KOREAN EXCHANGE WALLETS ACCUMULATE $96.7M IN $PENGU
Three wallets linked to Korean exchanges Bithumb and Upbit have purchased 945 million $PENGU tokens worth ~$32 million in the past week.
2025.07.17
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10,212 matchesETHEREUM'S STRATEGIC ROLE IN FUTURE BANKING INFRASTRUCTURE
Future banks will issue stablecoins on the Ethereum L1 and stake ETH to secure the network.
2025.07.17
CRYPTO WEEK LEGISLATION HITS SNAG IN US CONGRESS
A procedural vote to advance three key crypto measures, including a stablecoin framework, a token classification bill, and a ban on a U.S. retail CBDC, was blocked by a coalition of conservative Republicans and Democrats, casting doubt on “Crypto Week” ambitions. Speaker Mike Johnson said he would continue negotiations and bring the package back for another vote soon. Shares of Circle and Coinbase fell over 4% and 1.5% respectively on the news before trimming losses.
2025.07.16
POLYMARKET INVESTIGATIONS END WITHOUT CHARGES
Both the DOJ and the CFTC have formally declined to bring charges against Polymarket after civil and criminal probes into alleged acceptance of US bets, despite a 2022 CFTC settlement and $1.4 million fine requiring the platform to block US users. The investigations – one criminal led by the Manhattan U.S. Attorney's Office and one civil by the CFTC – followed an April raid on CEO Shayne Coplan's apartment but concluded with declination notices this month. Polymarket's handling of over $3.6 billion in presidential-election wagers underscored regulators' initial focus on market scale and cross-border compliance.
2025.07.16
DAKOTA: POWERING THE FUTURE OF GLOBAL BANKING
Dakota is building the first globally accessible business financial account leveraging stablecoins, US Treasuries, and traditional rails. The platform lets companies in 100+ countries open accounts, execute SWIFT/SEPA/ACH/wire and stablecoin payments in minutes, issue smart corporate cards, and earn up to 4% yield on balances. Since its launch in 2024, over 500 businesses have processed billions in transactions.
2025.07.16
BITWISE ADDS PROOF OF RESERVES FOR $BITB AND $ETHW ETFS
Bitwise has launched daily third-party Proof of Reserves verification for its Bitcoin and Ethereum ETFs ($BITB and $ETHW). Each trading day, the auditor confirms onchain balances and reconciles them against outstanding ETF shares, replacing the old method of listing 90+ wallet addresses. Soon, Bitwise will introduce daily CPA-attested reports covering both assets and liabilities, effectively setting a new standard for onchain transparency in public crypto funds.
2025.07.16
HYPERLIQUID'S L1 BEGINS TO FIND ITS FOOTING
HyperEVM, Hyperliquid's EVM-compatible layer 1, has seen consistent growth in transaction volume, TVL (now 10th among L1s), and developer adoption since its February launch. The CoreWriter upgrade, enabling HyperEVM contracts to write directly to HyperCore's perpetuals and order books, is set to unlock integrated DeFi use cases and drive a surge in applications. Native HYPE gas burns and a dual-block, iterative rollout highlight a measured scaling approach that protects HyperCore's performance. With trading, lending, vaults, and staking poised to co-exist natively across both chains, HyperEVM is transitioning from a sidecar into a core pillar of Hyperliquid's unified financial stack.
2025.07.16
3 KEY BILLS THAT COULD RESHAPE US DIGITAL ASSET LAWS
Congress has declared July 14-18 as “Crypto Week” to fast-track landmark digital asset bills aimed at solidifying U.S. leadership in blockchain innovation. The GENIUS Act would establish the first federal stablecoin framework, mandating 1:1 dollar backing and monthly reserve disclosures to enable mainstream issuance by firms like Amazon or Walmart. The CLARITY Act draws clear lines between SEC and CFTC oversight based on token decentralization and usage, while offering fundraising safe harbors for early-stage projects. Meanwhile, the Anti-CBDC Act seeks to block a Federal Reserve retail digital dollar to preserve financial privacy, collectively signaling regulatory clarity, boosting institutional confidence, and protecting consumer freedoms.
