Digital asset markets have come under fresh strain lately, as relatively large market-cap cryptocurrencies register meaningful losses. Dogecoin (DOGE) and Hyperliquid’s HYPE token stand out for their substantial drops during this period of broader weakness across Bitcoin and the overall crypto space.
Meanwhile, investor interest has increasingly turned toward stocks connected to artificial intelligence developments, creating a noticeable contrast in capital allocation preferences.
This environment points to a rotation in market focus. As participants seek exposure to various technology sectors promising rapid advancement, many digital assets have faced reduced demand.
Dogecoin, which benefits from a vibrant community and cultural relevance, has not been immune to these shifts.
Similarly, HYPE, associated with advanced decentralized trading capabilities on the Hyperliquid platform, has experienced pronounced selling pressure.
These movements reflect how sentiment can quickly adjust when competing opportunities arise in equities.
Bitcoin, serving as the foundational asset in the cryptocurrency world, has also navigated challenges, though its performance has varied relative to smaller tokens.
The general struggle in crypto highlights ongoing sensitivities to external influences, including liquidity conditions and broader economic signals.
When funds flow more readily into AI-related shares—driven by expectations of transformative impacts on industries—alternative investments like cryptocurrencies can see tempered enthusiasm.
Compounding these dynamics is activity in traditional safe-haven markets.
A selloff involving precious metals such as gold and silver appears linked to additional negative effects on Bitcoin pricing.
Gold and silver often attract flows during times of uncertainty or as inflation hedges, and their recent weakness may signal shifting investor priorities or responses to macroeconomic data.
This correlation can intensify movements in crypto, as traders adjust portfolios holistically across asset types that share risk characteristics or hedging roles.
Several elements likely contribute to the current picture.
A strong US dollar, policy expectations from central banks, or profit-taking in previously strong performers can all steer capital away from higher-volatility areas.
AI stocks, by comparison, draw support from narratives of long-term productivity gains and corporate earnings potential in tech.
This selective risk appetite leaves parts of the crypto market vulnerable to extended consolidation phases.
For holders and traders, the situation emphasizes the need for vigilance regarding cross-market relationships.
Dogecoin’s price action often ties closely to retail sentiment and social trends, rendering it susceptible to swift changes.
HYPE’s fortunes connect to decentralized finance activity and platform usage, which can fluctuate with overall market conditions.
When precious metals face selling, it may prompt leveraged position adjustments that spill into Bitcoin and altcoins.
Potential stabilization could emerge if commodity markets find support or if positive crypto-specific developments capture attention.
However, until AI enthusiasm or other growth stories begin to overlap more directly with digital assets, pressures may persist.
This period illustrates the highly interconnected nature of modern investing.
Movements in equities, commodities, and cryptocurrencies rarely occur in isolation, and understanding these links helps in forming balanced strategies.
Participants are monitoring key levels for support while assessing whether the current rotation represents a short-term phenomenon or a more sustained reallocation. The recent performance of Dogecoin, HYPE, and the wider crypto arena underscores a market in transition, influenced by competing asset classes and external economic factors.
Bitcoin is trading at $59,101 on June 30, 2026 — the final day of the worst month of the current correction cycle — as the Fear & Greed Index reads 15, a marginal recovery from yesterday’s absolute cycle low of 12. Total crypto market cap holds near $2.07 trillion. The defining story of the day is the sharp divergence within the top 10: Solana and Hyperliquid are posting strong weekly gains while Bitcoin, Ethereum, XRP, BNB, and Dogecoin all remain in negative territory for the week, with Dogecoin down a brutal 9.43%.
Key Takeaways Bitcoin at $59,101, down 0.26% on the day and 5.33% on the week, closing out June’s worst monthly performance of the cycle Fear & Greed Index at 15 — up slightly from yesterday’s cycle-low 12, but still firmly in Extreme Fear; last month was 28 (Fear) Solana is the standout performer: +6.19% weekly, the only top-10 asset with strong positive momentum across both 24h and 7d Hyperliquid (+4.35% weekly) is the second-best performer, both assets benefiting from idiosyncratic strength rather than broad market recovery Dogecoin down 9.43% weekly — the worst performer in the top 10 by a wide margin Ethereum down just 0.46% on the day despite Foundation restructuring and ETF outflow headlines XRP down 6.27% weekly as CLARITY Act odds fell to 42% and Senate entered recess until July 13 TRON’s defensive characteristics weakened into month-end, down 3.74% weekly — still better than BTC, ETH, XRP, BNB AssetPrice24h7dMarket CapVolume (24h)Bitcoin (BTC)$59,101.69–0.26%–5.33%$1.18T$31.35BEthereum (ETH)$1,575.63–0.46%–4.98%$190.15B$11.72BTether (USDT)$0.9984–0.01%–0.03%$184.7B$70.52BBNB$547.09–0.29%–4.54%$73.73B$1.15BUSDC$0.99960.00%0.00%$73.61B$13.24BXRP$1.03–0.30%–6.27%$64.61B$1.58BSolana (SOL)$73.39–0.26%+6.19%$42.63B$3.85BTRON (TRX)$0.3171–0.10%–3.74%$30.08B$638.95MHyperliquid (HYPE)$65.83–0.12%+4.35%$16.65B$659.81MDogecoin (DOGE)$0.07192–0.67%–9.43%$12.26B$638.58M Fear & Greed at 15: Recovering From the Cycle’s Darkest Reading The Fear & Greed Index printed 15 on June 30, an improvement from yesterday’s reading of 12 — the deepest Extreme Fear of the entire 2026 correction cycle. The four-day trajectory tells the story: last month was 28 (Fear), last week 23 (Extreme Fear), yesterday 12 (cycle low), today 15. The slight uptick from 12 to 15 is the first sentiment improvement seen in over a week, though the index remains firmly in Extreme Fear territory.
This sentiment pattern — sustained readings below 20 for multiple consecutive days, including the deepest point of the entire cycle — has historically been associated with periods that precede meaningful relief rallies, though the timing and magnitude of any recovery remain uncertain. The next update arrives within 24 hours and will be the first reading of July, providing an early signal of whether the marginal improvement continues into the new month.
Bitcoin: Closing Out the Worst Month of the Cycle Bitcoin is trading at $59,101.69, down 0.26% on the day and 5.33% over the past week — a decline that caps what has been confirmed as the worst monthly performance of the entire 2026 correction. The 1-week chart shows BTC opened above $62,200 on June 24, dropped sharply to test the $59,000s through a volatile mid-week stretch, and has spent the final days of June grinding in a narrow range near $59,000–$60,000.
Volume at $31.35 billion is elevated (+44.14% versus the prior session per CoinMarketCap data), consistent with month-end institutional rebalancing rather than a fresh directional catalyst. With June closing near $59,000, the monthly candle confirms BTC’s deepest drawdown test of the year, though the price has avoided a clean breach of the May cycle low on a sustained closing basis. For the full BTC breakdown, see our Bitcoin news today page.
Solana: The Standout Performer of the Week Solana is the clear leader among major assets, up 6.19% over the past week to $73.39 even as it dipped slightly (–0.26%) on the day itself. The 1-week chart shows a powerful recovery structure: SOL bottomed near $66 around June 25–26 alongside the broader market selloff, then staged a sustained climb through $68, $70, and finally above $73 by June 30 — outperforming every other top-10 asset by a wide margin on the weekly timeframe.
Volume surged 54.41% to $3.85 billion, confirming institutional participation behind the move rather than thin, low-conviction trading. SOL’s relative strength reflects its faster recovery from the June 26 capitulation low compared to Bitcoin and Ethereum, combined with the ongoing Alpenglow upgrade narrative and continued real-world adoption momentum from partnerships announced earlier in the month.
Ethereum: Resilient Despite Foundation Restructuring Headlines Ethereum is down just 0.46% on the day to $1,575.63, holding up reasonably well despite a difficult news cycle that included the Ethereum Foundation’s confirmed 20% staff reduction and persistent spot ETF outflows. The 7-day loss of 4.98% is actually milder than Bitcoin’s 5.33% weekly decline — a notable shift after ETH had underperformed BTC for most of June.
Volume jumped 47.47% to $11.72 billion, the second-highest percentage volume increase in the top 10 after Solana. The relative stability suggests that the worst of the Foundation restructuring and ETF outflow narrative may already be priced in, with the market shifting attention toward whether ETH can build a base above $1,550 heading into July. For daily ETH coverage, see our Ethereum news today tracker.
XRP: Weakest Major Asset as CLARITY Act Odds Slide XRP is the weakest major asset on a weekly basis among BTC, ETH, BNB, and TRX, down 6.27% to $1.03 as CLARITY Act passage odds fell to 42% and the Senate entered recess until July 13. The 1-week chart shows the same pattern as Bitcoin and Ethereum — a sharp drop around June 25–26 followed by a choppy, directionless recovery attempt that has failed to reclaim the $1.06–$1.08 zone on a sustained basis.
Despite the price weakness, on-chain accumulation by large holders has continued throughout the drawdown, and some technical analysts have flagged early bullish reversal signals on the daily chart. Whether those signals translate into price action will likely depend heavily on developments around the CLARITY Act when the Senate returns from recess on July 13.
TRON: Defensive Edge Erodes Into Month-End TRON’s typically defensive profile weakened in the final week of June, with TRX down 3.74% to $0.3171 — still outperforming BTC, ETH, XRP, and BNB on the weekly timeframe, but a notably larger decline than the sub-1% losses TRX posted during earlier capitulation events in June. Volume rose 14.03% to $638.95 million.
The erosion in TRON’s relative strength suggests that sustained multi-week macro pressure is beginning to weigh on even utility-driven assets, though TRX’s structural demand base from USDT settlement remains intact heading into the MiCA enforcement window that opened July 1.
Hyperliquid: Quietly the Second-Best Performer Hyperliquid is up 4.35% over the past week to $65.83, the second-strongest performer in the top 10 after Solana. The 1-week chart shows a steady, low-volatility climb from the low $60s to nearly $66, with volume surging 72.35% to $659.69 million — the largest percentage volume increase of any asset in the top 10. HYPE’s continued strength reflects sustained demand for its on-chain perpetuals exchange, which has maintained robust trading volumes even as broader sentiment remained deeply negative.
Dogecoin: Worst Performer in the Top 10 Dogecoin is down 9.43% over the past week to $0.07192 — by far the weakest performer among major assets and nearly double the percentage decline of the next-worst performer, XRP. With no underlying utility catalyst, DOGE remains the purest sentiment proxy in the top 10, and its outsized weekly loss reflects just how compressed risk appetite has become during the depths of Extreme Fear.
What July Inherits From June June 2026 closes as the worst monthly stretch of the current crypto correction cycle, with Bitcoin down over 5% on the week and Ethereum facing both technical damage and structural organizational news from the Foundation restructuring. Yet the month also closes with two clear bright spots — Solana and Hyperliquid — both demonstrating that idiosyncratic strength is possible even within a broadly bearish macro environment.
The Fear & Greed Index’s modest recovery from 12 to 15 is the first sentiment improvement in over a week, and the path into July will be shaped by three factors: whether the CLARITY Act sees any progress when the Senate returns from recess on July 13, whether Bitcoin can hold the $59,000 zone on a sustained basis, and whether Ethereum’s relative stability this week marks a genuine bottoming process or merely a pause before further downside.
Hyperliquid added to Singapore's Investor Alert ListThe Monetary Authority of Singapore (MAS), the city-state's central bank and financial regulator, has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List.
The entry, added on Friday, includes the Hyper Foundation website and the Hyperliquid trading app.
The Investor Alert List is a consumer protection measure that identifies entities that may be wrongly perceived as licensed or regulated by MAS. Inclusion on the list does not constitute a ban or enforcement action.
MAS added crypto exchange Bybit to the list on June 17 and KuCoin and Bitget also appear.
Hyperliquid said that it has never claimed to be licensed or authorized by MAS and that nothing about its permissionless infrastructure has changed.
Don't look at this if you are in Singapore. (Hyperliquid)Don't look at this if you are in Singapore. (Hyperliquid)
Indonesia sets certification rules for influencers recommending cryptoIndonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media.
Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending digital assets must obtain competency certifications unless they are already subject to a separate licensing requirement.
Influencers may recommend only digital assets listed on authorized exchanges, while any service provider they recommend must also be licensed. Marketing campaigns must be conducted through regulated financial services businesses, which are responsible for the promotional content, and distributed through their official communication channels.
Indonesia joins a growing number of jurisdictions tightening oversight of financial influencers, also called finfluencers, with Australia and the United Kingdom introducing broader rules for investment promotions and the Philippines adopting crypto-specific marketing restrictions.
South Korean authorities fine Bithumb $136K over sharing user information overseasSouth Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when it sent user data overseas.
In a Thursday notice, the country's Personal Information Protection Commission (PIPC) said that its investigation into Bithumb found that the exchange had “transferred personal information overseas without the separate consent of the data subjects during the process of order book sharing and virtual asset transfer with overseas virtual asset exchanges.”
The incident was connected to Bithumb sharing its Tether (USDT) order books between September and November 2025 with BingX, despite obtaining consent to share the data with Stellar, as well as sharing user information with 13 overseas exchanges.
BithumbSource: PIPC
SBI to acquire Bitbank in $289M deal creating Japan's biggest crypto exchangeJapan’s SBI Holdings has signed agreements to acquire full control of crypto exchange Bitbank through a 46.7 billion Japanese yen ($289 million) transaction, advancing a deal first disclosed in May that would create the country's biggest crypto exchange.
SBI expects the transaction to close around October, subject to regulatory clearance.
The acquisition would expand SBI’s regulated crypto exchange footprint and customer base, giving it another potential distribution channel for the stablecoins, tokenized assets and onchain financial products.
Bitbank's daily trading volume has hovered below $50 million for most of the last four months, CoinGecko data showed. Volume is dominated by the BTC/JPY pair (39.5%), followed by XRP/JPY and ETH/JPY (both at 19.7%).
SBI said combining Bitbank with SBI VC Trade would give the group about 1.1 trillion yen in assets under custody and roughly 2.92 million crypto accounts, meaning the combined business would rank first among Japanese crypto exchanges.
Chainlink joins European and Korean bank consortia to develop FX settlement networkChainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement.
The protocol has announced Project Pangea alongside South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance (UniKA) — a consortium that includes more than a dozen Korean commercial banks — and Qivalis, a euro stablecoin consortium backed by 37 European banks.
