Latest from Sam Reynolds
Bitcoin ETFs See $536 Million in Outflows as BTC Wilts Below $110K
The largest daily redemption since August reflects shifting sentiment after a record-breaking summer for ETF inflows and a growing link between macro risk, derivatives positioning, and bitcoin price action.
'Non-Productive' Gold Zooms to $30T Market Cap, Leaving Bitcoin, Nvidia, Apple, Google Far Behind
Investors are increasingly pouring money into non-productive gold, raising alarm for the global economy while BTC lags behind.
Asia Morning Briefing: Are Crypto Traders Ready for a Gold Market?
Data from Hyperliquid shows that the market has been caught flat footed in an environment where gold outperforms BTC.
Visa Says It Wants to Build the Rails for Lending in ‘Onchain Finance,’ Its New Name for DeFi
The payments giant’s latest report rebrands decentralized finance as “onchain finance” and positions Visa as the data and custody layer connecting banks to a $670B stablecoin credit market.
Bitcoin Holds Near $111K as Traders Weigh China Retaliation, Risk Appetite Cools
Analysts note that Bitcoin’s correlation with gold is at a multi-year high of 0.9, reinforcing the “digital gold” narrative as both assets move in tandem during geopolitical shocks.
Paxos Fat-Fingers $300T of PayPal Stablecoin, Outpacing USD's $2.4T Supply
The supply deluge was quickly reversed with burn mechanism.
Asia Morning Briefing: QCP Says Global Liquidity, Not Fed Cuts, Is Powering the Market
QCP Capital’s latest note says global markets are pivoting from rate sensitivity to liquidity dependence.
Crypto Treasury Firms Keep Buying Bitcoin. Outperforming ETFs Is the Hard Part
The boom in corporate bitcoin buyers highlights how fast DATs are scaling. But their model is fragile when outperformance depends on premiums, converts, and cheap debt.
LuBian Wallet Moves Over $1B in BTC After 3 Years of Inactivity: On-Chain Data
A wallet linked to the hacked LuBian Bitcoin mining pool moved 9,757 BTC, worth $1.1 billion, after three years of inactivity.
Bearish BTC Sentiment Persists Despite Powell’s Signal That 'QT' May Be Nearing End
The Fed's quantitative tightening, which began in 2022, has reduced the balance sheet from $9 trillion to $6.6 trillion.
