Category: crypto

Ethereum co-founder Vitalik Buterin discusses the lack of interest-bearing mechanisms in prediction markets, making them unattractive to risk-averse traders. He suggests that addressing this issue could lead to increased use cases and adoption. Criticism of prediction markets’ structural flaws and potential benefits are also highlighted in the discussion.

Hyperliquid surpassed Robinhood in trading volume for the third consecutive month in July, with a 39.1% gap. DefiLlama data shows Hyperliquid traded $330.8 billion, while Robinhood processed $237.8 billion. Despite having minimal staff, Hyperliquid generates significant revenue, outperforming technology giants like Tether Limited. This dominance in trading volume highlights the competitiveness of decentralized finance protocols…

Following regulatory approval, crypto exchange-traded fund (ETF) issuers are expected to partner with centralized staking providers before transitioning to decentralized protocols as regulations mature. The SEC’s statement on liquid staking activities removed the final hurdle for staking-enabled ETFs. This move is predicted to attract institutional capital and reshape yield structures in the crypto market.

Blockchain analytics firm Bubblemaps released a report alleging that Hayden Davis coordinated a sniping operation on Kanye West’s YZY token, generating $12 million in profits. Davis, linked to previous controversies, received access to $57 million in frozen funds before YZY’s launch. The token’s market capitalization peaked at $3 billion before collapsing.

Aave reached an all-time high total value locked of $41.1 billion on Aug. 24, making it the 54th largest US commercial bank by deposits. The protocol controls 50% of the DeFi lending market and has surpassed multiple records. Institutional adoption is driving its expansion, with the AAVE token increasing in value.

Bitcoin is consolidating near current levels as capital flows shift towards Ethereum and other altcoins following Bitcoin’s all-time high. Bitcoin declined 4.5% before the Federal Reserve’s Jackson Hole symposium, while Ethereum surged to a new all-time high. Institutional support for Ethereum is growing, with some companies accumulating large amounts. Global liquidity conditions remain supportive, with…

The World Federation of Exchanges (WFE) is urging financial regulators to tighten oversight of tokenized stocks, warning of hidden risks and potential damage to market integrity. These products replicate stocks without offering the same protections, confusing investors. The WFE recommends expanding securities laws to prevent such outcomes. Tokenized equities are gaining momentum, with platforms like…

Canary Capital has proposed a new Canary American-Made Crypto ETF to the SEC, focusing on digital assets with strong US ties. The fund aims to mirror the Made-in-America Blockchain Index’s performance while generating income through network validation processes. Grayscale Investments also plans to convert its Avalanche Fund into a publicly traded trust.

BitMine, an Ethereum-focused firm, saw its shares become heavily traded in the US, with an average daily volume of $2.8 billion. This surge coincides with the company’s pivot towards Ethereum, leading to a 1,000% stock increase. BitMine now holds 1.71 million ETH, making it the largest Ethereum holder globally.

Digital asset investment products saw a significant withdrawal of $1.43 billion last week, the largest in months. CoinShares reported intensified trading activity, with ETPs generating $38 billion in volume. Bitcoin and Ethereum were the most affected, with Ethereum showing stronger positioning for the month. Geographic flows showed diverging investor behavior.