Project Pangea aims to bring together financial institutions across Europe and South Korea to evaluate direct, atomic swaps of euro- and South Korean won-denominated stablecoins using Chainlink’s data infrastructure alongside FairSquareLab’s onchain foreign exchange settlement technology.
The initiative is another example of financial institutions evaluating stablecoins for wholesale financial infrastructure rather than consumer payments. According to the Bank for International Settlements, the global foreign exchange market processes roughly $9.6 trillion in daily trading volume.
South Korea adds token securities to capital market overhaulSouth Korea’s financial regulator folded token securities infrastructure into a broader overhaul of the country’s capital markets, alongside plans for faster settlement, longer trading hours and greater use of artificial intelligence.
On Tuesday, the Financial Services Commission (FSC) said it had launched a capital market infrastructure review meeting to coordinate reforms across government agencies and market operators. According to the FSC, plans for token securities will be further discussed separately through a public-private council before being linked to the wider initiative.
The initiative includes a roadmap for shortening the securities settlement cycle, expected by October, and a Korea Securities Depository (KSD) system for settling over-the-counter trades in unlisted shares and fractional investment products by the end of 2026.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: ReportStablecoin issuer Circle and Japan's largest investment bank Nomura have reportedly partnered to enable instant foreign exchange settlement for Japanese companies as early as 2027.
The service would enable companies to convert yen into dollar-denominated stablecoins for cross-border transactions and instant settlement, reducing delays caused by banking hours and time zone differences, Nikkei reported on Thursday.
The partnership would bring one of the world's largest dollar stablecoins into Japan's corporate foreign exchange market, expanding the use of stablecoins for business-to-business cross-border settlement.
Australian regulator extends no-action period for crypto licensingThe Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months (to September 30) apply for licenses required under its updated regulatory guidance.
The extension applies to businesses seeking an Australian Financial Services (AFS) license, as well as companies that may require market or clearing and settlement authorizations.
The regulator said it has received about 30 license applications since updating its digital asset guidance in October 2025 to clarify that many crypto products are financial products under the law and require an AFSL.
It noted its recent court victory against BlockEarner emphasized that point.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Hyperliquid’s prediction markets just crossed $80 million in daily trading volume for the first time. For a feature that launched barely two months ago, that’s the kind of number that makes competitors recalibrate their roadmaps.
The milestone comes from HIP-4, Hyperliquid’s binary outcome market framework that went live around May 2, 2026. It lets users trade on the outcomes of various events, from cryptocurrency price movements to macroeconomic indicators, all on-chain, all permissionless.
From perpetuals to predictions When HIP-3 launched its mainnet on October 13, 2025, the first deployed market was XYZ100, a perpetual contract tracking roughly 100 non-financial US-listed companies. Within two weeks, by October 28, 2025, XYZ100 was already pulling in over $80 million in daily trading volume with approximately $70 million in open interest.
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Deployers earned more than $100,000 in fees during that initial stretch. Launching a HIP-3 market requires staking a minimum of 500,000 HYPE, which was valued at around $25 million at the time. The fee structure splits revenue 50/50 between the protocol and the deployer.
By mid-2026, cumulative volume across the platform reached into the trillions.
Taking a bite out of Polymarket Bitcoin outcome markets on Hyperliquid captured roughly 20% of the 24-hour volume compared to Polymarket within just 25 days of HIP-4’s launch. Individual prediction markets on HIP-4 have been posting millions in daily volumes. Protocol open interest in prediction markets peaked at around $25 million near the end of June 2026.
What this means for HYPE holders and the broader market For HYPE token holders, the staking yield was hovering around 2.2% in late 2025. Every new market that goes live on HIP-3 or HIP-4 requires deployers to stake 500,000 HYPE minimum, locking up a meaningful chunk of HYPE supply.
The risk here is concentration. Hyperliquid commands a dominant share of on-chain perp volume, which means a single protocol handling that much activity is also a single point of failure. Smart contract risk, oracle manipulation, and liquidity cascades are all amplified when one platform is the center of gravity for an entire trading vertical.
There’s also the question of regulatory scrutiny. Prediction markets that track US-listed equities and macroeconomic outcomes aren’t exactly flying under the radar. The CFTC has historically taken a dim view of unregistered derivatives platforms offering event contracts to US persons, and Hyperliquid’s permissionless architecture means there’s no KYC gatekeeper deciding who gets to trade.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
Hyperliquid added to Singapore's Investor Alert ListThe Monetary Authority of Singapore (MAS), the city-state's central bank and financial regulator, has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List.
The entry, added on Friday, includes the Hyper Foundation website and the Hyperliquid trading app.
The Investor Alert List is a consumer protection measure that identifies entities that may be wrongly perceived as licensed or regulated by MAS. Inclusion on the list does not constitute a ban or enforcement action.
MAS added crypto exchange Bybit to the list on June 17 and KuCoin and Bitget also appear.
Hyperliquid said that it has never claimed to be licensed or authorized by MAS and that nothing about its permissionless infrastructure has changed.
Don't look at this if you are in Singapore. (Hyperliquid)Don't look at this if you are in Singapore. (Hyperliquid)
Indonesia sets certification rules for influencers recommending cryptoIndonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media.
Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending digital assets must obtain competency certifications unless they are already subject to a separate licensing requirement.
Influencers may recommend only digital assets listed on authorized exchanges, while any service provider they recommend must also be licensed. Marketing campaigns must be conducted through regulated financial services businesses, which are responsible for the promotional content, and distributed through their official communication channels.
Indonesia joins a growing number of jurisdictions tightening oversight of financial influencers, also called finfluencers, with Australia and the United Kingdom introducing broader rules for investment promotions and the Philippines adopting crypto-specific marketing restrictions.
South Korean authorities fine Bithumb $136K over sharing user information overseasSouth Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when it sent user data overseas.
In a Thursday notice, the country's Personal Information Protection Commission (PIPC) said that its investigation into Bithumb found that the exchange had “transferred personal information overseas without the separate consent of the data subjects during the process of order book sharing and virtual asset transfer with overseas virtual asset exchanges.”
The incident was connected to Bithumb sharing its Tether (USDT) order books between September and November 2025 with BingX, despite obtaining consent to share the data with Stellar, as well as sharing user information with 13 overseas exchanges.
BithumbSource: PIPC
SBI to acquire Bitbank in $289M deal creating Japan's biggest crypto exchangeJapan’s SBI Holdings has signed agreements to acquire full control of crypto exchange Bitbank through a 46.7 billion Japanese yen ($289 million) transaction, advancing a deal first disclosed in May that would create the country's biggest crypto exchange.
SBI expects the transaction to close around October, subject to regulatory clearance.
The acquisition would expand SBI’s regulated crypto exchange footprint and customer base, giving it another potential distribution channel for the stablecoins, tokenized assets and onchain financial products.
Bitbank's daily trading volume has hovered below $50 million for most of the last four months, CoinGecko data showed. Volume is dominated by the BTC/JPY pair (39.5%), followed by XRP/JPY and ETH/JPY (both at 19.7%).
SBI said combining Bitbank with SBI VC Trade would give the group about 1.1 trillion yen in assets under custody and roughly 2.92 million crypto accounts, meaning the combined business would rank first among Japanese crypto exchanges.
Chainlink joins European and Korean bank consortia to develop FX settlement networkChainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement.
The protocol has announced Project Pangea alongside South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance (UniKA) — a consortium that includes more than a dozen Korean commercial banks — and Qivalis, a euro stablecoin consortium backed by 37 European banks.
Project Pangea aims to bring together financial institutions across Europe and South Korea to evaluate direct, atomic swaps of euro- and South Korean won-denominated stablecoins using Chainlink’s data infrastructure alongside FairSquareLab’s onchain foreign exchange settlement technology.
The initiative is another example of financial institutions evaluating stablecoins for wholesale financial infrastructure rather than consumer payments. According to the Bank for International Settlements, the global foreign exchange market processes roughly $9.6 trillion in daily trading volume.
South Korea adds token securities to capital market overhaulSouth Korea’s financial regulator folded token securities infrastructure into a broader overhaul of the country’s capital markets, alongside plans for faster settlement, longer trading hours and greater use of artificial intelligence.
On Tuesday, the Financial Services Commission (FSC) said it had launched a capital market infrastructure review meeting to coordinate reforms across government agencies and market operators. According to the FSC, plans for token securities will be further discussed separately through a public-private council before being linked to the wider initiative.
The initiative includes a roadmap for shortening the securities settlement cycle, expected by October, and a Korea Securities Depository (KSD) system for settling over-the-counter trades in unlisted shares and fractional investment products by the end of 2026.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: ReportStablecoin issuer Circle and Japan's largest investment bank Nomura have reportedly partnered to enable instant foreign exchange settlement for Japanese companies as early as 2027.
The service would enable companies to convert yen into dollar-denominated stablecoins for cross-border transactions and instant settlement, reducing delays caused by banking hours and time zone differences, Nikkei reported on Thursday.
The partnership would bring one of the world's largest dollar stablecoins into Japan's corporate foreign exchange market, expanding the use of stablecoins for business-to-business cross-border settlement.
Australian regulator extends no-action period for crypto licensingThe Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months (to September 30) apply for licenses required under its updated regulatory guidance.
The extension applies to businesses seeking an Australian Financial Services (AFS) license, as well as companies that may require market or clearing and settlement authorizations.
The regulator said it has received about 30 license applications since updating its digital asset guidance in October 2025 to clarify that many crypto products are financial products under the law and require an AFSL.
It noted its recent court victory against BlockEarner emphasized that point.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Hyperliquid is currently trading at $66. HYPE’s trading volume has risen by 80%. The two clear rejections near the same resistance zone indicate that sellers have repeatedly stepped in to prevent a breakout. At the same time, price has continued to hold above a higher support area, suggesting buyers are still defending the trend.
This creates a classic decision point, a move above resistance could trigger another bullish leg higher, while a break below support would invite increased selling pressure and a deeper correction. The current structure reflects a wait for confirmation before a major move.
Current price action of Hyperliquid (HYPE) is trading at $66.19, up by over 6% in the past 24 hours. It indicates that the buyers have regained some short-term momentum while the token remains below its key resistance level.
Hyperliquid’s opening price was noted at $61.58, and after the bulls took control, the price was pushed to a high of $67.63. Besides, the daily trading volume has increased by over 80.59%, reaching $645.19 million.
With the active uptrend in the HYPE market, the price could move up to the resistance at $67.84. A potential bullish correction initiates the golden cross to take place, and gradually pushes the asset’s price even higher. If the Hyperliquid momentum takes a bearish turn, the price action could see a slip to the support at $65.31. Assuming the downside pressure gains more traction, the death cross might emerge, triggering the price to fall.
Will the Hyperliquid Gain More Momentum? The 4-hour technical analysis reports that the Moving Average Convergence Divergence (MACD) line is above the signal line and both are above the zero line. This indicates that bullish momentum is strengthening. The bullish crossover of HYPE suggests buyers are gaining control. This setup often supports further upside, provided buying momentum continues to hold.
In addition, the daily Relative Strength Index (RSI) of Hyperliquid, positioned at 58, indicates moderately bullish sentiment. Technically, the value is above the neutral level, 50, showing that buyers have the upper hand. At the same time, it remains below the overbought zone, and there is still room for the uptrend to continue. This reading reflects healthy buying interest.
These indicators can positively influence the price action. The upward price movement is more likely than the downward movement. However, price still depends on key support and resistance levels, trading volume, and overall market sentiment.
Crypto Market Highlights
Bitcoin (BTC) Caught in a Tight Range: Will $58K Support or $61K Resistance Give Way First?
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
The analysis of weekly flows on spot crypto index funds reveals an unprecedented fracture within the sector, challenging the idea of a monolithic institutional block. This data is important, because it shows that professional investors no longer blindly put their money into the two dominant assets, but are beginning to choose growth alternatives.
In brief Bitcoin ETFs record one of the largest waves of capital outflows in their history, driven by massive withdrawals at BlackRock, Fidelity, and Grayscale. Ether funds extend their bad streak with a seventh consecutive week of outflows, revealing a sustained loss of confidence from institutional investors. HYPE and XRP ETFs attract new capital, illustrating a reorientation of flows towards assets considered more promising. This redistribution of investments reflects a sector rotation strategy rather than an institutional withdrawal from the crypto market, a sign of increasingly fine selection of opportunities. The great capital exodus outside Bitcoin funds The institutional financial vehicle segment of the market leader has just experienced a historic decline. For the week of June 22 to 26, 2026, spot Bitcoin ETFs experienced net outflows of 1.79 billion dollars. This massive disengagement represents the third highest week of net outflows in history. Such a liquidation movement shows that “the image of an inexhaustible institutional demand for bitcoin today faces continuous pressure”.
The financial purge peaked with BlackRock, whose IBIT fund lost 1.3 billion dollars. This movement extended systemically to all major facilitators in the U.S. market, with the sale of 314.9 million dollars from Fidelity’s FBTC fund and an outflow of 135.3 million dollars at Grayscale with GBTC.
The data consolidated by statistical tracking platforms confirm that selling pressure was widespread, leaving almost no respite for secondary traditional finance structures :
Managers on the front line : outflows hit Invesco’s BTCO fund for 53 million dollars, Ark & 21Shares’ ARKB for 37.8 million dollars, and Bitwise’s BITB for 34.6 million dollars ; Low-cost structures impacted : even competitive vehicles like VanEck’s HODL and Franklin’s EZBC recorded respective outflows of 6.4 million and 3.1 million dollars ; Derisory compensations : the rare inflows seen on Grayscale’s Bitcoin Mini Trust (+71.7 million $), Morgan Stanley’s MSBT (+26.2 million $), and WisdomTree’s BTCW (+3.4 million $) were not enough to reverse the negative trend set by BlackRock. Ether trapped in a systemic outflow spiral While the Bitcoin product sector plunged into the red, a distinct but equally concerning temporal and structural movement affected spot Ether ETFs. They experienced 273 million dollars of net outflows, extending a streak now lasting seven consecutive weeks of outflows for the category.
Day-to-day flow tracking reveals methodical erosion: Monday started with a decline of 66.38 million dollars on BlackRock’s ETHA, followed by Tuesday at minus 82.35 million dollars despite a rebound of 15.69 million dollars towards Fidelity’s FETH fund. On Wednesday, 30.24 million dollars evaporated with no recorded inflow, before Thursday and Friday sealed this weekly decline with respective outflows of 81.87 million and 12.85 million dollars, both driven by liquidations of the ETHA fund.