2025.07.16
ETHEREUM'S ZK ROADMAP: SCALING L1 TO 10M TPS
Ethereum is pivoting to a zkEVM-based architecture that replaces transaction re-execution with real-time zero-knowledge proof verification, targeting 10,000 TPS on L1 and 10M TPS ecosystem-wide. This shift is powered by breakthroughs like Succinct's SP1 prover, a multi-horizon roadmap backed by the Ethereum Foundation, and innovations such as RISC-V Type 0 zkVMs and FOCIL for censorship resistance. The ultimate goal is decentralized validation on minimal hardware, unlocking on-chain abundance, and obsoleting optimistic rollups.
2025.07.16
ETHER.FI CASH HITS $14.85M IN SPEND, GROWS 150% IN JUNE
Ether.fi's Cash credit product has crossed $14.85M in total spend since launch, with June alone driving 40% of volume and 1,741 new cardholders. With 3,400+ active users and 400 businesses onboarding, the team is aiming for 40K-100K users by year-end, leveraging deep integration with its yield vaults. The 3% cashback, currently subsidized by Scroll, may be adjusted as interchange fees and vault-linked monetization scale, positioning Ether.fi as a crypto-native challenger to fintech giants like Revolut and Robinhood.
2025.07.16
WHY WE FINALLY LEFT COSMOS
After years of commitment to the Cosmos ecosystem, the Orbit Earn team has decided to leave, citing persistent challenges with liquidity, developer tooling, and user distribution.
2025.07.16
BITCOIN RALLY COOLS ON PROFIT TAKING AHEAD OF US INFLATION DATA
Bitcoin fell below $117,000 following a sharp rally to $122,800 as traders took profits and turned cautious ahead of the June U.S. CPI release.
2025.07.16
$TRUMP SET FOR LARGEST TOKEN UNLOCK YET
$TRUMP will unlock 40 million tokens (20% of its total supply) tomorrow, releasing $370 million worth of tokens into circulation.
2025.07.16
SHARPLINK BECOMES LARGEST PUBLIC ETH HOLDER
SharpLink has amassed 280,706 ETH (~$829 million), making it the largest Ethereum holder among publicly traded companies.
2025.07.16
NASDAQ-LISTED COMPANY TO LAUNCH HYPE TREASURY
Nasdaq-listed Sonnet BioTherapeutics has agreed to merge with Rorschach I LLC to become Hyperliquid Strategies, creating a public crypto treasury company that will hold 12.6 million HYPE tokens and $305 million in cash for a total value of $888 million. The transaction includes strategic investors Paradigm, Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital, addressing institutional demand for exposure to Hyperliquid. Sonnet shares surged 300% in pre-market trading following the announcement, mirroring the market's enthusiasm for HYPE treasury strategies after Lion Group's similar $600 million initiative in June.
2025.07.15
COINBASE HITS $100B MARKET CAP AS BTC BREAKS $122K ATH
Coinbase closed at an all-time high of $394.01 on Monday, pushing its market cap past $100 billion for the first time. The exchange's momentum is driven by bullish macro conditions, Circle's IPO, and its recent S&P 500 inclusion. Bernstein has labeled Coinbase the “Amazon of crypto financial services” with a $510 price target.
2025.07.15
OKX JOINS GLOBAL DOLLAR NETWORK, ADDS PAXOS' USDG STABLECOIN
OKX has joined the Global Dollar Network (GDN) and integrated USDG, a yield-sharing, fully backed stablecoin issued by Paxos, now live on Ethereum, Solana, and Ink. With $357M USDG in circulation, GDN incentivizes adoption by redistributing stablecoin revenues to ecosystem partners, setting it apart from USDC and USDT. OKX's 60M users can now access USDG with free 1:1 USD conversions, as regulatory clarity grows with the GENIUS Act advancing in the U.S. House.
