Bitcoin risk management grows more popular as the 'just bet on price' era fades

For investors worried that the runaway artificial-intelligence trade might be about to hit the skids, prediction markets are already starting to reflect that anxiety.

Partnership starting with $790-million portfolio

Updated Oct 21, 2026, 11:24 a.m. EDTPublished Oct 21, 2026, 11:22 a.m. EDT4 min readDATA CEO Andrea Muttoni (Source: DATA)SummaryDATA shifted from its broad intellectual property ambitions to AI training data after finding that established licensing markets were difficult to disrupt, CEO Andrea Muttoni told CoinDesk. The startup is moving to Sui following a $30 million investment from Sui Foundation, allowing the company to focus on its data verification tools rather than maintaining its own blockchain. DATA's Trace registry tracks the origins, consent terms and licensing history of AI training data, with partner Kled adding millions of contributions each day. DATA, the blockchain startup backed by Andreessen Horowitz's a16z crypto and formerly known as Story Protocol, is shutting down its blockchain and moving to Sui after securing a $30 million investment from the network's foundation. The move comes after spending years trying to bring intellectual property onchain. But after raising $140 million and building its own blockchain, the company found that changing how the world's intellectual property is licensed was harder than expected.

Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports. Key points:Bitcoin climbed nearly 2% on Wednesday to return to $84,600 for the first time since Oct. 7. SpaceX Q3 operating revenue beat expectations by nearly 15%, coming in at $14.6 billion. BTC price action needs a daily close above $83,400 to shift the focus higher in its trading range, crypto analyst Rekt Capital wrote. SpaceX Q3 earnings help propel Bitcoin to $84,600Data from TradingView showed BTC/USD gaining nearly 2% on the day as markets reacted to a significant Q3 earnings beat from SpaceX. BTC/USD one-day chart. Source: Cointelegraph/TradingViewAfter the market close on Tuesday, SpaceX reported a Q3 revenue of $14.6 billion, up 161% year-on-year and beating expectations by nearly 15%. The net income of the company was $4.4 billion for the quarter. “The combination of our launch leadership, recurring Starlink revenue, and the significant expansion of our SI infrastructure continues to drive meaningful operating leverage,” chief financial officer Bret Johnsen commented on the earnings release.

Updated Oct 21, 2026, 11:30 a.m. EDTPublished Oct 21, 2026, 11:09 a.m. EDT3 min readBybit CEO Ben Zhou (Danny Nelson/ CoinDesk)ZusammenfassungBybit CEO Ben Zhou said partnerships are a standard approach of Bybit’s when entering new territories. The second-largest cryptocurrency exchange is looking to expand into the U. K., saying it remains an attractive, untapped market. Bybit, the second-largest cryptocurrency exchange by trading volume, plans to buddy up with an established local company when it enters the U. S. to help it challenge the reach of firms like Robinhood Markets HOOD$102,32, according to CEO Ben Zhou. Zhou said finding a partner is Bybit’s standard approach when entering new territories, suggesting that for the U. S., Bybit will consider working with a company such as Interactive Brokers (IB), for example. “It’s best at this stage to work with a partner who wants to enter the crypto field and who already has a client base in the U. S.,” Zhou said in an interview. “For example, IB or one of those guys who haven't gone into crypto and have a good U. S.

Oct 21, 2026, 11:00 a.m. EDT5 min readRésuméYou're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. Fixed-rate lending is the clearest growth lever for real-world assets (RWAs) in decentralized finance (DeFi). It unlocks a strategy that credit desks have run for decades but DeFi has never meaningfully implemented: buy a quality income asset, borrow against it at a locked rate below the asset’s yield and buy more of the asset. Stablecoins are steadily sitting around $300 billion in supply and aggregate vault assets are nearing the $20 billion milestone. Morpho alone carries more than $16 billion in deposits, most of it in variable-rate markets priced on pool utilization, which serve crypto-native traders who manage liquid positions in real time but leave longer-dated borrowers with uncertainty. Fixed-rate, fixed-term lending closes that gap by matching the term of the loan to the duration of the collateral, especially for RWAs whose redemptions can settle anywhere from T+7 to T+90.