Author: Kryptonews

Asset manager Bitwise has filed to launch an exchange-traded fund that holds and tracks the token tied to the crypto perpetual futures protocol and blockchain Hyperliquid. The company is bidding to launch the Bitwise Hyperliquid ETF, according to a regulatory filing on Thursday. It would directly hold Hyperliquid (HYPE), a token that gives discounts on its decentralized exchange (DEX) and is used to pay fees on its blockchain.The filing doesn’t yet identify the exchange on which the product would trade, the ticker under which it would trade, or the fees Bitwise will charge.Bitwise’s filing comes as competition between perpetual futures DEXs…

Citigroup revised its stablecoin market forecast upward to $1.9 trillion by 2030, but warned that institutional adoption remains at just 0.5 on a scale of 0 to 10, according to a report published on Sept. 25.The banking giant raised its base case projection from $1.6 trillion in its April 2025 forecast, citing accelerated momentum from regulatory clarity and increased integration of the payment network. The bull case scenario now reaches $4 trillion, up from $3.7 trillion.David Cunningham, head of strategy and partnerships for digital assets at Citi Services, stated:“Stablecoin issuance volume is up 40% this year as executive orders, the…

Altcoin season continues to rotate into assets with liquidity and identifiable catalysts. Traders are not chasing every name in the market, but instead are clustering around tokens tied to privacy, payments, and exchange access. This rotation has lifted Zcash, XRP, and Avantis, each for distinct reasons tied to both long-standing narratives and new events.The past week shows that altseason does not require broad rallies. It often takes shape through focused participation in tokens where turnover and narrative meet. Zcash has advanced on renewed interest in privacy networks. XRP continues to benefit from sentiment in payments and legal developments. Avantis has…

TACEO and Aztec Foundation are teaming up to create a Private Shared State, an encrypted environment that supports updates, multi-computation and auditing under one private decentralized roof. Summary TACEO and Aztec Foundation are partnering to bring Private Shared State into Ethereum. PSS differs from existing MPC solutions by allowing shared, persistent private states on-chain, with a focus on developer usability through TACEO’s coNoir toolkit. TACEO claims its system is built with post-quantum security in mind, using information-theoretically secure protocols and exploring hash-based proof systems. TACEO, the company behind Worldcoin’s encrypted iris-scanning network and the largest known multiparty computation database, has…

Crypto trading firm Keyrock says onchain asset management is having a breakout year.In a new report, the firm estimated that assets under management (AUM) have surged 118% in 2025 to $35 billion, driven by growth across automated yield vaults, discretionary strategies, structured products and credit.Keyrock predicts that the sector could nearly double again by 2026, reaching $64 billion under a base case scenario, or as much as $85 billion if this year’s growth momentum continues.Discretionary strategies were the standout in 2025, up 738% year-to-date, as onchain investing evolves into a credible alternative to traditional finance, the report said.Keyrock’s report highlighted…

Lisa Phillips, director of New York’s New Museum, will retire after more than 25 years in the post, the New York Times reported Thursday. The museum is currently undergoing a 62,000-square-foot expansion that had been expected to open this fall, though no inauguration date has been announced. It is the second major expansion Phillips, 71, has overseen since becoming director in 1999. Of her decision to step down, she told the Times, “It’s just the right time for me to step down.” Related Articles During her tenure, the New Museum mounted a wide range of surveys and retrospectives, including those…

Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings.Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield. The regular distributions would, however, trade away potential upside from investing in BlackRock’s spot Bitcoin ETF, which mirrors Bitcoin’s (BTC) price movements. “This is a covered call Bitcoin strategy in order to give BTC some yield. This will be a ’33 Act spot product, sequel to the $87b $IBIT.”Registering a trust filing in…

A “gm” tweet from Sam Bankman-Fried has sparked speculation of his crypto comeback, linking him to a new Solana-based perpetual futures DEX launched by a former FTX COO. The project is using a “tokenless” model that rewards users with points, drawing parallels to SBF’s past success with the “Solana playbook.” The Solana Playbook The SBF connection gained momentum after he broke months of silence with a simple “gm” post from his official X handle, which quickly went viral. The timing also overlapped with a rally in the ASTER token, drawing parallels with SBF’s infamous early bet on Solana in his…

The stablecoin market is expanding faster than expected, with issuance volumes rising from about $200 billion at the start of 2025 to $280 billion as of Thursday, according to a report by Citi.The bank has lifted its 2030 forecast for stablecoin issuance to $1.9 trillion in its base case and $4 trillion in a bull case, up from $1.6 trillion and $3.7 trillion respectively.If stablecoins circulate at a velocity comparable to fiat currencies, they could support up to $100 trillion in annual transactions by 2030 under the base scenario and double that in the bull case. Citi argued this growth…

KuCoin is appealing a Canadian enforcement action in which the exchange was accused of failing to register as a money-services business and failing to maintain proper defenses against money laundering, a case that led to a penalty of more than $19 million ($14 million U.S.).That unusually large penalty from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was imposed after finding that Seychelles-based Peken Global Limited, operating as KuCoin, didn’t report large crypto transactions and didn’t flag suspicious transactions that may have involved money laundering or terrorist financing, the agency said on Thursday.The regulator said KuCoin didn’t report…