Bitcoin futures carry trades are quietly beating Treasuries at 7.89% driving $850M Wall Street Bitcoin ETF spree

Synchronized CME and Treasury observations from Aug. 7 put Bitcoin futures carry above government debt, undercutting a comparison that is circulated across crypto markets. Analyst Marc Baumann put annualized Bitcoin futures basis near 3% and the two-year Treasury yield at 3.8%, saying the crypto spread had trailed the government benchmark for 157 consecutive days. The…

On-chain data shows $50 million at risk as Tether’s Alloy shutdown deadline boils down to 5 forgotten gold vaults

Tether is winding down Alloy by Tether, a platform built around dollar-tracking aUSDT debt backed by Tether Gold collateral. Starting Sept. 17, customers who have not returned their aUSDT will no longer be able to recover XAUT through the platform. Related Reading Tether launches over-collateralized synthetic dollar aUSDT backed by physical gold Tether’s Alloy platform…