2025.07.15
WHY FINTECHS ARE LAUNCHING THEIR OWN BLOCKCHAINS
Fintechs like Robinhood, Coinbase, Kraken, and possibly Stripe are exploring their own blockchains to unlock platform-level control, improve UX, and capture ecosystem value. By owning the chain, they can natively integrate third-party apps, monetize gas and MEV, and expand asset access without backend complexity. With modular infra from tools like Gelato and Conduit, launching a chain now requires less engineering, giving fintechs strategic leverage across revenue, distribution, and regulation.
2025.07.15
RISE OF DEFI AI AGENTS
AI Agents in DeFi are automated yield optimizers that outperform rule-based systems by making responsive allocation decisions across whitelisted vaults, with stablecoin-focused AI Agent TVL reaching $20M by June, primarily on Base. Giza's Arma Agents grew from $200k to $11.2M TVL with 33,000 agents processing $324M in volume, while Brahma and Fungi Agents reached $9.5M and $412k TVL, respectively. These execution agents rely on risk curators like Gauntlet, who design and manage vaults for risk-adjusted yield, addressing the increased smart contract risks that come with adding an autonomous agent layer to DeFi protocols.
2025.07.15
NOTES ON LIFE, CRYPTO, & MARKETS
A 3-month social media break revealed dopamine withdrawal after 6 years of posting, coinciding with crypto's identity crisis as it shifts from a standalone industry to enabling technology for AI, consumer, art, and finance. The author's current long positions include HYPE, BTC, HOOD, ETH, EUL, and PRIME, with particular focus on the AI x crypto intersection as the most compelling opportunity. Attention span has emerged as the biggest edge in creating life outcomes since most talented people can no longer focus for extended periods, while status signals are becoming diluted through Stanford dropouts and two-week tech employees claiming "ex-" status, creating an environment where incubators outnumber credible founders and people build social media distribution as a hedge against an uncertain AI-driven future.
2025.07.15
THE JACKPOT AGE
The "Jackpot Age" describes a dangerous cultural shift where people increasingly chase rare, massive wins despite negative long-term odds. This mindset, exemplified by SBF and Three Arrows Capital's linear wealth preferences that led to $10 billion losses each, has spread from venture capital to everyday culture through online gambling, 0DTE options, and memecoins as wage stagnation and AI-driven winner-take-all dynamics push people toward negative-sum jackpot hunting. The result is a system that maximizes aggregate growth while farming human potential, creating widening inequality and social unrest. Society needs new meaning systems beyond jackpot worship to offer dignity and purpose without self-destructive risk-taking.
2025.07.15
FROM STABLECOINS TO TOKENIZED U.S STOCKS
The "Dollar Doom Loop" – where Fed rate hikes strengthen the dollar, weaken emerging market currencies, and trigger capital flight – has driven massive stablecoin adoption in countries like Bolivia, Turkey, and Nigeria as residents seek dollar-denominated protection from local currency collapse. Tokenized US equities represent the next evolution, addressing stablecoins' limitation of zero returns by offering emerging market users access to dollar-linked, yield-generating assets through crypto rails, bypassing traditional brokerage barriers. Early adoption signals are evident in XStocks' $37.8 million trading volume and 1,500% address growth, with significant activity during Asia and Latin American hours, though risks remain around synthetic structures, trading hour mismatches, and potential volatility from increased retail participation.
2025.07.15
WHAT VISA'S HISTORY TEACHES US ABOUT CRYPTO'S FUTURE
Just as credit cards once seemed radical, today's crypto infrastructure could be tomorrow's financial default.
2025.07.15
AAVE HITS $50.7B IN DEPOSITS, SURPASSES MORE U.S. BANKS
With $50.67 billion in net deposits, Aave now ranks 46th among U.S. banks by size, successfully leapfrogging BOK Financial and FNB Corp.
