Track market-moving stories before they get noisy

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.

This site is protected by reCAPTCHA.

BitGo clients can now access Hyperliquid perpetuals through existing self-custody hot wallets after a one-time activation, the company said in a Sept. 10 statement.

The capability allows eligible clients to connect their wallets to Hyperliquid through WalletConnect and manage perpetual positions without setting up a new wallet or approving each trading action through BitGo.

Advertisement

Once activated, clients can place, modify and close orders without providing a new BitGo wallet signature or making a separate onchain gas payment for each order, the team stated. BitGo’s existing approval requirements remain in place for deposits and withdrawals that require wallet transactions, including any multi-user approvals configured by the client.

The capability establishes a permissioned connection between BitGo and Hyperliquid without exposing private keys, according to the company. BitGo said the integration forms part of its effort to provide institutional digital asset infrastructure across networks and onchain applications.

Access is limited to eligible clients and is unavailable in jurisdictions including the US, UK and Canada where leveraged digital asset derivatives are restricted.

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

Crypto for Advisors: Hyperliquid and the future of finance

According to EmberCN’s monitoring, amid tonight’s market downturn, the largest long position holder on Hyperliquid has seen their roughly $233 million in long positions flip from profit to loss, with an unrealized loss of around $3.39 million. The address previously closed $537 million in long positions on August 25, booking a $61.72 million profit, before reopening long positions on August 28. Currently, it holds approximately 1,400 BTC (valued at ~$110 million) with an average entry price of $78,672, resulting in an unrealized loss of ~$1.94 million; it also holds 50,000 ETH (valued at ~$123 million) with an average entry price of $2,469, for an unrealized loss of ~$1.45 million. Notably, the long positions this address established in May were stuck in losses for about three months, with the maximum unrealized loss once hitting $120 million. It finally broke even and exited with a $61.72 million profit in August, and now its newly reopened long positions are again in unrealized loss.

Relevant content

Oracle's Q1 results beat expectations, climbing more than 5% in after-hours trading.

Oracle has announced its fiscal 2027 first quarter results: adjusted earnings per share (EPS) stood at $1.92, beating the market consensus estimate of $1.75; adjusted total revenue hit $19.35 billion, also exceeding the $19.13 billion forecast. By business segment, cloud infrastructure (IaaS) revenue reached $7.39 billion, surpassing expectations of $7.19 billion; software support revenue totaled $4.9 billion, slightly above the $4.88 billion estimate; software license revenue came in at $655 million, however, missing the $718.8 million forecast. Boosted by the strong results and cloud business performance, Oracle (ORCL) saw its U.S. stock rise more than 5% in after-hours trading. In recent years, Oracle has been accelerating its heavy bet on AI cloud infrastructure. At the end of its last fiscal year, the company’s remaining performance obligations (RPO) reached $638 billion, up 363% year-over-year, with large-scale AI cloud contracts acting as a key driver of order growth.

35 minutes ago

European regulators warn Polymarket and Kalshi that they may lack the necessary licenses to serve EU users.

The European Securities and Markets Authority (ESMA) released its latest risk report, stating that major prediction market platforms including Polymarket and Kalshi currently lack the required authorization to offer event contracts to EU users under normal circumstances. ESMA noted that the regulatory nature of event contracts depends on the specific product, which may be classified as financial instruments, crypto assets subject to the MiCA framework, or fall under gambling regulations of EU member states. If categorized as financial instruments, they typically qualify as derivatives and may be subject to EU retail restrictions on binary options. ESMA also questioned the current EU region restrictions imposed by Polymarket and Kalshi, pointing out that the two platforms only restrict access to some member states, and it remains unclear why all EU countries have not been included in the restricted list, while there is also a risk of VPNs being used to bypass geographic restrictions. In July this year, France ordered internet service providers to block Polymarket. In addition, ESMA warned that the AI boom could become a new risk transmission channel for the crypto market. If AI investment returns fall short of expectations or there is a sell-off in tech stocks, large investors may sell highly liquid risky assets including crypto assets to raise cash. ESMA data shows that Bitcoin fell 35% in the first half of 2026, with outflows from US spot Bitcoin ETFs exceeding $5.5 billion over the same period. ESMA has previously clarified that if event contracts are classified as financial instruments, their distribution in the EU requires an investment firm license and may be subject to retail bans on binary options.

35 minutes ago

The US SEC intends to make blockchain the official record for securities ownership, marking a key regulatory breakthrough for tokenized stocks.

The U.S. Securities and Exchange Commission (SEC) recently proposed reforms to rules for registered transfer agents, aiming to explicitly allow electronic databases—including blockchain—as official records of securities ownership. Currently, tokenized securities often have both on-chain token ledgers and off-chain official shareholder registers; the need to continuously reconcile these two systems increases operational costs and legal risks. If the new rules are approved, blockchain is expected to serve as the primary record for securities, eliminating the need for tokenized securities to maintain duplicate off-chain ownership records. SEC Chair Paul Atkins stated that the reforms aim to align transfer agent rules with advancements in electronic record-keeping and blockchain technology. However, this does not mean tokenized securities will become fully permissionless assets. Issuers and transfer agents must still comply with regulatory requirements such as investor identity verification, transfer restrictions, succession protocols, and shareholder notifications; blockchain will primarily function as a legally recognized ownership record infrastructure. The SEC previously noted that, provided they meet federal securities laws’ requirements for record-keeping, reporting, and audits, registered transfer agents may use distributed ledgers as official shareholder registers without maintaining additional off-chain "digital twin" records. The rule proposal is open for public comment for 60 days. If finalized, blockchain will further evolve from a "technical shell" for tokenized securities to a core component of U.S. securities market infrastructure, removing key legal and operational barriers to the full on-chain migration of traditional assets like stocks and funds.

35 minutes ago

Trump to distribute $500 healthcare "refunds" to nearly one million people.

On September 10, the Trump administration announced it would issue a one-time $500 "refund" to nearly 1 million enrollees in the Affordable Care Act (Obamacare), with disbursements scheduled for October—just weeks ahead of the U.S. midterm elections. Eligible consumers are primarily those who purchased Obamacare plans via HealthCare.gov, have incomes roughly four times the federal poverty level, and did not receive federal subsidies, covering 30 states. The White House said the funds are refunds for unused health insurance marketplace operating fees previously collected by the federal government, arguing these costs were ultimately passed on to consumers. However, the policy has sparked controversy. Health policy experts point out that the Biden administration actually lowered ACA marketplace user rates, and such fees are not the main driver of this year’s sharp premium hikes. Meanwhile, after additional health insurance subsidies expired, many consumers face thousands of dollars in premium increases this year, with the $500 refund covering only a small portion of that cost. Notably, Trump’s refund announcement comes as midterm elections near. Earlier, he also proposed that if the Republican Party holds onto control of Congress in the November midterms, it would distribute $5,000 "dividends" to U.S. households. As healthcare, cost of living and other issues remain top voter concerns, the Trump administration is ramping up policies that directly deliver economic benefits to the public.

35 minutes ago

Codex Head of Product: Suspends new subscriptions for the $200 Pro plan.

Beating AI Express News: OpenAI Codex product lead Tibo stated, "To ensure existing users get an excellent experience and can continue using Astra, we are pausing new subscriptions to the $200 monthly Pro plan. This plan puts the most strain on our systems, so we want to make the smallest adjustment possible to keep access open to as many users as we can. All other plans and API services remain fully operational. Existing accounts will not be affected at all, and we are working to add more capacity as quickly as possible."

35 minutes ago

The three major U.S. stock indexes closed lower, with Apple rising more than 3% and PURR falling 8.49%.

US stocks closed Thursday: The Dow Jones fell 0.6%, the S&P 500 dropped 0.58%, and the Nasdaq declined 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) dropped 5.5%, SK Hynix (SKHY.O) declined 5.2%, while Apple (AAPL.O) gained 3.5%. Among crypto-related concept stocks: MSTR fell 3.12%, CRCL dropped 2.82%, COIN declined 1.40%, SBET fell 1.29%, PURR plunged 8.49%, and HOOD fell 1.69%.

35 minutes ago

According to official announcements, Hyperliquid has launched trading for the SNXX contract, the Tradr 2X Long SNDK Daily ETF, with a maximum leverage of 10x. Data shows that the SNXX code was purchased by trade.xyz for 500 HYPE.

Relevant content

Oracle's Q1 results beat expectations, climbing more than 5% in after-hours trading.

Oracle has announced its fiscal 2027 first quarter results: adjusted earnings per share (EPS) stood at $1.92, beating the market consensus estimate of $1.75; adjusted total revenue hit $19.35 billion, also exceeding the $19.13 billion forecast. By business segment, cloud infrastructure (IaaS) revenue reached $7.39 billion, surpassing expectations of $7.19 billion; software support revenue totaled $4.9 billion, slightly above the $4.88 billion estimate; software license revenue came in at $655 million, however, missing the $718.8 million forecast. Boosted by the strong results and cloud business performance, Oracle (ORCL) saw its U.S. stock rise more than 5% in after-hours trading. In recent years, Oracle has been accelerating its heavy bet on AI cloud infrastructure. At the end of its last fiscal year, the company’s remaining performance obligations (RPO) reached $638 billion, up 363% year-over-year, with large-scale AI cloud contracts acting as a key driver of order growth.

35 minutes ago

European regulators warn Polymarket and Kalshi that they may lack the necessary licenses to serve EU users.

