisclosed mix of LTC sales and covered-call premiums.The transaction shrank Lite Strategy’s reported Litecoin holdings but appears to have lifted LTC backing per outstanding common share by about 1.7%.In a July 30 filing, the company said it paid an average of $1.11 and retired about 13% of the shares outstanding when the program began, without using debt. It reported 819,070 LTC and 31,882,648 outstanding common shares as of…
Bitcoin ETFs just bled $265M in a brutal 24 hours, and Ethereum’s supposed rescue is another BlackRock illusion
U.S. spot Bitcoin funds posted net outflows of $265.4 million on July 31, reversing a $233.1 million inflow the previous session. Ethereum showed a $9 million net inflow, but only because BlackRock’s staked Ethereum fund drew more than the group gained overall.Every Bitcoin product displayed in Farside’s July 31 table was flat or negative. BlackRock’s IBIT lost $122.7 million, Fidelity’s FBTC lost $54.8 million, and Grayscale’s GBTC lost $52.6 million. BITB and ARKB lost another $17.8 million and $17.5 million, respectively. Related ReadingBitcoin ETFs just broke a brutal $500M losing streak, but the entire recovery is an illusion propped up…
Bitwise is liquidating six crypto option ETFs that offered 25% payouts while returning investors’ own capital
Friday, July 31, was the final trading day for six Bitwise option-income ETFs. Shareholders still holding shares as of Aug. 3 face automatic cash redemption rather than an exchange sale.The Bitwise Funds Trust board voted June 30 to liquidate ICOI, IMRA, IMST, IGME, ICRC, and IETH, according to an SEC prospectus supplement.The products use option-income strategies tied to Coinbase, Marathon Digital, Strategy, GameStop, Circle, and Ethereum. The funds were set to stop accepting creation and redemption orders after the July 31 close.Bitwise’s corrected timetable puts the final net asset value calculation on Aug. 7 and expects proceeds to reach investors…
How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders
An investor who owns Bitcoin through a brokerage account can finish work on Friday, check the closing price of a spot ETF, and assume the position is done moving for the week.Bitcoin, however, has other plans.Between Friday’s close and Monday’s opening bell, Donald Trump can announce a tariff, a war can escalate, oil can jump, a bank can fail, or a government can change the outlook for inflation and interest rates. Bitcoin processes each development across global exchanges while US-listed ETF shares remain outside their normal session.So when Wall Street finally reopens, the fund doesn’t resume where it finished: its…
Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline
Digital Asset Acquisition Corp., the SPAC seeking to combine with the parent of regulated bank Old Glory Bank, postponed the shareholder vote on the deal to 10 a.m. Eastern Time on Aug. 14 from July 31.The original meeting date fell two days after the stated July 29 redemption deadline. DAAQ said in a July 31 filing that it would continue soliciting proxies but gave no reason for the delay.The postponement did not automatically reopen redemptions. DAAQ’s final prospectus says investors could withdraw a redemption request through the deadline and afterward only with the company’s consent before closing. The filing does…
One public crypto firm just staked its way to breaking even, but a $50M paper loss and 66% dilution threat tell a darker story
Stablecoin Development Corporation, a public company built around holding and staking Sky Protocol’s SKY governance token, reported that $2.2 million of second-quarter staking revenue roughly matched its company-defined cash operating expenses.The comparison used reported dollar values: SDEV received the rewards in SKY and sold none during the quarter, meaning SDEV would need to sell tokens before using the rewards to pay operating costs.SDEV calculated cash operating expenses, a non-GAAP measure, by subtracting about $3.2 million of noncash stock compensation from $5.4 million of general and administrative expense. The result was approximately $2.2 million. The company earned 31.7 million SKY during…
Moonbeam just halted all user transactions, leaving late GLMR holders at mercy of an email helpdesk to recover funds
Moonbeam’s standard GLMR migration window closed last night at 23:59 UTC (July 31), as its Polkadot network moved into an operational wind-down ahead of a relaunch on Base.The cutoff ended the standard route for self-custodied free balances, while exchange holdings, frozen balances, and protocol positions remained subject to separate handling. Related ReadingLatest bear market victim shows how quickly DeFi users are left behind when crypto projects move onSwell warned users to bridge out by June 23, turning a planned L2 shutdown into a test of user exit procedures. Jun 24, 2026 · Liam ‘Akiba’ Wright The official migration locked GLMR…
A major Japanese Bitcoin mining pool just pulled the plug on its Bitcoin service just as 3 mega-miners claimed 60% of the network
By the time SBI Crypto pulled the plug on its Bitcoin pool in Japan on July 31, its seven-day average hashrate had fallen 64% in a month. Later that day, a Hashrate Index reading put Foundry USA, AntPool and F2Pool at 60% of recent blocks. The timing makes them look connected. Weekly data tell a messier story. Related ReadingA rare Bitcoin reorg just showed why six confirmations may not guarantee a final paymentA rare two-block reorg and the rise of a dominant mining pool are reviving the question of how “irreversible” is a Bitcoin payment. Mar 25, 2026 · Gino…