SpaceXAI: The Grok chatbot is already in the testing phase.
SpaceXAI has announced that its Grok chatbot is now in the testing phase, and starting today, it is available to desktop and iOS users who subscribe to the SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium plans.
3 hours ago
Trend-following funds have taken a record short position in global bonds, with the US CPI report expected to be the key determinant of their profit and loss.
According to Bloomberg, data from UBS Group shows that Commodity Trading Advisors (CTAs), which seek to profit from price movements across various asset classes, tripled their underweight positions in bonds in July from two weeks prior. Since then, these bets have remained stable. If the upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) push Treasury prices higher, the CTAs face the risk of losses. Strategist Nicolas Le Roux noted that a 1-basis-point move in the 10-year Treasury yield ahead of inflation data translates to roughly $300 million in profit or loss for CTAs, with this exposure being the largest UBS has recorded since it began compiling relevant data in 1990.
3 hours ago
Brad Lightcap, head of special projects at OpenAI, is set to depart.
According to a report from The Information, Brad Lightcap, head of special projects and former chief operating officer (COO) of OpenAI, is set to leave the company. Over the past year, Lightcap’s internal responsibilities at OpenAI have undergone multiple adjustments, with his latest role being leading "special projects". A long-time core member of OpenAI’s management team, Lightcap shifted from his COO position to lead special projects in early 2026 during an executive reshuffle, overseeing cross-company matters including complex transactions and strategic investments, and reporting directly to CEO Sam Altman. His departure comes as OpenAI continues to expand its commercialization efforts, advance enterprise business and strategic partnerships. The company has previously implemented multiple rounds of organizational restructuring, including transferring some COO responsibilities to other executives. Brad Lightcap joined OpenAI in 2018, and prior to that held roles at Y Combinator and JPMorgan Chase. He was one of the key operations and business leaders during OpenAI’s transition from a research institute to a commercial AI company.
3 hours ago
Fed's Goolsbee: The biggest problem facing the economy is inflation
Federal Reserve's Goolsbee said that as long as consumption remains robust, the economy will stay healthy. The biggest problem facing the economy is inflation. (Jinshi)
3 hours ago
Market News: ZoomInfo Data Now Integrated into Microsoft Copilot Studio
According to market reports, ZoomInfo data has now been integrated into Microsoft Copilot Studio, and is available for use in Microsoft 365 Copilot, Dynamics 365, Excel, and Word.
3 hours ago
OpenAI Special Projects Lead Brad Lightcap to Step Down
According to a report from The Information, Brad Lightcap, OpenAI’s head of special projects and former chief operating officer, is set to leave the company.
Hyperliquid‘s native token HYPE is trading near a significant support level after an institutional investor acquired $11.17 million worth of the asset. The move comes as HYPE attempts to stabilize following a pronounced decline earlier this month, raising speculation among market participants about a potential recovery in July.
Technical indicators signal consolidationAt the time of writing, HYPE is priced at $55.23, showing a modest increase of 0.11% on the day. The token recently fell below its 20-day exponential moving average (EMA) at $56.17, the 50-day EMA at $58.57, and the 100-day EMA at $56.68. Despite this, HYPE maintains its position above the 200-day EMA at $51.29, with the $52.26 area acting as a critical supporter in recent sessions.
Technical analysis from TradingView points to persistent selling pressure, with HYPE trading under its main short and mid-term EMAs. However, the 14-day relative strength index (RSI) currently stands at 44.80, suggesting some optimism but remaining below levels associated with overbought conditions.
If buyers are able to push HYPE above $56.17 and then $58.57, analysts view $65.90 as the next notable resistance. Market watchers are monitoring whether this stretch above key EMA levels could act as a catalyst for a larger move.
Significant buy from institution draws attentionOn social platform X, investor Ted Pillows highlighted a sizable $11.17 million institutional purchase in HYPE, describing it as evidence that some investors are seeing value in recent price dips. The influx of capital has introduced a new dynamic to a market that has trended sideways in recent days.
An institution bought $11,170,000 in $HYPE today, signaling that dips are being purchased actively, even as the token consolidates near support.
While this development does not guarantee an imminent rally, it marks a notable shift in sentiment and may encourage closer monitoring of HYPE by market participants.
Derivatives and trading volume remain robustAccording to CoinGlass, HYPE’s open interest in derivatives markets is currently around $2.3 billion, down from levels seen in June. Despite this reduction, overall trading volume remains elevated, and liquidation events have tapered off in comparison to the sharp spikes experienced during previous sell-offs.
This combination suggests the market is transitioning from aggressive forced selling to a phase characterized by more measured consolidation. Such a setup typically draws the attention of both technical traders and longer-term investors, as price volatility begins to subside.
