Latest from Sam Reynolds
Hyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freeze
Traders lean into supply compression stories in altcoins as Hyperliquid ramps up token burns and Jupiter freezes new emissions, even as bitcoin churns between $60,000 and $69,000 with muted flow.
Polymarket bettors appear to have insider-traded on a market designed to catch insider traders
At least 12 wallets collectively made over $1 million betting on the outcome of ZachXBT's investigation before the findings went public, with one trader turning a $0.14 average entry on shares into $411,000 in profit.
Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics
While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech acquirers have relied on for years.
World Liberty Financial ties voting power to staking as USD1 supply tops $4.7 Billion
The proposal redirects stablecoin arbitrage from institutional market makers to large token holders and links voting rights to capital commitment.
Bitcoin touches $70,000 before fading as altcoins lead the strongest bounce in weeks
Ether, solana, and cardano all outpaced bitcoin on the day, suggesting a rotation into higher-beta tokens as forced selling from the February crash begins to clear.
Uniswap’s UNI jumps 15% as governance vote to expand fee switch gains momentum
A governance proposal would activate protocol fees across eight additional chains and automate fee collection on all v3 pools, potentially adding an estimated $27 Million in annualized revenue.
Vitalik Buterin sold 17,000 ETH this month as ether fell 37%
The Ethereum co-founder's tracked wallets dropped from 241,000 ETH to 224,000 ETH in February, with sales routed through CoW Protocol in small batches to limit market impact.
Crypto firm with U.S. bank charter holds bitcoin holder Strategy's preferred stock
Anchorage Digital, the first federally chartered U.S. crypto bank, has added perpetual preferred stock in bitcoin treasury firm Strategy to its balance sheet.
Bitcoin's price discovery is moving to Chicago
CME’s shift to nonstop derivatives access may accelerate institutional migration away from traditional crypto exchanges, according to the Chief Commercial Officer of XBTO.
Jane Street faces claims of insider trading that sped up Terraform's 2022 collapse
Jane Street has denied the allegations as a "desperate" and "baseless" attempt to extract money.
