markets
Stablecoin settlement volumes hit $1.4tn in the quarter
Payment processors, not traders, drove the bulk of the increase as corporates adopt dollar tokens for cross-border payroll.
Section
Markets
Daily market wraps, derivatives flow and macro drivers.
markets
Crypto correlation with rate expectations weakens
Digital assets are trading less tightly with front-end yields than at any point this year.
markets
Asian trading hours reclaim share of global crypto liquidity
Tokyo and Seoul now account for a third of spot turnover as local regulation settles.
markets
Altcoin rotation returns as traders hunt beta into quarter-end
Mid-cap tokens outperformed majors for a fifth session, a pattern desks associate with late-cycle positioning rather than fundamental catalysts.
markets
Global liquidity turns, and crypto beta reprices with it
Cross-asset desks are modelling digital assets as the highest-beta expression of a loosening cycle.