Track market-moving stories before they get noisy

Summary Crypto.com launched tokenized derivatives tracking roughly 1,500 US stocks and ETFs for users outside America. The product relies on a MiFID license secured through the acquisition of Foris Capital and custody with Alpaca. Kraken, Binance, Robinhood, OKX and Hyperliquid already run competing tokenized equity products with different structures. Regulators shut down a similar Binance and FTX attempt in 2021 within three months of launch. Crypto.com opened access on Wednesday to a new product line called Tokenized Stocks, a set of derivatives that mirror the price of about 1,500 US-listed equities and exchange-traded funds. The rollout targets users in the European Economic Area and other approved jurisdictions outside the United States, letting them buy fractional exposure to names like Apple, Nvidia and Tesla, as well as commodity funds such as SPDR Gold Shares, starting from $1. The exchange built the offering on a Markets in Financial Instruments Directive license it picked up through its acquisition of Foris Capital, and it settles trades instantly on-chain rather than through the traditional two-day clearing window.

A $1 Token Buys Price Exposure, Not a Share Certificate The product does not hand buyers real shares. Each token is a derivative contract that tracks price movement without transferring legal or beneficial ownership, voting rights or any say in corporate governance. Holders can still receive dividend-equivalent payments that mirror the underlying company’s cash distributions, even though they hold no equity stake. Collateral backing the tokens sits with Alpaca, a US self-clearing broker-dealer that already underpins more than 90% of the tokenized US stock market industry-wide. Depending on where a user is based, the legal issuer is either Foris Capital CY Limited in Cyprus or Foris Capital MU Ltd, and the Cyprus arm operates under supervision from the Cyprus Securities and Exchange Commission.

Trading runs continuously, including weekends, and the promotional fee structure currently sets commissions at zero, though the exchange notes that other platform charges may still apply. CEO Kris Marszalek tied the launch to a $400 million investment from Citadel Securities that valued Crypto.com at $20 billion, framing the funding as proof that markets “shouldn’t have to sleep.”

Crypto.com Tracks Prices, Some Rivals Put the Real Share on Chain Crypto.com’s approach sits on one side of a structural split that now defines the tokenized equity market. Synthetic or derivative models, which Crypto.com and Kraken both use, map the price of a stock without putting the actual security on-chain. Issuer-sponsored models instead aim to register real common shares as blockchain assets, giving holders an actual claim on the company. If an issuer like Crypto.com or Kraken runs into financial trouble, a synthetic-token holder has a claim on collateral held by a custodian like Alpaca, not a direct claim on the underlying shares the way a real shareholder would.

Synthetic · MiFID

Crypto.com

~1,500

stocks and ETFs covered

Collateral held in custody with Alpaca

Token Wrapper

Kraken · xStocks

100+

stocks and ETFs, SPL on Solana

Proprietary Chain

Binance · bStocks

$500M+

market cap

Over 90% of volume trades outside Wall Street hours

Proprietary Wrapper

Robinhood

Arbitrum

EU retail focus

Built for a traditional-broker style interface

Liquidity Integration

OKX

40+

tokenized stocks

Secondary liquidity venue, not the issuer

Synthetic Perps

Hyperliquid · HIP-3

$633B

Q1 2026 trading volume

Hosted synthetic SpaceX trading ahead of its 2026 IPO 

BaFin Shut This Down Once Already, in Three Months Flat This is not the industry’s first run at putting Wall Street on-chain. Binance and FTX both launched fractional stock tokens in April 2021, covering names like Tesla, Apple and Coinbase, through partnerships with European firms CM-Equity and Digital Assets AG. Neither exchange filed the securities prospectuses regulators expected, and Germany’s BaFin along with the UK’s Financial Conduct Authority moved quickly. Binance pulled the product just three months after it went live.

The current wave looks different on paper. Crypto.com built its launch around an actual MiFID license and regulated custody, and Kraken’s perpetuals run under similar regulatory cover. BaFin’s 2021 objection centered on the absence of a prospectus, not the token mechanism itself; Crypto.com’s MiFID license and Kraken’s regulated derivatives venue are built to satisfy that specific requirement.

Weekend Token Prices Called 92% of Monday’s Gaps Binance’s own research points to something specific: more than 90% of on-chain bStocks trading volume happens while US markets are shut. The exchange’s data found that weekend token pricing correctly anticipated 92% of the Monday morning gaps that later showed up on Wall Street. On-chain volume peaked between 20:00 and 24:00 ET, the start of the Asian trading day, while activity on Binance itself clustered around the US pre-market open. They are running continuous price discovery on assets that traditional exchanges only reopen five days a week, and traders elsewhere are watching those weekend moves for signals.

Hyperliquid pushes the same idea further. Its Layer-1 chain processes roughly 200,000 actions per second and lets external developers list perpetual contracts on equity indices, commodities and even pre-IPO companies through tools like trade.xyz. Synthetic trading for SpaceX tracked closely with the eventual valuation the company reached at its June 2026 listing, giving retail traders a way to price a private company months before it reached a public exchange. Hyperliquid cleared more than $633 billion in trading volume in the first quarter of 2026 alone and now competes with Binance for the position of the world’s second-largest perpetuals venue by open interest.

A $2.49 Billion Market Now Splits Five Ways Between Rivals The tokenized equity market has grown roughly sixfold over the past year to reach a $2.49 billion valuation, and Citigroup expects the broader tokenized securities category to reach $5.5 trillion by 2030, with $2.6 trillion of that coming from tokenized equities specifically. Crypto.com now competes directly with Kraken, Binance, Robinhood and OKX for retail flow in this category, and each platform is betting on a different structure to win users. Investors comparing these products need to look past headline asset counts and check whether they are buying a synthetic price tracker or something closer to real ownership, since the two carry different risk profiles if a platform runs into trouble. Regulatory scrutiny is also likely to intensify as volumes rise, given how quickly authorities acted the last time exchanges tried this without a full licensing framework behind them.

@HyperliquidX controls roughly 70% of onchain perpetual futures volume, making it the clear category leader among decentralized derivatives venues. Yet it does not serve US users. Its policy arm, @HyperliquidPC, filed a joint comment letter with wallet maker Phantom in July, asking the Commodity Futures Trading Commission to clarify how existing rules apply to onchain software developers. The goal is to open the US market without waiting on stalled congressional action.

What the CFTC Filing Asks ForThe firms asked the CFTC to take three concrete steps: confirm that writing onchain protocol software alone does not trigger exchange or clearinghouse registration requirements; issue guidance allowing the commission's own registered markets to use onchain infrastructure for execution, clearing, and settlement; and formalize the no-action relief the CFTC granted to Phantom in March 2026 as a binding rule.

The filing, submitted July 9 in response to the agency's request for information on financial technology, argues that regulators should adapt derivatives rules for decentralized infrastructure rather than apply frameworks built for custodial intermediaries. @HyperliquidPC CEO Jake Chervinsky (@jchervinsky) is pushing for a favorable reading of existing rules rather than waiting on Congress to act.

That approach is not without opposition. CME Group and Intercontinental Exchange (ICE) have separately urged the CFTC and Capitol Hill officials to require Hyperliquid to register as a swap execution facility or contract market, arguing the platform's anonymous, round-the-clock trading could enable market manipulation and sanctions evasion.

A Regulatory Shortcut While Congress StallsThe lobbying push reflects how little Hyperliquid can rely on the legislative calendar. The House passed the CLARITY Act in July 2025 by a 294-134 vote, but Senate negotiations collapsed before the August recess. On August 8, 2026, Senate Majority Leader John Thune filed cloture on the motion to proceed to the bill, a move that kept the legislation alive and set up a first procedural vote for September 15. Without that filing, the bill would likely have been declared dead for 2026. Remaining sticking points include ethics clauses, illicit-finance provisions, and how to handle stablecoin rewards.

