A $3.9 billion transfer moving 43,033 BTC was recorded on-chain and flagged by Whale Alert, with the receiving cluster matching labels used by intelligence dashboards for Twenty One, known as XXI.
The timing aligns with the company’s stated plan to relocate more than 43,500 Bitcoin from escrow into its own custody before it begins trading on the New York Stock Exchange under the ticker XXI....
Stablecoins were once a minor appendage of crypto markets, a functional parking spot for traders cycling between Bitcoin and Ethereum. However, framing no longer fits.
With a circulating supply above $300 billion and annual trading volumes exceeding $23 trillion in 2024, stablecoins have matured into a parallel dollar infrastructure. They extend US monetary power into markets where financial...
When European police staged another coordinated sweep against crypto mixers this autumn, most people saw a familiar headline and scrolled on. But every seizure, every frozen server rack, every compressed hard drive pushed into an evidence van has the potential to change how Bitcoin actually moves.
Mixers (tools that allow users to break the traceable chain of custody on public ledgers) have...
The number didn’t look dramatic at first glance ($13.5 billion in overnight repos on Dec. 1), but for anyone who watches the Federal Reserve’s plumbing, it was a noticeable spike.
These operations rarely break into headlines, yet they drive the liquidity currents that shape everything from bond spreads to equity appetite to the way Bitcoin behaves on a quiet weekend.
When an overnight repo...
The UK doesn’t pass many one-clause statutes that redraw the map of personal property, but that’s exactly what arrived with Royal Assent on Dec.2.
After years of academic papers, Law Commission consultations, and scattered High Court judgments trying to make old categories fit modern assets, Parliament finally said that digital and electronic assets can exist as their own form of personal...
Corporate Bitcoin holdings have been treated as a straightforward signal for years: a company buys BTC, investors read it as conviction, and the stock trades with a built-in Bitcoin premium.
While this might sound like a very clear and simple trade, the balance sheets behind it are anything but.
A new CoinTab dataset shows that most publicly tracked Bitcoin-holding companies aren’t just sitting...
On Dec. 2, Citadel Securities filed a 13-page letter with the SEC arguing that decentralized protocols facilitating tokenized US equity trading already meet statutory definitions of exchanges and broker-dealers, and regulators should treat them accordingly.
Two days later, the SEC’s Investor Advisory Committee convened a panel on tokenized equities that made clear the question is no longer...
The SEC’s Crypto Task Force scheduled a four-hour roundtable on financial surveillance and privacy for Dec. 15, bringing together zero-knowledge proof developers, civil liberties advocates, and protocol executives to debate whether blockchain privacy tools can coexist with anti-money laundering enforcement.
The timing is deliberate. Two months ago, the co-founders of Samourai Wallet received five...
Base launched a bridge to Solana on Dec. 4, and within hours, Solana’s most vocal builders accused Jesse Pollak of running a vampire attack disguised as interoperability.
The bridge uses Chainlink CCIP and Coinbase infrastructure to let users move assets between Base and Solana, with early integrations in Zora, Aerodrome, Virtuals, Flaunch, and Relay. These are all applications built on Base....
The “infinite money glitch” of the corporate Bitcoin treasury has stalled.
For much of this market cycle, the trade was simple: stock in companies holding Bitcoin traded at a massive premium to the underlying Net Asset Value (NAV).
This allowed firms to issue expensive equity to buy cheaper coins, thereby accretively increasing Bitcoin per share. It was a flywheel of financial engineering that...