Bitwise's HYPE ETF (BHYP) now has options trading on the NYSE, creating a regulated link between US equity markets and the 24/7 Hyperliquid crypto exchange. This connects ETF shares, US options, HYPE spot/perpetual futures, and Hyperliquid's on-chain economy, allowing for new risk management and trading strategies.
Crypto payments platform Pyra is shutting down, citing the Drift exploit. Users have until September 15, 2026, to withdraw assets or export private keys via a web portal. The platform will also facilitate future Drift recovery token distribution.
Fairshake, a crypto industry super PAC, spent over $12 million to help Barry Moore win an Alabama Senate Republican runoff. This win highlights the industry's success in primaries to secure pro-crypto lawmakers, yet their key legislative goal, the CLARITY Act, remains stalled in the Senate.
Elon Musk's net worth has exceeded Bitcoin's market cap, reaching $1.32 trillion as SpaceX shares surge post-IPO. This highlights a shift in speculative capital towards public companies like SpaceX, while the crypto market cools.
A new Polymarket user, 'fishalive,' turned $400,000 into nearly $9 million by betting against Spain in their 0-0 draw with Cape Verde, highlighting the risks and potential rewards of prediction markets.
A new Polymarket user, 'fishalive', turned $400,000 into nearly $9 million by betting against Spain in their 0-0 draw with Cape Verde. The bet capitalized on the draw risk inherent in soccer matches, a strategy that also cost other large bettors millions.
Strategy's (formerly MicroStrategy) STRC preferred stock is trading at its weakest level this year, impacting its ability to raise capital for Bitcoin purchases. The stock's decline tests investor interest in Bitcoin-linked income products amid Bitcoin's pullback and competition from rival offerings.
Bitcoin dropped near $64,900 as Brent crude fell below $80 following a US-Iran peace framework. The market's focus shifts from oil shocks to liquidity, rates, and risk appetite, with the Fed's stance and ETF flows now critical for BTC's recovery.
Wall Street is valuing AI-leased megawatts significantly higher than those used for Bitcoin mining, with companies holding AI contracts trading at over 10x gross energy output compared to 2-6x for miners with no contracted capacity. This premium is being assigned before the capacity is fully built, creating a substantial funding gap.
Prediction markets are seeing increased institutional adoption for hedging risks like tariffs, with trading volume doubling. However, issues with liquidity depth and dispute resolution, particularly concerning token-weighted votes and contract wording, pose significant challenges for large-scale adoption.
Prediction markets are seeing increased institutional interest for corporate hedging, offering direct bets on events like tariffs or regulatory changes. However, challenges with liquidity depth and dispute resolution mechanisms, particularly concerning token-weighted voting, pose significant risks for large-scale adoption.
Iran and US negotiations on nuclear issues and sanctions relief are set to begin following a memorandum of understanding. This framework has already impacted oil prices, with Brent crude and WTI falling, and has created a complex outlook for Bitcoin, whose future performance is now closely linked to the negotiation's outcome over the next 60 days.
Solstice launched its SLX token after achieving $500M TVL, prioritizing product-market fit over token-first models. The company emphasizes sustainable yield generation, risk management, and building infrastructure for institutional adoption, aiming to differentiate from past "extractive tokenomics" and cyclical market behavior.
Botanix Labs is winding down its Bitcoin Layer 2 project, Botanix, citing insufficient demand for Bitcoin-native DeFi. Despite a year of 100% uptime and millions of transactions, the project failed to attract enough users, highlighting a distribution challenge for native Bitcoin rails.
SpaceX's post-IPO trading, under ticker SPCX, resembles a crypto asset due to its extremely small public float. The stock's rally is fueled by limited supply and high demand, amplified by leveraged crypto derivatives and a new AI acquisition, but faces skepticism over its $3 trillion valuation.
Standard Chartered forecasts a $100 price target for Uniswap's UNI token by 2030, driven by the projected growth of tokenized assets and their potential integration into DeFi venues for liquidity. The bank's thesis hinges on open protocols capturing a significant share of this burgeoning market, though hybrid models and controlled access remain key considerations.
BlackRock's iShares Bitcoin Premium Income ETF (BITA) is now live, offering investors a new way to gain Bitcoin exposure. The ETF combines spot Bitcoin holdings with a covered-call strategy to generate monthly income, trading off potential upside for income generation.
The XRP Ledger (XRPL) attracted $1.9 billion in tokenized real-world asset capital over three months, surpassing Ethereum and Solana. While Ethereum still leads in total tokenized asset value, XRPL shows aggressive new capital inflow, driven by institutional commitments.
Bitcoin's recent rally is linked to a US-Iran framework agreement and the Bank of Japan's upcoming policy meeting. A potential BOJ rate hike and its impact on the yen carry trade could significantly influence BTC's price, alongside ETF demand.
BlackRock's BITA ETF and Metaplanet's Siiibo acquisition signal a growing trend of Wall Street and Japanese firms creating income-generating products tied to Bitcoin, utilizing options premiums and credit structures to offer yield on an asset that doesn't natively pay holders.
Strategy (formerly MicroStrategy) added $100M in Bitcoin, increasing its holdings to 846,842 BTC. This move reignited debate over whether the company is creating or destroying value for common shareholders, as Bitcoin per share metrics declined despite increased holdings.
A new bill in Congress aims to establish a Federal Cryptocurrency Theft Task Force within the Justice Department, months after the disbandment of the National Cryptocurrency Enforcement Team (NCET). The proposal seeks to improve coordination for investigating and prosecuting crypto theft while keeping market regulation separate.
SpaceX shares rose sharply post-IPO, driven by Elon Musk's projection of $1 trillion annual revenue by 2030. The company raised $75 billion in its record IPO, with retail investors playing a key role. Crypto markets also saw increased activity in SpaceX-linked derivatives.
Tether reportedly froze $72 million in USDT on Tron after a wallet received 120.2 million USDT and began routing funds, with a portion of the outflow reportedly used to buy Monero (XMR), pushing its price up. The freeze highlights the limited time stablecoin issuers have before funds are moved into less traceable assets or venues.
