Bitcoin exchange balances have recovered about 28,000 BTC, reversing 84% of a six-week decline that had fueled concerns about a supply squeeze due to ETF demand. This rebound, occurring in under three weeks, suggests that ETF inflows can draw from off-exchange sources like OTC inventories, not just visible exchange wallets. Despite strong ETF inflows in early August, exchange balances increased, indicating that ETF demand does not necessarily reduce tradable bitcoin supply on exchanges. The recent reversal challenges the narrative of an immediate bitcoin shortage caused by ETF buying.
Annaly Capital Management is rated Buy at $22.94 per share, with a fair value estimate of $25.55, implying an 11.4% price upside. The company's diversified portfolio across Agency MBS, Residential Credit, and MSR supports a strong blended target retu...
Evernorth, the largest XRP digital asset treasury, is moving closer to becoming a publicly traded company via a merger with Armada Acquisition Corp. II, a SPAC. The U.S. SEC has approved their Form S-4 registration, allowing them to proceed with shar...
Ripple has recommended withdrawing the pending XChainBridge (XLS-38) amendment for the XRP Ledger after deciding that its primary use case—connecting the XRPL mainnet with an EVM-compatible sidechain—is already fulfilled by Axelar. The amendment woul...
Clearfield cut its FY2026 guidance because of delays in broadband projects linked to slow government BEAD program rollout and fiber supply constraints. However, the company secured a $22 million order for hyperscale data centers, validating its growt...
Charles Schwab is expanding its Schwab Crypto platform by adding Solana, Avalanche, and Chainlink to its existing Bitcoin and Ethereum offerings. This move aims to provide investors with more options to build diverse digital asset portfolios while le...