This prolonged distrust towards Ether is partly due to a technical repositioning of institutional portfolios that struggle to find a short-term growth catalyst on this asset. The daily arbitrages show mathematical regularity in selling, indicating investors are actively reducing their exposure to the historic smart contract network in favor of other opportunities. Unlike Bitcoin, which still benefits from some residual flows through private banks like Morgan Stanley, Ether suffers from an obvious lack of growth drivers among big brokers and undergoes pressure from continuous redemptions, with no other support than BlackRock’s product.
The unexpected surge of HYPE and XRP Conversely, this disaffection around these two major players did not cause a definitive rout outside the crypto ecosystem, but rather a redeployment of liquidity towards more attractive opportunities. Spot HYPE ETFs have established themselves as the indisputable stars of the market by capturing 111 million dollars of net inflows. Indeed, the scenario behind this performance is particular. After a flat week from Monday to Wednesday and modest gains of 1.46 million on Tuesday and 1.82 million on Friday, order books were flooded on Thursday with a large buying wave of 108.09 million dollars.
At the same time, XRP ETFs showed impressive consistency with 22.99 million dollars of net inflows, marked by an inflow of 5.31 million dollars on Monday via Bitwise, 2.05 million on Wednesday via Grayscale, and a final push on Friday of 15.63 million dollars. Solana, on the other hand, stayed out of this altcoins rally, with a net loss of 1.81 million dollars over the week.
Ultimately, the consolidated weekly balance closes with a decline of more than 2 billion USD for the dominant block. However, one cannot interpret these capital movements as a sign of a global disinterest from institutional investors in the Web3 universe. The market shows a new technical maturity: investors are not leaving crypto ETFs, but they are carrying out deep strategic and sectorial rotations.
This increased selectivity indicates that fund managers are now diversifying their backup portfolios by “rewarding products with clearer momentum and temporarily cutting their exposure where their conviction has weakened”. In the long run, this redistribution of financial flows could well mark the end of the systematic correlation between the bitcoin price and the performance of next-generation altcoins.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The broader cryptocurrency market remains under pressure with Bitcoin (BTC) below $60,000 on Tuesday, while Solana (SOL), Zcash (ZEC) and Hyperliquid (HYPE) emerge as top performers over the last 24 hours. Retail sentiment remains bearish with the Fear and Greed Index around 17 on Tuesday, during early Asian hours, maintaining an “Extreme Fear” signal.
Fear and Greed Index. Source: CoinMarketCapBitcoin remains muted near $60,000Bitcoin edges below $60,000 at press time on Tuesday amid a broader bearish bias, with price waiting for the next catalyst for a directional push. The 50-day Exponential Moving Average (EMA) is at $66,698, and the 200-day EMA is at $77,512, reaffirming the prevailing downtrend.
BTC is also pinned just under the horizontal barrier at $60,000, while the earlier upward support trendline now acts as a broken structural reference near $74,131. That said, momentum is stabilizing on the daily chart as price consolidates near $60,000. The Moving Average Convergence Divergence (MACD) is turning marginally positive above its signal line, and the Relative Strength Index (RSI) is recovering toward 33, which hints at fading selling pressure but not yet a decisive shift in trend.
On the topside, immediate resistance appears at the $60,000 horizontal level, followed by the 50-day EMA at about $66,698, which reinforces the broader cap on recovery attempts. Above that, the prior trendline break area around $74,131 and the 200-day EMA near $77,512 mark deeper layers of overhead supply that would need to be reclaimed to weaken the prevailing bearish structure.
BTC/USDT daily price chart.Looking down, a slip below the June 25 low at $58,115 could drop BTC toward the $53,485 support level, marked by the July 5, 2024 low.
SOL, ZEC and HYPE post mild recovery gainsSolana is trading around $75 on Tuesday, following a 5% rebound the previous day. The recovery aligns with an inflow of $5.52 million into SOL-focused Exchange-Traded Funds (ETFs) on Monday, suggesting fresh institutional support this week.
SOL ETFs data. Source: SosovalueFrom a technical perspective, the 50-day and 200-day EMAs at around $75.23 and $98.03, respectively, reaffirm the capped long-term trend. A decisive push above the 50-day EMA around $75.23 could further extend gains toward the broader trend barrier at the 200-day EMA near $98.03.
Solana has bounced off recent lows, pushing the MACD and signal line higher toward the zero line, while the RSI at 55 crosses above the midline, hinting at a recovery phase. Yet these positive signals remain constrained by the overhead moving average structure.
SOL/USDT daily price chart.Zcash hovers around $400 on Tuesday, after an 8% rise on Monday, crossing above its 200-day EMA at $380. The privacy coin projects a possible double-bottom reversal from the 20-day EMA, near the 50% retracement level at $356, measured from the $184 to $690 upswing.
Momentum shows a decline in bearish pressure, with RSI at 42 indicating an uptick while the MACD prepares for a potential bullish crossover above its signal line.
If ZEC clears the 50-day EMA at $454, it could target the 78.6% Fibonacci retracement level at $520.
ZEC/USDT daily price chart.On the downside, immediate support is seen around $356, guarding the $300 round figure, followed by the 23.6% Fibonacci retracement level at $251.
Finally, Hyperliquid shows steady behavior around $66 on Tuesday, following a nearly 9% rebound from the 50-day EMA at $60.08 on Monday. Similar to SOL, the rebound in HYPE coincides with a $2.23 million inflow into US spot HYPE ETFs on Monday.
HYPE ETFs data. Source: SosovalueMomentum indicators on the daily chart suggest the broader uptrend is intact, with the RSI at 53 holding above the midline while the negative MACD histogram contracts, hinting at waning downside momentum.
The 78.6% Fibonacci retracement level at $66.22 serves as the immediate resistance, measured over the upswing from $38.17 to $76.93. A decisive close above this resistance zone could target the all-time high level of $76.93, followed by the 127.2% Fibonacci extension level at $93.08.
HYPE/USD daily price chart.Looking to the downside, the 50-day EMA at $60.08 emerges as immediate support, followed by the 50% retracement level at $54.19.
(The technical analysis of this story was written with the help of an AI tool.)
Michigan judge bans Kalshi from offering sports event prediction services to the state’s residents.
According to Reuters, a Michigan judge on Monday ruled to ban prediction market platform Kalshi from allowing state residents to make financial predictions on sports events. The decision comes after Michigan Attorney General Dana Nessel accused Kalshi’s operations of violating state law. At the request of the Democratic attorney general, Ingham County Circuit Court Judge Rosemarie Aquilina issued a temporary restraining order. The judge stated that Kalshi would face a $120,000 fine per day for each violation if it fails to comply with the geographic restrictions mandated by the ruling.
1 seconds ago
Kimi’s valuation climbs to $31.5 billion, its annual recurring revenue (ARR) surpasses $300 million, and its revenue curve exhibits early-stage characteristics similar to Anthropic’s.
According to a report by Science and Technology Innovation Board Daily, Moonshot AI's Kimi recently closed its previous funding round at a $20 billion valuation, and a new financing round has been launched, with its pre-money valuation rising to $31.5 billion. An industry source close to Kimi revealed that the AI startup disclosed its latest revenue metrics during discussions for the new round: its annual recurring revenue (ARR) exceeded $300 million in mid-June. The revenue growth was mainly driven by increased developer usage and higher API revenue, fueled by model iterations. Currently, API revenue accounts for over 70% of Kimi's total revenue and continues to climb. Kimi's revenue trajectory is beginning to show characteristics of Anthropic's early commercialization phase: surging developer calls, a growing share of API revenue, rising overseas paying users, and an upward shift in pricing driven by model capability iterations.
1 seconds ago
Binance HODLer Airdrop Launches on OpenGradient (OPG)
Per official announcement, Binance’s HODLer Airdrop has launched its 66th project: OpenGradient (OPG), an Open Intelligence Network — a decentralized infrastructure network designed to host, infer, and validate AI models at scale. From 08:00 on June 22, 2026 to 07:59 on June 25, 2026 (UTC+8), users who subscribe to principal-guaranteed savings (fixed and/or flexible) or on-chain savings products using BNB will receive airdrop allocations. The airdrop is expected to be distributed to users’ spot accounts within 5 hours of the announcement.
1 seconds ago
Fresh Wallet Bets Big on $MU and $SNDK on @Aster_DEX, Already Up 103%
Someone created a new wallet, deposited 37,586 $USDT into @Aster_DEX and opened a 50x long on $MU and a 10x long on $SNDK. Current positions: 666.66 $MU($774K) and 125.99 $SNDK($266K). The wallet is already up $38,874, a 103.43% return.
1 seconds ago
Goldman Sachs raised its HBM price forecast, lifting Samsung and SK Hynix stocks which surged 3% within an hour, while a major crypto whale opened a $3.9 million long position in a short period.
According to Hyperinsight’s monitoring, SKHX (SK Hynix) on Hyperliquid rose 3.5% within one hour, with its daily trading volume hitting $340 million. SMSN (Samsung Electronics) gained 2.7% over the same period. Today, in its latest June DRAM sentiment survey, Goldman Sachs sharply lifted its 2027 HBM price growth forecast for Samsung from +14% to +44%. Meanwhile, South Korea’s May DRAM exports surged 370% year-on-year, hitting a new all-time high. The market is interpreting this as sustained strong demand for AI storage, tight HBM supply-demand balance, and improved profitability expectations for memory manufacturers. Coupled with South Korea’s recent announcement of a roughly 800 trillion won semiconductor investment and industrial ecosystem development plan, related South Korean sectors strengthened in the afternoon. At this juncture, a large whale on Hyperliquid opened a 3x leveraged long position of 2196 SKHX contracts, worth approximately $3.9 million at an average entry price of $1,752, with a liquidation price of $1,225. This is the largest position opening of the asset on the day.
1 seconds ago
Two crypto whales short BTC with high leverage, nominal positions exceeding $100 million.
According to Lookonchain’s monitoring, two crypto whales are currently shorting Bitcoin (BTC), with their combined short position size exceeding $100 million. The address starting with 0x069a holds a short position of 900 BTC at 40x leverage, valued at approximately $53.69 million; the address starting with 0x3e7a shorts 800.75 BTC with 20x leverage, worth around $47.76 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
AI-related US stocks staged a V-shaped reversal, with most recouping their opening losses.
Per Bitget market data, AI-related US stocks staged a V-shaped reversal tonight, with most erasing their post-opening declines. Micron Technology is down 3% after hitting an intraday low of 8%. Marvell Technology (MRVL) turned positive, currently up 0.49% following an over 5% intraday drop. Corning (GLW) and CommScope Holding (CBRS) rallied more than 10%. Storage stocks Western Digital (WDC) gained 8% and Seagate Technology (STX) rose 4%.
4 minutes ago
Due to a stock split, Binance will adjust the contract size of CRWD U-margined perpetual contracts.
According to an official announcement, the underlying asset of the CRWDUSDT perpetual contract will implement a 1-for-4 stock split of its issued Class A shares via a dividend distribution. Consequently, Binance will adjust the contract size of its CRWDUSDT U.S. dollar-margined perpetual contract at 08:00 (UTC+8) on July 2, 2026. The adjustment is projected to be completed by 21:30 (UTC+8) the same day. Post-adjustment, the contract will enter a 5-minute cancel-only phase.
4 minutes ago
CZ: I previously sent a message to Elon Musk to discuss cooperation based on X Money, and received a reply stating that X Money is currently not involved in cryptocurrency.
In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.
4 minutes ago
CZ comments on MicroStrategy: The company’s asset structure is overly complex, but he views Michael Saylor as a "steadfast Bitcoin supporter".
In an interview, CZ stated that Strategy’s preferred stock STRC structure is "too complicated", noting that "it took many attempts to understand STRC". The product relies on Bitcoin as underlying collateral, creating a structural contradiction: while Bitcoin’s long-term appreciation thesis may be valid, its volatility makes it a challenging base for leverage instruments. CZ also emphasized he is not commenting on founder Michael Saylor’s credibility, describing him as a "firm Bitcoin supporter".
4 minutes ago
CZ: Binance’s Greek MiCA license application was nearly approved, but was forced to withdraw due to external factors.
In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.
4 minutes ago
Kraken is set to list the Bittensor subnet Alpha token.
Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.
AI-related US stocks staged a V-shaped reversal, with most recouping their opening losses.
Per Bitget market data, AI-related US stocks staged a V-shaped reversal tonight, with most erasing their post-opening declines. Micron Technology is down 3% after hitting an intraday low of 8%. Marvell Technology (MRVL) turned positive, currently up 0.49% following an over 5% intraday drop. Corning (GLW) and CommScope Holding (CBRS) rallied more than 10%. Storage stocks Western Digital (WDC) gained 8% and Seagate Technology (STX) rose 4%.
4 minutes ago
Due to a stock split, Binance will adjust the contract size of CRWD U-margined perpetual contracts.
According to an official announcement, the underlying asset of the CRWDUSDT perpetual contract will implement a 1-for-4 stock split of its issued Class A shares via a dividend distribution. Consequently, Binance will adjust the contract size of its CRWDUSDT U.S. dollar-margined perpetual contract at 08:00 (UTC+8) on July 2, 2026. The adjustment is projected to be completed by 21:30 (UTC+8) the same day. Post-adjustment, the contract will enter a 5-minute cancel-only phase.
4 minutes ago
CZ: I previously sent a message to Elon Musk to discuss cooperation based on X Money, and received a reply stating that X Money is currently not involved in cryptocurrency.
In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.
4 minutes ago
CZ comments on MicroStrategy: The company’s asset structure is overly complex, but he views Michael Saylor as a "steadfast Bitcoin supporter".
In an interview, CZ stated that Strategy’s preferred stock STRC structure is "too complicated", noting that "it took many attempts to understand STRC". The product relies on Bitcoin as underlying collateral, creating a structural contradiction: while Bitcoin’s long-term appreciation thesis may be valid, its volatility makes it a challenging base for leverage instruments. CZ also emphasized he is not commenting on founder Michael Saylor’s credibility, describing him as a "firm Bitcoin supporter".
4 minutes ago
CZ: Binance’s Greek MiCA license application was nearly approved, but was forced to withdraw due to external factors.
In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.
4 minutes ago
Kraken is set to list the Bittensor subnet Alpha token.
Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.
AI-related US stocks staged a V-shaped reversal, with most recouping their opening losses.
