Track market-moving stories before they get noisy

NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices

According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.

7 minutes ago

Iran's Revolutionary Guard hits U.S. military radar in Kuwait.

According to Iran's Press TV, Iran's Revolutionary Guard hit a U.S. military radar at Kuwait's Al Jaber Base.

7 minutes ago

Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.

The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)

7 minutes ago

Pump.fun launches BOOST mode, aiming to re-inject permanently locked liquidity into the token market.

Meme coin launch platform pump.fun has announced the launch of its new BOOST mode, set as the default launch mechanism for all new Pump.fun tokens moving forward. The feature is designed to address the long-standing "dead liquidity" problem during token migrations, using a buyback and burn mechanism to re-inject liquidity that was previously permanently locked back into the token market. Pump.fun noted that over $100 million in liquidity is permanently lost annually during token migrations, with these funds no longer available to support market liquidity. Historically, roughly 20% of liquidity remains stuck in liquidity pools (LPs) for every token that completes migration — even after all traders sell their positions, some funds stay locked in the pools permanently. BOOST mode will leverage this trapped liquidity to re-inject into the market via an automatic buyback mechanism within 5 minutes of each token migration completion. Specifically, BOOST will execute buybacks using a post-migration time-weighted average price (TWAP) and automatically burn the purchased tokens. For SOL trading pairs, 17.6 SOL will be injected, while USDC trading pairs will receive $2,516 in funds. The mechanism requires no manual activation from users: all new Pump.fun tokens that complete migration after 10:23 AM Eastern Time (ET) on July 21 will automatically enable the BOOST configuration. Tokens migrated prior to this date or issued via the Mayhem platform do not include the feature. The upgrade aims to improve trading experiences and enhance the long-term utilization efficiency of liquidity within the ecosystem.

7 minutes ago

Telegram Founder: Will Integrate a Native Non-Custodial Gram Wallet for All Users

Telegram founder Pavel Durov announced in his personal channel that instant, zero-fee cryptocurrency transactions for its more than 1 billion users are set to become a reality. The platform is adding a native, non-custodial Gram wallet to every Telegram application.

7 minutes ago

GRAM surges past $1.5, gaining over 9% in 10 minutes.

According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.

7 minutes ago

4 hours ago

According to Hyperinsight monitoring, SPCX on Hyperliquid continues its downward trajectory, currently trading at $120.66, down 47.5% from its prior high of $230. SpaceX priced its IPO at $135 per share, and SPCX has now dropped roughly 10.6% below the IPO price, hitting a daily low of $119.7. The whale address starting with 0x899c, previously tracked, went long on SPCX just ahead of the positive news that the stock would be added to the Nasdaq. For over a month after that, the address made no adjustments to its position, leaving it untouched as the positive catalyst was priced in, and through the subsequent continuous decline and drop below the IPO price, bringing the position to the brink of liquidation with only about $4 of buffer remaining. It bought 16,082.2 SPCX shares on the morning of June 15, and has not altered its position size since. As of press time, the whale holds this long position with 3x isolated margin, with the position valued at approximately $1.94 million, an unrealized loss of around $756,000, and a return of roughly -84.1%; the liquidation price is about $116.6. The account currently has only $111,500 in margin left, all of which is used to maintain this position. Trading records show this whale is a left-side trader, who earned a $620,000 profit from a long Bitcoin position in early March; subsequent long crude oil positions and this SPCX position have together erased all those gains. Previous news: A whale went all-in long on SPCX with $2.72 million, expecting the stock to rally ahead of its addition to the Nasdaq 100.

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A crypto whale transferred 431,000 LINK tokens to a Gnosis Safe multi-signature wallet.

According to monitoring by OnchainLens, a crypto whale has transferred 431,000 LINK tokens (valued at approximately $3.76 million) to a Gnosis Safe multi-signature wallet. The whale had previously withdrawn LINK multiple times from the Binance exchange over the past three weeks via two separate wallets, and has been steadily accumulating the token.

4 minutes ago

Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.

According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.

4 minutes ago

Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.

According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.

4 minutes ago

Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.

According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.

4 minutes ago

OKX launches RLUSD holding yield activity, with annualized yield up to 10%

According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.

4 minutes ago

Nikkei 225 index gains widened to 3%

According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.

4 minutes ago

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35 minutes ago

According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.

Relevant content

A crypto whale transferred 431,000 LINK tokens to a Gnosis Safe multi-signature wallet.

According to monitoring by OnchainLens, a crypto whale has transferred 431,000 LINK tokens (valued at approximately $3.76 million) to a Gnosis Safe multi-signature wallet. The whale had previously withdrawn LINK multiple times from the Binance exchange over the past three weeks via two separate wallets, and has been steadily accumulating the token.

4 minutes ago

Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.

According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.

4 minutes ago

Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.

According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.

4 minutes ago

Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.

According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.

4 minutes ago

OKX launches RLUSD holding yield activity, with annualized yield up to 10%

According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.

4 minutes ago

Nikkei 225 index gains widened to 3%

According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.

4 minutes ago

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Nikkei 225 index gains widened to 3%

According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.

5 minutes ago

ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.

According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.

5 minutes ago

Spot silver's intraday gain has expanded to 3%

According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.

5 minutes ago

Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.

According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.

5 minutes ago

UK Parliament Launches Investigation Into Banking Services for Crypto Industry

The UK Parliament’s cross-party Digital Assets Group has launched an investigation into banking services for the local crypto industry. The probe will focus on assessing the difficulties crypto firms face when opening and maintaining bank accounts, as well as the restrictions banks impose on crypto asset-related transactions.

5 minutes ago

Hong Kong-listed Zhipu’s shares surged over 30% in afternoon trading, as the company put into operation a 1GW domestic computing power center and completed the acquisition of Zhongke Jiahe.

According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.

5 minutes ago

PANews July 21 news, according to SoSoValue data, crypto market sectors broadly rebounded, with the DeFi sector standing out, up 2.28% in 24 hours. Within it, Hyperliquid (HYPE) rose 3.55%, DeXe (DEXE), Uniswap (UNI), and Lido DAO (LDO) rose 4.96%, 5.325%, and 11.80% respectively. Meanwhile, Bitcoin (BTC) rose 0.80%, breaking through $65,000; Ethereum (ETH) rose 1.88%, breaking through $1,900.

As for other sectors, the RWA sector rose 2.02% in 24 hours, with Maple Finance (SYRUP) up 6.13% within the sector; the PayFi sector rose 1.00%, Telcoin (TEL) up 2.62%; the Layer1 sector rose 0.62%, NEAR Protocol (NEAR) up 4.40%; the CeFi sector rose 0.22%, NEXO (NEXO) up 1.85%; the Meme sector rose 0.17%, Bonk (BONK) up 15.22%; the Layer2 sector rose 0.04%, Arbitrum (ARB) up 2.14%.

Only the SocialFi sector dipped slightly by 0.96%, where Gram (GRAM) fell 0.76%, but Chiliz (CHZ) rose 3.06%.

Hyperliquid sets 500,000 HYPE stake for permissionless prediction market deployersHyperliquid plans to require developers to stake 500,000 HYPE, worth about $30.4 million, to deploy permissionless prediction markets under HIP-4.

Hyperliquid plans to introduce permissionless prediction markets by requiring developers to stake 500,000 HYPE tokens (about $30.4 million) to launch them under HIP-4.

