Everything web3, crypto, defi, degen
In brief 21Shares wants to list a Hyperliquid exchange-traded fund. HYPE, the native coin of decentralized exchange Hyperliquid, is the 16th biggest cryptocurrency by market cap. The SEC is weighing ETF applications tracking different altcoins, and combinations of tokens. Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid…
In brief Kraken’s parent company, Payward, topped the list of spenders from the crypto industry. Payward spent between $323,000 and $430,000 in 2024. The EU’s Markets in Crypto-Assets Regulation went fully into effect on December 30, 2024. Crypto exchanges spent millions lobbying the European Union in 2024, based on publicly available data, with many of…
In brief A meme coin tied to a statue of Binance founder Changpeng “CZ” Zhao surged on Wednesday The statue was shown in Washington, D.C., for a handful of hours on Tuesday. Unaffiliated meme coins with similar branding may be causing confusion for traders. A meme coin tied to a golden statue of Changpeng “CZ”…
In brief Bitcoin miner TeraWulf is aiming to raise a total of $575 million to fund its data center plans. The Nasdaq-listed company in August said it was working with Fluidstack to build an AI data center with 168 MW of critical IT load. TeraWulf’s stock was down slightly on Wednesday after spiking the previous…
In brief The U.S. dollar’s recent consolidation and potential breakout could trigger another potential top for Bitcoin. Analysts argue that institutional accumulation has fundamentally changed Bitcoin’s market structure. A 15% to 25% correction in Bitcoin is likely if the dollar index breaks out above 100, according to analysts. A historical pattern linking U.S. dollar breakouts…
In brief Bitcoin miner TeraWulf said Tuesday that it is expanding its partnership with Fluidstack. The company in August announced Google-backed plans to expand into the world of AI. TeraWulf’s stock climbed nearly 17% on Tuesday. On a largely bleak Tuesday for Bitcoin mining stocks, TeraWulf’s share price soared nearly 17% after the Nasdaq-listed firm…
Western Union will release a stablecoin via the Solana blockchain in 2026, the company said Tuesday.The international payments firm said in a joint announcement with the Solana Foundation that the new digital token will be called USDPT and issued by Anchorage Digital Bank.”Western Union will provide users with access to digital assets, and we look…
In brief BlackRock CEO Larry Fink described crypto and gold as “assets of fear” at the Future Investment Initiative in Riyadh, citing investor concerns over currency debasement and financial security. IMF forecasts show the U.S. debt-to-GDP ratio will reach 143.4% by 2030, exceeding Italy and Greece for the first time this century, with deficits above…
In brief A “runaway bot” drove Hyperliquid’s HYPE token to $98 on Lighter DEX, highlighting thin liquidity risks on DEXs. One trader claimed to have profited to the tune of $600,000 during the anomaly. The DEX erased the price wick from its front end, sparking a debate around data transparency. A “runaway bot” triggered a…
In brief Trump Media and Technology Group, in which President Donald Trump is a majority stakeholder, is working with Crypto.com to debut a prediction market. Truth Predict, users will allow users to put money on sports games, elections, and other events. A Nevada judge this month denied Crypto.com’s injunction request to block state gaming regulations…
