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When seabed disturbances off Côte d'Ivoire severed seven submarine cables in March 2024, the regional internet impact earned an IODA severity score above 11,000.
For Bitcoin, the global effect was negligible. The affected region hosted roughly five nodes, about 0.03% of the network, and the impact fell within normal fluctuations at -2.5%.
No price movement followed. No consensus disruption...
On Mar. 5, Justin Sun reached a $10 million settlement with the SEC to resolve a civil fraud case that alleged he generated $31 million through wash-trading-style transactions and undisclosed celebrity promotions.
The settlement, which requires court approval and includes no admission of wrongdoing, moves the case toward dismissal.
The same day, US banking regulators announced that banks won't...
161,000 US jobs just disappeared after a revision as Bitcoin navigates increasingly messy macro data
US markets move in seconds when the jobs report hits. February payrolls fell by 92,000 jobs, the unemployment rate rose to 4.4%, and prior months were revised down by 69,000.
Together, that's 161,000 fewer jobs than the numbers showed at the start of the year.
But the number traders react to first often isn't the one that lasts, because even bigger revisions can arrive months later.
The Bureau of...
Bitcoin's derivatives market gave us the best explanation of this week's macro stress.
Funding rates turned sharply negative, open interest stayed elevated, and then the US jobs report landed. Put together, that showed a market leaning hard into downside hedges just as a real macro catalyst arrived.
That sequence is worth understanding because it explains how macro volatility shows up in crypto....
Log in to Coinbase next tax season, and your tax documents might no longer arrive by mail.
Under a new IRS proposal, crypto exchanges could be required to file Form 1099-DA electronically. This form reports digital asset trades, and could refuse to do business with customers who decline to provide it.
The comment period closes May 5, and if finalized, the rule would shift crypto tax reporting...
The following is a guest post and guest post from Thomas Pratter, Founder and CEO at Renesis.
Liquid crypto funds are having a moment. The number of actively managed vehicles keeps growing, DeFi strategies are gaining legitimacy, and regulatory clarity is slowly catching up. Institutional allocators are paying closer attention than ever.
But behind the optimism sits a less glamorous truth: most...
A large volume of US commercial real estate (CRE) debt is rolling into a very different market from the one that produced it.
The Mortgage Bankers Association says $875 billion of commercial and multifamily mortgages are scheduled to mature in 2026, equal to 17% of the roughly $5 trillion of outstanding balances it tracks.
While that's below the $957 billion that was due in 2025, it's still a...
Headlines about Bitcoin ETF outflows often mix two things: Bitcoin's price move and actual share redemptions.
If BTC drops, ETF AUM drops in dollars even if nobody sells a single share. That mark-to-market drop gets read as money leaving, and it can look like an institutional exit when the wrapper's Bitcoin holdings and shares outstanding barely move.
To understand whether investors are actually...
When crude starts leading the headlines, crypto people tend to ask the wrong questions, like what it is that oil actually does to Bitcoin.
While it's the simplest and easiest way to explain what you don't know, it's a pretty bad question. A better one is what oil actually does to the cost of money, because Bitcoin is now trading like a live chart of liquidity expectations.
Oil is one of the...
Bitcoin’s rebound on March 4 looked odd if you only watched it through the usual “risk assets are breaking” lens. Oil was jumping, shipping insurers were repricing war risk, and traders were treating the Strait of Hormuz like a live wire. All of the headlines had the cadence of a full-blown crisis.
However, Bitcoin climbed back into the same $70,000 zone it has been orbiting for weeks, despite...