The proposal introduces a capital threshold and slashing mechanism intended to discourage poorly defined or improperly settled markets 

In an announcement, Hyperliquid said permissionless deployment will become available on testnet before expanding to mainnet in a future network upgrade. Validators will vote on standard outcome templates that deployers can use to create markets, while each deployer will initially be limited to 100 outcomes. The allocation will be released for reuse when a market is settled. 

Deployers will be responsible for defining and settling their markets according to the settlement criteria specified in each template. Their stake, which will remain locked for six months, may be slashed through a validator vote if their markets are poorly defined, incorrectly settled or left incorrectly unsettled for more than a week. 

Hyperliquid said permissionless deployment was particularly important because the range of potential event-based markets was significantly larger than the universe of assets suitable for spot or perpetual futures trading. The specifications may change before the testnet release.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Hyperliquid announced plans to introduce a permissionless prediction market deployment mechanism via HIP-4, requiring developers to stake 500,000 HYPE tokens (valued at approximately $30.4 million) to create prediction markets. The mechanism aims to mitigate risks of low-quality markets, incorrect settlements, or malicious market creation through capital thresholds and penalty mechanisms. Per Hyperliquid’s announcement, the permissionless deployment feature will first launch on the testnet, with a planned mainnet rollout via future network upgrades. Validators will vote to finalize standardized result templates, and developers can build markets based on these templates. Each deployer can create up to 100 outcome options initially, while deployers are responsible for defining market rules and completing settlements in line with template requirements. Staked HYPE tokens will be locked for six months. If a market is ill-defined, settled incorrectly, or fails to complete proper settlement within a week, validators can vote to slash the staked assets. Hyperliquid noted that predictable events cover a broader scope than spot and perpetual contract markets, making permissionless prediction market deployment critical for expanding on-chain use cases. Relevant rules may be further adjusted ahead of the testnet launch.

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Native Markets Discontinues USDH, Will Continue to Support 1:1 Redemptions and Exchanges in the Coming Months

According to official announcements, Native Markets has announced that the USDH official website has been sunset. Over the coming months, users will still be able to redeem and exchange USDH for U.S. dollar assets at a 1:1 ratio via the redemption page provided by the Bridge. Native Markets stated that the final exit procedures for USDH and related information will continue to be made available through the USDH official website.

4 hours ago

Hackers Attack Kenya's Presidential Official Website, Demand 5 Bitcoin Ransom

Kenya's government is investigating the hacking incident targeting President William Ruto's official website. On July 18, attackers briefly altered the president's official site page and demanded a ransom of 5 BTC, threatening to leak undisclosed data if not paid. Kenya's Cabinet Secretary for Information, Communication and Digital Economy stated that the government has activated its cybersecurity response mechanism and is conducting a forensic investigation in collaboration with relevant agencies. There is currently no evidence indicating unauthorized access to or leakage of sensitive data, and government digital services remain operational.

4 hours ago

Bitcoin mining firm LM Funding rebrands as PowerCompute, shifting focus to AI computing power infrastructure.

Bitcoin mining company LM Funding America (NASDAQ: LMFA) announced it will rebrand to PowerCompute Inc. and adopt a new stock ticker "PWCM" effective July 22. The company stated that the rename marks its strategic transformation, as it leverages its existing 26 megawatts (MW) of owned power infrastructure to expand into high-performance computing (HPC) and artificial intelligence (AI) infrastructure businesses. Currently, the firm operates two facilities in Oklahoma and Mississippi, U.S., with 26 MW of power capacity, and plans to provide infrastructure services to AI computing clients. It will also continue holding Bitcoin assets as part of its balance sheet.

4 hours ago

U.S. Strategic Petroleum Reserve stocks have fallen to their lowest level since 1983.

U.S. Strategic Petroleum Reserve (SPR) crude oil inventories fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels, the lowest level since 1983.

4 hours ago

Morgan Stanley: As memory shortage intensifies, DRAM prices may rise by at least 25% quarter-on-quarter in the third quarter.

Morgan Stanley analyst Joseph Moore noted that following discussions with multiple data center procurement personnel last week, the current tight memory supply shows no signs of easing. DRAM and other memory products are expected to rise by at least 25% on a comparable basis from the second quarter to the third quarter, a figure higher than previous forecasts from Morgan Stanley and third-party institutions. Moore added that the memory shortage could further deteriorate in 2027 and 2028, as AI demand is consuming massive DRAM capacity, squeezing supplies for other sectors such as PCs and smartphones. Morgan Stanley further holds that the current market is not only grappling with surging memory demand driven by AI, but insufficient memory supply itself is emerging as a key bottleneck limiting AI expansion.

4 hours ago

The US military said it has forced seven commercial vessels to divert course and disabled one to restrict access to Iranian ports.

U.S. Central Command said that as of July 20, U.S. military forces have forced seven commercial vessels to alter their routes and disabled one merchant ship to prevent vessels from entering or leaving Iranian ports. (Jinshi)

4 hours ago

According to monitoring by OnchainLens, a Hyperliquid trader opened a highly leveraged long position on Bitcoin (BTC), purchasing 58.31 BTC worth approximately $3.77 million with 40x leverage. The position was opened at $64,823, with a liquidation price of $64,020. Data shows the account has accumulated a profit of roughly $72,100 so far and was created just three days ago. The trading address is: 0xaf791381ba21eb8075bda573a5b8ba134f89f688.

Relevant content

Native Markets Discontinues USDH, Will Continue to Support 1:1 Redemptions and Exchanges in the Coming Months

According to official announcements, Native Markets has announced that the USDH official website has been sunset. Over the coming months, users will still be able to redeem and exchange USDH for U.S. dollar assets at a 1:1 ratio via the redemption page provided by the Bridge. Native Markets stated that the final exit procedures for USDH and related information will continue to be made available through the USDH official website.

4 hours ago

Hackers Attack Kenya's Presidential Official Website, Demand 5 Bitcoin Ransom

Kenya's government is investigating the hacking incident targeting President William Ruto's official website. On July 18, attackers briefly altered the president's official site page and demanded a ransom of 5 BTC, threatening to leak undisclosed data if not paid. Kenya's Cabinet Secretary for Information, Communication and Digital Economy stated that the government has activated its cybersecurity response mechanism and is conducting a forensic investigation in collaboration with relevant agencies. There is currently no evidence indicating unauthorized access to or leakage of sensitive data, and government digital services remain operational.

4 hours ago

Bitcoin mining firm LM Funding rebrands as PowerCompute, shifting focus to AI computing power infrastructure.

Bitcoin mining company LM Funding America (NASDAQ: LMFA) announced it will rebrand to PowerCompute Inc. and adopt a new stock ticker "PWCM" effective July 22. The company stated that the rename marks its strategic transformation, as it leverages its existing 26 megawatts (MW) of owned power infrastructure to expand into high-performance computing (HPC) and artificial intelligence (AI) infrastructure businesses. Currently, the firm operates two facilities in Oklahoma and Mississippi, U.S., with 26 MW of power capacity, and plans to provide infrastructure services to AI computing clients. It will also continue holding Bitcoin assets as part of its balance sheet.

4 hours ago

U.S. Strategic Petroleum Reserve stocks have fallen to their lowest level since 1983.

U.S. Strategic Petroleum Reserve (SPR) crude oil inventories fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels, the lowest level since 1983.

4 hours ago

Morgan Stanley: As memory shortage intensifies, DRAM prices may rise by at least 25% quarter-on-quarter in the third quarter.

