Exchanges
Derivatives
US rule rewrite looms for $200B on-chain venue Hyperliquid as Trump signals onshore approval
The CFTC is exploring a legal path for Hyperliquid as Trump pushes to bring the $200 billion-a-month on-chain venue into the US.
Interview
SEC’s latest crypto rules only open a few of Wall Street’s ‘million doors’ – Bitwise CIO Matt Hougan
Bitwise CIO Matt Hougan says Wall Street’s crypto adoption now depends on fixing old trading rules and fragmented market infrastructure.
Market
Sudden 22% XRP rally triggers forced market wide short-buying, driving XRP toward a make-or-break resistance test
XRP’s 22% rally puts $2.2 million in shorts at risk as price pushes toward $1.38 and the $1.40–$1.50 resistance zone.
Exchanges
Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses
DEXs captured a record 19.5% of crypto spot volume in July, pushing onchain liquidity closer to the center of price discovery.
Digital Asset Treasuries
Trump wants the US to become a Bitcoin whale, but Congress controls the wallet
The White House can expand how crypto enters federal custody, but a multibillion-dollar buying program still needs lawmakers to unlock funding or purchase authority.
Tokenization
Can tokenized assets continue to scale faster than the revenue models behind them?
Securitize’s $4.3 billion tokenized assets base and $5.3 billion of activity are still producing little recurring transaction revenue.
Market
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin jumped from $64,000 to nearly $70,000 after Treasury expanded long-bond buybacks and $1.4 billion in shorts were liquidated.
Analysis
How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq
Bitcoin’s relative performance has improved across shorter horizons as crypto begins competing again for speculative capital.
ETF
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Q2 filings show banks expanding Bitcoin ETF positions, macro funds cutting exposure and sovereign holders staying put.
Regulation
SEC opens door to day-one crypto insider sales that Senate draft would block
The regulator imposes offering caps but no federal time-based lockup, while senators want some insiders held for 12 months before network decentralization.
Lending
Half of Aave’s debt sits in just 9% of positions built around one Ethereum correlation trade
Just 9% of Aave positions carry roughly half its debt, with the concentrated cohort running near 90% LTV against Ethereum-linked collateral.
Macro
Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind
Bitcoin faces the highest 30-year Treasury yield since 2007 after crypto-collateralized lending fell by $22.5 billion from its 2025 peak.
