gsr

CME Group announced that FalconX and GSR have completed the first block trade of CME's newly launched Bitcoin Cash (BCH) and Uniswap (UNI) futures.CME stated that the new contracts further expand its single cryptocurrency futures product line, which now covers assets such as BTC, ETH, XRP, SOL, ADA, LINK, XLM, AVAX, and SUI.

Cryptocurrency trading and market-making institution GSR announced an investment of 100 million dollars to launch the on-chain credit business Hare, which is built in collaboration with the liquidity distribution platform Turtle, responsible for creating and managing on-chain vaults. GSR's multi-year commitment is primarily provided in the form of credit lines, with its own funds serving as anchor liquidity to enter Hare's products first, followed by the introduction of external investors.Hare initially launched two products supported by the lending protocol Aave: Hare USD Earn, which receives mainstream dollar stablecoins in a single vault, and Hare Gold Earn, which allows holders of Paxos tokenized gold products PAXG and PAXGy to earn returns, with Paxos Labs participating in the collaboration on gold products. Hare's CEO Connor Milner stated that GSR's commitment is considered deployed capital, allowing issuers to access liquidity from day one, and allocators can also see GSR's own funds in the same vault as theirs. Milner previously served as a senior director at London DeFi hedge fund Re7 Capital.Vaults are becoming an important component of on-chain finance, with investors depositing assets into smart contracts, and curators deciding how to deploy funds in lending markets and other strategies. According to data from Vaults.fyi, as of July, 788 curated vaults managed a total of 8.6 billion dollars in assets.

According to Onchain Lens monitoring, GSR sent 303,010 LINK (4.29 million USD) to Binance after receiving tokens from Gnosis Safe.Two days ago, the same wallet sent 275,000 LINK (3.96 million USD) to Binance. In the past two days, a total of 578,010 LINK (approximately 8.25 million USD) has been sent to Binance.

Cryptocurrency trading and market-making company GSR released a research report stating that it has compiled over 2,300 token listings from major exchanges since 2013, with the dataset including delisted tokens. The report's authors are Chief Legal and Strategy Officer Josh Riezman and Research Analyst Slater Santer.The data shows that the median circulating supply at the time of listing dropped from 38% in 2017 to 13% in 2020, with most years thereafter only partially recovering to the teens to just over twenty. The median circulating supply decreases as the issuance FDV increases: below $10 million is 97%, $10 million to $100 million is 28%, $500 million to $1 billion is 16%, and above $1 billion is 13%.Tokens with an issuance FDV exceeding $1 billion had a median return of -81% after one year. Tokens with a circulating supply below 20% lost about 75% after one year, while those with a circulating supply of 30%-50% lost about 45%. After one year, the median funds for the group with over $1 billion FDV was about $0.19; those with a circulating supply below 20% retained about $0.23-$0.26, and those with a 30%-50% circulating supply retained about $0.55.

According to on-chain analyst Ai Yi's monitoring, a certain multi-signature address transferred 9.2 million LSK to a certain address, valued at 6.52 million USD; subsequently, 2 million LSK was recharged to GSR's Binance deposit address. A similar operation occurred 9 months ago.LSK surged to 2.37 USD last weekend, an increase of nearly 10 times, and is currently reported at 0.5084 USD, with a market value shrinking by 78.5% from its peak.

According to The Block, the Ink Foundation, an Ethereum L2 network under Kraken, has jointly established the Charter Foundation with crypto market maker GSR, law firms Carey Olsen, Renno & Co, Cooley, Fenwick, and auditing firms ChainSecurity, Zellic, among others. The aim is to provide a standardized shared legal framework for crypto projects to reduce token issuance costs. A spokesperson for the Ink Foundation stated that the organization is unrelated to Kraken.Currently, crypto projects typically need to independently establish a "three-entity structure" that includes a research and development entity (Labs), a Cayman Islands foundation, and a British Virgin Islands (BVI) subsidiary for issuance. The setup and independent director fees before the Token Generation Event (TGE) often exceed $100,000.The Charter Foundation aims to reduce the initial legal framework costs for token issuance by more than half by establishing a dedicated Cayman Islands exempt company as the launch structure for each project, with governance involving professional offshore compliance experts. Once the token is successfully issued, the Cayman entity will convert into an independent foundation and separate from Charter, ensuring the project's long-term independence.

