🕵️ Italy’s Largest Bank Intesa Sanpaolo Increases Crypto Exposure to $235 Million in Q1
According to Criptovaluta, Italy’s largest bank Intesa Sanpaolo significantly increased its crypto exposure in Q1 2026. Its crypto-related assets surged from approximately $100 million in Q4 2025 to around $235 million.
As of March 31, the bank had increased its Bitcoin holdings and gained Ethereum exposure for the first time through purchases of iShares Staked Ethereum Trust.
It also established a new Ripple position via Grayscale XRP Trust, holding 712,319 shares worth about $18 million, while significantly reducing its exposure to Solana through the Bitwise Solana Staking ETF. #etf
According to Criptovaluta, Italy’s largest bank Intesa Sanpaolo significantly increased its crypto exposure in Q1 2026. Its crypto-related assets surged from approximately $100 million in Q4 2025 to around $235 million.
As of March 31, the bank had increased its Bitcoin holdings and gained Ethereum exposure for the first time through purchases of iShares Staked Ethereum Trust.
It also established a new Ripple position via Grayscale XRP Trust, holding 712,319 shares worth about $18 million, while significantly reducing its exposure to Solana through the Bitwise Solana Staking ETF. #etf
💰 As the market drops, an Ethereum OG who made $30.5M (803x return) is buying the dip on $ETH!
10 years ago, this OG received 11,005 $ETH from ShapeShift at just $3.46 each.
Over a year ago, he sold them for 30.56M $USDC at $2,777, making $30.5M in profit - an 803x return.
Today, after $ETH fell, he started buying again.
So far, he has spent 4.26M $USDC to buy 1,951 $ETH at $2,182, and he may keep buying.
10 years ago, this OG received 11,005 $ETH from ShapeShift at just $3.46 each.
Over a year ago, he sold them for 30.56M $USDC at $2,777, making $30.5M in profit - an 803x return.
Today, after $ETH fell, he started buying again.
So far, he has spent 4.26M $USDC to buy 1,951 $ETH at $2,182, and he may keep buying.
🐳 Solana perp open interest: +156% in 35 days. Now at $429M.
This surge indicates institutional activity rather than retail trading, as retail typically engages with memecoins.
Desks are building leveraged exposure, with spot SOL ETFs attracting $39.23M last week, marking the strongest inflow since February. SOL experienced a +13% increase over the week, its best performance of 2026.
This surge indicates institutional activity rather than retail trading, as retail typically engages with memecoins.
Desks are building leveraged exposure, with spot SOL ETFs attracting $39.23M last week, marking the strongest inflow since February. SOL experienced a +13% increase over the week, its best performance of 2026.
🚀 The consensus take on ETH: dead, $2,261, second losing week, Glamsterdam is the only catalyst left.
Our Exchange Flux Balance says the opposite.
ETH net flow to exchanges has been negative 9 of the last 14 days. That's coins leaving — not piling up to sell. The Smart Money Flow Index (ETH-exclusive metric) printed its third consecutive bullish divergence vs price last week. Spot ETH ETFs flipped from a 6-month outflow streak to $356M April inflow — the first positive month since the launch period.
Translation: The cohort that actually moves price is accumulating while retail writes obituaries.
Most ETH is dead takes are reading price. We read flow. Different game.
Live ETH flow stack →
Our Exchange Flux Balance says the opposite.
ETH net flow to exchanges has been negative 9 of the last 14 days. That's coins leaving — not piling up to sell. The Smart Money Flow Index (ETH-exclusive metric) printed its third consecutive bullish divergence vs price last week. Spot ETH ETFs flipped from a 6-month outflow streak to $356M April inflow — the first positive month since the launch period.
Translation: The cohort that actually moves price is accumulating while retail writes obituaries.
Most ETH is dead takes are reading price. We read flow. Different game.
Live ETH flow stack →
🔮 Prediction market flippening update.
Kalshi April volume: $14.81B (+13.3% MoM).
Polymarket April volume: -14.8% MoM.
Combined lifetime: $150B (just crossed).
Kalshi sports markets and institutional access pulled it ahead. Polymarket lost ~90K monthly active traders (733K → 643K).
The sector is consolidating around regulated venues faster than I expected six months ago.
Kalshi April volume: $14.81B (+13.3% MoM).
Polymarket April volume: -14.8% MoM.
Combined lifetime: $150B (just crossed).
Kalshi sports markets and institutional access pulled it ahead. Polymarket lost ~90K monthly active traders (733K → 643K).
The sector is consolidating around regulated venues faster than I expected six months ago.
