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In a move that screams “we’re serious about this,” OpenTrade closed a $17 million funding round led by Mercury Fund and Notion Capital, with a16z Crypto, AlbionVC, and CMCC Global throwing in their two stablecoins. This brings their total funding to over $30 million, which is roughly the amount I’d need to stop eating ramen.

The fund is a tokenized private liquidity product enabling 24/7 on-chain cash management. 

Busan’s ambitions may create new jobs and stimulate local economic growth, which is corporate-speak for “we’ll hire more people who know how to count and pretend to be excited about spreadsheets.” The planned introduction of crypto-linked derivatives could increase accessibility to virtual assets for individual investors, effectively letting the average person dabble in digital coins without needing a degree in interpretive dance or a passport to the moon.

Stakes begin at a single dollar, a pittance for the thrill of watching one’s fortune evaporate or multiply in the blink of an eye. This, as prediction markets swell like a bloated corpse, with Polymarket and Kalshi boasting a combined notional trading volume of $24 billion in April. The entire market, a monstrous $29 billion, according to Dune’s data-a sum that would make even the devil blush.

The director of this relentless parade, with only a meagre fifty basis points-that is, a dirt‑shaven fraction of a cent per dollar of a trade-draws a starker map toward the abyss. The entire handsome army of 8.6 million E*Trade disciples shall be exposed to this new frontier in the noonday heat sometime later this calendar year.

Verdict: FALSE Claims that Coinbase sold H-1B visas while whittlin’ US jobs are as sound as a hollow drum. Visas, mind you, are issued by the government and cannot be bought or sold by a company, no matter how much they might fancy such shenanigans.

In the grand theater of financial folly, where the actors are many and the plot ever convoluted, we find ourselves witness to a spectacle most curious. The long-term holders of Bitcoin, those stoic souls who have weathered the tempestuous storms of the market, have, in their unyielding wisdom, amassed a treasure trove of some 16 … Read more

Already, the news has sent ripples through the markets, with Bitcoin climbing like a sapling in spring, nearing $82,398. Will this be the season of plenty for the crypto market? Or is it just another mirage in the desert of diplomacy?

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

RootData’s map, a tapestry of interconnectedness, portrays Hyperliquid as a “performant L1,” optimized to run a full on-chain financial system. But what is this system? A utopia of decentralized finance, or a dystopia where every transaction is a step closer to the abyss of algorithmic tyranny? User-built applications plug into native components like its orderbook perpetuals DEX-a symphony of code, perhaps, but one that plays the same old tune of exploitation.