Category: crypto

WisdomTree has launched a tokenized investment vehicle called the Private Credit and Alternative Income Digital Fund (CRDT) on Ethereum and Stellar blockchains. The fund mirrors the Gapstow Private Credit and Alternative Income Index, providing access to private credit for individual investors. The move aims to increase transparency and accessibility in the private credit market.

Tether has introduced a new stablecoin product for the US market called USAT, with Bo Hines as the CEO-designate. USAT is compliant with US law and will be issued through Anchorage Digital, managed by Cantor Fitzgerald. Tether aims to address criticisms about its operations’ transparency and create a regulated framework for digital dollars.

Decentralized derivatives exchange Hyperliquid has surpassed traditional finance giants in volume and net income, with an annualized net income of $1.24 billion compared to Nasdaq’s $1.12 billion. Its 11-person team generates approximately $113 million per employee, outperforming Nasdaq’s net income-to-employee ratio. Hyperliquid also outperformed Robinhood in trading volume for four consecutive months.

Circle is potentially launching its USD Coin (USDC) on Hyperliquid’s Layer 1 chain, HyperEVM. Test transactions have been flagged, and Circle recently purchased $5 million worth of Hyperliquid’s HYPE token. This move comes as Hyperliquid prepares to introduce its own stablecoin, USDH, posing a challenge to Circle’s dominance in the ecosystem.

Gemini had a successful debut on Wall Street, with its stock price surging over 50% on the first day of trading on the Nasdaq. The company raised $425 million by selling 15.2 million shares, exceeding its initial price range. This reflects growing investor demand for digital asset exposure.

Fidelity and Canary are progressing towards launching altcoin-focused ETFs in the US, with the DTCC adding their products to its platform. This does not mean regulatory approval, but signals preparation for a potential market debut. The SEC has postponed rulings on altcoin ETF filings, with decisions expected in October.

CryptoQuant’s weekly report highlights Ethereum’s uptrend from $1,400 to $5,000, driven by fund allocations and whale accumulation. Ethereum trades below $5,200 with record fund holdings and on-chain use. Staking has increased to 36.2 million ETH. On-chain activity, including DeFi and smart-contract calls, has peaked. Exchange deposits have decreased, easing spot market pressure. The report focuses…

An unidentified crypto investor lost over $3 million in a phishing attack by authorizing a malicious contract. The attacker swapped stablecoins for Ethereum and used Tornado Cash to obscure the stolen funds. The breach originated from a compromised multi-signature wallet, with the attacker mimicking the intended recipient’s address. Exploits like this highlight the need for…

US-listed Bitcoin ETFs have seen a sharp increase in inflows this month, attracting nearly $2 billion after a tough August. Data shows 12 ETF products received inflows in September, contrasting with outflows in August. This trend suggests a shift in sentiment from Ethereum to Bitcoin, with ETFs playing a significant role in Bitcoin’s price trajectory.

World Liberty Financial’s community is overwhelmingly supporting a new governance measure to strengthen the value of its native token, WLFI. The proposal aims to use fees collected from protocol-owned liquidity to repurchase and destroy tokens. The vote has received more than 99% support, mostly from whale holders, but the market has not responded positively.