Crypto Pulse Daily Digest

CRYPTO PULSE

Friday, April 17, 2026

Market Intelligence for Crypto Professionals


🎯 Today's Crypto Pulse

Direxion liquidates REKT crypto bear ETF, cash‑settles options

On March 13 2026 Direxion’s board voted to liquidate the Direxion Daily Crypto Industry Bear 1X ETF (ticker REKT). The fund’s last trading day was April 10 2026 and a final cash distribution of $18.00194 per share was made on April 17 2026. REKT options were converted to cash‑settlement with a $1,800.19 deliverable per contract and expiration accelerated to May 15.

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April 7, 2026 – Open Meeting | FDIC.gov | Caitlin Long

April 7, 2026 – Open Meeting | FDIC.gov | Caitlin Long

VERY IMPORTANT point, Matthew Bisanz . But #stablecoin issuers that are #Wyoming special-purpose depository institutions would not be resolved under the Bankruptcy Code, as would PPSI subsidiaries of an insured depository institution. That's a key advantage of the Wyoming #SPDI charter, for which the resolution rules prioritize customers over the estate, while the Bankruptcy Code prioritizes the estate and treats customers as general creditors. Custody customers of trust companies have recently learned the hard way what can happen under the Bankruptcy Code--i.e., that they can become general creditors and face haircuts/cram-downs, even if their assets were "segregated"...

by Caitlin Long
Tweet by @EliBenSasson

Tweet by @EliBenSasson

The most important thing for Bitcoin community to get ready for addressing the quantum threat is taking head out of sand when it comes to soft forks and start embracing them. It'll be a big change to get post quantum, so let's start with nine lines of Satoshi's code -- op_cat.

by Eli Ben-Sasson
Thread by @show4653

Thread by @Show4653

Hot take: FTX creditors should be furious. Not about the SBF fraud. About the Anthropic stake liquidation.

by show4653