Josh Brown

[Josh Brown @JoshBrownUbi]

Paul Tudor Jones’ firm is buying IBIT shares again.

Q1:

579K shares

Q2:

689K

+18.9%

This comes after Tudor spent 2025 cutting its direct Bitcoin ETF position.

But the options book tells a different story:

IBIT calls:

998K → 148K

−85%

Puts:

725K → 715K

Direct exposure up.

Leveraged call exposure way down.

Not an all-in Bitcoin bet — but definitely a change in direction.

$BTC $IBIT
#Bitcoin #BitcoinETF

[Josh Brown @JoshBrownUbi]

Western Union launched a USDPT-backed Visa card in 37 markets.

Remittances can arrive as stablecoins issued on Solana, remain dollar-denominated and be spent wherever Visa is accepted.

The signal: stablecoins are taking the balance layer.

The catch: traditional card networks still own checkout.

Target: 60+ markets by year-end.

$SOL
#Stablecoins #Payments

[Josh Brown @JoshBrownUbi]

Two U.S. senators want the SEC to investigate $TRUMP.

Their letter cites:

Nearly 1M investors
$3.81B in estimated losses
$636M reportedly made by Trump
Nearly 98% decline

No SEC investigation has been confirmed.

The real test: can a memecoin sit outside securities law but still trigger federal fraud scrutiny?

$TRUMP
#CryptoRegulation #Memecoins

[Josh Brown @JoshBrownUbi]

Two senators want the SEC to investigate $TRUMP.

Nansen data cited by lawmakers:

988,905 wallets in loss
$3.81B in realized + paper losses
$636M in reported memecoin income for Trump

No SEC case has been opened.

This is now as much a Clarity Act ethics test as a token story.

$TRUMP
#CryptoRegulation #MemecoinRisk

[Josh Brown @JoshBrownUbi]

Coldcard’s confirmed losses now exceed $100M.

Galaxy estimates 1,596 BTC was stolen from roughly 7,300 addresses. A suspected fourth wave could push the total near $130M.

The firmware patch does not fix existing weak seeds.

New seed. New address. Move the funds.

$BTC
#Bitcoin #CryptoSecurity

[Josh Brown @JoshBrownUbi]

Hashdex is closing its U.S. Bitcoin ETF.

Assets: $14.26M
Holdings: 225.58 BTC
Trading ends: August 17
Liquidation begins: August 18

This is not a rejection of Bitcoin ETFs.

It shows how aggressively ETF demand is concentrating inside the largest issuers.

$BTC
#BitcoinETF #CryptoMarkets

[Josh Brown @JoshBrownUbi]

Mastercard has completed its acquisition of BVNK, originally valued at up to $1.8B.

It did not buy a stablecoin.

It bought infrastructure connecting stablecoins, banks, wallets and traditional payment rails.

Stablecoins may not replace card networks.

Card networks may absorb them.

#Stablecoins #CryptoPayments

[Josh Brown @JoshBrownUbi]

Bitmine now owns 5.80M ETH—4.8% of the entire supply.

Around 4.92M ETH is already staked, producing a projected $247M in annual revenue at the reported yield.

Less liquid supply.

More corporate concentration.

Bullish treasury demand or centralization risk?

$ETH $BMNR
#Ethereum #Staking

[Josh Brown @JoshBrownUbi]

BlackRock does not need to issue a stablecoin.

It wants to manage the reserves behind them.

The firm launched an Ethereum-based tokenized money-market share class and a multi-chain fund designed for stablecoin reserves.

Crypto controls the rails.

Wall Street is targeting the collateral.

$ETH
#Stablecoins #Tokenization

[Josh Brown @JoshBrownUbi]

Strategy sold 1,638 BTC for $104.7M.

Half funded preferred dividends.

Half funded STRC buybacks.

It also issued 3.01M new MSTR shares during the same week.

Bitcoin is no longer only the reserve asset.

It is now funding the financing structure built around it.