Morgan Stanley analyst Joseph Moore noted that following discussions with multiple data center procurement personnel last week, the current tight memory supply shows no signs of easing. DRAM and other memory products are expected to rise by at least 25% on a comparable basis from the second quarter to the third quarter, a figure higher than previous forecasts from Morgan Stanley and third-party institutions. Moore added that the memory shortage could further deteriorate in 2027 and 2028, as AI demand is consuming massive DRAM capacity, squeezing supplies for other sectors such as PCs and smartphones. Morgan Stanley further holds that the current market is not only grappling with surging memory demand driven by AI, but insufficient memory supply itself is emerging as a key bottleneck limiting AI expansion.

4 hours ago

The US military said it has forced seven commercial vessels to divert course and disabled one to restrict access to Iranian ports.

U.S. Central Command said that as of July 20, U.S. military forces have forced seven commercial vessels to alter their routes and disabled one merchant ship to prevent vessels from entering or leaving Iranian ports. (Jinshi)

4 hours ago

Hyperliquid plans to open its HIP-4 outcome market infrastructure to permissionless deployments, allowing outside builders to create prediction markets under a validator governed framework, the company announced on its Telegram channel.

The feature will launch first on testnet before expanding to mainnet. HIP-4 outcome markets went live on mainnet in May, but deployments are currently controlled by Hyperliquid validators.

The planned upgrade will shift most market creation to third party deployers while validators retain control over the templates that determine which types of outcomes can be listed.

Deployers will be required to stake 500,000 HYPE. At the current HYPE price of about $62.25, the requirement represents roughly $31.1 million, creating a substantial capital barrier for builders seeking to operate markets.

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The stake will remain locked for six months and may be slashed through a validator vote if a deployer creates poorly defined markets, settles an outcome incorrectly or leaves a market incorrectly unsettled for more than one week.

Builders must settle every outstanding market before withdrawing their stake. The requirement is designed to make deployers financially responsible for the accuracy and clarity of the markets they operate.

Hyperliquid validators will approve standardized outcome templates whose specifications will be stored and enforced onchain. Deployers will then be able to create individual markets based on those templates and will remain responsible for defining their settlement conditions and resolving them correctly.

The structure introduces permissionless market creation without giving deployers complete control over which categories of questions can be offered. Hyperliquid said validator approved templates will be limited to outcomes with sufficient liquidity and public interest and must be clearly defined and unambiguous.

Each deployer will initially receive capacity for 100 outcomes, equal to 200 outcome tokens. Settled outcomes will free their allocation for reuse, while a future auction mechanism will allow builders to expand their capacity.

Deployers will eventually be able to receive as much as 50% of trading fees generated by their markets. Hyperliquid said configurable fee sharing will arrive in a later upgrade. Only assets that meet its AQAv2 aligned quote asset standard will be eligible to serve as collateral.

Validator deployed markets will continue to exist but are expected to become rare. Hyperliquid said the network should ideally create fewer than 10 canonical outcomes each year, leaving third party builders responsible for most of the platform’s future market expansion.

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

The plan would end validator-gated listings, requiring deployers to lock about $30 million in tokens while letting them keep up to half the trading fees.

Original Image Credits: mundissima / Shutterstock.com

Posted July 20, 2026 at 2:38 pm EST.

Hyperliquid plans to throw open its prediction markets to any developer, ending the validator-gated system that has governed the product since its debut. In a Telegram announcement on Sunday, the decentralized exchange said it would open its HIP-4 “outcome markets” to permissionless deployment in a coming upgrade, arriving on testnet before mainnet.

Today, only Hyperliquid’s validators can list outcome markets. Under the change, developers would be able to spin up their own markets from standardized templates that validators approve and store onchain. “Permissionless deployments are especially important for the growth of outcome markets,” Hyperliquid said, arguing that the “possible universe of tradeable outcomes is vast” and far larger than the set of assets behind conventional perpetuals or spot tokens.

A 500,000 HYPE Ticket The access carries a steep price. Each deployer must stake 500,000 HYPE, worth roughly $30 million at recent prices near $60, locked for six months, and can lose part or all of it by validator vote if a market is poorly defined, settled incorrectly, or left unsettled for more than a week. In return, deployers can keep up to 50% of the fees on the markets they run and will start with room for 100 outcomes each, with an auction to buy more capacity planned as a follow-up.

Validators will still list a handful of “canonical” markets directly, but Hyperliquid said those should be rare, ideally “fewer than 10 outcomes or questions per year.” It cautioned that the terms remain preliminary and could change with community feedback.

Chasing a Booming Sector The push deepens Hyperliquid’s move into a market dominated by Polymarket and Kalshi. The exchange launched HIP-4 on mainnet in May, using its own validators rather than an external oracle to settle bets, and drew about $100 million in trading volume in the first month. Interest in prediction markets has surged this year, with heavy wagering on the FIFA World Cup, drawing platforms like Coinbase and Robinhood into the sector.

Related Listen: What Two DOJ Cases Reveal About the Legal Risks of Prediction Markets: Bits + Bips

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

https://web3.bitget.com/en/academy/what-is-hype-hyperliquid-token-crypto-price-prediction

Hyperliquid, a high-performance Layer-1 blockchain and decentralized derivatives exchange, has announced a significant update allowing users to deploy prediction markets by staking 500,000 HYPE tokens, equivalent to approximately $30 million. This change eliminates the need for validator approval, paving the way for more decentralized and accessible event markets. The development is part of Hyperliquid’s HIP-4 framework, which integrates prediction markets into its existing infrastructure, potentially challenging established platforms like Polymarket and Kalshi.

The HYPE token currently trades around $60.47 to $62.08, suggesting a substantial financial commitment for those wishing to create new markets. This move could bolster Hyperliquid’s presence in the prediction market sector, aligning with its strategy to expand its infrastructure and increase user engagement. Market participants appear to interpret this as a positive development, which could influence the token’s future valuation.

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In the context of prediction markets, Hyperliquid’s new approach may impact ongoing market odds. Current predictions suggest a 29% probability that Hyperliquid will reach $100 by December 31, 2026, with other price points showing varying levels of support.

Key Takeaways Hyperliquid appears to facilitate market creation without validator gatekeeping, potentially increasing its market appeal. Market pricing suggests a moderate increase in Hyperliquid’s price prediction odds due to this development. The HYPE token’s current pricing reflects the substantial stake required to create new markets under the HIP-4 framework. What to Watch Observers will be monitoring how this change affects Hyperliquid’s competitive position against Polymarket and Kalshi. Any fluctuations in the HYPE token price could further reflect market sentiment towards this development. Additionally, announcements from Hyperliquid regarding partnerships or technological advancements may indicate potential future movements in prediction market odds.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.2% — — View market → January 1 2027 3.1% — — View market → January 1 2027 51.5% — — View market → January 1 2027 34.1% — — View market → January 1 2027 3.1% — — View market →

The latest Cardano price prediction shows ADA moving sideways as traders wait to see if it can break past its tight resistance zone. Meanwhile, the Hyperliquid price prediction points to potential gains, but only if the token can successfully push above $76.

Stealing the spotlight from these slow-moving assets, BlockDAG (BDAG) is dominating the list of top crypto gainers as its massive buyback offer enters its final hours. This is the absolute last chance for buyers to secure BDAG coins at just $0.00000033 before the window slams shut permanently. By grabbing coins now, buyers can later sell at the $0.03 buyback price, locking in an incredible 95x ROI potential.

