bitcoin
Bitcoin has traded above $150,000 through early 2026. At these valuations, the basis trade mechanics shift in ways that matter for institutional allocators: funding rates, carry yields, and execution dynamics all look different at new highs.
arbitrage
Bitcoin first crossed $100,000 on December 5, 2024, closing at $103,679. Seven weeks later, the market has settled into a new structural regime. Here is what the arbitrage landscape looks like at six figures.
regulation
Donald Trump's election victory on November 5, 2024 signals the most crypto-friendly US administration in history. For institutional infrastructure builders, the policy window that follows could define the next decade.
arbitrage
The fourth Bitcoin halving completed on April 19, 2024. For arbitrageurs, the real story is not the supply shock—it is the structural volatility patterns that follow, and the infrastructure needed to capture them.
arbitrage
The SEC's January 10 approval of spot Bitcoin ETFs doesn't just unlock retail access-it fundamentally reshapes the arbitrage infrastructure institutional players have been quietly building for years.