coinagereport.bsky.social
@coinagereport.bsky.social
Independent crypto news and markets desk — every number sourced and dated. No predictions. No price targets. No sponsored takes.
The Weekly Take: one sourced argument a week on what the consensus is getting wrong. Fridays → coinagereport.com/weekly
The Weekly Take: one sourced argument a week on what the consensus is getting wrong. Fridays → coinagereport.com/weekly
The Weekly Take: FinCEN Left a Crypto Proposal Unfinished for 2,112 Days, Then Withdrew It on Monday. Count the Stages, Not the Actions.
The Weekly Take: FinCEN Left a Crypto Proposal Unfinished for 2,112 Days, Then Withdrew It on Monday. Count the Stages, Not the Actions.
Two FinCEN crypto proposals withdrawn after 3,190 days, a CFTC "market-structure rulemaking" that arrived as an advance notice, and a lawsuit against the one final rule. Seven live crypto rulemakings, sorted by stage.
coinagereport.com
October 9, 2026 at 1:23 PM
The Weekly Take: FinCEN Left a Crypto Proposal Unfinished for 2,112 Days, Then Withdrew It on Monday. Count the Stages, Not the Actions.
The Weekly Take: The Senate Failed CLARITY. Four Agencies Then Shipped Nine Crypto Actions in Seven Business Days.
The Weekly Take: The Senate Failed CLARITY. Four Agencies Then Shipped Nine Crypto Actions in Seven Business Days.
In the seventeen days after the CLARITY Act failed cloture, the SEC, CFTC, Fed and OCC published or advanced nine crypto regulatory actions, all inside seven business days. The count, the caveats, and what would change our mind.
coinagereport.com
October 2, 2026 at 1:00 PM
The Weekly Take: The Senate Failed CLARITY. Four Agencies Then Shipped Nine Crypto Actions in Seven Business Days.
The Weekly Take: Only Four of Twenty Crypto Treasuries Trade Above Their Coins. Metaplanet Shows How the Premium Gets Eaten.
The Weekly Take: Only Four of Twenty Crypto Treasuries Trade Above Their Coins. Metaplanet Shows How the Premium Gets Eaten.
Only four of the twenty largest crypto treasury companies trade above the value of their coins. Metaplanet, at 0.86x enterprise-value mNAV, shows the arithmetic of how an auto-expanding option pool ate the premium.
coinagereport.com
September 25, 2026 at 1:00 PM
The Weekly Take: Only Four of Twenty Crypto Treasuries Trade Above Their Coins. Metaplanet Shows How the Premium Gets Eaten.
The Weekly Take: We Counted the GENIUS Act’s Rulemakings Again. In Three Weeks, Nothing Moved.
The Weekly Take: We Counted the GENIUS Act’s Rulemakings Again. In Three Weeks, Nothing Moved.
On 19 August we ran a Federal Register query and found 31 documents mentioning the GENIUS Act: 18 proposals, two final rules, neither implementing it. We ran the identical query on 10 September. Thirty-two documents. Eighteen proposals. Two final rules. Nine days remain on the clock this all turns on.
coinagereport.com
September 11, 2026 at 1:00 PM
The Weekly Take: We Counted the GENIUS Act’s Rulemakings Again. In Three Weeks, Nothing Moved.
The Weekly Take: DefiLlama Discounts Some Perp Volume by 41%. The Number Everyone Quotes Doesn’t Include the Discount.
The Weekly Take: DefiLlama Discounts Some Perp Volume by 41%. The Number Everyone Quotes Doesn’t Include the Discount.
The most-cited tracker for on-chain perpetuals publishes two volume columns — one it normalizes, one as protocols report it. But only for 24 hours. The 30-day figure the industry quotes, $555.7 billion, is the reported column alone. Apply the tracker’s own haircuts and about $38 billion disappears.
coinagereport.com
September 4, 2026 at 1:00 PM
The Weekly Take: DefiLlama Discounts Some Perp Volume by 41%. The Number Everyone Quotes Doesn’t Include the Discount.
The Weekly Take: Two-Thirds of “Corporate Bitcoin” Is One Company. In the Record Quarter, Everyone Else Was Selling.
The Weekly Take: Two-Thirds of “Corporate Bitcoin” Is One Company. In the Record Quarter, Everyone Else Was Selling.
Public companies added a record net 50,351 bitcoin in the first quarter of 2026. Strategy added at least 89,599 of it. That arithmetic makes the other 186 companies net sellers of at least 39,000 coins — inside the quarter the trade press called record accumulation. Since June, Strategy has stopped buying too.
coinagereport.com
August 28, 2026 at 1:00 PM
The Weekly Take: Two-Thirds of “Corporate Bitcoin” Is One Company. In the Record Quarter, Everyone Else Was Selling.