Cardano Price Prediction Points to Tight Resistance Table of Contents

Cardano Price Prediction Points to Tight ResistanceHyperliquid Price Prediction Shows Consolidation PhaseBlockDAG: Final Chance to Grab 95x ROI at Just $0.00000033Final Call The latest Cardano price prediction shows that ADA is moving in a very tight range. The token currently trades around $0.1590 after losing its upward speed beneath major technical barriers. The 20-day exponential moving average near $0.1650 is the biggest hurdle for buyers to clear right now.

If buyers can push past $0.1650 with high volume, the price could climb toward $0.1761 and later target $0.1865. However, failing to protect current support levels could push the price down to $0.1525. A major drawback for the network is its weak derivatives data, with open interest dropping to just $388 million. This shows that leveraged traders are still highly cautious and lack confidence in the coin’s short-term future.

Hyperliquid Price Prediction Shows Consolidation Phase The current Hyperliquid price prediction indicates that HYPE is sitting in a consolidation phase. The token trades around $62.31 as investors wait for a clear market signal. Traders are watching the crucial $73 to $76 resistance zone to see if a breakout can occur.

A successful climb past $73 would signal fresh buying pressure, while passing $76 could start a larger rally. Despite efforts to grow the network infrastructure, the asset faces noticeable drawbacks. The price is still locked in a downward direction because of a cautious crypto market. If the token fails to cross the $76 barrier soon, the boring sideways movement will likely continue, leaving short-term holders trapped in a declining market structure.

BlockDAG: Final Chance to Grab 95x ROI at Just $0.00000033 Every great opportunity reaches a point where waiting is no longer an option, and BlockDAG is now at that stage. The final countdown has begun for BlockDAG’s $0.03 buyback offer, leaving buyers with one last opportunity to benefit from one of the project’s biggest incentives. Those who enter now can still purchase BDAG at just $0.00000033, receive their coins immediately, and remain eligible for the current buyback before this chapter comes to an end. Once the deadline passes, the $0.03 buyback will no longer be available.

What makes this opportunity stand out is the gap between today’s entry price and the current buyback value. Buying BDAG at $0.00000033 and having the ability to sell back at $0.03 creates a potential 95X return, a level that is becoming increasingly difficult to find as projects mature. With the countdown nearly over, many buyers are choosing to secure their position before this limited-time offer disappears for good.

BlockDAG’s momentum is also being driven by continuous development, including ecosystem expansion, stronger community growth, and new platform upgrades that continue attracting attention. Combined with the final buyback window and its low entry price, the project is giving early participants a compelling reason to act now rather than later. For anyone searching for the top crypto gainers today, BlockDAG offers a combination of real utility and huge upside potential that makes it the hottest pick right now.

Final Call While the latest Cardano price prediction points to slow consolidation and the Hyperliquid price prediction relies on a difficult technical breakout, these networks lack immediate momentum. Mainstream tokens are leaving investors waiting for uncertain signals rather than delivering rapid returns.

However, BlockDAG breaks away from this slow pattern by offering a definitive, time-sensitive wealth opportunity, making it a standout pick among today’s top crypto gainers. Its massive buyback offer is entering its final hours, giving buyers one last opportunity to secure BDAG at just $0.00000033 and later sell it at $0.03, locking in a potential 95x ROI.

Ultimate Sale: https://purchase.blockdag.network

Website: https://blockdag.network

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Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Michelle DG

Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]

HYPE ETFs Post First Outflow Since May, Ending a 9-Week Streak

https://gemwallet.com/learn/beginners-guide-to-hyperliquid-trading-platform/

Hyperliquid has announced that its HIP-4 outcome markets will support permissionless deployment in an upcoming upgrade, according to The Block. This development will allow market creators to launch their own markets without prior approval, contingent upon a staking requirement of 1,000,000 HYPE tokens. The move follows the launch of HIP-4 on May 2, 2026, which introduced collateralized binary contracts settling in USDH with zero fees for opening positions. Initially, deployment was limited to canonical markets curated and settled by validators, but the upcoming Phase 2 upgrade will expand this capability to a wider user base. This strategic move is seen as part of Hyperliquid’s efforts to enhance its prediction market infrastructure and compete with established platforms like Polymarket and Kalshi.

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Key Takeaways Hyperliquid’s announcement of permissionless deployment for HIP-4 markets appears to suggest potential for increased market activity. The requirement of staking 1,000,000 HYPE tokens per market slot may indicate a barrier to entry for some creators, but ensures system integrity. Market pricing suggests participants view the development as supportive of Hyperliquid’s price potentially reaching higher targets by the end of 2026. What to Watch Observers should monitor developments around the Phase 2 upgrade’s implementation, as successful execution could further bolster Hyperliquid’s competitive positioning. The market’s reaction to this upgrade, alongside any potential strategic partnerships or increased volumes, will be key indicators of Hyperliquid’s future valuation trajectory. Additionally, watch for any regulatory responses or security concerns that may arise, as these could significantly impact market sentiment and pricing.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 29% — — View market → January 1 2027 6.1% — — View market → January 1 2027 3.5% — — View market → January 1 2027 51.5% — — View market → January 1 2027 9.8% — — View market → January 1 2027 4% — — View market →

THE BLOCK: Hyperliquid's HIP-4 to support permissionless deployment for outcome markets

Hyperliquid has announced plans to introduce permissionless deployment for HIP-4 outcome markets, with the feature set to roll out on testnet before a later mainnet release.

Summary

Hyperliquid plans to introduce permissionless deployment for HIP 4 outcome markets, starting on testnet before a mainnet rollout. Market deployers will need to stake 500,000 HYPE and can face slashing for incorrect or delayed market settlements. The proposal follows HIP 4’s launch in May, with prediction markets generating about $100 million in trading volume during the first month. Hyperliquid said in a Sunday Telegram announcement that the upgrade is intended to support the expansion of outcome markets, where the number of possible tradeable events is too large for validators alone to manage.

Under the proposed system, validators will vote on standardized outcome templates that define how markets should be structured. Those templates will be stored and enforced onchain, allowing anyone to deploy new markets using approved formats instead of requiring validator approval for every listing.

Once a template is approved, deployers will create individual markets and will be responsible for defining and settling them according to the template’s rules. Hyperliquid said validator-created “canonical markets” will continue to exist but are expected to remain rare, with fewer than 10 such outcomes or questions deployed each year through validator votes.

Deployers face staking and settlement requirements To participate, HIP-4 deployers will need to stake 500,000 HYPE. Hyperliquid said validators can partially or fully slash that stake if markets are poorly defined, are settled incorrectly, or remain unresolved for more than one week.

Similar to the network’s HIP-3 framework, the stake will remain locked for six months, and deployers must settle every outstanding market before they can withdraw it.

Each deployer will initially receive capacity for 100 outcomes, equivalent to 200 outcome tokens. Multi-outcome markets will use more of that allocation, while settled markets will release capacity for future deployments. Hyperliquid also said it plans to introduce an auction system that will allow deployers to increase their allocation.

Market creators will be allowed to charge fees of up to 50% on their own markets. Hyperliquid noted that the proposal remains preliminary and could change after community feedback.

The latest proposal builds on Hyperliquid’s rollout of HIP-4 in May, when the network introduced prediction markets to its high-performance blockchain. According to Hyperliquid, the feature generated roughly $100 million in trading volume during its first month.

The update comes as Hyperliquid continues to gain attention across both decentralized and traditional finance. Earlier this month, Bitwise added HYPE to its Bitwise 10 Crypto Index ETF (BITW) with an allocation of about 0.95%, placing the token alongside the largest crypto assets in a diversified index fund. 

