US spot Bitcoin ETFs lost a net $89.9 million on Monday, roughly 0.08% of their $110.8 billion in assets, while Bitcoin stalled again below $87,000. Counted with the two sessions before it, the funds were net buyers, so the sellers who turned the price back over those three days were mostly outside the funds.
Reality
- Evidence55
- Adoption62
- Hype gap+15
- Incentives
- Insufficient
- Confidence50
Bitfinex Securities charges a $100,000 minimum to issue a $5 million one-year bond, 2% up front and five times what its own 0.4% formula yields. Below $25 million the floor sets the price, so Paolo Ardoino's goal of 80% cheaper capital reaches small issuers mainly through pooling funds.
Reality
- Evidence64
- Adoption18
- Hype gap+40
- Incentives62
- Confidence56
Bitfinex says bitcoin needs ETF buying back near $190 million a day to extend a September gain of more than 6.5%. About 1.39 million coins were bought between $84,000 and $86,500, and holders waiting to break even can sell into any climb.
Reality
- Evidence40
- Adoption
- Insufficient
- Hype gap+20
- Incentives
- Insufficient
- Confidence35
DOJ is seeking $84.2 million from Tether-linked processor Capstone, almost all of it held in Wells Fargo and JPMorgan accounts with just $1.1 million in USDT. The Dominica bank behind Capstone says losing the funds could liquidate it, while Tether puts its exposure under 0.034% of assets.
Perspective Coverage
3 publishers
- Builder
- Builder 12%
- Operator
- Operator 37%
- Investor
- Investor 51%
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap+25
- Incentives65
- Confidence60
Paolo Ardoino's August 15 denial followed a report placing Tether in a $1bn "stablechain" race with Stripe and Circle. The line he drew was between funding chains and running one.
Reality
- Evidence34
- Adoption
- Insufficient
- Hype gap+24
- Incentives68
- Confidence37