https://stackandstory.com An independent, weekly briefing on crypto and markets. The numbers that moved, and the reason they did. Free, every Sunday. en https://stackandstory.com/stories/bitcoin-etf-inflows-peanuts-exodus https://stackandstory.com/stories/bitcoin-etf-inflows-peanuts-exodus Bitcoin ETFs pulled in $273M over two weeks, barely more than the smallest single week of the prior $8B outflow streak. Mon, 20 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/genius-act-deadline-missed-stablecoin-rules https://stackandstory.com/stories/genius-act-deadline-missed-stablecoin-rules US agencies missed the GENIUS Act's rulemaking deadline; zero final stablecoin rules exist a year after the law was signed. Sun, 19 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/korea-sanctions-dunamu-upbit-hack https://stackandstory.com/stories/korea-sanctions-dunamu-upbit-hack South Korea's FSS sent Dunamu a formal inspection letter over the $36M Upbit hack, but the law has no hacking penalty clause. Sun, 19 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/saylor-110-point-essay-bip-110 https://stackandstory.com/stories/saylor-110-point-essay-bip-110 Saylor published a 110-point essay opposing BIP-110 ahead of the soft fork's August vote window. Sun, 19 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/stablecoin-rules-miss-genius-act-deadline https://stackandstory.com/stories/stablecoin-rules-miss-genius-act-deadline A year after the GENIUS Act became law, US agencies have issued 10 proposed stablecoin rules but zero final ones. Sun, 19 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/tether-usdt-genius-act-two-year-countdown https://stackandstory.com/stories/tether-usdt-genius-act-two-year-countdown The GENIUS Act's first anniversary passed with roughly a quarter of USDT's reserves still in assets that won't meet the law's standards. Sun, 19 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/us-regulators-miss-genius-act-deadline-stablecoin-rules https://stackandstory.com/stories/us-regulators-miss-genius-act-deadline-stablecoin-rules A year after signing, the GENIUS Act still has no final rules. Treasury, OCC, FDIC and the Fed all missed the deadline. Sun, 19 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/bip-110-miner-signaling-below-one-percent https://stackandstory.com/stories/bip-110-miner-signaling-below-one-percent Miner signaling for BIP-110 sits near 0.6% of blocks over 60 days, far short of the support that carried Segwit's activation. Sat, 18 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/bolivia-usdt-dollar-shortage-stablecoin https://stackandstory.com/stories/bolivia-usdt-dollar-shortage-stablecoin Bolivia is weighing a framework to recognize USDT for payments after abandoning its currency peg, as dollar scarcity pushes demand toward stablecoins. Sat, 18 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/ibit-100-billion-gold-gld-2011-parallel https://stackandstory.com/stories/ibit-100-billion-gold-gld-2011-parallel Bloomberg's Eric Balchunas says IBIT's sprint past $100 billion resembles GLD's 2011 run, right before gold entered a multiyear drawdown. Sat, 18 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/okx-europe-usdt-usdc-conversion-mica https://stackandstory.com/stories/okx-europe-usdt-usdc-conversion-mica OKX Europe now lets users convert USDT to USDC, giving EU customers a route around MiCA's restrictions on Tether's token. Sat, 18 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/trump-brazil-pix-tariff-dollar-stablecoins https://stackandstory.com/stories/trump-brazil-pix-tariff-dollar-stablecoins The US slaps a 25% tariff on Brazil over Pix, even as dollar stablecoins already make up 90% of Brazil's crypto transactions. Sat, 18 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/bitcoin-etfs-three-day-inflow-streak-2026 https://stackandstory.com/stories/bitcoin-etfs-three-day-inflow-streak-2026 US spot Bitcoin ETFs pulled in $368M over three days, but that barely dents a $5.4B net outflow for 2026. Fri, 17 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/bitcoin-price-falls-under-63000-onchain-buyers https://stackandstory.com/stories/bitcoin-price-falls-under-63000-onchain-buyers Bitcoin fell below $63,000 on Iran strikes and US-China tension, but ETF inflows hit $510 million and the strike-hour outflow of -18.3 BTC reversed within the hour. Fri, 17 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/coinbase-premium-negative-record-60-days-bitcoin https://stackandstory.com/stories/coinbase-premium-negative-record-60-days-bitcoin Bitcoin slid toward $63,000 as the Coinbase premium held negative for a record 60 straight days, signaling weak US demand. Fri, 17 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/okx-europe-usdt-usdc-mica-conversion https://stackandstory.com/stories/okx-europe-usdt-usdc-mica-conversion OKX Europe now lets users convert USDT to USDC, yet Tether still holds 59% of a $310B stablecoin market despite MiCA locking it out. Fri, 17 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/sbi-coinhako-acquisition-mas-approval