The inclusion followed Hyperliquid’s reported $1.34 trillion in trading volume and $320 million in revenue during the first half of 2026, according to Bitwise’s latest index update and previous reporting.

Despite the announcement, HYPE's price showed little immediate reaction, suggesting traders remain focused on broader market conditions.

Hyperliquid announced on July 20 that its upcoming HIP-4 network upgrade will allow permissionless deployment of prediction markets.

The feature, which will launch on testnet before hitting the mainnet, will expand who can create outcome markets while introducing validator-approved templates and a staking system meant to keep those markets clearly defined and properly settled.

How HIP-4 Deployment Will Work Outcome markets on Hyperliquid have so far only been deployed by validators, but the protocol is looking to change that. According to a post on Hyperliquid’s Telegram channel, validators will vote on standardized outcome templates that anyone meeting the HIP-4 requirements could then use to launch markets.

Those templates will be stored and enforced on-chain, with Hyperliquid saying that they are intended to cover events with sufficient liquidity and user interest while being unambiguous. The responsibility for defining and settling individual markets will lie with deployers according to the chosen template, and multiple deployers could even launch identical markets if they so wish.

Canonical markets created by validators will still exist, but they are expected to become less common, with Hyperliquid suggesting that ideally each year they should account for less than 10 outcome markets. Furthermore, the proposal also introduced financial incentives and penalties, including a 500,000 HYPE stake for anyone looking to become a HIP-4 deployer.

That stake will be locked for six months, and validators can slash it if markets are poorly defined or settled incorrectly under the template. Leaving a market unsettled for more than one week will also see a deployer’s stake slashed, and they are required to settle all their markets before unstaking.

Per Hyperliquid’s post, at first, each deployer will get capacity for 100 outcomes, or 200 outcome tokens, with more allocation planned through a future auction mechanism. The protocol also pointed out that eventually, deployers will be able to set fee sharing of up to 50% on their markets, although configurable fees will be included in another update in the future. Importantly, under HIP-4, only AQAv2 quote tokens will be supported.

You may also like: Sports Events Push Prediction Market Trading to Record Highs in June Best Prediction Markets in 2026: The Complete Guide Forget Bitcoin Bottom: Analyst Says These Altcoins Could Move First “All specifications described above are preliminary and subject to change based on feedback,” the team clarified, adding that users will be informed once the feature goes on the testnet and updates on the documentation are made.

HYPE Not Moved Even with the announcement, Hyperliquid’s native HYPE token stayed in the red. At the time of writing, it was trading near $60, down about 1% in 24 hours and nearly 10% in the last seven days. CoinGecko data shows it’s the same case across longer timeframes, with HYPE shaving almost 16% from its price across two weeks and nearly 13% in the past 30 days.

However, year-on-year, the asset has managed to stay in the green, being close to 34% higher than where it was 12 months ago, even though recent struggles have pulled it more than 21% below the $76.87 all-time high it hit about a month ago.

Hyperliquid’s push into permissionless outcome markets is coming on the back of a recent CoinGecko report showing that notional volume across prediction platforms hit a record $50.7 billion in June thanks to a calendar of sports events including the UEFA Champions League final, the NBA Finals, and Wimbledon. This helped push numbers for Q2 2026 to $113.8 billion, which is a 48.7% jump quarter over quarter.

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Key Points Hyperliquid is preparing to introduce permissionless creation of HIP-4 outcome markets through an upcoming upgrade, beginning with testnet trials Standardized outcome templates will undergo validator voting and be maintained onchain Market creators must lock 500,000 HYPE tokens for a six-month period Market deployers receive a starting capacity of 100 outcomes (equivalent to 200 outcome tokens) Fee structures up to 50% can be configured by market creators Hyperliquid has revealed intentions to implement permissionless deployment capabilities for its HIP-4 outcome markets through an upcoming protocol upgrade. The rollout strategy prioritizes testnet deployment ahead of mainnet activation.

Hyperliquid’s HIP-4 Outcome Markets to Support Permissionless Deployment with 500k HYPE Stake

Hyperliquid said HIP-4 Outcome Markets will first launch on testnet in a future upgrade and eventually support permissionless deployment. Deployers must stake 500k HYPE and may be… pic.twitter.com/Jlzg6sHaTN

— Wu Blockchain (@WuBlockchain) July 20, 2026

The disclosure came through Telegram on Sunday. According to Hyperliquid, the infrastructure requires extensive validation testing before public permissionless access becomes available.

Outcome markets provide exposure to a significantly broader spectrum of tradable events compared to traditional spot trading or perpetual futures contracts. Hyperliquid emphasized that permissionless deployment represents a critical component for expanding this functionality.

Understanding the Template Framework To ensure market parameters remain transparent and standardized, validators will conduct votes on authorized outcome market templates. These approved templates will be recorded and executed onchain.

After template approval, any qualified deployer can leverage it to establish their markets. The system permits multiple deployers to utilize identical templates for market creation.

Market creators bear responsibility for defining and resolving each market according to template specifications. While validators retain the ability to directly deploy canonical markets, Hyperliquid anticipates this will occur infrequently — likely under 10 instances annually.

Stake Requirements and Penalty Mechanisms Prospective HIP-4 market deployers face a mandatory requirement to stake 500,000 HYPE tokens. Validators possess authority to slash this stake partially or completely if markets suffer from inadequate definitions, incorrect settlements, or failure to settle within seven days following outcome determination.

The staked amount remains locked for a six-month duration. Additionally, deployers cannot initiate unstaking procedures until all active markets under their control have been settled.

Each deployer receives an initial capacity allocation supporting 100 outcomes, corresponding to 200 outcome tokens. Complex multi-outcome scenarios consume additional allocation slots, though resolved outcomes release capacity for subsequent use.

Future development includes an auction system designed to enable allocation expansion beyond initial limits.

Market creators will have authorization to establish fee rates reaching up to 50% on their deployed markets. Enhanced fee configuration capabilities are scheduled for integration in subsequent protocol versions.

Hyperliquid introduced HIP-4 during May of this year. The prediction market functionality generated approximately $100 million in trading activity throughout its inaugural month.

The current proposal contains preliminary specifications subject to modification. Hyperliquid indicated that community input may influence final design decisions, with additional details forthcoming following testnet deployment.

Summary

Hyperliquid said a forthcoming enhancement to its recent HIP-4 upgrade will support permissionless deployment of prediction markets.Prediction markets are currently under the authority of validators. The feature means anyone will be able to offer a prediction market on the platform, subject to approved templates voted on by validators.Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless deployment of the contracts in a future enhancement.

Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators, Hyperliquid said on Telegram on Sunday. In the meantime, they remain under the authority of validators.

Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have evolved into a multibillion-dollar sector of the blockchain industry. Users take positions on events from central bank interest-rate decisions to who performs at the Super Bowl halftime show.

The growing popularity of the platforms — the FIFA World Cup, which wrapped up Sunday with Spain winning its third title, drew more than $50 billion in bets — has attracted centralized trading platforms like Coinbase and Robinhood into the sector to offer customers a one-stop shop for predictions markets alongside more conventional financial trading.

HIP-4 went live on the mainnet in May. Once permissionless contracts become available, the validator-controlled markets will continue to exist, but are expected to be rare. Hyperliquid said “ideally,” there will be fewer than 10 of them per year.

Permissionless prediction markets will be available first on testnet and later on mainnet, Hyperliquid said.

Deployers will be required to stake 500,000 HYPE tokens that can be then slashed if a validator vote determines the prediction market to be poorly defined or settled incorrectly. Deployers will earn up to 50% of the revenue from trading fees, Hyperliquid added.

