The S&P 500 blew past 6,500 on April 1, tacking on roughly 100 points in a single session. The engine behind the move wasn’t just strong earnings or renewed investor confidence. It was the options market, where a torrent of call buying triggered a textbook gamma squeeze that forced market makers to keep buying stocks…
USDC users are again asking whether Circle should offer a clearer recovery process for mistaken token transfers. Summary USDC users are questioning Circle’s recovery options after claims of mistaken transfers to inaccessible contracts. Tether’s official recovery page says some mistaken USDT deposits may be reviewed case by case. Tether freezes far more stablecoin value than…
SpaceX is targeting May 19 for the inaugural flight of its Starship V3, a significantly upgraded version of the largest rocket ever built. Liftoff is planned for approximately 22:30 UTC from Starbase Pad 2 in Boca Chica, Texas, pending final preparations. This will be the 12th overall Starship flight, but the first to use the…
Jump Crypto’s Firedancer has entered production on Solana mainnet and is now producing blocks, according to a CoinDesk report. Summary Firedancer has started producing Solana mainnet blocks after years of development by Jump Crypto engineers. Jump Crypto says validators should not switch at scale before full security audits are completed. The rollout adds client diversity…
Qatar, responsible for roughly 20% of global liquefied natural gas trade, has seen its exports completely shut down for approximately 60 days. The closure of the Strait of Hormuz, compounded by missile strikes on the Ras Laffan industrial complex, has created what is shaping up to be the most significant energy supply disruption in years….
Institutional crypto ETF filings for the first quarter showed a split between buyers and sellers. Summary Harvard fully exited BlackRock’s Ether ETF while cutting its IBIT position another 43% in Q1. Mubadala added two million IBIT shares, keeping Abu Dhabi’s Bitcoin ETF exposure above $500 million. Dartmouth kept Bitcoin exposure flat but added Solana staking…
The world’s wealthiest democracies just spent a weekend in the Canadian Rockies talking about one country without actually naming it. G-7 finance ministers wrapped up meetings in Banff, Canada, with a communiqué pledging to address “unsustainable global imbalances” and “non-market policies” in global trade. The target of that language is about as subtle as a…
The major streak that began at the beginning of the month for the spot XRP ETFs continued in the past week, as investors poured in over $60 million in net inflows for the first time in several months. At the same time, the underlying asset tried to break out again, only to be stopped at…
The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes. Summary The CLARITY Act needs 60 Senate votes to overcome a filibuster, requiring at least seven Democrats to cross the aisle. An ethics provision barring government officials from crypto dealings is missing from the current text…
A Washington Post analysis of financial disclosure documents found that nominees and officials in the Trump administration held no less than $193 million in crypto and blockchain-linked assets. The figure spans nearly 70 individuals, with holdings ranging from small investments to at least $120 million for a single appointee. President Donald Trump, who reversed his…
