ETF
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?
The July outflows contrast with Grayscale’s view that Hyperliquid’s revenue and buybacks support a higher token valuation.
Sentiment: Neutral
Latest stories
ETF
Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall
Behind Wall Street’s $67 billion Bitcoin experiment lies a math problem that triggers at $39,900.
Macro
Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf
Three hawkish dissents, rising oil and weak market liquidity put Bitcoin’s $62,000 support on watch ahead of the September Fed meeting.
Digital Asset Treasuries
“There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying
Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin.
Digital Asset Treasuries
Hyperscale Data sits on $71 million in Bitcoin with a $56 million market cap – Here is why its not a bargain
Historical liabilities, preferred claims, restricted crypto and prospective dilution stand between the gross asset value and common holders.
ETF
Morgan Stanley is using $7.4 trillion in client assets and rock-bottom fees to hijack Wall Street’s crypto boom
MSSE captured more than a third of daily Ethereum ETF inflows, while both funds entered with fees below most staking rivals.
Mining
Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting
The Q2 split favored colocation, although management did not say conversion had become compulsory.
Digital Asset Treasuries
One Bitcoin treasury just hit 20,000 BTC, but rapid share dilution meant investors ended up owning less of it
The filing shows 79 more BTC, 430,000 more effective common shares and an unresolved funding link.
Analysis
New Cardano partnership promises to monetize your private data, but payouts likely start at just $1.25 a year
A German cooperative is using Cardano to make personal data sales and royalty payments independently auditable as the market heads toward $19 billion.
ETF
Schwab rebrands $232M crypto ETF with NLP buzzword without changing a single investment
STCE kept the same ticker, fee, objective and index while its largest holdings included miners and Trump Media.
Regulation
Federal court shields Kalshi and Polymarket from Minnesota’s felony crackdown days before deadline
KalshiEX and Polymarket US can keep serving Minnesota users while the merits and contract boundary remain unsettled.
Stablecoins
Circle is arming USDC with 1,000 IBM patents to secure its grip on global banking rails
USDC leads adjusted transaction volume, but Tether retains scale while OUSD targets Circle’s institutional economics.