The commercial case for regulatory clarity is significant. Roughly 32% of Hyperliquid's second-quarter volume was tied to stocks and other real-world assets, a segment that straddles both CFTC and SEC jurisdiction and that US users cannot currently access on the platform. That jurisdictional complexity, spanning commodities, equities, and crypto derivatives, is precisely what makes a clear regulatory framework both valuable and difficult to achieve.

Sources:
Unchained Crypto: Phantom and Hyperliquid Ask CFTC to Exempt DeFi Software From Broker Rules
CoinDesk: US Senate Opens First Stage of Clarity Act Voting
CoinDesk: CME and ICE Push US Regulators to Scrutinize Hyperliquid

Hyperliquid is turning its attention toward the U.S. market, according to a recent report by The Information. 

The push comes at an important moment for the crypto industry. Hyperliquid has grown into one of the largest venues for crypto perpetual futures.

U.S. regulators are simultaneously trying to determine how derivatives, decentralized exchanges and other on-chain financial products should fit into a regulatory system largely designed around centralized intermediaries.

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The question, therefore, is not simply whether Hyperliquid wants to enter the United States. It is whether the existing regulatory framework gives a decentralized protocol a workable way to do so.

U.S. prohibition?In practical terms, Hyperliquid's current trading interface is closed to U.S. users. The Hyperliquid blockchain itself has been declared illegal in the United States.

Hyperliquid is a permissionless blockchain. Its network and smart contracts are distinct from the website interface through which many users access the protocol. 

Hyperliquid's terms of use identify people and entities located in or resident in the United States as "Restricted Persons" and prohibit them from using the interface. 

Perpetual futures are its most important product. In the U.S., derivatives markets are subject to an extensive regulatory framework that has been developed by the CFTC.  

The Hyperliquid Policy Center has made precisely this issue the centerpiece of its Washington strategy. The organization says it is seeking a "clear, regulated path" for Americans to access onchain markets. 

The Policy Center was launched in Washington in February 2026 and is led by crypto lawyer Jake Chervinsky.

Hyperliquid's remarkable growth Hyperliquid has plenty of economic reasons to pursue the U.S. after it recorded remarkable growth. 

According to the Q2 report cited in the recent report on Hyperliquid, HYPE rose 79.2% during the second quarter. 

This is the second consecutive quarter in which HYPE substantially outperformed the broader crypto market.

The platform has become large enough that Washington can no longer simply ignore it. 

At the same time, American users remain largely excluded from direct access to the derivatives upstart. 

https://crypto.news/what-is-hyperliquid-how-does-it-work/

Hyperliquid, a decentralized perpetual futures exchange, is reportedly aiming to expand its operations into the United States despite ongoing regulatory challenges. The exchange, which currently blocks U.S. users from its front-end due to compliance issues, is seeking a path to offer on-chain derivatives within the U.S. market. This development comes amid pressure from established exchanges like CME Group and Intercontinental Exchange (ICE), which have urged U.S. regulators to impose tighter controls on Hyperliquid. The exchange’s policy arm has engaged in discussions with U.S. regulators, including a recent meeting with the SEC’s Crypto Task Force, indicating its intent to navigate the complex regulatory landscape.

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Key Takeaways Hyperliquid’s exploration of a U.S. expansion suggests a strategic initiative to tap into the American market despite existing regulatory barriers. The involvement of regulatory bodies like the SEC indicates that the exchange is actively seeking a compliant path for its services in the U.S. Market pricing suggests a cautious outlook, with the current odds of Hyperliquid reaching $100 by the end of 2026 standing at 13.5% YES. What to Watch Observers will be keen to see how U.S. regulators respond to Hyperliquid’s proposed expansion plans and whether they will require the exchange to adopt new compliance measures. Key developments to watch include any announcements from Hyperliquid regarding partnerships or regulatory approvals that could impact their market trajectory. Changes in the odds for Hyperliquid’s price targets, particularly any significant shifts, may indicate evolving market sentiment in response to these regulatory discussions.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 13.5% — — View market → January 1 2027 4.1% — — View market → January 1 2027 3.1% — — View market → January 1 2027 27.5% — — View market → January 1 2027 8.9% — — View market → January 1 2027 3.4% — — View market →

Key Highlights HYPE currently trades at $55.39 following a successful reclaim of critical moving-average support, positioning for a potential $57 breakout Technical analyst BATMAN reports HYPE bounced from its three-day MA and successfully recaptured a key support zone that was previously lost Major whale activity detected with $7.29 million HYPE purchase on Coinbase, indicating strong institutional confidence xStocks platform debuts on Hyperliquid, bringing tokenized stocks and ETFs with round-the-clock trading capabilities Platform destroyed $1.07 million in HYPE over 24 hours; cumulative burn reaches 47.62 million tokens, representing 4.76% of maximum supply The HYPE token from Hyperliquid is demonstrating fresh momentum following a technical recovery from its three-day moving average support. Currently, HYPE is valued at $55.39, registering a 1.5% gain over the last 24 hours, supported by a market capitalization of $13.96 billion and daily trading volume reaching $252.9 million.

Hyperliquid (HYPE) Price Technical analyst BATMAN highlighted on X that HYPE has successfully recaptured a support level that was previously breached, following its bounce from moving-average support. The token is currently retesting this reclaimed area, which traders view as critical for validating the sustainability of the current recovery.

https://twitter.com/CryptosBatman/status/2086769779663052050?s=20

Should buyers successfully maintain support at this critical juncture, technical projections suggest a potential advance toward $57. Market observers are awaiting confirmation signals before declaring a sustained upward breakout.

Significant whale activity has reinforced the bullish sentiment. Analyst Ted Pillows reported on X that a single large-scale buyer acquired $7.29 million worth of HYPE through Coinbase in a single transaction. Ted Pillows characterized the move as clear “Accumulation,” suggesting heightened conviction among major market participants.

xStocks Platform Introduces Tokenized Stock Trading on Hyperliquid The xStocks platform has officially launched on Hyperliquid, introducing tokenized equities and exchange-traded funds through HyperCore infrastructure. The initial rollout features five tokenized assets, selected based on their highest open interest within HIP-3 perpetual futures markets.

xStocks is now live on @HyperliquidX.

Our first deployment on HyperCore starts with a total of 5 tokenized equities and ETFs, including the leaders in open interest across HIP-3 perps.

24/7 liquidity. Meeting traders where they already are. With more assets to come. pic.twitter.com/c70lqRGOtB

— xStocks (@xStocksFi) August 10, 2026

This integration enables cryptocurrency traders to gain exposure to traditional financial markets continuously, eliminating restrictions imposed by conventional trading hours. The platform seamlessly connects tokenized equity products with Hyperliquid’s established derivatives infrastructure.

Sustained Token Burning Activity Continues From a fundamental perspective, Hyperliquid eliminated approximately $1.07 million in HYPE tokens within a 24-hour timeframe, as reported by Onchain Lens. During this same period, the platform generated approximately $1.45 million in fee revenue.

Total tokens burned have now reached 47.62 million HYPE, valued at approximately $2.63 billion based on current market prices. This burn volume accounts for 4.76% of the one billion token maximum supply.

The sustained burn rate demonstrates ongoing platform activity and utilization. When combined with the xStocks platform launch and increasing whale accumulation patterns, these metrics indicate a thriving and expanding ecosystem.

HYPE’s immediate price trajectory hinges on whether buyers can maintain control of the recently reclaimed support level and generate enough momentum to break above current resistance toward the $57 target zone.