$BTC $MSTR
#BitcoinTreasury #Strategy

[Josh Brown @JoshBrownUbi]

Bitcoin’s market-neutral carry now pays less than government debt.

BTC three-month futures basis: ~3%
Two-year U.S. Treasury: 4.28%

The gap has persisted for 157 days—the longest stretch since the 2022 bear-market bottom.

More efficient market, or disappearing demand?

$BTC
#Bitcoin #MacroLiquidity

[Josh Brown @JoshBrownUbi]

Bitget is exiting Japan.

Aug. 3: new registrations stop
Nov. 1: close-only mode
Dec. 31: remaining positions may be forcibly liquidated

Withdrawals remain available.

Not a global shutdown—but another major offshore exchange is losing access to a regulated market.

#Bitget #CryptoRegulation #Japan

[Josh Brown @JoshBrownUbi]

Wanchain’s Cardano–BNB bridge was exploited for roughly 515M NIGHT, worth about $9–13M.

NIGHT dropped 30%+.

Midnight says its chain was not hacked—the failure was isolated to a third-party bridge.

Major exchanges are now freezing related funds.

Secure chain. Vulnerable bridge. Same token holders absorb the risk.

$NIGHT $ADA
#CryptoSecurity #CrossChain

[Josh Brown @JoshBrownUbi]

The $165M Trump Media Bitcoin sale was not a sale, the company says.

2,628 BTC moved to https://t.co/gUCoM39Q3C, but a spokesperson says the coins were transferred—not sold.

Onchain data proves movement.

It does not prove intent.

$BTC $DJT
#BitcoinTreasury #OnchainData

[Josh Brown @JoshBrownUbi]

CME has forced the SEC to reconsider Nasdaq’s Bitcoin index options approval.

Both sides agree Bitcoin is a commodity.

The fight is over who controls its derivatives:

SEC-regulated securities exchanges—or CFTC-regulated futures markets?

The Nasdaq product is stayed, not rejected.

$BTC
#BitcoinOptions #CryptoRegulation

[Josh Brown @JoshBrownUbi]

CME has successfully kept Nasdaq’s Bitcoin options plan frozen.

The dispute is simple:

Nasdaq wants BTC index options on a securities exchange.

CME says Bitcoin is a commodity—and only CFTC-regulated venues should trade derivatives tied directly to it.

Regulatory battle or market-share defense?

$BTC
#Bitcoin #CryptoOptions #Regulation

[Josh Brown @JoshBrownUbi]

594.5 BTC. 500 addresses. About 15 minutes.

Coinkite warns that seeds generated on Coldcard Mk3 firmware 4.0.1–5.0.3 may be at risk.

The cause remains unconfirmed.

Not a Bitcoin exploit—potentially a seed-generation failure hidden since 2021.

$BTC
#Bitcoin #SelfCustody #CryptoSecurity

[Josh Brown @JoshBrownUbi]

The CLARITY Act still lacks 60 Senate votes.

Kalshi gives it only a 37% chance of receiving a vote before the August recess.

The final blockers:

Crypto ethics.
Stablecoin rewards.
DeFi oversight.
AML rules.

The bill is not dead.

The calendar may kill it first.

#CryptoRegulation #Stablecoins #DeFi

[Josh Brown @JoshBrownUbi]

Institutions reached 72% of Wintermute’s OTC spot volume in H1 2026.

Crypto volatility fell.

Liquidity deepened.

But capital concentrated in fewer assets.

Institutional adoption may strengthen the market while making broad altseason harder.

$BTC $ETH
#InstitutionalFlows #Altcoins

[Josh Brown @JoshBrownUbi]

Fortitude is buying 9,000 Zcash miners for $31.5M.

Its projected fleet could exceed half of Zcash’s current network hashrate if total capacity stays near today’s level.

More mining investment strengthens the network.

One operator holding that much capacity creates a different risk.

$ZEC
#Zcash #Mining #Decentralization