Research
DeFi
Why DeFi giant Aave is pulling the plug on six hyped blockchains making less than $5,000 a quarter
LlamaRisk would freeze new activity, redirect nearly all interest revenue to the treasury, and reserve stronger unwind levers for later.
ETF
The free ride for VanEck’s Bitcoin ETF is officially over after falling $1.4 billion short of growth target
The 0.20% sponsor fee applies after July 31, putting HODL level with BITB but one basis point above EZBC.
Earnings
Why a $20 billion Bitstamp slump makes Robinhood’s retail app look far weaker than it really is
Bitstamp volume fell 48% from Q1 to Q2, compared with a 25% decline on the Robinhood App. The App metric also began including WonderFi trades in June.
Liquidations
New Bitcoin study shows the strongest recurring liquidation warning signs cannot warn of an individual crash
The order-flow pattern stood out across six events, while two observations still overlapped ordinary-market conditions.
Debt
Dogecoin treasury firm borrowed $1.4M at 10.7% interest – promising repayment in CleanCore stock already pledged elsewhere
The $1.4 million unsecured note repays principal in 2.2273 million shares, with no disclosed release mechanism or price floor.
Digital Asset Treasuries
Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play
The approval creates financing capacity, not issued stock, and remains conditional on reorganization and related charter steps.
Digital Asset Treasuries
Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug
Enlivex pledged commercially reasonable efforts to hold the shareholder vote within 60 days, while the second $400 million remains optional.
Bankruptcy
Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback
The court kept the core clawback case alive but dismissed claims tying Binance to FTX’s collapse, leaving creditors without a guaranteed recovery.
Digital Asset Treasuries
How a PPE company’s highly publicized $32M Bitcoin strategy quietly expired without purchasing a single coin
The 45-day standby facility ended on its preset Oct. 9 date without settled shares, cash or a Bitcoin purchase.
ETF
Bitcoin ETFs just broke a brutal $500M losing streak, but the entire recovery is an illusion propped up by BlackRock
The $32.1 million turn ended four negative sessions, but every listed fund except IBIT was flat or negative.
AI
A cleaning company with just $4.1M in cash and a stash of Dogecoin just committed $500M to an AI mega-deal
From cleaning products and Dogecoin to an $800 million AI contract: Inside CleanCore's high-risk Minnesota ventures.
Digital Asset Treasuries
Down to its last $4,000 in cash, a crypto firm holding millions in Solana is seeking a loan to survive $1.5M debt
Borrowings reached £847,000 at period end, while an uncompleted lender switch is management’s preferred alternative to more asset sales.
