Tudor added to its IBIT bet, but it's still 91% below its peak.
Stack
The stake rose 18.9% in Q2, yet it's just 0.03% of Tudor's $71.9B portfolio.
Story
A famous inflation-hedge bet turns out to be sized like an afterthought, not a conviction call.
Full read: https://stackandstory.com/stories/tudor-adds-ibit-still-91-below-peak
Stack
The stake rose 18.9% in Q2, yet it's just 0.03% of Tudor's $71.9B portfolio.
Story
A famous inflation-hedge bet turns out to be sized like an afterthought, not a conviction call.
Full read: https://stackandstory.com/stories/tudor-adds-ibit-still-91-below-peak
Gen Z on Binance puts 25% of equity trades into ETFs, not stocks
Stack
22% of Gen Z stock accounts on Binance have never placed a single sell order, versus 9% for Boomers.
Story
Younger traders are choosing diversified ETFs over stock-picking and skipping leverage almost entirely, likely because they came of age after the meme-stock crashes rather than during them.
Full read: https://stackandstory.com/stories/gen-z-trades-etfs-not-stocks-binance
Stack
22% of Gen Z stock accounts on Binance have never placed a single sell order, versus 9% for Boomers.
Story
Younger traders are choosing diversified ETFs over stock-picking and skipping leverage almost entirely, likely because they came of age after the meme-stock crashes rather than during them.
Full read: https://stackandstory.com/stories/gen-z-trades-etfs-not-stocks-binance
Harvard's IBIT stake sits untouched after last quarter's 43% cut
Stack
Two Gulf sovereign funds hold 22.9 million IBIT shares combined, and neither moved a share this quarter either.
Story
No new buying, no new selling. Big holders seem to have settled on a size and stopped adjusting it.
Full read: https://stackandstory.com/stories/harvard-holds-bitcoin-etf-stake-flat
Stack
Two Gulf sovereign funds hold 22.9 million IBIT shares combined, and neither moved a share this quarter either.
Story
No new buying, no new selling. Big holders seem to have settled on a size and stopped adjusting it.
Full read: https://stackandstory.com/stories/harvard-holds-bitcoin-etf-stake-flat
Galaxy just cut CLARITY Act passage odds to 10%, from 75% in May.
Stack
Galaxy's odds fell four times in three months: 75% to 60% to 50% to 10%, a 65-point collapse with no single event causing it.
Story
The bill isn't dead from opposition, it's dying from running out of Senate floor time before a short fall session ends.
Full read: https://stackandstory.com/stories/galaxy-lowers-clarity-act-odds-10-percent
Stack
Galaxy's odds fell four times in three months: 75% to 60% to 50% to 10%, a 65-point collapse with no single event causing it.
Story
The bill isn't dead from opposition, it's dying from running out of Senate floor time before a short fall session ends.
Full read: https://stackandstory.com/stories/galaxy-lowers-clarity-act-odds-10-percent
UBS's bullish bitcoin ETF options jumped 24x in one quarter.
Stack
UBS's call option exposure to IBIT went from 80,000 to 1.95 million shares in three months, a 24x jump, while its put exposure fell 53%.
Story
A Swiss bank's options book swinging bullish likely means it's stocking up to serve client demand, not making a market call.
Full read: https://stackandstory.com/stories/ubs-ibit-call-options-24-fold
Stack
UBS's call option exposure to IBIT went from 80,000 to 1.95 million shares in three months, a 24x jump, while its put exposure fell 53%.
Story
A Swiss bank's options book swinging bullish likely means it's stocking up to serve client demand, not making a market call.
Full read: https://stackandstory.com/stories/ubs-ibit-call-options-24-fold
Mac flaw scored 9.8/10 let hackers quietly mine Monero
Stack
The exploited flaw hit 9.8 out of 10 on the CVSS scale, near the top of the severity chart used by US officials.
Story
Hackers picked Monero because it's nearly impossible to trace, not because it's valuable. That's the whole point of cryptojacking: stay invisible, stay running.
Full read: https://stackandstory.com/stories/macos-screen-sharing-flaw-monero-miners
Stack
The exploited flaw hit 9.8 out of 10 on the CVSS scale, near the top of the severity chart used by US officials.
Story
Hackers picked Monero because it's nearly impossible to trace, not because it's valuable. That's the whole point of cryptojacking: stay invisible, stay running.
Full read: https://stackandstory.com/stories/macos-screen-sharing-flaw-monero-miners
Banks push to gut stablecoin yield rules before Clarity Act's final Senate vote
Stack
Banks argue stablecoin yield threatens lending, but lending is already a shrinking slice of their profit.