Custodial Failures Are Rarer, Bigger, and Far More Likely to Be Repaid
Custodial Failures Are Rarer, Bigger, and Far More Likely to Be Repaid
Exchange failures are 6.6% of recorded incidents and 26.6% of the money — and 37.9% of what they lose is later returned. For DeFi protocols the recovery rate is 8.5%.
coinagereport.com
August 26, 2026 at 1:01 PM
Custodial Failures Are Rarer, Bigger, and Far More Likely to Be Repaid
Rugpulls Are 1.5% of Crypto Losses. Stolen Keys Are 63%.
Rugpulls Are 1.5% of Crypto Losses. Stolen Keys Are 63%.
Rugpulls account for 1.52% of the $16.90 billion in DefiLlama’s 610-entry theft register. Compromised keys, phished multisigs and access-control failures account for 62.7%.
coinagereport.com
August 24, 2026 at 1:00 PM
Rugpulls Are 1.5% of Crypto Losses. Stolen Keys Are 63%.
Reposted by coinagereport.bsky.social
Crypto Taxes and Regulation: How the US Taxes Digital Assets, Who Actually Writes the Rules, and Why 564 Federal Filings Produced 56 of Them
Crypto Taxes and Regulation: How the US Taxes Digital Assets, Who Actually Writes the Rules, and Why 564 Federal Filings Produced 56 of Them
A standing reference on US crypto tax and regulation, built by counting the record rather than characterizing it: 564 Federal Register documents since 2010, 242 once exchange paperwork is stripped out, and only 56 final rules — written mostly by the Treasury, not the SEC.
coinagereport.com
August 19, 2026 at 11:00 AM
Crypto Taxes and Regulation: How the US Taxes Digital Assets, Who Actually Writes the Rules, and Why 564 Federal Filings Produced 56 of Them
The Weekly Take: The GENIUS Act’s 120-Day Runway Expires on 20 September. Almost Nobody Has Noticed.
The Weekly Take: The GENIUS Act’s 120-Day Runway Expires on 20 September. Almost Nobody Has Noticed.
Thirty-one Federal Register documents mention the GENIUS Act. Eighteen are proposals. Two are final rules, and neither one implements it. The missed deadline everyone reported last month was not the story. The story is what happens thirty days from now, silently, to the transition period.
coinagereport.com
August 21, 2026 at 1:01 PM
The Weekly Take: The GENIUS Act’s 120-Day Runway Expires on 20 September. Almost Nobody Has Noticed.
Five Crypto Portfolio Mistakes, With the Numbers Attached
Five Crypto Portfolio Mistakes, With the Numbers Attached
Five mistakes with the numbers attached: mistaking token count for diversification, sizing to the average rather than the drawdown, reaching for small caps, rebalancing theater, and ignoring keys.
coinagereport.com
August 21, 2026 at 1:00 PM
Five Crypto Portfolio Mistakes, With the Numbers Attached
Bitcoin’s Hash Rate Fell 13% This Year. Difficulty Fell 2.5%. Only One of Them Is Measured.
Bitcoin’s Hash Rate Fell 13% This Year. Difficulty Fell 2.5%. Only One of Them Is Measured.
The daily hash rate estimate ranged from 706 to 1,306 EH/s in a single year. Difficulty, the number the network actually commits to, moved 2.5%. We had the wrong headline.
coinagereport.com
August 20, 2026 at 1:00 PM
Bitcoin’s Hash Rate Fell 13% This Year. Difficulty Fell 2.5%. Only One of Them Is Measured.
We Rebalanced a Crypto Portfolio Four Ways. The Spread Was 0.6 Points.
We Rebalanced a Crypto Portfolio Four Ways. The Spread Was 0.6 Points.
We ran the same eight-asset portfolio never rebalanced, then weekly, monthly and quarterly. The spread over a full year was 0.6 percentage points, before costs.
coinagereport.com
August 19, 2026 at 1:00 PM
We Rebalanced a Crypto Portfolio Four Ways. The Spread Was 0.6 Points.
