CFTC syncs with SEC on crypto collateral haircuts: 20% for BTC/ETH, 2% for payment stablecoins

CFTC staff’s new FAQ aligns crypto collateral haircuts with the SEC: 20% on bitcoin and ether, 2% on payment stablecoins. Here’s how that reshapes derivatives collateral strategy.

VanEck flags cooler long‑term holder selling as miner sales stay steady despite profit squeeze

VanEck’s latest report points to slower long-term holder distribution while miner sales hold steady despite declining profitability—an arguably constructive Bitcoin supply setup.

A 2,100 BTC Awakening: 2012 Wallet Shifts $148M After 13 Years of Silence

A 2012-era Bitcoin wallet moved 2,100 BTC—worth $13,685 then and about $148M now. What this “wake-up” likely signals about custody, liquidity, and market psychology.

BitFuFu pivots toward cloud mining as costs rise, revenue mix tilts, and earnings turn negative

With Bitcoin mining costs surging, BitFuFu is shifting deeper into cloud mining. The revenue mix is changing and profitability flipped to a loss, reshaping its risk profile.

The Daily: VanEck says slowdown in bitcoin long-term holder selling signals ‘potentially constructive’ trend, Gemini hit with investor lawsuit, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ]]>

Bitcoin Climbs as Oil Reverses; Prediction Markets Enter Prime Time

Bitcoin rebounds to $70.4k as oil cools. MLB taps Polymarket, Kalshi targets a $22B valuation, and Myriad closes seed—signaling prediction markets’ leap into mainstream finance.

Steady Bitcoin, Nervous Options: VanEck Flags Costly Downside Hedges Near $70K

Bitcoin’s realized volatility fell from 80 to 50 while price steadies near $70K, yet VanEck notes $685M spent on puts and a put/call ratio up to 0.84—levels that often precede recoveries.

Bitcoin’s Likely Path If Bank of America’s Three Triggers Force Fed Rate Hikes

Bank of America laid out three triggers for Fed hikes. Here’s how energy shocks, ETF flows, and leadership shifts could hit Bitcoin first—and why it might later regain momentum.

Altcoin Liquidity Dries Up 80% as Risk Stays Concentrated in Bitcoin

Altcoin spot volume has collapsed 80% since October 2025. With macro tighter, BTC near $70.4K, and “alt season” odds at 9%, rotation looks narrow and thesis-driven.

Bitcoin Reclaims $71K as Bessent Weighs Iran Oil Waivers and a New SPR Draw

Bitcoin bounced above $71K as U.S. Treasury chief Scott Bessent floated easing Iran oil sanctions and tapping the SPR, with Brent at $119 and Hormuz risks reshaping crypto’s macro linkages.