Cryptonews

According to our trusty friend Lookonchain (who really needs no introduction), these acquisitions were executed via three separate transfers from Galaxy Digital’s OTC desk. How delightfully discreet! It’s almost as if they don’t want us peasants to notice. Spoiler alert: WE NOTICE. Especially since this comes hot on the heels of their jaw-dropping $358 million single-day binge-a move so audacious it could only be described as… well, very Noël Coward-esque. 😉🎭

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

In a recent post on X (formerly Twitter), van Eck waxed lyrical about Hyperliquid’s virtues: its “innovative product,” “robust technology,” “decentralized governance,” and-wait for it-“carefully planned rollout strategy.” If one didn’t know better, they’d think he was describing a fine wine or perhaps an avant-garde art installation rather than lines of code running on Ethereum. 🍷🖼️

Yet here lies the conundrum: which shadowed corners of the crypto forest conceal true treasure, and which are mere mirages shimmering on the horizon? For every altcoin born of genuine fire and purpose, a hundred more dance as fugazi phantasms, enticing the eyes, eluding the grasp.

This new partnership is really just an extension of the growing crypto obsession BBVA seems to have going on, because let’s face it, bitcoin and ether are basically the new “golden children” of the financial world. And guess what? It’s all happening under the EU’s MiCA regulation – because nothing says “trustworthy” like a regulatory framework that sounds like something out of a sci-fi novel. 🚀

SEA tokenomics will be unveiled in early October, just in time for the token generation extravaganza.

Now, here’s where it gets spicy. Some analysts are whispering (okay, shouting) that crypto might just be the unexpected prom queen at this financial dance. Once the cash starts flowing out of these so-called “safe” instruments, Bitcoin and its chaotic friends could get an invite to the party. 🎉 Or not. Who knows with crypto-it’s like that one friend who either brings tequila or burns the house down.

U.S. money market funds are sitting on a mountain of cash-over $7 trillion, to be exact. Some analysts, probably sipping their third coffee of the morning, reckon this cash could soon flood into assets like bitcoin and altcoins, sending them skyrocketing. 🚀

In a twist more convoluted than a court farce, Polymarket has finally secured the royal nod from the CFTC to return to U.S. shores, ending a three-year hiatus that began with a 2022 settlement over unregistered derivatives. The magic trick? Acquiring QCEX (QCX LLC and QC Clearing LLC), a CFTC-licensed market and clearinghouse, which the CFTC recently blessed with a wink and a nod.

On Monday, they dropped the news like a hot potato-CoinShares is set to list on Nasdaq, a move that’s supposed to be a big deal for U.S. investors, now that the rules have finally caught up with the digital age. 📈