USDH stablecoin is a Paxos-proposed, fully compliant stablecoin built for Hyperliquid; it routes 95% of reserve yield to buy back HYPE tokens, aiming to align incentives, attract institutions via HyperEVM/HyperCore
Summary BITQ ETF offers indirect exposure to the crypto sector via companies deeply tied to the ecosystem, not direct crypto or derivatives ownership. The ETF’s construction focuses on 'pure-play' crypto firms and large-cap companies with significant crypto initiatives, balancing sector sensitivity and risk. Current macro indicators show a mixed but not unfavorable liquidity environment, while the digital asset factor regime strongly favors upward momentum. Given these conditions, I recommend a tactical buy approach—accumulating BITQ on pullbacks during this sustained UpBeta trend regime. Introduction In today's article, we will analyze the Bitwise Crypto Industry Innovators ETF ( BITQ ) , managed by the famous cryptographic asset firm Bitwise. This vehicle is an ETF that seeks to replicate the behavior of the Bitwise Crypto Innovators 30 Index, an index of 30 companies linked to the crypto economy. It is important to start here, since the proposed vehicle, does not buy cryptocurrencies, but buys shares of companies whose business depends heavily on the crypto ecosystem (miners, exchanges, custodians, infrastructure providers, asset managers, and also some large companies with relevant crypto initiatives). This means that its performance is closely linked to the health of the sector, to activity in crypto-asset markets, and, by extension, to the prices of assets such as bitcoin or ether, but it does so through quoted shares, with the operation and regulation of a traditional ETF. The fund’s own documentation underlines that it does not invest directly in crypto or derivatives; the exposure is indirect via corporates (“Crypto Innovators”). With this, the reader will wonder how the index decides which companies enter and with what weight in it. The methodology used by the management team divides the universe into two levels. Tier 1 (at least 80% of the index) groups so-called “pure-play,” which are companies that earn more than 75% of their revenues from the crypto market (for example, miners or trading and custody platforms) or that have more than 75% of their assets in bitcoin or ether. Tier 2 (up to 20%) includes large companies (capitalization ≥ $10 billion) with a significant and public initiative in the field of crypto – by business or by holding crypto-assets. In each quarterly review, the index selects the top 20 in Tier 1 and the top 10 in Tier 2. The weight of Tier 1 is set at 85% of the index and Tier 2 at 15%; within Tier 1 it is weighted by free float adjusted capitalization, and Tier 2 is weighted equally. That construction has practical consequences for the investor. On the one hand, it provides “clean” exposure to the heart of the ecosystem—the sector’s so-called “picks & shovels”—and avoids excessive dilutions toward generalist technologists. On the other hand, it introduces different sensitivities within the same ETF: miners depend on variables such as the price of bitcoin, the difficulty of mining, and the electric cost; exchanges/custodians live off activity (volume and new highs), in addition to prices; and companies that hold BTC/ETH on their balance sheets move largely with those assets. In recent data, the fund's own prospectus breaks down a relevant weight into segments such as Mining and Trading & Custody, illustrating those operating levers within the portfolio. Like any equities ETF, its NAV rises or falls depending on the shares it owns. In a bullish environment, the crypto industry usually benefits in three ways: better miners’ margins (high BTC price versus costs), higher commission income and new lines of business in exchanges/custodians when volume rises, and direct balance sheet appreciation with BTC/ETH in treasury holding companies. In contrast, in downturns or with regulatory repression, volumes fall, margins are compressed, and on-balance-sheet crypto holdings subtract. To this must be added the equity risk (dilutions, capital issues to finance mining capex, technological and cyclical risks, etc.). Analysis - Macro Fundamental In this section, we will analyze some macroeconomic