According to the Phoenix Veritas Foundation, the cultural token themed around Hunter Biden's laptop, LAPTOP, has been issued on the Base chain, with a total supply of 1 billion tokens. The initial circulation at TGE is 350 million tokens (35%). In terms of token distribution, the founders (including Hunter Biden) and the prediction mechanism each account for 30%, community airdrops account for 20%, liquidity and the foundation treasury each account for 10%, and charitable distribution accounts for 5%. The founders' tokens have a 6-month lock-up period and a 24-month linear unlock.LAPTOP has no utility and is positioned as a purely cultural digital collectible, with its value entirely driven by community sentiment. The token contract has been audited for security by Hacken in April 2026, with no major vulnerabilities. Regarding market makers, the foundation has signed lending agreements for a total of 20.5 million tokens with G20 and GSR.

According to a report by Cryptonomist, GSR's market director Spencer Hallarn stated in an interview that the hype around tokenization has surpassed the actual usage on many platforms. The issue lies not in the market's demand for tokenized assets, but in the design of the platforms themselves. He pointed out that many walled garden-style tokenization platforms with strict KYC requirements generally lack meaningful trading volume, as cumbersome access and compliance processes limit activity.Hallarn believes that the real opportunity is not in tokenizing for the sake of tokenization, but in fixing the underlying pipelines of traditional banking and settlement systems, specifically the infrastructure for transferring funds and assets between institutions. This would make tokenization more of an infrastructure repair rather than merely a narrative of crypto products.He also mentioned that the stagnation in the crypto market this year is largely due to funds shifting towards AI infrastructure, with large tech companies raising substantial amounts of capital for AI infrastructure through equity financing, tightening the liquidity of various assets, and crypto is no exception. Its clients are also shifting from chasing short-term momentum to long-term budget planning, over-the-counter hedging, and RWA. If AI investment cools down and the Federal Reserve lowers interest rates, liquidity is expected to improve and support Bitcoin prices.

GSR's latest report indicates that most DAOs in the crypto industry have structural defects in treasury management, with about 70% of treasury assets concentrated in the project's native tokens.GSR states that this asset structure may create a pro-cyclical negative feedback loop: when the price of the native token falls, the value of the treasury shrinks, while protocol revenue and market activity are affected, further increasing the financial pressure on the project.Project teams typically seek to hedge only after the token price has dropped, but by this time, the market's implied volatility has often risen, significantly increasing the cost of risk protection.GSR suggests that DAOs should separate operational reserves from long-term token holdings and consider using collar strategies to build downside protection, reducing the impact of market declines on the treasury and extending the project's funding usage cycle during bear markets.GSR believes that in the short term, more projects adopting hedging strategies may drive growth in trading volume in the crypto options market, but the impact on spot prices is limited; in the medium term, if the structure of DAO treasuries improves, it is expected to reduce systemic selling pressure in the market.

According to The Block, cryptocurrency market maker GSR has received approval from the Financial Industry Regulatory Authority (FINRA) and has officially completed the acquisition of Portland SEC-registered broker-dealer Equilibrium Capital Services, which is now renamed GSR Securities. GSR CEO Xin Song stated that this acquisition will strengthen its compliance broker-dealer platform capabilities in the United States, focusing on serving institutional clients.GSR had previously disclosed plans to position its business as a "Web3 investment bank," and after the acquisition, it will further expand its tokenized financing business. Additionally, GSR has been active this year: in April, it launched the GSR Crypto Core3 ETF on Nasdaq, in March it acquired token consulting firms Autonomous and Architech, and invested in the tokenized platform Libeara under SC Ventures; last month, SC Ventures, the fintech investment arm of Standard Chartered Bank, became GSR's first external shareholder and completed its investment.