2025.07.15
FED, FDIC, OCC CLARIFY RULES FOR BANKS HOLDING CRYPTO
U.S. banking regulators issued a joint statement clarifying that banks can offer crypto custody services, provided they manage risks like cybersecurity and key control.
2025.07.15
RABBY WALLET NOW SUPPORTS HYPERLIQUID ACCOUNT TRACKING
Rabby Wallet has added full portfolio tracking for Hyperliquid, enabling users to monitor staked assets, spot holdings, and leveraged perp positions in real-time.
2025.07.15
COINBASE SUES OREGON GOVERNOR OVER POLICY SHIFT
Coinbase has filed suit against Oregon Governor Tina Kotek, accusing her office of withholding records tied to a surprise state lawsuit that reclassified crypto as securities after previously stating otherwise. The exchange claims this abrupt policy shift was made behind closed doors, bypassing the legislative process, and unfairly targets only Oregon residents. Coinbase's lawsuit comes as federal lawmakers move toward formal crypto legislation, including the GENIUS and Clarity bills expected to reach President Trump's desk later this month.
2025.07.14
PUMP.FUN TOKEN SALE SELLS OUT IN 12 MINUTES, RAISING $448.5M
Pump.fun's ICO hit its $4B FDV cap instantly, with 10,260 buyers scooping up $448.5M worth of PUMP in just 12 minutes. Nearly 24,000 wallets KYC'd for the sale, highlighting massive demand for one of Solana's biggest token launches. Tokens will be distributed within 72 hours, initially non-transferable.
2025.07.14
REVOLUT TAPS MORPHO TO POWER DEFI YIELD FOR MILLIONS OF USERS
Revolut has selected Morpho as its DeFi backend, marking a major step toward bringing Ethereum-native yield products to its global user base. The British fintech, celebrating its 10th anniversary, will offer Morpho-powered crypto savings features as a modern alternative to traditional bank accounts. The move also hints at a broader trend of major fintechs bootstrapping through existing EVM deployments before launching their own L2 infrastructure.
2025.07.14
ZCASH 2.0 & PROJECT TACHYON
Bitcoin's pseudonymity has failed to provide true privacy, while centralized structures like ETFs enable wealth seizure, and transparent balances expose users to physical attacks, creating demand for genuinely private money. Zcash uses zero-knowledge technology with end-to-end encryption to achieve real privacy, but current ZK systems face severe scalability limitations from state contention and wallets needing to download all transactions. Project Tachyon, led by ZK engineer Sean Bowe, aims to solve these scalability issues within 12 months, potentially creating the world's first private money at planetary scale.
2025.07.14
STABLECOINS DRIVE 30% MOM GROWTH, ATTRACT 2X MORE CUSTOMERS
Stripe reports that stablecoin payments are growing 30% month-over-month and that customers who pay with stables are twice as likely to be net new. While existing customers may stick to cards, stables unlock demand from users who previously couldn't transact, particularly in regions with limited access to global banking. It's a win-win: merchants expand reach, and underserved users gain access.
2025.07.14
HOW TO BECOME A CRYPTO INTERN
Crypto "interns" are actually social media and community managers with skills in writing, psychology, content creation, and deep industry knowledge to succeed in these highly sought-after roles. Applicants should emphasize quality over quantity in job applications, build knowledge through specific books and active crypto participation, and simplify complex concepts for audiences. Key career growth strategies include taking ownership beyond your core role, becoming irreplaceable by filling critical gaps, solving problems proactively rather than just identifying them, and building trust through clear communication and reliable execution.
2025.07.14
BITCOIN VS. THE IMF
BitMEX lays out a powerful case for Bitcoin as an alternative to IMF-style financial dependency, tracing the Fund's history of coercive lending and contrasting it with Bitcoin's potential to restore national sovereignty. While the IMF continues to impose restrictive conditions—as seen in its 319 Bitcoin-obsessed mentions in El Salvador's 2025 loan reports—countries like Bhutan have sidestepped IMF reliance entirely by using surplus hydropower to mine 11,611 BTC, now worth 42% of its GDP. Bitcoin is not just a reserve asset, but a geopolitical tool that enables smaller nations to invest in infrastructure and avoid the “Jackals” of legacy finance. If adoption grows, Bhutan and other resource-rich nations could emerge as strategic winners in a post-IMF world.
