Author: 行政
The US Treasury expects to borrow $739 billion from July through September while paying investors to hand back some of its older bonds. The pairing looks self-defeating because both transactions involve the same issuer. However, they are on separate ledgers and solve separate problems: auctions finance the government and create liquid benchmarks, while buybacks retire selected old issues or help Treasury manage its cash balance.Treasury’s Aug. 3 borrowing estimate assumes a $950 billion cash balance at the end of September, then projects another $628 billion of borrowing from October through December. Its August refunding statement authorized as much as $38…
Bitcoin HWI, a widely used interface for connecting wallet software to hardware signing devices, is moving toward retirement, while the Rust project its maintainer cited as a promising successor has not yet demonstrated a production handoff.The maintainer of Bitcoin Core’s Hardware Wallet Interface, or HWI, said on Aug. 18 that the project had effectively been in maintenance mode for years and had largely been a solo effort. HWI will no longer accept new devices or features beyond work needed for MuSig2. Once that work is complete, the maintainer expects to make a release that will likely be the project’s last,…
Delaware Life Insurance Company’s 2025 balance sheet took on a startling new shape when the insurer corrected its annual filing: roughly $17 billion of investments were classified as related-party holdings, about 39% of invested assets, versus roughly $1.4 billion and 3% in the earlier version.Clear Spring Life and Annuity Company made a separate correction of about $4.6 billion, taking the two revisions above $20 billion across companies connected to financier Mark Walter.Transactions with related entities are permitted under state insurance oversight, and the corrected labels say nothing conclusive about loan quality. They expose how a model built around private assets,…
Better Mortgage and Coinbase announced on Aug. 26 that Better’s token-backed conforming mortgage had reached general availability. Better’s product page says interested borrowers can start an application.The structure does not use Bitcoin to secure the primary mortgage. Instead, a homebuyer takes two loans from Better: a standard first mortgage on the home designed to conform to Fannie Mae guidelines, and a separate loan that supplies the cash down payment. The second loan is secured by pledged Bitcoin and a second lien on the property. Related ReadingHomebuyers can now borrow against Bitcoin to get a mortgage without selling or liquidation risk…
Deribit will remove its public Proof of Reserves page on Sept. 1, ending a daily check customers could use to verify balance inclusion and compare aggregate liabilities with published wallet holdings. Regulator-required reserve, reconciliation and audit controls will remain, but they do not provide the same daily public visibility.The exchange said the change reflects a wallet infrastructure overhaul during its integration with Coinbase. Deribit said roughly 90% of client assets have moved into Coinbase custody arrangements since Coinbase acquired the derivatives platform in August 2025. Its disclosures name Coinbase at the brand level but do not identify the specific Coinbase…
IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IREN’s AI cloud revenue.The company’s fiscal 2026 results, filed Aug. 27, show Bitcoin mining generated $578.2 million of IREN’s $707 million in annual revenue, or about 81.8%. AI Cloud Services contributed $128.8 million.That ongoing transition produced a $638.8 million non-cash impairment, primarily tied to decommissioning miners as data center sites were converted for AI workloads. IREN also reported a $702.6 million net loss, which was affected by the impairment and other items. The charge was not a…
Coinbase US500 futures reached a $100 million milestone, giving the exchange an early test of whether a crypto-native trading mechanism can travel into regulated US equity markets.The chart attached to Armstrong’s Aug. 28 post tracked trailing 24-hour matched volume after US500 began trading on Aug. 17. It ended at an annotated $104 million near Aug. 25-26, after lower readings across most of the contract’s first week.Coinbase product-page, roughly 15 hours after Armstrong posted, showed $7.22 million in 24-hour volume and $3.01 million in open interest. Funding was negative 0.0001%, with shorts paying longs.The data covers different rolling windows, so the…
HMRC has disclosed £1.38 billion in reported UK crypto gains, with just 240 investors accounting for more than half.The figures mark the first time HM Revenue & Customs has published crypto-specific Capital Gains Tax data, giving the agency a formal baseline before new reporting rules begin supplying it with information directly from crypto providers.For the 2024 to 2025 tax year, 17,600 individuals reported £13.8 billion of cryptoasset disposal proceeds and £1.38 billion of gains. Of that total, 240 people who each reported more than £1 million in gains accounted for £717 million.The data comes from a dedicated crypto section added…
Bitcoin Knots is preparing a Sunday rehearsal for a BLAKE2b fork after its previous breakaway BIP-110 chain stalled.On Aug. 29, Bitcoin developer Luke Dashjr told SHA-2 miners to stop mining ahead of an Aug. 30 test that would replace Bitcoin’s SHA-256d proof of work with BLAKE2b on the proposed breakaway network.Dashjr said Bitcoin Knots 29.4.1rc4 would establish the final SHA-2 block before the switch. If the rehearsal succeeds, a final 29.4.1 release could preserve the new chain on Sept. 1. However, problems would trigger another release candidate and a reset to the last SHA-2 block.The attempt comes three weeks after…
US-listed Bitcoin exchange-traded funds (ETFs) lost $201.9 million Friday, ending a nine-day inflow streak as Ethereum, XRP and Solana funds kept attracting cash.The reversal came as Bitcoin fell about 3.2% to $77,696 on Aug. 28. Meanwhile, Ethereum, XRP and Solana ETFs attracted a combined $145 million in net inflows.The split shows Friday’s weakness was concentrated in Bitcoin rather than across the US crypto ETF market. It does not establish that investors directly rotated from Bitcoin into other assets because fund-level data does not identify individual buyers.Notably, Bitcoin ETFs still finished the five sessions through Aug. 28 with about $924.5 million…