Grayscale undercuts Bitwise and 21Shares in Hyperliquid ETF race
Grayscale joins the HYPE ETF race as Bitcoin steadies near $66K, while Stripe and Revolut push stablecoins deeper into finance.
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Wall Street and crypto are no longer pretending to live in separate worlds.
Payment giants, fintechs, and asset managers are all racing toward the same finish line.
They want to make digital assets feel as normal as swiping a debit card.
Today's stories share a thread: familiar financial wrappers around unfamiliar technology.
Here's what's moving.
Grayscale launches the cheapest Hyperliquid ETF as rivals scramble for HYPE exposure
Grayscale's Hyperliquid Staking ETF began trading on Nasdaq Wednesday, undercutting every competitor on fees.
The fund gives investors regulated exposure to HYPE, the token powering crypto's leading decentralized perpetual futures exchange.
It also targets staking rewards, a first for this corner of the ETF market.
Markets
Bitcoin steadies after bruising selloff as jobs data offers a glimmer
Bitcoin stabilized Wednesday after a punishing drop from $81K to $66K over recent weeks.
ADP reported 122,000 new jobs in May, the strongest hiring in 16 months.
Markets are now eyeing Friday's nonfarm payrolls report for a real catalyst.
BTC hovered near $66K, ETH slipped below $1,850, SOL traded around $73, and XRP sat near $1.22.
Stripe, Visa, and Mastercard near launch of joint stablecoin platform
Three of the world's biggest payment networks are building a shared stablecoin platform together.
Coinbase is reportedly evaluating whether to join the initiative.
If this ships, stablecoins stop being a crypto experiment and become default payment infrastructure.
Revolut plans US bank with FDIC insured accounts and crypto trading
Revolut expects to launch a US bank next year with FDIC insured deposits and built-in crypto access.
The fintech giant plans to bundle high-yield accounts, stablecoins, stock trading, and multi-currency deposits under one roof.
Think of it as a traditional bank that treats digital assets like just another product on the shelf.
Tether and Fasset launch gold-backed Visa card with 6% cashback in tokenized gold
Tether partnered with Fasset to create the first Visa card backed by tokenized gold.
Cardholders can spend anywhere Visa is accepted and earn up to 6% cashback paid in XAUT.
For users in volatile economies, earning gold instead of depreciating local currency is a meaningful upgrade.
On Our Radar
AI's crypto news cycle: Machines writing about machines making money moves.*
Going public, digitally: Kraken lets crypto users trade tokenized US stock IPOs.
Gold goes digital: Tether's tokenized gold is now spendable through Visa cards.
*sponsored
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Until next time.
Estéfano
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