HyperLiquid, the recently launched layer-1 blockchain and decentralized exchange, could outpace rivals in terms of fee generation in the next year, Syncracy Capital co-founder Ryan Watkins says. The DEX platform for perpetual futures has, in the past few days, attracted…
HyperLiquid, the recently launched layer-1 blockchain and decentralized exchange, could outpace rivals in terms of fee generation in the next year, Syncracy Capital co-founder Ryan Watkins says. The DEX platform for perpetual futures has, in the past few days, attracted attention amid speculation that hackers affiliated with North Korea-backed Lazarus Group were snooping for vulnerability. Hyperliquid Labs has since debunked the claims of potential vulnerability as linked to whale activity, which is said to be from North Korean hackers. But away from this, what does Ryan Watkins, the co-founder of venture capital firm Syncracy Capital and former senior research analyst at market intelligence platform Messari, say about Hyperliquid ( HYPE )? On Dec. 27, the Syncracy Capital co-founder took to X to express his bullish outlook for the DEX platform. According to Watkins , Hyperliquid could grow into one of the biggest blockchain projects by fee generation in the coming year. “Hyperliquid has strong potential to become the top blockchain by fees generated in 2025 in large part because it vertically integrates almost all the most profitable business in crypto’s history: exchange (spot + derivatives) + blockspace (HyperEVM).” You might also like: Here’s why HYPE fell 20% over the past day Observers say HYPE token’s potential to explode in the coming months is down to the industry’s adoption of the spot and derivatives offering as well as traction for the HyperEVM. In Watkins view, the missing component that would see Hyperliquid “complete the holy trinity” and potentially dominate is a stablecoin. “Stablecoin is harder to do in practice, but wouldn’t be surprised if it’s attempted. Terra in the past and Berachain + Ethena (soon) today are doing the same thing”. Ethena Labs recently launched USDtb , a stablecoin backed by Blackrock’s USD Institutional Digital Liquidity Fund. The initiative is in partnership with the tokenization platform Securitize. Per DeFiLlama data , Hyperliquid has recorded $5.16 million in seven-day fees and revenue. In comparison, Ethereum, Solana and Tron have generated more. The top protocols by fees across the ecosystem are on Ethereum, led by the stablecoin giant Tether. On Solana, DEX protocol Raydium, liquid staking platform Jito and meme launchpad Pump.fun lead in fees generation. You might also like: Frax Finance opens community voting until Jan. 1 to adopt BlackRock’s BUIDL for new stablecoin Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The National Institute of Standards and Technology (NIST) seeks public input on the proposed changes until June 25, 2025.
The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be required to report every dime made in crypto sales. The new rules fall under section 6045 of the Internal Revenue Code and are part of this big push to extend traditional tax regulations to the crypto industry. So brokers, as defined under these updated laws, will have to submit detailed reports on customer transactions. A crackdown on non-custodial players These rules don’t just target centralized exchanges like Binance and Coinbase. Oh no, the IRS has its sights set on DeFi’s golden promise: decentralization. Smart contracts, automated platforms, and even non-custodial wallets (tools that let users stay in control of their private keys) aren’t safe anymore. The IRS has made up a new phrase, “digital asset middlemen,” to call non-custodial operators who play a role in crypto transactions. So basically, if you’re helping someone sell or exchange digital assets — even if you never touch their funds — you’re now considered a broker. This includes hosted wallet providers, decentralized payment processors, and even operators of digital asset kiosks. Whatever that even is. The Infrastructure Investment and Jobs Act of 2021 kicked this off, editing section 6045 to expand the definition of “broker.” It also introduced reporting requirements for cryptos, putting them on par with traditional securities. While these changes officially took effect in January, the final rules for DeFi participants were delayed until now. Gross proceeds reporting: What it means for DeFi Also, under these regulations, brokers will have to report “gross proceeds” from crypto sales. This includes the total amount received by a seller, regardless of expenses like transaction fees. For DeFi platforms that operate through smart contracts, this means creating systems to track and report every transaction. Because y es, even in a trustless ecosystem, someone will have to do the IRS’s bidding. To enforce these rules, the IRS will use the same authority it applies to traditional brokers. Section 7805 of the tax code gives the Treasury Department the power to create regulations necessary for enforcing tax laws. And according to the IRS, tax compliance increases significantly when brokers are required to file information returns. Public pushback and industry concerns Of course, no one is happy about these changes. When the proposed rules were published in August, they brought in a flood of feedback. Over 44,000 comments poured in from industry leaders, crypto enthusiasts, and even average users worried about privacy and operational challenges. One of the biggest issues was the IRS’s definition of a broker. Many believe that applying these rules to non-custodial platforms is both impractical and overreaching. How can a smart contract report user data when it doesn’t even know who the user is? And what happens to the fundamental principles of DeFi—privacy, autonomy, and decentralization—if platforms are forced to comply with these regulations? Despite the pushback though, the IRS still pushed forward. A public hearing happened in November 2023, followed by months of review. The final regulations were published in July 2024, and they addressed some concerns but left others unresolved. But hey, we got a new administration coming in. At this point, anything done under President Joe Biden doesn’t even matter anymore. Because come January 20th, a self-proclaimed ‘crypto president’ will be taking over the White House. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The spot ether exchange-traded fund (ETF) launched by the world’s largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens. According to data from BlackRock’s website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA) fund now holds 1.065