Story
Banks want stablecoin rewards banned to protect deposits paying near-zero interest, not to stop money laundering.
Full read: https://stackandstory.com/stories/banks-fight-stablecoin-yield-again
Stack
Banks argue stablecoin yield threatens lending, but lending is already a shrinking slice of their profit.
Story
Banks want stablecoin rewards banned to protect deposits paying near-zero interest, not to stop money laundering.
Full read: https://stackandstory.com/stories/banks-fight-stablecoin-yield-again
SafePal confirms breach exposed data on nearly 40,000 customers
Stack
Customers reported phishing attempts in July, but SafePal only found the root cause "recently."
Story
A wallet company got breached, and the gap before disclosure gave phishers a head start.
Full read: https://stackandstory.com/stories/safepal-data-breach-40000-customers
Stack
Customers reported phishing attempts in July, but SafePal only found the root cause "recently."
Story
A wallet company got breached, and the gap before disclosure gave phishers a head start.
Full read: https://stackandstory.com/stories/safepal-data-breach-40000-customers
Banks reopen the stablecoin yield fight days before a key Senate vote
Stack
Banks now pay depositors far less interest than in past cycles, yet still call stablecoin yield an existential threat.
Story
Banks say stablecoin yield will drain deposits and choke lending, but their own numbers show deposits are steady and lending is a shrinking part of their profits.
Full read: https://stackandstory.com/stories/bank-lobby-revives-stablecoin-yield-fight
Stack
Banks now pay depositors far less interest than in past cycles, yet still call stablecoin yield an existential threat.
Story
Banks say stablecoin yield will drain deposits and choke lending, but their own numbers show deposits are steady and lending is a shrinking part of their profits.
Full read: https://stackandstory.com/stories/bank-lobby-revives-stablecoin-yield-fight
Ether ETFs just had their biggest inflow day since October
Stack
One day of Ether ETF inflows, $220.8M, made up nearly 30% of the fund's entire August total.
Story
Bitcoin ETFs are grinding to a record month. Ether ETFs just had one huge day that could be a catch-up trade or a one-off spike.
Full read: https://stackandstory.com/stories/ether-etfs-largest-inflow-since-october
Stack
One day of Ether ETF inflows, $220.8M, made up nearly 30% of the fund's entire August total.
Story
Bitcoin ETFs are grinding to a record month. Ether ETFs just had one huge day that could be a catch-up trade or a one-off spike.
Full read: https://stackandstory.com/stories/ether-etfs-largest-inflow-since-october
StanChart says its own $100K bitcoin call might be too low
Stack
Standard Chartered cut its bitcoin target from $150K to $100K in February. Six months later it's second-guessing the cut, not the original call.
Story
A bank's price target moving twice in six months tells you the forecast is chasing price, not leading it.
Full read: https://stackandstory.com/stories/standard-chartered-100k-bitcoin-call-too-low
Stack
Standard Chartered cut its bitcoin target from $150K to $100K in February. Six months later it's second-guessing the cut, not the original call.
Story
A bank's price target moving twice in six months tells you the forecast is chasing price, not leading it.
Full read: https://stackandstory.com/stories/standard-chartered-100k-bitcoin-call-too-low
Bernstein says bitcoin's climb to $80K is an ETF flow story, not a new narrative.
Stack
Strategy's massive bitcoin stack just flipped back above its own average purchase price.
Story
The bounce isn't new demand, it's the same ETF flow mechanism reversing direction again.
Full read: https://stackandstory.com/stories/bitcoin-80k-etf-flows-rebound-bernstein
Stack
Strategy's massive bitcoin stack just flipped back above its own average purchase price.
Story
The bounce isn't new demand, it's the same ETF flow mechanism reversing direction again.
Full read: https://stackandstory.com/stories/bitcoin-80k-etf-flows-rebound-bernstein
BlackRock's IBIT grabbed 83% of Thursday's $606M bitcoin ETF inflow.
Stack
IBIT's share of daily inflows jumped from 55% to 83% in a single day, even as the total pie grew.
Story
Bitcoin ETF demand is back, but almost all of it is flowing through one fund, not eleven.
Full read: https://stackandstory.com/stories/blackrock-83-percent-bitcoin-etf-inflows
Stack
IBIT's share of daily inflows jumped from 55% to 83% in a single day, even as the total pie grew.
Story
Bitcoin ETF demand is back, but almost all of it is flowing through one fund, not eleven.
