Latest news by Karthik Subramanian
Crypto ETFs snap 8-week outflow run but IBIT still bleeds
US spot crypto exchange-traded funds (ETFs) have finally stopped bleeding — but the composition of the money coming back tells a less bullish story than the headline number. Combined Bitcoin (BTC) and Ether (ETH) ETFs…
DeFi hacks hit record count as losses fall 57% to $972m
Crypto recorded 207 hacks in the first half of 2026 — a record count — while total stolen funds fell 57% to about $972 million, according to TRM Labs. More attacks, less money. That pairing…
Visa, Stripe and Coinbase back Open USD to challenge USDC
A consortium of more than 140 businesses — including Visa, Stripe, Mastercard, American Express, BlackRock, BNY, Google, Shopify and, pointedly, Coinbase — has launched Open USD (OUSD), a stablecoin built to share reserve earnings with…
Solana to $150 into H2 2026: the staking-ETF case
Solana (SOL) trades near $86. The base case into the second half of 2026 is $120–$150, the institutional bull case is Standard Chartered's $250 year-end target, and the bear case is a retest of the…
Binance says 70% of EU users self-custodied after MiCA
The Markets in Crypto-Assets (MiCA) regime was built to pull European crypto users inside the regulated perimeter. Binance's own exit data suggests it did the opposite. Co-chief executive Richard Teng says roughly 70% of the…
Crypto ETF outflows hit $147m as institutions rotate
Crypto exchange-traded fund (ETF) flows turned sharply negative in the second week of July 2026, but the pattern beneath the headline number points to tactical rotation between issuers and assets rather than an institutional exit.…
Swift blockchain ledger goes live with 17 banks piloting
Swift's blockchain-based shared ledger is live for initial use, with 17 banks across six continents — including Citi, HSBC, UBS, BNP Paribas, Wells Fargo and MUFG — preparing to pilot real tokenised-deposit payments, the interbank…
SEC puts Regulation Crypto on July agenda with three rules
The Securities and Exchange Commission (SEC) has put "Regulation Crypto" on its 2026 Unified Regulatory Agenda with a Notice of Proposed Rulemaking targeted for July — three distinct crypto rulemakings in all — and the…
Bitcoin holds $62,500 as Iran strikes fail to break support
Bitcoin (BTC) is holding near $62,500 on July 9, 2026 after US retaliatory strikes on Iranian targets briefly knocked the market lower — and the telling detail is who sold. Combining the flow data with…
Strategy sells 3,588 BTC at a loss to fund preferred dividends
Strategy sold 3,588 BTC for roughly $216 million in the week ended July 5, 2026 — its largest bitcoin sale ever — at an average price near $60,000 per coin, against a book cost of…