2025.07.14
CONVERGENCE TRADE: THE PUMP TRADE YOU NEVER HEARD ABOUT
The $PUMP convergence trade exploited a 10% price spread between Binance and HyperLiquid perps by going long on Binance while shorting on HyperLiquid, capturing both the premium convergence and massive funding rate differentials. This delta-neutral strategy yielded 13-18% returns in just 2 days when prices converged at $0.0068, though it required careful margin management due to HyperLiquid's isolated margin requirements and potential premium expansion risks. The opportunity exists because both exchanges compete to be the primary quote venue for new assets with separate pre-markets that don't reference each other, creating inefficiencies that persist until spot trading enables easier arbitrage.
2025.07.14
COINBASE HIRES ALEXONCHAIN AS CRYPTO TWITTER LEAD
Coinbase has tapped pseudonymous Crypto Twitter figure AlexOnchain, formerly head of social at Binance, as its first-ever “Crypto Twitter lead”.
2025.07.14
TETHER TO SUNSET USDT ON FIVE LEGACY CHAINS
Tether will phase out USDT support on five underused blockchains (Algorand, Bitcoin Cash, EOS, Kusama, and Omni) starting September 1, freezing remaining tokens and ending redemptions.
2025.07.14
CRYPTO TREASURIES WILL REPEAT SPAC MISTAKES
SPACs were structurally designed to benefit sponsors, not investors.
2025.07.14
POTENTIAL POLYMARKET ICO?
An X post about a potential Polymarket ICO was liked by Polymarket CEO Shayne Coplan, hinting at its legitimate possibility.
2025.07.14
BITCOIN BREAKS RECORD, TOPPING $113,000
Bitcoin surged past $113,000 for the first time, breaking out of its months-long trading range with a 3.7% 24-hour gain. The rally has been fueled by robust ETF inflows, ongoing corporate adoption by crypto treasury firms, and an increasingly accommodating regulatory backdrop, with some analysts forecasting a climb to $140,000 by year-end. The broader market also enjoyed gains, as Ethereum rallied over 5% above $2,800 and the CoinDesk 20 Index rose 3.4%. Together, these moves underscore continued institutional demand and bullish momentum across digital assets.
2025.07.11
BIT MINING SHIFTS STRATEGY TO SOLANA, PLANS $300M TREASURY RAISE
NYSE-listed BIT Mining is pivoting from BTC to Solana, aiming to raise $200-$300M to build a long-term SOL treasury and become a publicly traded vehicle for Solana exposure. The firm will convert all existing crypto holdings into SOL, run validator nodes, and pursue deeper ecosystem involvement. This follows a broader trend of miners like Bit Digital and BitMine rotating into Ethereum.
2025.07.11
MULTIPLIER: THE PEOPLE'S MARKET MAKER
Multiplier transforms passive token speculation into active, game-driven liquidity by routing capital through onchain auction games that allocate buy pressure to curated tokens based on player outcomes. Token teams compete for exposure via stake-based slot auctions, while developers leverage SDKs to integrate custom gameplay on shared liquidity pools. This creates a self-reinforcing loop of narrative momentum, attention amplification, and sustained buy pressure that reactivates stalling tokens beyond their initial launches. Its modular, chain-agnostic architecture treats gamification as a core liquidity routing primitive rather than a surface-level incentive.
