Persistent outflows from spot Bitcoin ETFs are testing more than investor sentiment. As institutional …
Liquidity
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Europe’s Markets in Crypto-Assets Regulation has entered a new phase, reshaping how exchanges, stablecoin …
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Macro & PolicyMacro & Market Structuremarketsnews
When Valuation Loses Its Anchor: Reframing the Buffett Indicator
by Main Deskby Main DeskThe Buffett Indicator compares total market capitalization to GDP, offering a long-term view of …
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Policy & RegulationmarketsMarkets & Flowsnews
Europe Just Forced the First Major Stablecoin Market Share Battle
by Main Deskby Main DeskFor years, stablecoin dominance was determined by liquidity, adoption, and exchange support. Europe’s MiCA …
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Market Structure & FinancializationmarketsnewsRegulation
Coinbase and Kalshi Signal a New Era for Regulated Crypto Perpetual Futures
by Main Deskby Main DeskRegulated perpetual futures may mark the next stage of crypto’s integration into U.S. financial …
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Crypto InfrastructureMarket Structure & Financial Infrastructurenews
When Distribution Gets Priced Before Usage: The TON Disconnect
by Main Deskby Main DeskTON’s recent surge reflects a shift in crypto valuation models, where distribution potential is …
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Market Structure & Liquidity Architecturemarketsnews
The New Liquidity Core: How Private Trading Firms Became the Market’s Operating Layer
by Main Deskby Main DeskAs regulatory constraints reshaped bank activity, liquidity provision migrated to private trading firms. Citadel …
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Market Structure & Liquidity ArchitecturemarketsnewsRegulatory Infrastructure
The Participation Paradox: Why Open Markets Must Eventually Close
by Main Deskby Main DeskPrediction markets depend on openness to function, yet growing participation introduces influence that can …
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