Hyperliquid just gave its native token standard a feature that traditional finance has had for decades but crypto has largely lacked: the ability to cleanly split, redenominate, and proportionally adjust token balances without breaking everything in the process.

The upgrade introduces a deployer-controlled scaleWei function to the HIP-1 token standard, allowing atomic proportional balance transfers across all holders of a given token. Think of it as the on-chain equivalent of a stock split, except it also handles airdrops, dividends, repricing, and reverse splits, all executed in a single atomic operation on Hyperliquid’s Layer-1 blockchain.

What scaleWei actually does The scaleWei function sidesteps the traditional migration mess entirely. When a deployer triggers it, every balance of the referenced HIP-1 token gets scaled proportionally in a single atomic transaction. No migration contracts, no user action required, no liquidity fragmentation.

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Critically, open orders on Hyperliquid’s exchange are also automatically adjusted when the scaling action references the same token. That means a limit order sitting on the book doesn’t suddenly become nonsensical after a 2-for-1 split. The order’s size and price parameters get recalibrated to reflect the new denomination.

Who controls the lever Access to the scaleWei function is restricted to two categories: system addresses and signed vaults. In practical terms, this means only the original deployer of a HIP-1 token, or an authorized vault structure, can trigger a balance scaling event.

The function builds on HIP-1’s existing parameter set, which already includes weiDecimals, szDecimals, maxSupply, and genesis distribution mechanics. HIP-1 itself remains a capped-supply fungible token standard native to Hyperliquid’s L1, meaning these tokens aren’t ERC-20s living on Ethereum. They’re first-class citizens of Hyperliquid’s own chain, with the exchange’s order book integrated at the protocol level.

The RWA play becomes more obvious Recent equity-related spot listings on the platform have already signaled the direction of Hyperliquid’s positioning toward tokenized real-world assets. With scaleWei, a deployer managing a tokenized equity on Hyperliquid can now execute a proportional distribution, like a dividend paid in the same token, by simply scaling all balances upward. A reverse split works the same way in the opposite direction. The atomic nature of the operation means there’s no window where some holders have been adjusted and others haven’t.

Where this fits in the broader upgrade timeline The scaleWei addition is part of a broader sequence of protocol enhancements. The platform’s upgrade path has included HIP-1 through HIP-4, each addressing different aspects of the protocol’s functionality. HIP-1 established the foundational capped-supply fungible token standard, while subsequent proposals have layered on additional features including liquidity bootstrapping, permissionless perpetual market creation, and prediction markets.

The initial market response has been muted, with no significant price movement on the back of the announcement.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

HYPE, the native cryptocurrency of Hyperliquid, is trading close to $55 on August 12, 2026, standing 28% below its all-time high of $76.87 set on June 16. Despite recent fluctuations, traders remain focused on whether the token can maintain support or slide further.

Support and resistance levels draw attentionAnalysts place HYPE’s current price between $54.56 and $55.39, with reported 24-hour trading volumes ranging from $185 million to $253 million. These levels are drawing close scrutiny from both technical traders and market participants observing the token’s recent volatility.

Market analyst Cryptoprime247 identified the $52-$53 zone as an important support area following HYPE’s retreat from its June peak. Attempts by buyers to push the price back above $55 have not held for long.

JordiCharts, another prominent trader, highlighted $51 as a decisive threshold. He considers this level crucial, suggesting that a break below could cause the price to enter a demand zone in the low $40s, whereas reclaiming $59 would offer a more optimistic outlook.

Pivot point calculations referenced by multiple market sources place support near $51.11 and resistance at $59.16, closely aligning with views from both analysts. This focus on clear technical levels shapes much of the current trading narrative around HYPE.

Support LevelResistance Level$51.11$59.16$52–$53 (zone)$57 (target)$51 (critical level)$67.20 (value area reference)Potential for recovery hinges on technicalsCrypto analyst BATMAN observed that HYPE recently rebounded from its three-day moving average, regaining a previously lost support line and now retesting that area. He suggested that holding this support could allow HYPE to target $57, but cautioned that further confirmation is needed before resuming an upward trend.

BATMAN noted that not only did HYPE bounce strongly from its three-day moving average, but the token has also reclaimed a former support level and is in the process of retesting it. He sees the current technical setup as incomplete, with confirmation still required for any bullish move.

Trader melonfarmer5 pointed to $67.20 as a key monthly value area, suggesting that continued strength in Bitcoin could maintain a bullish tone for HYPE. In contrast, Altcoin Sherpa recommended a cautious approach, commenting that HYPE may be better suited for gradual accumulation due to ongoing risks of another price dip.

Altcoin Sherpa speculated that HYPE could fall toward $42 before mounting a stronger rebound, with a potential reversal from that region possibly paving the way for a climb back toward $75.

Tokenized stocks and new products strengthen HyperliquidxStocks recently introduced tokenized stocks and ETFs to the Hyperliquid network, utilizing its HyperCore technology. This initial rollout features five tokenized equities and ETFs linked to the network’s highest open interest markets, allowing users to trade these assets around the clock outside traditional market hours.

Hyperliquid, a decentralized perpetual exchange platform, has seen growing engagement in its HIP-3 real-world asset markets, where S&P 500 contracts currently lead with $490.5 million in open interest. Other prominent markets include SKHX, SPCX, Brent Oil, XY100, CL, and Silver, each maintaining open interest above $100 million.

The platform’s Assistance Fund continues to buy back HYPE from protocol fees, removing 44.35 million tokens from circulation as of May 19, which represents 4.4% of the original supply. In July, Hyperliquid recorded about $218 billion in trading volume, despite a broader slowdown in decentralized perpetual exchange activity.

Mini dictionary: Hyperliquid is a decentralized derivatives trading platform that allows users to trade perpetual contracts and real-world assets with high liquidity, round-the-clock access, and a focus on protocol-driven features such as the Assistance Fund for buybacks.

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.

THE INFORMATION: Hyperliquid Looks for Path to U.S. Markets for Its Perpetual Futures

DoubleZero partners with Kalshi to launch real-time market data subscription service

DoubleZero has announced that Kalshi’s real-time order book data is now live on its DoubleZero Edge platform, delivering institutional-grade market data supported by multicast and dedicated fiber connectivity. The offering includes full-depth order books and all active sports and crypto perpetual contracts. It is understood that this integration enables quantitative traders and market makers to access machine-readable, zero-format real-time data without building their own infrastructure, supporting pricing, hedging, and signal generation, and significantly lowering the threshold for algorithmic trading in prediction markets.

7 minutes ago

Bitcoin ETFs see $16.97M outflow, Ethereum ETFs attract $7.28M inflow on Aug 12

August 12 Update: #Bitcoin ETFs: 1D NetFlow: -265 $BTC(-$16.97M)?? 7D NetFlow: +4,711 $BTC(+$301.16M)?? #Ethereum ETFs: 1D NetFlow: +3,823 $ETH(+$7.28M)?? 7D NetFlow: +89,742 $ETH(+$170.83M)??

7 minutes ago

A prominent trader notes that the Clarity Act will play the same role crypto ETFs served in the last cycle, and Bitcoin could bottom out and rally ahead of the bill’s passage.

Prominent trader Killa posted that during the last bull run, Bitcoin began recovering from lows ahead of ETF rumors and formal approval, emphasizing markets typically price in positive news in advance. This cycle could follow a similar pattern: the current "Clarity Act" (Regulatory Clarity Act) is shaping a new narrative. "If it indeed acts as a catalyst, it will likely mark the start of BTC’s first meaningful rally phase since the recovery from the prior bear market, and its approval will soon push Bitcoin to a new all-time high (ATH)—just like the ETF approval did," Killa noted. A BTC-focused quantitative trader, Killa correctly predicted the peak of this bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.