With this evolving landscape, the broader trend towards tokenization of real-world assets (RWAs) and disintermediation is also in focus. While traditional markets depend on brokers, Wall Street has been steadily moving to Web3, with platforms such as 1stepSwap enabling investors to hold shares of leading U.S. corporations, gold, and silver directly in crypto wallets. The technology’s ability to tokenize RWAs and automatically source optimal prices in seconds is removing intermediaries and reshaping how capital flows in these sectors.
Price outlook for HYPE in AugustForecasts from Coincodex suggest that HYPE may reach a minimum value of approximately $41.01, an average near $45.50, and could touch a maximum of $55.21 during August. However, technical analysts note the opportunity for outperformance if bulls can reclaim and hold the $58.57 resistance level with sustained volume.
Some traders maintain a bullish scenario in which HYPE targets the $65.90 to $66.00 range, and potentially $70, if the token breaks resistance levels with strong buying activity. It is considered vital for bulls to maintain support at the $52 mark to keep this outlook intact.
As the consolidation phase continues, most analysts stress that forecasts rely heavily on technical signals and evolving market trends. The outlook remains dependent on maintaining critical support areas and reversing current downtrends.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Özellikle ABD’den gelen zayıf istihdam verileri, piyasada faiz artışı beklentilerinin azalmasına neden olurken bu durum Altın için yeniden pozitif bir ortam oluşturdu. Altındaki yükselişin en önemli nedenlerinden biri ise sadece bireysel yatırımcıların değil, merkez bankalarının da Altın almaya devam etmesi. Merkez bankaları son yıllarda rezervlerinde Dolar yerine Altın’ın ağırlığını artırmaya çalışıyor. Bunun temel sebebi ise Altın’ın herhangi bir ülkenin borcu olmaması ve ekonomik veya siyasi belirsizlik dönemlerinde güvenli liman olarak görülmesi. 2026 yılında yapılan bir ankette merkez bankalarının çok büyük bölümü Altın rezervlerinin önümüzdeki dönemde artmasını beklediğini belirtiyor.
Diğer taraftan dünya genelindeki siyasi ve ekonomik belirsizlikler de Altın’a olan ilgiyi canlı tutuyor. Özellikle ABD ekonomisinin ne kadar güçlü kalacağı, faizlerin hangi seviyede tutulacağı ve Orta Doğu’daki gelişmeler yatırımcıların güvenli liman arayışını artırıyor. Son dönemde ABD’den gelen zayıf iş gücü verileri de piyasada faiz beklentilerinin değişmesine neden olarak Altın’ın yeniden güç kazanmasını sağladı.
Teknik olarak incelersek:
XAU/USD paritesi günlük grafiği. 4000$ seviyelerinde yatay seyrettikten sonra tepki alıp yükseliş gösteren Altın, ilk olarak 4220$ bölgesini geçti ve üzerinde kapanış yaparak iç yapısındaki düşüşü sonlandırdı. Daha sonrasında bu alanı destek edinen Altın, önemli bir bölgeye gelmiş bulunuyor ve bu alanı da şuan kazanmış durumda. 4385$ üzerinde günlük kapanışların gelmesi Altın tarafında yükselişin devam edeceğinin işareti olacaktır. Bu bölgeyi de destek edinmesini bekleriz ve Altın için 4580$ seviyelerine kadar bir yükseliş görebiliriz. Altın tarafında düşüş sonrasında bir soğuma gerçekleştiğini ve bu alanların tekrar kazanılabileceğini bizlere göstermeye başladı.
4385$ üzerinde kalıcılık sağlanması halinde 4580$ seviyelerine kadar yükselmesini ve ilk direnç bölgesinin burası olmasını bekleyebiliriz. ABD tarafından gelen veriler şuanlık Altın’ın olumlu etkilenmesini sağlıyor. Özellikle piyasaların ABD enflasyon verisini beklediği bu dönemde, gelecek verilerin beklentileri desteklemesi halinde Altın tarafında yükselişin devam etmesini bekleyebiliriz. Şuan için 4385$ bölgesinin korunması, yükseliş senaryosunun devamı açısından önemli olacaktır.
Son dakika kripto para haberleri için hemen tıkla
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
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.
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H100 Group appoints Eirik Grøttum as Chief Executive Officer
According to an official announcement, H100 Group has appointed Eirik Gr?ttum as its Chief Executive Officer. Gr?ttum previously led Moonshot AS, which completed its acquisition by H100 yesterday. Background materials show he has experience in technology, fintech, systematic trading and digital assets, and previously co-managed related Bitcoin positions with Chief Investment Officer Peter C. Warren. Additionally, Peter C. Warren will remain in his role as Chief Investment Officer; Sander Andersen will continue as Executive Chairman; Johannes Wiik will return to serve as Chief Operating Officer, overseeing operations, corporate development, capital markets and strategic transactions among other duties.
2 minutes ago
Morgan Stanley: If US inflation cools less than expected, it may stoke concerns over interest rate hikes.
