TRUMP SIGNALS PUSH TO BRING HYPERLIQUID ONSHORE
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President Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country. The move represents a significant shift toward bringing major offshore cryptocurrency infrastructure under domestic oversight.
■ MORE FROM THE CRYPTO DESK
Bitcoin surged above $80,000 this week, posting its biggest three-day gain since 2023 with a 20%+ jump. US spot bitcoin ETFs attracted $1.92 billion in net inflows last week, signaling renewed institutional interest.
Fasset, a digital bank offering stablecoin-powered services across Asia and emerging markets, raised $68 million at a $1 billion valuation. The funding round was led by Japan's SBI Group, following a $51 million raise in May.
Global central banks are developing digital currencies to counter the rise of USD stablecoins and protect monetary sovereignty, yet face significant challenges in generating user demand for the new systems.
Tether's plans to build two bitcoin mining sites in Uruguay have fallen apart following a dispute with state utility UTE over power supply, according to sources and documents reviewed by Reuters.