https://stackandstory.com/stories/sbi-coinhako-acquisition-mas-approval SBI Holdings gets MAS approval to take majority control of Coinhako, its third crypto acquisition move in weeks worth over $365M combined. Fri, 17 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/bitpay-dutch-mica-license-stablecoin-payments https://stackandstory.com/stories/bitpay-dutch-mica-license-stablecoin-payments BitPay secured a CASP license from the Dutch AFM under MiCA, joining a small group of firms cleared to operate across the EU. Thu, 16 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/galaxy-institutional-stablecoin-yield-defi-vaults https://stackandstory.com/stories/galaxy-institutional-stablecoin-yield-defi-vaults Galaxy Curator gives Fireblocks' 2,400 institutional clients access to Morpho vaults, backed by a $1.4B loan book and $3B in staked assets. Thu, 16 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/ostium-pauses-trading-18-million-vault-exploit https://stackandstory.com/stories/ostium-pauses-trading-18-million-vault-exploit Ostium paused trading after an apparent $18 million exploit drained its vault, with the attacker converting USDC to ETH. Thu, 16 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/visa-stablecoin-platform-ousd https://stackandstory.com/stories/visa-stablecoin-platform-ousd Visa is reportedly building an internal stablecoin platform giving clients access to OUSD, a direct challenger to Circle's USDC. Thu, 16 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/an-mou-and-japans-stablecoin-pileup https://stackandstory.com/stories/an-mou-and-japans-stablecoin-pileup JCB signed an MOU with Circle to test USDC in Japan. It commits no money, but it's the fourth regulated Japanese stablecoin move since a 2023 law, which is the real signal. Wed, 15 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/circle-suspended-heka-funds-tether-manipulation https://stackandstory.com/stories/circle-suspended-heka-funds-tether-manipulation Circle suspended Heka Funds after learning Tether had put $800 million into the arbitrage fund, arbitration filings show. Wed, 15 Jul 2026 00:00:00 GMT https://stackandstory.com/stacks/fourteen-open-doors https://stackandstory.com/stacks/fourteen-open-doors South Korea blocked 14 foreign crypto apps. Fifteen months later, 14 of 23 unregistered top exchanges still return Apple Korea listings. Wed, 15 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/one-fund-set-the-etf-flow-print https://stackandstory.com/stories/one-fund-set-the-etf-flow-print US spot bitcoin ETFs took in $181M Tuesday after a $425M redemption Monday. BlackRock's IBIT was 77% of it and ETHA was 100% of the ether inflow. The daily print is one desk's plumbing. Wed, 15 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/the-stablecoin-money-is-buying-pipes https://stackandstory.com/stories/the-stablecoin-money-is-buying-pipes Velocity raised $38M for stablecoin settlement software, part of a wave of infra rounds. With $226B in B2B stablecoin payments in 2025, the money is buying rails, not new coins. Wed, 15 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/bitcoin-etf-425m-outflow-whales-buying https://stackandstory.com/stories/bitcoin-etf-425m-outflow-whales-buying US spot Bitcoin ETFs shed $424.66M on Monday, their worst July day, even as on-chain data shows large holders adding. The daily flow number measures the wrapper, not conviction. Tue, 14 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/crypto-arbitration-win-rate https://stackandstory.com/stories/crypto-arbitration-win-rate When a dispute with a crypto exchange reaches an arbitrator, the customer wins about 8% of the time. Nine in ten cases never get that far. Our tally of 1,617 filings through 2026. Mon, 13 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/the-transfer-ledger https://stackandstory.com/stories/the-transfer-ledger 813,294 wallets lost $2.0 billion on the TRUMP token. The family took about a third, 58 wallets more than half. Every estimate, one page. Mon, 06 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/survival-of-the-licensed https://stackandstory.com/stories/survival-of-the-licensed Inside the MiCA cull: how Europe went from 3,167 crypto firms to 244 in eighteen months. Thu, 02 Jul 2026 00:00:00 GMT https://stackandstory.com/stories/stablecoins-became-the-product https://stackandstory.com/stories/stablecoins-became-the-product Everyone came to crypto for the volatility. The thing that actually found product-market fit holds still on purpose. Mon, 25 May 2026 00:00:00 GMT https://stackandstory.com/stories/what-etf-flows-are-telling-us https://stackandstory.com/stories/what-etf-flows-are-telling-us A green inflow number is not a vote of confidence. It is a plumbing change, and the plumbing is the story. Mon, 18 May 2026 00:00:00 GMT https://stackandstory.com/stories/custody-explained https://stackandstory.com/stories/custody-explained The oldest slogan in crypto is also the most misunderstood. Self-custody is not safer by default. It just moves the risk onto you. Mon, 11 May 2026 00:00:00 GMT