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Bitcoin whales wake up as Coinbase rolls out stock perps amid rising rate fears
Dormant bitcoin moves after 13 years, Coinbase launches stock perps, and markets flip to pricing rate hikes amid geopolitical pressure.
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The lines between crypto and traditional finance are dissolving fast.
Exchanges want your stock trades. Prediction markets want your attention. Ancient wallets want to cash in.
Meanwhile, the Fed is in no rush to cut rates and a shooting war in the Persian Gulf is keeping oil above $100.
It's the kind of week that separates conviction from vibes.
Bitcoin whale dormant since 2012 wakes up sitting on a $148M windfall
Someone bought 2,100 BTC over a decade ago and didn't touch it once.
That stash is now worth $148M, and the wallet just moved funds for the first time in 14 years.
When wallets this old start stirring, traders tend to brace for volatility.
Markets
Hot inflation and a hot war keep markets on edge
The Fed revised its 2026 rate cut outlook down to one, citing core inflation at 2.7%, but markets now expect no cuts and rate hikes in 2027.
US strikes in the Persian Gulf to reopen the Strait of Hormuz have kept Brent crude above $100.
The S&P 500 is tracking its fourth straight weekly decline, now off more than 5% since late February.
BTC hovered near $70K, ETH settled around $2,100, SOL slipped below $90, and XRP held near $1.44.
Coinbase launches 24/7 stock futures for global traders
Coinbase now offers perpetual futures on Apple, Microsoft, and Google stock around the clock.
Global traders get continuous leveraged exposure to US equities without waiting for Wall Street to open.
A crypto exchange eating into traditional brokerage territory is a line-crossing moment.
Kalshi raises $1B at $22B valuation, doubling its price tag in months
Prediction market Kalshi just closed a $1B round led by Coatue Management.
That values the company at $22B, roughly double its $11B tag from December.
Investors are betting big that event-based trading becomes a mainstream asset class.
On Our Radar
Liquidity routing engine: Crypto swaps are getting a makeover.*
Crypto's Cold War: We ranked the wallets keeping your digital assets from becoming someone else's problem.
Banking restructure: UBS gets the green light to turn its US operations into a national bank.
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Catch you in the next one.
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