
Deribit moves 90% of client assets to Coinbase, drops daily proof-of-reserves check
Deribit shifted most client funds to Coinbase and ended its daily Merkle proof-of-reserves check on Sept. 1.
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Deribit shifted most client funds to Coinbase and ended its daily Merkle proof-of-reserves check on Sept. 1.

Option gains of $344,849 offset less than 30% of the fund's roughly $1.2 million in crypto-linked losses.

Coinbase outlined steps to move Deribit institutional positions, including a 30-minute cutover window and an Aug. 28 opt-out.

Bitcoin hovers near $62,900 after Deribit settles $9.6B in monthly options, with potential short overhang watched.
The 21st Century ROAD to Housing Act includes a provision prohibiting the Fed from issuing a central bank digital currency.

BlackRock's spot bitcoin ETF recorded $300 million in outflows while smaller funds absorbed some of the capital.

Bitcoin fell toward $58,000 ahead of a major Deribit options expiry amid continued ETF outflows and leveraged liquidations.