Meme Index raises $500k in presale for its decentralized meme coin index trading platform. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Meme Index raises $500k in presale for its decentralized meme coin index trading platform. Table of Contents Meme Index: Offsetting the risk of concentrated investments The four meme coin baskets available on Meme Index Meme Index (MEMEX) , the first decentralized meme coin indices investing platform, has raised over $500k in its presale. The creators aim to simplify investing in meme coins while providing single-click diversification. Meme Index: Offsetting the risk of concentrated investments The meme coin sector reached a peak market capitalization of $137 billion in 2024, with thousands of meme coins on the market. Meme Index aims to simplify the experience of investing in meme coins by allowing market participants to buy diversified baskets of tokens grouped by volatility. Four baskets will be available, ranging from low to ultra-high volatility. Those with a bigger risk appetite would prefer ultra-high volatility, while more conservative investors would opt for the low-volatility basket. Grouping meme coins into indexes aims to offset the downside risk of concentrated investments in a singular asset. The four meme coin baskets available on Meme Index Meme Index will offer four indexes: the Titan Index, Moonshot Index, Midcap Index, and Meme Frenzy Index. As mentioned, volatility correlates to risk level. The Titan Index will include lower-volatility, higher-market-cap meme coins. It will consist of the top ten meme coins with a market cap over $1 billion (Dogecoin, Shiba Inu, etc.). The Moonshot Index will move further along the risk curve, comprising meme coins listed on (or soon to be listed on) centralized exchanges but with a market cap below $1 billion. Users seeking more volatility may opt for the Midcap Index, which will contain meme coins with a market cap between $50 million and $250 million. This basket has more room for growth but is more likely to experience significant crashes than the aforementioned two. And for maximum risk and maximum reward potential, Meme Frenzy Index will provide exposure to micro-to-low-cap meme coins. This approach of volatility-grouped meme baskets allows investors to choose their risk level and find the right fit for their portfolio. The MEMEX token will be required to access the platform and will also grant holders governance rights. Holders will be able to vote to adjust the assets in each basket to better suit evolving market conditions. MEMEX is currently undergoing a presale . Once it’s complete, the token will be listed on exchanges, and the team will begin initiating the governance organization and the Meme Index. The team also plans to expand platform utility based on governance proposals. These plans have drawn interest from industry analysts, such as Michael Wrubel, who provided positive coverage in a recent video on his YouTube channel. To learn more, visit the Meme Index website . Read more: Here’s why meme coins like Floki, SHIB, Fartcoin are crashing Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Amid varying market sentiments, analysts are eyeing a potential surge in Dogecoin (DOGE) prices, suggesting targets beyond $2 in 2025. Despite recent price fluctuations, long-term projections indicate a bullish sentiment
The prominent crypto exchange-traded fund (ETF) issuer has proposed a new product called the Bitcoin Standard Corporations ETF, which aims to invest in publicly traded companies that adhere to a “Bitcoin standard,” holding at least 1,000 BTC in their corporate treasuries. The ETF will focus on firms with a market capitalization of at least $100 million, daily trading liquidity of $1 million or more, and less than 10% of their stock privately held. Bitwise plans to update its index quarterly, using public corporate reports to adjust the fund’s holdings. Bitcoin Standard Corporations ETF According to the official filing , as opposed to traditional ETFs, which base stock weight on company market caps, Bitwise’s new fund will assign weight based on the market value of each company’s Bitcoin holdings, with a maximum weight of 25% per constituent to ensure balanced exposure. This initiative comes amid increasing interest in Bitcoin investment products, fueled by rising BTC prices – up 126% over the past year. Data reveals that at least 30 companies across the world currently meet these criteria. This includes prominent Bitcoin holders such as MicroStrategy, with over 444,000 BTC, and mining companies like Marathon Digital, Riot, Tesla, and Hut 8. These firms are primarily based in the US, Canada, and Asia, with Japan, Hong Kong, and Thailand also emerging as key players in Bitcoin adoption. The proposal comes amidst growing corporate adoption of Bitcoin as many companies seek to boost stock value by integrating Bitcoin into their treasuries. On that note, Bitwise CEO Hunter Horsley commented, “It feels like 2025 will be a big year for new corporates adopting the Bitcoin Standard.” Corporates Embracing Bitcoin The latest one to dip its toes is KULR Technology Group, which is listed on the New York Stock Exchange and has bought 217.18 Bitcoin for approximately $21 million, beginning its Bitcoin treasury with an average purchase price of $96,556.53 per BTC. This acquisition is the first step in a larger strategy to invest up to 90% of its surplus cash into Bitcoin through future purchases. Earlier this week, Matador Technologies approved a strategic move to diversify its corporate treasury by adding Bitcoin and USD-denominated assets in a bid to reduce risks associated with the Canadian dollar’s potential devaluation. The company plans to invest $4.5 million in Bitcoin by December 2024 and may continue acquisitions through measured programs. The post Bitwise Proposes New ETF to Invest in Firms Holding 1,000 BTC or More appeared first on CryptoPotato .
Fractal analysis suggests a DOGE rally above $0.35 will culminate with new all-time highs abovce $2.35.