Mega Matrix is betting big on Ethena, positioning itself as the first public proxy for the ecosystem as stablecoin regulation heats up. Public holding company Mega Matrix (MPU) has made the Ethena stablecoin ecosystem the centerpiece of its digital asset strategy, betting that the synthetic dollar project can capture market share from incumbents like Circle. The company’s push comes on the heels of the US GENIUS Act, a comprehensive stablecoin bill that establishes federal oversight of issuers, sets capital and liquidity requirements and creates a framework for banks and fintechs to issue dollar-pegged tokens under regulatory supervision. However, Circle is currently the only publicly traded option to capitalize on the enormous growth of stablecoins, Colin Butler, Mega Matrix’s executive vice president and global head of markets, told Cointelegraph. Read more
Bitcoin price action gets lively as US CPI data conforms to expectations, but traders are anything but unified on short-term price targets. Key points: Bitcoin nears three-week highs as US CPI data matches expectations. Plenty of market participants see Bitcoin heading higher as aresult, perhaps after a dip to trap late longs. Read more
Amid headlines of hacks and scams, the Clear Crypto Podcast uncovers the real data behind blockchain activity and the technologies building confidence in the industry’s future. Crypto often makes mainstream headlines for the wrong reasons, but beneath the surface lies a story of innovation, resilience and a community working to build a safer financial future. This week’s episode of the Clear Crypto Podcast, brought to you by StarkWare and Cointelegraph, takes a hard look at one of the most pressing, and misunderstood, issues in digital assets: crime in the crypto ecosystem. While mainstream headlines often associate blockchain with hacks, scams and fraud, the reality is more complex. Read more
21Shares has launched the first fund tracking dYdX's native token, offering investors exposure to DeFi derivatives protocol. Switzerland-based 21Shares, one of Europe’s largest issuers of crypto exchange-traded products, has launched the first fund tied to dYdX, a decentralized exchange (DEX) specializing in perpetual futures. According to an announcement shared with Cointelegraph, dYdX has processed over $1.4 trillion in cumulative trading volume and lists over 230 perpetual markets. The dYdX Treasury subDAO supports the physically backed product through a decentralized finance (DeFi) treasury manager, kpk. By positioning dYdX within a regulated exchange-traded product (ETP), 21Shares said it is creating an on-ramp for institutions. Read more
From watchlists to trading loops, Google Gemini AI offers day traders new ways to cut through noise, manage risk and act on market catalysts with confidence. Gemini AI serves as a powerful tool for researching day trade strategies but cannot be used to execute trades directly. It summarizes fundamentals and compares assets to support daily trade decisions but still requires access to data sets. Gemini AI helps manage trading discipline by turning watchlists, catalysts and post-mortems into structured loops that prevent traders from chasing noise. Read more