Industry Opinion - The industry views tokenized gold as reliant on third-party trust for redemption, questioning its true on-chain nature [1] - The industry suggests the inherent trust issues may hinder the long-term success of "gold coins" or similar tokenized assets [1]

Spot Bitcoin ETF Flows - U S spot Bitcoin ETFs recorded a total net outflow of $101 million [1] - BlackRock's IBIT saw a net inflow of $73 63 million [1] Spot Ethereum ETF Flows - Spot Ethereum ETFs had a total net outflow of $18 77 million [1] - BlackRock's ETHA was the only fund to post inflows, totaling $111 million for the day [1]

Hyperliquid Labs is hiring 2 backend and 1 frontend engineer for its Singapore-based 11-member team, focused on high-performance financial systems. Candidates should have Rust (backend) skills, system design experience, and a strong record in complex system development or competitions like IOI. On-site in Singapore, with relocation support.https://t.co/EqIfeujq5A ...

Legal & Regulatory - A U S class-action lawsuit accuses Meteora founder Benjamin Chow of leading meme coin scams [1] - The lawsuit alleges Melania Trump and Argentine President Javier Milei were used as promotional fronts [1] - Chow allegedly coordinated at least 15 pump-and-dump tokens [1] - A judge has unfrozen $576 million USDC tied to the case [1] Cryptocurrency & Meme Coins - The meme coins involved are named "MELANIA" and "LIBRA" [1] - Kelsier Ventures and the Davis family are also implicated in the alleged scheme [1]

Market Entry - T Rowe Price, a traditional asset manager founded in 1937, has filed for an actively managed cryptocurrency ETF, marking its direct entry into the crypto market [1] - T Rowe Price entered the ETF space in 2020 [1] Asset Management - T Rowe Price oversees approximately $18 trillion (18,000 billion) in assets [1]

Product Launch - Coinbase launched "Payments MCP" to enable LLMs to perform wallet operations, fiat on-ramping, and stablecoin payments via natural language [1] - The tool, developed by Coinbase Developer Platform, supports local deployment and customization [1] Industry Impact - The initiative aligns with the x402 Foundation, backed by Coinbase and Cloudflare, to standardize AI-driven payments [1] - The goal is to bridge mainstream LLMs with the crypto economy [1]

Hyperliquid Strategies Inc. has filed an S-1 registration statement with the U.S. Securities and Exchange Commission to offer up to 160 million shares of common stock through a committed equity facility with Chardan Capital Markets, seeking to raise as much as $1 billion. The company plans to use the proceeds for general corporate purposes, including potential purchases of HYPE Tokens. https://t.co/ogvwsLVfoY ...

Valuation & Funding - Kalshi's valuation has potentially doubled in weeks, from $5 billion to over $10 billion [1] - Kalshi received venture capital funding offers valuing the company at over $10 billion [1] - Kalshi closed a $300 million funding round at a $5 billion valuation [1] - Kalshi raised $185 million at a $2 billion valuation in June [1]

Market Dynamics - DraftKings' acquisition of Railbird signals expansion into prediction markets [1] - Polymarket will act as the clearinghouse for DraftKings' prediction market [1] - This move expands Polymarket's B2B operations [1] - Kalshi has surpassed Polymarket in sports betting volume since September [1] - Both Kalshi and Polymarket have signed multi-year licensing agreements with the NHL [1]

Andreessen Horowitz (a16z) in its 2025 State of Crypto Report stated that annual stablecoin transaction volume reached $46 trillion (adjusted to $9 trillion), monthly active crypto wallet users ranged from 40 to 70 million, and blockchains are now processing over 3,400 transactions per second. The total crypto market capitalization has surpassed $4 trillion. a16z described the industry as moving from its “adolescence” into “adulthood.” https://t.co/BjQyTaLdiE ...