Crypto groups tell SEC: lock in ETF rules before the next wave hits.
Stack
- CCI wants non-ETF products to get the same regulatory efficiencies ETFs already have
- A16z says assess products by assets and risk, not by label
- Commenters split over how to treat event contracts inside fund structures
Story
This reads like paperwork lobbying. It's actually a race against the clock: every month the SEC spends classifying a staking ETF is a month issuers can't collect fees on it.
Watch
- Watch for SEC classification guidance before the next comment deadline closes
- Watch Q4 2026 novel ETF filing counts versus prior quarters
Full read: https://stackandstory.com/stories/crypto-lobby-sec-etf-classifications
Stack
- CCI wants non-ETF products to get the same regulatory efficiencies ETFs already have
- A16z says assess products by assets and risk, not by label
- Commenters split over how to treat event contracts inside fund structures
Story
This reads like paperwork lobbying. It's actually a race against the clock: every month the SEC spends classifying a staking ETF is a month issuers can't collect fees on it.
Watch
- Watch for SEC classification guidance before the next comment deadline closes
- Watch Q4 2026 novel ETF filing counts versus prior quarters
Full read: https://stackandstory.com/stories/crypto-lobby-sec-etf-classifications
Ether, XRP ETF streaks snap same day Bitcoin funds bounce back
Stack
- Ether ETFs: $48M out Wednesday after $1.62B in over 12 days
- XRP ETFs: $7.2M out after $170M in over 11 days
- Bitcoin ETFs: $101.2M in, reversing a $236.5M outflow day prior
Story
This looks like rotation out of altcoins into Bitcoin. It's really every asset falling together, with Bitcoin just falling less.
Watch
- Watch if Ether outflows run past one session or reverse back to inflow
- Watch if BlackRock's staked ETH fund keeps absorbing ETHA's redemptions
Full read: https://stackandstory.com/stories/ether-xrp-etf-streaks-end-bitcoin-rebound
Stack
- Ether ETFs: $48M out Wednesday after $1.62B in over 12 days
- XRP ETFs: $7.2M out after $170M in over 11 days
- Bitcoin ETFs: $101.2M in, reversing a $236.5M outflow day prior
Story
This looks like rotation out of altcoins into Bitcoin. It's really every asset falling together, with Bitcoin just falling less.
Watch
- Watch if Ether outflows run past one session or reverse back to inflow
- Watch if BlackRock's staked ETH fund keeps absorbing ETHA's redemptions
Full read: https://stackandstory.com/stories/ether-xrp-etf-streaks-end-bitcoin-rebound
SoFi trades its bank charter for Kraken's order books
Stack
- SoFi holds a national bank charter, rare among crypto-adjacent firms, per Decrypt
- Kraken Prime now executes trades for SoFi's entire crypto customer base
- Deal bundles three legs: settlement network access, SoFiUSD listing, and Prime liquidity
Story
This reads like a stablecoin listing but it's a settlement-rail sale. SoFi's bank charter is the product; Kraken's order books are the payment.
Watch
- SoFiUSD volume on Kraken in its first full quarter listed
- Any second exchange signing onto SoFi's settlement network within two quarters
Full read: https://stackandstory.com/stories/sofi-stablecoin-kraken-settlement-deal
Stack
- SoFi holds a national bank charter, rare among crypto-adjacent firms, per Decrypt
- Kraken Prime now executes trades for SoFi's entire crypto customer base
- Deal bundles three legs: settlement network access, SoFiUSD listing, and Prime liquidity
Story
This reads like a stablecoin listing but it's a settlement-rail sale. SoFi's bank charter is the product; Kraken's order books are the payment.
Watch
- SoFiUSD volume on Kraken in its first full quarter listed
- Any second exchange signing onto SoFi's settlement network within two quarters
Full read: https://stackandstory.com/stories/sofi-stablecoin-kraken-settlement-deal
Coinbase asks SEC to let stocks trade like crypto: nonstop.