Morgan Stanley E*TRADE Director of Trading and Investment Management Chris Larkin stated that the S&P 500 index has broken out of its two-month trading range and may face tests from inflation and geopolitical factors this week. The jobs report may have eased concerns about a Federal Reserve interest rate hike next month, but if this week’s inflation data cools less than expected, those concerns are likely to deepen again.
2 minutes ago
Multiple South Korean securities firms have lowered the target prices of Samsung and SK Hynix, with the biggest cut exceeding 30%.
According to South Korea’s JoongAng Ilbo, Kiwoom Securities has also lowered its target stock prices for Samsung Electronics and SK Hynix. Recently, market concerns that the general memory chip industry has reached its peak (peak-out) have intensified, prompting an increasing number of securities firms to cut their target price expectations for South Korea’s two leading stocks: Samsung Electronics and SK Hynix. Per South Korea’s financial investment industry sources on the 11th, Kiwoom Securities the previous day reduced Samsung Electronics’ target price from 390,000 won to 350,000 won, and SK Hynix’s target price from 2.2 million won to 2.1 million won, while maintaining a "buy" rating for both stocks. The report notes that this trend of target price cuts in South Korea’s securities industry has been visible since the end of last month. At that time, amid debates over the semiconductor industry’s peak cycle and SK Hynix’s Q2 earnings release, major brokerages including Mirae Asset Securities, Shinhan Investment Securities, and Samsung Securities had already successively cut the target prices of both stocks by around 30%.
2 minutes ago
Kalshi to Enhance Trading Surveillance by Adopting Nasdaq’s Market Surveillance Tools
According to Reuters, Kalshi will adopt Nasdaq’s market surveillance tools to enhance monitoring of trades on its platform. The firm plans to integrate Nasdaq’s market surveillance platform in phases. Kalshi stated that integrating Nasdaq’s 24/7 surveillance platform with its own trading infrastructure will help detect market abuse, manipulation, and insider trading in real time, and support the submission of trade data in the format required by the Commodity Futures Trading Commission.
2 minutes ago
International oil prices give back some of their gains, as progress in talks between Oman and Iran eases supply concerns.
Brent and U.S. crude oil futures have given back some of their earlier gains, as markets closely monitor developments in the Middle East. A spokesperson for Qatar’s Ministry of Foreign Affairs stated: “Negotiations between Oman and Iran have now entered an ‘advanced stage’. We have received positive feedback from both countries, and the talks are at a critical juncture. We support all de-escalation efforts. As a mediator, we hope to reopen the Strait of Hormuz as soon as possible. Qatar backs any plan that ensures the security of the Strait of Hormuz and freedom of navigation, and prevents it from becoming a tool for political pressure.”
2 minutes ago
Intel is down 1% in pre-market trading after announcing it expanded its stock offering size and priced the offering.
According to BIT (Bit.com) market data, Intel (INTC.O) shares fell 1% in pre-market trading. Earlier, the company announced an increase in the size of its stock offering and completed the relevant pricing.
Hyperliquid, a decentralized perpetual futures exchange, has reportedly captured 44% of the on-chain perpetual volume, managing approximately $10 billion in open interest. This development highlights the platform’s growing dominance in the decentralized finance (DeFi) sector, expanding beyond cryptocurrencies into equity-linked, commodity, and pre-IPO markets. The concentration of such a significant share of on-chain perpetual liquidity in one venue raises questions about market resilience, particularly concerning liquidity and operational risks during periods of stress. Observers are watching how this centralization might impact the broader DeFi ecosystem.
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Key Takeaways Hyperliquid’s dominance in the on-chain perpetual market suggests strong support for its growth and expansion. The concentration of liquidity at Hyperliquid could indicate potential risks if the platform experiences operational disruptions. Pricing suggests market participants view Hyperliquid’s expansion into diverse asset classes as a positive development for its future. What to Watch Market participants will be observing Hyperliquid’s ability to maintain its market share and manage operational risks. Any significant changes in regulatory environments or technological disruptions could influence Hyperliquid’s competitive position. Developments, such as new partnerships or innovations, could also affect market sentiment and pricing, particularly in the context of Hyperliquid’s price prediction market for 2026. Market resilience will be closely monitored as the concentration of liquidity on one platform poses potential risks during volatile market conditions.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 13% — — View market → January 1 2027 4.2% — — View market → January 1 2027 2.9% — — View market → January 1 2027 28.5% — — View market → January 1 2027 9.5% — — View market → January 1 2027 3.4% — — View market →
Clients can now move USDC more efficiently and manage balances on the Hyperliquid network.
, /PRNewswire/ -- Reap, a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure, today announced support for USDC funding via Hyperliquid. Clients can now generate a Hyperliquid wallet address within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.
In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC is now the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026, up almost 20% in a single month.