Per Bitget market data, AI-related US stocks staged a V-shaped reversal tonight, with most erasing their post-opening declines. Micron Technology is down 3% after hitting an intraday low of 8%. Marvell Technology (MRVL) turned positive, currently up 0.49% following an over 5% intraday drop. Corning (GLW) and CommScope Holding (CBRS) rallied more than 10%. Storage stocks Western Digital (WDC) gained 8% and Seagate Technology (STX) rose 4%.
4 minutes ago
Due to a stock split, Binance will adjust the contract size of CRWD U-margined perpetual contracts.
According to an official announcement, the underlying asset of the CRWDUSDT perpetual contract will implement a 1-for-4 stock split of its issued Class A shares via a dividend distribution. Consequently, Binance will adjust the contract size of its CRWDUSDT U.S. dollar-margined perpetual contract at 08:00 (UTC+8) on July 2, 2026. The adjustment is projected to be completed by 21:30 (UTC+8) the same day. Post-adjustment, the contract will enter a 5-minute cancel-only phase.
4 minutes ago
CZ: I previously sent a message to Elon Musk to discuss cooperation based on X Money, and received a reply stating that X Money is currently not involved in cryptocurrency.
In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.
4 minutes ago
CZ comments on MicroStrategy: The company’s asset structure is overly complex, but he views Michael Saylor as a "steadfast Bitcoin supporter".
In an interview, CZ stated that Strategy’s preferred stock STRC structure is "too complicated", noting that "it took many attempts to understand STRC". The product relies on Bitcoin as underlying collateral, creating a structural contradiction: while Bitcoin’s long-term appreciation thesis may be valid, its volatility makes it a challenging base for leverage instruments. CZ also emphasized he is not commenting on founder Michael Saylor’s credibility, describing him as a "firm Bitcoin supporter".
4 minutes ago
CZ: Binance’s Greek MiCA license application was nearly approved, but was forced to withdraw due to external factors.
In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.
4 minutes ago
Kraken is set to list the Bittensor subnet Alpha token.
Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.
AI-related US stocks staged a V-shaped reversal, with most recouping their opening losses.
Per Bitget market data, AI-related US stocks staged a V-shaped reversal tonight, with most erasing their post-opening declines. Micron Technology is down 3% after hitting an intraday low of 8%. Marvell Technology (MRVL) turned positive, currently up 0.49% following an over 5% intraday drop. Corning (GLW) and CommScope Holding (CBRS) rallied more than 10%. Storage stocks Western Digital (WDC) gained 8% and Seagate Technology (STX) rose 4%.
4 minutes ago
Due to a stock split, Binance will adjust the contract size of CRWD U-margined perpetual contracts.
According to an official announcement, the underlying asset of the CRWDUSDT perpetual contract will implement a 1-for-4 stock split of its issued Class A shares via a dividend distribution. Consequently, Binance will adjust the contract size of its CRWDUSDT U.S. dollar-margined perpetual contract at 08:00 (UTC+8) on July 2, 2026. The adjustment is projected to be completed by 21:30 (UTC+8) the same day. Post-adjustment, the contract will enter a 5-minute cancel-only phase.
4 minutes ago
CZ: I previously sent a message to Elon Musk to discuss cooperation based on X Money, and received a reply stating that X Money is currently not involved in cryptocurrency.
In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.
4 minutes ago
CZ comments on MicroStrategy: The company’s asset structure is overly complex, but he views Michael Saylor as a "steadfast Bitcoin supporter".
In an interview, CZ stated that Strategy’s preferred stock STRC structure is "too complicated", noting that "it took many attempts to understand STRC". The product relies on Bitcoin as underlying collateral, creating a structural contradiction: while Bitcoin’s long-term appreciation thesis may be valid, its volatility makes it a challenging base for leverage instruments. CZ also emphasized he is not commenting on founder Michael Saylor’s credibility, describing him as a "firm Bitcoin supporter".
4 minutes ago
CZ: Binance’s Greek MiCA license application was nearly approved, but was forced to withdraw due to external factors.
In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.
4 minutes ago
Kraken is set to list the Bittensor subnet Alpha token.
Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.
The decentralized finance sector has endured a tumultuous year, with 121 separate security breaches in 2026 alone leading to losses of nearly $942 million. Industry data points to a notable surge in attack activity, highlighting the persistent vulnerabilities within DeFi protocols. With market participation weakening, investor confidence has been put under significant strain, raising key questions about the industry’s risk management.
Losses accelerate in the second quarterAccording to CryptoRank, the second quarter of 2026 proved to be one of the most devastating periods for the crypto industry. In just three months, approximately $775 million was stolen across 85 distinct attacks. This single quarter accounted for over 80% of all funds lost throughout the year, making it the most intense quarter ever recorded for DeFi exploits.
The data also reveals that the number of incidents surged by 49 attacks compared to the next busiest quarter; however, the total financial damage did not eclipse earlier peak periods. This was primarily due to only two truly large-scale breaches dominating the quarter. Losses related to Drift Protocol and KelpDAO exceeded $590 million, which represented nearly half of all DeFi losses for the year.
CryptoRank underscores that the second quarter alone accounted for more than 80% of annual losses, revealing just how rapidly attack techniques continue to evolve across the DeFi ecosystem.
Drift Protocol and KelpDAO take center stage in major breachesCryptoRank notes that some $285 million in assets was siphoned from Drift Protocol users in a coordinated social engineering attack. Blockchain intelligence firm TRM Labs has linked this breach to hacker groups associated with North Korea. The attackers reportedly convinced members of the Drift Security Council to authorize seemingly routine transactions which secretly conferred elevated permissions to the malicious actors.
Mini glossary: Social engineering is an attack method that exploits human behavior rather than technical flaws. Attackers deceive authorized individuals into approving apparently benign actions, thereby gaining critical system access.
Just weeks later, the infamous Lazarus Group targeted KelpDAO, exploiting a flaw in the LayerZero bridge infrastructure. The hackers made off with around $290 million in rsETH. KelpDAO is known as a DeFi protocol built around re-staked assets.
According to Chainalysis, the perpetrators took control of validator infrastructure, forged cross-chain messages, and managed to mint tokens on Ethereum without burning corresponding assets on Unichain.
Chainalysis explains that the attackers seized the protocol’s validator infrastructure, generated fraudulent cross-chain messages, and bypassed security checks. This opened the door for tokens to be minted on the Ethereum network without destroying equivalent assets on Unichain, creating a critical exploit path.
Mini glossary: LayerZero is an interoperability platform designed to facilitate asset and message transfers between different blockchains. Vulnerabilities in its validation layer can enable fraudulent cross-chain activity.
Total value locked falls as capital flight intensifiesThe uptick in DeFi breaches coincided with already weakening market conditions. CryptoRank observed that the total value locked (TVL) in DeFi declined every month throughout the year, slipping from roughly $115.3 billion in January to just over $70 billion by end-June. Although security lapses were not the only cause, experts suggest the succession of high-profile incidents further accelerated the capital outflows.
The attack on KelpDAO notably increased the pressure in the market. Lending protocol Aave experienced an outflow of around $12 billion in under 24 hours. This sharp withdrawal caused Aave’s TVL to plummet from $26.4 billion to $14.3 billion, underscoring the contagious effect of loss of trust on major protocols.
IndicatorBeforeAfterAnnual TVL$115.3 billionJust over $70 billionAave TVL$26.4 billion$14.3 billionFragmentation grows between blockchain platformsAnalysts stress that current conditions differ markedly from the sector-wide DeFi collapse of 2021 and 2022. CryptoRank emphasizes that there is now broader stablecoin supply, tokenization of real-world assets, and greater diversification of capital into lending, derivatives, and infrastructure layers.
Looking across chain platforms, Tron and Hyperliquid emerged as the only networks to record TVL growth in 2026. In stark contrast, Plasma and Arbitrum saw the sharpest declines, highlighting how sector turbulence is leading to a divergence between different blockchain ecosystems.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hyper Foundation will allocate about $10 million in grants to help builders affected by the USDH sunset. The funding is meant to cover migration and wind-down costs as the Hyperliquid ecosystem moves more trading activity toward USDC.
Summary
Hyper Foundation will fund builders affected by the USDH sunset with about $10m in grants. Eligible teams include HIP-1, HIP-3, HyperEVM protocols, bridges and Native Markets. The grant plan supports a wider move from USDH markets toward deeper USDC liquidity. “Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs,” Wu Blockchain said. The post said eligible recipients include HIP-1 and HIP-3 deployers, HyperEVM protocols, USDH bridges and Native Markets.
Hyper Foundation Allocates $10M in Grants to Support USDH Migration
Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs. Grants will be distributed to eligible HIP-1 and HIP-3… pic.twitter.com/Hwy7ZNwswz
— Wu Blockchain (@WuBlockchain) June 28, 2026 The grants come with a clear deadline. Recipients must complete migrations or orderly shutdowns by the end of July. The plan gives affected builders a limited period to update markets, move liquidity, adjust bridges or close USDH-related services.
Eligible builders face July deadline HIP-1 deployers relate to spot market deployments, while HIP-3 deployers relate to perpetual market deployments. Both groups may need support because USDH served as a quote asset or liquidity route for some products. HyperEVM protocols and USDH bridge operators may also face direct technical changes.
Native Markets is also listed among eligible grant recipients. The firm won the validator vote to issue USDH in September 2025, beating larger bidders such as Paxos, Frax and Ethena. Its plan aimed to return reserve yield to the ecosystem through HYPE buybacks and ecosystem support.
The migration affects users as well as builders. Users holding USDH may need to convert balances, close positions or follow protocol-level migration steps. The officialUSDH migration page says the dashboard supports USDH to USDC and u.s. dollar fiat conversions until July 17, while the USDH/USDC spot order book will remain available.
USDC becomes the main stablecoin route The grant program follows Hyperliquid’s wider move toward USDC. Coinbase became the official USDC treasury deployer on Hyperliquid in May, strengtheningUSDC as the aligned quote asset across the ecosystem. The deal also gave Coinbase the right to purchase USDH brand assets from Native Markets.
“USDH remains fully backed and maintained, with feeless conversions into USDC and fiat for onboarded customers available on dashboard.usdh.com,” Native Markets said. The statement means users still have conversion routes while USDH markets move through the transition.
The shift marks a change from the original USDH strategy. USDH launched to reduce reliance on outside stablecoin issuers and keep more reserve yield inside Hyperliquid. However, two stablecoin systems can split liquidity and add friction for traders. A move back toward USDC may simplify markets and reduce conversion steps.
Migration plan follows earlier stablecoin race The USDH sunset follows a competitive stablecoin race that drew wide attention across DeFi. Hyperliquid validators voted on the USDH ticker after proposals from Native Markets, Paxos, Frax, Agora and other teams.USDH later launched in a USDH/USDC pair and recorded more than $2 million in early trading.
The new grant plan now focuses on cleanup rather than expansion. Builders may need to change collateral settings, update front ends, move liquidity, close markets or support users during withdrawals. The July deadline gives the ecosystem a short window to finish those steps.
For Hyperliquid, the grants may reduce the risk of unfinished integrations and stranded liquidity. They also give builders a financial reason to complete the transition on time. The move shows how stablecoin strategy can change quickly when trading venues balance liquidity depth, user experience and reserve-yield economics.
Hyperliquid’s [HYPE] stablecoin market is becoming increasingly concentrated as liquidity continues shifting toward USD Coin [USDC] instead of the native USDH.
The trend reflects traders’ preference for deeper liquidity and established settlement assets over newer DeFi-native stablecoins.
Hyperliquid Foundation has put out roughly $10 million in grants to assist in migration costs and ensure that each of its protocols continues to run smoothly. Those are HIP-1, HIP-3, HyperEVM protocols, bridges, and native markets.
Source: X In addition, users can swap their USDH for USDC through the same migration paths, reducing friction during the transition.
According to DeFiLlama, USDC now dominates Hyperliquid’s stablecoin liquidity.
In fact, USDC accounts for $5.74 billion of Hyperliquid’s $5.96 billion stablecoin pool. Conversely, USDH holdings have fallen sharply to just $20 million.
Source: DeFiLlama Meanwhile, Tether [USDT] trails at around $155 million. These figures clearly indicate that network effects are supporting the growing dominance of USDC.
This imbalance suggests network effects are reinforcing USDC’s leadership, making it the preferred collateral across spot and perpetual markets. If institutional activity continues expanding, USDC’s dominance could strengthen further.
Otherwise, USDH would require meaningful utility improvements to regain market share.
Protocol activity reinforces HYPE utility That orderly migration is already translating into stronger on-chain activity as Hyperliquid continues expanding around its USDC-first model. The shift did not disrupt the user participation.
It allowed for a sustained level of approximately 6,932 Daily Active Addresses and over 315,000 Daily Transactions, according to DeFiLlama data.
Meanwhile, Perpetual Trading Volume remained near $2.8 billion, reinforcing Hyperliquid’s leadership in on-chain derivatives.
Growing activity also generates Annualized Fee Revenue in the hundreds of millions, creating recurring value for the ecosystem. Those fees increasingly flow into HYPE through staking, priority fees, buybacks, and incentives instead of relying mainly on speculation.
If trading activity and USDC liquidity continue growing together, HYPE’s long-term value capture could strengthen further. Otherwise, slower network activity may gradually reduce revenue growth.
Hyperliquid’s prediction market upgrade, HIP-4, just crossed a milestone that even its most optimistic backers probably didn’t expect this fast. Open interest on the platform reached an all-time high of approximately $24.77M, driven almost entirely by traders betting on who will lift the 2026 FIFA World Cup trophy.
The numbers behind the World Cup frenzy Weekly trading volume on HIP-4 hit $16.32M as of June 11, 2026. Of that, $9.63M, roughly 60%, came from World Cup price prediction markets alone. That represents a 20% increase week-over-week.
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Sports-related markets now account for approximately 99% of all live open interest on HIP-4. Total HIP-4 open interest has since grown to around $51M, with sports OI contributing $49.52M of that figure. The champion market, where traders wager on the outright World Cup winner, is the dominant contract by a wide margin.
France, Argentina, and Spain are attracting the heaviest action. Every position is fully collateralized and settled in stablecoins within the Hyperliquid ecosystem.
What makes HIP-4 different HIP-4 introduced fully collateralized binary outcome markets, meaning every contract resolves to either zero or one. The upgrade launched on Hyperliquid’s mainnet around May 2026, starting with recurring BTC binaries before expanding to the World Cup champion market.
