
LMAX Unveils 100x Crypto Perps as ETFs Draw Inflows
Bitcoin hits $116K ahead of Fed decision as embedded wallets and transfers scale
Key Highlights
- •Bitcoin tops $116K (+1.33%) ahead of the Fed decision
- •LMAX launches 100x leveraged, cash-settled BTC and ETH perpetuals for institutions
- •BitMine discloses a $10.77B crypto portfolio spanning BTC, ETH and strategic stakes
Today’s Bluesky crypto discourse clustered around two arcs: institutional rails accelerating, and social-native monetization pushing crypto into everyday use. With macro anticipation building ahead of the Fed, participants weighed inflows, leverage, and payment UX as signals for the next leg of market structure and sentiment.
Institutional rails are widening: ETFs, perps, and treasuries
Flows remain the north star. Community posts highlighted ongoing ETF inflows into Bitcoin and Ethereum as confirmation that regulated wrappers are still absorbing supply and setting the tone for other venues.
Bitcoin & Ethereum ETFs continue to see massive inflows!
Market plumbing is stepping up in parallel. London’s LMAX introduced 100x leveraged, cash-settled BTC and ETH perpetuals for institutions, signaling demand from prop firms and brokers. On the consumer side, PayPal’s move to ease crypto transfers was widely noted, with a detailed report pointing to support across dozens of assets and wallet interoperability—bridging mainstream payments with on-chain liquidity.
Balance-sheet strategies are diverging as well. A comparison of crypto treasury strategies contrasted Bitcoin maximalism with ETH-aligned corporate bets, while BitMine’s disclosed $10.77B portfolio underscored how scale and mix (ETH, BTC, strategic stakes) are becoming strategic differentiators. Together with sustained ETF demand, these signals depict an institutional stack that is broadening in both instruments and ideology.
Macro watch and market conviction: from 116K prints to 750K forecasts
Near-term price action framed the day. As traders awaited the Fed, posts flagged BTC’s push to $116K and a broader crypto rebound, while rate-cut speculation fueled talk of a risk-on impulse that could reprice cycle highs.
Crypto rebounds! Bitcoin tops $116K (+1.33%), leading gains as markets await Fed rate decision.
Longer-duration confidence is intact. Pantera’s Dan Morehead, cited here as constructive across majors, drew attention with a 4–5 year Bitcoin target far above current levels and sustained Ethereum strength. Meanwhile, the stablecoin foundation remains a point of debate, sharpened by Tether’s profitability claim—a reminder that liquidity scaffolding is both profitable and systemically pivotal.
Beneath the headline prints, sector breadth is rotating. CeFi outperformance and pockets of Layer-2/GameFi strength accompanied the bounce, while Solana’s pipeline—referenced via the “Alpenglow” upgrade narrative—kept alternative throughput stories in the frame. The mix of macro catalysts, liquidity comfort, and roadmap milestones is sustaining a constructive bias, even as dispersion persists.
Creator monetization meets crypto-native social rails
At the social edge, creators are being handed integrated payment rails. A notable example: social-native payouts via an in-app wallet that bundles tips, subscriptions, P2P, and trading—lowering friction between content, community, and capital. The call to action is explicit, including a live product path via Get Faxo.
Stop posting for free.
This creator-first motion complements mainstream payment gateways, echoing the broader thread of consumer-grade UX meeting programmable money. As social graphs experiment with embedded wallets and instant settlement, value capture migrates closer to the point of creation—converging with the institutional rails now forming at scale.
Across Bluesky today, the throughline is convergence: regulated inflows and institutional leverage widening access at the top, macro and liquidity dynamics bolstering conviction in the middle, and creator monetization anchoring everyday use at the edge. Watch the triangulation of ETF flows, payment UX (from PayPal-grade to social-native), and institutional derivatives—together, they map the next phase of crypto’s mainstreaming.
Data reveals patterns across all communities. - Dr. Elena Rodriguez