As USDC cements itself as the anchor stablecoin of one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet. A direct funding rail removes that extra step, letting clients put Hyperliquid-based USDC to work in their cards and payment balances. This launch also expands Reap's own network coverage for stablecoin funding, with Hyperliquid joining Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits.
For businesses that already keep working capital on Hyperliquid, this adds a direct path to convert on-chain USDC into operating balances, without routing funds through an intermediary exchange or wallet. That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail. The addition of Hyperliquid gives clients another stablecoin funding rail, reducing friction for businesses that already hold or transact in USDC on Hyperliquid, and makes it easier for clients to fund their cards and payments balances directly.
"With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses." said Harris Leow, Head of Product, Reap.
Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, from making it easier for clients to fund and deploy USDC held on Hyperliquid, to unlocking more seamless ways to move value between on-chain liquidity and real-world spend. By deepening this integration, Reap aims to create more flexibility for clients while supporting greater real-world utility for stablecoins on Hyperliquid.
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.
More information about Reap can be found at reap.global.
Clients can now move USDC more efficiently and manage balances on the Hyperliquid network.
HONG KONG, Aug. 11, 2026 /PRNewswire/ — Reap, a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure, today announced support for USDC funding via Hyperliquid. Clients can now generate a Hyperliquid wallet address within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.
In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC is now the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026, up almost 20% in a single month.
As USDC cements itself as the anchor stablecoin of one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet. A direct funding rail removes that extra step, letting clients put Hyperliquid-based USDC to work in their cards and payment balances. This launch also expands Reap’s own network coverage for stablecoin funding, with Hyperliquid joining Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits.
For businesses that already keep working capital on Hyperliquid, this adds a direct path to convert on-chain USDC into operating balances, without routing funds through an intermediary exchange or wallet. That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail. The addition of Hyperliquid gives clients another stablecoin funding rail, reducing friction for businesses that already hold or transact in USDC on Hyperliquid, and makes it easier for clients to fund their cards and payments balances directly.
“With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses.” said Harris Leow, Head of Product, Reap.
Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, from making it easier for clients to fund and deploy USDC held on Hyperliquid, to unlocking more seamless ways to move value between on-chain liquidity and real-world spend. By deepening this integration, Reap aims to create more flexibility for clients while supporting greater real-world utility for stablecoins on Hyperliquid.
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.
More information about Reap can be found at reap.global.
Monero [XMR] saw a 14% increase in Open Interest in the past 24 hours, and the altcoin prices briefly surmounted the $400 psychological level on Sunday, August 9. Since making a local high of $413.5, Monero has been pegged back by 5.6%, trading at $390 at the time of writing.
After making a low of $300.6 on June 30, the privacy token has rebounded by 29.87%, even after accounting for the drawdown in recent trading hours.
Bitcoin [BTC] faced rejection at $65.3k, the 78.6% Fibonacci retracement level based on its 4-hour swing structure. The latest rejection from the $65k-$67k supply zone has led to market-wide losses.
Lookonchain observed that a Monero whale wallet on the decentralized exchange Hyperliquid was positioned long. The wallet has opened a 4x long on XMR worth $36 million, targeting $475-$516 as take-profit targets.
Given the past month’s momentum, will this whale’s trade be proven correct? Here’s what the price action signaled.
The higher timeframe bias for Monero Source: XMR/USDT on TradingView On the weekly timeframe, XMR has a bullish swing structure. It has been making higher lows since 2024, and its upward momentum accelerated towards the end of that year.
The latest impulse move, from $230 to $800, is what the current weekly structure hinges on. At the time of writing, the privacy token was still within a deep retracement, but has not breached this overarching structure.
The OBV and the MFI signaled a tug-of-war between the bulls and the bears in 2026, with neither side able to gain the upper hand.
Traders’ call to action- Sell Source: Alphractal on X Despite the bullish higher timeframe bias, the latest rally up to $400 presented a problem. In a post on X, crypto intelligence platform Alphractal observed that a main reason behind the move was the overhead short liquidation levels.
If the move turns into a liquidity sweep instead of a bullish breakout, it could spell trouble for the buyers who are trying to trade with the short-term momentum.
Source: XMR/USDT on TradingView Towards the end of June, Monero witnessed a bearish structural shift. The rally since then, up to $400, was another pullback, this time to the upside.
The OBV has been rising in recent weeks. The MFI signaled bullish momentum. Yet, the swing structure on this timeframe favored the sellers.
Moreover, the weekly OBV was weak, and the MFI signaled a lack of strong momentum. This means that another price drop toward $300 or slightly below can not be discounted.
A breakout past the $437 high, alongside increased buying pressure, is needed to shift the daily structure bullishly and establish the next uptrend.
Final Summary The Monero rally up to $400 was a pullback, and not relative strength, the daily timeframe swing structure revealed. Without sustained, sizeable buying pressure, a bullish breakout past $437 could be difficult.