Stack
- NYSE/Nasdaq cash sessions run ~6.5 hours a day, five days a week
- Coinbase already runs 24/7 crypto derivatives via its CFTC-registered arm
- Filing seeks approval for equity perpetuals with no expiry, no daily close
Story
This isn't a new listing request. Coinbase is trying to move equity exposure into a derivatives wrapper it already controls, sidestepping the exchanges' clearing and settlement systems entirely.
Watch
- Watch whether the SEC opens comment or denies outright, and how it classifies the product
- Watch for CME or Cboe filing rival equity-perpetual proposals once this goes public
Full read: https://stackandstory.com/stories/coinbase-24-7-equity-perpetuals-sec
Stack
- NYSE/Nasdaq cash sessions run ~6.5 hours a day, five days a week
- Coinbase already runs 24/7 crypto derivatives via its CFTC-registered arm
- Filing seeks approval for equity perpetuals with no expiry, no daily close
Story
This isn't a new listing request. Coinbase is trying to move equity exposure into a derivatives wrapper it already controls, sidestepping the exchanges' clearing and settlement systems entirely.
Watch
- Watch whether the SEC opens comment or denies outright, and how it classifies the product
- Watch for CME or Cboe filing rival equity-perpetual proposals once this goes public
Full read: https://stackandstory.com/stories/coinbase-24-7-equity-perpetuals-sec
Bitcoin ETFs post $731M day, best since January.
Stack
- $731M flowed into US bitcoin ETFs in a single day, the largest since January.
- Ether and XRP ETF inflow streaks broke on that same trading day.
- The catalyst was Fed Governor Waller's dovish rate comments, not bitcoin-specific news.
Story
This was a rate trade routed through the biggest liquid crypto pipe, not a return of conviction in bitcoin. Ether and XRP funds sat out the same day, and that split is the tell.
Watch
- Watch if net inflows hold above $200M for the next two to three sessions.
- Watch whether ether and XRP ETFs join the next leg up.
Full read: https://stackandstory.com/stories/bitcoin-etf-731-million-inflow-waller
Stack
- $731M flowed into US bitcoin ETFs in a single day, the largest since January.
- Ether and XRP ETF inflow streaks broke on that same trading day.
- The catalyst was Fed Governor Waller's dovish rate comments, not bitcoin-specific news.
Story
This was a rate trade routed through the biggest liquid crypto pipe, not a return of conviction in bitcoin. Ether and XRP funds sat out the same day, and that split is the tell.
Watch
- Watch if net inflows hold above $200M for the next two to three sessions.
- Watch whether ether and XRP ETFs join the next leg up.
Full read: https://stackandstory.com/stories/bitcoin-etf-731-million-inflow-waller
Zcash tops $1,000 but miners are the ones feeling the squeeze
Stack
- ZEC hit its highest price since 2018, crossing $1,000
- Grayscale's ZCSH has logged a multi-week inflow streak
- Network difficulty is rising faster than the price gain it's supposed to reward
Story
The ETF inflow story is real, but it's not the whole picture. Miners piling into Zcash are watching their margins shrink even as the price climbs, because difficulty is outrunning the rally.
Watch
- Watch if mining difficulty plateaus over the next two to three adjustment cycles
- Watch whether ZCSH inflows hold steady without a matching hashrate spike
Full read: https://stackandstory.com/stories/zcash-tops-1000-etf-inflows-miners
Stack
- ZEC hit its highest price since 2018, crossing $1,000
- Grayscale's ZCSH has logged a multi-week inflow streak
- Network difficulty is rising faster than the price gain it's supposed to reward
Story
The ETF inflow story is real, but it's not the whole picture. Miners piling into Zcash are watching their margins shrink even as the price climbs, because difficulty is outrunning the rally.
Watch
- Watch if mining difficulty plateaus over the next two to three adjustment cycles
- Watch whether ZCSH inflows hold steady without a matching hashrate spike
Full read: https://stackandstory.com/stories/zcash-tops-1000-etf-inflows-miners
Bitcoin ETFs post best 3-week run of 2026, still red for the year.