The European Securities and Markets Authority (ESMA) released its latest risk report, stating that major prediction market platforms including Polymarket and Kalshi currently lack the required authorization to offer event contracts to EU users under normal circumstances. ESMA noted that the regulatory nature of event contracts depends on the specific product, which may be classified as financial instruments, crypto assets subject to the MiCA framework, or fall under gambling regulations of EU member states. If categorized as financial instruments, they typically qualify as derivatives and may be subject to EU retail restrictions on binary options. ESMA also questioned the current EU region restrictions imposed by Polymarket and Kalshi, pointing out that the two platforms only restrict access to some member states, and it remains unclear why all EU countries have not been included in the restricted list, while there is also a risk of VPNs being used to bypass geographic restrictions. In July this year, France ordered internet service providers to block Polymarket. In addition, ESMA warned that the AI boom could become a new risk transmission channel for the crypto market. If AI investment returns fall short of expectations or there is a sell-off in tech stocks, large investors may sell highly liquid risky assets including crypto assets to raise cash. ESMA data shows that Bitcoin fell 35% in the first half of 2026, with outflows from US spot Bitcoin ETFs exceeding $5.5 billion over the same period. ESMA has previously clarified that if event contracts are classified as financial instruments, their distribution in the EU requires an investment firm license and may be subject to retail bans on binary options.

35 minutes ago

The US SEC intends to make blockchain the official record for securities ownership, marking a key regulatory breakthrough for tokenized stocks.

The U.S. Securities and Exchange Commission (SEC) recently proposed reforms to rules for registered transfer agents, aiming to explicitly allow electronic databases—including blockchain—as official records of securities ownership. Currently, tokenized securities often have both on-chain token ledgers and off-chain official shareholder registers; the need to continuously reconcile these two systems increases operational costs and legal risks. If the new rules are approved, blockchain is expected to serve as the primary record for securities, eliminating the need for tokenized securities to maintain duplicate off-chain ownership records. SEC Chair Paul Atkins stated that the reforms aim to align transfer agent rules with advancements in electronic record-keeping and blockchain technology. However, this does not mean tokenized securities will become fully permissionless assets. Issuers and transfer agents must still comply with regulatory requirements such as investor identity verification, transfer restrictions, succession protocols, and shareholder notifications; blockchain will primarily function as a legally recognized ownership record infrastructure. The SEC previously noted that, provided they meet federal securities laws’ requirements for record-keeping, reporting, and audits, registered transfer agents may use distributed ledgers as official shareholder registers without maintaining additional off-chain "digital twin" records. The rule proposal is open for public comment for 60 days. If finalized, blockchain will further evolve from a "technical shell" for tokenized securities to a core component of U.S. securities market infrastructure, removing key legal and operational barriers to the full on-chain migration of traditional assets like stocks and funds.

35 minutes ago

Trump to distribute $500 healthcare "refunds" to nearly one million people.

On September 10, the Trump administration announced it would issue a one-time $500 "refund" to nearly 1 million enrollees in the Affordable Care Act (Obamacare), with disbursements scheduled for October—just weeks ahead of the U.S. midterm elections. Eligible consumers are primarily those who purchased Obamacare plans via HealthCare.gov, have incomes roughly four times the federal poverty level, and did not receive federal subsidies, covering 30 states. The White House said the funds are refunds for unused health insurance marketplace operating fees previously collected by the federal government, arguing these costs were ultimately passed on to consumers. However, the policy has sparked controversy. Health policy experts point out that the Biden administration actually lowered ACA marketplace user rates, and such fees are not the main driver of this year’s sharp premium hikes. Meanwhile, after additional health insurance subsidies expired, many consumers face thousands of dollars in premium increases this year, with the $500 refund covering only a small portion of that cost. Notably, Trump’s refund announcement comes as midterm elections near. Earlier, he also proposed that if the Republican Party holds onto control of Congress in the November midterms, it would distribute $5,000 "dividends" to U.S. households. As healthcare, cost of living and other issues remain top voter concerns, the Trump administration is ramping up policies that directly deliver economic benefits to the public.

35 minutes ago

Codex Head of Product: Suspends new subscriptions for the $200 Pro plan.

Beating AI Express News: OpenAI Codex product lead Tibo stated, "To ensure existing users get an excellent experience and can continue using Astra, we are pausing new subscriptions to the $200 monthly Pro plan. This plan puts the most strain on our systems, so we want to make the smallest adjustment possible to keep access open to as many users as we can. All other plans and API services remain fully operational. Existing accounts will not be affected at all, and we are working to add more capacity as quickly as possible."

35 minutes ago

The three major U.S. stock indexes closed lower, with Apple rising more than 3% and PURR falling 8.49%.

US stocks closed Thursday: The Dow Jones fell 0.6%, the S&P 500 dropped 0.58%, and the Nasdaq declined 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) dropped 5.5%, SK Hynix (SKHY.O) declined 5.2%, while Apple (AAPL.O) gained 3.5%. Among crypto-related concept stocks: MSTR fell 3.12%, CRCL dropped 2.82%, COIN declined 1.40%, SBET fell 1.29%, PURR plunged 8.49%, and HOOD fell 1.69%.

35 minutes ago

Kraken created a new Hyperliquid-backed token, kHYPE. The creation of KHYPE creates a direct link for users of Hyperliquid [HYPE] to use as collateral in decentralized financial transactions (DeFi) on the platform Ink.

Each kHYPE has the same value as a 1:1 ratio to HYPE, which is being kept in segregated accounts. This eliminates the possibility of an uncollateralized token issuance.

In addition, users are capable of verifying that each mint of kHYPE will remain fully collateralized through publicly verifiable reserve reporting.

Furthermore, since there is no fee associated with redeeming kHYPE, users may be encouraged to move their assets back and forth between Kraken and Ink. Therefore, this will further expand the liquidity existing outside the central marketplace.

Source: X However, once kHYPE has been redeemed, kHYPE cannot be utilized again for generating additional Kraken staking rewards. In turn, users are going to need to decide whether they want to earn income or create some type of DeFi-based utility with their holdings.

In that case, an increase in supply, holders, and transfers represents true adoptions of Kraken compared to short-term launch hype.

Still, growth in the total amount of Kraken-linked stakes will show if the integration leads to greater involvement by Hyperliquid in its broader ecosystem.

Whale locks up 1.89M HYPE Beyond Kraken’s larger hype support, whale 0x8e48 shows large investor conviction. The whale purchased an additional 116,427 HYPE tokens for approximately $9.91 million before transferring all the funds to staking.

This brings the total held HYPE tokens in 0x8e48’s wallets to 1.89 million HYPE tokens worth about $159 million at roughly $84 per token in 8 months.

Source: X Furthermore, by staking all the HYPE tokens, 0x8e48 effectively removed them from availability on the open market.

If demand were to increase in the future, there would be less supply of available tokens and potentially greater opportunities for upward movement in price. Still, despite that, a single account cannot influence the market.

If the account were to unstake some or all of its tokens, that would indicate that the long-term confidence that 0x8e48 has in Hype may be waning.

HYPE outflows challenge institutional demand While the whale kept adding HYPE, ETF flows showed whether regulated investors were following with similar demand too. The funds now hold $464.29 million in net assets.

Total inflows remain near $338 million, showing most ETF capital has stayed invested through recent price swings.

Source: SoSoValue Hence, this $5.29 million outflow, entirely from Bitwise’s BHYP fund, occurred after the late August HYPE rally. Simply, this indicates that some investors may have taken their profits near highs.

However, even though there was a sizeable amount of money withdrawn from the funds, they still maintain almost a historical high level of capital. Therefore, it does not appear to be immediately concerning.

Final Summary Hyperliquid’s demand strengthened through kHYPE utility and a whale’s fully staked 1.89 million-token position. HYPE ETF assets remain near $464 million, although further outflows could weaken broader institutional demand.

Coinbase has rebranded its Base App to Coinbase Wallet, shifting the product’s focus from social features to multi-chain transactions. Ryan Kass, head of product at Coinbase Wallet, stated that the rename marks a return to the product’s core positioning of “trading all assets”, meaning users will be able to trade assets on any blockchain via the Wallet. The product currently supports assets including Solana, Hyperliquid perpetual contracts, and multi-chain tokenized stocks. Coinbase will continue using the Wallet as a “test kitchen” for new assets and trading experiences. Kass added that new products like Robinhood Chain and Hyperliquid perpetuals will first launch on the Wallet, before being rolled out to Coinbase’s retail trading platform once they mature. This adjustment signals Coinbase is moving away from the “super app” strategy it had adopted for Base App. Launched in 2025, Base App sought to integrate crypto trading, social, messaging, AI tools, and the creator economy, but growth in its social and creator token businesses failed to meet expectations. Now, Coinbase is refocusing its competitive efforts on trading entry points. Facing competition from emerging on-chain trading platforms such as Robinhood Chain, Coinbase aims to establish the Wallet as an on-chain trading gateway that “can buy anything, anywhere” by expanding multi-chain asset coverage.

Relevant content

Oracle's Q1 results beat expectations, climbing more than 5% in after-hours trading.

Oracle has announced its fiscal 2027 first quarter results: adjusted earnings per share (EPS) stood at $1.92, beating the market consensus estimate of $1.75; adjusted total revenue hit $19.35 billion, also exceeding the $19.13 billion forecast. By business segment, cloud infrastructure (IaaS) revenue reached $7.39 billion, surpassing expectations of $7.19 billion; software support revenue totaled $4.9 billion, slightly above the $4.88 billion estimate; software license revenue came in at $655 million, however, missing the $718.8 million forecast. Boosted by the strong results and cloud business performance, Oracle (ORCL) saw its U.S. stock rise more than 5% in after-hours trading. In recent years, Oracle has been accelerating its heavy bet on AI cloud infrastructure. At the end of its last fiscal year, the company’s remaining performance obligations (RPO) reached $638 billion, up 363% year-over-year, with large-scale AI cloud contracts acting as a key driver of order growth.

35 minutes ago

European regulators warn Polymarket and Kalshi that they may lack the necessary licenses to serve EU users.