Pump.fun generated $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total crossed $10 million under its current reporting series.
Summary
Pump.fun generated $10.03 million in weekly protocol fees, up 12% from the previous week’s total. The platform bought back and burned 2.15 billion PUMP, worth approximately $5.02 million that week. Ecosystem trading volume reached $2.97 billion, the strongest weekly total since late January, Pump.fun reported. DefiLlama now shows Pump revenue at $35.67 million over 30 days, above Hyperliquid’s $32.46 million. PUMP traded near $0.0028, up 33.8% weekly, before another scheduled token unlock arrives on Wednesday. The Solana based token launch platform said fees increased 12% from the previous week as trading activity recovered across its launchpad, PumpSwap exchange and Terminal trading product.
The latest newsletter described the period as the platform’s “first week above $10M.” Independent DefiLlama data supports the broader revenue recovery, although its rolling measurement window differs from Pump.fun’s fixed Aug. 3 to 9 reporting period. DefiLlama recorded $10.49 million of Pump protocol revenue over the latest seven days.
Pump.fun revenue moves ahead of Hyperliquid Pump.fun also said it had overtaken Hyperliquid in revenue measured over 30 days. DefiLlama’s latest data supports that comparison. Pump recorded $35.67 million of revenue during the latest 30 day period, while Hyperliquid generated $32.46 million.
The comparison requires some care because DefiLlama measures the protocols differently. For Pump, revenue includes the platform’s share of bonding curve fees, PumpSwap protocol fees and Terminal fees after applicable payouts. Hyperliquid revenue primarily reflects fees routed to its Assistance Fund for HYPE purchases. Pump’s broader gross fees were much higher at $88.87 million over 30 days because that measure also captures fees distributed elsewhere in the ecosystem.
Trading activity also strengthened. Pump.fun reported $2.97 billion in ecosystem volume during Aug. 3 to 9, which it called its “strongest trading week” since late January. Bonding curve volume accounted for $751.6 million, while PumpSwap processed another $2.22 billion.
PUMP buybacks burn another $5 million of tokens Pump.fun said $5.02 million was used to purchase and burn approximately 2.15 billion PUMP during the seven day period. The purchases form part of its commitment to route 50% of revenue toward PUMP buybacks and burns through a locked smart contract. The platform said cumulative repurchases and burns have now offset 15.7% of the token’s original total supply.
Pump.fun Newsletter, source: Sapijiju/X Blockchain based tracking broadly corroborates the latest buyback activity. DefiLlama, which measures PUMP holder revenue from recorded burns, showed $5.16 million flowing to token holders through the mechanism over its latest seven day rolling window. The difference from Pump.fun’s $5.02 million figure is expected because the reporting windows and aggregation methods are not identical.
The new figures continue a buyback strategy that has become central to PUMP’s token economics. As previously reported in earlier token unlock analysis, Pump.fun committed half of platform revenue to automated repurchases and burns after carrying out a much larger supply reduction earlier in 2026.
PUMP rallies but another token unlock is approaching PUMP was trading near $0.0028 on Aug. 11, according to DefiLlama. The token had gained about 33.8% over seven days and 104.1% over 30 days, taking its circulating market capitalization to about $1.1 billion. However, it remained roughly 68% below its September 2025 record high.
The timing does not establish that the latest fee report caused the rally. PUMP had already been advancing during the period covered by the newsletter, while buybacks, increased trading activity and broader market conditions were developing simultaneously. In related previous market coverage, buyback activity had already emerged as one factor traders were watching around PUMP.
Attention now moves to another scheduled supply event. DefiLlama’s schedule lists 4.167 billion PUMP for the team and 2.708 billion for existing investors as becoming unlocked on Aug. 12. The combined 6.875 billion PUMP was valued at roughly $19.2 million using the tracker’s latest price and represented about 1.75% of circulating supply.
Social trading grows as U.S. lawsuit remains unresolved Pump.fun is also trying to deepen activity beyond token launches. The platform publicly launched social trading on Aug. 7, introducing token callouts that alert followers, zero fee trading and cross chain trades funded with USDC. Its post confirmed those features, while the newsletter said callouts increased 44% during the week and replies rose 87%.
Social trading just leveled up on the Pumpfun app!
– Callout tokens, alert EVERY single follower
– Trade with ZERO fees
– Trade crosschain seamlessly with USDC
Grow your following now 👇 pic.twitter.com/lZGWozPCEY
— Pump.fun (@Pumpfun) August 7, 2026 The revenue rebound comes while Pump.fun continues to face a separate U.S. legal challenge. The federal docket for Aguilar v. Baton Corporation Ltd. in the Southern District of New York lists April 13, 2026 as its last known filing date. Plaintiffs have alleged securities violations and other misconduct involving tokens sold through the platform. Those remain allegations, not findings of liability.
