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- 🏆 How High Can Gold Go? (Morning Brew)
🏆 How High Can Gold Go? (Morning Brew)
ALSO: Hyperliquid wins big with commodities boom 🟡
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🧠 Today’s DYOR:
• Gold hits record high over $5K
• Hyperliquid's HIP-3 DEXs hit ATH $790M open interest
• Kraken rolls out 'DeFi Earn' in US, EU and Canada
• Revisiting the trenches with $PUMP
Let’s dive in.
📈 Market Indicator
👀 Trending
🥇Gold hits record high over $5K, further diverging from Bitcoin
Gold surged past $5,000 to record highs as geopolitical tensions, tariff threats, and shutdown fears drove investors toward safe havens. Bitcoin moved the opposite way, sliding below $86,000 and erasing its yearly gains as the correlation with gold broke down. The widening gap highlights a clear shift in risk appetite toward traditional stores of value.
💵 Hyperliquid's HIP-3 DEXs hit all-time high of $790 million in open interest amid commodities trading boom
Hyperliquid’s HIP-3 DEXs hit a new all-time high above $790M in open interest, fueled by a surge in commodities trading. CEO Jeff Yan says the platform now offers tighter BTC perps spreads than Binance, boosting liquidity and price discovery. Permissionless builder-deployed perps are accelerating growth as metals rally.
🏦 Kraken rolls out 'DeFi Earn' in US, EU and Canada tapping yield-bearing Veda vaults
Kraken launched DeFi Earn across the US, EU, and Canada, giving CEX users simple access to onchain yields of up to 8%. The product taps Veda vaults managed by Chaos Labs and Sentora, deploying capital to protocols like Aave and Morpho. It marks another step in bringing DeFi from niche users to the mainstream.
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🌍 Industry News
Bitcoin slides near $87,000 as US government shutdown fears weigh on crypto [Read more]
Bitwise debuts onchain vault via Morpho, targeting up to 6% yield on USDC [Read more]
BlackRock looks to bring yield-generation to Bitcoin investments with iShares Bitcoin Premium Income ETF [Read more]
Investment platform Republic Europe offers retail investors indirect stake in Kraken ahead of exchange's IPO [Read more]
Snowstorm delays Senate Agriculture Committee's crypto bill markup to later in the week [Read more]
Michael Saylor's Strategy buys another 2,932 bitcoin for $264 million as total holdings reach 712,647 BTC [Read more]
Tom Lee's BitMine nears 70% of Ethereum treasury target with latest 40,302 ETH buy [Read more]
🚀 Projects
Polymarket signs exclusive licensing deal with MLS, the largest US soccer league [Read more]
DEX aggregator Matcha Meta sees $16.8M drained in SwapNet incident [Read more]
XRP Reserves on Binance and Upbit surge in January, raising sell-off concerns [Read more]
Privacy project Zama’s encrypted Ethereum token auction draws $118M in commitments [Read more]
Perp dex TradeXYZ volume and open interest hit all-time highs [Read more]
🔥 Trending Tokens
$HYPE (+9%): Hyperliquid bounces back on strong HIP-3 adoption [Read more]
$PENGUIN (+21980%): PENGUIN meme bounces back after sell-off [Read more]
$COPPERINU (+10397%): Copper meme skyrockets after Cobie’s tweet [Read more]
$SKR (+152%): Solana Mobile rebounds as traders buy the dip [Read more]
$WHITEWHALE (+86%): White Whale meme jumps as price bottoms out [Read more]
* % increase shown are changes over the past week
🌙 Daily Pick
$PUMP: The PUMP token is the official utility coin of the pump.fun utility coin launch platform and the automated market maker (AMM) protocol.
X: @pumpfun
CA: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn
Current Price: $0.002823
FDV: $2.82B
Bullish Outlook: The bull case for PUMP centers on platform reinvention. Pump.fun is actively improving creator fees to better reward traders and communities, a move that already sparked a short-term price bump, while its new $3M Pump Fund aims to seed startups and expand the ecosystem. If these incentives successfully revive user activity and strengthen loyalty despite fierce competition, they could restore protocol revenue and drive longer-term value for the PUMP token.
*Disclaimer: This content is for informational purposes only and should not be considered financial advice; always do your own research before making any investment decisions.
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