How the Basis Trade Unwind Could Affect Bitcoin and Crypto
The Federal Reserve intervened when this crowded trade unwound during the coronavirus pandemic.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels. The benchmark 10...
Ethena Starts Backing USDe With Tokenized Stocks on Binance, Its First Equity Basis Venue
Ethena Labs will start backing its USDe synthetic dollar with tokenized U.S. stocks, naming Binance as the first venue for extendi...
SEC Clarifies When Crypto Buybacks And Network Upgrades Can Raise Securities Questions
TL;DR SEC staff has published new FAQs explaining how federal securities laws may apply to crypto-asset buybacks, network upgrades...
Fed October Decision Polymarket Odds: October Rate Hike Sits at 64%
Bitcoin and the wider cryptocurrency market are facing a renewed macroeconomic headwind as traders increasingly anticipate another...
Fed proposed stablecoin rule could trigger a 48-hour liquidation run
The Federal Reserve's proposed rules for the payment stablecoin issuers it supervises include a crisis clock measured in hours. An...
Bitcoin ETFs Extend Winning Streak With Nearly $3B in Inflows
Bitcoin Magazine Bitcoin ETFs Extend Winning Streak With Nearly $3B in Inflows Bitcoin exchange-traded funds are on a winning stre...