The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Tuesday was $3.516 billion.

- Hyperliquid dominates 80% of 2025 perpetual contract market via on-chain governance and user-driven liquidity innovations. - Centralized governance (HIP-3 protocol, USDH stablecoin launch) balances permissionless market creation with validator dominance risks. - HLP liquidity model generates $40M during crashes but faces regulatory scrutiny and token economics challenges from 2025 HYPE unlock. - TVL growth to $5B and 518K active addresses highlight adoption, yet governance centralization and institutiona

- Institutional Ethereum investments surged $1.3B as JPMorgan and Bitmine capitalized on price dips, with Bitmine now holding 3.4M ETH (2.8% of supply). - JPMorgan's $102M Bitmine stake reflects strategic crypto exposure via traditional instruments, aligning with U.S. ETF approvals and regulatory clarity on staking ETPs. - Bitmine's 5% supply target and SharpLink's 6,575 ETH staking highlight growing institutional confidence, despite 27.7% monthly price declines creating buying opportunities. - Regulatory

- Bitcoin miners adopt AI/HPC to offset bear market pressures, leveraging energy infrastructure for GPU workloads. - TeraWulf's $1.85M/MW/year AI hosting benchmark and CleanSpark's Texas campus highlight infrastructure diversification. - Grid constraints and GPU shortages challenge transitions, while Bitcoin ETF outflows ($558M) signal shifting investor sentiment. - Analysts warn of potential $100,000 price correction if $104,000 resistance fails, despite positive on-chain demand signals. - JPMorgan identi

- Brazil's central bank introduced Latin America's strictest crypto regulations, requiring VASPs to obtain authorization and comply with banking-level oversight by November 2026. - New rules mandate $2M+ capital requirements, classify stablecoin transactions as forex operations, and cap unapproved crypto transfers at $100,000 per transaction. - The framework aims to combat fraud and illicit finance by extending AML protocols to stablecoins, which account for 90% of Brazil's crypto activity, while enhancing