BlackRock Adds a Net $1.57 Billion of Bitcoin in One Month
Plus: Top Hyperliquid Traders Lean Net Short, Stacks Labs Floats Blind Auctions for PoX-6
Good Morning Lions,
BlackRock spent the past month stacking Bitcoin while the most profitable wallets on Hyperliquid leaned the other way. Both can be right for a while.. the suits buy on a multi-year horizon, and perp winners trade the week. With the smaller cohorts still crowded long, I think a leverage flush is more likely to hit before that spot bid shows up in price, frens.
BlackRock Adds $1.57 Billion in Bitcoin
TL;DR: BlackRock bought a net $1.57 billion of Bitcoin over the past month, according to Arkham Intelligence data reported by U.Today. The buying lifted the asset manager's holdings to as much as 801,769 BTC.
Top Hyperliquid Traders Lean Net Short
TL;DR: Hyperliquid wallets with more than $1 million in profit held about $60 million more in shorts than longs, U.Today reported. Every smaller profit cohort on the derivatives exchange stayed heavily long.
Stacks Labs Floats Blind Auctions for PoX-6
TL;DR: Stacks Labs CTO Adriano Di Luzio laid out plans for PoX-6, Crypto Briefing reported. The upgrade would replace Endowment-curated staking settings with blind auctions and protocol-set BTC yields. The design has not been ratified.
Monica Long Courts Institutions at XRP Seoul
TL;DR: Ripple President Monica Long discussed institutions moving on-chain through the XRP Ledger at the XRP Seoul event. A forecast shared at the event put tokenized real-world assets growing from $6 billion to $30 billion.
Rural Data Center Tax Breaks Split Lawmakers
TL;DR: New federal tax benefits for rural data centers, stemming from the 2025 tax law, drew mixed reactions from experts and lawmakers. Moratorium dynamics in Louisiana and Oklahoma are shaping market sentiment around the buildout.
Masayoshi Son Raises AI Safety Concerns
TL;DR: SoftBank founder Masayoshi Son voiced concern about AI safety risks as machines grow more capable, Bloomberg reported via Crypto Briefing. LeoDex News could not independently verify the report.
Chatbot Maker Requests Voice Chats for Training
TL;DR: A major AI lab asked users of its chatbot to voluntarily share voice conversations to help improve its models, Crypto Briefing reported. The opt-in request builds on an August 2025 terms change that first let consumer chats feed model training.
If Hyperliquid's smaller wallets start cutting longs while BTC holds near $85K, the flush already happened quietly and BlackRock's bid has room to work. Separately, a ratified PoX-6 would take Stacks BTC yields out of the Endowment's hands. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.