📊 CoinGecko its “2026 Crypto Perpetuals Report,” highlighting that in the first four months of 2026, Binance and OKX held 33% and 15% of the perpetual futures market share, respectively. BingX's market share increased by over 66%, climbing from 3% to 5%, ranking seventh globally. Additionally, the share of Perp DEXs in open interest (OI) rose from 3.6% at the start of 2025 to 13.5%.
🗣 #BTC Michael Saylor says strategy will “probably buy all the Bitcoin mined between now and 2140.”
🇭🇰🆕 Gold-backed stablecoin $USDKG enters Hong Kong’s regulated crypto market via OSL listing. #stablecoin
🕵️ VerifiedX Network has launched vBTC v2, now live on Base as a non-synthetic canonical asset under the ticker vBTC.b. This fully collateralized asset supports 1:1 BTC backing, automated minting and burning, and direct redemption from Base to native Bitcoin through its VFX Lockbox and Proof Publisher systems, eliminating the need for third-party attestation. vBTC.b is also compatible with the EVM ecosystem, enabling various use cases such as lending, liquidity pools, institutional vaults, payments, and on-chain settlement.
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🔮 This morning on CNBC, Saylor discussed the case for Digital Credit $STRC, its impact on $MSTR, and his long-term $BTC forecast with Joe Kernen.
🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: -942 $BTC (-$72.66M)
7D NetFlow: -15,915 $BTC (-$1.23B)
Ethereum ETFs:
1D NetFlow: -15,222 $ETH (-$32.44M)
7D NetFlow: -114,871 $ETH (-$244.79M)
Solana ETFs:
1D NetFlow: +8,312 $SOL (+$723K)
7D NetFlow: +203,326 $SOL (+$17.69M)
Bitcoin ETFs:
1D NetFlow: -942 $BTC (-$72.66M)
7D NetFlow: -15,915 $BTC (-$1.23B)
Ethereum ETFs:
1D NetFlow: -15,222 $ETH (-$32.44M)
7D NetFlow: -114,871 $ETH (-$244.79M)
Solana ETFs:
1D NetFlow: +8,312 $SOL (+$723K)
7D NetFlow: +203,326 $SOL (+$17.69M)
📊 Only Around 10% of RWA Liquidity Is Active in DeFi Protocols
According to research by Tanaka, the RWA sector is growing rapidly, but DeFi has captured almost none of the upside, with only around 10% of RWA liquidity currently active in DeFi protocols.
For instance, tokenized gold and commodities are valued at approximately $7 billion on-chain, yet only $184 million is active within DeFi. Most tokenized Treasury products are essentially on-chain PDF files wrapped with KYC requirements. Products such as BUIDL, FOBXX, USTB, and OUSG manage significant assets, but transfers remain restricted by whitelists, transfer agents, qualified purchaser checks, redemption windows, and other compliance mechanisms. #regulation
According to research by Tanaka, the RWA sector is growing rapidly, but DeFi has captured almost none of the upside, with only around 10% of RWA liquidity currently active in DeFi protocols.
For instance, tokenized gold and commodities are valued at approximately $7 billion on-chain, yet only $184 million is active within DeFi. Most tokenized Treasury products are essentially on-chain PDF files wrapped with KYC requirements. Products such as BUIDL, FOBXX, USTB, and OUSG manage significant assets, but transfers remain restricted by whitelists, transfer agents, qualified purchaser checks, redemption windows, and other compliance mechanisms. #regulation
🇺🇸🗽 Republican lawmakers have introduced a bill to modernize American reserves, aiming to create a strategic reserve of #BTC in the US to diversify the country's reserve balance. They hope the US will hold about 5% in reserves, or approximately 1 million #BTC, which would be roughly equivalent to the amount of gold currently held by the US government.
🇺🇸💰 President Trump says the US will likely have to refund $149 billion in tariff revenue. #tradewars
🇺🇸🗽 Rep. Begich introduces Bitcoin legislation to recognize and codify its "strategic importance" in the US.
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🇺🇸🗽 Congressman Nick Begich wants the U.S. government to stockpile 5% of all Bitcoin.
🇺🇸🗣 US Congressman Mike Rulli says "there will only ever be 21 million Bitcoin."
"While governments can print unlimited amounts of money, Bitcoin's supply is permanently fixed."
"While governments can print unlimited amounts of money, Bitcoin's supply is permanently fixed."
🕵️ Which coins are currently exposed to quantum risk at rest?
In our latest research, we quantify Bitcoin’s exposed supply and separate exposure into two categories:
• Structural exposure: 1.92M BTC (9.6%) coins exposed by design
• Operational exposure: 4.12M BTC (20.6%) linked to wallet behavior, address reuse, and custody practices.
The larger share is operational, suggesting that part of Bitcoin’s visible exposure may still be reduced through improved wallet and custody management.
Exchange-related balances alone account for 1.63M BTC (8.1% of issued supply).
glassno.de/4v2wdJ1
In our latest research, we quantify Bitcoin’s exposed supply and separate exposure into two categories:
• Structural exposure: 1.92M BTC (9.6%) coins exposed by design
• Operational exposure: 4.12M BTC (20.6%) linked to wallet behavior, address reuse, and custody practices.
The larger share is operational, suggesting that part of Bitcoin’s visible exposure may still be reduced through improved wallet and custody management.
Exchange-related balances alone account for 1.63M BTC (8.1% of issued supply).
glassno.de/4v2wdJ1