Latest news by Karthik Subramanian
CME’s Nasdaq crypto index futures debut as ETF flows split
CME Group's Nasdaq CME Crypto Index futures began trading on June 9, 2026 — the exchange's first market-cap-weighted crypto futures contract, settling to a basket of eight assets — and the timing is the story:…
SpaceX IPO: crypto rails price SPCX at $2.3tn before listing
The SpaceX IPO will not produce its first market-set price until trading opens on Nasdaq on June 12, 2026 — but crypto rails have already priced it. Polymarket's strike-laddered contracts on the SPCX closing market…
Bitcoin to $78k by Q3 2026: the post-outflow capitulation case
Bitcoin (BTC) base case: $78,000 by Q3 2026, with a bull case of $100,000 and a bear case of $50,000. The record 13-day spot-ETF outflow streak reads as late-cycle capitulation rather than a trend break,…
JPMorgan, Citi plan tokenized deposits to rival stablecoins
The four largest US banks are no longer content to watch stablecoins eat their lunch. JPMorgan Chase, Citigroup, Bank of America and Wells Fargo — alongside more than a dozen peers — are building a…
Bitcoin DeFi eyes $500bn in idle BTC as ETF demand cools
Bitcoin DeFi (BTCfi) — the set of protocols that turn idle Bitcoin (BTC) into onchain collateral and yield — is making its institutional pitch just as the passive-holding trade stalls. With spot Bitcoin exchange-traded funds…
Hyperliquid flips Solana on FDV as revenue-chain race heats up
Hyperliquid (HYPE) has overtaken Solana (SOL) on fully diluted valuation — but the milestone says more about token-supply schedules than about which network is bigger, and the gap reverses entirely when you switch the lens…
Strategy sells its first bitcoin since 2022 to fund payouts
Strategy sold bitcoin for the first time since 2022 — and the size of the sale matters far less than what it signals about the bitcoin-treasury model under stress. The company disclosed in a June…
CFTC clears Coinbase to offer US clients offshore crypto perps
The Commodity Futures Trading Commission (CFTC) has cleared Coinbase to route United States clients into offshore crypto perpetual futures (perps), and the structure matters more than the headline: the approval does not build a domestic…
Aave rewrites listing standards after $230m rsETH bridge hack
Aave is rewriting how it admits collateral, launching a full review of every asset on its V3 markets after a $230 million rsETH exploit exposed cross-chain bridges as the lending protocol's blind spot. The overhaul…
Ethereum whales buy $2bn as spot ETF outflows hit 10 days
The most aggressive bet against Ethereum (ETH) is being placed at the exact moment its largest holders are buying — a divergence that has set up one of the most asymmetric positioning traps of the…