The European Securities and Markets Authority (ESMA) released its latest risk report, stating that major prediction market platforms including Polymarket and Kalshi currently lack the required authorization to offer event contracts to EU users under normal circumstances. ESMA noted that the regulatory nature of event contracts depends on the specific product, which may be classified as financial instruments, crypto assets subject to the MiCA framework, or fall under gambling regulations of EU member states. If categorized as financial instruments, they typically qualify as derivatives and may be subject to EU retail restrictions on binary options. ESMA also questioned the current EU region restrictions imposed by Polymarket and Kalshi, pointing out that the two platforms only restrict access to some member states, and it remains unclear why all EU countries have not been included in the restricted list, while there is also a risk of VPNs being used to bypass geographic restrictions. In July this year, France ordered internet service providers to block Polymarket. In addition, ESMA warned that the AI boom could become a new risk transmission channel for the crypto market. If AI investment returns fall short of expectations or there is a sell-off in tech stocks, large investors may sell highly liquid risky assets including crypto assets to raise cash. ESMA data shows that Bitcoin fell 35% in the first half of 2026, with outflows from US spot Bitcoin ETFs exceeding $5.5 billion over the same period. ESMA has previously clarified that if event contracts are classified as financial instruments, their distribution in the EU requires an investment firm license and may be subject to retail bans on binary options.

35 minutes ago

The US SEC intends to make blockchain the official record for securities ownership, marking a key regulatory breakthrough for tokenized stocks.

The U.S. Securities and Exchange Commission (SEC) recently proposed reforms to rules for registered transfer agents, aiming to explicitly allow electronic databases—including blockchain—as official records of securities ownership. Currently, tokenized securities often have both on-chain token ledgers and off-chain official shareholder registers; the need to continuously reconcile these two systems increases operational costs and legal risks. If the new rules are approved, blockchain is expected to serve as the primary record for securities, eliminating the need for tokenized securities to maintain duplicate off-chain ownership records. SEC Chair Paul Atkins stated that the reforms aim to align transfer agent rules with advancements in electronic record-keeping and blockchain technology. However, this does not mean tokenized securities will become fully permissionless assets. Issuers and transfer agents must still comply with regulatory requirements such as investor identity verification, transfer restrictions, succession protocols, and shareholder notifications; blockchain will primarily function as a legally recognized ownership record infrastructure. The SEC previously noted that, provided they meet federal securities laws’ requirements for record-keeping, reporting, and audits, registered transfer agents may use distributed ledgers as official shareholder registers without maintaining additional off-chain "digital twin" records. The rule proposal is open for public comment for 60 days. If finalized, blockchain will further evolve from a "technical shell" for tokenized securities to a core component of U.S. securities market infrastructure, removing key legal and operational barriers to the full on-chain migration of traditional assets like stocks and funds.

35 minutes ago

Trump to distribute $500 healthcare "refunds" to nearly one million people.

On September 10, the Trump administration announced it would issue a one-time $500 "refund" to nearly 1 million enrollees in the Affordable Care Act (Obamacare), with disbursements scheduled for October—just weeks ahead of the U.S. midterm elections. Eligible consumers are primarily those who purchased Obamacare plans via HealthCare.gov, have incomes roughly four times the federal poverty level, and did not receive federal subsidies, covering 30 states. The White House said the funds are refunds for unused health insurance marketplace operating fees previously collected by the federal government, arguing these costs were ultimately passed on to consumers. However, the policy has sparked controversy. Health policy experts point out that the Biden administration actually lowered ACA marketplace user rates, and such fees are not the main driver of this year’s sharp premium hikes. Meanwhile, after additional health insurance subsidies expired, many consumers face thousands of dollars in premium increases this year, with the $500 refund covering only a small portion of that cost. Notably, Trump’s refund announcement comes as midterm elections near. Earlier, he also proposed that if the Republican Party holds onto control of Congress in the November midterms, it would distribute $5,000 "dividends" to U.S. households. As healthcare, cost of living and other issues remain top voter concerns, the Trump administration is ramping up policies that directly deliver economic benefits to the public.

35 minutes ago

Codex Head of Product: Suspends new subscriptions for the $200 Pro plan.

Beating AI Express News: OpenAI Codex product lead Tibo stated, "To ensure existing users get an excellent experience and can continue using Astra, we are pausing new subscriptions to the $200 monthly Pro plan. This plan puts the most strain on our systems, so we want to make the smallest adjustment possible to keep access open to as many users as we can. All other plans and API services remain fully operational. Existing accounts will not be affected at all, and we are working to add more capacity as quickly as possible."

35 minutes ago

The three major U.S. stock indexes closed lower, with Apple rising more than 3% and PURR falling 8.49%.

US stocks closed Thursday: The Dow Jones fell 0.6%, the S&P 500 dropped 0.58%, and the Nasdaq declined 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) dropped 5.5%, SK Hynix (SKHY.O) declined 5.2%, while Apple (AAPL.O) gained 3.5%. Among crypto-related concept stocks: MSTR fell 3.12%, CRCL dropped 2.82%, COIN declined 1.40%, SBET fell 1.29%, PURR plunged 8.49%, and HOOD fell 1.69%.

35 minutes ago

Bitget has integrated Nasdaq’s official data source, becoming the first crypto platform in the industry to adopt this standard.

According to an official statement from Bitget, the crypto exchange has completed a full upgrade to its U.S. stock market data feed, officially integrating Nasdaq’s official data sources, making it the first crypto trading platform in the industry to adopt this data standard. Compared to its previous data model, Nasdaq’s official data delivers more accurate and timely market data to users, while maintaining better price stability and continuity amid sharp market volatility. To further ensure data quality, after integrating the official data, Bitget has built a multi-layered safeguard mechanism based on official metadata, covering data processing, real-time monitoring, quality comparison, simulation verification, and abnormal data filtering. As a core data service provider long relied on by global financial markets, Nasdaq’s data standards have been validated over years in the traditional finance sector. This upgrade also marks Bitget’s further advancement in building its global asset trading infrastructure. As its product offerings expand from digital assets to global assets including U.S. stocks, the platform will continue to enhance its underlying data, liquidity, and risk management capabilities, while introducing more mature institutional-grade market standards. It aims to deliver a more stable and efficient cross-market trading experience for both retail and institutional clients, and further strengthen the overall competitiveness of its panoramic trading platform (UEX).

1 minutes ago

Bonk Guy’s assets have shrunk by $5 million in the past 24 hours, and he has issued another bullish call for USELESS, urging investors to seize the "bottom-fishing opportunity".

Crypto KOL Bonk Guy has once again hyped USELESS on social media, claiming that USELESS is "the memecoin of this bull run" and is basically destined to reach a market cap of billions of dollars. During the recent downturn, numerous new holders have also flocked to USELESS. Ahead of Q4, every pullback in this price range represents a buying opportunity. Notably, GMGN data shows USELESS has dropped 23% from its all-time high set yesterday. Meanwhile, impacted by PONS’ decline, Bonk Guy’s personal meme wallet assets have shrunk by $5.07 million over the past 24 hours; he holds 15.8 million USELESS and 10.9 million PONS. BlockBeats Note: Meme coin trading is extremely volatile, largely driven by market sentiment and concept hype, with no actual value or use cases. Investors should be aware of the risks.

1 minutes ago

Osmosis plans to seize assets from the attacker and will use community-held Bitcoin to cover the Alloyed BTC shortfall.

According to Osmosis officials, the solution proposal developed to address the earlier Nomic chain nBTC incident has been released and is now open for community discussion. Per the proposal, the Osmosis governance community will consider seizing the previously frozen attacker assets and using BTC held in the community fund pool to cover the remaining collateral gap, with the goal of restoring full collateral support for Alloyed BTC. The proposal still requires governance discussion and voting; asset seizure or collateral replenishment has not yet been completed.

1 minutes ago

A whale purchased 767.8 BTC via THORChain over two days, at an average price of approximately $78,628.

According to EmberCN’s monitoring, a whale today continued a cross-chain purchase of 544.5 BTC via THORChain, valued at roughly $42.43 million. As of now, the whale has converted 60.37 million USDC into 767.8 BTC via THORChain over the past two days, with an average purchase price of approximately $78,628.

1 minutes ago

Samsung mocks Apple’s foldable screens, while Chinese domestic manufacturers have rolled out the next generation of foldable devices.

After the launch of Apple’s first foldable iPhone Duo, Samsung’s official U.S. account posted a series of mocking posts, claiming Apple was “eating leftover scraps”, sparking widespread market discussion. However, behind this “Apple vs. Samsung” feud, the actual technological competition landscape in the foldable phone sector may have long shifted. The iPhone Duo has an unfolded thickness of 5.2mm, weighs 254g, and a crease depth of approximately 150 microns. By comparison, the OPPO Find N5 has a crease of around 101 microns; Huawei’s Mate X6, via its Xuanwu Waterdrop hinge, reduces crease depth to roughly 5 microns; and Honor’s Magic V6 boasts an even slimmer unfolded thickness of just 4mm. In terms of product form, Apple’s first foldable adopts the traditional book-style inward-folding design, while Huawei has launched a tri-fold device, Honor and Xiaomi are focusing on vertical small foldables, and Chinese domestic manufacturers continue to compete in areas like hinges, hover functionality, slimness, and durability. On the market front, while Samsung remains the global leader in foldable phones, Chinese manufacturers are rapidly catching up. Driven by technological iteration and falling prices, competition in the foldable sector has shifted from an “Apple vs. Samsung” dynamic to a multi-dimensional competition led by Chinese brands. Samsung’s jab at Apple for “eating leftover scraps” may hold some truth, but the real pacesetters in today’s foldable race are those vying for lighter, thinner builds, smaller creases, and more diverse form factors.

1 minutes ago

Binance: Users with at least 246 points can claim 342 BSB tokens in the airdrop.

