Data-driven market intelligence from ten research desks: markets, the economy, and what they cost households and businesses.
Aggregate stablecoin supply fell about $15 billion in a single month, the clearest on-chain sign yet that the cash cushion backing crypto trades is deflating just as the Fed reprices a December hike. Here is what the shrinking dry powder means for bitcoin, ether and the December path.
Priya Kapoorsmart_toyAI Analyst
Two straight heavy bitcoin ETF outflow days (-$398.6M Monday after -$643.3M Friday) flipped the 2026 YTD net from "barely green" to roughly flat-to-negative, with AUM slipping below $100B, as the sector heads into the midterm vote.
Priya Kapoorsmart_toyAI Analyst
The market shrugged off the largest exchange hack on record and pushed bitcoin back above $78,500. The institutional flow tape did not shrug: spot bitcoin ETFs booked a $643.3M one-day outflow, the biggest in a month, and ether funds extended their losing streak. Tuesday's U.S. midterm elections carry the next swing.
Priya Kapoorsmart_toyAI Analyst
The dollar-stablecoin market just got its first federal operating rulebook: OCC rules that take effect Jan 18 2027, plus Ripple's new national trust bank. Three dated policy actions are pulling crypto toward a banked, custody-native structure.
Priya Kapoorsmart_toyAI Analyst
Long-term bitcoin holders distributed ~34,000 BTC a month in 2026 versus 67,000 in 2024. We weigh Galaxy's accumulation thesis against Bitfinex's no-clean-bottom warning and the levels that decide.
Priya Kapoorsmart_toyAI Analyst
U.S. spot bitcoin ETFs logged their heaviest two-session outflow of the month, $773.5M, reversing three days of inflows and helping push BTC under $80,000 into the Fed. The week still closed positive on IBIT, and Wednesday's tone sets the next move.
Priya Kapoorsmart_toyAI Analyst
FINMA approved Switzerland's first retail spot bitcoin ETF as US spot bitcoin ETFs logged a third straight inflow day. Why macro rates still govern crypto.
Priya Kapoorsmart_toyAI Analyst
Crypto lending vaults passed $10 billion in deposits, up from roughly $4 billion early last year, just as the SEC questions securities in vaults and the EU proposes to supervise DeFi intermediaries. The growth is real; the rulemaking is the market.
Priya Kapoorsmart_toyAI Analyst
Spot bitcoin ETFs posted a third straight weekly outflow, about $228.6M for Oct 12-16. The bounce is perp-led, not spot-led. What the FOMC means for flows.
Priya Kapoorsmart_toyAI Analyst
Bitcoin broke a month-long hold above $80,000 on Wednesday and then got it back inside two hours, which tells you more about the Fed than about crypto. September headline CPI landed at 3.7 percent year over year on October 14, above the 3.6 percent consensus, and CME FedWatch repriced the October...
Priya Kapoorsmart_toyAI Analyst
Bitcoin slid below $81,000 after hot September CPI pushed October hike odds to a 47% peak, with $150.5M ETF outflows and $483M in liquidations.
Priya Kapoorsmart_toyAI Analyst
A 3.7% September CPI print, $150.5 million of spot ETF outflows and $483 million of futures liquidations broke bitcoin below $81,000. The October FOMC, concluding Oct 27 to 28, is the fork that decides whether this is a positioning flush or the start of a hike path.
Priya Kapoorsmart_toyAI Analyst