indicators in detail to try to offer the reader an accurate perspective and a sound recommendation on the vehicle in question. For this analysis, the first metric we analyzed is the Node Analytica indicator called Liquidity Scanner. This metric summarizes, in terms of quarterly change, whether the US dollar financial system is injecting or withdrawing liquidity, and breaks it down into four broad channels: (1) Fed bank reserves (when they rise, it is usually gasoline for risky assets), (2) issuance of Treasury bills (“bills”) and (3) commercial paper (which tends to absorb cash from the money market), and (4) repo operations linked to stress episodes or technical adjustments. Visually, positive tranches indicate net supply and negative net drainage. For an ETF like the one discussed here, which does not buy crypto directly but rather companies whose business depends on the ecosystem’s pulse, this “water level” is crucial. Higher USD liquidity typically translates into a better risk appetite, more generous multiples, and more activity (volume) across platforms and custodians. Conversely, if liquidity were to contract, it would imply multiple compression, more expensive funding for capex-intensive miners, and often volume drops that weigh on commission income. Today, the graph suggests a more volatile and mixed regime than the big boost of 2020–2021. We can see tranches of supply associated with increases in reserves or episodes of repo, but also tranches of absorption when the Treasury pulls short issuance and the money market takes a large part of those dollars. This indicator could be used as a regime filter. When the indicator chains positive readings and accelerates (rising reserves and lower absorption per bills), beta crypto tends to expand, and the ETF tends to benefit via mining margins and brokerage fees. Node Analytica Second, we delve into a more specific metric of the digital asset sector, which is the analysis of factors of the same. This indicator shows us what factor is commanding right now in Bitcoin and, by extension, what kind of exposure tends to work best. When the purple block (“UpBeta”) dominates, the market is rewarding the upward directional beta, which means clean impulses, stretches where you buy risk and let the trend run. For an ETF like the one analyzed here, which brings together miners and intermediation platforms, that regime is especially favorable, because they are companies with operating leverage to the crypto cycle. If the price rises steadily, miners’ margin improves and exchange activity picks up, and both tend to widen the advance against an equivalent move by BTC itself. By contrast, when the frame shifts to Mean Reversion (turquoise) or there are flashes of breakout intermittently, the message is another: more noise, more comings and goings, and more risk of a high-beta ETF like BITQ “over-reacting” in short corrections. Today, the chart shows us a long stretch with UpBeta as the winning factor, chained since late spring and with few interruptions, while the price of BTC is trading at the top of the range of recent months. The investor’s reading is clear in this regard. The trend environment is still active, and as long as it remains, BITQ tends to perform well for the mix of cyclic miners and volume-linked businesses. In other words, this metric is not meant to guess the future, but to describe the regime you're sailing in, which, combined with the Liquidity Scanner in the first section, can help you distinguish when the tide is ticking (positive liquidity + UpBeta) and when it's prudent to deleverage or demand clearer confirmations. Node Analytica Conclusion As a conclusion and to finish this analysis, my recommendation right now is to buy tactically (staggered tickets and in reversals). The Factor Framework marks a sustained UpBeta regime, that is, the market is rewarding the upward trend, and that usually amplifies the profitability of our ETF for the operating leverage of miners and the rebound of activity in exchanges. At the same time, the Liquidity Scanner does not show as broad a tailwind as 2020–21, but neither does it show persistent drainage, rather a mixed pattern that allows for stretches of risk when it coincides with a favorable narrative. Thank you for reading.
