LONG READ: The untold story of how crypto’s hottest derivative came to be
Born in the back of a Shanghai taxi in 2015, BitMEX’s perpetual future became crypto’s defining derivative. Now it may hold lessons for rescuing the global dollar system.
Tether faces its Euroclear moment
The world’s largest stablecoin is suspected of helping U.S. authorities seize millions of dollars worth of crypto profits from the Venezuelan government. The reputational hit could prove costly.