The case has been covered previously in earlier lawsuit coverage. Meanwhile, the more immediate market test arrives with Wednesday’s PUMP unlock. Beyond that event, the key operating measure will be whether the recent rebound in trading continues and keeps revenue above the levels that pushed Pump ahead of Hyperliquid over the latest 30 day period.
PANews, August 11 news: According to SoSoValue data, crypto market sectors pulled back broadly, with the NFT sector dropping 25.62% in 24 hours — among which Audiera (BEAT) plunged 55.02%. Bitcoin (BTC) declined 1.85%, breaking below $65,000; Ethereum (ETH) fell 2.44%, breaking below $1,900.
Only DeFi and Layer2 sectors remained relatively resilient, gaining 1.11% and 2.01% respectively. Within the DeFi sector, Hyperliquid (HYPE) rose 1.76%, and Ethena (ENA) climbed 3.56%; within the Layer2 sector, Arbitrum (ARB) advanced 3.44%, and Mantle (MNT) jumped 5.48%.
As for other sectors, the Layer1 sector dipped 0.54%, with Cardano (ADA) down 3.19%; the CeFi sector slipped 0.63%, though Bitget Token (BGB) gained 1.65%; the PayFi sector fell 1.53%, with Telcoin (TEL) dropping 6.77%; the Meme sector lost 1.98%, while Pump.fun (PUMP) bucked the trend to surge 4.74%.
xStocks Goes Live on Hyperliquid's Core Exchange Layer@xStocksFi has launched on @HyperliquidX's core exchange layer, starting with five tokenized equities and ETFs. The initial assets are already leading open interest across Hyperliquid's stock perpetuals, with the project indicating that more assets are planned.
The tokens provide economic exposure to the underlying equities rather than direct ownership, a structure common across the tokenized-equity sector. The instruments are designed to provide price exposure only, not direct ownership of shares, and are not available to US persons.
Companies like Backed Finance (xStocks) and Ondo Finance create tokenized stocks backed 1:1 by real shares held in regulated custody. KYC is required at the issuer level for primary mints but not for secondary trading, which is why Backed cannot serve US persons.
A Crowded But Growing Venue for Tokenized StocksxStocks is not the first tokenized-equity provider to arrive on Hyperliquid. Ondo tokenized stocks can be transferred from BNB Chain and Ethereum to Hyperliquid's HyperEVM via the Ondo Bridge, powered by LayerZero, bringing tokenized stocks and ETFs such as SPYon, NVDAon, and TSLAon to the platform. Holders of Ondo tokenized stocks and ETFs can pair long tokenized spot exposure with perpetual positions on applicable markets, unlocking strategies such as basis trades, funding arbitrage, and delta-neutral positioning. Dinari's dShares have also been available on Hyperliquid.
The xStocks launch adds another distribution point for a product that has scaled quickly since it first appeared on Solana and centralised exchanges. The platform has recorded more than $3.5 billion in on-chain activity from over 80,000 unique on-chain holders. xStocks hold 8 of the top 11 positions for tokenized equities by unique holders, accounting for 68% of the top 25 tokenized stocks by unique holders as of February 2026.
The broader tokenized-equity market has expanded rapidly in parallel. CoinGecko's RWA Report 2026 shows total RWA perps volume reached $524.8 billion in Q1 2026 alone, more than the $313.0 billion recorded for all of 2025. Platforms including Hyperliquid, via HIP-3, and Binance offer up to 20x leverage on these instruments.
The Hyperliquid listing extends xStocks' multi-venue strategy. Leading crypto platforms including Bybit, Gate.io, and others have already integrated xStocks, bringing tokenized US equities to retail investors, professional traders, and institutional clients worldwide.
Sources:
Markets Media: Ondo Brings Tokenized Stocks to Hyperliquid
Kraken Blog: xStocks Surpass $25 Billion in Total Transaction Volume
CoinGecko: What Are Tokenized Stocks
Hyperliquid, the Layer 1 blockchain that has quietly built one of the most active decentralized exchanges in crypto, now supports tokenized US equities through an integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The move brings xStocks, which are 1:1 backed tokenized versions of US stocks and ETFs, onto Hyperliquid’s spot trading infrastructure.
How the plumbing works Chainlink’s CCIP serves as the connective tissue between Hyperliquid and the broader multi-chain ecosystem. The protocol handles cross-chain token transfers through a burn-and-mint mechanism, meaning tokens aren’t just copied across chains. They’re destroyed on one side and recreated on the other, keeping supply in check.
Hyperliquid runs two layers: HyperCore, a custom-built order-book engine, and HyperEVM, an Ethereum Virtual Machine compatible environment. CCIP bridges the gap between HyperCore’s native tokens and ERC-20 tokens on HyperEVM, allowing assets from other chains to plug into Hyperliquid’s trading system.
