The DeFi Investor

This is not the first time Circle has let hackers get away with user funds, btw. When Drift was hacked for $295 million back in April, Circle had several hours to freeze these funds. But they chose to do nothing. They simply don't give a fuck. https://t.co/5uOMnoD0nP https://t.co/9uo4AIB8pd

Bad look for Circle. The Bitget hacker stole $350M today, and a part of these funds was in USDC. Circle had the possibility to freeze these funds as USDC is centralized, but it chose to do nothing. That says a lot about how much Circle cares about saving user funds. https://t.co/ZGnGvzERcZ

The latest developments for DeFi👇 Variational announced it will airdrop 32% of its total token supply Ondo partnered with BlackRock to bring BlackRock’s investment strategies on-chain Jumper introduced its own token JUMP Kinetiq has launched the testnet for Elysium, the first Hyperliquid L2 Coinbase started offering fixed-rate loans powered by Morpho Near partnered with Ondo to enable trading RWAs confidentially Hyperliquid enabled borrowing stablecoins against HYPE and BTC collateral Aave Labs proposed expanding Aave V4 to Base Binance announced it will list HYPE for spot trading Trueo is migrating its prediction market platform to Ethereum Galaxy Digital added $100M of Sky’s sUSDS to its treasury and acquired SKY XO Market released XO 2.0 - a permissionless prediction market platform Neutrl opened user fund redemptions with a 49% haircut World launched World Money, a new stablecoin super app I hope you found this recap helpful!

Only 9 days left till Hyperliquid's revenue sharing deal with Circle fully kicks in. This new revenue stream is going to add approximately $533,000 in additional daily buying pressure for $HYPE. Very exciting times ahead. https://t.co/P61cDi1XRe

$ZEC is up another 40% in the last week. The strength that this coin continues to show is unlike anything I've seen for a large cap in a long time. It's long your longs season. https://t.co/vZnpPHgJ7R https://t.co/AbU2oAeP3W

The search traffic for "how to buy crypto" is still at annual lows. I find it interesting that $BTC is already up 44% from its lows and retail hasn't even noticed yet. We are going so much fucking higher. https://t.co/5Ixv082K9O

Mantle has put together a strong stack for tokenized stocks. • xStocks issues the tokenized assets • Fluxion provides the on-chain liquidity • Atomic RFQ brings TradFi-level liquidity • Bybit provides the distribution The most interesting part is how Mantle combines on-chain and off-chain liquidity to offer the best possible user experience. When the stock market is open, you can trade tokenized stocks via Atomic RFQ with zero slippage by accessing TradFi-level liquidity. When the market is closed, that liquidity source is no longer available. But @Fluxion_network AMM provides a secondary market where tokenized stocks can still be traded even outside traditional market hours. So instead of relying only on one model, @xStocksFi Mantle uses TradFi liquidity when it's available and on-chain AMM liquidity when it isn't. In this way, Mantle offers 24/7 access to tokenized stock trading. Mantle is essentially model-agnostic, as its goal is to enable users to trade and use tokenized stocks in as many ways as possible. There's also an incentive to use tokenized stocks on it right now: xStocks is currently distributing airdrop points to those who simply hold, trade, or LP its tokenized stocks on Mantle. On top of that, Fluxion has launched a points program for those trading tokenized stocks on Mantle as well. So by using tokenized stocks on Mantle, you can also farm two potential airdrops.

It feels so good to be back. $BTC is looking great here: • broke above the 50W moving average • it's well above the 200W & 200D EMAs • just hit its first higher high for this cycle I think the next few months will be amazing for bulls. https://t.co/6hCkHDAQoA

The most impressive thing this cycle is how fast certain altcoins hit new ATHs. $BTC is 33% below all-time high, while $HYPE, $LIT, $VVV, $BP, and several others are already back at ATH. Solid altcoins are slowly starting to decouple from BTC.

Crypto Watchlist for the week ahead: $AAVE - Aave tokenomics 3.0 will be announced soon, per Aave founder $AVAX - Avalanche's Helicon network upgrade will go live on Sept. 22 $BP - Backpack is about to release "the most important product launch of the year" according to Kyle Samani Jumper - Jumper will make a big announcement next week $CAKE - PancakeSwap’s Pre-Access Portal, which will allow getting tokenized exposure to private companies, is expected to open in the next few days $BAL - Voting for Balancer's proposal to shut down and distribute its treasury assets to BAL holders is set for Sept. 25–29 $FRAX - Frax Finance teased an announcement related to frxUSD for next week $INJ - Injective's Meridian Mainnet Upgrade, enabling institutional-grade RWA Issuance, will go live on Sept. 24 I hope you found this helpful🫡