7 minutes ago

Lightspeed plans to raise $600 million for its secondary fund to ramp up investments in OpenAI and Anthropic.

According to Bloomberg, Lightspeed Venture Partners is seeking to raise roughly $600 million via secondary transactions to extend its investment exposure to OpenAI and other AI companies, as well as make additional investments in AI model firm Anthropic. Sources familiar with the matter said the fundraising deal is internally codenamed "Project Mercury" and involves multiple secondary funds under Lightspeed, including the Select V Fund, Opportunity II Fund, and a portion of assets in a separately managed account. Lightspeed aims to provide liquidity to investors through these secondary market transactions while maintaining long-term holdings in leading AI sector companies.

7 minutes ago

Google raises prices of its new smartphones due to memory shortages.

According to market sources, Google has raised the price of its new smartphones due to memory shortages, with the new models reportedly costing $100 more than the previous generation.

7 minutes ago

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Fed's Collins: Will Support September Interest Rate Hike If Inflation Remains Elevated

According to a report by the Financial Times, Federal Reserve official Collins stated that escalating tensions related to Iran have exacerbated cost-of-living pressures, leaving low-income Americans struggling to make ends meet. She warned that the Federal Reserve may need to raise interest rates to curb inflation. Collins noted that businesses and households in the U.S. Northeast are being squeezed by inflation, which has exceeded the central bank’s 2% target for over five years. “I hear about price issues almost every time I talk to businesses,” she said. She added: “Among low- and middle-income households, I’m increasingly hearing about the challenges they face… such as struggling to make ends meet. Energy prices are truly unbearable, especially in our region.” Collins currently does not hold a voting seat on the Federal Open Market Committee (FOMC). She supported keeping interest rates steady in July, and views the current rate level as “slightly restrictive,” which “will lead to a gradual, sustained decline in inflation expectations.” However, she noted that if economic data indicates a need for a rate hike, she is willing to support raising rates as early as September. “I do believe economic conditions in the coming months may require tighter policy, and in that case, I am prepared to raise interest rates,” she said.

9 minutes ago

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total...

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).

9 minutes ago

Metaplanet transferred 3,881 BTC over the past three hours, with its current unrealized loss on holdings amounting to roughly $1.4 billion.

According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.

9 minutes ago

Layer 1 blockchain project Harmony responds to the abnormal ONE token over-issuance incident: It is working with trading platforms to freeze the relevant funds.

Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.

9 minutes ago

Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.

According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.

9 minutes ago

Binance adds GameStop bStocks tokenized securities to its margin collateral assets

According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.

9 minutes ago

After a dramatic correction from the $70–$76 range, Hyperliquid is having trouble regaining its bullish momentum. As of right now, HYPE is trading at $54.54, trapped between significant resistance above and sustained support below. The cluster of moving averages around $56.65-$56.90 is the current issue. 

Hyperliquid's recovery is shallowAfter declining in early August, HYPE momentarily recovered toward this area, but buyers were unable to establish a price above it. The recent increase appears more like consolidation than the start of another sustained rally as long as the token stays below $57. At about $61.09, stronger resistance is located. 

HYPE/USDT Chart by TradingViewThe short-term structure would be greatly improved by regaining that level, and the $65–$68 range might be reopened. HYPE might attempt another move toward $70 after that. The long-term moving average at around $50.77 is the most significant support on the decline. $50–$51 is a crucial technical threshold because HYPE has stayed above it during the most recent correction. 

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Losing it might expose the upper-$40 range and harm the recovery structure as a whole. The RSI is close to 43.3, indicating weak momentum without going into oversold territory. HYPE is still in a neutral-to-bearish consolidation for the time being. The first improvement would be a move above $57, and a stronger reversal signal would still require a move above $61. 

Ethereum in a complicated positionWith price compression becoming more apparent following the rebound from June's lows, Ethereum is still consolidating just below $1,900. Right now, ETH is trading at about $1,880, just above its short-term moving average of about $1,875 but below resistance at about $1,922. 

ETH/USDT Chart by TradingViewSince late July, buyers have consistently stalled in this $1,900–$1,925 range, making it the immediate breakout threshold. The technical configuration is mixed. Since declining toward $1,550 in June, Ethereum has maintained a series of higher lows, while the shorter moving averages have started to rise. 

A stronger dynamic level near $1,808 follows the unaltered support around $1,875. At roughly $2,140, ETH is still well below the long-term moving average. This indicates that despite the improvement since June, the broader trend has not yet moved into a confirmed bullish structure. 

Also, momentum has decreased. The RSI's signal line is close to 51, and it is currently at 53.5. This reading reflects the tight price consolidation and gives neither side a significant momentum advantage. The most significant short-term development would be a daily breakout above $1,925, which could refocus attention on $2,000. 

The next big target after that is the $2,100–$2,140 range. On the other hand, the likelihood of a return toward $1,800–$1,810 would rise if $1,875 were lost. As a result, Ethereum is still in a recovery structure, but buyers must break the $1,900–$1,925 ceiling before a significant upside continuation is technically plausible.

Bitcoin remains in a narrow downtrendWith neither buyers nor sellers building up enough momentum to compel a decisive move, Bitcoin is still trapped in a narrow consolidation around $63,900. The $63,000–$67,000 range is increasingly central to the current structure. Bitcoin is trading almost exactly between its two shorter moving averages. 

BTC/USDT Chart by TradingViewThe faster average is marginally higher at about $64,154, while the closest support is at about $63,325. The sideways price action that has predominated since the start of July is reflected in this compression. Overhead resistance is still the main issue. 

The first significant barrier to any recovery is $66,000–$67,000, as Bitcoin is still trading below the falling moving average around $66,742. At about $72,100, the long-term average is still much higher. Momentum provides minimal directional assurance. The RSI has dropped to about 48.4, which is slightly below the neutral 50 threshold. This is in line with the price's apparent lack of follow-through. 

The current structure would be weakened by a break below $63,300, bringing $60,000 back into focus, followed by the June low of about $58,000. On the other hand, recovering $66,700 would provide Bitcoin with its first significant technical advancement and might reopen a move toward $70,000–$72,100. As of right now, Bitcoin is still range-bound within a broader bearish structure.

Shiba Inu hits fresh supportAfter failing to maintain its late-July volatility spike, Shiba Inu is once again testing a crucial short-term support area. At the moment, SHIB is trading at about $0.00000450, almost exactly on the moving average at $0.00000445. 

SHIB/USDT Chart by TradingViewAdditionally, the token has fallen below the faster average around $0.00000462, suggesting a decline in immediate momentum. SHIB briefly moved toward $0.0000058 due to the late-July spike, but the move was rejected almost instantly. The moving average near $0.00000495 became the main short-term resistance after the price was unable to recover. While the signal line average is still close to 54.3, the RSI has dropped to about 45.1. 

Even though SHIB is still far from oversold territory, this divergence shows waning momentum after the unsuccessful breakout attempt. Now, the $0.00000440–$0.00000445 area is critical. A clean breakdown could reveal the July consolidation zone at $0.00000410–$0.00000420. 

Another local low would be more likely if that area were lost. SHIB must first recover $0.00000462 and then break through $0.00000495 in order to initiate a bullish reversal. The long-term moving average at $0.000585 is still a significant barrier even after that. Despite its sporadic sharp volatility spikes, SHIB's overall trend remains bearish until those levels are reclaimed.

SpaceXAI: The Grok chatbot is already in the testing phase.

SpaceXAI has announced that its Grok chatbot is now in the testing phase, and starting today, it is available to desktop and iOS users who subscribe to the SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium plans.

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Trend-following funds have taken a record short position in global bonds, with the US CPI report expected to be the key determinant of their profit and loss.