Hyperliquid’s native HYPE token rose 1% in the hours following the announcement, lifting from an intraday low of $59.88 to just over $60.50. It was trading recently at $60.79.

Table of contents

Prediction markets on decentralized rails have struggled with quality control and spam since day one. Hyperliquid’s latest proposal—HIP 4—tackles that directly by introducing a permissionless deployment framework that forces market creators to put capital at risk. According to the original report, outcome markets will first launch on testnet and later support anyone deploying an event market, provided they lock up 500,000 HYPE tokens. That stake is the gateway, and it can be slashed if a deployer publishes a market with vague definitions or bungles the settlement.

Validators will greenlight a set of standardized templates, creating a controlled environment where deployers still enjoy meaningful upside. A market creator can capture up to a 50% fee share, turning the economics into a direct incentive to launch socially relevant, well-structured markets. The proposal draws a clear line between permissionless access and permissionless chaos.

How HIP-4 Changes the Game for Deployers The 500,000 HYPE stake, worth a substantial dollar amount, acts as a serious economic bond. It weeds out low-effort actors while rewarding serious teams willing to steward their markets. Slashing conditions cover two specific risks: unclear market definitions that confuse participants, and incorrect settlement that undermines trust. Both have dogged decentralized prediction platforms like Augur in earlier cycles, where ambiguous outcomes led to disputes and drained user confidence.

Validators do not vet every market individually. Instead, they approve standard templates that define core parameters—binary outcomes, categorical results, time-bound events—and deployers pick from those pre-approved structures. This split keeps the system scalable. Standardization also makes it easier for Hyperliquid’s existing perpetuals and spot traders to assess new markets without learning custom rules for every contract.

The fee share model is aggressive but realistic. A 50/50 split between deployer and protocol means the platform still collects significant revenue, but successful market creators can build sustainable businesses on top of Hyperliquid. That aligns incentives in a way simple listing bounties never could.

Prediction Markets as a Growth Funnel Hyperliquid’s team noted that the number of tradable events in prediction markets outnumbers what spot and perpetual markets offer by orders of magnitude. That observation is not new—Polymarket’s explosive growth showed how political events, sports outcomes, and data releases can draw massive liquidity—but Hyperliquid’s move imports that reality onto a layer-1 built for high-throughput trading. The DEX already handles billions in perpetual volume, so adding outcome markets could pull in users who want a single venue for directional bets on everything from Fed decisions to hackathon winners.

Long-term, this positions Hyperliquid less as a meme-coin derivative platform and more as a general-purpose event-trading hub. Just as prediction markets are heating up, the broader DeFi ecosystem is expanding into new asset classes, a trend visible across a recent tokenization roundup. Hyperliquid’s move sits at the intersection of that market-structure shift and the user demand for high-frequency event contracts.

Developer activity across competing chains has also become a leading indicator of where trading volume migrates next, as tracked in weekly activity reports. If HIP-4 attracts a cohort of third-party deployers building specialized outcome markets, Hyperliquid’s developer traction could accelerate beyond its core perpetuals team. That is a bet the protocol seems willing to make.

What Remains Uncertain The most obvious friction is regulatory. Decentralized prediction markets have drawn scrutiny from the CFTC and other global watchdogs, especially when they touch on elections or sensitive binary events. Hyperliquid’s model puts the compliance burden on deployers, but validators may still face questions about which templates they endorse. The ongoing fight over major crypto legislation in Washington, where banks are attempting to stall a landmark bill, underscores how quickly the policy ground can shift for any permissionless market structure.

Slashing enforcement leaves room for ambiguity. A malicious deployer could still drain trust before the penalty mechanism fires, and the community must decide whether on-chain slashing, governed largely by validator discretion, will deter bad actors faster than the market can price in damage. The testnet phase will tell how fast slashing events actually resolve.

Another open question is demand from market makers. Without tight bid-ask spreads, outcome markets become speculative ghost towns. Hyperliquid’s existing liquidity base may help, but event markets require different inventory management than perpetuals. If major trading desks treat HIP-4 markets as a side experiment, volume could stay thin.

For now, the proposal shifts Hyperliquid’s narrative. It moves the platform from a single-product DEX to an infrastructure layer for event-based capital allocation. Whether that translates into sustained usage will depend on how quickly the first cohort of deployers ships markets that people actually want to trade—and whether the slashing mechanism proves credible enough to keep the bad ones out.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

GM!

Today’s top news:

Crypto majors slightly green as oil falls; BTC at $64.6k PUMP leads alt movers on the week, up 26% as its wave of unlocks begins Hyperliquid to roll out permissionless prediction markets requiring 500k staked HYPE Michael Saylor calls BIP-110 a “bad idea” Pudgy Penguins launch Plushie toys at Target stores across the US 🎲 Hyperliquid Opens Prediction Markets to Anyone in HIP-4 Upgrade

Hyperliquid is taking prediction markets permissionless.

The exchange said an upcoming enhancement to its recent HIP-4 upgrade, which introduced “outcome trading” in May, will let anyone deploy a prediction market on the platform. Right now those markets are controlled entirely by validators, and Hyperliquid says that going forward there will “ideally” be fewer than 10 validator-run markets a year, with the rest opened up to the crowd. It rolls out on testnet first, then mainnet.

Anyone who wants to launch a market has to stake 500,000 HYPE (~$30M), a serious deposit that can be slashed if validators rule the market was poorly defined or settled incorrectly. In exchange, the deployer earns up to 50% of that market’s trading fees. It’s the same economic design behind its permissionless perps: put real skin in the game, get paid for good markets, lose your stake for bad ones. That’s a very different model from Polymarket and Kalshi, where the platform defines every market from the top down.

It’s a timely move, as prediction markets just had their biggest summer yet. The World Cup helped the sector reach $50B in wagers for the month of June, and July is on pace to go even higher ($37B so far). Of that $50B, Kalshi is the clear market leader with $33B (66% market share). Hyperliquid did just $176M—so they’ve got their work cut out for them to make a meaningful dent in the sector.

The Hyperliquid answer is to make the category open-source, turning prediction markets into another permissionless primitive rather than a curated product. But they are not a platform to be doubted, with Hyperliquid already flipping DEX-volume records, drawing JPMorgan warnings about its threat to Circle, and lobbying both the SEC and CFTC. If the permissionless model works, it could help them make a real splash. We will find out soon enough.

