Crypto Drama Unfolds: Secret Deals & Bidding Wars Over Hyperliquid’s USDH!

Crypto Bidding War

Ah, stablecoins-those chameleons of the crypto realm! Hyperliquid’s proposal for the USDH stablecoin has ignited a ferocious bidding battle worthy of a Tolstoy novel, with dueling factions drawn from Ethena [ENA], Paxos, Sky [SKY] (once the noble Maker), Frax, and others. All clamoring to claim the crown of official partner.

Trio Filing Day: Grayscale Pushes BCH, LTC, and HBAR Towards NYSE Listings

In a somewhat formal S-3 SEC filing, Grayscale made it clear that their BCH fund would soon bear the snazzy new title “Grayscale Bitcoin Cash Trust ETF” when it makes its grand debut. It’s aiming to list on NYSE Arca under the symbol “BCHG,” with shares being issued in batches of 10,000. As of September 5, 2025, around 82.8655 BCH is needed for that 10,000-share basket. The trust will be tracking the Coindesk Bitcoin Cash Price Index (BCX) for its price, and while cash creations are the current method, in-kind activity might be on the horizon-if NYSE Arca feels like being agreeable.

Dogecoin Treasury Goes Corporate: Hitchhiker’s Guide to Making Crypto Vogons Jealous 🤖🦴

So, in the spirit of never letting a good meme get out of hand, House of Doge and Bitstamp by Robinhood-yes, it’s by Robinhood, as if it’s a Renaissance painting-are now managing the officially sanctioned Dogecoin stash of CleanCore Solutions. It’s all very complicated, which the market loves because it means everyone can pretend to understand Fibonacci retracement levels at cocktail parties.

Crypto Goes Bananas While AI Flexes Its Muscles 💸🤖

The CoinShares Bitcoin Mining ETF (WGMI) jumped 12% to an all-time high of $33.13 on Tuesday, spurred by Nebius Group’s $17.4 billion GPU romance with Microsoft. Crypto miners and AI stocks everywhere were suddenly dancing like nobody was watching.

Stellar (XLM) Poised for a Wild Ride: Will It Hit $1 or Crash and Burn? 🚀📉

As revealed by the ever-vigilant analyst Ali Martinez, the 12-hour chart now displays what appears to be a classic “head and shoulders” formation-cryptocurrency’s equivalent of Shakespearean tragedy. The left shoulder took shape back in February; the head, marked by a dramatic plunge in April, resembles the existential despair of Raskolnikov himself. And now, dear reader, the right shoulder is forming as we speak-or rather, as you read this very sentence. 😅