Latest from Sam Reynolds
Telegram group at center of Jane Street insider-trading allegations in Terra collapse
Newly unsealed filings detail a private chat dubbed ‘Bryce’s Secret’ that Terraform’s estate says gave Jane Street an informational edge before UST’s collapse.

Non-dollar stablecoins are struggling to crack 0.5% of market share
Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them.

Bitcoin is falling, bond yields are rising. Yet BTC’s implied volatility, an uncertainty gauge, remains low.
BTC's implied volatility remains low despite the recent price selloff. Options specialist prefers a long straddle strategy in this scenario.

BSC’s quantum defense works. The trade-off is 40% slower transaction throughput.
BSC’s quantum-security test worked, but bigger transaction data slowed network throughput by about 40%.

Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad
The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain

A DeFi exchange becomes the first to offer equity perpetuals powered by Nasdaq data
The partnership underscores both the rapid growth of equity perpetuals in onchain markets and Nasdaq’s broader strategy to support tokenized equity trading infrastructure.

XRP and Solana funds attract inflows as bitcoin outflows hit nearly $1 billion
CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.

Bitcoin has shed $5,000 within days. ETF flows, derivatives say the selloff could worsen
Bitcoin has fallen about 6% from $82,000 to $76,800, and underlying data point to the drop being more than a routine pullback.

World Liberty Financial treasury company AI Financial warns that it may not survive the year in SEC filing
The former Alt5 Sigma marked its 7.28 billion WLFI tokens at $706 million, down from a roughly $1.46 billion cost basis, while disclosing that the holdings remain locked amid liquidity concerns.

Aave restores ether borrowing limits after $230 million exploit
The DeFi lending protocol reversed restrictions imposed after April’s $292 million exploit, restoring borrowing capacity across six networks as contagion fears ease.

