Everything web3, crypto, defi, degen
In brief Validators will decide the USDH ticker in an on-chain vote scheduled for September 14. Hyperliquid claims the ticker carries no special privileges, while analysts see it as a push to reduce reliance on USDC. Analyst estimates suggest USDH could divert $5.5 billion from USDC and generate $220 million annually for HYPE holders. Hyperliquid,…
In brief El Salvador bought 21 BTC on September 7 to celebrate the fourth anniversary of its Bitcoin Law. The country’s Bitcoin reserve now totals 6,313.18 BTC valued at about $701 million. The purchase comes despite an IMF loan requiring the government to halt Bitcoin accumulation. El Salvador continues to stack sats.On Sunday, President Nayib…
In brief Bitcoin’s pseudonymous creator, Satoshi Nakamoto, disappeared in 2011. SharpLink Gaming co-CEO Joseph Chalom thinks Nakamoto will return as Bitcoin faces a quantum computing threat. Nakamoto is linked to nearly 1.1 million Bitcoin, valued at over $120 billion. Bitcoin’s elusive, pseudonymous creator Satoshi Nakamoto has remained in the shadows since his last message in…
In brief The LINEA token will begin its airdrop process on September 10. More than 9 billion tokens will be available to early users when the claim opens. An additional 75% of the total supply will ultimately be distributed to ecosystem participants. Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an…
In brief Robinhood was added to the S&P 500 Publicly traded digital asset-focused firms have benefited from the friendlier regulatory and political environment of recent months. The S&P 500 added crypto exchange Coinbase to the index in May. Shares of Robinhood soared 7% in after hours trading after the retail brokerage, which focuses heavily on…
In brief Hyperliquid has opened proposals for teams to issue a USDH stablecoin on its network. Validators will have five days to vote on proposals, with the ticker being unlocked for the winning team once quorum is reached. But an established Hyperliquid stablecoin protocol is calling it “unfair,” as it pursued the ticker in the…
In brief Sora Ventures aims to raise $1 billion to help bolster Bitcoin treasuries in Asia The firm seeks to accumulate a further $800 million for BTC over the next six months. Last year, Sora invested in Metaplanet, the largest Bitcoin treasury firm in Asia. Crypto venture capital firm Sora Ventures aims to raise $1…
In brief An Ethereum ICO whale from 2015 moved $645 million worth of ETH from three wallets to a staking service. The whale still holds $1.1 billion in ETH. A Myriad Linea prediction market shows more than 70% of respondents believing that ETH will hit $5,000 by year’s end. An Ethereum whale that scooped up…
In brief Bitcoin was flat over 24 hours, clawing back earlier losses to trade at $111,100, CoinGecko data shows. Goldman Sachs expects August payrolls to show 60,000 jobs added versus 75,000 forecast, with unemployment rising to 4.3%. Markets largely expect a 25-basis-point Fed cut on Sept. 17, though wage and unemployment surprises could sway the…
In brief Whales have increased their ETH holdings by 14% in the past five months. The uptick in interest comes amid massive institutional interest surrounding the second-largest crypto. Ethereum’s year-to-date returns and ETF inflows have both outpaced Bitcoin’s, showing the pivot in narrative. Ethereum’s outlook is flipping increasingly bullish as whale cohorts ramp up their…