Stack
- Three-week Bitcoin ETF inflow: $3.8B, the strongest stretch of 2026, per SoSoValue.
- One fund, IBIT, took 67% of Friday's $174.6M total inflow.
- Ether ETF inflows fell 74% and XRP ETF inflows fell 83% the same week.
Story
The "demand is back" headline skips the fine print: year-to-date Bitcoin ETF flows are still about $1B negative, and Friday's inflow came almost entirely from one fund. This looks like money rotating out of Ether and XRP ETFs into Bitcoin, not new capital showing up.
Watch
- Watch whether year-to-date Bitcoin ETF flows turn positive from -$1B.
- Watch whether inflows broaden past IBIT and FBTC to the rest of the field.
Full read: https://stackandstory.com/stories/btc-etf-3-8-billion-three-week-run-still-negative-2026
Stack
- Three-week Bitcoin ETF inflow: $3.8B, the strongest stretch of 2026, per SoSoValue.
- One fund, IBIT, took 67% of Friday's $174.6M total inflow.
- Ether ETF inflows fell 74% and XRP ETF inflows fell 83% the same week.
Story
The "demand is back" headline skips the fine print: year-to-date Bitcoin ETF flows are still about $1B negative, and Friday's inflow came almost entirely from one fund. This looks like money rotating out of Ether and XRP ETFs into Bitcoin, not new capital showing up.
Watch
- Watch whether year-to-date Bitcoin ETF flows turn positive from -$1B.
- Watch whether inflows broaden past IBIT and FBTC to the rest of the field.
Full read: https://stackandstory.com/stories/btc-etf-3-8-billion-three-week-run-still-negative-2026
Crypto issuers want SEC speed; market makers want the paper trail
Stack
- Nearly 80 spot crypto ETF applications are stacked in the SEC's docket right now
- Current SEC exemptive-relief review windows run up to 240 days
- Jane Street and Schwab, top ETF market makers, filed formal objections in the same docket
Story
Issuers want confidential drafts to move fast. The market makers who'd hold the inventory if a launch breaks want the public review that catches it first.
Watch
- Does the final SEC rule include a confidential-draft option
- Does any fast-track approval extend past BTC/ETH into thinner altcoin ETFs first
Full read: https://stackandstory.com/stories/sec-etf-fast-track-splits-crypto-industry
Stack
- Nearly 80 spot crypto ETF applications are stacked in the SEC's docket right now
- Current SEC exemptive-relief review windows run up to 240 days
- Jane Street and Schwab, top ETF market makers, filed formal objections in the same docket
Story
Issuers want confidential drafts to move fast. The market makers who'd hold the inventory if a launch breaks want the public review that catches it first.
Watch
- Does the final SEC rule include a confidential-draft option
- Does any fast-track approval extend past BTC/ETH into thinner altcoin ETFs first
Full read: https://stackandstory.com/stories/sec-etf-fast-track-splits-crypto-industry
BOK finds dollar stablecoins can weaken the won, no crisis needed.
Stack
- Dollar tokens make up most of the 170B+ stablecoin market, per public trackers
- BOK models the effect scaling with stablecoin holdings vs monetary base, not shock events
- Won-to-stablecoin retail conversion has risen since exchanges expanded won on-ramps
Story
The default read calls this a stablecoin-risk warning. The BOK paper is a currency-policy paper: ordinary retail dollar-token buying can move an exchange rate with zero drama involved.
Watch
- Watch for a formal cap or reporting rule on retail stablecoin conversion volume
- Watch won stablecoin trading volume for acceleration past historical dollar-deposit substitution rates
Full read: https://stackandstory.com/stories/bok-dollar-stablecoins-weaken-local-currency
Stack
- Dollar tokens make up most of the 170B+ stablecoin market, per public trackers
- BOK models the effect scaling with stablecoin holdings vs monetary base, not shock events
- Won-to-stablecoin retail conversion has risen since exchanges expanded won on-ramps
Story
The default read calls this a stablecoin-risk warning. The BOK paper is a currency-policy paper: ordinary retail dollar-token buying can move an exchange rate with zero drama involved.
