Everything web3, crypto, defi, degen
Decentralized perpetual futures exchange Hyperliquid has gone from being a market maker to one of the biggest crypto projects in the world.Hyperliquid has processed trillions of dollars in volume in its lifespan and is now the third-largest decentralized exchange in crypto—trailing only industry veterans PancakeSwap and Uniswap.It has been the talk of the town in…
In brief A meme coin modeled on Baby Shark’s creator collapsed. Pinkfong said the token created using Story Protocol was unaffiliated. Story Protocol deleted posts, but sleuth ZachXBT saved some receipts. A meme coin touting Pinkfong’s name collapsed on Thursday after the entertainment company behind YouTube hit Baby Shark said that it was unaffiliated with…
In brief A volatile crypto market has led to drastic odds shifts on some of Myriad’s most-traded prediction markets. Predictors have flipped bearish on Ethereum and PENGU, now suggesting both are more likely to “dump” then rise to new heights. While a Solana all-time high by the year’s end felt likely last week, predictors now…
Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period closing in on $1 billion. Bitcoin, the leading cryptocurrency, was recently down by nearly 4%, trading for under $109,700, CoinGecko data shows. While Ethereum, the second biggest digital coin, dropped further—by 7.5%—and was trading for $3,879 Thursday afternoon New York…
In brief Liquidations topped $1.1 billion, most of the them long positions. Bitcoin was down 3.6% over the past 24 hours and nearly 7% for the week. Glassnode said that crypto markets were showing “signs of exhaustion.” Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period topping…
In brief JD Vance posted a heavily edited photo of him on X, leading to a Solana meme coin to skyrocket 65% in an hour. The token and broader meme spawned after the U.S. Vice President told Ukrainian President Zelenskyy that he needed to thank America for help in the fight against Russia. His reposting…
In brief DeFi Development Corp. is boosting its share repurchase program from $1 million to $100 million. The firm will consider buying back shares from the open market when its mNAV trades below 1. DFDV is up about 4% on the day, but down 12% in the last week of trading. Shares in Solana treasury…
In brief Fartcoin is down 27% this week and now 75% off its all-time high of $2.48. Myriad Markets users do not think the token will make a new all-time high this year, giving it just a 20% chance of doing so. Other popular meme coins like DOGE and PENGU are also struggling on the…
In brief September got off to a hot start, but the seasonal “Red September” curse might now be kicking in. Bitcoin is now just 4% away from marking another down month in September, historically the worst month of the year for markets. Myriad prediction market users remain somewhat bullish, but the charts paint a less…
In brief Rex-Osprey’s DOJE ETF delivered substantial trading volume upon its debut Thursday. The issuer is now seeking approval for a leveraged ETF product that grants 1-1.5x leveraged exposure to DOJE. Beyond the leveraged long exposure, its objective is to send weekly distributions to holders. Rex-Osprey’s DOJE, the first U.S. spot Dogecoin ETF, produced strong…
