This week in crypto, we are witnessing an unprecedented collision between traditional finance and decentralized ecosystems as major players aggressively build out the infrastructure for the next market cycle.

In this episode:

• Coinbase & Circle Supercharge Hyperliquid: Coinbase becomes the official USDC treasury deployer for Hyperliquid as the native USDH stablecoin sunsets, while Circle stakes 500,000 HYPE tokens to expand its role.

• Charles Schwab Brings Crypto to Normies: The traditional finance giant officially launches spot Bitcoin and Ethereum trading for its 40 million retail clients with a 75-basis-point fee.

• Wall Street Buys the $HYPE: 21Shares launches the first US-listed Hyperliquid ETFs ($THYP and $TXXH), bringing spot, staking, and leveraged exposure to mainstream brokerage accounts.

• Circle's $222M Arc L1 Presale: The USDC issuer raises $222 million backed by a16z Crypto and BlackRock for its Arc token presale, valuing the new institutional-grade EVM blockchain at $3 billion.

• TradFi Whales Ape Into Canton Network: Digital Asset Holdings secures $300 million led by a16z crypto at a $2 billion valuation to enable the tokenization of real-world assets for TradFi heavyweights.

Your weekly crypto pulse is live—tune in to stay ahead of the curve!