The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Wednesday! With a relatively calm crypto market currently in "wait-and-see" mode, analysts at K33 predict more tariff-driven volatility as we approach President Trump's "Liberation Day" next week.
In today's newsletter, Bitwise says Trump's Strategic Bitcoin Reserve removes its "last existential risk," Hyperliquid delists the JELLYJELLY memecoin following another whale manipulation fiasco, Celo developers finalize its Ethereum Layer 2 transition and more.
Meanwhile, Sarah Wynn takes a look at the clearer path to an XRP ETF after the SEC dropped its Ripple appeal in The Block's latest feature story.
Let's get started.
Bitwise CIO Matt Hougan said President Trump's U.S. Strategic Bitcoin Reserve removes the "last existential risk" to the asset.
Hyperliquid delisted the JELLYJELLY perpetual contract after suffering its second whale manipulation event in just two weeks, causing the community-owned HLP vault to take on substantial unrealized losses.
Celo has completed its transition from a standalone Layer 1 blockchain to become an Ethereum Layer 2 network.
Polymarket acknowledged a governance attack involving a UMA whale who allegedly manipulated its oracle by casting a significant number of votes to yield a betting market's resolution in their favor.
Circle's USDC stablecoin supply has reached a new all-time high, surpassing a market cap of $60 billion — a milestone underscoring its growing adoption while still trailing Tether's $144 billion USDT supply.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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