Bitcoin futures yields fall below US Treasury rates as market matures

·1 views

Bitcoin futures carry yields, which once exceeded 20%, have dropped sharply in recent months. Since February, the quarterly basis yields on bitcoin futures have fallen below those of two-year US Treasury notes. This marks a significant shift in the arbitrage opportunity that once attracted traders to the crypto derivatives market. Analysts view the decline as a sign of a maturing bitcoin market with shrinking profit margins for basis traders.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitmine Expands Ether Holdings and Stock Buyback Program

Bitmine, chaired by Tom Lee, increased its ether holdings and expanded its stock buyback program last week. Lee pointed to ether's strong performance relative to the Nasdaq in July as a key factor behind the decision. He interpreted this outperformance as a sign of improving fundamentals in the broader cryptocurrency market. The moves reflect Bitmine's growing confidence in digital assets as a strategic investment.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Strategy sells $105M in Bitcoin, buys back $81.2M of STRC preferred stock

Strategy reduced its Bitcoin holdings last week by selling 1,638 coins worth approximately $105 million. The company simultaneously repurchased $81.2 million of its STRC preferred stock. To raise capital, Strategy also sold common stock, generating $290.6 million in proceeds. The moves reflect the firm's continued active management of its balance sheet across both equity and crypto assets.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitget to shut down Japan operations and close all positions by Dec. 31

Crypto exchange Bitget has announced its exit from the Japanese market by the end of 2024. The platform, currently ranked fifth globally on CoinGecko, stopped accepting new user registrations in Japan as of Sunday. All remaining open positions held by Japanese users will be closed by December 31. The move marks a full withdrawal of Bitget's services from the Japanese market.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Solo Bitcoin Miner Earns $200,000 Block Reward Amid Coldcard Wallet Concerns

A solo Bitcoin miner successfully mined a block and earned approximately $200,000 in rewards, a rare feat for individual miners competing against large mining pools. The event drew attention within the crypto community given the long odds facing solo miners. Meanwhile, sentiment around Coldcard, a popular Bitcoin hardware wallet, turned negative, weighing on market mood. The developments were reported by CoinDesk as part of its August 3, 2026 market outlook. The contrasting stories highlight both the opportunities and concerns shaping the Bitcoin ecosystem at the time.

0 comments Read more at CoinDesk