Markets
Every Markets read CryptoBloggers has picked: 722 so far, 621 in the last 30 days, strongest first under “Start here” and newest first below.
Start here
- 1
Here We Go Again: Binance Loses $6.3b in Largest Robbery in History
Galaxy Research's account of a $6.3B Binance robbery, the largest in crypto history, is a must-read for anyone holding exchange balances.
- 2
Binance Says It Has Fully Covered the $6.34 Billion Hack With Company Funds
Binance says it has covered a $6.34B hack from company funds and published a proof-of-reserves snapshot that users cannot yet verify independently.
- 3
Binance Halts MEXC Transfers as FinCEN Cuts Exchange Off From US Financial System
Binance halts MEXC withdrawals after FinCEN cut MEXC off from the US financial system over $16 billion in suspicious flows.
- 4
Let claude ghost "trade" Polymarket and Kalshi for 2 months. It lost 13% of a pretend $5k, and my own biases made it worse
A Reddit trader let Claude Code forecast and pretend-bet on Polymarket and Kalshi for two months; it lost $663 of a pretend $5,000, and the trader's own input on AI and geopolitics markets lost more.
- 5
The Carry Trade That Broke: How Basis Compression Triggered the Cascade
Kaiko Research breaks down how basis compression unwound carry trades and triggered a cascade in crypto markets.
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Real AI agent use cases
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Let claude ghost "trade" Polymarket and Kalshi for 2 months. It lost 13% of a pretend $5k, and my own biases made it worse
A Reddit trader let Claude Code forecast and pretend-bet on Polymarket and Kalshi for two months; it lost $663 of a pretend $5,000, and the trader's own input on AI and geopolitics markets lost more.
Built this? Suggest an update - 2
Two months, 30 crypto work platforms, $15.98: a field report from an autonomous agent
An autonomous agent ran across 30+ crypto work platforms for two months and tracked earnings in a 331-entry ledger, receiving $15.98 liquid plus unsellable FLAPJAX tokens.
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Markets picks in the 6:30 email
The day’s five best crypto reads, plus AI agents doing real things on-chain. Free, every morning at 6:30 a.m. Central.
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newest first · page 1 of 25- 1
Kraken parent Payward gains market share as slower trading weighs on earnings
Payward (Kraken parent) adjusted EBITDA fell 66% to $60M while its global spot trading share nearly doubled, showing a shift toward market share over fees.
- 2
JPMorgan’s Bitcoin and Crypto-Linked Holdings Approach $1 Billion
JPMorgan's Q3 13F shows about $981M in Bitcoin ETFs, Strategy and Coinbase, likely over $1B with other holdings.
- 3
How quickly did Polymarket react to Nvidia news?
Protos used the Polymarket API to measure how quickly prediction markets priced in Nvidia leadership news.
- 4
Metaplanet swings to $170M loss as Bitcoin sale hits earnings
Metaplanet posted a $170M loss as Bitcoin sales and valuation losses hit its earnings despite higher revenue.
- 5
How to Read US Spot Bitcoin ETF Flows—and Their Limits
Explainer on what US spot bitcoin ETF net flows do and do not measure.
- 6
Hyperliquid leapfrogs Bybit, Kraken and OKX in open interest as Q3 positions grow 80%
Hyperliquid's share of open interest reached 11.7% across itself and eight major centralized rivals, passing Bybit, Kraken and OKX.
- 7
Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
Twenty One Capital's Q3 $1.09B profit was a fair-value gain on its 43,514 BTC, while its 10-Q shows a nine-month loss and no binding Elektron deal.
- 8
Kraken parent Payward posts 66% drop in Q3 adjusted EBITDA, plans US prediction markets and personal finance AI agent
Kraken parent Payward's Q3 adjusted EBITDA fell two-thirds to $60M while funded accounts grew 37%, with plans for US prediction markets and an AI personal finance agent.
- 9
Robinhood’s Crypto Trading Volume Falls 48% in October as Event Contracts More Than Double
Robinhood crypto volume fell 48% year over year in October while event contracts more than doubled, a useful read on retail activity.
- 10
FinCEN Bars U.S. Institutions From Moving Funds for MEXC Global
FinCEN ordered US financial institutions to stop moving funds for MEXC Global under Operation Economic Outcast, a significant enforcement action against a major exchange.
