Crypto Pulse—Industry Perspectives

During crypto market growth cycles, global liquidity often acts as the fuel that drives capital into risk assets.When the amount of money and credit in the financial system increases, investors tend to become more willing to take on higher levels of risk, creating favorable conditions for assets such as Bitcoin, Ethereum, and altcoins to enter periods of strong growth.So, what exactly is global liquidity, and why does it have such a major impact on the crypto market? Key Takeaways:Global liquidi

OverviewCrypto has spent the better part of a decade building financial infrastructure that works extremely well on a very narrow set of assets. Stablecoins moved trillions, venues like Aerodrome and Uniswap handled enormous trading volume, and lending markets on Aave and Morpho matured into serious credit infrastructure. Almost all of that machinery has run on crypto-native collateral, a small fraction of global financial assets. Tokenized equities have always rested on the argument that the ma

OverviewLayerZero announced ATLAS on Tuesday, August 25, 2026, describing it as a first-of-its-kind global market infrastructure that lets both open and institutional operators run trading venues without building an exchange themselves. It combines matching, clearing, settlement and risk into one stack running on Zero, the Layer 1 the company introduced in February after roughly two and a half years of development, and it deliberately ships without a frontend so that venues keep their interfaces

OverviewGrayscale's Zcash ETF started trading on NYSE Arca, the first US exchange-traded product to offer spot exposure to a privacy-focused cryptocurrency, created by converting the Grayscale Zcash Trust that had existed as a private placement vehicle since October 2017. The listing landed into an extraordinary run in the underlying asset, with ZEC touching $867 for the first time since 2018 after rallying roughly 65% to 70% over the preceding week. Key takeawaysGrayscale's Zcash ETF began trad

Once one of the largest restaking protocols in the EigenLayer ecosystem, Ether.fi is now entering the most important transformation since its launch. As the restaking narrative failed to meet expectations, the project began placing a bigger bet on the crypto neobank sector.This led Arthur Hayes to describe Ether.fi as “The Bank of the Future.” But is Ether.fi actually building the bank of the future, or simply betting on another new narrative? Key Takeaways:Ether.fi began pivoting toward the cry

Nvidia has once again delivered results that underscore the extraordinary scale of the artificial-intelligence infrastructure boom. The chipmaker reported fiscal second-quarter revenue of $96.2 billion, comfortably ahead of Wall Street expectations, while adjusted earnings also surpassed forecasts.More importantly, Nvidia’s outlook points to another major jump in sales, with the company projecting $108 billion in revenue for its fiscal third quarter. The figures provide fresh evidence that deman

Executive SummaryIntuit Inc. (NASDAQ:INTU) fell as much as 11% after hours on Tuesday, August 25, 2026, despite beating fiscal fourth-quarter revenue and earnings estimatesThe selloff was driven entirely by weak fiscal 2027 guidance, with full-year adjusted EPS guided to $22.88 to $23.12, well below the roughly $27.30 analyst consensusFirst-quarter fiscal 2027 guidance of $2.44 to $2.48 adjusted EPS also missed the $4.02 consensus by a wide marginManagement cited softer Mailchimp growth, a decli

Executive SummaryApplied Optoelectronics, Inc. (NASDAQ:AAOI) fell more than 12% in premarket trading Monday after disclosing a $600 million at-the-market equity offering filed after Friday's closeThe stock dropped from a $124.82 close on Friday to roughly $109.68, extending a weekly loss that had already reached about 17%This is the company's third large-scale equity raise of 2026, following a $500 million raise in April and a separate $600 million ATM program in May that together raised about $

Executive SummaryRUM Group Inc. (NASDAQ:RUM) jumped as much as 8% after announcing a $13.7 billion, six-year GPU services agreement with an unnamed U.S.-based cloud customer on August 23, 2026The deal is split into three tranches of roughly $4.6 billion each, with delivery of the final tranche contingent on the customer confirming a proposed delivery dateThe customer also received a warrant term sheet for up to 50,808,408 Class A shares at a $0.01 exercise price, vesting as GPU services are actu

IntroductionFreeport-McMoRan Inc. (NYSE: FCX), the copper, gold, and molybdenum mining giant, just closed at a fresh record high. Shares surged to $76.66, up $5.44, or 7.64%, in a single session, following a Wall Street Journal report titled “Copper Demand Pushes Freeport-McMoRan to Record.” That single-day move capped off an extraordinary run: FCX stock is up 25.84% over the past month and up 81.92% over the past year. For traders and investors following FCX stock, a move this dramatic raises a