Briefs · Evening brief
Bitcoin closed the U.S. session nearly unchanged from the morning on Coinbase, Strategy's latest proxy materials set Nov. 1 for STRC daily dividends and Jan. 1 for the other three preferreds if the Oct. 28 vote passes, and Cipher Digital filed to offer $850 million of 0.00% converts due 2032.
Bitcoin closed the U.S. session at $83,219.11 on Coinbase, 0.53% above Monday's close and 0.03% below its 6:42 a.m. ET level. Ether and solana recovered part of the overnight dip but still finished below Monday. [1][3]
The stake is Strategy's preferred-dividend calendar. Proxy materials filed at 4:01 p.m. ET say that if holders approve daily dividends at the Oct. 28 meeting, payments would begin Nov. 1 for STRC and Jan. 1 for STRF, STRK and STRD; voting closes 11:59 p.m. ET Oct. 27. [9][10]
Coinbase 4:00 p.m. ET one-minute candles vs Monday's 4:00 p.m. ET candle and the 6:42 a.m. ET ticker. [1][3]
| Asset | 4:00 p.m. ET close | vs Mon close | vs 6:42 a.m. ET |
|---|---|---|---|
| BTC-USD | $83,219.11 | +0.53% | −0.03% |
| ETH-USD | $2,506.90 | −0.50% | +0.56% |
| SOL-USD | $107.46 | −0.71% | +1.13% |
| XRP-USD | $1.3712 | +0.52% | +0.97% |
Bitcoin's 6:40 a.m. ET to 4:00 p.m. ET range was about 1.1% (high $83,784.68; low $82,866.38). [1]
OP led the Coinbase 28-pair USD screen. TIA gave back most of its overnight spike; NEAR and FET lagged. Twenty-four of 28 pairs rose after 6:42 a.m. ET. [2]
| Coin | 4:00 p.m. ET close | vs Mon close | vs 6:42 a.m. ET |
|---|---|---|---|
| OP | $0.15302 | +12.32% | +11.66% |
| INJ | $8.136 | +6.08% | +3.66% |
| TIA | $0.5795¹ | +5.40% | −7.62% |
| FIL | $1.1823 | +4.36% | +3.10% |
| UNI | $7.5383 | +2.02% | +3.15% |
| FET | $0.21276 | −4.82% | −0.08% |
| NEAR | $5.0175 | −8.16% | −1.84% |
¹ No trade in the 4:00 p.m. ET minute; TIA is the 3:59 p.m. ET candle. [2]
OKX USDT perpetual swaps only, ~4:15 p.m. ET. Funding, the periodic payment between long and short holders, drifted slightly positive; next settlement is 8:00 p.m. ET. [4]
| BTC-USDT-SWAP | ETH-USDT-SWAP | SOL-USDT-SWAP | |
|---|---|---|---|
| Current-period funding | +0.004380% | +0.005422% | +0.006962% |
| Last settled (12:00 p.m. ET) | +0.004842% | −0.000123% | −0.000024% |
| Mark − index | −4.8 bp | −3.9 bp | −4.7 bp |
BTC's current rate sits at its average over the last 100 settled OKX periods (Sep. 10–Oct. 13; mean +0.004329%). Mark stays a few basis points under the index. [4]
OKX liquidations since ~6:26 a.m. ET were small and two-way: $2.14 million BTC longs / $1.07 million shorts, and $2.16 million ETH longs / $2.92 million shorts, at bankruptcy price. Cross-exchange totals are not in this brief. [5]
Cash close 4:00 p.m. ET Tuesday vs Monday. S&P 500 7,805.45 (−0.02%); Nasdaq Composite 27,204.38 (−0.15%). [6][7]
| Ticker | Close | vs Mon | Note |
|---|---|---|---|
| COIN | $181.79 | +0.78% | Second straight small gain |
| MSTR | $152.18 | −0.33% | Faded from $156.19 high |
| HOOD | $110.52 | +1.19% | Best of the platforms |
| CRCL | $84.27 | +0.48% | Recovered from $81.65 low |
| MARA | $9.11 | −3.50% | Weakest of the group |
| RIOT | $16.67 | +1.21% | Bounced off $15.63 low |
| CLSK | $10.15 | −1.46% | Lower |
| HUT | $83.61 | −1.91% | Recovered most of a drop to $78.70 |
| IREN | $34.80 | 0.00% | Unchanged (Nasdaq) |
| XRPN | $16.48 | −2.54% | Second session; range $15.70–$17.86 |
01 · Strategy sets preferred-dividend start dates; voting closes Oct. 27. A DEFA14A accepted at 4:01 p.m. ET Tuesday states that voting "closes at 11:59 PM Eastern on October 27th," the special meeting is Oct. 28, and "If approved and when declared, daily dividends would begin November 1st for STRC and January 1st for the other three. Not voting counts as a no." [9][10]An 8-K at 8:00 a.m. ET put Monday's print on EDGAR: 250 BTC for $21.5 million (avg $86,194) and 1,932,145 STRC shares for $192.4 million; holdings 848,250 BTC at avg cost $75,444. [8]
02 · Cipher Digital proposes $850 million of 0.00% convertible notes due 2032. An 8-K at 8:10 a.m. ET Tuesday says Cipher intends to offer, subject to market and other conditions, $850.0 million of 0.00% convertible senior notes due 2032 to QIBs under Rule 144A, with a 13-day option for up to $150.0 million more. Proceeds are slated for capped calls, Barber Lake equity, HPC build-out and corporate purposes, with a concurrent exchange of some 1.75% 2030 converts for common stock. [11][12]
03 · Tether invests in EFY Finance for LATAM stablecoin rails. Tether said Oct. 13 it invested in EFY Finance, a LATAM firm with USD₮ and USA₮ on/off-ramps, OTC, wallets and cards across more than 12 currencies, settling to local accounts in 17 countries. The release does not state the dollar size. [13]
04 · Aave Risk Stewards post Oct. 13 cap and IRM changes. At 3:37 p.m. ET, LlamaRisk recommended Monad USDC supply/borrow caps to 350M/315M, Core cuts to USDtb, LDO (supply to 1) and tETH, and Slope1 up 10 bps on V3 stablecoin reserves. The post is a recommendation; execution is separate. [14]
Holding the Corner.
Not financial advice.