According to official announcements, users holding at least 246 Binance Alpha points can claim an airdrop of 342 BSB tokens via the Alpha event page. If the total reward is not fully distributed, the point threshold will automatically drop by 5 points every 5 minutes. Claiming the airdrop consumes 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the airdrop will be forfeited.

1 minutes ago

Hyperliquid’in yerel tokeni HYPE, yaklaşık 820 milyon dolar değerindeki planlı kilit açılımının ardından beklenen satış baskısına rağmen yükselişini koruyor. HYPE, 9 Eylül’de 81,82 dolara kadar geriledikten sonra yeniden yükselerek 86 doların üzerine çıktı. Token, böylece 89 dolarlık rekor seviyesine yaklaştı.

HYPE’taki bu hareket dikkat çekici çünkü 6 Eylül’de yaklaşık 9,92 milyon HYPE’ın kilidinin açılması planlanıyordu. O tarihte tokenlerin toplam değeri yaklaşık 820 milyon dolar seviyesindeydi. Buna rağmen piyasada büyük bir satış dalgası oluşmadı.

Peki yüz milyonlarca dolarlık potansiyel arz piyasaya girmişken HYPE neden hâlâ güçlü?

HYPE Kilit Açılımından Neden Etkilenmedi? İlk bakılması gereken nokta, “kilit açıldı” ile “tokenların tamamı satıldı” ifadesinin aynı şey olmaması.

6 Eylül’deki 9,92 milyon HYPE’lık miktar, çekirdek katkıcılar için planlanan token dilimini temsil ediyor. Tokenlerin tamamının aynı anda borsalara gönderilip satılması gerekmiyor. Geçmiş veriler de bu ayrımı destekliyor.

Mart ayındaki benzer 9,92 milyon HYPE’lık dilimin yalnızca 173.217 adedi, yani %1,75’i talep edilmişti.

Bu nedenle 820 milyon dolarlık rakamı doğrudan piyasaya giren satış miktarı olarak değerlendirmek yanıltıcı olabilir.

Hyperliquid’de HYPE Talebi Nereden Geliyor? HYPE fiyatının dirençli kalmasında Hyperliquid üzerindeki işlem faaliyetleri önemli bir rol oynuyor.

Platformdaki toplam açık pozisyon miktarı 14,3 milyar dolara ulaşarak rekor seviyeye yaklaştı. Bu verinin önemli bölümünü Hyperliquid’in temel sürekli vadeli işlem piyasaları oluşturuyor.

Açık pozisyon, vadeli işlemlerde hâlâ kapanmamış toplam pozisyon miktarını gösteriyor. Bu rakamın yükselmesi, platformdaki işlem faaliyetinin ve pozisyonların büyüdüğünü ortaya koyuyor.

Dolayısıyla HYPE üzerindeki potansiyel satış baskısının karşısında, protokolün kendi işlem faaliyetlerinden doğan güçlü bir talep bulunuyor.

Hyperliquid HYPE Yakmaya Devam Ediyor Platformun gelirleri de HYPE üzerinde doğrudan bir mekanizma oluşturuyor.

Son 24 saatlik dönemde Hyperliquid, ortalama 86,17 dolar fiyatla 15.350 HYPE satın alarak yaktı. Bu işlemin değeri yaklaşık 1,32 milyon dolar.

Toplam yakılan HYPE miktarı da 48,45 milyona ulaştı. Bu miktar maksimum arzın yaklaşık %4,84’üne denk geliyor.

Böylece platformdaki işlem faaliyetlerinden elde edilen gelirlerin bir bölümü HYPE alımlarına ve yakım mekanizmasına dönüşüyor.

HYPE İçin 90 Dolar Neden Önemli? HYPE’ın önündeki en önemli teknik bölge 88-90 dolar aralığında bulunuyor.

Token bu bölgede daha önce satış baskısıyla karşılaşırken, 90 dolar üzerinde günlük kapanış gelmesi halinde 95 dolar ve ardından 100 dolar seviyeleri gündeme gelebilir.

Aşağıda ise 82-83 dolar aralığı ilk destek bölgesi olarak izleniyor. 83 doların altında dört saatlik kapanış gelmesi halinde 81,82 dolarlık son dip yeniden test edilebilir.

Dolayısıyla kilit açılımının yarattığı arz baskısının gerçekten güçlenip güçlenmediğini anlamak için fiyatın özellikle bu destek ve direnç bölgelerindeki davranışı önem taşıyor.

820 Milyon Dolarlık HYPE Arzı Piyasaya Gelecek mi? HYPE’ın son hareketi, token kilit açılımlarında yalnızca takvimdeki rakama bakmanın yeterli olmadığını gösteriyor.

9,92 milyon HYPE’lık dilimin teorik değeri yaklaşık 820 milyon dolar olsa da geçmişte benzer miktarların tamamı piyasaya sürülmedi. Aynı zamanda Hyperliquid’deki işlem faaliyetleri ve devam eden HYPE alım-yakımları arz baskısını dengeleyebiliyor.

Bu nedenle HYPE açısından bundan sonraki gelişmelerde piyasaya gerçekten kaç tokenın gireceği, ne kadarının borsalara taşınacağı ve alıcıların bu arzı karşılayıp karşılayamayacağı izlenecek.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

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.

Open interest (OI) on Hyperliquid, a decentralized perpetuals exchange, has surged to $14.669 billion, reaching levels not observed in almost eleven months. According to DefiLlama data, OI crossed the $14 billion threshold on September 4 and has continued to climb steadily.

Steady growth since FebruaryHyperliquid’s open interest bottomed at approximately $4.76 billion in February 2026. Over the past seven months, OI has grown by about 210%. The increase has been gradual, with no single surge period, setting it apart from the rapid leverage build-up that occurred in October last year. Charts confirm this steady climb began in March, marking a shift toward sustained market participation rather than sudden influxes of capital.

Recent catalysts: Coinbase partnership, CFTC talks, token unlockSeveral developments in recent weeks have contributed to Hyperliquid’s momentum. On August 19, Coinbase announced that its Base app would start routing transactions through Hyperliquid-powered perpetual futures, giving users access to more than 290 perpetual markets, including those in crypto, commodities, and equities. This move opened Hyperliquid to a broader audience and deepened its market presence.

Coinbase introduced Hyperliquid’s perpetual futures to its Base app, allowing users to access hundreds of perp markets across various asset classes in a single interface.

A day later, US President Donald Trump brought regulatory attention to Hyperliquid by stating that the Commodity Futures Trading Commission (CFTC) was actively working to bring the platform onshore. On September 6, an unlock event released 9.92 million HYPE tokens, valued at around $820 million. Despite concerns that such a significant unlock could affect market stability, open interest reached a new local high the following day, reflecting strong trader confidence.

Shift from HIP-3 to core perpetuals marketsThe composition of open interest within Hyperliquid has shifted over the past month. Earlier in the year, builder-deployed HIP-3 markets were responsible for much of the growth, rising from 18% of OI to over 34% and surpassing $4 billion by August. However, recent data indicates that HIP-3 open interest has declined by approximately $200 million in the last month, while total OI increased by $3.8 billion.

Currently, growth is driven mainly by Hyperliquid’s core perpetuals markets. These core markets contribute about 99% of fees to HYPE token buybacks, while builder markets allow deployers to retain up to half of their generated fees. This shift means that recent expansion benefits the HYPE token more directly.

Mini dictionary: HIP-3 refers to builder-deployed markets on the Hyperliquid platform, allowing third-party developers to launch new trading pairs directly. These markets differ from core perpetuals, which are operated and curated by Hyperliquid itself.

Recent data from Artemis, as of September 8, shows that total open interest across tracked perpetuals DEXs stands at $19.2 billion, with Hyperliquid accounting for $14.6 billion. Its nearest competitors are Aster with $2.5 billion, Lighter at $1.1 billion, and edgeX at $598.6 million. Every other perpetual DEX on the list has under $210 million in open interest.

Perpetual DEXOpen InterestHyperliquid$14.6 billionAster$2.5 billionLighter$1.1 billionedgeX$598.6 millionOthersUnder $210 millionThis consolidation represents a significant change from late 2025, when competition among perpetual DEXs was more pronounced. The majority of positions currently open on Hyperliquid would previously have been found on centralized exchanges, indicating a shift in trader preferences toward decentralized venues.

Understanding open interest and its implicationsOpen interest reflects the total notional value of open positions on the platform. It does not represent net capital inflow, nor indicate whether market participants are holding long or short positions. High OI means greater potential for liquidations if prices change significantly, as occurred during volatility in October 2025.

Open interest is best understood as a measure of where traders are willing to maintain large positions, regardless of direction. The willingness to commit capital on Hyperliquid, specifically, has visibly increased.

The evolving landscape underscores growing confidence in decentralized derivatives, as traders continue to move substantial portfolios onto Hyperliquid.

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.

This site is protected by reCAPTCHA.

Jump Trading's Hyperliquid volume nears $150 billion, making the firm responsible for nearly 8% of perpetual futures activity overall.

Jump Trading’s cumulative trading volume on Hyperliquid has nearly reached $150 billion since the firm made its first deposit on December 12, 2025, according to Hyperdash co-founder Hanson Birringer, who mapped the firm’s entire activity on the exchange.

Jump operates one master account alongside 16 subaccounts, and its trading now represents almost 8% of all perpetual futures volume on Hyperliquid and 19% of volume in xyz markets.

Jump’s Hyperliquid Activity In July alone, its share rose to almost 18% of total exchange volume and 29% of xyz volume. Jump initially spent about a week testing the platform in December, during which it traded $153 million across BTC, SOL, and HYPE, before funding its master account and starting the sub-process creation.

Each wallet has a specific role, including separate accounts for crude oil, Brent, natural gas, and each new stock listing, while a larger book handles the S&P 500, XYZ100, SK Hynix, silver, gold, and memory-related names. The firm’s strategy is primarily driven by taker volume, as maker volume accounts for only 11% to 35% of fills across its activity. According to Birringer, this appears to be a hedging or arbitrage book paired with other venues to capture differences in spreads and funding rates.