According to Bloomberg, data from UBS Group shows that Commodity Trading Advisors (CTAs), which seek to profit from price movements across various asset classes, tripled their underweight positions in bonds in July from two weeks prior. Since then, these bets have remained stable. If the upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) push Treasury prices higher, the CTAs face the risk of losses. Strategist Nicolas Le Roux noted that a 1-basis-point move in the 10-year Treasury yield ahead of inflation data translates to roughly $300 million in profit or loss for CTAs, with this exposure being the largest UBS has recorded since it began compiling relevant data in 1990.

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Brad Lightcap, head of special projects at OpenAI, is set to depart.

According to a report from The Information, Brad Lightcap, head of special projects and former chief operating officer (COO) of OpenAI, is set to leave the company. Over the past year, Lightcap’s internal responsibilities at OpenAI have undergone multiple adjustments, with his latest role being leading "special projects". A long-time core member of OpenAI’s management team, Lightcap shifted from his COO position to lead special projects in early 2026 during an executive reshuffle, overseeing cross-company matters including complex transactions and strategic investments, and reporting directly to CEO Sam Altman. His departure comes as OpenAI continues to expand its commercialization efforts, advance enterprise business and strategic partnerships. The company has previously implemented multiple rounds of organizational restructuring, including transferring some COO responsibilities to other executives. Brad Lightcap joined OpenAI in 2018, and prior to that held roles at Y Combinator and JPMorgan Chase. He was one of the key operations and business leaders during OpenAI’s transition from a research institute to a commercial AI company.

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Fed's Goolsbee: The biggest problem facing the economy is inflation

Federal Reserve's Goolsbee said that as long as consumption remains robust, the economy will stay healthy. The biggest problem facing the economy is inflation. (Jinshi)

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According to market reports, ZoomInfo data has now been integrated into Microsoft Copilot Studio, and is available for use in Microsoft 365 Copilot, Dynamics 365, Excel, and Word.

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OpenAI Special Projects Lead Brad Lightcap to Step Down

According to a report from The Information, Brad Lightcap, OpenAI’s head of special projects and former chief operating officer, is set to leave the company.

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Özellikle ABD’den gelen zayıf istihdam verileri, piyasada faiz artışı beklentilerinin azalmasına neden olurken bu durum Altın için yeniden pozitif bir ortam oluşturdu. Altındaki yükselişin en önemli nedenlerinden biri ise sadece bireysel yatırımcıların değil, merkez bankalarının da Altın almaya devam etmesi. Merkez bankaları son yıllarda rezervlerinde Dolar yerine Altın’ın ağırlığını artırmaya çalışıyor. Bunun temel sebebi ise Altın’ın herhangi bir ülkenin borcu olmaması ve ekonomik veya siyasi belirsizlik dönemlerinde güvenli liman olarak görülmesi. 2026 yılında yapılan bir ankette merkez bankalarının çok büyük bölümü Altın rezervlerinin önümüzdeki dönemde artmasını beklediğini belirtiyor.

İlginizi Çekebilir: Hyperliquid’de Toparlanma Sinyali: HYPE Kritik Dirençte!

Diğer taraftan dünya genelindeki siyasi ve ekonomik belirsizlikler de Altın’a olan ilgiyi canlı tutuyor. Özellikle ABD ekonomisinin ne kadar güçlü kalacağı, faizlerin hangi seviyede tutulacağı ve Orta Doğu’daki gelişmeler yatırımcıların güvenli liman arayışını artırıyor. Son dönemde ABD’den gelen zayıf iş gücü verileri de piyasada faiz beklentilerinin değişmesine neden olarak Altın’ın yeniden güç kazanmasını sağladı.

Teknik olarak incelersek:

XAU/USD paritesi günlük grafiği. 4000$ seviyelerinde yatay seyrettikten sonra tepki alıp yükseliş gösteren Altın, ilk olarak 4220$ bölgesini geçti ve üzerinde kapanış yaparak iç yapısındaki düşüşü sonlandırdı. Daha sonrasında bu alanı destek edinen Altın, önemli bir bölgeye gelmiş bulunuyor ve bu alanı da şuan kazanmış durumda. 4385$ üzerinde günlük kapanışların gelmesi Altın tarafında yükselişin devam edeceğinin işareti olacaktır. Bu bölgeyi de destek edinmesini bekleriz ve Altın için 4580$ seviyelerine kadar bir yükseliş görebiliriz. Altın tarafında düşüş sonrasında bir soğuma gerçekleştiğini ve bu alanların tekrar kazanılabileceğini bizlere göstermeye başladı.

4385$ üzerinde kalıcılık sağlanması halinde 4580$ seviyelerine kadar yükselmesini ve ilk direnç bölgesinin burası olmasını bekleyebiliriz. ABD tarafından gelen veriler şuanlık Altın’ın olumlu etkilenmesini sağlıyor. Özellikle piyasaların ABD enflasyon verisini beklediği bu dönemde, gelecek verilerin beklentileri desteklemesi halinde Altın tarafında yükselişin devam etmesini bekleyebiliriz. Şuan için 4385$ bölgesinin korunması, yükseliş senaryosunun devamı açısından önemli olacaktır.

Son dakika kripto para haberleri için hemen tıkla

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

H100 Group appoints Eirik Grøttum as Chief Executive Officer

According to an official announcement, H100 Group has appointed Eirik Gr?ttum as its Chief Executive Officer. Gr?ttum previously led Moonshot AS, which completed its acquisition by H100 yesterday. Background materials show he has experience in technology, fintech, systematic trading and digital assets, and previously co-managed related Bitcoin positions with Chief Investment Officer Peter C. Warren. Additionally, Peter C. Warren will remain in his role as Chief Investment Officer; Sander Andersen will continue as Executive Chairman; Johannes Wiik will return to serve as Chief Operating Officer, overseeing operations, corporate development, capital markets and strategic transactions among other duties.

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Morgan Stanley: If US inflation cools less than expected, it may stoke concerns over interest rate hikes.

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Multiple South Korean securities firms have lowered the target prices of Samsung and SK Hynix, with the biggest cut exceeding 30%.

According to South Korea’s JoongAng Ilbo, Kiwoom Securities has also lowered its target stock prices for Samsung Electronics and SK Hynix. Recently, market concerns that the general memory chip industry has reached its peak (peak-out) have intensified, prompting an increasing number of securities firms to cut their target price expectations for South Korea’s two leading stocks: Samsung Electronics and SK Hynix. Per South Korea’s financial investment industry sources on the 11th, Kiwoom Securities the previous day reduced Samsung Electronics’ target price from 390,000 won to 350,000 won, and SK Hynix’s target price from 2.2 million won to 2.1 million won, while maintaining a "buy" rating for both stocks. The report notes that this trend of target price cuts in South Korea’s securities industry has been visible since the end of last month. At that time, amid debates over the semiconductor industry’s peak cycle and SK Hynix’s Q2 earnings release, major brokerages including Mirae Asset Securities, Shinhan Investment Securities, and Samsung Securities had already successively cut the target prices of both stocks by around 30%.

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Kalshi to Enhance Trading Surveillance by Adopting Nasdaq’s Market Surveillance Tools

According to Reuters, Kalshi will adopt Nasdaq’s market surveillance tools to enhance monitoring of trades on its platform. The firm plans to integrate Nasdaq’s market surveillance platform in phases. Kalshi stated that integrating Nasdaq’s 24/7 surveillance platform with its own trading infrastructure will help detect market abuse, manipulation, and insider trading in real time, and support the submission of trade data in the format required by the Commodity Futures Trading Commission.

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International oil prices give back some of their gains, as progress in talks between Oman and Iran eases supply concerns.

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Intel is down 1% in pre-market trading after announcing it expanded its stock offering size and priced the offering.