Full read: https://stackandstory.com/stories/blackrock-83-percent-bitcoin-etf-inflows
XRP's best week since 2024 was really bitcoin's short squeeze in disguise
Stack
Over 40 tokens posted 10%+ gains the same day XRP jumped, from ADA to GALA's 42% spike.
Story
XRP's ETF flows stayed flat while price surged 30%, meaning the rally wasn't driven by new buyers.
Full read: https://stackandstory.com/stories/xrp-30-percent-week-bitcoin-short-squeeze
Stack
Over 40 tokens posted 10%+ gains the same day XRP jumped, from ADA to GALA's 42% spike.
Story
XRP's ETF flows stayed flat while price surged 30%, meaning the rally wasn't driven by new buyers.
Full read: https://stackandstory.com/stories/xrp-30-percent-week-bitcoin-short-squeeze
CFTC bans Ellison and Wang from trading for 5 and 8 years
Stack
Cooperation math: Ellison got 2 years in prison but only a 5-year trading ban; Wang got time served but an 8-year ban.
Story
Helping prosecutors build the FTX case bought both executives lighter civil penalties than their criminal exposure would have been.
Full read: https://stackandstory.com/stories/ftx-ellison-wang-five-year-trading-bans
Stack
Cooperation math: Ellison got 2 years in prison but only a 5-year trading ban; Wang got time served but an 8-year ban.
Story
Helping prosecutors build the FTX case bought both executives lighter civil penalties than their criminal exposure would have been.
Full read: https://stackandstory.com/stories/ftx-ellison-wang-five-year-trading-bans
Grayscale's Zcash ETF just cleared another SEC filing hurdle
Stack
Zcash's market cap sits in the low billions, a rounding error next to Bitcoin's $1.9T, yet it could beat Monero to a US ETF.
Story
Every other altcoin ETF in the queue is fully transparent on-chain. Zcash has a shielded mode that hides sender, receiver and amount, and the SEC is still working through amendments instead of killing it.
Watch
Watch for a declared-effective date, a rejection citing the shielded pool by name, or another privacy-coin S-1 filed in the weeks after.
Full read: https://stackandstory.com/stories/grayscale-zcash-etf-amended-filing
Stack
Zcash's market cap sits in the low billions, a rounding error next to Bitcoin's $1.9T, yet it could beat Monero to a US ETF.
Story
Every other altcoin ETF in the queue is fully transparent on-chain. Zcash has a shielded mode that hides sender, receiver and amount, and the SEC is still working through amendments instead of killing it.
Watch
Watch for a declared-effective date, a rejection citing the shielded pool by name, or another privacy-coin S-1 filed in the weeks after.
Full read: https://stackandstory.com/stories/grayscale-zcash-etf-amended-filing
Zcash jumps 48% to $800 on Grayscale ETF filing buzz
Stack
- ZEC hit $800+ for the first time since 2016, a 48% single-move jump
- Zcash supply is capped at 21 million coins, mirroring bitcoin's schedule exactly
- Grayscale's ZEC trust has traded at persistent premiums/discounts to NAV for years
Story
This prices a wrapper, not privacy tech. Grayscale's bitcoin and ether ETFs popped when trust discounts closed, and ZEC's trust carries the same setup, so the rally could unwind once conversion clears.
Watch
- Watch whether the SEC approves or delays the Zcash ETF filing
- Watch whether ZEC's trust discount to NAV compresses toward zero before any conversion
Full read: https://stackandstory.com/stories/zcash-tops-800-grayscale-etf-push
Stack
- ZEC hit $800+ for the first time since 2016, a 48% single-move jump
- Zcash supply is capped at 21 million coins, mirroring bitcoin's schedule exactly
- Grayscale's ZEC trust has traded at persistent premiums/discounts to NAV for years
Story
This prices a wrapper, not privacy tech. Grayscale's bitcoin and ether ETFs popped when trust discounts closed, and ZEC's trust carries the same setup, so the rally could unwind once conversion clears.
Watch
- Watch whether the SEC approves or delays the Zcash ETF filing
- Watch whether ZEC's trust discount to NAV compresses toward zero before any conversion
Full read: https://stackandstory.com/stories/zcash-tops-800-grayscale-etf-push
Brussels can't figure out who to regulate in DeFi lending vaults
Stack
- EU consultation opened May 20, 2026, closes Sept. 30, 2026
- Morpho's Vault V2 splits control across 4 separate roles, no single "lender"
- MiCA's decentralization exemption has zero numeric or structural test attached
Story
Regulators want one entity to point at. Vault architecture was built so no single one exists, and that's structural, not a loophole.
