Kaiko said open interest, funding rates and wallet activity showed repeated pre-announcement positioning before several Robinhood token listings. Open interest in perpetual futures markets and onchain trading patterns suggest some traders may have positioned ahead of Robinhood crypto listing announcements, according to a Monday report from analytics provider Kaiko. One of the clearest examples was wallet address '0xa1E,' which Kaiko said opened a long position on Lighter (LIT) on decentralized exchange Hyperliquid at 11:05 am UTC on Jan. 15, about an hour before Robinhood announced the token’s listing at 12:12 pm The wallet closed the position at 1:00 pm, shortly after the announcement. Kaiko said the same address later opened a short position on a HOOD-linked perpetual contract on April 28, hours before Robinhood reported first-quarter revenue that missed analyst expectations. The trader closed the short later that day after HOOD moved lower. Read more
The data blockchain securing onchain finance projects looks to provide lenders and borrowers with agreement-specific collateral solution. Space and Time (SXT), a level-1 data blockchain that secures onchain finance projects, has launched a virtual vault platform that it says is purpose-built for institutional lending. The Microsoft-backed blockchain said on Tuesday that its new virtual vaults can be configured by institutional lenders and borrowers to their specific agreement, with cryptographically verified, continuously updated visibility into borrower collateral across the centralized exchanges and decentralized finance (DeFi) protocols where it actually sits. Real-time verification of collateral has long vexed the institutional lending sector, with generic solvency metrics falling short of practical needs. Read more
Binance will shift to an orderbook-weighted pricing model for commodity perpetual futures during off-hours, potentially changing margin and liquidation behavior. Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take effect on Friday at 9:00 pm UTC. The exchange will replace its current fixed pricing method with an Orderbook EWMA model for commodity-based traditional finance (TradFi) perpetual contracts. EWMA, or exponential weighted moving average, uses orderbook data that is smoothed over time rather than relying on a fixed reference price during periods of lower activity. Binance said the change will apply during daily maintenance windows as well as weekends and holidays, when trading activity is typically reduced. Read more
Brian Armstrong said Coinbase will flatten management layers and require leaders to work as “player-coaches” under the new structure. Update May 5, 2026, 1:30 pm UTC: This article has been updated to add information from an SEC filing. Coinbase will cut about 14% of its workforce, or roughly 700 jobs, as CEO Brian Armstrong moves to make the crypto exchange leaner and more focused on artificial intelligence. Armstrong said in an email to employees that Coinbase is responding to two forces at once: a down market that pressured the company's quarter-to-quarter business and rapid advances in AI that are changing how teams work. Read more
Bitcoin bottom calls grow as analysts target $180,000–$250,000 within a year, fueling debate over whether BTC has resumed its broader bull cycle. Bitcoin (BTC) climbed 3.5% this week to hit $81,325 on Tuesday, its highest level since January. But is Bitcoin’s multi-month highs just a bear-market rally, or has it already bottomed to resume the so-called "supercycle," as some traders suggest? Key takeaways: BTC/USD daily price chart. Source: TradingView Read more
Crypto ETPs shed $619 million over four days before a $737 million Friday session rescued the week, extending the inflow streak to $4.02 billion across five weeks. Digital asset investment products recorded $117.8 million in inflows last week, marking a fifth consecutive week of gains after a late-week rebound reversed earlier outflows. Crypto exchange-traded products (ETPs) shed $619 million across Monday through Thursday before a single-session inflow of $737 million on Friday flipped the week to positive, according to a report from CoinShares published Tuesday. Total assets under management held steady at $155 billion. The Friday figure ranks among the largest single-day inflows of 2026, CoinShares head of research James Butterfill wrote, adding that it reflects “a sharp improvement in risk appetite.” Read more
The Bank of Italy’s deputy governor floated the evaluation of tokenized SEPA payments, as the ECB experiments with tokenized digital payment frameworks to avoid stablecoin competition. European financial institutions should assess whether the Single Euro Payments Area (SEPA) can be extended into tokenized payments, Bank of Italy Deputy Governor Chiara Scotti said, as policymakers look for ways to keep euro-denominated settlement central to digital finance. Scotti called a tokenized extension of SEPA an “important area for reflection” during a Monday speech at the Digital Assets and Monetary Policy Transmission workshop in Rome, saying Europe’s existing payments framework offers scale, shared standards and interoperability. Her comments come as the Eurosystem prepares a pilot for Pontes, a distributed ledger technology settlement initiative designed to link market DLT platforms with TARGET Services and settle transactions in central bank money. The pilot is expected by the third quarter of 2026. Read more
Bullish has agreed to acquire transfer agent Equiniti as more Wall Street participants accelerate their tokenization initiatives to offer 24/7 trading. Bullish agreed to acquire transfer agent Equiniti from Siris Capital in a $4.2 billion transaction, giving the crypto exchange a major shareholder recordkeeping business as it pushes deeper into tokenized securities. As part of the deal, Bullish will assume $1.85 billion in debt from Equiniti, according to a Tuesday announcement. The transaction is expected to close in January 2027, pending regulatory approval. The acquisition will allow Bullish to offer 24/7 trading of tokenized securities and stablecoin-based payment and settlement tools. Equiniti is one of the world’s largest transfer agents, servicing nearly 3,000 companies, including the likes of Berkshire Hathaway and Rolls-Royce. Transfer agents are crucial for trading venues, as they are responsible for investor records, issuing ownership certificates and facilitating dividend payments. Read more