BitcoinYield

🏛️ The Managed Fund Approach to Generating Bitcoin Yield A conversation with the fund managers of @syphercapital In this episode, we sit down with Steve Han and Michael Song of Sypher Capital to discuss how serious Bitcoin fund managers are approaching BTC-denominated yield for their LPs. Topics Discussed: 0:00 - Managed BTC yield vs direct protocol deployment 4:15 - Changes in the Space the Last Year 6:35 - Sypher Capital Origin Story 9:30 - Assessing On-Chain vs Off-Chain Opportunities 13:50 - Performing Due Dilligence 20:42 - Lessons Operating Fund Last 1.5+ years 22:50 - Creating the Perfect Yield Product 25:25 - Updating the BitcoinYield 5-Point Safety Framework 29:32 - What Innovations Are Exciting 32:00 -Tokenization 40:30 - Tax Implications Watch the 45-minute conversation below 👇

Lightning Network capacity trending down while BTC available for liquidity is on the up. Magma's share of public capacity available for lease: 8.6% → 12.1%. Public Lightning capacity, ~35 days: 5,038 BTC (Jun 22) → 4,466 BTC (Jul 27). −11.4%. @AmbossTech Magma lease capacity, same 35 days: 431 BTC → 540 BTC. +25.3%.

Great read of on-chain vaults from @alexandersblume. "Increasingly, the individual will have fewer investment protections and be forced to more fully rely on their own judgment and research. Standardization and self-regulatory approaches would go a long way in avoiding much of this pain."

@HaileyLennonBTC +1

This is why we bitcoin

@Kilombino_ @bitcoin_bugle No u

@bitcoin_bugle You don't know what are you talking about.

BREAKING: Fabians hacked Consensus.Health gaining unauthorized access to dozens of BIP-110 supporters’ data increasing the risk of their nodes being pooped on.

@Jestopher_BTC Truff

@Bitcoin_phan Real one 💪

I disapprove of your BIP, but I will defend to the death your right to fork.

@DegenerateNews @coinbase @base @solana Just buy Bitcoin and put it to work.

NEW: @coinbase INTRODUCES "LAUNCHES" - ALLOWING USERS TO TRADE @base AND @solana TOKENS AS SOON AS THEY'RE LIVE ONCHAIN

@SteaknShake Are you guys putting that Strategic Bitcoin Reserve to work and grow?

Steak n Shake is a sustainable Bitcoin company. Bitcoin payments go into our Strategic Bitcoin Reserve. And the savings in processing fees over credit cards helps us reinvest in improving the quality of our offerings. The allegiance of Bitcoiners is unparalleled. We thank them on our journey to become a MAHA-aligned company. We are increasing sales at a rate faster than any other fast food chain.

@isabelfoxenduke @River @Leishman One of the 🐐

Very excited to have @River CEO @Leishman on the show tomorrow — to dive into the technical and operational challenges faced by Bitcoin's largest custodians and exchanges. We'll be discussing how custody practices have evolved after nearly every historical blowup — and will continue to evolve into the post-quantum era and beyond.

@BitcoinPierre lol

After they fail, the BIP-110 hipsters will pivot to AI safety alignment, lobbying for bans on open weight LLMs to prevent arbitrary contiguous data generation.

@fintechfrank @tokenterminal Insane adoption

Wow. Less than a month after launch, Robinhood Chain has become the largest network by tokenized stock holders, surpassing Solana, BNB Chain, Ethereum, and Base. Distribution matters. Source: @tokenterminal

EXPLAINER: How @yieldbasis Real Yield Vaults work. These vaults aim to offer higher DEX trading-like returns without being exposed to impermanent loss.

Binance's BTC Yield product is 20 days old. Deposits: 92 BTC at launch → 226 BTC today. BTCY Conversion Rate: 1.00005 (Jul 9) → 0.99985 (today). 2.4x the BTC in the product. The BTC-per-BTCY rate trending down.

The Top BitcoinYield Strategies Today 📈 July 27th, 2026 🔸Paid in BTC: @AmbossTech Magma: 3.09% @SolvProtocol BTC+: 2.99% @Lombard_Finance Earn: 2.02% @HermeticaFi hBTC Vault: 1.48% @krakenfx Bitcoin Earn: 1.36% 🎪 Paid in ALTs: @Starknet BTC Staking: 2.64% @babylonlabs_io Staking: 0.04% 🏦 BTC-Denominated Managed Funds: @syphercapital Fund: 3.46% @CoinbaseInsto Fund: 4.00%* Rates are point-in-time, not realized returns. *Current returns could not be verified and may be stale. See real-time data for all tracked products at bitcoinyield.com bitcoinyield.com

Kraken Earn holds ~5,046 BTC at 1.38%. Solv BTC+ holds ~286 BTC at 2.97%. Per $1M deployed, annualized: Kraken $13,800 Solv $29,700 The spread is $15,900 a year per $1M — and 18x more BTC sits on the side paying less. That said, would Solv's APR hold under scaled capital?  This is a good example that some of the best returns in the market can be found in unique, underexplored areas, which have less capital to compete with.

Lombard's LBTC float fell from 12,036 BTC to 8,743 BTC on July 7 and has not recovered. Eighteen days mostly flat at ~8,710.

@galaxyhq See the on-chain proof: mempool.space/tx/4cee9fff5e4…

1 year ago today, Galaxy Digital sold 80,000 BTC (>$9B at the time) for a Satoshi-era investor, Forwarding ~30,000 BTC to exchanges gradually while price held ~$117K .

@stutxo based Steve's are undefeated

one day, people will ask what it was like to watch him in his prime we will be able to say we witnessed it

@coinjoined your on fire lately

FUDster: Knots only has one dev who merges without peer review 😡 Me, an intellectual: Knots has more maintainers than Core (n+1)!