According to BIT (Bit.com) market data, Intel (INTC.O) shares fell 1% in pre-market trading. Earlier, the company announced an increase in the size of its stock offering and completed the relevant pricing.

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Clients can now move USDC more efficiently and manage balances on the Hyperliquid network.

, /PRNewswire/ -- Reap, a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure, today announced support for USDC funding via Hyperliquid. Clients can now generate a Hyperliquid wallet address within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.

In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC is now the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026, up almost 20% in a single month.

As USDC cements itself as the anchor stablecoin of one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet. A direct funding rail removes that extra step, letting clients put Hyperliquid-based USDC to work in their cards and payment balances. This launch also expands Reap's own network coverage for stablecoin funding, with Hyperliquid joining Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits.

For businesses that already keep working capital on Hyperliquid, this adds a direct path to convert on-chain USDC into operating balances, without routing funds through an intermediary exchange or wallet. That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail. The addition of Hyperliquid gives clients another stablecoin funding rail, reducing friction for businesses that already hold or transact in USDC on Hyperliquid, and makes it easier for clients to fund their cards and payments balances directly.

"With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses." said Harris Leow, Head of Product, Reap.

Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, from making it easier for clients to fund and deploy USDC held on Hyperliquid, to unlocking more seamless ways to move value between on-chain liquidity and real-world spend. By deepening this integration, Reap aims to create more flexibility for clients while supporting greater real-world utility for stablecoins on Hyperliquid.

About Reap

Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.

Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.

Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.

More information about Reap can be found at reap.global.

SOURCE Reap

Monero [XMR] saw a 14% increase in Open Interest in the past 24 hours, and the altcoin prices briefly surmounted the $400 psychological level on Sunday, August 9. Since making a local high of $413.5, Monero has been pegged back by 5.6%, trading at $390 at the time of writing.

After making a low of $300.6 on June 30, the privacy token has rebounded by 29.87%, even after accounting for the drawdown in recent trading hours.

Bitcoin [BTC] faced rejection at $65.3k, the 78.6% Fibonacci retracement level based on its 4-hour swing structure. The latest rejection from the $65k-$67k supply zone has led to market-wide losses.

Lookonchain observed that a Monero whale wallet on the decentralized exchange Hyperliquid was positioned long. The wallet has opened a 4x long on XMR worth $36 million, targeting $475-$516 as take-profit targets.

Given the past month’s momentum, will this whale’s trade be proven correct? Here’s what the price action signaled.

The higher timeframe bias for Monero Source: XMR/USDT on TradingView On the weekly timeframe, XMR has a bullish swing structure. It has been making higher lows since 2024, and its upward momentum accelerated towards the end of that year.

The latest impulse move, from $230 to $800, is what the current weekly structure hinges on. At the time of writing, the privacy token was still within a deep retracement, but has not breached this overarching structure.

The OBV and the MFI signaled a tug-of-war between the bulls and the bears in 2026, with neither side able to gain the upper hand.

Traders’ call to action- Sell Source: Alphractal on X Despite the bullish higher timeframe bias, the latest rally up to $400 presented a problem. In a post on X, crypto intelligence platform Alphractal observed that a main reason behind the move was the overhead short liquidation levels.

If the move turns into a liquidity sweep instead of a bullish breakout, it could spell trouble for the buyers who are trying to trade with the short-term momentum.

Source: XMR/USDT on TradingView Towards the end of June, Monero witnessed a bearish structural shift. The rally since then, up to $400, was another pullback, this time to the upside.

The OBV has been rising in recent weeks. The MFI signaled bullish momentum. Yet, the swing structure on this timeframe favored the sellers.

Moreover, the weekly OBV was weak, and the MFI signaled a lack of strong momentum. This means that another price drop toward $300 or slightly below can not be discounted.

A breakout past the $437 high, alongside increased buying pressure, is needed to shift the daily structure bullishly and establish the next uptrend.

Final Summary The Monero rally up to $400 was a pullback, and not relative strength, the daily timeframe swing structure revealed. Without sustained, sizeable buying pressure, a bullish breakout past $437 could be difficult.

PANews, August 11 news: According to SoSoValue data, crypto market sectors pulled back broadly, with the NFT sector dropping 25.62% in 24 hours — among which Audiera (BEAT) plunged 55.02%. Bitcoin (BTC) declined 1.85%, breaking below $65,000; Ethereum (ETH) fell 2.44%, breaking below $1,900.

Only DeFi and Layer2 sectors remained relatively resilient, gaining 1.11% and 2.01% respectively. Within the DeFi sector, Hyperliquid (HYPE) rose 1.76%, and Ethena (ENA) climbed 3.56%; within the Layer2 sector, Arbitrum (ARB) advanced 3.44%, and Mantle (MNT) jumped 5.48%.

As for other sectors, the Layer1 sector dipped 0.54%, with Cardano (ADA) down 3.19%; the CeFi sector slipped 0.63%, though Bitget Token (BGB) gained 1.65%; the PayFi sector fell 1.53%, with Telcoin (TEL) dropping 6.77%; the Meme sector lost 1.98%, while Pump.fun (PUMP) bucked the trend to surge 4.74%.

Hyperliquid, the Layer 1 blockchain that has quietly built one of the most active decentralized exchanges in crypto, now supports tokenized US equities through an integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The move brings xStocks, which are 1:1 backed tokenized versions of US stocks and ETFs, onto Hyperliquid’s spot trading infrastructure.

How the plumbing works Chainlink’s CCIP serves as the connective tissue between Hyperliquid and the broader multi-chain ecosystem. The protocol handles cross-chain token transfers through a burn-and-mint mechanism, meaning tokens aren’t just copied across chains. They’re destroyed on one side and recreated on the other, keeping supply in check.

Hyperliquid runs two layers: HyperCore, a custom-built order-book engine, and HyperEVM, an Ethereum Virtual Machine compatible environment. CCIP bridges the gap between HyperCore’s native tokens and ERC-20 tokens on HyperEVM, allowing assets from other chains to plug into Hyperliquid’s trading system.

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The cross-chain infrastructure also leverages xBridge, which initially focused on Ethereum-to-Solana transfers before expanding to support Hyperliquid. Together, CCIP and xBridge create a pipeline for tokenized assets to move across chains and land on Hyperliquid’s spot markets.

At least 10 xStocks tickers have registered for spot trading on the platform following auction processes, according to community reports. Tickers like AAPLx and NVDAx give users direct exposure to the underlying equities without leaving the DeFi ecosystem.

What xStocks actually are xStocks are tokenized representations of US equities and ETFs developed by Backed Finance, which is part of the Kraken Group. Each token is backed 1:1 by the corresponding underlying asset, meaning one AAPLx token represents one share of Apple stock held in reserve.

Until now, Hyperliquid was primarily known for perpetual futures trading, where it has carved out a dominant position among decentralized exchanges. Adding tokenized equities to its spot markets represents a meaningful expansion of its product surface area.

Why this convergence matters The CCIP integration on Hyperliquid has been live since July 2025, giving the infrastructure several months to stabilize before the xStocks rollout gained traction.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Hyperliquid [HYPE] faced intensifying selling pressure following a $2.03 million KuCoin whale deposit, as positive netflows strengthened exchange-side supply concerns. 

The exchange-bound transfer increased available supply while HYPE attempted to stabilize following its broader decline. The whale deposited 37.39K HYPE, worth approximately $2.03 million, to KuCoin six hours earlier. 

The same wallet also transferred 290.75K USDC, worth roughly $290.65K, to Kraken one hour earlier. However, the HYPE transaction carried greater significance because it directly increased exchange-bound token supply. 