Jump’s current book is long $32 million of Brent and $16 million of CL, while holding shorts in gold, silver, MU, NVDA, DRAM, SK Hynix, XYZ100, and megacap names. The positions total $145 million in notional against $63.6 million in account value. By individual market, the trading firm accounts for 38% of DRAM volume, 36% of NATGAS, 33% of Brent, 32% of SP500, 26% of XYZ100, and 16% of CL, compared with 2.6% of BTC volume.

Between April and August, the master account also increased its use of Hyperliquid’s gossip priority feature and paid 966 HYPE, mostly in May, before stopping. Jump has paid about $7 million in fees to the exchange so far, while generating only a few hundred thousand dollars of PNL, further supporting the view that its Hyperliquid activity is one part of a multi-venue market-making operation.

Its roughly $65 million of USDC margin on the exchange is also generating an additional $1.8 million in annual revenue for Hyperliquid through the recent AQAV2 fee accrual.

You may also like: Zcash (ZEC) Rockets 2,200% as Privacy Coins Become Crypto’s Biggest Outlier Multicoin Sells Another 10% of HYPE Stack as Holdings Fall From 4 Million Tokens Three Crypto Investing Mistakes Could Be Hiding a Much Bigger Opportunity Institutional Exposure HYPE hit an all-time high of $89.60 on September 6 and has remained close to that level three days later. The latest price rise came as new data revealed institutional holdings across three HYPE funds: the Bitwise Hyperliquid ETF, 21Shares Hyperliquid ETF, and Grayscale Hyperliquid Staking ETF. Bloomberg Intelligence ETF analyst James Seyffart recently said second-quarter 13F filings showed 30 investment managers holding a total of around $75 million in the funds.

Wealth High Governance Asset Management had the largest position at nearly $24 million, followed by OLP Capital Management at $10.5 million. UBS held $7.5 million, Bank of Montreal had about $6.7 million, and Jane Street Group held roughly $4.4 million. Other reported holders included Discovery Capital, Brevan Howard, Flow Traders, Virtu Financial, and HighTower Advisors.

Last month, Trump said Commodity Futures Trading Commission Chair Michael Selig was working to bring the perpetuals-focused trading platform into the US in a “fully compliant and legal fashion,” which added to expectations around its expansion into the country.

Tags:

According to EmberCN’s monitoring, crypto KOL XXAntiWar—who earlier booked over $860,000 in unrealized profit from chasing the "Niu Lai" rally—shorted ZEC worth $6.62 million in the early hours of today. 2.19 million USDC was transferred to his Hyperliquid address overnight, used to short 5,200 ZEC at an entry price of $1,273, amounting to $6.62 million.

Relevant content

White House insiders privately acknowledge that a war with Iran could last through the end of the presidential term, but Trump insists the conflict will end by November.

According to U.S. officials, Vice President JD Vance, Secretary of State Marco Rubio and other key aides discussed a scenario with Trump in the Oval Office and Situation Room: Even if the U.S. maintains its blockade and continues military operations, Tehran may still choose to resist, extending the conflict beyond the end of Trump’s term in January 2029. This assessment stands in sharp contrast to Trump’s public comments on Wednesday, in which he insisted the war would end “immediately” after the November midterm elections, as Iran “can’t hold on much longer.” The conflict is now in its seventh month, with 18 U.S. service members killed. Vance signaled last week that the conflict could drag on, saying he is uncertain when hostilities will end and refusing to provide “artificial timelines” that could be exploited by Iran. Signs of long-term war preparations are mounting. Treasury Secretary Scott Bessent has labeled the maritime blockade and sanctions strategy “Operation Economic Orphan,” framing it as an alternative to large-scale military operations. Defense Secretary Pete Hegseth has extended the deployment of some U.S. troops in the Middle East through 2027; the Pentagon plans to prolong air defense deployments with no set withdrawal date, and a third Marine Expeditionary Unit is set to deploy to the region this fall. Brookings Institution Iran expert Suzanne Maloney argues that the maritime blockade is unlikely to produce decisive results in the near or even medium term, noting its only realistic application is tied to a long-term siege plan. International Crisis Group expert Ali Vaez points out that Washington can continue to pressure Iran at a manageable cost, while Tehran can shift most of the pain onto its own people. “All parties are paying a price, but neither side’s leadership has paid enough to accept the other’s terms.”

4 minutes ago

EU extends 'central contact point' rule to crypto asset service providers

Last week, the European Commission adopted an enabling act expanding the Central Contact Point (CCP) framework—previously applicable only to e-money institutions and payment institutions—to Crypto Asset Service Providers (CASPs). This allows member state regulators to require locally operating crypto trading platforms and other such entities to designate local contacts. The revised CASPs are integrated into the anti-money laundering (AML) and compliance regulatory liaison network, giving regulators a fixed on-ground point of contact within their jurisdictions and strengthening information sharing and law enforcement cooperation.

4 minutes ago

Historical iPhone vs. Bitcoin Price Comparison: The foldable iPhone Duo is worth 0.025 BTC

Apple today unveiled its first foldable iPhone, the iPhone Duo, alongside Chinese mainland pricing for its new iPhone lineup: the iPhone 18 Pro starts at 9999 yuan, the iPhone 18 Pro Max starts at 10999 yuan, and the iPhone Duo starts at 15999 yuan. At current cryptocurrency prices, the iPhone Duo’s price equals 0.025 BTC. Estimated Bitcoin prices of previous iPhone launches are as follows: iPhone XS Max – 0.169 BTC, iPhone 11 Pro Max – 0.107 BTC, iPhone 12 Pro Max – 0.068 BTC, iPhone 13 Pro Max – 0.024 BTC, iPhone 14 Pro Max – 0.056 BTC, iPhone 15 Pro Max – 0.045 BTC, iPhone 16 Pro Max – 0.019 BTC, iPhone 17 Pro Max – 0.010 BTC, iPhone 18 Pro Max – 0.016 BTC.

4 minutes ago

Analysis: Crypto-stock Meme narratives rely on trading volume and market enthusiasm; once trading volume shrinks, sell pressure will follow closely.

Renowned DeFi researcher Ignas notes that the current crypto-meme narrative relies on trading volume and transaction fees, not fundamentals. Once trading volume shrinks, dividends, buybacks, and token burns immediately decline, reducing traders’ incentive to hold, which usually leads to selling pressure. Coinbase’s trading volume hit $547 billion in Q4 2021, falling to $145 billion a year later—a roughly 74% drop; for meme tokens, a 50% cut in trading volume can trigger a market cap decline of over 95%. Uniswap’s trading volume has already started to fall. The same logic applies to established DEXs like ZCAT, STONK, PONS, INDEX, SHROOM, CASHCAT, and RAY, which use transaction fees for buybacks: once volume dries up, their incentives vanish. Robinhood Chain’s weekly fee revenue was roughly 73% of Uniswap’s UNI token burn revenue last week, indicating market enthusiasm persists—but all projects are tied to one core assumption: that people will keep trading. Trading interest will only last until traders stop making profits or grow fed up with losses. Extrapolating full-year returns from current fee revenue is essentially predicting the market will never cool down—a ridiculous proposition.

4 minutes ago

Meme Coin BUN on Robinhood Chain Surpasses $37 Million Market Cap, Reaches All-Time High

According to GMGN data, the on-chain meme token Bundle Cat (BUN) on Robinhood has surged to a market cap of over $37 million, hitting an all-time high, with a 24-hour gain of 38% and trading volume of $1.5 million. Bundle Cat (BUN) is the mascot of Mosh and its first experimental token. Mosh is an experimental token issuance framework not yet fully launched on Robinhood Chain, and Bundle Cat (BUN) serves as its first test run. Mosh is a protocol layered on the Robinhood Chain launch platform, centered on the fair launch narrative of "community lockups + AI market making". Note: This token is not a finalized governance token, and its official endorsement remains unconfirmed. Investors should exercise caution. BlockBeats reminds users that most meme tokens lack practical use cases, are highly volatile, and require careful investment consideration.

4 minutes ago

A trader who added to their position in LAPTOP has suffered a total loss of 92%, amounting to $227,000.

According to EmberCN’s monitoring, a trader spent $200,000 buying LAPTOP tokens last night, only for the value to plummet to just $700 a few hours later. The trader added to their position in the early morning, spending $49,000 to purchase 24,367 LAPTOP at a price of $2 per token. LAPTOP has now fallen to $0.8 per token. The trader currently holds 25,286 LAPTOP, with an average cost basis of $9.8 per token, resulting in a 92% unrealized loss of $227,000.

4 minutes ago

Key Takeaways HYPE token has surged to a new all-time high of $88, marking a 50%+ gain throughout September 2026 Open interest on the Hyperliquid platform has climbed to an unprecedented $14.3 billion, representing a $3.57 billion monthly increase Mid-August integration with Coinbase’s Base App brought new users to the Hyperliquid platform The platform successfully absorbed a $820 million token unlock event on September 6 without significant downward pressure Token burn totals have exceeded 48.45 million HYPE, accounting for 4.84% of the total maximum supply The Hyperliquid native token HYPE has climbed to a fresh all-time high of $88, pushing its market capitalization close to the $20 billion threshold. This represents a remarkable surge of more than 50% over the current month.

Hyperliquid (HYPE) Price Total open interest throughout the Hyperliquid ecosystem has reached an all-time peak of $14.3 billion. This level stands just 3% below the $14.7 billion milestone achieved prior to the October 10, 2025 market collapse, when open interest plummeted 56% to $6.5 billion within 24 hours.