Crypto Taxes and Regulation: How the US Taxes Digital Assets, Who Actually Writes the Rules, and Why 564 Federal Filings Produced 56 of Them
Crypto Taxes and Regulation: How the US Taxes Digital Assets, Who Actually Writes the Rules, and Why 564 Federal Filings Produced 56 of Them
A standing reference on US crypto tax and regulation, built by counting the record rather than characterizing it: 564 Federal Register documents since 2010, 242 once exchange paperwork is stripped out, and only 56 final rules — written mostly by the Treasury, not the SEC.
coinagereport.com
August 19, 2026 at 11:00 AM
Crypto Taxes and Regulation: How the US Taxes Digital Assets, Who Actually Writes the Rules, and Why 564 Federal Filings Produced 56 of Them
400 Days of Fear & Greed: The Index Spent 72% of Them Frightened
400 Days of Fear & Greed: The Index Spent 72% of Them Frightened
Across 400 consecutive daily readings the index sat on the fear side 290 times, printed Extreme Greed once, and never went above 79. An oscillator that does not oscillate is a trend indicator wearing a dial.
coinagereport.com
August 18, 2026 at 1:00 PM
400 Days of Fear & Greed: The Index Spent 72% of Them Frightened
Crypto Portfolio Allocation: The 0.84 Correlation That Breaks Most Plans
Crypto Portfolio Allocation: The 0.84 Correlation That Breaks Most Plans
Eight major crypto assets moved together at an average correlation of 0.84 over the past year. How big the sleeve is matters far more than how you split it.
coinagereport.com
August 17, 2026 at 1:00 PM
Crypto Portfolio Allocation: The 0.84 Correlation That Breaks Most Plans
Ethereum and Layer 2s: How the Rollups Work, What Their Numbers Measure, and Why Two Trackers Disagree by Four Times
Ethereum and Layer 2s: How the Rollups Work, What Their Numbers Measure, and Why Two Trackers Disagree by Four Times
A standing reference on how Ethereum and its rollups actually work, why only $511,551 of the $34.69bn on Layer 2s sits behind a system its operator cannot override, and why two reputable trackers report figures for the same fourteen chains that differ by 3.91 times.
coinagereport.com
August 17, 2026 at 11:00 AM
Ethereum and Layer 2s: How the Rollups Work, What Their Numbers Measure, and Why Two Trackers Disagree by Four Times
The Weekly Take: BlackRock Has Raised More Than Three Times Every Rival Combined
The Weekly Take: BlackRock Has Raised More Than Three Times Every Rival Combined
Spot Bitcoin ETFs took in $853.5 million last week and BlackRock's IBIT accounted for 81% of it. Coverage treated that as the week's caveat. Measured against the cumulative record, it is closer to the run rate.
coinagereport.com
August 14, 2026 at 1:00 PM
The Weekly Take: BlackRock Has Raised More Than Three Times Every Rival Combined
What Wall Street Gets Wrong About Crypto Markets: There Is No Tape
What Wall Street Gets Wrong About Crypto Markets: There Is No Tape
Sixty-one of 91 exchanges reported volume, market capitalization has no audited denominator, and the eight largest assets correlate at 0.84. The measurement apparatus will not carry the conclusions.
coinagereport.com
August 14, 2026 at 12:30 PM
What Wall Street Gets Wrong About Crypto Markets: There Is No Tape
DeFi TVL Fell 45% in a Year — and Ethereum Fell Hardest
DeFi TVL Fell 45% in a Year — and Ethereum Fell Hardest
Total value locked across DeFi is $74.7 billion against $134.8 billion a year ago. Ethereum fell 49% over that period; everything else fell 38%.
coinagereport.com
August 13, 2026 at 1:00 PM
DeFi TVL Fell 45% in a Year — and Ethereum Fell Hardest
Crypto Built 461 Chains. Nine of Them Hold 90% of the Money.
Crypto Built 461 Chains. Nine of Them Hold 90% of the Money.
DefiLlama tracks 461 chains. Nine hold 90.5% of the value and 318 hold less than a million dollars each. Crypto solved the supply of blockspace and not the demand for it.
coinagereport.com
August 12, 2026 at 1:00 PM
Crypto Built 461 Chains. Nine of Them Hold 90% of the Money.
Self-Custody and Wallets: How Holding Your Own Keys Actually Works, and How to Check the Hardware
Self-Custody and Wallets: How Holding Your Own Keys Actually Works, and How to Check the Hardware
A standing reference on self-custody: what a seed phrase really is, what a hardware wallet does and does not protect you from, the threat model in order of how often each part fails, and a measurement of how actively ten wallet vendors actually maintain their firmware.
coinagereport.com
August 12, 2026 at 11:01 AM
Self-Custody and Wallets: How Holding Your Own Keys Actually Works, and How to Check the Hardware