According to The Block, SC Ventures, the fintech and investment division of Standard Chartered Bank, has made a strategic investment in the crypto market maker GSR.The company has also been expanding into other tokenized financial services recently. This investment makes SC Ventures the first external strategic shareholder of GSR since its establishment in 2013.

According to The Block, cryptocurrency market maker GSR has launched its first multi-asset crypto ETF ------ GSR Crypto Core3 ETF, with the ticker BESO, listed on Nasdaq. The investment targets include BTC, ETH, and SOL, and will account for staking rewards where applicable.The fund employs an active management strategy, planning to rebalance weekly, with a management fee of 1%. Reports indicate that this product is also the first actively managed multi-asset crypto ETF in the U.S. to offer staking functionality. This launch is GSR's latest initiative to expand its crypto ETF and asset management business.

GSR led the investment in the tokenized platform Libeara launched by SC Ventures, a subsidiary of Standard Chartered Bank, with the transaction terms undisclosed. Libeara was established in 2023 and has supported the creation of over $1 billion in on-chain assets, including a tokenized retail money market fund launched in Asia for the large asset management company ChinaAMC.Additionally, GSR recently acquired Autonomous and Architech to expand its token consulting business. Through these acquisitions, GSR's service scope covers everything from strategic pre-launch planning for tokens to post-launch liquidity management.

This month, RootData launched a roadshow for companies in the cryptocurrency industry segmentation, presenting representative projects that are still committed to being Builders to the market based on transparency. Today, the second issue is released------the cryptocurrency market maker segment, with nearly 40 companies still in operation included in the statistics.Specifically, market makers such as Galaxy Digital, Wintermute, GSR, DWF Labs, Jane Street, and Amber Group have transparency scores above 70%, placing them in the first tier of this segment. Additionally, 19 market maker projects have transparency scores below 60%, with most failing to disclose data such as team information, funding, or market-making tokens, indicating a need for further improvement.It is reported that RootData's transparency score is based on a comprehensive evaluation of investor background, team completeness, roadmap delivery, and news popularity. The higher the transparency score, the stronger the project's strength and stability.

Cryptocurrency market maker GSR announced the acquisition of Autonomous and Architech for $57 million, building an integrated capital market and fund management platform that covers the entire lifecycle of projects from launch to expansion.After the acquisition is completed, Autonomous will continue to operate independently, providing support for the launch and operation of tokenized organizations; Architech will become a core component of GSR's digital asset consulting business. This acquisition marks GSR's further transformation into a "one-stop capital market service provider for crypto," strengthening its layout in the institutional-grade infrastructure and full-cycle service fields.This integration aims to address the current issues in the crypto industry regarding the decentralization of services and inconsistent incentives in areas such as token issuance, governance design, liquidity, financing, and listing strategies, by providing collaborative support through a unified framework. Additionally, clients will have access to GSR's existing institutional trading, derivatives, and asset management capabilities. GSR stated that the platform will also focus on enhancing the treasury management capabilities of crypto projects, covering liquidity planning, cash flow forecasting, risk management, and asset allocation strategies, promoting the transition of crypto funds from passive holding to sustainable returns and diversified allocation.

GSR content director Frank Chaparro posted on X that Tether has disclosed at least $1.6 billion in investments over the past few months, including:Rumble: $785 million;Elemental Royalty: $250 million;Juventus FC: $150 million;Gold dot com: $150 million;Anchorage Digital: $100 million;Gold Royalty: over $90 million;Generative Bionics: $82 million;Speed1: $8 million;Parfin: amount not disclosed;Adecoagro: amount not disclosed.

According to The Data Nerd monitoring, 3 hours ago, GSR withdrew 3000 ETH (approximately 6.23 million USD) from Binance.