🌎 Macro Crypto and Markets Crypto majors closed the week green up 2-5%; BTC +3% at $64.6k; ETH +6% at $1,885; SOL +1% at $76.60; HYPE -7% at $60.80 PUMP (+28%), PI (+22%) and INJ (+10%) led top movers on the week Oil -4% at $80 after progress on Iran talks; Gold +1% at $4,024 Stock futures are green as oil sells off; DOW +0.2%, Nasdaq +0.7% Michael Saylor called Bitcoin's BIP-110 proposal "a bad idea," arguing the anti-spam plan would set a censorship precedent and that "the proposed cure is more dangerous than the condition” Galaxy Digital signed a 15-year naming-rights deal to rename Texas Tech’s football stadium “Galaxy Stadium,” extending crypto’s march into college sports Project Eleven unveiled a technique to let users prove wallet ownership even after quantum computers can derive private keys The GENIUS Act hit its one-year anniversary with regulators having missed their rule-writing deadlines, though the framework takes full effect by July 2028 Corporate Treasuries & ETFs

The Bitcoin ETFs saw $132M in net inflows on Friday and ended with $75M in net inflows for the week; the ETH ETFs saw $37M in inflows on Friday and ended with $105M Meme Coin Tracker

Meme leaders were mostly flat or green over the past week; DOGE even, SHIB -1%, PEPE +5%, PENGU +4%, TRUMP +1%, BONK -23% Robinhood chain was led by Stonkbroker (+180%), REAL (+200x) and FOX (+70%); Cashcat +22% to $72M Solana leaders included AVA (+30%) and Cubeman (+85%); ANSEM +5% to $198M 💰 Token, Airdrop & Protocol Tracker Pump.fun’s PUMP token is leading alt movers, up 26% on the week as its wave of unlocks begins Cross-chain protocol Allbridge halted after a $1.65 million flash-loan exploit that manipulated its Solana pool ratios, the latest in a wave of DeFi attacks 🚚 What is happening in NFTs? NFT leaders were slightly red; Punks even at 32 ETH, BAYC -2% at 8.65 ETH, Pudgy -5% at 4.06 ETH; Hypurr’s even at 188 HYPE Stonkbrokers (+125%) and Funkari (+30%) led top movers Pudgy Penguins officially launched their plushie toys in Target stores across the US Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Pump.fun’s rally gathered pace after the protocol overtook Hyperliquid and Tron in 24-hour revenue, strengthening confidence in its expanding ecosystem. 

The platform generated $893,255 in daily revenue, compared with $652,163 for Tron and $542,197 for Hyperliquid, highlighting stronger network activity and user engagement. 

Price followed that improving narrative as PUMP climbed 21.16% over the past 24 hours to trade near $0.001993, while trading volume jumped 403.69% to roughly $140 million. 

Investor sentiment also improved after Ansem disclosed a fresh $100,000 PUMP purchase, adding another layer of bullish conviction. 

Those developments reinforced the view that demand had expanded beyond short-term speculation and reflected growing confidence in Pump.fun’s broader ecosystem.

Why are top traders still leaning long? Derivatives traders maintained a constructive outlook despite PUMP’s sharp rally. Binance’s Top Trader Long/Short Ratio climbed to 1.60, showing that bullish positions continued to outweigh bearish bets. 

Long accounts represented 61.49% of tracked traders, while only 38.51% remained short during the latest reading. 

The positioning suggested experienced participants still expected higher prices instead of preparing for a broad reversal. Although aggressive long exposure often increased liquidation risk, traders had not reduced their bullish bias after the recent gains. 

Instead, positioning indicated that confidence remained intact as participants continued backing the ongoing recovery. 

Even so, sustained buying interest would likely remain necessary to validate those expectations over the coming sessions.

Source: CoinGlass PUMP cleared resistance as RSI neared extremes PUMP broke above the former $0.001637 resistance and pushed toward $0.0020, shifting that area into an important support zone after the breakout. 

Buyers also moved the price closer to the next resistance at $0.002314, while the broader upside target remained around $0.003000 if demand strengthened further. 

Meanwhile, the Relative Strength Index (RSI) climbed to 69.57, approaching overbought territory after rising well above its 54.58 signal line. 

The reading reflected strengthening buying pressure throughout the rally. However, the indicator also suggested the advance had started reaching stretched conditions. 

If buyers defend the newly reclaimed support, PUMP could attempt another move toward $0.002314. Otherwise, rejection near current levels could encourage a short-term pullback before another breakout attempt emerges.

Source: TradingView Final Summary Pump’s ecosystem expansion and whale buying continued supporting the recent price recovery. Bullish positioning and technical strength placed $0.002314 as the next important resistance level.

XRP recorded a sharp surge in open interest in the last few days, surpassing Hyperliquid’s HYPE token. The recent capital inflow into XRP from whales, spot ETFs, and derivatives traders has also kept prices stable. This indicates growing signs of institutional engagement in the XRP ecosystem.

XRP Futures Open Interest Surpasses HYPE According to CoinGlass data, XRP perpetual and futures open interest climbed significantly, reaching $2.60 billion as of July 20. A rise in open interest signals derivatives traders’ growing conviction and capital flow in XRP.

Derivatives market data showed massive buying in past 24 hours. The total XRP futures open interest jumped more than 10% to $2.60 billion. Futures OI across crypto exchanges climbed in the past 4 hours.

The crypto asset has surpassed HYPE to become the fourth largest in terms of total open interest. HYPE futures open interest dropped more than 2.50% to $2.57 billion in past 24 hours.

Total XRP Futures Open Interest. Source: Coinglass HYPE, the native token of the Hyperliquid, previously overtaken XRP in futures open interest earlier. HYPE open interest skyrocketed above $3 billion after Kalshi launched CFTC-regulated HYPE perpetuals.

Traders looking to take advantage of these volatile open interest swings can compare the best crypto futures trading platforms to evaluate margin rules, funding rates, and available leverage.

Rising Demand Among Institutions Fuels Momentum The major catalysts behind the recent growing institutional appetite for XRP include Ripple’s partnerships with many tradfi and crypto native firms, inflows into spot ETFs, and demand from derivatives amid low funding rates.

Jack McDonald, SVP Stablecoins at Ripple, told Grayscale about the company Ripple’s institutional strategy, and RWA adoption of RLUSD and XRP. Ripple has partnered with Ondo Finance, Mastercard, JPMorgan, and OKX to build the future of finance.

Ripple is partnering with @Mastercard, @jpmorgan, @okx, and @OndoFinance to build the future of finance for both traditional and digital assets.@_JackMcDonald_ joins Grayscale to discuss @Ripple's institutional strategy, real-world adoption of $RLUSD and $XRP, and what's next. pic.twitter.com/e98EgpiiJk

— Grayscale (@Grayscale) July 19, 2026

Moreover, spot ETFs recorded renewed inflows amid capital inflows into the crypto market. Cumulative net inflows and AUM have reached $1.49 billion and nearly $1 billion. Whereas HYPE ETF total assets under management reached $301.34 million, with significant outflows last week.

As CoinGape reported earlier, whales accumulated 70 million XRP in a week as US inflation cooled. The massive whale accumulation sent XRP price higher, alongside a notable surge in futures open interest.

Hyperliquid’s native token HYPE is trading near critical support, as technical signals and rising derivatives volumes focus investor attention on key price levels. Market participants are watching the $58–$59 range as a potential buy zone, with resistance clustered at the $64–$68 area. The next directional move for HYPE may hinge on whether these support and resistance areas hold or break in the days ahead.

Technical setup: Key support and resistance levelsCrypto analyst CryptoPatel has identified the $59 mark on the HYPE three-day chart as a crucial technical region. This area brings together a bullish order block, a fair value gap, and the 0.382 Fibonacci retracement, highlighting it as a potential foundation for a price turnaround if maintained.

Order blocks are zones where previous large-scale buying or selling took place, while a fair value gap refers to a period where price action moved so rapidly that little trading occurred, often providing a magnet for future price fills. The 0.382 Fibonacci retracement is commonly used to assess the depth of pullbacks within an existing trend.

If HYPE maintains this support cluster, it could establish the groundwork for a recovery attempt. However, a break below $58 may expose the token to further downside toward $53–$50.

On the upside, resistance at $64–$68 has emerged as a crucial breakout zone following HYPE’s retracement from its June high. A push above $68 could pave the way toward the $72–$76 range, bringing the previous all-time high near $77 back into view.

