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11 December - FED Results, GameStop's BTC buy and the new Jupiter Launchpad

The market was lack of its excitement for few days, also some of my dear friend came to see me... So, I decided to take a break of news. Today was the FED day. It got cut 25 points as expected. Here's some other things you might be interested...

  • Invesco and Galaxy have officially filed for SOL ETFs, while Kazakhstan launched the first regulated, staking-enabled SOL ETF. The Breakpoint effect is energizing the ecosystem and pushing more news out.

  • Despite rising user numbers, Hyperliquid’s daily revenue has fallen from the $23–25M range to $15–17M. Still, Hyperliquid continues to dominate DeFi ecosystem revenue.

  • GameStop made one of the most aggressive institutional moves by purchasing $500M worth of BTC marking a strategic shift toward allocating its cash reserves into crypto.

  • Vanguard enabled crypto ETF access for over 50 million clients, shifting the balance among institutions. Meanwhile, following BPCE, PNC is now offering BTC purchase options to its customers.

  • USDC supply on Solana has tripled since the start of the year, reaching $16B. Jupiter founder Meow acknowledged JUP’s poor performance and initiated a strategy reset. HumidiFi’s sale on Jupiter returned 6x from the initial purchase point.

  • Two major upcoming presales are on the horizon: GensynAI and Fogo. Fogo’s $1B FDV presale drew community criticism, while Gensyn announced that its sale will be conducted as an auction.

  • Citi, JPMorgan, Wells Fargo, and BNY Mellon—the four largest U.S. banks—are issuing Bitcoin-collateralized loans. Institutions are strengthening rapidly while retail creates volatility through selling and leveraged positions.

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