Exchange deposits often expand immediately tradable supply, although they do not confirm completed sales. Therefore, the transaction strengthened distribution concerns rather than proving the whale had already sold. More importantly, broader spot flows supported the same direction, giving the transfer stronger bearish context.

Spot inflows strengthen the selling case Exchange flows had already shifted toward the supply side as the whale moved HYPE onto KuCoin. 

Spot Netflow reached approximately $1.24 million at press time, confirming inflows exceeded outflows during the latest recorded period. Previously, HYPE had registered substantial negative netflows, including several pronounced outflow spikes around late July. 

Those readings reflected tokens leaving exchanges and reduced the immediately available exchange supply. However, the latest positive reading marked a change from that withdrawal-heavy activity. 

The whale’s $2.03 million deposit reinforced the shift because both metrics pointed toward increased exchange availability. Although one positive session could not erase previous outflows, current conditions clearly favored incoming supply. 

Thus, the latest exchange activity gave sellers a stronger near-term position. Continued positive netflows would increase pressure on buyers to absorb additional HYPE supply.

Source: CoinGlass Whales stay active as retail participation cools Large traders had maintained their presence while broader market participation weakened across HYPE’s spot market. 

The Spot Average Order Size registered Big Whale Orders, highlighting continued activity from larger market participants. 

Meanwhile, the Spot Volume Bubble Map was cooling, pointing toward weaker participation across the wider spot market. This divergence gave whales greater influence over HYPE’s immediate market direction. 

Notably, exchange activity provided a bearish direction to their growing influence. Positive spot netflows reached $793.92K, while one whale deposited $2.03 million in HYPE to KuCoin. 

Therefore, whale activity increasingly favored the supply side as broader participation cooled. Retail demand appeared less capable of counterbalancing incoming exchange supply under those conditions. 

Unless broader participation strengthens, whale-driven exchange inflows could keep sellers dominant and restrict HYPE’s recovery.

Source: CryptoQuant Improving MACD gives HYPE a recovery chance Despite stronger supply pressure, HYPE defended $53.67 and preserved an opportunity for another recovery attempt. 

Price reached approximately $54.65 after rebounding from the lower area of its descending structure. Yet, the descending trendline continued restricting upside progress below the $57.10 resistance. 

MACD had improved during the rebound, adding some technical support for buyers. At press time, its line reached -1.93, above the -2.23 signal line, while the histogram climbed to 0.30. Both MACD lines remained below zero, however, leaving the broader recovery unfinished. 

RSI had reached 43.42, above its 39.57 average, but remained below the neutral 50 threshold. A sustained recovery could challenge $57.10 and potentially expose $62.48 afterward. Failure around resistance would keep $53.67 vulnerable, while a breakdown could reopen $51.09.

Source: TradingView Final Summary HYPE exchange inflows and whale activity currently give sellers the stronger near-term position. Holding $53.67 keeps recovery alive, but $57.10 remains the crucial upside hurdle.

Someone really likes Monero right now. A newly created wallet dropped 3.56 million USDC onto Hyperliquid, the decentralized perpetual exchange, and immediately opened a leveraged long position on 36,000 XMR tokens. At entry prices hovering between $395 and $400, the notional value of the trade clocks in at roughly $14.33 million.

The trader then set a take-profit ladder between $475 and $516, suggesting they’re expecting XMR to rally another 20% to 30% from current levels.

Breaking down the trade The position uses approximately 4x leverage, meaning the trader’s $3.56 million in deposited collateral is controlling a position worth more than four times that amount.

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On-chain analytics from Lookonchain first flagged the whale activity on August 10, 2026. The wallet in question appears to have been created specifically for this trade, which is a common pattern among large traders looking to keep their broader portfolio activity under wraps.

XMR has gained nearly 10% over the past week, trading in a range between $393 and $402 after breaking through a descending trendline that had been capping price action.

Hyperliquid is a decentralized exchange specializing in perpetual futures that operates on its own Layer-1 blockchain to facilitate on-chain order books and leveraged trading. Perpetual futures allow traders to bet on price movements without actually buying the underlying asset — you’re trading a synthetic contract that tracks XMR’s price, settled in stablecoins, with leverage available to amplify exposure.

This distinction matters for Monero in particular. XMR has been delisted from several major centralized exchanges over the years due to regulatory concerns around its privacy features, making it harder to trade in traditional spot markets. Perpetual futures on platforms like Hyperliquid offer an alternative route for traders who want exposure without navigating the shrinking list of venues that still support direct XMR trading.

A pattern of whale interest This isn’t the first time a large trader has taken a sizable XMR position on Hyperliquid. Earlier in 2026, a similar whale trade surfaced involving a $2.27 million USDC deposit used to open a 2x leveraged long on Monero. The current trade is significantly larger in both collateral and leverage.

The take-profit range of $475 to $516 would represent a roughly 19% to 29% move from the entry zone. At 4x leverage, a 25% adverse move would wipe out the collateral entirely without intervention.

With spot market access becoming increasingly restricted, decentralized perpetual exchanges are absorbing a growing share of XMR volume. That means XMR’s price discovery is happening less on order books where actual coins change hands and more on synthetic markets where stablecoins serve as the medium of exchange. Hyperliquid, which operates without traditional KYC requirements for most users, is a natural landing spot for that flow.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Key Highlights The HyperLabs team released 433,025 HYPE tokens (approximately $23.46M) and transferred them through Flowdesk to exchanges like OKX and Bybit Blockchain analyst Ember verified that 75,000 HYPE (roughly $4.19M) was swapped to USDC on the Hyperliquid platform HYPE price stood near $54.60 on Aug. 9, sliding from approximately $56.16 on Aug. 7, representing a 28% decline from its June high of ~$77 The protocol’s gross revenue has contracted 43% from approximately $357M in Q3 2025 to around $202M in Q2 2026 While open interest reached an all-time high of $11B on July 13, the HIP-3 builder fee-sharing mechanism now accounts for 18% of gross revenue On Aug. 8, HyperLabs initiated an unlock of 433,025 HYPE tokens valued at approximately $23.46 million, routing them through market maker Flowdesk before directing them to deposit wallets at major exchanges OKX and Bybit.

The movement was initially spotted by blockchain monitoring service Lookonchain, which characterized the transfers as “likely to sell.” However, this designation represents an analysis of wallet patterns rather than definitive proof of liquidation, as tokens transferred to exchanges may serve various purposes including custody arrangements or liquidity provision.

Additional blockchain intelligence from analyst Ember offered more concrete evidence regarding a portion of the unlock. From the 165,000 HYPE channeled through Flowdesk, 75,000 tokens representing approximately $4.19 million were directly converted to USDC on the Hyperliquid platform itself. An additional 90,000 HYPE valued at roughly $5.04 million was deposited to wallets at OKX and Bybit.

The disposition of the remaining tokens from the full 433,025 unlock remains unconfirmed through available blockchain records.

HYPE was trading at approximately $56.16 on Aug. 7 before slipping to around $54.06 on Aug. 8. While this decline aligned temporally with the team’s token movements, correlation in timing doesn’t necessarily establish causation for the entire price movement.

Hyperliquid (HYPE) Price Protocol Revenue Continues Downward Trend Despite Volume Growth This token unlock arrives during a challenging period for Hyperliquid’s revenue performance. The protocol’s gross revenue reached its zenith at approximately $357 million in Q3 2025 and has experienced consecutive quarterly declines, falling to about $202 million in Q2 2026 — representing a 43% contraction, based on DefiLlama analytics.

Source: Shaurya Malwa/CoinDesk Open interest achieved a milestone of $11 billion on July 13. The platform currently captures approximately 9% of total global perpetual positions, increasing from below 7% in late May.

