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Hyperliquid is preparing a governance-driven launch of its native stablecoin, USDH, in its next network upgrade, according to a Sept. 5 update on the DEX Discord channel.
The protocol described USDH as a “Hyperliquid-first and compliant” dollar-pegged asset, but unlike conventional launches, it is opening the process to competition among development teams.
According to the protocol, interested...
Bitcoin rose above $113,000 on Friday as U.S. payrolls increased by 22,000 and the unemployment rate ticked up to 4.3 percent, pushing traders to price a September Federal Reserve rate cut with near certainty.
Per the Bureau of Labor Statistics release, private employers added 38,000 jobs, government payrolls fell by 16,000 and manufacturing lost 12,000.
Average hourly earnings rose 0.3 percent...
Prominent voices in the crypto sector are questioning the US Securities and Exchange Commission (SEC) after its Office of the Inspector General (OIG) disclosed that nearly a year of text messages from former Chair Gary Gensler had been permanently deleted.
On Sept. 3, the OIG disclosed that Gensler’s SEC-issued smartphone stopped syncing with the agency’s device management system on July 6, 2023...
Rex Shares is preparing to bring a new wave of unconventional exchange-traded funds (ETFs) to US markets.
On Sept. 3, the asset manager filed a prospectus with the Securities and Exchange Commission (SEC) for the REX-Osprey Dogecoin ETF, which will trade under the ticker DOJE.
The filing also references similar products linked to XRP, Solana (SOL), Ethereum (ETH), Bitcoin (BTC), BONK, and TRUMP...
Bitcoin (BTC) trades within a consolidation range between $104,000 and $116,000, with on-chain data revealing critical levels that could determine the next directional move.
According to a Sept. 4 report by Glassnode, Bitcoin entered a volatile downtrend following its mid-August all-time high, declining to $108,000 before rebounding toward current levels.
The UTXO Realized Price Distribution...
Grayscale has introduced a new exchange-traded fund that aims to turn Ethereum’s price swings into regular income for investors.
The product, called the Grayscale Ethereum Covered Call ETF (ETCO), launched on Sept. 4 and distributes dividends every two weeks. The firm said ETCO uses a covered call strategy instead of holding ETH directly.
The firm stated that the fund tracks existing Ethereum...
An independent investigation commissioned by Input Output found no evidence to support accusations of fraud or misconduct in Cardano’s decade-old ADA Voucher Program, according to a forensic report released on.
The review, conducted jointly by law firm McDermott Will...
SWIFT’s Chief Innovation Officer, Tom Zschach, has raised doubts about whether Ripple’s technology and the XRP token can meet the standards global banks demand for cross-border settlement.
His remarks, posted on LinkedIn, sparked renewed debate within the XRP community, which has long positioned Ripple as a challenger to SWIFT’s dominance.
Zschach said some observers view XRP as a natural bridge...
The European Central Bank said that its proposed digital euro would strengthen Europe’s defenses against cyber and infrastructure disruptions while ensuring broad access to digital payments.
Piero Cipollone, a member of the ECB’s Executive Board, told the European Parliament’s Economic and Monetary Affairs Committee that resilience and inclusiveness must be central features as the bloc prepares...
Bloomberg ETF analyst James Seyffart argues the current market represents an altcoin season through digital asset treasury companies rather than traditional token price rallies, with upcoming ETF approvals unlikely to replicate Bitcoin’s institutional success.
During a Sept. 4 interview with Milk Road, Seyffart said digital asset treasury companies (DATCO) have generated massive returns while...