Dear investors,
⏰ It’s time for our weekly commentary!
📊 Funding rates have yet to catch up with Bitcoin’s recent rally. This somewhat reduces the risk of a near-term shakeout and suggests the current trend is more constructive. Our “Chart of the Week” highlights the number of consecutive days in which the monthly average funding rate has remained negative. This figure is currently elevated and, historically, such levels have often aligned with major market turning points. Looking ahead, much will hinge on developments in the Middle East. A swift de-escalation, especially in light of US manufacturing ISM data and earnings revisions, would create a particularly supportive backdrop, reflected in equities driving higher despite the geopolitical threat. On the other hand, if the Strait remains closed, inflationary pressures would build and materially deteriorate this outlook.
🎯 Our portfolio is down 2.76% over the past 7 days and up 7.46% over the past 30 days. We made a very slight adjustment from BCH to TRX, SOL, and XRP. Crypto sentiment is starting to improve, the Fear and Greed Index is gradually moving out of the “fear” zone, and opportunities for basis trades are just beginning to reappear, a sign of a healthy, though not exuberant, market.
🔎 What happened last week:
👉 Meta has begun rolling out USDC-denominated payouts to eligible creators on its platforms, using Solana and Polygon as settlement rails. The initiative, facilitated through Stripe, marks one of the most significant moves by a major social media company into on-chain payments infrastructure.
👉 DeFi lender Sky (formerly MakerDAO) has reached a new all-time high in protocol revenue with $124m in gross revenue in Q1 2026, according to DL News. The milestone comes as the hybrid finance sector gains momentum; Sky's revenue trajectory was among the cases examined in CoinShares' first Hybrid Finance report, published in partnership with Token Terminal.
👉 Computershare, the largest US transfer agent with mandates covering 58% of the S&P 500, has partnered with tokenisation platform Securitize to offer issuer-sponsored tokens (ISTs). The product allows both listed and unlisted companies to make their stock available in tokenised form, with the token carrying full ownership rights. Unlike conventional listed shares, held under the DTC's Cede & Co nominee structure, ISTs operate as an extension of the direct registration system, giving issuers greater visibility over their shareholder base and a more direct engagement channel.
👉 Visa has added five new blockchain networks to its stablecoin settlement infrastructure, broadening the rails available to financial institutions and partners processing cross-border transactions: Stripe’s Tempo, Circle’s Arc network, Canton Network, Coinbase’s Base and Polygon. The move signals continued institutional investment in multi-chain payment architecture. Volumes processed through the pilot grew 50% quarter-on-quarter, reaching an annualised rate of $7B. For context, Visa processed $14.2T in payments in 2025, meaning roughly one in every $2,000 is now settled in stablecoins.
🔗 You can find the weekly wrap up of our $CS.ST Macro Research Team here: coinshares.com/corp/insights/research-data/market-update-01-05-2026/
Thank you for your support 🙏
$CSHR $BITC.DE (CoinShares Bitcoin ETP)... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Fri Aug 14 2026 21:51:34 GMT+0000 (Coordinated Universal Time)