2025.07.11
ANT INTERNATIONAL PLANS TO ADD USDC AFTER REGULATORY GREEN LIGHT
Jack Ma-backed Ant International plans to integrate Circle's USDC into its AntChain network once the stablecoin clears U.S. regulatory requirements, enabling dollar-based settlement across its $1T+ cross-border payments platform. The move would give USDC access to one of the largest non-U.S. fintech ecosystems and position Ant to expand regulated crypto services globally via licenses in Hong Kong, Singapore, and Luxembourg. Circle, which recently went public, continues to scale USDC's footprint through partnerships and a U.S. bank license push.
2025.07.11
WHAT WOULD STRIPE L1 LOOK LIKE?
Rumors suggest Stripe may launch its own L1 network, building on its Bridge and Privy acquisitions to offer integrated stablecoin accounts and wallet infrastructure. In the base case, this would enable merchants to settle in USDC/USDB on Stripe L1 and provide customers with Web3 wallets and stablecoin payment options. The bull case imagines direct customer-merchant transfers bypassing card networks, micro-streaming subscriptions billed by the minute, and DeFi yields on held deposits. Such a move would recast Stripe from a payments service provider into a full-stack financial rails operator, marking a potential paradigm shift in global payment systems.
2025.07.11
CONTROL IS A SPECTRUM
Control exists on a spectrum defined by two axes: who holds control (from single-party multisigs to fully immutable DAOs) and what powers they have (from full upgradeability to mere pause functions). By mapping a protocol's position on these axes, founders can align their governance design with legal obligations based on who can do what. Tailoring control to non-negotiable business needs, like emergency pauses rather than unrestricted upgrades, balances operational benefits against regulatory risks. This analysis framework helps teams make intentional, legally informed decisions about decentralization and upgrade scope.
2025.07.11
BITCOIN'S PRICE TAKES AIM AT $200,000 BY YEAR END
Analysts from Bitwise, Bernstein, and Standard Chartered project Bitcoin to hit $200,000 by year-end, driven by pro-crypto executive actions and pending Genius and Clarity Acts that promise clearer digital-asset regulation. With stablecoins now a $255 billion market, onchain dollar liquidity is surging. Anticipated Federal Reserve rate cuts and over $15.7 billion of net inflows into spot Bitcoin ETFs underscore growing risk-asset demand. Meanwhile, more than 250 companies have added Bitcoin (and even altcoins) to their treasuries in “Strategy copycat” moves, a trend set to intensify institutional adoption into 2026.
2025.07.11
SPECULATION IS DEAD, LONG LIVE SPECULATION
Speculation has evolved from mindless casino bets to “intellectual speculation” played out in memecoins, zero-day options, perpetual futures, prediction markets, and collectible investing, all driven by hypermimetic communities copying sophisticated analysis frameworks. Empirical evidence exemplifies this trend – 0DTE options grew from 5% to 61% of S&P volume, Hyperliquid logged $1.57 trillion in annual perp trading, and collectible and memecoin markets saw triple-digit growth. Traders crave the illusion of skill and community validation, signaling intelligence even as they chase high-variance outcomes. Platforms that enable shared analytical narratives and mimetic network effects are outpacing traditional gambling firms, proving that modern speculation thrives under a “lab coat” of complexity.
2025.07.11
HOW GAUNTLET CURATES RISK-ADJUSTED YIELD
Gauntlet, a DeFi risk curator that recently achieved $1B in TVL, has shared guidelines on risk-adjusted returns.
2025.07.11
AERODROME: THE ECONOMIC ENGINE OF BASE
Aerodrome contributed $260 million to Base's Chain GDP – 44% of the total.
2025.07.11
PUMP.FUN TOKENTRADES AT A PREMIUM IN PRE-MARKET
Ahead of Pump.fun's July 12 ICO, three whales deposited over $10M USDC on Hyperliquid to short PUMP futures with low leverage (likely hedging their expected token allocations).
2025.07.11
AAVE OFFERS TOP YIELD AND BEST RISK-ADJUSTED RETURNS
With net APYs as high as 32% and support for high leverage, Aave V3 Core currently leads DeFi platforms in both yield and safety.
2025.07.11