The platform’s resurgence occurred in two distinct waves. Initially, HIP-3, Hyperliquid’s builder framework, spearheaded the comeback. Between March 2026 and August, HIP-3’s proportion of aggregate open interest expanded from 18% to beyond 34%, with these markets registering $4.44 billion in OI.

Source: Coinglass The second phase has seen momentum transfer to Hyperliquid’s primary cryptocurrency perpetual trading markets. During the last 30 days, aggregate open interest increased by $3.57 billion, while HIP-3 markets experienced a $119 million decline.

Core Perpetuals Growth Drives HYPE Value The transition toward core perpetual markets carries significant implications for HYPE valuation. These primary markets channel approximately 97% of generated fees directly into HYPE token buyback programs. Conversely, HIP-3 builders retain the option to keep as much as 50% of fees generated within their respective markets.

During the most recent 24-hour period, Hyperliquid executed buybacks and burns of 15,350 HYPE tokens valued at roughly $1.32 million, with an average acquisition price of $86.17. Aggregate burns have now reached 48.45 million HYPE tokens, equivalent to 4.84% of the protocol’s maximum supply.

Two significant developments contributed to the recent open interest explosion. Coinbase initiated routing of Base App users toward Hyperliquid during mid-August. Additionally, President Trump announced that the CFTC is actively pursuing a framework to bring Hyperliquid operations onshore under regulatory oversight.

Major Unlock Event Failed to Halt Momentum A predetermined unlock of 9.92 million HYPE tokens—valued at approximately $820 million—occurred on September 6. Contrary to market apprehensions, the price maintained its upward trajectory toward $89. Analysis of previous unlock events revealed that only minimal quantities of released tokens historically made their way to centralized exchanges.

This is the picture we've been waiting for on $HYPE

Point of control at $82 has now lined up perfectly with the ascending support trendline, the volume shelf and the trend are holding as one. Every dip into this zone keeps getting bought.

Price is getting batted down at the… pic.twitter.com/GVK0XkXRRx

— MB.hl (@MBxxvv) September 8, 2026

Market analyst MB.hl provided detailed technical analysis via X, highlighting that the $82 point of control has converged with an ascending support trendline and a substantial volume shelf. The analyst emphasized that sophisticated traders maintain heavily skewed long positions at $74 million compared to just $15 million in shorts, with institutional players and prominent figures uniformly positioned bullishly. MB.hl expressed confidence that HYPE will mount another attempt at surpassing its all-time high.

Examining the daily timeframe, HYPE has rebounded from an intraday low of $81.82 to currently trade at $86.05. Critical resistance levels are positioned at $88–$90. A decisive close above the $90 threshold could establish a pathway toward $95, with $100 representing the subsequent target.

Hyperliquid [HYPE] faces a renewed supply concern as Galaxy Digital transferred around 95,270 HYPE, valued at nearly $8.11 million, to Bybit and OKX within four hours, as reported by Onchain Lens. 

The firm deposited 36,420 HYPE worth $3.10 million to Bybit and another 58,850 HYPE, valued around $5.01 million, to OKX.

Separately, a whale continued taking profits through a number of repeated exchange deposits. According to Lookonchain, the whale deposited 232,610 HYPE, worth $19.67 million, into Bybit and Gate within two weeks.

Both transactions combined placed nearly $27.78 million in HYPE onto exchanges, triggering a supply pressure.

Spot outflows counter concentrated selling At press time, Hyperliquid had recorded a negative spot netflow of near $3 million despite the deposits from the large holder. 

The negative figure does not represent the total withdrawal volume but rather indicates the aggregate outflows exceeded the inflows.Therefore, the broader withdrawals partly countered the exchange-side supply pressure created by Galaxy Digital and the whale deposits. 

Continued negative netflows could reduce the readily available supply on exchanges so long as demand remains stable, strengthening the accumulation narrative behind HYPE.

However, persistent selling from the larger-holders could challenge buyers, especially if these deposits eventually translate into sustained market sales.

Source: CoinGlass Funding rebound restores bullish positioning The derivatives’ positioning, on the other hand, added another layer of support as market participants rebuilt bullish exposure after a short-term bearish shift.

HYPE’s OI-Weighted Funding Rate recovered after dropping sharply into the negative territory on the 8th of September. Subsequently, the rate then returned to the positive territory, reaching approximately 0.006% on September 9.

Generally, a positive funding rate indicates that the long-position holders paid shorts, implying fresh long-side positioning across the derivatives markets. However, for this case, the abrupt reversal also reflected rapidly changing market participants’ positioning. 

The growing long exposure could support HYPE in case buyers continue absorbing the large-holder supply. Alternatively, strong leverage could likely increase the risks associated with downside liquidation in case the concentrated selling overwhelms demand.

Source: CoinGlass RSI divergence challenges HYPE’s rising structure On the daily timeframe chart, HYPE preserved its ascending channel structure after the broader recovery carried the price above the $76.54 resistance zone. 

At the time of analysis, HYPE traded around the $86.48 area, keeping the $88.14 price level as the immediate barrier hindering further upside advance. 

However, the RSI indicator introduced developing weakness beneath the bullish price structure set up. The indicator declined towards the 63.75 level after previously pushing above the 80 overbought territoy. 

More noteworthy, the RSI kept forming descending highs while HYPE continued forming higher highs within its rising channel structure. The bearish divergence implies that the buying strength weakened irrespective of the sustained price uptrend. 

Meanwhile, the Parabolic SAR remained below the prevailing price at $80.70, protecting the broader bullish structure despite the weakening RSI. 

Source: TradingView A successful breakout above the $88.14 resistance zone could therefore invalidate the divergence and open a move towards the $100 price level. 

However, persistent RSI bearish divergence could likely trigger a breakdown of the channel structure, bringing the $80.70 and $76.54 support levels back into focus.

Final Summary About $27.78 million in large-holder transfers tests HYPE as spot outflows counter added supply. HYPE remains inside its rising channel, although falling RSI warns of weakening buying strength.

SpaceX's intraday decline widens to 5%, currently trading at $146.

According to market data from BIT (bit.com), SpaceX (SPCX) has extended its intraday decline to 5%, currently trading at $146.

43 minutes ago

Project World is continuously optimizing its front-end UI, with user deposits secure and transactions functioning normally.

World, a full on-chain prediction market in the Solana ecosystem, announced in a post that its website is currently experiencing high traffic, with over 1 million users accessing the platform. User deposits remain secure, platform transactions are executing normally, and backend systems are operating as expected. The team is continuing to optimize the frontend user interface, and the overall operation of the platform is in good condition.

43 minutes ago

Iranian officials announced that Iran will escalate its crackdown operations in response to U.S. attacks.

Iranian officials have stated that Iran will escalate its retaliatory strikes in response to the U.S. attack. (Jinshi)

43 minutes ago

US Treasuries extended their decline after the repurchase announcement, with the market viewing the $6 billion cap as insufficient.

The U.S. Treasury Department said it will purchase between $40 billion and $60 billion in long-term government debt in the first operation of its expanded repurchase program, demonstrating Secretary Bessent’s resolve to curb the recent rise in borrowing costs. U.S. Treasuries extended their earlier decline following the announcement, indicating the program’s size fell short of some investors’ expectations. The success of the expanded purchase program remains to be seen. After the program was first announced last month, yields fell before rebounding later. The benchmark 10-year yield hit its highest level since 2023 last week. Economist Guha, a former staffer at the New York Fed, noted: “The challenge always lies in whether the impact of these interventions can persist without larger fundamental changes.” Moreover, the maximum size of the repurchase operation does not mean the Treasury will necessarily purchase that amount of Treasuries. However, in repurchases targeting long-term nominal debt, the department typically buys the full amount; since the program was relaunched in 2024, it has only failed to do so in two of 52 such operations. (Jinshi)

43 minutes ago

Eric Trump mocks Joe Biden’s son Hunter Biden over the botched launch of the LAPTOP token, saying he should go back to painting.

US President Donald Trump’s second son Eric Trump reposted a post about the meme coin LAPTOP’s sharp price crash after its launch, commenting: “Hunter should go back to painting.” His remarks target Hunter Biden, son of former US President Joe Biden, who launched the meme coin LAPTOP. The reposted post notes that LAPTOP plummeted 98% within minutes of going live, adding that the project had originally planned to allocate a portion of its tokens to users who incurred losses from TRUMP-related transactions.

43 minutes ago

Solana ecosystem prediction market World officially launches, opening to over 1 million waitlist users.

Solana ecosystem full on-chain prediction market World announced that its independent platform World.xyz has officially launched, with over 1 million users on its waitlist. The platform offers thousands of markets spanning sports, cryptocurrency, politics, finance, economics, and culture, covering all NFL regular seasons, 7 soccer leagues, F1 races, the 2026 U.S. midterm elections, and Federal Reserve interest rate decisions. Since integrating Phantom in July, World has launched more than 150,000 markets. Each market on the platform consists of "Yes" and "No" contracts, priced between $0 and $1, and settled using Phantom’s U.S. dollar stablecoin CASH. Technically, World leverages Chainlink Data Streams and Chainlink Runtime Environment to provide market data and automated settlements, reducing manual intervention and dispute resolution wait times. Prediction markets for stock price movements, gold, silver, oil, natural gas, computing power, and weather will be rolled out sequentially.

43 minutes ago

Renzo Protocol, best known for its liquid restaking infrastructure on EigenLayer, is branching into automated yield strategies with a new product called Renzo Basis. The tool will execute delta-neutral basis trades on Hyperliquid, the on-chain perpetual futures exchange that has quietly become one of the highest-volume trading venues in crypto.

The product will initially support two pairs: Bitcoin and HYPE, Hyperliquid’s native token. The pitch is straightforward: earn yield from funding rate payments without having to bet on which direction the market moves next.

