There is room for more perp DEXes than Hyperliquid. Competition is healthy.
Good take on the Hyperliquid vs. Lighter situation by @tervelix

I love Jeff and respect what he has built with HL!
Also i love how he built it, with privilege. But let's be real. If sector believes Jeff's way is the correct way we won't have any builders.
What he sayas sounds heroic, but let's be real about the "Privilege" required to take x.com/chameleon_jeff…

tervelix

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Wall Street bank Morgan Stanley recently officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a spot Ethereum ETF, further expanding its strategy to penetrate the market...

Morgan Stanley has filed an application to launch an Ethereum spot ETF.

Nike reportedly quietly sold its digital product subsidiary RTFKT last December, marking a significant shift in the fashion giant's Web3 strategy and digital assets.

Nike has quietly sold its NFT studio.

Author: Yuanshan Insights
Data Source: Farside Investors, SoSoValue, Fed H.4.1 Report, CryptoQuant

On the first trading day of 2026, BTC ETF saw a net inflow of $471 million.

What does this figure mean?

In November and December, the combined net outflow of spot BTC ETFs was approximately $4.57 billion; with a net outflow of approximately $1.09 billion in December alone.

Many people frantically sold at a loss above 93K, and institutions bought back about one-tenth of that amount on January 2nd alone.

Also happening...