- 11
How crypto and AI lost the midterms, and why they say they didn’t
Analysis of crypto and AI super PAC spending in the midterms: their wins were mostly in races they were expected to win, and in competitive races most of their money backed losers.
- 12
Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
Tether-backed Twenty One Capital reported $1.09B Q3 net income, almost entirely from bitcoin price gains against a small operating loss.
- 13
Nakamoto Options Loss Turns Q3 Operating Revenue Negative
Nakamoto's Q3 operating revenue turned negative from an options loss, while Bitcoin gains drove $85.5M net profit; part of the options program hedges Kraken loan collateral.
- 14
Supreme Court to decide tax bill for prediction market operators
The Supreme Court will decide whether federal wagering taxes apply to prediction market operators like Robinhood, which has not collected them.
- 15
Donald Trump Jr. Leaves Kalshi, Keeps Polymarket Role a Week After Democrats Win Congress
Donald Trump Jr. left Kalshi while keeping his Polymarket role, with Kalshi tying the split to his firm's Polymarket investment.
- 16
Gemini’s Q3 Loss Shrinks, but Crypto Marks Did Much of the Work
Gemini's Q3 loss narrowed, but revenue fell 19% and volume was down 73% year over year, with crypto mark-to-market gains doing much of the work.
- 17
Jane Street boosts Fidelity Bitcoin ETF holdings nearly 8x, trims IBIT
Jane Street ended Q3 with a larger Fidelity bitcoin ETF stake and 19% fewer BlackRock IBIT shares, worth $957 million.
- 18
Ethereum treasury firm BTCS sold ether at a loss to keep $64 million Aave loan healthy
BTCS sold ether at a loss to keep a $64 million Aave loan healthy; the loan could be liquidated if ether falls near $1,700.
- 19
Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value
Nakamoto owes Kraken $165 million, more than its market value, with about 70% of its bitcoin pledged as collateral, a concentrated treasury-firm risk.
- 20
Bitcoin ETFs are now down over $1.5 billion in net outflows for the year
Bitcoin ETFs have seen over $1.5 billion in net outflows this year as spot price fell below $70,000, the lowest since August.
- 21
Gemini’s quarterly retail trading volume sinks to 3-year low
Gemini's retail trading volume hit a three-year low, with rivals also soft and some leaning on prediction markets.
- 22
Gemini trading volume drops 73% as Q3 revenue falls to $41 million
Gemini's trading volume fell 73% and Q3 revenue dropped to $41 million; the stock is down about 75% this year.
- 23
🏴 Variational's Broker Bet Goes Public
Variational's Omni exits private beta with a single-dealer design that now faces a larger public test.
- 24
Avalanche Owns Five Percent of Tokenized Stocks
Three U.S. tokenized stock venues chose different chains in one week, with NYSE picking Avalanche as sole settlement chain for its 24/7 platform. Coverage is brief and built on a WSJ report.
- 25
Binance Says It Has Fully Covered the $6.34 Billion Hack With Company Funds
Binance says it has covered a $6.34B hack from company funds and published a proof-of-reserves snapshot that users cannot yet verify independently.
- 26
Kalshi Ends Donald Trump Jr.'s Advisor Role: Reuters
Kalshi ended Donald Trump Jr.'s advisor role, mutually, after his firm led a funding round for rival Polymarket.
- 27
Binance Says Hack Assets Covered, Reserve Proof Pending
Binance says it closed its customer-backing gap after a hack, but proof awaits a new cryptographic reserve snapshot.
- 28
Israel Discount Bank to Let Customers Trade Bitcoin in App Starting Nov. 26
Israel Discount Bank will let retail customers buy, hold and sell bitcoin and ether in-app from Nov. 26, with Fireblocks custody.
- 29
Crypto Exchange Gemini Sells U.K. and EU Units to KAST for Under $10 Million
Gemini sold its shuttered UK and EU units to KAST for under $10 million, reported hours before its Q3 results.
- 30
SEC Sides With CFTC in Fight Over Stock Perps
SEC and CFTC both defend approvals for stock perpetuals from Kalshi, Coinbase and Bitnomial; one judge has doubts.