Watch
- Watch for a formal cap or reporting rule on retail stablecoin conversion volume
- Watch won stablecoin trading volume for acceleration past historical dollar-deposit substitution rates
Full read: https://stackandstory.com/stories/bok-dollar-stablecoins-weaken-local-currency
Trezor's breach count jumps sevenfold to nearly 79,000 US customers
Stack
- Original breach: 11,742 customers across 7 countries
- New disclosure: 67,000 more US customers exposed
- Data spans 21 months of orders, Nov 2019 to Aug 2021
Story
Trezor's devices and keys were never touched. Its shipping vendor held deleted data for years despite written confirmation it was gone.
Watch
- Watch for a filing naming ShipMonk or a contract penalty disclosure
- Watch for other ShipMonk clients issuing similar breach updates
Full read: https://stackandstory.com/stories/trezor-breach-grows-67000-more-us-users
Stack
- Original breach: 11,742 customers across 7 countries
- New disclosure: 67,000 more US customers exposed
- Data spans 21 months of orders, Nov 2019 to Aug 2021
Story
Trezor's devices and keys were never touched. Its shipping vendor held deleted data for years despite written confirmation it was gone.
Watch
- Watch for a filing naming ShipMonk or a contract penalty disclosure
- Watch for other ShipMonk clients issuing similar breach updates
Full read: https://stackandstory.com/stories/trezor-breach-grows-67000-more-us-users
Tether-backed exchange Orionx shuts down over $7M missing from custody
Stack
- $7M+ in customer assets sat outside Orionx's custody wallets, per its own announcement
- Alleged transfers date to 2018-2021, years before any audit caught them
- One linked wallet allegedly received 4.1M USDT plus 187 ETH and 200K USDC
Story
Tether backed this exchange in June 2025. The alleged shortfall traces back to 2018. A compliance review, not diligence, is what finally found the hole.
Watch
- Watch whether court filings pin down an exact transfer date within 2018-2021
- Watch how much of the $7M actually gets returned to clients
Full read: https://stackandstory.com/stories/orionx-shuts-down-7m-custody-gap
Stack
- $7M+ in customer assets sat outside Orionx's custody wallets, per its own announcement
- Alleged transfers date to 2018-2021, years before any audit caught them
- One linked wallet allegedly received 4.1M USDT plus 187 ETH and 200K USDC
Story
Tether backed this exchange in June 2025. The alleged shortfall traces back to 2018. A compliance review, not diligence, is what finally found the hole.
Watch
- Watch whether court filings pin down an exact transfer date within 2018-2021
- Watch how much of the $7M actually gets returned to clients
Full read: https://stackandstory.com/stories/orionx-shuts-down-7m-custody-gap
Stablecoin payments hit $390B annualized, just 0.02% of the market they target.
Stack
- Genuine stablecoin payments ran ~$390B annualized in late 2025, per Decrypt
- That's roughly 0.02% of the $208T cross-border payments market
- Single-bank dependency flagged as the sector's most underrated operating risk
Story
Stablecoin tech already works. The 0.02% figure shows the bottleneck is bank relationships, not blockchain speed, and most issuers depend on just one bank to move fiat at both ends.
Watch
- Watch whether stablecoin issuers add a second banking partner
- Watch if the $390B figure grows faster than global cross-border volume
Full read: https://stackandstory.com/stories/stablecoins-bank-bottleneck
Stack
- Genuine stablecoin payments ran ~$390B annualized in late 2025, per Decrypt
- That's roughly 0.02% of the $208T cross-border payments market
- Single-bank dependency flagged as the sector's most underrated operating risk
Story
Stablecoin tech already works. The 0.02% figure shows the bottleneck is bank relationships, not blockchain speed, and most issuers depend on just one bank to move fiat at both ends.