One structural advantage that separates HIP-4 from competitors like Polymarket: it charges zero fees to open positions. Fees only apply when a position is closed or settled.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Investment firm Multicoin Capital has published a detailed valuation report outlining a bullish base-case scenario for Hyperliquid’s native token, HYPE. The analysis projects that HYPE could reach approximately $319 by 2028, implying roughly five times upside from levels near $63 at the time of the report.
According to insights from Multicoin Capital, the forecast rests on expectations that Hyperliquid will generate around $8 billion in annual earnings by 2028 and trade at a 20-times earnings multiple.
At current prices, the token appears to trade at roughly 36 times trailing twelve-month earnings, or about 30 times when factoring in revenue from Hyperliquid’s recent Coinbase and USDC integration.
Multicoin describes Hyperliquid as evolving into a comprehensive “everything exchange” — a fully integrated, always-available on-chain venue that supports perpetual futures, spot trading, and potentially broader asset classes.
This positioning, the firm argues, positions the platform to capture meaningful trading volume and fee revenue from centralized cryptocurrency exchanges (CEXs) that have long dominated derivatives and spot markets.
Hyperliquid has already built substantial momentum in perpetual futures.
It commands a leading share of on-chain derivatives activity and has steadily increased its portion of overall exchange perpetuals volume, recently surpassing 7% of the global total in some measurements.
Its high-throughput custom Layer-1 blockchain enables fast execution, deep liquidity, and on-chain transparency that many traders find attractive compared with traditional centralized platforms.
The report notes that Multicoin has accumulated a large position in HYPE, making it one of the biggest holdings in the firm’s liquid fund.
The team has followed the project since its early days and remains impressed by its execution and growth trajectory.
While the base-case projection is optimistic, Multicoin acknowledges several structural and market risks that could affect long-term outcomes.
These include competition from other decentralized platforms, regulatory developments, execution challenges in expanding product offerings, and broader crypto market volatility.
Despite these caveats, the firm maintains confidence in the token’s upside under its outlined assumptions.
The $319 target would represent a fully diluted valuation of roughly $160 billion at the projected 2028 earnings level.
Multicoin’s analysis applies standard valuation frameworks used across software and financial technology companies, adjusting for the unique characteristics of a decentralized trading venue with native token economics.
Hyperliquid’s growth story reflects more of a broader industry shift toward decentralized infrastructure that offers composability, transparency, and 24/7 global access without counterparty risk from a central operator. If the platform continues expanding beyond perpetuals while maintaining its performance edge, it could further erode market share held by legacy centralized exchanges.
A crypto whale dormant for over a year spent 5,000 SOL to buy PUMP.
Per Lookonchain’s monitoring, a whale address dormant for over a year has resumed buying PUMP tokens, spending 5,000 SOL (about $358,000) to acquire 242.66 million PUMP. More than a year ago, the whale bought 10,957 SOL at an average price of $237 (worth roughly $2.6 million back then) and has since staked the entire amount. Despite earning 1,206 SOL in staking rewards, the sharp drop in SOL’s price means the whale’s total holdings now carry an unrealized loss of over $1.7 million, a loss of approximately 66%.
1 seconds ago
Foreign investors pulled massive capital out of South Korea's stock market, with net sales of KOSPI stocks hitting a new single-day record on Monday.
Foreign investors net sold KOSPI stocks worth 7.7 trillion won (approximately $4.98 billion) on Monday, marking the largest single-day sell-off on record.
1 seconds ago
The A-share semiconductor sector turned higher following South Korean stocks, with Huahai Qingke surging 19.01%.
On Monday morning, the A-share semiconductor sector briefly tracked a pullback in related South Korean stocks. The KOSDAQ index triggered a program trading circuit breaker during intraday trading, with a maximum drop of 3.8%. Chip giants Samsung Electronics and SK Hynix saw sharp opening dips, but the decline was soon halted by news of a new round of expansion in South Korea's storage chip chain. Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung stated that South Korea must push forward with the construction of chip production facilities as soon as possible, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and will allocate at least 30 trillion won over the next 15 years to semiconductor sectors including next-generation memory, edge AI, and defense. In response to the news, South Korea's KOSPI index turned from decline to gain in the afternoon, while related A-share stocks rebounded in tandem. Among them, Huahong Qingke surged 19.01%, Microtech Corporation rose 8.58%, Anji Technology gained 9.46%, Shanghai Silicon Industry climbed 11.30%, Coremax increased 9.06%, and Huace Testing & Control advanced 10.21%.
1 seconds ago
Japan and South Korea's stock markets closed higher.
According to Bitget market data, the Nikkei 225 index closed up 107.23 points on Monday, June 29, with a 0.15% gain, ending at 69,468.11 points, after earlier dropping more than 1%. South Korea’s KOSPI index rose 5.62 points on the same day, a 0.07% increase, closing at 8,416.83 points; the country’s KOSDAQ (its main tech-focused index) gained over 8% in the session. After Samsung and SK unveiled their investment plans, the KOSPI index erased a decline of up to 3.4% to turn positive intraday, while small-cap benchmark KOSDAQ also rebounded.
1 seconds ago
Iran's Deputy Foreign Minister: Convening the First Meeting of the Iran-Oman Joint Commission on the Strait of Hormuz
Iran's Deputy Foreign Minister announced that the first meeting of the Iran-Oman Joint Commission on the Strait of Hormuz was held.
1 seconds ago
Online reports indicate that South Korea’s previously expected aggressive investment of 2000 trillion won has materialized at 800 trillion won, easing market sentiment and triggering a minor rebound in the stock prices of Samsung and SK Hynix.
Hyperinsight’s monitoring shows that South Korea’s semiconductor sector rebounded in the afternoon. The previously-feared 2,000 trillion won investment plan was ultimately realized as a semiconductor project worth around 800 trillion won (approx. $518 billion). This is likely because capital expenditure pressure fell short of some market participants’ expectations, leading to eased risk aversion and narrowed losses. On Hyperliquid, SK Hynix (1H) rebounded by 4.5% at one point, currently quoted at $1,730; Samsung Electronics rose 2%, currently at $214. Currently, the average entry price of long positions for large holders of the two on-chain assets is $1,608 and $217.3 respectively, with Samsung Electronics trading below the moving average of long-position whales.
A crypto whale dormant for over a year spent 5,000 SOL to buy PUMP.
Per Lookonchain’s monitoring, a whale address dormant for over a year has resumed buying PUMP tokens, spending 5,000 SOL (about $358,000) to acquire 242.66 million PUMP. More than a year ago, the whale bought 10,957 SOL at an average price of $237 (worth roughly $2.6 million back then) and has since staked the entire amount. Despite earning 1,206 SOL in staking rewards, the sharp drop in SOL’s price means the whale’s total holdings now carry an unrealized loss of over $1.7 million, a loss of approximately 66%.
1 seconds ago
Foreign investors pulled massive capital out of South Korea's stock market, with net sales of KOSPI stocks hitting a new single-day record on Monday.
Foreign investors net sold KOSPI stocks worth 7.7 trillion won (approximately $4.98 billion) on Monday, marking the largest single-day sell-off on record.
1 seconds ago
The A-share semiconductor sector turned higher following South Korean stocks, with Huahai Qingke surging 19.01%.
On Monday morning, the A-share semiconductor sector briefly tracked a pullback in related South Korean stocks. The KOSDAQ index triggered a program trading circuit breaker during intraday trading, with a maximum drop of 3.8%. Chip giants Samsung Electronics and SK Hynix saw sharp opening dips, but the decline was soon halted by news of a new round of expansion in South Korea's storage chip chain. Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung stated that South Korea must push forward with the construction of chip production facilities as soon as possible, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and will allocate at least 30 trillion won over the next 15 years to semiconductor sectors including next-generation memory, edge AI, and defense. In response to the news, South Korea's KOSPI index turned from decline to gain in the afternoon, while related A-share stocks rebounded in tandem. Among them, Huahong Qingke surged 19.01%, Microtech Corporation rose 8.58%, Anji Technology gained 9.46%, Shanghai Silicon Industry climbed 11.30%, Coremax increased 9.06%, and Huace Testing & Control advanced 10.21%.
1 seconds ago
Japan and South Korea's stock markets closed higher.
According to Bitget market data, the Nikkei 225 index closed up 107.23 points on Monday, June 29, with a 0.15% gain, ending at 69,468.11 points, after earlier dropping more than 1%. South Korea’s KOSPI index rose 5.62 points on the same day, a 0.07% increase, closing at 8,416.83 points; the country’s KOSDAQ (its main tech-focused index) gained over 8% in the session. After Samsung and SK unveiled their investment plans, the KOSPI index erased a decline of up to 3.4% to turn positive intraday, while small-cap benchmark KOSDAQ also rebounded.
1 seconds ago
Iran's Deputy Foreign Minister: Convening the First Meeting of the Iran-Oman Joint Commission on the Strait of Hormuz
Iran's Deputy Foreign Minister announced that the first meeting of the Iran-Oman Joint Commission on the Strait of Hormuz was held.
1 seconds ago
Online reports indicate that South Korea’s previously expected aggressive investment of 2000 trillion won has materialized at 800 trillion won, easing market sentiment and triggering a minor rebound in the stock prices of Samsung and SK Hynix.
Hyperinsight’s monitoring shows that South Korea’s semiconductor sector rebounded in the afternoon. The previously-feared 2,000 trillion won investment plan was ultimately realized as a semiconductor project worth around 800 trillion won (approx. $518 billion). This is likely because capital expenditure pressure fell short of some market participants’ expectations, leading to eased risk aversion and narrowed losses. On Hyperliquid, SK Hynix (1H) rebounded by 4.5% at one point, currently quoted at $1,730; Samsung Electronics rose 2%, currently at $214. Currently, the average entry price of long positions for large holders of the two on-chain assets is $1,608 and $217.3 respectively, with Samsung Electronics trading below the moving average of long-position whales.
Hyper Foundation has announced a grant program worth approximately $10 million to support builders caught up in the wind-down of its USDH stablecoin. The grant program targets builders who built on top of USDH and now need to either migrate their projects to USDC or wind them down in an orderly fashion. The fund is designed to cover migration expenses or help projects shut down cleanly, with a deadline of end of July 2026.
Who Qualifies and How Grants Are Calculated Eligible recipients include HIP-1 spot deployers, HIP-3 perpetual deployers, HyperEVM protocols, dedicated USDH:USDC bridge operators, and Native Markets. The grants fall into two categories: migration grants support teams replacing USDH with USDC, while wind-down grants assist projects ending USDH-related operations. Wind-down grants will be smaller than migration grants, as teams that opt to move have more technical work and require extra resources.
Grant amounts for HIP-1 and HIP-3 participants are determined by the costs of deployment via auction, while grants to HyperEVM protocols are based on the amount of USDH total value locked impacted by the sunset. All eligible recipients have been reached out to and have started the transition process, the Foundation said. To smooth the transition for everyday users, feeless conversion paths to USDC are being made available, with bridges like Across on HyperEVM allowing traders to swap their USDH holdings for USDC without incurring transaction costs during the changeover period.
Why USDH Is Being Phased Out USDH is being phased out just seven months after its debut. Launched in September 2025 by Native Markets following a competitive governance vote, it was designed as a Hyperliquid-native, yield-generating dollar-pegged asset to reduce reliance on external stablecoins and redirect revenue back to $HYPE token holders. However, total stablecoins on Hyperliquid's L1 reached $5.31 billion, with USDC accounting for $4.97 billion (93.7%), while USDH held just $91.5 million (1.73%) and was shrinking.
Coinbase has since become Hyperliquid's official treasury deployer for USDC as an aligned quote asset (AQA), with USDH set to sunset over time as USDC expands its role within the ecosystem. As part of the transition, Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. Half of the prior USDH reserve yield is being routed to $HYPE buybacks through the Assistance Fund, meaning the reserves that once backed USDH are partially being recycled into supporting the platform's native token on the way out.
Sources:
Crypto Briefing: Hyper Foundation allocates $10M in grants to ease USDH stablecoin shutdown
Live Bitcoin News: Hyperliquid Rolls Out $10M Grant Initiative for Builders
A crypto whale dormant for over a year spent 5,000 SOL to buy PUMP.
Per Lookonchain’s monitoring, a whale address dormant for over a year has resumed buying PUMP tokens, spending 5,000 SOL (about $358,000) to acquire 242.66 million PUMP. More than a year ago, the whale bought 10,957 SOL at an average price of $237 (worth roughly $2.6 million back then) and has since staked the entire amount. Despite earning 1,206 SOL in staking rewards, the sharp drop in SOL’s price means the whale’s total holdings now carry an unrealized loss of over $1.7 million, a loss of approximately 66%.
1 seconds ago
Foreign investors pulled massive capital out of South Korea's stock market, with net sales of KOSPI stocks hitting a new single-day record on Monday.
Foreign investors net sold KOSPI stocks worth 7.7 trillion won (approximately $4.98 billion) on Monday, marking the largest single-day sell-off on record.
1 seconds ago
The A-share semiconductor sector turned higher following South Korean stocks, with Huahai Qingke surging 19.01%.
On Monday morning, the A-share semiconductor sector briefly tracked a pullback in related South Korean stocks. The KOSDAQ index triggered a program trading circuit breaker during intraday trading, with a maximum drop of 3.8%. Chip giants Samsung Electronics and SK Hynix saw sharp opening dips, but the decline was soon halted by news of a new round of expansion in South Korea's storage chip chain. Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung stated that South Korea must push forward with the construction of chip production facilities as soon as possible, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and will allocate at least 30 trillion won over the next 15 years to semiconductor sectors including next-generation memory, edge AI, and defense. In response to the news, South Korea's KOSPI index turned from decline to gain in the afternoon, while related A-share stocks rebounded in tandem. Among them, Huahong Qingke surged 19.01%, Microtech Corporation rose 8.58%, Anji Technology gained 9.46%, Shanghai Silicon Industry climbed 11.30%, Coremax increased 9.06%, and Huace Testing & Control advanced 10.21%.
1 seconds ago
Japan and South Korea's stock markets closed higher.
According to Bitget market data, the Nikkei 225 index closed up 107.23 points on Monday, June 29, with a 0.15% gain, ending at 69,468.11 points, after earlier dropping more than 1%. South Korea’s KOSPI index rose 5.62 points on the same day, a 0.07% increase, closing at 8,416.83 points; the country’s KOSDAQ (its main tech-focused index) gained over 8% in the session. After Samsung and SK unveiled their investment plans, the KOSPI index erased a decline of up to 3.4% to turn positive intraday, while small-cap benchmark KOSDAQ also rebounded.
