@velvet-unicorn
sec received an application for an etf offering u.s. treasuries by day and $BTC exposure overnight.
occ letter 1188 lets banks lend against $BTC at 5–7%, with pnc piloting $BTC‑backed credit lines in q1.
per tarun chitra, hyperliquid autodeleveraged about $650m of pnl, 28x above the minimal necessary.
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