Watch
- Watch whether stablecoin issuers add a second banking partner
- Watch if the $390B figure grows faster than global cross-border volume
Full read: https://stackandstory.com/stories/stablecoins-bank-bottleneck
600 BTC from 2010 just moved. It's not Satoshi's.
Stack
- 600 BTC (~$48M) dormant since March 2010 moved in one day
- 2 independent trackers both cleared any link to Satoshi Nakamoto
- 1 address moved early, a likely test transaction before the rest followed
Story
Everyone reads a dormant 2010 wallet moving as a Satoshi signal. Two independent trackers checked the block provenance and neither found a link, this reads like an early miner finally touching cold storage.
Watch
- Watch if the coins consolidate into one wallet, confirming a single owner
- Watch for further 2010-2011 mining-era wallets waking in the next 30 days
Full read: https://stackandstory.com/stories/600-btc-2010-dormant-wakes-not-satoshi
Stack
- 600 BTC (~$48M) dormant since March 2010 moved in one day
- 2 independent trackers both cleared any link to Satoshi Nakamoto
- 1 address moved early, a likely test transaction before the rest followed
Story
Everyone reads a dormant 2010 wallet moving as a Satoshi signal. Two independent trackers checked the block provenance and neither found a link, this reads like an early miner finally touching cold storage.
Watch
- Watch if the coins consolidate into one wallet, confirming a single owner
- Watch for further 2010-2011 mining-era wallets waking in the next 30 days
Full read: https://stackandstory.com/stories/600-btc-2010-dormant-wakes-not-satoshi
Hackers drain $320M from Blockstream's Liquid Network reserve
Stack
- Treasury held over 4,200 BTC before, just 207 BTC after
- 4,019.4 BTC moved out via a single peg-out transaction
- 11-of-15 signers approved it, HSMs fooled by a fake mint
Story
The multisig didn't get bypassed, it got tricked. Eleven honest signers approved a fraudulent withdrawal because the underlying mint looked valid, which means federation security failed at the exact layer it was built to protect.
Watch
- Watch whether attackers negotiate a return via their onchain contact messages
- Watch whether Blockstream discloses and patches the specific consensus bug before reopening bridges
Full read: https://stackandstory.com/stories/liquid-network-federation-loses-4000-btc
Stack
- Treasury held over 4,200 BTC before, just 207 BTC after
- 4,019.4 BTC moved out via a single peg-out transaction
- 11-of-15 signers approved it, HSMs fooled by a fake mint
Story
The multisig didn't get bypassed, it got tricked. Eleven honest signers approved a fraudulent withdrawal because the underlying mint looked valid, which means federation security failed at the exact layer it was built to protect.
Watch
- Watch whether attackers negotiate a return via their onchain contact messages
- Watch whether Blockstream discloses and patches the specific consensus bug before reopening bridges
Full read: https://stackandstory.com/stories/liquid-network-federation-loses-4000-btc
Bitcoin ETFs pull $987M in a week, $3.52B for August
Stack
- Spot BTC ETFs took in $987M in one week, per The Block
- August net inflows hit $3.52B, best month since September 2025
- A $731M single-day print came just weeks earlier on Fed bets
Story
The default take says institutional demand is back. The tape says it's rate-sensitive money that showed up when Fed-cut odds moved, which means it can leave the same way.
Watch
- September monthly flows holding near $3B without a fresh Fed catalyst
- Weekly inflows staying positive through any hawkish Fed surprise
Full read: https://stackandstory.com/stories/bitcoin-etfs-987-million-weekly-inflow
Stack
- Spot BTC ETFs took in $987M in one week, per The Block
- August net inflows hit $3.52B, best month since September 2025
- A $731M single-day print came just weeks earlier on Fed bets
Story
The default take says institutional demand is back. The tape says it's rate-sensitive money that showed up when Fed-cut odds moved, which means it can leave the same way.
