Latest from Sam Reynolds
Nevada Just Shattered Prediction Markets’ Favorite Theory in Kalshi Ruling
Nevada’s ruling says sports outcome contracts on a federally regulated exchange are not swaps, opening the door for state gambling laws to apply.
Asia Morning Briefing: Asia Wakes Up to an AI BTC-Nvidia Tailwind That’s Already Starting to Sputter
Yesterday’s Amazon-driven risk rally is colliding with a sharp wobble in Nvidia, putting the AI-BTC-beta trade that lifted crypto back under scrutiny.
Monad’s Debut Shows Why FDV Forecasts Broke as Bitcoin Fell
Monad’s listing illustrates how low-float launches can anchor valuation even when macro conditions point in the opposite direction, leaving traders mispricing outcomes that hinge more on supply than on sentiment.
Asia Morning Briefing: BTC Steadies as Polymarket Traders Lean Toward December Rate Cut
Rising odds of a Fed pivot helped calm crypto markets, while QCP and Glassnode point to a reset in leverage, fading sell pressure, and early signs of a bottoming structure as traders hedge both downside and late-year upside.
Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report
Thailand-based Bitkub is considering an IPO in Hong Kong to raise approximately $200 million.
DOGE Beats the Blue Chips as D.O.G.E Calls It Quits
DOGE – the memecoin – edged past the CoinDesk 20 and the CoinDesk memecoin index as the White House announced Elon Musk's government efficiency initiative is to shutter.
Bitcoin ETFs, Led by BlackRock's IBIT, See Record $40B Trading Volume as Institutions Capitulate
The U.S.-listed spot bitcoin ETFs saw a record $40 billion in trading volume last week, with IBIT leading the way.
Japanese Bitcoin Treasury Firms Keep Beating BTC. Tax Policy Makes Outperforming U.S. Peers the Easy Part
While U.S.-listed bitcoin treasury firms struggle to outperform ETFs, Japan’s harsh crypto tax code sends investors into DAT stocks, making outperformance easy.
Yen Slump Is Bullish for BTC and Risk Assets. Or Is It?
Historically, yen weakness has been linked to risk-on sentiment. However, this narrative now appears challenged against the backdrop of Japan’s mounting fiscal strains.
BTC Falls Toward Mid-$80Ks as Market Structure Weakens Into Year-End
FlowDesk flags sustained sell pressure from old wallets, QCP notes a sudden hawkish Fed repricing, and Deribit data shows downside positioning now dominating.