The divergence between expanding volume and contracting revenue primarily traces back to HIP-3, an initiative introduced in October 2025 that permits anyone staking 500,000 HYPE to launch custom perpetual markets while retaining up to 50% of generated trading fees. Markets deployed by builders have expanded from approximately 2% of perpetual volume at the beginning of 2026 to roughly half of total volume currently.

Revenue costs have climbed from under 6% of gross revenue in Q2 2025 to 18% one year later.

Tokenized Assets Emerge as Platform Leaders Perpetual contracts tracking real-world assets — including crude oil, gold, Nvidia, Tesla, a Nasdaq-100 index tracker, and pre-IPO offerings like SpaceX — reached record open interest of $3.6 billion this month. During the period from July 13 to July 19, tokenized equities and commodities generated $25 billion in trading volume, comprising 52% of the week’s total activity.

Trade.xyz represents more than 90% of all HIP-3 open interest. On Monday, a single transaction on an illiquid Korean pre-market platform caused Trade.xyz’s SK Hynix contract to plunge 19%, triggering liquidations that the company has subsequently committed to compensating.

Spot HYPE exchange-traded funds recorded their first weekly outflow during the week ending July 17, totaling approximately $7 million and breaking a nine-week streak of inflows.

The Assistance Fund acquired roughly $149 million worth of HYPE during Q2 2026, down from nearly $290 million in Q3 2025.

Blockchain data from Lookonchain indicated that despite recent institutional distribution, three freshly established wallets extracted 165,425 HYPE valued at $9.16 million from FalconX during the past five days — indicating that certain market participants continue to accumulate positions at present price levels.

https://twitter.com/lookonchain/status/2086676440070901958?s=20

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There is a significant difference between Bitcoin traders on Binance and Hyperliquid, as evidenced by the cumulative volume delta, which shows that aggressive buying is almost exclusively concentrated on the larger centralized exchange. According to the given one-week BTC CVD chart, Binance reached roughly $1.09 billion on August 10, while Hyperliquid only has $22.46 million. 

Enormous disparityAccordingly, Binance's number is approximately 48.5 times larger than Hyperliquid's, or 4,753% higher.

The difference between market buy and market sell volume over time is measured by CVD, or cumulative volume delta. Stronger market selling is indicated by a declining CVD, whereas a rising reading typically indicates aggressive buyers are consuming available sell-side liquidity.

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Source: Velo_xyzThe two platforms stand in stark contrast to one another. Since August 4, Binance's CVD has increased nearly steadily, with multiple rapid increases pushing it over the $1 billion mark. After exhibiting some initial positive activity, Hyperliquid returned to neutral territory. 

By August 10, its CVD had only slightly recovered to $22.46 million. This implies that rather than being consistent across major trading venues, the current wave of aggressive demand for Bitcoin has a significant Binance component. 

Bitcoin in consolidation phaseHowever, the price has not reacted to that buying pressure proportionately. While significant resistance continues to limit the larger technical structure, Bitcoin is consolidating around $65,000. This disparity is significant because it may be a sign that passive sellers are absorbing aggressive market purchases if there is a consistent positive CVD and a comparatively flat price. 

Additional context for activity within the Binance ecosystem can be found in the separate BNB chart. After rising above shorter moving averages around $586 and $575, BNB is currently trading close to $605. The RSI has increased to roughly 65, indicating growing momentum. 

Nonetheless, the significant long-term moving average for BNB is still close to $646, which remains a crucial resistance level. As a result, the Binance-Hyperliquid divergence indicates the current concentration of aggressive Bitcoin order flow, but it does not necessarily indicate a bullish breakout signal. 

The order-flow imbalance would become much more significant if Binance CVD keeps rising and Bitcoin eventually breaks through local resistance. Absorption becomes the more significant risk to monitor if Bitcoin stays stagnant despite ongoing purchases.

Robinhood has marked a significant milestone in its onchain activity, reporting a surge in real-world asset (RWA) transfers and expanding its services to the United Kingdom. The company’s blockchain platform, known for supporting RWA transactions, has maintained notable user engagement and robust momentum.

RWA Transfer Volume Reaches New HeightsRecent data released by the Real-World Asset Foundation indicates that Robinhood’s RWA transfer volume soared to $1.65 billion. This figure reflects a remarkable increase of 3,201.20% over the past month, nearly doubling the previous record of $800 million recorded in late July.

Analysts attributed the sharp rise in volume to growing interest among users looking for new opportunities within the crypto and RWA sectors. The surge in activity demonstrates both the attractiveness of Robinhood’s new blockchain and the expansion of RWA services within the platform.

Compared to its earlier monthly total, Robinhood’s RWA transfer volume has now reached $1.65 billion, marking an explosive period of growth for the platform and highlighting the scale of adoption in recent weeks.

Observers suggest that the dramatic volume increase over a two-week timeframe points to unprecedented activity on Robinhood Chain, as users explore novel financial products and integrated asset classes.

UK Expansion Brings Wider Access to CryptoAlongside the onchain success, Robinhood recently announced the launch of its crypto trading services in the UK. The rollout utilizes Bitstamp’s infrastructure to extend commission-free trading options to users in the region.

Crypto traders in the UK now have access to Robinhood’s major tokens like Bitcoin, Ethereum, XRP, and Hyperliquid, as well as other listed cryptocurrencies. Additionally, users can take advantage of Robinhood’s stocks and shares ISAs, as well as equities, options, and futures products, all within a single platform.

This expansion signals Robinhood’s broader ambition to become a truly global provider of crypto services, blending digital asset functionality with traditional finance products.

With its expanded offerings, Robinhood enables seamless access to both traditional and digital assets for a growing number of international clients, supporting wider adoption in the crypto economy.

Against the backdrop of rising RWA volumes, the platform also demonstrates commitment to enhancing its global footprint and providing more flexible asset management solutions for users in different markets.

For investors monitoring key resistance levels or considering cross-sector diversification strategies, innovations like 1stepSwap have become increasingly relevant. 1stepSwap stands out as a practical solution bridging traditional finance and the crypto sector by bringing real-world assets such as shares of major U.S. companies and commodities like gold and silver directly onto the blockchain. The platform’s core advantage is its ability to secure the best market price at any given moment, allowing users to buy or sell leading stocks instantly and always at competitive rates—all managed straight from their wallet without unnecessary intermediaries or complex steps.

Market watchers continue to monitor the RWA ecosystem, with Robinhood at the forefront of developments that could shape the broader integration of real-world assets and digital tokens on a global scale.

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.

PANews August 10 news, according to CoinDesk, trading activity on the Hyperliquid platform hit a record, but the platform's retained revenue has continued to decline. On July 13, its open interest broke through $11 billion, hitting a new high for the year; over the past 30 days, perpetual futures trading volume reached roughly $178 billion, accounting for about 9% of global perpetual futures OI. However, Hyperliquid's revenue has fallen for four consecutive quarters, from roughly $357 million in Q3 2025 to roughly $202 million in Q2 2026, a cumulative drop of about 43%. The revenue shortfall stems from a fee-sharing program that allocates half the platform's trading volume to external contract developers.

Since October 2025, the HIP-3 builder-deployed markets have allowed anyone staking 500,000 HYPE (roughly $28 million) to deploy their own perpetual futures market on Hyperliquid and retain up to half the trading fees. In early 2026, these builder markets accounted for only about 2% of volume, but that share has now risen to about half. Over the same period, Hyperliquid's cost of revenue as a share of total revenue also rose from under 6% in Q2 2025 to 18% a year later. The fastest-growing segment is RWA perpetuals. Contracts linked to crude oil, gold, Nvidia, Tesla, the Nasdaq 100, and private companies such as SpaceX saw open interest hit a record $3.6 billion this month, surpassing bitcoin to become the platform's largest market.