Bitfinex is pleased to unveil: Master Your Universe. 🧠 Our new campaign that demonstrates how, after 13 years in crypto, Bitfinex is THE trading venue for professionals and institutions. A thread 🧵

$BTC is up 45% since July, but mining difficulty is still below late-June levels, so competition to mine it stays low. Miners now earn around 25% more per unit of computing power, which means less need to sell BTC to pay bills, easing sell pressure.

Asia got a head start on tokenised markets. Now the US is catching up.

$BTC is up 45% since 1 July despite a Fed hike, a 10-year yield around 5.2%, and a 70.9% chance of another hike in October. Bitcoin pays no yield, so higher bond returns normally make it less attractive. ETF demand has held through the repricing.

US spot bitcoin ETFs drew $2.84bn across six sessions. The last $538m arrived on two days when $BTC fell. Investors kept adding after the price stopped climbing.

USDt's relaunch on Bitcoin runs on infrastructure @utexocom and @RGB_Hub have built. RGB is the settlement layer making it possible. @RGBAssociation

Adam Back's (@adam3us) Hashcash system, built in 1997, is cited in the Bitcoin whitepaper - proof-of-work before Bitcoin existed to need it! The CEO of Blockstream will speak at The Future of Capital Markets in Lugano on 22 October. Further details: thefutureofcapitalmarkets.co…

A call and a stop-protected perp have the same job. Cap downside to get asymmetric upside. How do they compare in doing their job? Since a perpetual is a trade entered at the current price, we choose a near-the-money call option (85k, spot ~84.2k). We match leverage by calculating the option's omega (cash delta / premium), which puts the stop 1/Ω below entry, about 5% here. Then we calculate the number of perpetual contracts such that max risk is the same: Q × (Entry − Stop) = Premium We simulate prices assuming: • 20% drift (you're long for a reason) • 8% funding • 32.2% realized vol • 34.7% implied vol Results. Call EV: +$737. Perp + stop EV: +$694. First observation: the expected values are about the same. So you pay for asymmetry one way or another: through premium, or through the moves you miss after a stop-out. Most of the premium cost is earned back through full payoff capture. The part that doesn't roughly matches what stop-outs cost, provided that implied vol isn't excessive compared to future realized vol. Second observation: the payoff distributions differ. The left tail is the same by design, since we matched max loss, provided the stop fills. The middle of the distribution favors the perp. The right tail favors the call. That's logical. You pay option premium to avoid opportunity loss. This pays off if there is a payoff. If price ends near entry, there was little opportunity to lose. The heart of the matter is that the choice between stop and premium is a bet inside the bet, to be judged on expected volatility. If implied looks cheap, lean towards the call: realized above implied gives you an edge. If you expect a steady trend with little chop, i.e. realized below implied, use the perp with a stop.

Robinhood’s CEO called it a “tokenisation supercycle”, with trillions in real-world assets moving on-chain. Regulators elsewhere had frameworks in place years before the SEC’s exemption this month. What comes next depends on liquidity, not legislation. go.bitfinex.com/AsiasPushTok…

Accessibility has always been the point of $BTC.

$BTC has reclaimed the average price ETF buyers paid, around $82.1k, the first time since 30 January. The same line capped the May rally before price fell to $58.5k. Now those buyers are in profit, and a cohort in profit defends its cost, turning the ceiling into support.

At a 5% US 10-year, $BTC is moving more like gold than a conventional risk asset. Its correlation with gold has risen to 0.52, while the link with daily changes in yields has turned negative. The next rise in yields will show whether that shift holds.

USD lending on Bitfinex is at 10.16% APR right now. USDt at 6.13% APR. go.bitfinex.com/BFXPlaybook1

Opportunity doesn't wait for markets to open. With Bitfinex Securities, regulated tokenised securities are accessible around the clock, so your decisions are driven by the market rather than by when an exchange opens. The future of capital markets.

$BTC holders just realised $2.4bn in profits. At prior market tops, daily realised profits ran between $7bn and $10bn.

Around 410,000 $ETH has come off exchanges in a month, while US spot Ether ETFs brought in $680m across four sessions. With demand picking up as exchange-held supply falls, the near-term picture has improved for ETH.

Bitfinex Securities CTO @paoloardoino worked with Lugano's mayor in 2022 to bring bitcoin into the city's municipal payment system. He speaks at The Future of Capital Markets in Lugano, on where bitcoin and tokenisation take global markets next. Join us: thefutureofcapitalmarkets.co…

在通膨加速、鏈上詐騙與漏洞頻傳的 2026 年，加密資產的「保值與可持續再投資」，已是專業交易者最嚴肅的課題。 上週末，我們見證台北「笨錢社群」2026 線下大布局專場。在充滿雜訊的市場中，為何專業社群持續聚焦 Bitfinex？ 🏛️ 穿越週期的安全底蘊 作為行業最早成立的交易所之一，Bitfinex 經歷過每一次極限壓力測試。活得長久，就是最強大的護城河。 💧 真實需求驅動的實質收益（Real Yield） Bitfinex Margin Funding 為全球機構與交易者提供流動性支援。利息源自真實借貸需求，而非無中生有的代幣通膨。 🛡️ 遠離合約風險的防守配置 盲目追求鏈上虛高 APY，往往面臨合約歸零風險。透過成熟機制與自動化策略穩定造血，才是最具穿透力的防禦。 真正的 Alpha，來自最嚴謹的風險回報計算。 感謝台北「笨錢社群」夥伴們的深度交流。Bitfinex 將持續提供最堅實的流動性與安全後盾。 2026，回歸常識，走得更遠。

Who wants to see @adam3us and @Excellion perform at the Future of Capital Markets Summit in Lugano?

The latest $BTC rally has taken supply in profit above 75%. That puts the market at an important point. If the next correction keeps most holders in profit, the recovery starts to look less like a short-lived bounce.

For the first time this year both of bitcoin's demand engines, ETFs and corporate treasuries, are buying at the same time. Both are finally back in profit.