Crypto

21Shares has launched the first fund tracking dYdX's native token, offering investors exposure to DeFi derivatives protocol. Switzerland-based 21Shares, one of Europe’s largest issuers of crypto exchange-traded products, has launched the first fund tied to dYdX, a decentralized exchange (DEX) specializing in perpetual futures. According to an announcement shared with Cointelegraph, dYdX has processed over $1.4 trillion in cumulative trading volume and lists over 230 perpetual markets. The dYdX Treasury subDAO supports the physically backed product through a decentralized finance (DeFi) treasury manager, kpk. By positioning dYdX within a regulated exchange-traded product (ETP), 21Shares said it is creating an on-ramp for institutions. Read more

Avalanche (AVAX) breaks key resistance at $27, surging 16% in a week. Analysts project a rally toward $40–$42.

A Governador Island man was arrested for allegedly siphoning off-grid capacity to fuel a 24/7 illegal mining operation.

Total value locked on Kinetiq has jumped from roughly $458 million in July to over $2.1 billion today. Part of the increase can be attributed to a rise in the price of HYPE, and the other big driver has been raw deposits.

Joseph Chalom, co-CEO of SharpLink Gaming, told Decrypt that his company is educating traditional finance players about Ethereum.

From watchlists to trading loops, Google Gemini AI offers day traders new ways to cut through noise, manage risk and act on market catalysts with confidence. Gemini AI serves as a powerful tool for researching day trade strategies but cannot be used to execute trades directly. It summarizes fundamentals and compares assets to support daily trade decisions but still requires access to data sets. Gemini AI helps manage trading discipline by turning watchlists, catalysts and post-mortems into structured loops that prevent traders from chasing noise. Read more

Ripple’s native token continues to trade in a calm environment, with neither bulls nor bears showing decisive strength. The market is consolidating inside established structures, and order flow has not yet shifted strongly enough to break the deadlock. Technical Analysis By Shayan The Daily Chart On the daily timeframe, Ripple is holding above the $2.7–$2.8 […]

Ethereum is trading with muted volatility, as both buyers and sellers lack conviction. The asset remains trapped within established ranges, with participants awaiting a catalyst to determine the next directional move. Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum continues to respect its ascending channel, though the price has slipped slightly […]

Total crypto market capitalization has reclaimed the psychological $4 trillion level, and altcoins are leading the way.

Chinese regulators are reportedly preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong. Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities. According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating in Hong Kong may be forced to withdraw from cryptocurrency-related activities. The Hong Kong branches of several state-owned enterprises and Chinese banks are also expected not to participate in the race to obtain a Hong Kong stablecoin license. The news follows reports that HSBC and the Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, plan to apply for stablecoin licenses in Hong Kong. Hong Kong’s new stablecoin regulatory framework came into effect on Aug. 1 with a six-month transition period. Regulators said 77 institutions had expressed interest in applying. Re...

New BLS data shows 0.4% monthly inflation growth as investors tamper expectations for an aggressive interest rate easing next week.

Dollar stablecoins control crypto’s financial rails, but regulated euro, yen and yuan alternatives are emerging to challenge the USD’s onchain monopoly. Opinion by: Jamie Elkaleh, chief marketing officer at Bitget Wallet Stablecoins started as a workaround for crypto traders. By pegging tokens to the US dollar, they created liquidity in a market that never closed. In just a few years, however, they have outgrown that role. The result is an onchain financial layer where dollar-pegged coins set prices, collateral norms and risk appetite. The danger lies here: Without the growth of credible, well-regulated alternatives in the euro, yen and offshore yuan, the US dollar's dominance will be locked into crypto’s foundation for years.  Read more

The petition, made in July, reached more than half of the required signatures for a government response after Coinbase sent out a push notification to its users. A public petition calling on the United Kingdom to develop a pro-innovation strategy for blockchain and stablecoins has gained momentum following a push from crypto exchange Coinbase. The petition, hosted on the UK government’s website, calls for a comprehensive framework that includes stablecoin regulation, blockchain adoption and the appointment of a blockchain “czar.” Although launched in July, the initiative drew attention this week after Coinbase sent in-app messages encouraging users to sign. Screenshots shared by users on social media showed in-app messages from the exchange, rallying its users with phrases like “help UK lead stablecoin innovation now.” Read more

Andy Krainak was basically living at Gary Vaynerchuk’s apartment for the launch of VeeFriends, and says he never saw his boss more emotional. Its hard to ignore the impact Gary Vaynerchuk (aka Gary Vee) had on the NFT space in 2021-22. The founder and CEO of VaynerMedia and prolific content creator onboarded thousands of new people onchain with the launch of his project, VeeFriends.  For those outside of the Vaynerchuk ecosystem, VeeFriends was misunderstood when it launched and for many, still remains so today. It often sits outside the regular discourse on NFT Twitter and its extensive character base can make it seem complex to the causal NFT degen.  But despite this, four-plus years on, VeeFriends continues to expand its universe. While the brand and IP was born out of the blockchain, VeeFriends has crossed over into different worlds and niches most NFT collectors would not even be aware of. Read more

Andy Krainak was basically living at Gary Vaynerchuk’s apartment for the launch of VeeFriends, and says he never saw his boss more emotional. Its hard to ignore the impact Gary Vaynerchuk (aka Gary Vee) had on the NFT space in 2021-22. The founder and CEO of VaynerMedia and prolific content creator onboarded thousands of new people onchain with the launch of his project, VeeFriends.  For those outside of the Vaynerchuk ecosystem, VeeFriends was misunderstood when it launched and for many, still remains so today. It often sits outside the regular discourse on NFT Twitter and its extensive character base can make it seem complex to the causal NFT degen.  But despite this, four-plus years on, VeeFriends continues to expand its universe. While the brand and IP was born out of the blockchain, VeeFriends has crossed over into different worlds and niches most NFT collectors would not even be aware of. Read more

Bitcoin Cash (BCH) gained 3.8% and Hedera (HBAR) rose 2.7%, leading the index higher from Wednesday.

XRP trades in an ascending triangle above $2.97. Analysts see a breakout forming with the next target in line.

DigiFT, Chainlink and UBS won approval under Hong Kong’s Cyberport subsidiy scheme to build automated infrastructure for tokenized financial products.

Bitcoin’s inverse head-and-shoulders pattern signalled the continuation of the uptrend toward $360,000, driven by institutional demand via spot BTC ETFs. Key takeaways: A classic BTC price chart pattern puts $170,000-$360,000 in play this cycle. Spot Bitcoin ETFs post the biggest inflows in two months as institutional demand rebounds. Read more

The headline news is sending markets, bitcoin included, lower, but isn't likely to derail the Fed from trimming interest rates next week.