1 seconds ago
Iran's Deputy Foreign Minister: Convening the First Meeting of the Iran-Oman Joint Commission on the Strait of Hormuz
Iran's Deputy Foreign Minister announced that the first meeting of the Iran-Oman Joint Commission on the Strait of Hormuz was held.
1 seconds ago
Online reports indicate that South Korea’s previously expected aggressive investment of 2000 trillion won has materialized at 800 trillion won, easing market sentiment and triggering a minor rebound in the stock prices of Samsung and SK Hynix.
Hyperinsight’s monitoring shows that South Korea’s semiconductor sector rebounded in the afternoon. The previously-feared 2,000 trillion won investment plan was ultimately realized as a semiconductor project worth around 800 trillion won (approx. $518 billion). This is likely because capital expenditure pressure fell short of some market participants’ expectations, leading to eased risk aversion and narrowed losses. On Hyperliquid, SK Hynix (1H) rebounded by 4.5% at one point, currently quoted at $1,730; Samsung Electronics rose 2%, currently at $214. Currently, the average entry price of long positions for large holders of the two on-chain assets is $1,608 and $217.3 respectively, with Samsung Electronics trading below the moving average of long-position whales.
A crypto whale dormant for over a year spent 5,000 SOL to buy PUMP.
Per Lookonchain’s monitoring, a whale address dormant for over a year has resumed buying PUMP tokens, spending 5,000 SOL (about $358,000) to acquire 242.66 million PUMP. More than a year ago, the whale bought 10,957 SOL at an average price of $237 (worth roughly $2.6 million back then) and has since staked the entire amount. Despite earning 1,206 SOL in staking rewards, the sharp drop in SOL’s price means the whale’s total holdings now carry an unrealized loss of over $1.7 million, a loss of approximately 66%.
1 seconds ago
Foreign investors pulled massive capital out of South Korea's stock market, with net sales of KOSPI stocks hitting a new single-day record on Monday.
Foreign investors net sold KOSPI stocks worth 7.7 trillion won (approximately $4.98 billion) on Monday, marking the largest single-day sell-off on record.
1 seconds ago
The A-share semiconductor sector turned higher following South Korean stocks, with Huahai Qingke surging 19.01%.
On Monday morning, the A-share semiconductor sector briefly tracked a pullback in related South Korean stocks. The KOSDAQ index triggered a program trading circuit breaker during intraday trading, with a maximum drop of 3.8%. Chip giants Samsung Electronics and SK Hynix saw sharp opening dips, but the decline was soon halted by news of a new round of expansion in South Korea's storage chip chain. Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung stated that South Korea must push forward with the construction of chip production facilities as soon as possible, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and will allocate at least 30 trillion won over the next 15 years to semiconductor sectors including next-generation memory, edge AI, and defense. In response to the news, South Korea's KOSPI index turned from decline to gain in the afternoon, while related A-share stocks rebounded in tandem. Among them, Huahong Qingke surged 19.01%, Microtech Corporation rose 8.58%, Anji Technology gained 9.46%, Shanghai Silicon Industry climbed 11.30%, Coremax increased 9.06%, and Huace Testing & Control advanced 10.21%.
1 seconds ago
Japan and South Korea's stock markets closed higher.
According to Bitget market data, the Nikkei 225 index closed up 107.23 points on Monday, June 29, with a 0.15% gain, ending at 69,468.11 points, after earlier dropping more than 1%. South Korea’s KOSPI index rose 5.62 points on the same day, a 0.07% increase, closing at 8,416.83 points; the country’s KOSDAQ (its main tech-focused index) gained over 8% in the session. After Samsung and SK unveiled their investment plans, the KOSPI index erased a decline of up to 3.4% to turn positive intraday, while small-cap benchmark KOSDAQ also rebounded.
1 seconds ago
Iran's Deputy Foreign Minister: Convening the First Meeting of the Iran-Oman Joint Commission on the Strait of Hormuz
Iran's Deputy Foreign Minister announced that the first meeting of the Iran-Oman Joint Commission on the Strait of Hormuz was held.
1 seconds ago
Online reports indicate that South Korea’s previously expected aggressive investment of 2000 trillion won has materialized at 800 trillion won, easing market sentiment and triggering a minor rebound in the stock prices of Samsung and SK Hynix.
Hyperinsight’s monitoring shows that South Korea’s semiconductor sector rebounded in the afternoon. The previously-feared 2,000 trillion won investment plan was ultimately realized as a semiconductor project worth around 800 trillion won (approx. $518 billion). This is likely because capital expenditure pressure fell short of some market participants’ expectations, leading to eased risk aversion and narrowed losses. On Hyperliquid, SK Hynix (1H) rebounded by 4.5% at one point, currently quoted at $1,730; Samsung Electronics rose 2%, currently at $214. Currently, the average entry price of long positions for large holders of the two on-chain assets is $1,608 and $217.3 respectively, with Samsung Electronics trading below the moving average of long-position whales.
A crypto whale dormant for over a year spent 5,000 SOL to buy PUMP.
Per Lookonchain’s monitoring, a whale address dormant for over a year has resumed buying PUMP tokens, spending 5,000 SOL (about $358,000) to acquire 242.66 million PUMP. More than a year ago, the whale bought 10,957 SOL at an average price of $237 (worth roughly $2.6 million back then) and has since staked the entire amount. Despite earning 1,206 SOL in staking rewards, the sharp drop in SOL’s price means the whale’s total holdings now carry an unrealized loss of over $1.7 million, a loss of approximately 66%.
1 seconds ago
Foreign investors pulled massive capital out of South Korea's stock market, with net sales of KOSPI stocks hitting a new single-day record on Monday.
Foreign investors net sold KOSPI stocks worth 7.7 trillion won (approximately $4.98 billion) on Monday, marking the largest single-day sell-off on record.
1 seconds ago
The A-share semiconductor sector turned higher following South Korean stocks, with Huahai Qingke surging 19.01%.
On Monday morning, the A-share semiconductor sector briefly tracked a pullback in related South Korean stocks. The KOSDAQ index triggered a program trading circuit breaker during intraday trading, with a maximum drop of 3.8%. Chip giants Samsung Electronics and SK Hynix saw sharp opening dips, but the decline was soon halted by news of a new round of expansion in South Korea's storage chip chain. Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung stated that South Korea must push forward with the construction of chip production facilities as soon as possible, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and will allocate at least 30 trillion won over the next 15 years to semiconductor sectors including next-generation memory, edge AI, and defense. In response to the news, South Korea's KOSPI index turned from decline to gain in the afternoon, while related A-share stocks rebounded in tandem. Among them, Huahong Qingke surged 19.01%, Microtech Corporation rose 8.58%, Anji Technology gained 9.46%, Shanghai Silicon Industry climbed 11.30%, Coremax increased 9.06%, and Huace Testing & Control advanced 10.21%.
1 seconds ago
Japan and South Korea's stock markets closed higher.
According to Bitget market data, the Nikkei 225 index closed up 107.23 points on Monday, June 29, with a 0.15% gain, ending at 69,468.11 points, after earlier dropping more than 1%. South Korea’s KOSPI index rose 5.62 points on the same day, a 0.07% increase, closing at 8,416.83 points; the country’s KOSDAQ (its main tech-focused index) gained over 8% in the session. After Samsung and SK unveiled their investment plans, the KOSPI index erased a decline of up to 3.4% to turn positive intraday, while small-cap benchmark KOSDAQ also rebounded.
1 seconds ago
Iran's Deputy Foreign Minister: Convening the First Meeting of the Iran-Oman Joint Commission on the Strait of Hormuz
Iran's Deputy Foreign Minister announced that the first meeting of the Iran-Oman Joint Commission on the Strait of Hormuz was held.
1 seconds ago
Recently, over 550,000 Bitcoin have flowed into deposit addresses of Binance and OKX, marking a new high since the 2023 bear market.
Crypto Quant analyst Darkfost noted in a post that as Bitcoin recently dipped below $60,000 again, a large number of investors have transferred their Bitcoin to exchanges. Data shows more than 220,000 BTC flowed into deposit addresses linked to Binance’s hot wallet, and over 330,000 BTC entered OKX-related deposit addresses, totaling over 550,000 BTC—marking the largest such inflow this year and the highest level since the 2023 bear market. Typically, when users plan to sell Bitcoin, they first transfer funds to deposit addresses before aggregating them into the exchange’s operational wallet. As such, this massive inflow reflects panic among some investors after Bitcoin tested the $60,000 threshold, with increased potential selling pressure. However, the data does not mean all these BTC have been sold; it only signals a rise in exchanges’ selling willingness.
Foreign investors pulled massive capital out of South Korea's stock market, with net sales of KOSPI stocks hitting a new single-day record on Monday.
Foreign investors net sold KOSPI stocks worth 7.7 trillion won (approximately $4.98 billion) on Monday, marking the largest single-day sell-off on record.
1 seconds ago
The A-share semiconductor sector turned higher following South Korean stocks, with Huahai Qingke surging 19.01%.
On Monday morning, the A-share semiconductor sector briefly tracked a pullback in related South Korean stocks. The KOSDAQ index triggered a program trading circuit breaker during intraday trading, with a maximum drop of 3.8%. Chip giants Samsung Electronics and SK Hynix saw sharp opening dips, but the decline was soon halted by news of a new round of expansion in South Korea's storage chip chain. Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung stated that South Korea must push forward with the construction of chip production facilities as soon as possible, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and will allocate at least 30 trillion won over the next 15 years to semiconductor sectors including next-generation memory, edge AI, and defense. In response to the news, South Korea's KOSPI index turned from decline to gain in the afternoon, while related A-share stocks rebounded in tandem. Among them, Huahong Qingke surged 19.01%, Microtech Corporation rose 8.58%, Anji Technology gained 9.46%, Shanghai Silicon Industry climbed 11.30%, Coremax increased 9.06%, and Huace Testing & Control advanced 10.21%.
1 seconds ago
Japan and South Korea's stock markets closed higher.
According to Bitget market data, the Nikkei 225 index closed up 107.23 points on Monday, June 29, with a 0.15% gain, ending at 69,468.11 points, after earlier dropping more than 1%. South Korea’s KOSPI index rose 5.62 points on the same day, a 0.07% increase, closing at 8,416.83 points; the country’s KOSDAQ (its main tech-focused index) gained over 8% in the session. After Samsung and SK unveiled their investment plans, the KOSPI index erased a decline of up to 3.4% to turn positive intraday, while small-cap benchmark KOSDAQ also rebounded.
1 seconds ago
Iran's Deputy Foreign Minister: Convening the First Meeting of the Iran-Oman Joint Commission on the Strait of Hormuz
Iran's Deputy Foreign Minister announced that the first meeting of the Iran-Oman Joint Commission on the Strait of Hormuz was held.
1 seconds ago
Online reports indicate that South Korea’s previously expected aggressive investment of 2000 trillion won has materialized at 800 trillion won, easing market sentiment and triggering a minor rebound in the stock prices of Samsung and SK Hynix.
Hyperinsight’s monitoring shows that South Korea’s semiconductor sector rebounded in the afternoon. The previously-feared 2,000 trillion won investment plan was ultimately realized as a semiconductor project worth around 800 trillion won (approx. $518 billion). This is likely because capital expenditure pressure fell short of some market participants’ expectations, leading to eased risk aversion and narrowed losses. On Hyperliquid, SK Hynix (1H) rebounded by 4.5% at one point, currently quoted at $1,730; Samsung Electronics rose 2%, currently at $214. Currently, the average entry price of long positions for large holders of the two on-chain assets is $1,608 and $217.3 respectively, with Samsung Electronics trading below the moving average of long-position whales.
1 seconds ago
Recently, over 550,000 Bitcoin have flowed into deposit addresses of Binance and OKX, marking a new high since the 2023 bear market.
Crypto Quant analyst Darkfost noted in a post that as Bitcoin recently dipped below $60,000 again, a large number of investors have transferred their Bitcoin to exchanges. Data shows more than 220,000 BTC flowed into deposit addresses linked to Binance’s hot wallet, and over 330,000 BTC entered OKX-related deposit addresses, totaling over 550,000 BTC—marking the largest such inflow this year and the highest level since the 2023 bear market. Typically, when users plan to sell Bitcoin, they first transfer funds to deposit addresses before aggregating them into the exchange’s operational wallet. As such, this massive inflow reflects panic among some investors after Bitcoin tested the $60,000 threshold, with increased potential selling pressure. However, the data does not mean all these BTC have been sold; it only signals a rise in exchanges’ selling willingness.
On-chain records were reported as showing Machi Big Brother liquidating BAYC-related assets to defend leveraged ETH exposure. The discovery pack described the activity as linked to Hyperliquid ETH long positions. Risk note: Do not speculate on personal finances or make claims beyond visible wallet and position data. https://x.com/AlexBayarchyk/status/2071105539686158804
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Nft sales and leveraged eth exposure show how quickly margin stress can become visible on-chain On-Chain Data Tracks Machi Big Brother ETH Leverage Defense on Hyperliquid is a timely crypto-market story because it gives readers a clear signal to watch without leaning on hype or unsupported price targets.
The important point is not just the headline number or technical level. It is the way that signal fits into the wider market: liquidity is thinner, Bitcoin direction is fragile, and traders are paying closer attention to flows, wallet activity, derivatives positioning, and official ecosystem updates.
What the verified setup shows On-chain records were reported as showing Machi Big Brother liquidating BAYC-related assets to defend leveraged ETH exposure. The discovery pack described the activity as linked to Hyperliquid ETH long positions.
The article must rely only on visible wallet, NFT-market, and position data.
That makes this a useful setup for readers who want to understand what is actually changing beneath the surface. It also helps separate measurable market data from the more speculative narratives that often appear during volatile weekends.
Why this matters for the market For Machi Big Brother ETH, the signal matters because it offers a specific lens for the current market rather than a vague bullish or bearish call. In a weak or uncertain tape, traders tend to focus on the data points that can be checked directly: flows, wallet routes, support zones, funding, moving averages, official technical updates, or security disclosures.
This is especially important in the current environment. Bitcoin has been trading near important support, altcoins remain sensitive to broader risk appetite, and institutional or on-chain activity can quickly become part of the market narrative.
What traders should avoid assuming Do not speculate on personal finances or make claims beyond visible wallet and position data.