Watch
- September monthly flows holding near $3B without a fresh Fed catalyst
- Weekly inflows staying positive through any hawkish Fed surprise
Full read: https://stackandstory.com/stories/bitcoin-etfs-987-million-weekly-inflow
Hacken finds Tether's $91B supply guarded by just two signatures.
Stack
- USDT's circulating supply sits near $91 billion, per CoinDesk's report on the Hacken review
- Tether's minting multisig needs only two approvals to authorize new issuance
- USDT supply has roughly tripled since 2022 with no visible change to the key structure
Story
A rating upgrade measures reserves, not key security. Hacken's finding is about the number two: that's how few signatures stand between $91 billion and a breach.
Watch
- Watch for Tether disclosing signer custody details or HSM practices
- Watch for any move to raise the multisig threshold or add signers
Full read: https://stackandstory.com/stories/tether-91-billion-two-key-signature-risk
Stack
- USDT's circulating supply sits near $91 billion, per CoinDesk's report on the Hacken review
- Tether's minting multisig needs only two approvals to authorize new issuance
- USDT supply has roughly tripled since 2022 with no visible change to the key structure
Story
A rating upgrade measures reserves, not key security. Hacken's finding is about the number two: that's how few signatures stand between $91 billion and a breach.
Watch
- Watch for Tether disclosing signer custody details or HSM practices
- Watch for any move to raise the multisig threshold or add signers
Full read: https://stackandstory.com/stories/tether-91-billion-two-key-signature-risk
Visa's stablecoin settlement run rate hits $20B, up 15x in a year
Stack
- Visa's stablecoin settlement run rate tops $20B, up more than 15x year over year
- Payment volume tied to that settlement grew nearly 200% in the same period
- Visa's total annual payments volume runs near $15 trillion for scale
Story
This isn't Visa courting crypto users. It's Visa cutting its own settlement costs by routing bank-to-bank flow through stablecoins instead of correspondent banking.
Watch
- Watch for stablecoin volume showing up in Visa's 10-K as an audited line item
- Watch whether Mastercard reports a matching settlement figure
Full read: https://stackandstory.com/stories/visa-stablecoin-settlement-20-billion-run-rate
Stack
- Visa's stablecoin settlement run rate tops $20B, up more than 15x year over year
- Payment volume tied to that settlement grew nearly 200% in the same period
- Visa's total annual payments volume runs near $15 trillion for scale
Story
This isn't Visa courting crypto users. It's Visa cutting its own settlement costs by routing bank-to-bank flow through stablecoins instead of correspondent banking.
Watch
- Watch for stablecoin volume showing up in Visa's 10-K as an audited line item
- Watch whether Mastercard reports a matching settlement figure
Full read: https://stackandstory.com/stories/visa-stablecoin-settlement-20-billion-run-rate
Miners are the only crypto stocks losing to bitcoin's own rally.
Stack
- Only Canaan among tracked miners has beaten bitcoin's price this cycle, per The Block
- Exchange and stablecoin equities have outrun both miners and bitcoin over the same stretch
Story
Miners aren't underperforming because they're bad businesses. Their revenue is capped by a fixed, shrinking block reward while exchanges and stablecoin issuers scale with volume.
Watch
- Watch revenue-per-terahash trends across major miners next two quarters
- Watch whether more miners copy Canaan's pivot into hardware and hosting revenue
Full read: https://stackandstory.com/stories/bitcoin-miners-missing-crypto-rally
Stack
- Only Canaan among tracked miners has beaten bitcoin's price this cycle, per The Block
- Exchange and stablecoin equities have outrun both miners and bitcoin over the same stretch
Story
Miners aren't underperforming because they're bad businesses. Their revenue is capped by a fixed, shrinking block reward while exchanges and stablecoin issuers scale with volume.
