Blog
Research, guides and incident reports from the people who watch these exchangers every day.
USDT on TRC20, ERC20 and BEP20: which network to actually use
Same ticker, three products, fees that differ by two orders of magnitude. Here is how to choose, and what happens when you choose wrong.
Solana +5.76%, XRP −0.76%: what a selective rally does to pair liquidity
When one major runs and another does not, the cost is paid on the cross. Here is why alt-to-alt pairs get expensive in a selective tape, and when two hops beat one.
PCE came in at 3.7% and bitcoin dipped under $78k before buyers returned
Headline PCE came in a tenth hot at 3.7%, stocks and gold fell, and bitcoin dropped under $78,000 before recovering to $79,027. Jackson Hole opens today on a payments theme.
The rally stalled at $80k before the PCE print — how to time a swap around macro data
Scheduled data is the one kind of volatility you can plan around. Here is how the hours before and after a release behave, and what to do in each of them.
THORChain 3.20 adds native Monero and Zcash swaps
THORChain 3.20 puts XMR and ZEC into a native cross-chain AMM. That is a genuinely new route for two assets custodial venues have spent years delisting — with its own cost structure.
Term Finance lost $8.5m to its own governance process
No key was stolen and no contract was broken. An attacker passed a proposal and the protocol did what it was told — about 2,843 ETH and 1.68m USDC, roughly $8.5m.
Bitcoin closed above $80,000 for the first time since May
Bitcoin closed 25 August at $80,547 after touching the low $81,000s, with shorts accounting for 71.9% of the day’s liquidations. A Treasury buyback and a stalled bill did most of the work.
Extreme greed, thinner books: why swap rates get worse in a rally
A rising market does not mean a better exchange rate. Five things move against you at once — spread, reserve, rate age, network fee and the fixed-rate premium. Here is each one, and what to do about it.
$1.61bn into bitcoin ETFs in a week: how to read an inflow-driven rally
Bitcoin at $77,463, ether at $2,455, XRP up 49% on the week and $1.61bn of weekly ETF inflows. Flow-led rallies have a specific shape — and a specific way of ending.
When the bridge stops: The Sandbox halt and BounceBit winding down its chain
Two chains lost their exits in the same week: The Sandbox paused bridging after an alleged unauthorised mint, BounceBit began winding down its network after a $3m exploit. Bridges are single points of failure, and there is a second route.
$109.66m liquidated over the weekend, and 80% of it was longs
A 1.7% dip cleared $109.66m of positions over the weekend of 23 August, four fifths of them longs, and open interest fell $2.4bn. The lesson is about weekend liquidity, not direction.
Zcash at $796 and a fifth Grayscale filing: privacy is bid again
ZEC printed $796 on 22 August, a 33% day on $5.6bn of volume, and Grayscale filed its fifth amendment for a spot Zcash ETF. Privacy assets are being repriced — and they are the hardest thing to route.