📌 Top 5 News for 24 Hour:
1. Intesa Sanpaolo bank increases crypto exposure to $235 million. →
👁 251 | ❤️ 0 | 🔁 5
2. Companies hold 6.7 million ETH, 6% of supply. →
👁 225 | ❤️ 0 | 🔁 4
3. Elon Musk finds Dogecoin's rise ironic. →
👁 234 | ❤️ 0 | 🔁 3
4. 4 wallets withdraw $197.85M ETH from exchanges. →
👁 218 | ❤️ 0 | 🔁 3
5. Bitcoin price falls below $78,000. →
👁 264 | ❤️ 2 | 🔁 2
| | |
1. Intesa Sanpaolo bank increases crypto exposure to $235 million. →
👁 251 | ❤️ 0 | 🔁 5
2. Companies hold 6.7 million ETH, 6% of supply. →
👁 225 | ❤️ 0 | 🔁 4
3. Elon Musk finds Dogecoin's rise ironic. →
👁 234 | ❤️ 0 | 🔁 3
4. 4 wallets withdraw $197.85M ETH from exchanges. →
👁 218 | ❤️ 0 | 🔁 3
5. Bitcoin price falls below $78,000. →
👁 264 | ❤️ 2 | 🔁 2
| | |
🐳 Saturday wrap.
What mattered today:
ARB unlock hit (92.65M tokens, 1.71% supply)
DOGE social spiked +38% (price hasn't moved yet)
BTC sub-$79K, watching whether bond-yield repricing pulls F&G back into fear
Warsh confirmed as Fed chair successor (May 15) — macro narrative shifting
What we're watching into Sunday/Monday:
Asia open BTC bid (or lack of)
ETH ETF flow data Monday
Any follow-up on the May 11 dormant whale
Sleep good. Tomorrow we're back at 06:00 UTC. #etf
What mattered today:
ARB unlock hit (92.65M tokens, 1.71% supply)
DOGE social spiked +38% (price hasn't moved yet)
BTC sub-$79K, watching whether bond-yield repricing pulls F&G back into fear
Warsh confirmed as Fed chair successor (May 15) — macro narrative shifting
What we're watching into Sunday/Monday:
Asia open BTC bid (or lack of)
ETH ETF flow data Monday
Any follow-up on the May 11 dormant whale
Sleep good. Tomorrow we're back at 06:00 UTC. #etf
🇺🇸📊 SBF on the Financial Crisis: A Risk System More Transparent Than Traditional Finance
FTX founder SBF claimed at a U.S. congressional hearing in December 2021 that his platform had a 24/7 risk engine, without the overnight, weekend, or holiday risks seen in traditional assets. He argued the 2008 financial crisis was caused by bilateral, customized, unreported trades being repeatedly packaged and leveraged, leaving risks hidden. After FTX's collapse, those claims about innovation and transparency now read like a sharp indictment of SBF himself.
FTX founder SBF claimed at a U.S. congressional hearing in December 2021 that his platform had a 24/7 risk engine, without the overnight, weekend, or holiday risks seen in traditional assets. He argued the 2008 financial crisis was caused by bilateral, customized, unreported trades being repeatedly packaged and leveraged, leaving risks hidden. After FTX's collapse, those claims about innovation and transparency now read like a sharp indictment of SBF himself.
🗣 Michael Saylor: Stretch Is The Biggest Preferred Stock in The World
On May 6, 2026, at Consensus 2026 Miami, Michael Saylor announced that Stretch (STRC) is now the world’s largest and most liquid preferred stock, with $8.5 billion in AUM. Saylor noted that while #BTC dropped 37% over the past six months, STRC credit investors held par and earned a 64% dividend yield.
On May 6, 2026, at Consensus 2026 Miami, Michael Saylor announced that Stretch (STRC) is now the world’s largest and most liquid preferred stock, with $8.5 billion in AUM. Saylor noted that while #BTC dropped 37% over the past six months, STRC credit investors held par and earned a 64% dividend yield.
🕵️ Harvard Endowment Exits Ethereum ETF and Cuts IBIT Stake by 43%
Q1 2026 SEC 13F filings show that Harvard's endowment cut its IBIT position by about 43% to 3,044,612 shares, worth roughly $117 million, after already reducing the stake by 21% in Q4.
It also fully exited its $86.8 million position in BlackRock's spot Ethereum ETF.
Meanwhile, Abu Dhabi sovereign wealth fund Mubadala increased its IBIT holdings to 14,721,917 shares, worth about $566 million, up from 12,702,323 shares at the end of 2025. #regulation
Q1 2026 SEC 13F filings show that Harvard's endowment cut its IBIT position by about 43% to 3,044,612 shares, worth roughly $117 million, after already reducing the stake by 21% in Q4.
It also fully exited its $86.8 million position in BlackRock's spot Ethereum ETF.
Meanwhile, Abu Dhabi sovereign wealth fund Mubadala increased its IBIT holdings to 14,721,917 shares, worth about $566 million, up from 12,702,323 shares at the end of 2025. #regulation