Armada Daily Repo Summary Archive

2026-09-03

150 items scanned · 9 actionable · tap any headline to open its briefing
Regulatory & Enforcement
CFTC moves to dismiss CME lawsuit over approval of crypto perpetual futures
CFTC's standing argument, if upheld, clears the path for non-CME venues to list perp futures, expanding the crypto derivatives landscape relevant to Armada's crypto-repo collateral counterparties.
Australia intensifies crypto business enforcement as AFSL licensing deadline approaches
Australian regulatory tightening under AFSL requirements affects crypto-repo counterparties operating in APAC, with potential compliance friction for Armada's cross-border institutional client onboarding.
Traditional Repo & Rates
Fed Governor Waller signals hold at September FOMC, diverging from Chair Warsh
A hold keeps SOFR and fed funds range unchanged, directly anchoring overnight repo rates and term funding costs for Armada's traditional desk counterparties.
Duffie on Bloomberg Odd Lots: Fed balance sheet shrinkage mechanics and Treasury yield surge
Duffie's analysis of QT mechanics and Treasury yield drivers is directly relevant to Armada's traditional desk monitoring of reserve scarcity, SOFR, and primary dealer capacity.
Crypto Repo & Lending
21 major banks including BofA, Citi, Goldman commit to joint dollar stablecoin venture
A bank-consortium stablecoin could become high-quality liquid collateral on Armada's crypto-repo desk and reshape the tokenized collateral competitive landscape against T-Bill tokens.
SoFi and Kraken parent Payward partner to integrate banking and crypto prime brokerage
Kraken Prime entering a banking-integrated prime brokerage model expands institutional crypto financing infrastructure, affecting the competitive landscape for Armada's crypto-repo desk.
Bitget in talks with BlackRock and Wall Street firms for Asian crypto distribution
BlackRock's potential distribution partnership with Bitget signals accelerating institutional crypto market infrastructure in Asia, a region increasingly relevant to Armada's crypto-repo counterparty pipeline.
DeFi Benchmarks (Aave / Compound)
Aave V3 Risk Stewards raise USDe borrow base rate 100 bps, hike stablecoin slope1 20 bps
Rising DeFi stablecoin borrow rates on Aave V3 serve as a benchmark for Armada's crypto-repo desk pricing; USDe rate changes signal shifts in on-chain collateral demand and yield expectations.
Compound Governance proposes deprecating Ethereum wstETH Comet amid absent borrow demand
Deprecation of the wstETH Comet removes a DeFi benchmark for wstETH-collateralized borrowing, affecting Armada's crypto-repo desk rate-comparison and LTV calibration for liquid staking token collateral.