Author: 行政
Here’s a hypothetical situation: a hedge fund is making money, but one of its exchanges is about to liquidate its position anyway. Bitcoin has fallen, its short position on CME is profitable, and the matching long on Hyperliquid is bleeding cash. The two trades were designed to offset each other, but Hyperliquid can’t use profits sitting at CME to cover the losses on its own books. The fund has to find more collateral before the exchange closes the position for it.Moving money between exchanges takes time, and during a downturn, withdrawals can slow down or stop altogether. The fund could…
Tokenized stocks eligible for the SEC’s September exemption must carry equivalent shareholder rights, yet their trading venues can operate outside key Regulation NMS protections. Investors therefore need to examine both what the share represents and how their order is priced and handled.Market-data provider Douro Labs asked SEC staff in an October 9 submission for provider-neutral principles to assess external price feeds and use them for dollar reporting. Douro contributes to Pyth Network and develops and operates Pyth Pro, giving it a commercial interest in the standards under discussion.The order requires venue disclosures and safeguards. FINRA-member brokers retain applicable best-execution duties…
US-listed XRP ETFs extended their inflow streak to 13 weeks as Bitcoin, Ethereum and Solana funds suffered nearly $1.25 billion in combined withdrawals during the week ended Oct. 9.Bitcoin ETFs recorded $681.1 million in net withdrawals, while Ethereum products shed $542.07 million and Solana funds lost $24.81 million, according to SoSoValue’s Bitcoin, Ethereum and Solana tables. XRP ETFs added $11.31 million, leaving the four groups with combined net redemptions of about $1.24 billion.The divergence ended three weeks of Bitcoin ETF inflows and Solana’s 14-week positive streak.Ethereum recorded its largest weekly outflow since January.Bitcoin buying loses momentum as Ethereum withdrawals deepenBitcoin’s…
Wall Street closes at 4 p.m., but apparently that’s becoming more of a suggestion than a rule.You can now spend the evening watching Netflix and making leveraged bets on American semiconductor companies while the exchange where their shares trade is closed.Crypto has spent years making financial markets available at every hour of the day, and now it’s extending the courtesy to stocks.The appeal of after-hours trading is easy to understand. In the past six months, we’ve seen some of the most influential and consequential announcements and decisions happen after market close, ranging from offhand comments from the US President to…
The decade-old vulnerability escaped years of security reviews and forced XRP Ledger (XRPL) developers to bypass established governance procedures.An AI agent uncovered a decade-old XRPL bug that could create trillions of XRP, prompting an emergency fix.The vulnerability could have let an attacker generate about 18 trillion XRP through a single payment transaction, roughly 180 times the cryptocurrency’s original 100 billion token supply, according to security firm Veria Labs.Veria founder Cayden Liao said the flaw potentially threatened XRP’s $94 billion market capitalization by undermining the cryptocurrency’s fixed supply.The vulnerability was reported on Sept. 22 and patched three days later. RippleX later confirmed…
Metaplanet sold 10,000 BTC and bought back 11,000 at a higher average price to show it was willing to sell its Bitcoin.The Japanese treasury company was pursuing a credit rating and better access to financing, and its Oct. 5 disclosure explained why turning coins into cash was part of that effort. Prospective creditors needed confidence that management could use its holdings to meet obligations, even if shareholders bought into the company because of those holdings.Proving the point was expensive, with Metaplanet receiving ¥124.7 billion from the sale and spending ¥149.9 billion on the subsequent purchase, paying roughly 9.3% more per…
Operators running the Bitcoin payment software BTCPay Server through its standard Docker deployment must explicitly select Tor at their next setup or update if they want to retain onion access. The change removes Tor from the automatically included components, making a previously bundled service an administrator’s configuration choice.BTCPay detailed the deployment change in its Oct. 5 announcement accompanying version 2.4.5. The official GitHub release page records the software release on Oct. 6. For existing installations, the relevant trigger is their next Docker setup or update. Related ReadingMalicious bots are actively probing exposed Bitcoin payment servers to steal master administrative keys…
Coinbase reported Oct. 7 that newer versions of three major AI model families caught fewer fraudulent payments and a smaller share of fraud value in a historical test of payment screening for its Onramp service, despite an unchanged decision policy. The findings challenge the assumption that upgrading a model improves an existing payment screener.The company’s evaluation replayed 16,140 transactions across 7,293 users, including 813 confirmed fraudulent transactions. The cohort covered nine weeks before its risk agent rolled out, retaining all matured fraud cases while sampling legitimate traffic.Each candidate reviewed recent transaction behavior under fixed guidance and the same policy for…
Bitcoin’s next recovery could vindicate your investment thesis but leave your leveraged fund deep in the red, because the fund’s daily reset can make waiting a pretty expensive habit.Getting Bitcoin right and actually making money on Bitcoin are becoming two different skills, especially now that Wall Street is preparing products for people who don’t find the ordinary version exciting enough.On Oct. 2, the SEC approved exchange-listing rules for proposed 3x Bitcoin and Ethereum funds from VS Trust. The approval brings them closer to trading, with the appeal captured neatly in the multiplier: more exposure to a market you already believe…
The Commodity Futures Trading Commission announced two actions on Oct. 9 seeking to clarify the federal regulatory boundary between prediction-market contracts and traditional gambling. It proposed expressly including sports and other event contracts in the definition of a swap, a category of financial derivative, while announcing a separate interim final rule to codify the exclusion of sportsbook and casino wagers.The event-contract proposal covers sports, politics, cultural events and weather-related outcomes. CFTC Chairman Michael S. Selig said these products fall within the agency’s exclusive jurisdiction under the Commodity Exchange Act.That classification matters because the products can look familiar to bettors. The…