How Renzo Basis actually works In crypto terms, a basis trade involves purchasing an asset on the spot market while simultaneously opening a short position on a perpetual futures contract for the same asset. When the futures market is trading at a premium to spot, which happens frequently because leveraged traders tend to be long-biased, the short position collects funding rate payments from those long traders.

The “delta-neutral” part means the two positions cancel each other out directionally. If Bitcoin rises 5%, your spot position gains value while your short loses roughly the same amount. The net effect on your principal is close to zero, but you keep collecting the funding payments.

What Renzo is doing with Basis is automating this entire process. Rather than requiring users to manually manage positions across spot and perpetual markets, the protocol handles the execution, rebalancing, and funding rate collection. This is not a brand new concept for Renzo. The protocol has previously operated managed vaults with basis and carry strategies, and it collaborated with Superstate on funds that utilized CME futures contracts. Renzo Basis represents a natural extension of that work, just ported onto a decentralized venue.

Why Hyperliquid makes sense as the venue Choosing Hyperliquid as the execution layer is a calculated move. The platform has emerged as one of the most active perpetual futures exchanges in the entire crypto ecosystem, with daily trading volumes measured in the hundreds of billions of dollars. That kind of liquidity is essential for basis trades because thin order books can introduce slippage that eats into the funding rate yield.

Hyperliquid also runs its own economic flywheel. The platform generates substantial fee revenue, a portion of which funds regular buybacks of the HYPE token. That creates an interesting dynamic for Renzo Basis users trading the HYPE pair: the token they are collecting yield on has a built-in demand mechanism from the exchange’s own profits.

The bigger picture for DeFi yield There are real risks worth noting. Funding rates are not guaranteed to stay positive. During bearish periods or market dislocations, funding can flip negative, meaning short positions pay long positions instead. When that happens, a basis trade bleeds money rather than generating it. How Renzo manages those periods, whether it unwinds positions, hedges further, or simply waits, will be a critical test of the product’s design.

Smart contract risk is another consideration. Automating trades across spot and perpetual markets on-chain introduces additional attack surfaces compared to a simple staking vault. Any exploit in the vault logic or in Hyperliquid’s infrastructure could put deposited funds at risk.

Fee structures and risk parameters for Renzo Basis have not yet been disclosed. For yield-hungry depositors, the math will ultimately come down to whether the funding rate income, after fees and accounting for periods of negative funding, justifies the smart contract risk and opportunity cost of locking capital in the product.

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

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.

This site is protected by reCAPTCHA.

SpaceX's intraday decline widens to 5%, currently trading at $146.

According to market data from BIT (bit.com), SpaceX (SPCX) has extended its intraday decline to 5%, currently trading at $146.

43 minutes ago

Project World is continuously optimizing its front-end UI, with user deposits secure and transactions functioning normally.

World, a full on-chain prediction market in the Solana ecosystem, announced in a post that its website is currently experiencing high traffic, with over 1 million users accessing the platform. User deposits remain secure, platform transactions are executing normally, and backend systems are operating as expected. The team is continuing to optimize the frontend user interface, and the overall operation of the platform is in good condition.

43 minutes ago

Iranian officials announced that Iran will escalate its crackdown operations in response to U.S. attacks.

Iranian officials have stated that Iran will escalate its retaliatory strikes in response to the U.S. attack. (Jinshi)

43 minutes ago

US Treasuries extended their decline after the repurchase announcement, with the market viewing the $6 billion cap as insufficient.

The U.S. Treasury Department said it will purchase between $40 billion and $60 billion in long-term government debt in the first operation of its expanded repurchase program, demonstrating Secretary Bessent’s resolve to curb the recent rise in borrowing costs. U.S. Treasuries extended their earlier decline following the announcement, indicating the program’s size fell short of some investors’ expectations. The success of the expanded purchase program remains to be seen. After the program was first announced last month, yields fell before rebounding later. The benchmark 10-year yield hit its highest level since 2023 last week. Economist Guha, a former staffer at the New York Fed, noted: “The challenge always lies in whether the impact of these interventions can persist without larger fundamental changes.” Moreover, the maximum size of the repurchase operation does not mean the Treasury will necessarily purchase that amount of Treasuries. However, in repurchases targeting long-term nominal debt, the department typically buys the full amount; since the program was relaunched in 2024, it has only failed to do so in two of 52 such operations. (Jinshi)

43 minutes ago

Eric Trump mocks Joe Biden’s son Hunter Biden over the botched launch of the LAPTOP token, saying he should go back to painting.

US President Donald Trump’s second son Eric Trump reposted a post about the meme coin LAPTOP’s sharp price crash after its launch, commenting: “Hunter should go back to painting.” His remarks target Hunter Biden, son of former US President Joe Biden, who launched the meme coin LAPTOP. The reposted post notes that LAPTOP plummeted 98% within minutes of going live, adding that the project had originally planned to allocate a portion of its tokens to users who incurred losses from TRUMP-related transactions.

43 minutes ago

Solana ecosystem prediction market World officially launches, opening to over 1 million waitlist users.

Solana ecosystem full on-chain prediction market World announced that its independent platform World.xyz has officially launched, with over 1 million users on its waitlist. The platform offers thousands of markets spanning sports, cryptocurrency, politics, finance, economics, and culture, covering all NFL regular seasons, 7 soccer leagues, F1 races, the 2026 U.S. midterm elections, and Federal Reserve interest rate decisions. Since integrating Phantom in July, World has launched more than 150,000 markets. Each market on the platform consists of "Yes" and "No" contracts, priced between $0 and $1, and settled using Phantom’s U.S. dollar stablecoin CASH. Technically, World leverages Chainlink Data Streams and Chainlink Runtime Environment to provide market data and automated settlements, reducing manual intervention and dispute resolution wait times. Prediction markets for stock price movements, gold, silver, oil, natural gas, computing power, and weather will be rolled out sequentially.

43 minutes ago

The Hyperliquid Policy Center has asked a federal court to dismiss CME Group’s lawsuit against the CFTC, arguing that the derivatives exchange lacks standing and cannot rely on the Commodity Exchange Act provisions cited in its complaint.

Summary

HPC says CME has not shown a competitive injury caused by the CFTC’s decision. The group argues CME’s commercial interests fall outside the relevant Commodity Exchange Act protections. CME wants the court to overturn the approval of Kalshi’s Bitcoin perpetual futures contract. The CFTC has separately requested dismissal, with CME due to respond by Oct. 2. Hyperliquid policy group disputes CME’s standing The Hyperliquid Policy Center said in a Tuesday X announcement that it had submitted an amicus brief supporting the Commodity Futures Trading Commission in its legal fight with CME. An amicus filing allows a person or group outside a case to offer arguments that may help the court consider the dispute.

HPC, an advocacy group with ties to the Hyperliquid Foundation, based its request on two alleged defects in CME’s case. Its first argument concerns whether CME has suffered the type of injury required to bring the lawsuit in federal court.

CME has relied on a legal principle known as competitor standing. Under that doctrine, a business may establish an injury when government action increases competition in a defined market and creates a predictable economic disadvantage for the company bringing the case.

According to HPC, the CFTC’s decision does not meet that standard because it allows every registered U.S. futures exchange, including CME, to seek approval for comparable perpetual products.

“The CFTC order it challenges does nothing of the kind,” the group said while rejecting CME’s competitor-standing argument.

Rather than placing CME under different rules from its rivals, the agency’s policy provides registered exchanges with a route to list perpetual futures if their products comply with the Commodity Exchange Act and CFTC regulations. HPC therefore contends that CME cannot treat its decision not to use the same route as an injury caused by the regulator.

A recent dismissal request from the CFTC made a similar argument. The regulator told the court on Sep. 2 that CME could seek permission to list comparable contracts and described any disadvantage created by its refusal to do so as “self-inflicted.”

The CFTC also cited CME’s trading data, noting that its Bitcoin and Ether futures volumes in June and August exceeded the levels recorded in May, when Kalshi’s contract received approval. According to the agency, the figures weaken CME’s claim that the decision produced a concrete competitive loss.

CME’s interests may fall outside CEA protections HPC’s second objection focuses on the “zone of interests” test, which examines whether a plaintiff’s concerns relate to the purposes of the law it has invoked.

In its brief, the group argued that “CME is an unsuitable challenger because its interests fall outside the zone of interests of the CEA provisions it invokes.”

CME’s lawsuit relies on sections of the Commodity Exchange Act that govern how derivatives products are classified and approved. HPC maintains that the exchange is using those provisions to protect its commercial position rather than an interest Congress intended the law to cover.

The CFTC raised the same issue in its motion, arguing that the relevant parts of the Act do not protect an established exchange from lawful competition. A judge could dismiss the case on standing or zone-of-interests grounds without deciding the main question of whether perpetual contracts qualify as futures or swaps.

HPC also accused CME of using the lawsuit to restrict product development in U.S. derivatives markets. Since the CFTC’s decision applies to registered futures exchanges, the group said CME remains free to list a similar instrument but has chosen to challenge another venue’s approval.

“At least for now, CME has decided not to. But instead of leaving other futures exchanges to make their own commercial decisions, CME has asked a court to take the decision out of their hands,” HPC said. “We filed this brief because CME’s anticompetitive effort must fail.”

CME lawsuit centers on futures versus swaps Filed in the U.S. District Court for the District of Columbia on June 18, CME’s complaint challenges the CFTC’s May 29 approval of Kalshi’s BTCPERP contract and an agency policy statement addressing perpetual futures.

Perpetual contracts track an underlying asset without carrying a fixed expiration date. Funding payments between long and short traders help keep their prices aligned with the referenced market, allowing positions to remain open without traders having to move into a later-dated contract.

CME argues that the lack of a fixed expiry means the products are swaps under the Dodd-Frank Act rather than conventional futures. According to its complaint, the CFTC departed from its previous treatment of similar instruments and created a new regulatory approach without completing a formal rulemaking process.