LevelRole$58–$59Support, technical buy zone$64–$68Resistance, potential breakout area$72–$76Resistance linked to previous price action$76–$77Major resistance near all-time high$53–$50Deeper support if correction extendsAmid ongoing technical developments, Hyperliquid has seen a significant increase in perpetual futures activity. Trading data shows the protocol handled approximately $266 billion in monthly perpetual futures volume last month. Hyperliquid’s volume reached 16.52% of Binance’s, up from nearly zero in 2023 and demonstrating notable growth since 2025.

This expansion has elevated Hyperliquid’s profile among decentralized crypto derivatives platforms. Built around its own Layer-1 blockchain, Hyperliquid enables non-custodial perpetual futures trading, offering an alternative to centralized exchanges like Binance.

While higher volumes can help boost platform revenue and increase token utility, strong trading activity does not guarantee immediate price appreciation for HYPE. Market structure and technical signals continue to remain central to the token’s short-term outlook.

Mini dictionary: Hyperliquid is a decentralized crypto derivatives exchange operating on its own custom Layer-1 blockchain, focused on providing non-custodial perpetual futures trading with high throughput and direct competition with leading centralized platforms.

Technical indicators: Mixed momentum and signalsRecent data from TradingView points to a neutral technical summary for HYPEUSDT across major timeframes. Moving averages send mixed signals, with shorter-term averages sometimes forming resistance and longer-term ones offering support based on recent multi-month gains.

Analysts are monitoring the 100-day exponential moving average as an additional support layer. Holding above this average could help sustain the bullish structure, while a failure could raise the risk of a drop to lower support zones.

Some trading pairs, especially on KuCoin, show limited or unavailable live technical readings such as RSI and MACD, likely due to liquidity constraints. Traders are advised to assess a range of spot and perpetual futures markets before leaning on any single indicator.

Momentum and next signalsFollowing its correction from the June high, HYPE now trades away from the heavily overbought conditions seen during its rally. Oscillators such as RSI, Stochastic, and Williams %R are likely closer to neutral or oversold territory, but confirmed indicator readings are not universally available.

Traders are watching for signs such as an RSI recovery above 50, a positive MACD histogram, and rising volume as confirmation of returning buying pressure. If these materialize, a stronger case could be made for a new bullish trend. A divergence between price and momentum indicators near $58–$59 support could also be significant.

Outlook: Price at a decision pointThe $58–$59 range remains a pivotal support for HYPE, overlapping with recent price lows and several technical indicators. Successfully holding this zone could set up a challenge of $64–$68 resistance. A confirmed breakout above $68 might open the way toward $72–$76 and ultimately the $77 record high.

Traders continue to watch volume and multi-timeframe momentum around these levels, as the next trend direction for HYPE is likely to hinge on confirmed support or a breakout above resistance.

On the other hand, a drop below $58 would shift the short-term outlook negatively, bringing $53–$50 into focus as potential next support.

While Hyperliquid’s fundamentals appear solid, with fast-growing derivatives market share and a token model tied to protocol revenue, near-term price movement for HYPE remains dependent on confirmation from both price and market participation.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

ZHIPU posts a short-term plunge of over 17%; major long investors, who are nearly 300% underwater on their principal, continue adding positions to average down.

According to Hyperinsight monitoring, ZHIPU on Hyperliquid plummeted before Hong Kong stock market opening. Within about an hour, it hit a low of $120.7, down roughly 17%; the decline continued during Hong Kong trading hours. On the news front, ZHIPU completed the placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released the 2.8-trillion-parameter open-source model Kimi K3, intensifying market concerns over China’s large language model competitive landscape, leading ZHIPU’s Hong Kong-listed shares to drop 28.49% that day. No new company-specific negative news has been identified as of press time. The sharp price drop has further hit ZHIPU’s largest long position holder: a whale wallet starting with 0xddb. The whale currently holds 7,300 contracts with 10x isolated long leverage, with a position value of approximately $905,000, average entry price of $174.2, and liquidation price of around $78.3. It has an unrealized loss of about $367,000, a return rate of -288.2%, equivalent to 2.88 times its initial position cost of $127,000. The whale first opened a long position near $198.45 on the evening of July 6 and has not sold since; at 10:12 today, it added 409.1 contracts against the trend at $129.6. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain information.

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China's Ministry of Industry and Information Technology (MIIT) will issue the Guidelines for the Construction of Computing Power Standard System, and promote the establishment of standards including market-based pricing for computing power.

The State Council Information Office held a press conference to brief on the development of industry and information technology in the first half of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology (MIIT) and Director-General of the Department of Information and Communication Development, stated that over the past two years, more than 70 major computing power corridors have been built around national computing power hub nodes, with network performance between these hub nodes improved by 10%. The current explosive growth of large AI models and agent applications has driven a continuous rise in demand for intelligent computing power. Going forward, the MIIT will continue to follow the systematic work approach of "point, chain, network, dimension, and system" to optimize the deployment of computing infrastructure resources, build interconnected computing power nodes, and enhance the utilization efficiency of computing power resources. In terms of focusing on key points, the MIIT will optimize the deployment of computing power resource supply, coordinate factors such as industrial development and energy supply, promote the construction of intelligent computing clusters and the coordinated development of computing power and electricity, build a tiered computing power layout, and strengthen overall monitoring of computing power. Additionally, it will issue guidelines for the construction of a computing power standard system, and promote the establishment of standards including computing power service capability evaluation and market-based pricing for computing power.

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Moody's: South Korea's economic growth may slow in the second quarter.

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A South Korean trading platform triggered the KOSPI index circuit breaker, halting program trading for 5 minutes.

South Korean exchange KRX triggered the sidecar mechanism due to KOSPI index volatility, suspending program trading for approximately five minutes. The sidecar mechanism is designed to address sharp short-term fluctuations, restricting only program trading while manual trading remains normal. Unlike the circuit breaker mechanism, the sidecar does not halt entire market operations, functioning more like a "speed bump" during periods of market volatility. By contrast, circuit breakers are typically used in extreme market scenarios, suspending all trading across the market when triggered to prevent panic-driven volatility from escalating further.

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Citigroup downgraded its rating for the South Korean stock market to "Neutral".

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SK Hynix experienced sharp price swings that trapped three newly entered whales, with the latest buyer chasing the rally only $60 away from liquidation.

According to Hyperinsight monitoring, SK Hynix (SKHX) on Hyperliquid saw sharp volatility after opening this morning. The token opened at $1168.1, surged to a high of $1270.1 within half an hour, marking an ~8.7% gain, before quickly pulling back. At 9:55 a.m., it hit a low of $1185.3, down ~6.7% from its peak. During this swing, three whales sequentially opened long positions on SKHX, holding a total of 11,620.674 contracts worth roughly $14.036 million. Based on SK Hynix’s current quoted price of $1198, all three long positions are now underwater: - Whale starting with 0xf4b: New long position with 10x leverage, holding ~$2.715 million, average entry price of $1210.6, unrealized loss of ~$9,000, liquidation price of $1130.4. - Whale starting with 0x564: New long position with 10x leverage, holding ~$4.918 million, average entry price of $1238.9, unrealized loss of ~$125,000, liquidation price of $851.5. - Whale starting with 0x2ab: Converted from a short position to long and continued adding to longs, with 10x leverage, holding ~$6.403 million, average entry price of $1212.8, unrealized loss of ~$25,000, liquidation price of $650.3. Notably, the 0xf4b whale is closest to liquidation. When SKHX dipped to $1185.3 intraday, the gap between its entry price and liquidation price narrowed to just ~$54.9; as the price rebounded to $1298, the gap has since widened to ~$68.

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