Lombard

Flow Traders is among the first institutional participants using Lombard's Bitcoin Onchain Credit Strategy, contributing a fixed premium to borrow stablecoins onchain. As Michael Lie, Global Head of Digital Assets at Flow Traders, notes: "Liquidity providers like Flow Traders use stablecoin financing to efficiently support their digital asset trading operations. Lombard's Bitcoin Onchain Credit Strategy connects Bitcoin holders with institutional financing activity, driven by real institutional demand and less correlated to DeFi market conditions." The yield source is categorically different from most digital asset yield products. It isn't a token incentive, a leverage-dependent return, or a DeFi utilization rate. It's a fixed annualized premium tied to the borrowing costs of an institutional participant, demand that exists regardless of market conditions. https://lnkd.in/gE92dNYs

We are excited to support Lombard's Bitcoin Onchain Credit Strategy, developed with cap. As Michael Lie, Global Head of Digital Assets at Flow Traders, notes: "Liquidity providers like Flow Traders use stablecoin financing to efficiently support their digital asset trading operations. Lombard's Bitcoin Onchain Credit Strategy connects Bitcoin holders with institutional financing activity, driven by real institutional demand and less correlated to DeFi market conditions." We look forward to supporting further innovation at the intersection of institutional finance and on-chain markets.

We've launched Bitcoin Onchain Credit Strategy, in partnership with Flow Traders (Euronext Amsterdam: FLOW), Cap Protocol, Symbiotic and Chainlink Labs For the first time, a publicly listed, regulated institution is accessing stablecoin credit through onchain infrastructure, and the fixed premium they pay flows directly to Bitcoin holders as yield. As a leading global trading firm, Flow Traders has real, persistent demand for stablecoin credit, but conventional DeFi lending requires posting collateral in a pooled model, something that presents operational and regulatory constraints for regulated institutions. This structure solves that: Bitcoin Earn depositors provide the collateral coverage, Flow Traders borrows against it, and the fixed premium it contributes comes back as Bitcoin-denominated yield. The yield source is categorically different from most digital asset yield products. It isn't a token incentive, a leverage-dependent return, or a DeFi utilization rate. It's a fixed annualized premium tied to the borrowing costs of an institutional participant, demand that exists regardless of market conditions. Bitcoin Onchain Credit Strategy joins Bitcoin Earn, Lombard's meta-vault and the first fund-of-funds architecture for onchain Bitcoin yield. Bitcoin Earn has accepted over $1 billion in cumulative deposits from more than 38,500 users since launch. Two structurally uncorrelated yield sources now sit within one product. Institutional credit opportunities of this type have historically been accessible only to professional funds. By embedding this within Bitcoin Earn, we're making it available to any Bitcoin holder through a single vault deposit.

Last week in Bitcoin: - Bitcoin bounced to a one-month high of $65,400, then slipped under $64,700 as oil prices rose and an AI-stock selloff hit risk assets. - Spot Bitcoin ETFs posted a second straight week of inflows, snapping an eight-week, $8B+ outflow streak. - Strategy paused Bitcoin buying for a second week and launched a Bitcoin Banking Adoption Index to track institutional engagement. - Developers introduced BIP-361 to freeze quantum-vulnerable addresses, while BIP-110 sparked a governance fight. - Traders bought $2.5B in Deribit call spreads targeting $72,000 by July 31, two days after the Fed's rate decision. - Europe got its first Bitcoin-backed preferred stock, as Bitcoin Treasury Capital AB listed a 10%-dividend BTC PREF security in Sweden.

Last week in Bitcoin: - Bitcoin slips below $63K as fresh US-Iran strikes spike oil prices, even as spot ETFs post their first weekly inflow in nine weeks (~$282M). - Strategy pauses Bitcoin buying entirely since June 22, instead raising $466.7M in stock to push its cash reserve to $3B. - SpaceX moves Bitcoin onchain for the first time in six months with an $88 test transfer. - Strike launches "volatility-proof" Bitcoin loans built to protect borrowers from liquidation. - New Hampshire's $100M Bitcoin-backed bond proposal fails to pass its final vote. - BitGo introduces quantum protection for institutional Bitcoin wallets. - Whale addresses accumulate ~270,000 BTC (~$16.7B) over two weeks near $59K. - Public companies bought 110,000 BTC in Q2 2026, pushing corporate treasury holdings past 1.26M BTC (~$79B). - Mubadala boosts its BlackRock IBIT stake 16%, pushing UAE-linked ETF exposure above $1B.

Last week in Bitcoin: - Bitcoin rebounds to ~$63K after touching a 21-month low near $58,100. - Spot Bitcoin ETFs end a painful 10-day, $2.7B outflow streak with a $221.7M single-day inflow. - Strategy sells 3,588 BTC to fund STRC dividends, its largest sale since 2022 and a break from its "never sell" stance. - Metaplanet buys another 2,823 BTC, pushing holdings to 43,000 BTC and targeting 100,000 by year-end. - MiCA reaches full EU enforcement on July 1; Binance withdraws its license bid and loses EU market access. - US CLARITY Act misses its July 4 target in the Senate.

Last week in Bitcoin: - Bitcoin falls below $60K for the first time since October 2024, on track for rare back-to-back quarterly loss. - June sets record for spot Bitcoin ETF outflows: $4 billion pulled, the worst month on record. - $10.6 billion in Bitcoin options expired on June 26 with 80% out of the money.  - Bitcoin mining difficulty drops 10% as miners pivot to AI, before bouncing +7.15% on June 26. - Goldman Sachs covered-call Bitcoin ETF set to list imminently, institutions chase BTC yield. - Google researchers say a quantum computer could break Bitcoin's encryption in 10 minutes. - BIP-361 proposed: Bitcoin's first concrete quantum-resistance migration roadmap, authored by Jameson Lopp.

Last week in Bitcoin: - BlackRock launches BITA, the first US covered-call Bitcoin ETF targeting 15–25% annual yield. - Franklin Templeton files two ETFs that automatically convert stock dividends into Bitcoin exposure. - Bitcoin ETF inflows return with $85.8M net positive on June 15 after record May outflows. - Strive buys 759 BTC for $50M between June 15–21, outpacing Strategy's weekly purchase. - Strategy adds 520 BTC, total holdings reach 847,363 BTC worth $54.8B. - Goldman Sachs files with SEC for Bitcoin Premium Income ETF. - US–Iran ceasefire progress drives Bitcoin's strongest weekly open, hitting $66,242. - Bitcoin holds above $65K as oil prices fall and inflation fears ease.

Last week in Bitcoin:  - Michael Saylor's Strategy buys another 1,550 BTC for $101M - its first purchase since selling Bitcoin for the first time in four years. - Morgan Stanley lets clients lend bitcoin and other assets for in-kind spot crypto ETF conversions. - Coinbase and Better, fund first ever Fannie Mae-insured mortgage backed by BTC. - Spot Bitcoin ETFs log $1.7B in weekly outflows, largest since February 2025.

Last week in Bitcoin: - Texas appoints CleanSpark exec, Bitcoin miner CEO to Strategic Bitcoin Reserve committee. - Kraken expands Earn suite with Bitcoin Vault paying yield on BTC holdings. - CFTC approves first US-regulated Bitcoin perpetual futures on Kalshi. - CME launches 24/7 Bitcoin futures, killing the iconic "CME Gap". - Bitcoin Derivatives: options OI overtakes futures for first time. - NYDIG suggests $1.3B IBIT sale was whale exiting directional trade.