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The cross-chain infrastructure also leverages xBridge, which initially focused on Ethereum-to-Solana transfers before expanding to support Hyperliquid. Together, CCIP and xBridge create a pipeline for tokenized assets to move across chains and land on Hyperliquid’s spot markets.
At least 10 xStocks tickers have registered for spot trading on the platform following auction processes, according to community reports. Tickers like AAPLx and NVDAx give users direct exposure to the underlying equities without leaving the DeFi ecosystem.
What xStocks actually are xStocks are tokenized representations of US equities and ETFs developed by Backed Finance, which is part of the Kraken Group. Each token is backed 1:1 by the corresponding underlying asset, meaning one AAPLx token represents one share of Apple stock held in reserve.
Until now, Hyperliquid was primarily known for perpetual futures trading, where it has carved out a dominant position among decentralized exchanges. Adding tokenized equities to its spot markets represents a meaningful expansion of its product surface area.
Why this convergence matters The CCIP integration on Hyperliquid has been live since July 2025, giving the infrastructure several months to stabilize before the xStocks rollout gained traction.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid, a decentralized perpetuals exchange and Layer 1 blockchain, is reportedly expanding its market offerings, which may drive demand for its native token, HYPE. According to a tweet from Delphi Digital, new market launches on Hyperliquid increase demand for HYPE as the platform channels most of its fees into HYPE buybacks. This development aligns with Hyperliquid’s latest expansion into spot and outcome prediction markets, adding more fee-generating venues. The platform’s buyback mechanism, which routes up to 99% of protocol fees to HYPE purchases, plays a significant role in this process.
The expansion of Hyperliquid’s markets and the associated fee mechanism appear to support the potential for increased demand for HYPE. Market pricing reflects a cautious optimism about Hyperliquid’s price prospects, with current predictions for reaching $100 by the end of 2026 priced at 11% YES. The market has seen fluctuations, with the YES percentage slipping from 18% a week ago to 11% now, suggesting some uncertainty among participants.
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Hyperliquid’s growth strategy includes the implementation of HIP-3 and HIP-4 initiatives, encouraging builders to deploy new markets by staking significant amounts of HYPE. This strategy aims to broaden the platform’s appeal and revenue streams, potentially affecting market sentiments and price predictions for HYPE.
Key Takeaways Hyperliquid’s market expansion appears to increase demand for HYPE by directing most fees into buybacks. Market pricing suggests cautious optimism for HYPE reaching $100 by December 31, 2026, currently at 11% YES. The introduction of HIP-3 and HIP-4 initiatives could indicate further growth and demand for HYPE. What to Watch Watch for Hyperliquid’s future announcements regarding partnerships or new market launches, as these could influence price predictions. Regulatory developments or security issues could impact sentiment and pricing. Observing changes in sub-market odds and volume could provide further insights into market confidence regarding Hyperliquid’s price trajectory toward the $100 mark by the end of 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 11% — — View market → January 1 2027 4.1% — — View market → January 1 2027 2.9% — — View market → January 1 2027 29.5% — — View market → January 1 2027 9.7% — — View market → January 1 2027 3.4% — — View market →
Hyperliquid [HYPE] faced intensifying selling pressure following a $2.03 million KuCoin whale deposit, as positive netflows strengthened exchange-side supply concerns.
The exchange-bound transfer increased available supply while HYPE attempted to stabilize following its broader decline. The whale deposited 37.39K HYPE, worth approximately $2.03 million, to KuCoin six hours earlier.
The same wallet also transferred 290.75K USDC, worth roughly $290.65K, to Kraken one hour earlier. However, the HYPE transaction carried greater significance because it directly increased exchange-bound token supply.
Exchange deposits often expand immediately tradable supply, although they do not confirm completed sales. Therefore, the transaction strengthened distribution concerns rather than proving the whale had already sold. More importantly, broader spot flows supported the same direction, giving the transfer stronger bearish context.
Spot inflows strengthen the selling case Exchange flows had already shifted toward the supply side as the whale moved HYPE onto KuCoin.
Spot Netflow reached approximately $1.24 million at press time, confirming inflows exceeded outflows during the latest recorded period. Previously, HYPE had registered substantial negative netflows, including several pronounced outflow spikes around late July.
Those readings reflected tokens leaving exchanges and reduced the immediately available exchange supply. However, the latest positive reading marked a change from that withdrawal-heavy activity.
The whale’s $2.03 million deposit reinforced the shift because both metrics pointed toward increased exchange availability. Although one positive session could not erase previous outflows, current conditions clearly favored incoming supply.
Thus, the latest exchange activity gave sellers a stronger near-term position. Continued positive netflows would increase pressure on buyers to absorb additional HYPE supply.
Source: CoinGlass Whales stay active as retail participation cools Large traders had maintained their presence while broader market participation weakened across HYPE’s spot market.
The Spot Average Order Size registered Big Whale Orders, highlighting continued activity from larger market participants.
