Latest from Cheyenne Ligon
A part of FTX survived, and it’s the case for the CLARITY Act
When FTX collapsed, the parts of it bound by law survived. Mainstream finance is now converging with digital assets, and the law built to protect it the same way is the one the Senate did not pass this week, argues Bullish's Randi Abernethy.
JPMorgan says Hyperliquid ETF inflows have stalled as competition mounts
After leading crypto ETF inflows in May and June, demand for Hyperliquid funds stalled in July and August as competition intensified, the bank said.
Free Markets and Innovation, Sort Of
The Journal’s editorial board rejects crypto competition and instead misinterprets Clarity, a pro-innovation, pro-competition, and pro-consumer bill, argues the Blockchain Association's Summer Mersinger.
Nomura’s Laser Digital backs ZIGChain for onchain private credit push in UAE
Laser’s investment in ZIGChain is understood to be in the single-digit millions.
Crypto may have institutionalized, but it still trades like a rumor mill
The more institutional crypto becomes, the more it prices on headlines. The edge now is reading the positioning data underneath, not reacting to the narrative on top.
Polymarket targets $20 billion valuation as competition heats up in prediction market sector
The blockchain-based prediction markets platform is reportedly returning to investors months after a $15 billion funding round.
Counting down the days: State of Crypto
The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.
Everyone has the perps convergence backwards
Crypto is said to be growing up to look like Wall Street. The evidence in its biggest market points the other way, argues Bitget CEO Gracy Chen.
The good and the bad of perps, according to crypto traders
Both retail and institutional traders worry about the funding rate.
RWA perps will outpace tokenization
Tokenization was crypto's first big export to TradFi. Perps are next, says Martin Lee, markets insight lead at DWF labs.
