ETH & the State of Crypto - Interview w/ David Hoffman + Today's Crypto News

Crypto majors are slightly green with HYPE leading; BTC +0.3% at $73.5k; ETH +1% at $2,010; SOL +2% at $82; HYPE +9% at $62.15. XLM (+20%), DEXE (+13%), and INJ (+13%) led top movers. Oil -4% at $87; Gold +1% at $4,570. Stock futures are slightly green with the Nasdaq up 0.1%. The CEO of ICE (NYSE parent) called Hyperliquid “bigger than Nasdaq” and talked about how their institutional clients are watching price action on Hyperliquid on weekends. FalconX confidentially filed an S-1 with the SEC Thursday and hired bankers for a US IPO, making it oAne of the few crypto firms still pushing forward while Grayscale, Kraken, Ledger, and ConsenSys have all delayed listings; FalconX is a prime brokerage for institutional crypto traders, processing $1.5T+ in lifetime volume; the firm raised at a $4B valuation in 2022 and has been profitable since 2024. Meanwhile, Grayscale paused its IPO preparations Thursday and is unlikely to restart before Q4 at the earliest. Tether’s Argentine peso-pegged stablecoin USAT saw circulating supply surge more than 500% over a short window, reflecting accelerating adoption of dollar-alternative stablecoins in Argentina’s high-inflation economy. Powered by https://myriad.markets/markets