Everything web3, crypto, defi, degen
In brief Ethena presented a proposal for Hyperliquid’s stablecoin. USDH would be indirectly backed by BlackRock’s tokenized BUIDL fund. Ethena would divert USDH revenue back into Hyperliquid’s ecosystem. Ethena Labs, makers of the synthetic-dollar protocol, cast its name into the USDH ring on Tuesday, presenting itself as a potential suitor for issuing Hyperliquid’s stablecoin.The decentralized…
In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets. The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…
In brief Solana hit $219.50 and XRP rose above $3 as both cryptocurrencies outperform the broader market while Ethereum cools down. Prediction markets show 54% of users expect Solana to reach new all-time highs by year-end, with similar bullish sentiment for XRP hitting $4. Expected SEC approval of Solana and XRP ETFs in the U.S.…
BTC HOLDS SUPPORT, MAJORS ALL UP, PUMP +40% IN A WEEKBTC holds $110k support, sentiment back to neutral. Robinhood to join S&P 500, Strategy misses out. Whales sold $12.7b BTC over past month. Companies currently buying 1755 BTC per day. SOL gets new treasury vehicle with $1.65bn cash. ETH ETFs saw 2nd largest daily outflow…
In brief Forward Industries unveiled a $1.65 billion private placement in public equity. The firm will accumulate Solana, with support from several firms. Forward’s stock price soared 92% pre-market, but then fell. It’s still up 40% on the day, as of this writing. Forward Industries unveiled a $1.65 billion private placement in public equity, or…
In brief Ethereum ETFs recorded four consecutive days of outflows totaling $787.6 million from September 2-5, with Thursday’s $446.8 million representing the largest single-day exodus. Bitcoin ETFs posted net inflows of $250.3 million over the same period amid volatility. Analysts pointed out structural disadvantages, including staking restrictions and Ethereum’s “higher-beta” nature, making it the first…
Nemo Protocol, a DeFi platform built on the Sui blockchain, was hacked for $2.4 million late on Sunday, according to blockchain security firm PeckShield.The attack preceded scheduled maintenance on the platform planned for Monday and Tuesday.In a tweet, Nemo protocol stated that a “security incident” had affected its market pool. “We are investigating the matter…
In brief Dogecoin jumped 5.1% to $0.22, buoyed by news of a proposed ETF from REX Shares. TRON gained 2.4% after headlines tied to founder Justin Sun, while XRP added 2%. September’s rate cut expectations and renewed retail activity could set the stage for a stronger Q4. Altcoins are starting to rise, with Dogecoin leading…
In brief Dogecoin is one of the most valuable cryptocurrencies on the market, but it’s down 70% from its 2021 peak. While Bitcoin, Ethereum, and XRP all recently set new peaks, Dogecoin isn’t enjoying the same momentum. Experts tell Decrypt that the digital asset lacks use cases. Can a DOGE ETF really make a difference?…
In brief SOL Strategies received approval to list its common shares on the Nasdaq Exchange. The firm intends to trade under ticker STKE starting on September 9. Shares of the firm were up nearly 20% on the Canadian Stock Exchange on Friday. Publicly traded Solana treasury and infrastructure company SOL Strategies received approval to list…