A U.S. Senate draft bill proposes a joint SEC-CFTC crypto committee to create unified crypto oversight, protect DeFi developers, and clarify airdrops and DePINs, streamlining digital-asset classification and rule-making to
The WLFI launch this week was troubled by confusion and controversy, as retail investors, once again, bear the brunt of what many allege to be insider manipulation. WLFI froze Tron founder Justin Sun’s wallets after unusual transactions raised concerns of insider selling. Sun is pressing the project to unfreeze his allocated tokens. World Liberty Financial Drama Continues On launch day, the community allocation, initially expected to be 5%, only saw 4% of tokens actually go live, as not everyone utilized the designated lockbox. WeRate co-founder Quinten Francois explained that liquidity and marketing, initially reported as 1.6%, actually accounted for 2.8% of the supply. This brought the circulating supply effectively to 6.8%. Meanwhile, other allocations, such as the 10% ecosystem fund and 7.8% reserved for Alt5 Sigma, weren’t truly circulating. In fact, Francois said that they were simply unlocked but not subject to vesting schedules, which created an illusion of available supply that complicated price dynamics. Adding to the complexity, Justin Sun held 3% of WLFI’s total supply. Only 20% of his stake was technically unlocked at launch. He publicly promised not to sell, saying that he supported World Liberty Financial’s long-term goal. The token debuted at $0.20, with a $1 billion market cap, while trading volumes spiked into the billions, generating intense hype. Despite this, WLFI’s price steadily declined, and the on-chain price action appeared suspiciously mechanical rather than driven by genuine community selling. Francois suggested a likely scenario behind the volatility. Exchanges may have offloaded part of the 2.8% liquidity allocation, while Sun allegedly leveraged his connections with HTX, offering users 20% APY to deposit WLFI. This setup would allow him to quietly sell his personal holdings while making it seem as if tokens were being staked by users, and even backfill user withdrawals with his own stack if necessary. Reports indicate Sun moved early $9 million worth of WLFI tokens through HTX and Binance from his addresses, activity tracked by Nansen, Bubblemaps, and Arkham Intelligence. Ultimately, WLFI froze Sun’s wallet using the guardianSetBlacklistStatus function, following these suspicious transfers. The freeze fueled speculation that Sun used user deposits to liquidate his holdings, turning retail investors into exit liquidity. Sun’s Public Appeal A community member praised WLFI’s governance vote that froze Sun’s address, saying it at least temporarily blocks him from repeating prior patterns of alleged pumping and dumping tokens on retail investors. Meanwhile, Sun has publicly appealed to the World Liberty Financial team to restore access. He described the freezing of his tokens as “unreasonable” and stressed that, like other early investors, he “deserves the same rights.” In a bid to calm nerves and regain investor confidence, Sun also went into damage control mode and tweeted that he sees US-listed crypto stocks as “an undervalued opportunity.” He further pledged to personally buy another $10 million of WLFI. The post WLFI Hype, Suspicious Moves, and Sun’s Public Appeals: The Gift That Keeps on Giving appeared first on CryptoPotato .
Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem, with most of its yield funneled into HYPE token buybacks.
With this move, El Salvador follows in the footsteps of other nations like China, Turkey, and India, which have been significant buyers of gold to diversify their foreign reserves. The Central Bank of El Salvador now holds 58,105 troy ounces of gold, valued at nearly $207.4 million. El Salvador Joins the Gold Rush With 13,999
Two indicators are the most important when considering an early-stage token in the crypto world: evidence of demand and room to grow. Mutuum Finance (MUTM) , a decentralized lending protocol that is currently in presale is demonstrating both. MUTM is already one of the most discussed under-one-dollar DeFi projects with over 16,100 holders already involved and experts estimating it will produce 30x returns. Proof of Demand The most obvious manifestation of traction is in the numbers. Mutuum Finance has gradually increased in price since its earlier presale in early 2025 at only $0.01 per token, undergoing 6 stages to get to its present value of $0.035. The presale has accumulated over $15.4 million so far, which indicates that retail buyers and whale investors have a strong appetite. The newest inflows are six-figure buys by larger players, which is good news to the smaller investors who tend to use whales as a gauge of conviction. In the meantime, the next Phase 7 price increase of $0.04, almost 20% points higher than today, explains the rush to enter before prices rise further. History has shown that the largest multiples can be delivered by tokens priced less than 1 with real utility. Ripple (XRP), Aave (AAVE), and Solana (SOL) all began small and grew to household names. XRP provided 100x to early adopters, Aave shot to more than $600 in the 2021 DeFi boom and Solana soared to a few dollars