That caution matters because many of these signals can be misread. ETF outflows do not automatically mean permanent institutional retreat. Wallet transfers do not automatically mean selling. Technical support does not guarantee a bounce. Developer updates do not immediately translate into price action.
What to verify next The next validation path is: OpenSea/Blur NFT trading records, Etherscan and Hyperliquid public position data. This is the key step before treating the setup as anything more than a developing market or ecosystem signal.
Leveraged position metrics can change rapidly and should be checked immediately before upload.
This report is based on publicly available on-chain and market data.
This article was written by the News Desk and edited by Samuel Rae.
Hyper Foundation is putting $10 million on the table to help developers and protocols navigate the death of USDH, the stablecoin that once served as the backbone of Hyperliquid’s trading ecosystem.
The grant program, announced on June 28, targets builders who built on top of USDH and now need to either migrate their projects to USDC or wind them down in an orderly fashion. The deadline: end of July 2026.
Who gets the money and what they need to do The $10 million isn’t a general-purpose slush fund. It’s targeted at specific categories of ecosystem participants who are most directly affected by USDH going dark.
Eligible recipients include deployers under HIP-1 and HIP-3, which are Hyperliquid’s frameworks for listing and managing assets on the platform. HyperEVM protocols, USDH:USDC bridges, and Native Markets, the actual issuer of USDH, are also on the list.
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To smooth the transition for everyday users, feeless conversion paths to USDC are being made available. Bridges like Across on HyperEVM allow traders to swap their USDH holdings for USDC without eating transaction costs during the changeover period. USDH markets on HyperCore have already completed settlements, meaning the order books are effectively closed and the swap infrastructure is the primary exit route.
Why Hyperliquid is ditching its own stablecoin Hyperliquid launched as a high-performance Layer 1 blockchain purpose-built for perpetual futures and spot trading. USDH was its native stablecoin, the default unit of account for the platform’s trading pairs.
The pivot toward USDC as the canonical stablecoin on Hyperliquid has been in motion since 2025, when community proposals and planned auctions for the USDH ticker first signaled the direction of travel. By mid-2026, the decision was fully baked.
The financial mechanics of the wind-down reveal some interesting details about how USDH was structured. Half of the prior USDH reserve yield is being routed to HYPE buybacks through the Assistance Fund. In other words, the reserves that once backed USDH are partially being recycled into supporting the platform’s native token on the way out.
And the unwinding is already having ripple effects. Hyperion DeFi withdrew approximately 800,000 HYPE, worth roughly $28.7 million, on June 8 after ending its USDH-related contracts.
What this means for investors For traders currently active on Hyperliquid, the immediate concern is practical: make sure any USDH holdings are converted before the July deadline. The feeless bridges exist precisely for this purpose.
The Hyperion DeFi withdrawal of $28.7 million in HYPE tokens is worth monitoring for anyone holding the native token. Large-scale unwinding of USDH-related positions could create selling pressure on HYPE in the short term, even as the reserve yield buyback mechanism works in the opposite direction.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitwise brutally strengthens its crypto bet on Hyperliquid. The asset manager transferred 1.775 million HYPE tokens to the protocol before staking them. The operation, estimated at around 114 million dollars, accompanies the rise of its Hyperliquid spot ETF launched in May.
In brief Bitwise placed 1.775 million HYPE in staking. The crypto operation amounts to about 114 million dollars. The BHYP ETF strengthens institutional demand around Hyperliquid. Bitwise deposited 1.775 million HYPE on Hyperliquid, then committed all the tokens to staking. This position confirms the interest already shown by the manager for an asset he recently judged undervalued on the market.
At the price taken during the transaction, the tokens represented roughly 114 million dollars. This is therefore no longer a simple institutional test. Bitwise is establishing massive exposure on one of the main decentralized crypto derivatives platforms.
Staking also reduces the amount of HYPE immediately available on the market. When large holders lock their tokens, the liquid supply can contract. This mechanism however does not guarantee an automatic price increase. The economic model of Hyperliquid plays a central role in this operation. Staking rewards are not only based on the issuance of new tokens. They are notably supported by the activity and revenue generated by the protocol.
Bitwise is thus exposed to two crypto variables. The first remains the price of HYPE. The second depends on Hyperliquid’s level of use, notably the volume handled on its decentralized markets. This structure makes the bet more strategic than a classic purchase. If the activity grows, the protocol’s revenues can reinforce staking interest. Conversely, a drop in volumes would reduce the position’s economic attractiveness.
Hyperliquid quickly established itself in derivatives trading. The platform now competes with several major centralized venues on certain indicators, while retaining a largely on-chain architecture.
The BHYP ETF fuels crypto accumulation The operation follows the launch of the Bitwise Hyperliquid ETF, listed under the symbol BHYP. This product gives investors exposure to HYPE without forcing them to directly manage a crypto portfolio or technical staking constraints.
The fund also seeks to capture rewards thanks to the tokens held. This design distinguishes BHYP from an ETF that would merely passively track the price of an asset. Bitwise wants to combine market exposure and on-chain yield.
The manager also dedicates part of its revenue to buying and staking HYPE. Fund growth can therefore feed new demand for the token. The more assets managed increase, the larger this mechanism can grow.
This dynamic explains why the Hyperliquid ETF now occupies an important place in Bitwise’s crypto strategy. The manager no longer only bets on Bitcoin or Ethereum. It also seeks to capture growth from younger infrastructures.
Hyperliquid attracts institutional finance Bitwise is not alone in this field. Other managers have also sought to launch products linked to HYPE. This competition shows Hyperliquid has exceeded its status as a platform reserved for specialized traders.
The arrival of regulated funds can create a new source of demand. A few tens of millions of dollars represent little at the scale of traditional finance, but a lot for a token whose liquid supply remains limited. This concentration carries risks though. If ETFs accumulate a large share of available HYPE, their purchases can support the price. But their sales could also amplify a correction during massive exits.
Staking adds another level of dependency. Bitwise must monitor the protocol’s operation, validators, technical risks, and the network’s rule evolution. Institutional exposure does not remove crypto’s inherent vulnerabilities.
The 114 million dollar investment thus remains a strong signal, but not a guarantee. It confirms that Hyperliquid is entering a new phase, driven by ETFs, staking, and institutional capital. The battle for exposure to HYPE is probably just beginning, while the token aims higher in the crypto hierarchy.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Hyperliquid has overtaken S.A.N.T.A in 24-hour revenue generation, marking another data point in the ongoing battle between competing memecoin infrastructure models.
The platform, which runs its own Layer-1 blockchain purpose-built for perpetual futures trading, has turned itself into one of DeFi’s most efficient revenue engines. Cumulative revenue has surpassed $1 billion, reaching roughly $1.027 billion according to DefiLlama data.
The revenue flywheel that keeps spinning Hyperliquid captures trading fees and funnels them into what it calls an Assistance Fund. That fund exists primarily for one purpose: regular buybacks of HYPE, the platform’s native token. Up to 97% of fees get redistributed into these buybacks.
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Annualized revenue run rates currently sit between $676 million and $843 million. Hyperliquid has at times generated more revenue than Ethereum. The platform operates without venture capital funding and runs a minimal team.
S.A.N.T.A and the transparency question Public information about S.A.N.T.A’s operations, revenue metrics, and overall business model remains difficult to verify independently. There are no public sources confirming the operational functionality or revenue claims of S.A.N.T.A as related to Hyperliquid.
Hyperliquid’s revenue figures are trackable through DefiLlama and other on-chain analytics tools.
What this means for investors Hyperliquid’s perpetual futures focus gives it a structural advantage. Perps are the most traded instrument in crypto, often generating multiples of spot trading volume.
The HYPE buyback mechanism, funded by up to 97% of fees, creates consistent demand pressure on the token. The 97% redistribution rate also leaves very little cushion for building reserves or funding development during lean periods.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR:Hyper Foundation Unveils $10M USDH Migration Grant ProgramUSDH Holders Receive Migration Options as Ecosystem Shifts to USDC Hyper Foundation committed about $10 million to support USDH migration across affected ecosystem projects. Eligible builders must complete migration or orderly shutdown activities before the end of July deadline. USDH holders can swap tokens for USDC through supported HyperCore and HyperEVM migration pathways. Grant allocations depend on deployment costs or affected USDH total value locked across supported protocols. Hyper Foundation has introduced a grant program worth approximately $10 million to support projects affected by the USDH sunset. The initiative targets builders migrating away from the stablecoin or winding down USDH-dependent services before the end of July.
Eligible teams have already been contacted as the network moves through an organized transition process. The funding aims to reduce migration costs while helping maintain continuity across the Hyper ecosystem.
Hyper Foundation said the grants will support builders whose products relied on USDH before its retirement. According to the foundation, eligible recipients include HIP-1 spot deployers, HIP-3 perpetual deployers, HyperEVM protocols, dedicated USDH: USDC bridge operators, and Native Markets.
The grants fall into two categories. Migration grants support teams replacing USDH with USDC, while wind-down grants assist projects ending USDH-related operations. The foundation noted that wind-down grants remain smaller than equivalent migration awards.
According to Hyper Foundation, every recipient has committed to completing migration or orderly shutdown activities before the end of July. The program seeks to minimize disruption while encouraging structured transitions across supported applications.
Grant calculations also differ between ecosystem participants. HIP-1 and HIP-3 recipients receive allocations based on auction deployment costs, while HyperEVM protocol grants depend on the amount of USDH total value locked affected by the sunset.
USDH Holders Receive Migration Options as Ecosystem Shifts to USDC Hyper Foundation also outlined the migration process for users holding USDH. The organization encouraged users to follow instructions directly from the protocols where their assets remain deployed.
Users can exchange USDH for USDC through the HyperCore spot order book. The foundation also confirmed that HyperEVM users can swap USDH for USDC at a one-to-one ratio through Across without paying transaction fees.
Hyper Foundation Allocates $10M in Grants to Support USDH Migration
Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs. Grants will be distributed to eligible HIP-1 and HIP-3… pic.twitter.com/Hwy7ZNwswz
— Wu Blockchain (@WuBlockchain) June 28, 2026
Wu Blockchain highlighted the announcement shortly after the grant program became public. The report noted that the funding package covers both migration expenses and wind-down costs for affected ecosystem participants.
Hyper Foundation also acknowledged the contribution of builders, users, and Native Markets throughout the USDH rollout. The organization credited community participation and direct coordination with helping the migration process progress smoothly during the transition period.
Key Takeaways HYPE is currently valued near $62 with a multi-billion dollar market capitalization Baseline scenario projects $100–$160, valuing HYPE as a decentralized exchange token Optimistic scenario envisions $250–$400 if Hyperliquid dominates on-chain derivatives trading Pessimistic scenario suggests $20–$35 amid competitive pressures, security incidents, and token dilution Weighted probability analysis points to approximately $145 by the year 2031 Hyperliquid stands out in a crowded cryptocurrency landscape by delivering tangible results. Unlike countless projects built purely on speculation, Hyperliquid has secured more than 40% of the decentralized perpetual futures market by mid-2026. This represents genuine market dominance backed by data.
Hyperliquid (HYPE) Price Currently trading near $62, HYPE’s valuation fundamentally depends on transaction volume, fee generation, and platform liquidity rather than empty promises.
The protocol handled transaction volumes in the hundreds of billions throughout the first quarter of 2026, with daily figures consistently reaching into the billions. These metrics mirror those of established centralized exchanges.
$600 $HYPE sounds crazy… until you look at the fundamentals.
My bull case:
• Monopoly position in DEX perps
• $1m + daily revenue sustained for 3 years
• New products increasing user retention
• Flips $SOL by market cap by 2027.
• Crypto enters another major bull cycle in… pic.twitter.com/szVXQgAuu7
— Lochie (@lochie_sol) June 27, 2026
This performance explains why market observers increasingly compare HYPE’s valuation framework to traditional exchange tokens rather than standard Layer 1 blockchain assets.
Baseline Projection: $100 to $160 Range The baseline forecast assumes Hyperliquid maintains its leadership position within decentralized perpetuals throughout the coming half-decade.
This scenario requires continued migration of traders toward on-chain platforms, sustained growth in cryptocurrency derivatives markets, and Hyperliquid’s ability to defend its market share. A valuation range of $100 to $160 would translate to a fully diluted market cap between $100 billion and $160 billion, calculated against the maximum token supply of 1 billion HYPE.
While ambitious, these valuations become reasonable if Hyperliquid evolves into essential infrastructure for cryptocurrency trading.
Reuters coverage indicates that cryptocurrency exchanges are positioning themselves for expanded U.S. perpetual futures offerings as regulatory frameworks crystallize. This regulatory shift could significantly expand Hyperliquid’s addressable market.
Optimistic and Pessimistic Scenarios The optimistic projection places HYPE between $250 and $400. Achieving this requires Hyperliquid to dominate decentralized derivatives, successfully launch spot trading markets, attract significant institutional capital, and transform into a comprehensive on-chain financial infrastructure.
This scenario demands multiple favorable outcomes aligning simultaneously.
The pessimistic forecast settles between $20 and $35. Trading platform markets are intensely competitive. Centralized exchanges, dYdX, GMX, Solana ecosystem protocols, and emerging perpetual DEXs all compete for identical liquidity pools.
Security vulnerabilities represent substantial threats. The Financial Times documented a $280 million security breach at Drift, a rival decentralized derivatives platform. Such incidents can undermine confidence across the entire sector.
Token supply expansion creates additional downward pressure. The current circulating supply represents only a fraction of the 1 billion maximum HYPE tokens. Future unlock events occurring during periods of weak demand could significantly depress prices.
The probability-adjusted five-year projection estimates approximately $145 by 2031.
Hyperliquid commands over 40% of decentralized perpetual futures volume as of mid-2026, with daily trading consistently reaching billions of dollars.
Thursday was particularly positive days for the spot ETFs tracking Hyperliquid's token.
The evident divergence in how ETF investors behave toward the largest cryptocurrencies by market cap continues. The past week saw some record-setting withdrawals from the BTC funds, but those following HYPE and XRP have maintained their green dominance.
At the same time, the SOL funds have turned red after the previous week’s positive performance.
XRP and HYPE Still Dominate CryptoPotato reported last week that the spot ETFs tracking HYPE, XRP, and SOL defied the trend set by the two largest digital assets and attracted notable capital. The trend extended in the past week for two of those assets, and one day was particularly positive for the HYPE funds.
