Crypto News
21Shares Applies for Dogecoin ETF Backed by House of Doge
The Dogecoin Foundation’s corporate arm plans to market the fund as it aims for wider adoption of the popular meme token.Source link
How the Hype for HyperLiquid’s Vault Evaporated on Concerns Over Centralization
Just two months ago, the total value of funds locked (TVL) on HyperLiquid, a decentralized derivatives exchange (DEX) that allows traders to generate returns by staking to a shared vault, sat at a record $540 million. Now, users are fleeing, TVL has slumped to $150 million and the yield has dropped to a measly 1%, in many cases, less than they'd get if they stashed their cash in a bank account.At issue is an exploit that saw one user manipulate the price of a token called JELLY and force the vault, known as Hyperliquidity Provider, into a loss. But the negative PNL wasn't the reason for the exodus. Rather it was HyperLiquid's response, which led to concerns about...
Trump’s Tariff Chaos Might Actually Be Good for Bitcoin, Says Grayscale
Despite the volatility, the current economic uncertainty may be a benefit for Bitcoin’s adoption, says Grayscale.Source link
Tokenized Treasury Growth Rockets 8.7% in 7 Days as Crypto Economy Stumbles
While digital currency markets have faltered, the tokenized real-world asset (RWA) ecosystem has flourished, eclipsing recent market turbulence with a 12.5% valuation climb over 30 days. Tokenized Treasury instruments, in particular, outpaced peers with an 8.7% leap across seven days. Tokenized Treasuries Hit $5.49B Tokenized Treasuries have jumped in growth over the past week, andSource link
Bitcoin Tumbles Below $80K Alongside 5% Plunge in Nasdaq as China Tariff Tiff Escalates
After U.S. markets enjoyed a brief gasp of relief on Wednesday, charts got ugly again on Thursday as focus shifted to a potential bigger conflict between the U.S. and China.Bitcoin (BTC), which rose more than 8% the day prior, dipped about 4% below $80,000 again on Thursday. The decline in bitcoin came alongside a renewed plunge in the Nasdaq, which was lower by 5.5% following yesterday's 12% rally as traders are assessing U.S. President Donald Trump’s next steps in his tariff policy.Crypto stocks also took a hit. MicroStrategy (MSTR) was down 11.2%, and Coinbase (COIN) and Marathon Digital (MARA) fell 8.1% and 9.3%, respectively.Already sharply lower on the session, the stock sell-off escalated after a tweet circulated saying that a...