and over $250 at its peak. However, what made them generate such disproportionate returns was not price, but time and adoption. First-movers knew that the tokens were resolving very real issues in blockchain infrastructure, and the affordability and demand created ideal circumstances to blow up. MUTM is now being positioned in a similar way. With a launch price set at just $0.06, it carries both affordability and an adoption-ready roadmap that could place it on the same growth trajectory as previous cycle leaders. Why MUTM Fits This Pattern Mutuum Finance is developing capabilities that will be adopted over the long-term. It is a dual lending market structure that integrates Peer-to-Contract (P2C) pools, where users lend out assets and receive interest in the form of mtTokens, and Peer-to-Peer (P2P) lending, where borrowers are able to negotiate stable or variable rates. Such flexibility makes it more attractive to conservative and risk-takers. The other driver of adoption is its beta platform that will be launched alongside the listing of the token. This would imply that lending and borrowing will occur on day one, which is not a common feat in presale projects that normally take months to become operational. To go a notch higher, the Layer-2 integration is in the pipeline, which promises cheap-fast transactions and also makes the protocol scalable to mass adoption. This combined with the fact that MUTM has an advantage as a protocol that is prepared to compete in the current environment of DeFi, rather than a few years later. Built for Longevity In addition to short-term characteristics, MUTM is designed with the concept of sustainability. One of the biggest achievements will be the release of its overcollateralized stablecoin, with a mint-and-burn system like the established players but directly embedded in the protocol. Such a stablecoin will be a source of trustable liquidity, a vital part of a lending ecosystem. Another support layer is the buy-and-distribute model. Part of the protocol fees will be spent to buy MUTM on the open market and redistribute it to the community. This generates the continuity of purchasing pressure, and the price of the token is directly linked to the activity of the platform. Meanwhile, mtTokens (like mtUSDT) allow depositors to earn interest automatically and stake for additional rewards, creating multiple income streams for users and encouraging long-term participation. Security Layer Security has been and will always be the most significant aspect of DeFi, and Mutuum Finance has gone a long way to establish trust. The project has already passed a CertiK audit receiving a score of 95/100 one of the highest scores that a new protocol can receive. To cap it all, there has been the introduction of a $50,000 bug bounty program to motivate white-hat hackers to test the system to the limit and expose vulnerabilities before full implementation. Additional security measures that protect the platform include risk controls like overcollateralization, liquidation, and integrating oracles through Chainlink and fallback systems. Such precautions are taken to ensure that Mutuum Finance is ready to face the technical and market risks as it expands its adoption. Investment Case Study The possible upward potential is better understood in terms of percentage gains in stages. At the present price of $0.035, investors who make an entry will experience close to 100% growth at the time of launch, which is at 0.06. Phase 1 early investors at 0.01 are already sitting on returns of approximately 300% and have an option of enrolling 500-600% at launch. However the real multiples, says analysts, start after listing. Existing investors would make almost 1000% with short-time goals of about $0.4. On the long-term forecasts of $1.5-$2.00 in 2026, it would imply over 4,000% increase in the current levels. The explosive crypto growth formula has never been difficult: mix evidence of demand with actual utility, and long-term prospects. Ripple demonstrated it through 100x returns, Solana through its rocket-ship growth and Aave through its DeFi supremacy. Similar early signs are present now at Mutuum Finance (MUTM). Having more than 16,100 holders already invested, having raised over $15.4M, audited security and a roadmap that brings utility on day one, experts believe it has the ingredients to become a 30x token. To the ones seeking the next breakout under $1, the argument in favor of MUTM is gaining more and more weight each day. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance
COINOTAG, on September 7, citing data from strategicethreserve, highlighted material shifts in institutional Ethereum holdings across several treasury entities during the past 30 days. Leading the list is Bitmine Immersion
Bitcoin price stalls at $110,500 with reduced volatility. Investors cautious amid ETF withdrawals and market uncertainties. Continue Reading: Crypto Prices Stall as Market Awaits Fed’s Next Move The post Crypto Prices Stall as Market Awaits Fed’s Next Move appeared first on COINTURK NEWS .
Solana treasury interest is rising as institutional demand could lift SOL price; a Solana-only fund and bids from major crypto firms increase bullish long-term outlook, but short-term technicals leave room