Data from SoSoValue reveals that Thursday stands out with just over $108 million in net inflows, making it by far the best single-day performance from the funds. With a lot more modest $1.46 million on Tuesday and $1.82 million on Friday, the week ended with $111.36 million in net inflows. It also set the record for the most significant weekly inflows, surpassing the previous of $72.38 million marked during the funds’ second week of existence.
The spot XRP ETFs also ended the week strongly, albeit nowhere near HYPE’s Thursday inflows. They attracted $15.63 million on Friday, building on the $5.31 million on Monday and $2.05 million on Wednesday. With Tuesday and Thursday being $0.00 days, the week ended with $23 million in net inflows, the best in a month and a half.
The cumulative total net flows have risen to another all-time high of $1.47 billion. Moreover, both XRP and HYPE ETFs have been on a green-only weekly streak for 8 and 7 consecutive weeks now, respectively.
SOL Joins BTC and ETH While the HYPE and XRP products have continued their impressive streak, SOL has fallen behind with a $3.8 million net outflow. Thus, the Solana ETFs have joined the two market leaders.
You may also like: Hyperliquid Responds After Appearing on Singapore’s Investor Alert List Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha The spot Bitcoin ETFs registered another massive withdrawal in the past week, with nearly $1.8 billion leaving the funds. This was their second-worst weekly performance in their 2.5-year history. The Ethereum funds were also in the red, with more than $273 million withdrawn.
Popular investor and entrepreneur Kyle Samani has accused Hyperliquid of misleading the public over its permissionless status. The Forward Industries chairman made the claim after Singapore’s financial regulator added the platform to its Investor Alert List.
The Monetary Authority of Singapore (MAS) placed Hyperliquid on its Investor Alert List (IAL) on June 26. The IAL flags entities that residents may mistakenly perceive as licensed or MAS-authorized. An IAL listing carries no ban or enforcement weight. It signals, instead, that local users may not receive MAS protections if something goes wrong on the platform.
Hyperliquid Defends Its Permissionless InfrastructureHyperliquid responded to the Singapore IAL listing, noting that it has never claimed MAS licensing or authorization. The platform maintained that users retain full self-custody and all transactions settle transparently on-chain. It added that nothing about the network has changed.
Bybit received the same warning earlier in June. The MAS has been tightening oversight of offshore exchanges throughout 2026. It ordered unlicensed platforms to seek regulatory approval or cease operations accessible to Singapore residents.
Samani’s Case Against PermissionlessnessSamani took direct aim at Hyperliquid’s core claims.
Hyperliquid is not permissionless. Stop gaslighting the public.
Samani
He argued that genuine permissionlessness requires at a minimum two conditions. The protocol must be open source. Validators must also operate globally, not concentrated in a single location.
He further raised governance concerns. Samani said the Hyperliquid Foundation can jail validators and remove them from the active set without justification.
Furthermore, the Foundation can push forced software upgrades on validators, he argued, stripping them of control over their own nodes.
Hyperliquid’s current setup lends some weight to those claims. The network runs only 24 active validators and plans a modest expansion to 27. Its node repository distributes a signed binary rather than full source code. The team says open-sourcing will follow once HyperCore reaches feature completion.
Furthermore
The hyperliquid foundation can put a validator in “jail” for any reason and remove it from active validator set
They also force upgrades on validators. They violate validator sovereignty
— Kyle Samani (@KyleSamani) June 26, 2026 Samani’s Motivations Under ScrutinyCritics have previously targeted Hyperliquid on similar decentralization grounds, and the platform has typically held its position. Samani’s Multicoin Capital exit in February 2026 adds personal context. His former firm held notable exposure to competing protocols, prompting some observers to question his motivations.
How Hyperliquid responds to pressure from regulators and industry critics may shape its standing with institutional users in the months ahead.
@hiFramework has closed its fourth fund at $400 million and, in doing so, pulled back the curtain on its largest crypto bets: major positions in @SkyEcosystem $SKY, @HyperliquidX $HYPE, and @Plasma $XPL.
A $400M Fund With Clear Crypto Convictions The San Francisco-based firm announced the close of fund FVIV on June 26, 2026. The fund was oversubscribed, with significant support from returning investors. Framework did not disclose its limited partners, describing them as a "predominantly institutional base anchored by an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds."
Alongside the fundraise, the firm was explicit about where its digital asset conviction lies. Its existing portfolio includes positions in derivatives platform Hyperliquid, yield-bearing stablecoin issuer Sky, and stablecoin-focused blockchain Plasma. The firm said it will maintain its digital asset investment strategy, keep Hyperliquid, Plasma, and Sky as major portfolio holdings, and has already deployed about half of the new fund.
Beyond Crypto: AI, Robotics, and Energy The fourth fund also marks a meaningful expansion of Framework's investment mandate. Framework Ventures has raised a $400 million fourth fund to continue investing in stablecoins, tokenization, and digital assets, while also expanding into AI, robotics, energy, and fintech. The firm also promoted Rajiv Patel-O'Connor to general partner as it expands beyond its traditional crypto focus.
Framework said it has already begun deploying the fund, leading Mecka AI's $60 million Series A round and investing in distributed energy network Daylight, moves it says complement its existing digital asset portfolio.
Founded in 2019, Framework made its name as an early backer of DeFi protocols, including Aave and Chainlink, both of which have grown into dominant platforms in decentralized finance. The firm held $1.28 billion in assets under management as of December 2025, according to a filing with the Securities and Exchange Commission.
The firm says its expansion is a response to the changing focus of founders within its network and does not represent a departure from its long-standing commitment to blockchain. As Framework broadens its reach, the three tokens it has publicly flagged, $SKY, $HYPE, and $XPL, stand out as the clearest signal of where its on-chain conviction remains anchored.
Sources:
Fortune: Framework Ventures raises $400 million for fourth fund
The Block: Framework Ventures raises $400 million for fourth fund to invest across crypto, AI and robotics
Crypto Briefing: Framework Ventures closes $400 million fund amid crypto slowdown
PANews June 28 news, according to Lookonchain monitoring, Machi (Huang Licheng) is selling Bored Ape at a loss to raise funds to go long on ETH on Hyperliquid. Over the past month, Machi sold 34 Bored Apes, totaling 326 ETH (approximately $514,000), incurring a loss of 399 ETH (approximately $631,000). Machi’s biggest loss came from Bored Ape #6057, which he bought four years ago for 76.84 ETH and sold now for only 7.65 ETH, a loss of up to 90%. Meanwhile, Machi has been liquidated multiple times on Hyperliquid. Just 3 hours ago, he was liquidated again, leaving only $81,000 in the account.
Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.
Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.
10 minutes ago
Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.
Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.
10 minutes ago
US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"
According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.
10 minutes ago
Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.
According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.
10 minutes ago
A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.
According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.
10 minutes ago
Crypto stocks have fallen far more sharply than large-cap tech stocks: Coinbase and Circle have declined 69% and 72% respectively from their peaks, with Bitcoin briefly falling below $60,000, exacerbating bearish sentiment.
Amid a broad sell-off in tech stocks, crypto-related equities have seen particularly steep declines, with their divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% respectively from their all-time highs, far outpacing the 48% to 57% pullbacks of major tech stocks including Oracle, Salesforce, Netflix, and Palantir. By comparison, the S&P 500 index has dropped just 3.5% from its recent peak. Fundamentally, Coinbase’s first-quarter results missed Wall Street estimates by a wide margin: revenue fell 21% quarter-over-quarter, posting a loss of $1.49 per share, while analysts had previously projected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak. Ethereum also dropped to around $1,500, roughly 69% lower than its record high last year, as market sentiment continues to deteriorate. In its mid-year outlook report, 21Shares cut its 2026 crypto market forecast, noting that digital asset price performance is significantly lagging behind the sector’s fundamentals. The firm pointed out that institutional adoption continues to deepen, with stablecoins, asset tokenization, and prediction markets all maintaining strong growth momentum, but Bitcoin’s four-year market cycle remains the dominant driver of price movements. The report also acknowledged a prior misjudgment: “Bitcoin’s cycle is evolving, but it has not broken,” retracting its earlier claim that the four-year cycle was obsolete. Analysts argue that the sharp pullback in crypto equities reflects a combination of three pressures: overall weakness in the digital asset market, uncertainty surrounding structural legislation for the U.S. crypto market, and the potential impact of AI technology on existing business models.
The crypto sector is preparing for huge token unlocks in July 2026. In this respect, July is set to witness a staggering $1.9 billion in token unlocks in renowned crypto coins. As per the data from DefiLlama, CryptoRank, and Tokenomist, the Rain ($RAIN), Hyperliquid ($HYPE), and Pump.fun ($PUMP) are the leading coins set to witness massive token unlocks. These unlocks are anticipated to increase volatility across the market with fresh liquidity.
$RAIN Leads Token Unlocks of July 2026 with $812 Million worth Unlocks Rain ($RAIN) is the top among July’s top token unlocks. It is going to unlock a huge amount of tokens worth up to $812 million. Particularly, the project will unlock 51.8B $RAIN tokens on the 11th of July. The respective amount accounts for 4.51% of the total token supply.
Hyperliquid ($HYPE) is another crucial project that has scheduled a token unlock for the next month. It will unlock 9.92 $HYPE tokens on the 6th of July. This figure equals 1.038% of the supply and $630M in total value.
Apart from that, on the 12th of July, Pump.fun will unlock 8.94% of its token supply, accounting for 89.38B $PUMP tokens. So, it will unlock a cumulative $117M in terms of overall value. Additionally, Canton ($CC) is currently conducting a daily token unlock, equaling $95.3M. This includes 63.5M $CC tokens, expressing 1.63% of the total supply.
Additionally, World ($WLD) is also going through a daily token unlock comprising $64.9M. This denotes 140.3M $WLD tokens and 1.4% of the supply. After that, TON ($GRAM) is the 6th among the next month’s key token unlocks, with $57.5M set to be unlocked. The respective amount takes into account 36.6M $TON tokens, expressing 0.71% of the supply.
$ADI Bottoms List with $33.6M Set for Token Unlock CryptoRank’s list of unlocks also includes Audiera ($BEAT), which will unlock 21.24M $BEAT tokens ($49.7M) on the 1st of July. Additionally, Official Trump ($TRUMP) is currently conducting a daily unlock of 27.1M $TRUMP tokens ($46.0M), signifying 2.71% of the supply. After that, set for July 3, MemeCore’s ($M) token unlock accounts for 56.1M $M ($39.2M). Concluding the list, ADI Chain ($ADI) will unlock 6.99M $ADI tokens ($33.6M) on July 9.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Key Takeaways Prominent crypto trader Garrett Jin has initiated a $21.73M short position on Zcash via Hyperliquid at an entry price of $418.90 Approximately $4.93M of the total order has been executed, leaving $16.8M unfilled Complete execution would position Jin as the platform’s largest ZEC position holder Jin’s previous two Zcash trades generated combined profits of $11.66M Simultaneously, his 1,268 BTC long position entered at $76,117 faces unrealized losses exceeding $20M Prominent cryptocurrency trader Garrett Jin has initiated a substantial short position targeting Zcash on the Hyperliquid decentralized trading platform. The position, valued at $21.73 million, carries an entry price of $418.90 per ZEC token.
Blockchain analytics expert Yujin first identified and reported the transaction. Initial data showed that $4.93 million worth of the position had been successfully executed, while the bulk—$16.8 million—remained in the order book awaiting fulfillment.
Potential Impact on Hyperliquid’s Zcash Market Should the entire order reach completion, Jin’s position would establish him as the dominant Zcash trader on the Hyperliquid platform. This concentration represents significant individual market exposure within the exchange’s ecosystem.
On-chain monitoring service Lookonchain verified the details of Jin’s position. Their analysis revealed the active short employs 2x leverage across 11,780 ZEC tokens, representing approximately $4.92 million in value at the moment of documentation.
Lookonchain’s research also highlighted Jin’s successful track record with Zcash trading. His two preceding ZEC positions collectively yielded profits totaling $11.66 million.
This newest short position continues Jin’s established strategy of betting against Zcash price appreciation. His current wager anticipates ZEC values declining from the $418 threshold.
Bitcoin Long Position Faces Significant Drawdown Contrary to his Zcash success, Jin’s Bitcoin holdings present a contrasting narrative. He maintains a leveraged long position comprising 1,268 BTC with an average entry point of $76,117 per token.
This Bitcoin trade currently shows substantial negative performance. The unrealized deficit on this position approximates $20.09 million based on recent market data.
Bitcoin’s market price stood around $60,411 during the reporting period, creating a considerable distance from Jin’s $76,117 entry level. This substantial price differential explains the magnitude of unrealized losses.
Taken together, these positions illustrate contrasting outcomes. While Jin has demonstrated profitability through Zcash short strategies, his more substantial Bitcoin wager continues accumulating losses.
Market observers closely monitor Jin’s trading activity due to the considerable capital involved in his transactions. Blockchain analysts including Lookonchain and Yujin systematically document his positions as they materialize on Hyperliquid’s platform.
The $21.73 million Zcash short position remains partially unfilled. Traders following Jin’s activities continue monitoring whether he will complete the full order execution.
Zcash traded at $407.65 during this reporting window, positioning slightly beneath Jin’s $418.90 short entry level. This price differential currently generates modest unrealized gains on the position.
However, his Bitcoin long exposure presents the more pressing challenge. With unrealized losses surpassing $20 million, it constitutes substantial downside risk within his active trading portfolio.
Whale Garrett Jin places $21.73 million ZEC short order, will become Hyperliquid's largest ZEC holder after execution
PANews June 27 news, according to on-chain analyst Ember's monitoring, half an hour ago Garrett Jin placed a limit order for a ZEC short position worth $21.73 million at a price of $418.9, with $4.93 million filled so far and an order worth $16.8 million still waiting to be filled. Once fully executed, he will be the largest ZEC holder on Hyperliquid. In addition, this whale's 1,270 BTC long position opened at $76,117 has an unrealized loss of $20.15 million.
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PANews June 27 news: According to SoSoValue data, yesterday (Eastern Time June 26) the HYPE spot ETF saw a total single-day net inflow of $1.8161 million.
Yesterday only the Bitwise Hyperliquid ETF (BHYP) recorded net inflows, with a single-day net inflow of $1.8161 million, bringing its total historical net inflow to $115 million.
As of press time, the HYPE spot ETF's total net asset value was $324 million, the HYPE net asset ratio was 2.28%, and the cumulative historical net inflow has reached $294 million.
