Research & analysis
Where the market is stretched, where leverage is building and where it's starting to unwind — original reporting grounded in live cross-exchange data, not vibes.

Longs took 79% of a $692M liquidation day, led by $363M in BTC
The last 24 hours flushed $546.9M of long positions against $145.3M of shorts — one of the most one-sided washouts of the summer.

Leverage risk hits 80/100 in micro-caps as Bitcoin idles at 9
Quantority's risk board is a barbell right now: obscure perps stretched to the top of the scale while the majors sit near record calm.

Solana open interest halves to $684M in a one-week unwind
Half the leverage in SOL perpetuals has vanished in seven days — the sharpest deleveraging among major crypto markets right now.

Russia caps retail crypto buys at 300,000 rubles annually
Moscow's State Duma legalized regulated cryptocurrency trading for consumers, but non-qualified buyers face strict annual purchase limits.

Movement Labs files Chapter 11 as token scandal unravels
The cross-border payments startup collapses after internal probe, exchange ban and strategic reset fail to stem losses.

Ethereum hits 10% dominance as $11.08B OI surge masks missing catalyst
Ether reclaimed a tenth of total crypto market value while perpetual futures positioning swelled, but analysts struggle to pinpoint what drove the move.

Treasury Freezes $130M in Iran-Linked Crypto, Signals New Asset Hunt
The U.S. Treasury has frozen a $130 million cryptocurrency wallet tied to Iran's IRGC as part of a coordinated effort to track and seize assets linked to Supreme Leader Ali Khamenei.

LSE 24 plans 24/5 trading by end-2026 in shift to round-the-clock markets
London Stock Exchange is building a new venue that trades nearly round-the-clock, launching ETPs in the first half of 2027 to capture flows beyond traditional hours.

LINK hits $8.71 as top-20 best performer on 10% weekly surge
Chainlink rallied past rivals this week, reaching its highest price since June on the back of broad market momentum and shifting derivatives positioning.

Russian parliament passes crypto regulation framework to Putin
Moscow's State Duma has approved legislation establishing legal rules for crypto trading, now awaiting presidential signature.

Armstrong tells traders not to mine his X posts for memecoin signals
Coinbase CEO Brian Armstrong has warned against treating his social media account as a source of trading intelligence after the BRIAN token collapsed.

XRP funding jumps to 9.23% APR as open interest hits $0.69B
XRP's 5% intraday move arrives as perpetual funding rates surge, signaling renewed leverage positioning despite ongoing year-long price correction.

UK Parliament opens banking-access inquiry with no scope yet clear
A parliamentary group has launched a probe into how banking restrictions affect crypto firms and consumers, but details remain sparse.

CoinShares targets $30T European UCITS market with new platform
CoinShares is building infrastructure to funnel institutional capital into crypto through Europe's largest investment vehicle framework.

Funding extremes: the most stretched perpetuals
Where cross-exchange funding sits furthest from neutral right now.

Highest leverage risk in crypto perpetuals right now
The coins our 0-100 leverage risk score flags as most stretched.

Open interest is building fastest in these markets
Where leverage is entering quickest, by 24h open-interest change.

This week in crypto perpetual futures
A cross-exchange read on the largest derivatives markets.

ERA open interest jumps +443.1% in 24h — fresh leverage is entering
Total ERA open interest now stands at $13.9M. Funding is -1913.21% annualized.

ZEC open interest drops -67.3% in 24h as leverage unwinds
Total ZEC open interest now stands at $137.3M. Funding is 12.57% annualized.

LA open interest jumps +282.6% in 24h — fresh leverage is entering
Total LA open interest now stands at $12.6M. Funding is -3310.18% annualized.

DEXE open interest drops -15.3% in 24h as leverage unwinds
Total DEXE open interest now stands at $61.3M. Funding is -2971.18% annualized.

NIGHT open interest jumps +24.6% in 24h — fresh leverage is entering
Total NIGHT open interest now stands at $10.2M. Funding is -72.41% annualized.

CRV open interest drops -37.8% in 24h as leverage unwinds
Total CRV open interest now stands at $21.9M. Funding is 10.95% annualized.

EPIC funding hits 31.02% APR as longs crowd the market
Funding sits at the 91st percentile of EPIC's own 90-day range, with $14.0M of open interest at stake.

Half of US voters reject government equity stakes in companies
A new poll shows 50% of Americans oppose federal ownership in private firms, even as the government completes 30 deals worth $26.7 billion since 2025.

Ripple CTO sold ETH at $1, XRP at $0.10—both regrets
David Schwartz attributes early exits from two major crypto holdings to risk aversion, not lack of conviction, as both assets have since rallied.

Bitcoin touches $65,500 as semiconductor ETF inflows cross $600M
Asian chip stocks rally and persistent fund buying signal renewed appetite for risk assets tied to AI and tech infrastructure.

Kioxia down 45% in a month, yet analysts target 118% upside
A memory-chip maker's sharp one-month decline has not swayed Wall Street's conviction on long-term recovery.

SEC charges Florida operation in $22M crypto mining fraud
Federal regulators have brought enforcement action against a Florida-based entity accused of extracting $22 million from over 380 retail investors through a mining scheme.