Watch
- Watch whether the EU proposal uses a structural test (no manager, exit rights) or a decentralization-spectrum test
- Watch if lending vaults get split from asset-trading vaults in the final rule
Full read: https://stackandstory.com/stories/mica-defi-vaults-regulation-difficulty
Stack
- EU consultation opened May 20, 2026, closes Sept. 30, 2026
- Morpho's Vault V2 splits control across 4 separate roles, no single "lender"
- MiCA's decentralization exemption has zero numeric or structural test attached
Story
Regulators want one entity to point at. Vault architecture was built so no single one exists, and that's structural, not a loophole.
Watch
- Watch whether the EU proposal uses a structural test (no manager, exit rights) or a decentralization-spectrum test
- Watch if lending vaults get split from asset-trading vaults in the final rule
Full read: https://stackandstory.com/stories/mica-defi-vaults-regulation-difficulty
Crypto card spending crosses $1 billion milestone
Stack
- Crypto card spend topped $1B, per CoinDesk reporting.
- Stablecoin supply has grown past $250B in 2025.
- Issuers earn interchange fees on every stablecoin-funded swipe.
Story
Merchants never touch a token, they get paid in dollars like always. Stablecoins ride inside Visa and Mastercard's existing rails, and that's why the volume moved fast.
Watch
- Watch for issuer disclosures on interchange revenue from stablecoin cards.
- Watch stablecoin supply growth against card spend growth for real usage signal.
Full read: https://stackandstory.com/stories/crypto-card-spend-tops-1-billion
Stack
- Crypto card spend topped $1B, per CoinDesk reporting.
- Stablecoin supply has grown past $250B in 2025.
- Issuers earn interchange fees on every stablecoin-funded swipe.
Story
Merchants never touch a token, they get paid in dollars like always. Stablecoins ride inside Visa and Mastercard's existing rails, and that's why the volume moved fast.
Watch
- Watch for issuer disclosures on interchange revenue from stablecoin cards.
- Watch stablecoin supply growth against card spend growth for real usage signal.
Full read: https://stackandstory.com/stories/crypto-card-spend-tops-1-billion
Tether's $120M Uruguay bitcoin mine died over a missed signature
Stack
- UTE cut power to Tether's mining sites in July 2025 after a contract signing was missed
- The Uruguay project carried a reported $120 million price tag before collapsing
Story
A state utility didn't kill this deal on rate terms. Tether's own team skipped the signing of the revised contract.
Watch
- Watch whether Tether confirms a full write-off of the $120M
- Watch whether Tether's other Latin America mining sites hit similar contract snags
Full read: https://stackandstory.com/stories/tether-uruguay-bitcoin-mine-collapse
Stack
- UTE cut power to Tether's mining sites in July 2025 after a contract signing was missed
- The Uruguay project carried a reported $120 million price tag before collapsing
Story
A state utility didn't kill this deal on rate terms. Tether's own team skipped the signing of the revised contract.
Watch
- Watch whether Tether confirms a full write-off of the $120M
- Watch whether Tether's other Latin America mining sites hit similar contract snags
Full read: https://stackandstory.com/stories/tether-uruguay-bitcoin-mine-collapse
Fasset hits $1B valuation on a $68M round led by SBI
Stack
- Fasset raised $68 million in Series C funding, per The Block
- The round prices the company at a $1 billion valuation
- SBI Group, Japan's financial conglomerate, led the investment
Story
SBI doesn't fund hype, it funds infrastructure that pays off in years. This is a bet on stablecoins replacing correspondent banking in specific emerging-market corridors, priced before any public volume numbers exist.
Watch
- Watch for Fasset to disclose transaction volume or corridor counts within two quarters
- Watch whether SBI routes its own remittance flows through Fasset's rails
Full read: https://stackandstory.com/stories/fasset-unicorn-sbi-stablecoin-infrastructure
Stack
- Fasset raised $68 million in Series C funding, per The Block
- The round prices the company at a $1 billion valuation
- SBI Group, Japan's financial conglomerate, led the investment
Story
SBI doesn't fund hype, it funds infrastructure that pays off in years. This is a bet on stablecoins replacing correspondent banking in specific emerging-market corridors, priced before any public volume numbers exist.
Watch
- Watch for Fasset to disclose transaction volume or corridor counts within two quarters
- Watch whether SBI routes its own remittance flows through Fasset's rails
Full read: https://stackandstory.com/stories/fasset-unicorn-sbi-stablecoin-infrastructure