The exchange has asked the court to vacate Kalshi’s approval and the related policy statement. Its complaint also alleges that the regulator acted arbitrarily and bypassed requirements established by Congress.

As earlier legal coverage from crypto.news explained, the classification determines which trading, registration, and oversight requirements apply. Treating the contracts as futures gives designated contract markets a more direct route to list them, while a swap classification would place the products under a different part of the federal derivatives framework.

The CFTC maintains that the Commodity Exchange Act does not require a futures contract to have a fixed expiration date. It reviewed Kalshi’s application under Regulation 40.3, which permits a designated contract market to request formal approval for a new product.

After assessing BTCPERP, the regulator found that the contract complied with the act and its rules. The agency also said the approval did not mean every perpetual design would qualify, as proposed contracts could still require individual review based on the underlying asset and product terms.

Kalshi was not named as a defendant in CME’s lawsuit. Coinbase, which received related regulatory relief for certain perpetual products, was also not named.

U.S. perpetual futures market continues to expand For American traders, the court case could affect which regulated platforms can offer perpetual contracts and which legal framework applies to the products. Perpetuals had long been concentrated on offshore crypto exchanges, where access and leverage terms often differ from those permitted at CFTC-regulated venues.

Kalshi has continued adding contracts while the case remains pending. In June, the exchange filed for HYPE perps after rolling out Bitcoin and Ethereum perpetual futures for U.S. customers. The submission placed Hyperliquid’s native token among several crypto assets targeted for regulated derivatives products.

Hyperliquid itself operates an offshore decentralized perpetual exchange and restricts direct access from the United States. A separate route into the U.S. market could come through regulated infrastructure rather than opening the existing platform to American users.

In August, Hyperliquid Labs and Kraken parent Payward entered advanced discussions about offering selected Hyperliquid-linked contracts through Bitnomial, a CFTC-regulated derivatives exchange owned by Payward. Under the reported structure, eligible U.S. traders would access selected products through Bitnomial instead of connecting directly to Hyperliquid.

Payward has presented the proposed arrangement to the CFTC, according to Bloomberg, but the parties have not announced regulatory clearance, a launch date, or the contracts that could be included.

Meanwhile, the CFTC’s dismissal motion has moved the CME case into its next procedural stage. CME must submit its response by Oct. 2, after which the regulator may file a reply, and the court will decide whether to dismiss the action or proceed to CME’s claims over the classification and approval process.

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.

This site is protected by reCAPTCHA.

Hyperliquid holds bullish trend, Zcash risks correction, ETH and SHIB struggle at key levels

Hyperliquid (HYPE): HYPE remains bullish despite cooling from $89, with $78–$80 support key for another push toward $90 and potentially $100.Zcash (ZEC): ZEC's powerful rally remains intact, but extreme overextension and overbought RSI make a correction toward $1,000 or even $850 possible.Ethereum (ETH): ETH is consolidating above key support after its August breakout, but a rally to $2,600–$2,650 seems unlikely.Shiba Inu (SHIB): SHIB's recovery remains constructive, but reclaiming the 200-day moving average at $0.00000567 is necessary to stay bullish.Hyperliquid might retreatAfter one of its biggest rallies of the year, Hyperliquid is finally exhibiting some signs of weariness. After dropping about 3.2 percent during the day, HYPE is currently trading at $82.50, retreating from the most recent local peak near $89. 

HYPE/USDT Chart by TradingViewBut the overall structure is still very bullish. In the latter part of August, HYPE surged from the $56–$60 range and then surpassed its prior significant highs at $75. The asset is still significantly above all of the daily chart's major moving averages. 

While the 50-day and 100-day averages are significantly lower at roughly $66.82 and $65.39, the 20-day moving average is close to $77.82. Nearly $57 is the 200-day average. Whether the current decline is indicative of normal cooling or the start of a more significant correction is the immediate question. 

You Might Also Like

The former scenario is somewhat supported by the RSI. It moved into overbought territory before declining to about 57 points. As a result, momentum significantly returned to normal while the price corrected. 

The crucial support zone is now between $78 and $80. It overlaps with the 20-day moving average, which is rising quickly, and the recent consolidation area. Holding it would put HYPE in a position to try again at $88–$90. A breakout there could open the path to the psychological $100 level. 

Will Zcash's uptrend stay up?Zcash (ZEC) is still in an incredibly aggressive uptrend, but there is a much greater risk of a correction given its current technical configuration. After briefly rising above $1,240, ZEC is currently trading at about $1,149, continuing a rally that started in August at about $480. The price has significantly deviated from its main moving averages. 

ZEC/USDT Chart by TradingViewThe 50-day and 100-day averages are still close to $651 and $614, respectively, while the 20-day average has already increased to about $849. At $512, the 200-day average is situated. 

This separation shows how strong the trend is, but it also indicates that ZEC has very little technical support in the area if momentum abruptly stops. RSI is an additional caution. The daily reading is still in overbought territory, at about 75.8. In contrast to a traditional bearish signal, an overbought RSI does not always indicate that a strong trend will immediately reverse. 

You Might Also Like

However, it does show that chasing ZEC around current levels is much riskier. The recent $1,230–$1,250 peak continues to be the first barrier. A strong breakout might move the market closer to $1,300 and possibly higher. The first area to watch on the downside is between $1,080 and $1,100. $1,000 becomes the primary psychological support below it. 

The larger bullish structure would not necessarily be destroyed by a deeper correction toward $850, which would still keep ZEC above its quickly rising 20-day moving average. 

Ethereum withstanding pressureEthereum is currently trading at about $2,459 as it consolidates following its explosive August breakout. The crucial point is that, despite multiple attempts to drive the asset below $2,400, sellers have not yet been able to undo the new market structure. 

ETH/USDT Chart by TradingViewWith remarkable momentum, ETH emerged from a protracted consolidation between $1,880 and $1,920, quickly surpassing all of its major moving averages. At about $2,345 and $2,185, respectively, it is currently trading well above the 20-day and 200-day averages. The 50-day and 100-day averages are still much lower, at about $2,127 and $2,101, respectively. There is no doubt, however, that momentum has decreased. 

You Might Also Like

Trading volume has significantly decreased since the initial breakout, and the RSI has dropped to about 60 from overbought territory. Both developments show that the market has entered consolidation following an exceptionally quick repricing, so neither is inherently negative. 

Between $2,520 and $2,560 is where the immediate resistance is located. ETH has tested this area on several occasions without yielding a strong daily breakout. Clearing $2,560 would probably put $2,600–$2,650 back on track. $2,400 remains the first significant support on the downside. 

A breakdown would reveal the rising 20-day average around $2,345. The larger bullish structure is unaffected as long as that area holds.

Can SHIB keep up with the market?Shiba Inu's chart is still far less convincing than Ethereum's, but it is still making progress. After setting a series of higher lows since its August bottom near $0.00000440, SHIB is currently trading around $0.00000541. 

SHIB/USDT Chart by TradingViewBuyers are favored by the short-term structure. While the 50-day and 100-day averages are close to $0.00000491 and $0.00000503, SHIB is still above its 20-day moving average at $0.00000517. 

More significantly, the price still respects the rising support line that was established during the most recent rebound. The 200-day moving average at $0.00000567 remains the main barrier. Since SHIB has not returned to this level, there has not been a clear bullish reversal in the overall trend. 

You Might Also Like

Aggressive selling also affected earlier attempts to move significantly above it. Momentum is neutral to positive. With an RSI of about 57, there is plenty of room before overbought conditions become problematic. The most recent advance, however, lacks the participation observed during SHIB's earlier explosive moves, as evidenced by the declining volume.

A breakout above $0.00000567 could reopen $0.00000600–$0.00000620 and would be the most significant technical confirmation. On the other hand, the recovery would be weakened if the rising support and $0.00000517 were lost. The crucial defensive zone for buyers would then be the $0.00000490–$0.00000500 range.

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.

This site is protected by reCAPTCHA.

Real-world asset (RWA) perp trading volume slipped 13.5% in August to $122 billion, the segment’s first monthly decline since January 2026, according to CryptoRank.

The pullback broke six straight months of growth. It landed in the same period that the wider crypto market staged its broadest rally of 2026, with 83% of the top 100 assets closing higher.

Why Traders Left Tokenized Assets MarketsReal-world asset (RWA) perpetuals spent the first half of 2026 filling a gap. Crypto itself was quiet. The Fear and Greed Index held below 51 for 217 straight days through August 20, and Bitcoin (BTC) closed four of the first six months lower.

Traders on perpetual decentralized exchanges who wanted price action looked to tokenized stocks, commodities, and indices. That demand compounded month after month, lifting volume from $23.1 billion in January to a July record of $141 billion.

August changed the setup. Bitcoin returned 25%, its strongest August since 2017, while Ethereum (ETH) gained 32.5%. Breadth widened alongside it, with 70 of the 84 non-stablecoin assets in the top 100 finishing higher.

CryptoRank attributes the RWA decline directly to that shift. 

“Once the majors started offering directional beta again, perp DEX traders stopped needing real-world assets to find it,” the report read.

Monthly RWA Perp Trading Volume From January to August 2026. Source: CryptoRankFollow us on X to get the latest news as it happens

Tokenized Stocks Now Lead the CategoryThe composition of what remains tells a different story from the headline number. Public equities are now the largest RWA perpetual category.

On Hyperliquid, tokenized stocks accounted for 67% of HIP-3 volume in August. Volume across the segment also remains more than five times the January level, so the pullback trims a steep climb rather than erasing it.

Exchanges read the same demand. New centralized exchange listings more than doubled to 199 in August from 98 in July, and CryptoRank ties part of that increase to tokenized stocks reaching centralized venues.

September now decides which reading holds. If RWA volume stabilizes while crypto keeps rallying, the August drop was rotation. If it keeps falling, the segment was borrowing traders rather than building them.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights