📢 Today’s Top Crypto Headlines: 💵 Hyperliquid Stablecoin Shakeup • Native Markets won validator vote (~70% support) to issue new stablecoin $USDH • Beat rivals: Paxos, Frax, Sky • Launch begins with limited mint/redeem + $USDC trading pair • $USDC currently = $6B deposits on @HyperliquidX → strong rivalry emerging. 🟣 Ethereum’s Record Activity • $ETH up from $1,400 (Apr) → near $5K (Aug) • U.S. spot ETFs hold 6.7M $ETH • Staking: 36.2M $ETH locked → investor confidence • On-chain metrics (tx volumes, addresses, contracts) at highs → ETH’s role in DeFi & tokenization reinforced. 🟠Bitcoin Outlook & Fed Rate Cut Bets • Traders expect -25bps cut Sept 18, plus easing over next year • Could support $BTC rallies, but high long-term yields from inflation & deficits may limit upside • History shows short-term boosts, followed by yield rebounds that weigh on BTC. 🏦 Capital Group Expands BTC Exposure • Investment giant grew $BTC-related equity holdings $1B → $6B • Major stakes in...
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