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…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors green, SOL leads again; BTC at $112,700 Tom Lee 30x’s Moonshot bet on OCTO (WLD +75%) HYPE hits a new…
In brief Ant Digital linked $8.4B in Chinese energy assets to AntChain, tracking 15M renewable devices. It raised 300M yuan ($42M) for three clean energy projects via tokenized assets, Bloomberg reported. Adoption is expected to remain institutional, with offshore listings hinging on regulatory approval, Decrypt was told. Jack Ma-backed Ant Group’s enterprise arm has reportedly…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors mostly green, SOL leads; BTC at $112,000 Forward Industries announces $1.65B SOL DAT led by Galaxy, Multicoin & Jump BMNR…
In brief Bitcoin’s Google search volume has plummeted to an 11-month low amid a sideways trend. Gold is up 38% since the start of 2025 compared to Bitcoin’s 18%. Experts see potential for capital rotation from gold to Bitcoin if favorable macroeconomic conditions persist. Bitcoin’s U.S. Google search volume has dropped to an 11-month low…
In brief Hong Kong-based Hashkey Group has announced plans for a fund bridging tradfi and crypto. The DAT fund will target over $500 million in its first phase with a focus on Bitcoin and Ethereum projects. The structure is designed as a perpetual vehicle allowing regular subscriptions and redemptions. HashKey Group, a Hong Kong-based digital…
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 Wall Street will advance privacy on Ethereum, according to Danny Ryan. Etherealize is building infrastructure for trading and settling tokenized equities. The company plans on leveraging zero-knowledge proofs. Privacy advocates should be cheering on Wall Street’s adoption of cryptocurrencies, according to Etherealize co-founder and President Danny Ryan.As markets move on-chain, financial institutions are…
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 SharpLink Gaming will explore staking part of its Ethereum holdings to the Linea network once it hits mainnet, as the firm looks to expand its yield-bearing opportunities. Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, but this is…