Watch
- Watch revenue-per-terahash trends across major miners next two quarters
- Watch whether more miners copy Canaan's pivot into hardware and hosting revenue
Full read: https://stackandstory.com/stories/bitcoin-miners-missing-crypto-rally
Block files for a federal bank charter that can't take deposits
Stack
- Block's Builders Bank would take zero deposits and make zero loans, per Cointelegraph
- Circle and BitGo already hold final OCC approval for the same charter type
- Ripple, Payward and Zerohash are all in the same OCC queue as Block
Story
This isn't Block chasing legitimacy alone, it's the fifth firm in a queue the OCC already validated with Circle and BitGo. The real story is how fast that queue is filling.
Watch
- Does the OCC attach conditions to Builders Bank like it did with Ripple
- Which applicant, Payward or Zerohash, clears the OCC first
Full read: https://stackandstory.com/stories/block-trust-bank-charter-bitcoin-stablecoin
Stack
- Block's Builders Bank would take zero deposits and make zero loans, per Cointelegraph
- Circle and BitGo already hold final OCC approval for the same charter type
- Ripple, Payward and Zerohash are all in the same OCC queue as Block
Story
This isn't Block chasing legitimacy alone, it's the fifth firm in a queue the OCC already validated with Circle and BitGo. The real story is how fast that queue is filling.
Watch
- Does the OCC attach conditions to Builders Bank like it did with Ripple
- Which applicant, Payward or Zerohash, clears the OCC first
Full read: https://stackandstory.com/stories/block-trust-bank-charter-bitcoin-stablecoin
BTC ETFs lose $167M, but ETH and SOL funds are back in the green
Stack
- ARKB and GBTC shed $69.9M and $92.7M combined over two days
- ETH ETFs took in $34.7M Wednesday, same day IBIT lost $19.5M
- 2026 net BTC ETF flows are still -$1.07B despite $55B in lifetime inflows
Story
This reads like risk-off but it's rotation. Money left Bitcoin funds and landed in Ether and Solana ETFs the same two days.
Watch
- Do ETH/SOL ETFs stay net positive next week while BTC stays negative?
- Does GBTC's $92.7M two-day loss keep accelerating on its own?
Full read: https://stackandstory.com/stories/bitcoin-etfs-167m-outflow-after-inflow-run
Stack
- ARKB and GBTC shed $69.9M and $92.7M combined over two days
- ETH ETFs took in $34.7M Wednesday, same day IBIT lost $19.5M
- 2026 net BTC ETF flows are still -$1.07B despite $55B in lifetime inflows
Story
This reads like risk-off but it's rotation. Money left Bitcoin funds and landed in Ether and Solana ETFs the same two days.
Watch
- Do ETH/SOL ETFs stay net positive next week while BTC stays negative?
- Does GBTC's $92.7M two-day loss keep accelerating on its own?
Full read: https://stackandstory.com/stories/bitcoin-etfs-167m-outflow-after-inflow-run
Uniswap's new hook charges stablecoin traders by the risk they carry
Stack
- Static stablecoin pools on Uniswap v3 often ran fees as low as 0.01%
- Uniswap remains the largest DEX by trading volume industry-wide
- Curve's StableSwap has held stablecoin liquidity dominance for years
Story
Flat fees on stablecoin pairs quietly pay arbitrage bots at LPs' expense. Dynamic fees are Uniswap's move to take that spread back and go after Curve's turf.
Watch
- USDC/USDT liquidity migrating from v3 static pools into v4 StablePair pools
- Curve's stablecoin volume or fee revenue dipping after the rollout
Full read: https://stackandstory.com/stories/uniswap-stablepair-hook-lp-fees
Stack
- Static stablecoin pools on Uniswap v3 often ran fees as low as 0.01%
- Uniswap remains the largest DEX by trading volume industry-wide
- Curve's StableSwap has held stablecoin liquidity dominance for years
Story
Flat fees on stablecoin pairs quietly pay arbitrage bots at LPs' expense. Dynamic fees are Uniswap's move to take that spread back and go after Curve's turf.
Watch
- USDC/USDT liquidity migrating from v3 static pools into v4 StablePair pools
- Curve's stablecoin volume or fee revenue dipping after the rollout
Full read: https://stackandstory.com/stories/uniswap-stablepair-hook-lp-fees