Vietnam fines retail crypto traders $1,900 for offshore exchange use
Retail traders using Binance and OKX in Vietnam face penalties as Asian regulators tighten enforcement against offshore platforms.

Abu Dhabi grants Tether Gold commodity status for regulated firms
Abu Dhabi Global Market now permits licensed financial institutions to offer services around tokenized gold, marking official acceptance of digital commodity infrastructure.

Grayscale files first Worldcoin ETF for U.S. market entry
Grayscale has submitted an SEC filing to launch a Worldcoin exchange-traded fund, potentially opening the token to retail investors on domestic exchanges.

Hut 8 Lands Second $9.8B AI Data Center Lease
Bitcoin miner Hut 8 secured a 15-year agreement to lease AI infrastructure, pivoting away from pure crypto mining into high-margin compute rental.

2,000 ETH Wallet Wakes After 11 Years, First Since June
A long-dormant Ethereum address holding two thousand coins has been activated, marking the earliest revival of a pre-mine wallet since summer.

Russia advances crypto fraud bill as BTC leverage risk climbs 14/100
State Duma considers legislation targeting illegal cryptocurrency use, while Bitcoin positioning shows growing leverage exposure.

Bitmine's 5.78M ETH hoard hits 5% of network supply
A treasury firm's week-long accumulation of 7,430 ETH underscores growing institutional appetite for Ethereum over Bitcoin.

XRP holding above demand zone as $0.66B open interest shrinks
Ripple faces seller pressure on daily charts but clings to key support, while futures positioning weakens

MicroStrategy Raised $263.5M Without Buying Bitcoin
MicroStrategy sold shares to raise $263.5 million but did not deploy the capital into Bitcoin, signaling a shift in its acquisition strategy.

Bitmine holds 4.8% of all Ethereum as buyback halts ETH buying
Corporate Treasury holds nearly 5% of global ETH supply, but slashes weekly purchases to fund stock repurchase.

Bitcoin Whale Accumulation Peaks in 5 Months as Mid-Sized Holders Dump
Large Bitcoin holders are buying at their fastest pace in five months, but mid-sized wallets are selling aggressively—a divergence signaling conflicting conviction.

XRP Ledger Metrics Recover While $660M Open Interest Sits Flat
On-chain health is improving for XRP, but futures positioning shows traders remain unconvinced price will follow.

RWA provenance push lacks crypto clarity, tokenization unclear
A New Zealand firm launched a 500-year Yixing Zisha Teapots authentication initiative, but the blockchain angle remains opaque.

Bitcoin Faces Two Core Problems, Palihapitiya Says
Venture capitalist Chamath Palihapitiya identified two main challenges for Bitcoin, but U.Today's reporting omits the specifics.

Bitcoin mining debate lacks hard numbers as OI drops 43.5%
Coinbase CEO and Chamath clash on whether AI competition for mining energy will tank BTC price—but neither has published evidence.

Three macro catalysts converge week of July 20; ECB rate call in focus
U.S. regulatory action, corporate earnings and a European central bank decision shape crypto markets as the week opens.

Funding extremes: the most stretched perpetuals
Where cross-exchange funding sits furthest from neutral right now.

Highest leverage risk in crypto perpetuals right now
The coins our 0-100 leverage risk score flags as most stretched.

Open interest is building fastest in these markets
Where leverage is entering quickest, by 24h open-interest change.

This week in crypto perpetual futures
A cross-exchange read on the largest derivatives markets.

PUMP token rallies 18% as Ansem buys into Solana launchpad
Crypto trader Ansem's bullish disclosure pushed Pump.fun's token to a two-month high on Monday, extending a weekend jump that caught meme-coin momentum.

Bitcoin flat at $64K as oil surge and AI shock split attention
Brent crude jumped 4% on escalating Middle East tensions while Kimi AI's collapse dragged Asian tech down.

Bitcoin ETFs pull in $273M, but it masks deeper outflow wounds
Two weeks of inflows barely dent months of selling pressure on spot Bitcoin funds.

SOL's 51.7% OI Collapse Signals Trader Retreat Amid Low Volatility
Solana's futures positioning collapsed while funding rates stayed elevated, revealing a market bracing for moves that haven't materialized.

Bitcoin eyes $80K as CLARITY Act fate dims on Trump ethics
The crypto sector's push for regulatory clarity faces long odds this week as prediction markets surge and leverage risk tightens.

Allbridge loses $1.65M to flash-loan exploit on stablecoin bridge
A cross-chain bridge operator paused service after an attacker used rapid swaps and borrowed liquidity to drain funds.

Kraken's Fed Master Account Sits Dormant Months After Approval
The exchange secured historic central bank authorization but hasn't activated the account yet—and CEO Brian Mathena's explanation raises questions about what "approval" really means.

Saylor's 110-point Bitcoin essay targets BIP-110 as soft fork vote nears
Michael Saylor released a lengthy opposition to the proposed BIP-110 soft fork, with a major Bitcoin announcement expected Monday.

Brent crude tops $90 amid Iran conflict, Bitcoin OI drops 42.8%
Oil surge on Middle East tension reignites inflation fears and cuts leveraged crypto bets sharply.

Saylor cites 110 reasons against BIP-110 Bitcoin fork plan
The largest corporate Bitcoin holder publicly opposes a temporary fork proposal, though he backs its underlying goals.