ETF Outflows, Index Options, and Oil Perps

Mastercard Lights Up Stablecoin Rails, Bitcoin Slips

Mastercard moves on-chain settlement from pilot to production, even as crypto markets rotate into stablecoins and Bitcoin tests the mid-sixties. We also cover OFAC's new Iran-related sanctions guidance, Robinhood's WonderFi close, and the UK's consultation deadline shaping a 2027 regime.

Mt. Gox Stirs, ETFs Drain, CME Never Sleeps

Mt. Gox shifts $739M as repayments near, U.S. spot Bitcoin ETFs record an eleventh straight day of outflows, Bitcoin tests $70K, CME turns crypto trading 24/7, and Vitalik proposes an options-first design to tame liquidations. Fast context, clean numbers, and what to watch next.

XRPL Security Edge, Gravity Halt, SoFi Stablecoin

XRPL leans into architecture that blocks flash‑loan exploits, Gravity Bridge halts after a multimillion‑dollar key compromise, and SoFi launches a bank‑issued stablecoin in‑app. Plus, Europe opens a MiCA review and ETF flows hint at rotation toward XRP while bitcoin and ether see outflows.

Seizures, Stellar Tokenization, and U.S. Crypto Perps

Washington reports roughly $1 billion seized from Iran-linked crypto as DTCC taps Stellar for tokenization and the CFTC opens a compliant path for U.S. bitcoin perpetuals. Plus, Arbitrum’s 2027 budget request and new research on ETF-implied carry and the limits of bitcoin arbitrage.

Strait Shock: Bitcoin Slips, ETFs Bleed, Ether Diverges

Geopolitical strikes spark a risk-off wave as Bitcoin dips below $73K and spot ETFs see heavy outflows, while ether breaks $2K even as open interest hits records. We also track Washington’s prediction-market review and a rare CFTC move to unwind its Gemini settlement.