Meanwhile, the Spot Volume Bubble Map was cooling, pointing toward weaker participation across the wider spot market. This divergence gave whales greater influence over HYPE’s immediate market direction.
Notably, exchange activity provided a bearish direction to their growing influence. Positive spot netflows reached $793.92K, while one whale deposited $2.03 million in HYPE to KuCoin.
Therefore, whale activity increasingly favored the supply side as broader participation cooled. Retail demand appeared less capable of counterbalancing incoming exchange supply under those conditions.
Unless broader participation strengthens, whale-driven exchange inflows could keep sellers dominant and restrict HYPE’s recovery.
Source: CryptoQuant Improving MACD gives HYPE a recovery chance Despite stronger supply pressure, HYPE defended $53.67 and preserved an opportunity for another recovery attempt.
Price reached approximately $54.65 after rebounding from the lower area of its descending structure. Yet, the descending trendline continued restricting upside progress below the $57.10 resistance.
MACD had improved during the rebound, adding some technical support for buyers. At press time, its line reached -1.93, above the -2.23 signal line, while the histogram climbed to 0.30. Both MACD lines remained below zero, however, leaving the broader recovery unfinished.
RSI had reached 43.42, above its 39.57 average, but remained below the neutral 50 threshold. A sustained recovery could challenge $57.10 and potentially expose $62.48 afterward. Failure around resistance would keep $53.67 vulnerable, while a breakdown could reopen $51.09.
Source: TradingView Final Summary HYPE exchange inflows and whale activity currently give sellers the stronger near-term position. Holding $53.67 keeps recovery alive, but $57.10 remains the crucial upside hurdle.
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.
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Someone really likes Monero right now. A newly created wallet dropped 3.56 million USDC onto Hyperliquid, the decentralized perpetual exchange, and immediately opened a leveraged long position on 36,000 XMR tokens. At entry prices hovering between $395 and $400, the notional value of the trade clocks in at roughly $14.33 million.
The trader then set a take-profit ladder between $475 and $516, suggesting they’re expecting XMR to rally another 20% to 30% from current levels.
Breaking down the trade The position uses approximately 4x leverage, meaning the trader’s $3.56 million in deposited collateral is controlling a position worth more than four times that amount.
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On-chain analytics from Lookonchain first flagged the whale activity on August 10, 2026. The wallet in question appears to have been created specifically for this trade, which is a common pattern among large traders looking to keep their broader portfolio activity under wraps.
XMR has gained nearly 10% over the past week, trading in a range between $393 and $402 after breaking through a descending trendline that had been capping price action.
Hyperliquid is a decentralized exchange specializing in perpetual futures that operates on its own Layer-1 blockchain to facilitate on-chain order books and leveraged trading. Perpetual futures allow traders to bet on price movements without actually buying the underlying asset — you’re trading a synthetic contract that tracks XMR’s price, settled in stablecoins, with leverage available to amplify exposure.
This distinction matters for Monero in particular. XMR has been delisted from several major centralized exchanges over the years due to regulatory concerns around its privacy features, making it harder to trade in traditional spot markets. Perpetual futures on platforms like Hyperliquid offer an alternative route for traders who want exposure without navigating the shrinking list of venues that still support direct XMR trading.
A pattern of whale interest This isn’t the first time a large trader has taken a sizable XMR position on Hyperliquid. Earlier in 2026, a similar whale trade surfaced involving a $2.27 million USDC deposit used to open a 2x leveraged long on Monero. The current trade is significantly larger in both collateral and leverage.
The take-profit range of $475 to $516 would represent a roughly 19% to 29% move from the entry zone. At 4x leverage, a 25% adverse move would wipe out the collateral entirely without intervention.
With spot market access becoming increasingly restricted, decentralized perpetual exchanges are absorbing a growing share of XMR volume. That means XMR’s price discovery is happening less on order books where actual coins change hands and more on synthetic markets where stablecoins serve as the medium of exchange. Hyperliquid, which operates without traditional KYC requirements for most users, is a natural landing spot for that flow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Highlights The HyperLabs team released 433,025 HYPE tokens (approximately $23.46M) and transferred them through Flowdesk to exchanges like OKX and Bybit Blockchain analyst Ember verified that 75,000 HYPE (roughly $4.19M) was swapped to USDC on the Hyperliquid platform HYPE price stood near $54.60 on Aug. 9, sliding from approximately $56.16 on Aug. 7, representing a 28% decline from its June high of ~$77 The protocol’s gross revenue has contracted 43% from approximately $357M in Q3 2025 to around $202M in Q2 2026 While open interest reached an all-time high of $11B on July 13, the HIP-3 builder fee-sharing mechanism now accounts for 18% of gross revenue On Aug. 8, HyperLabs initiated an unlock of 433,025 HYPE tokens valued at approximately $23.46 million, routing them through market maker Flowdesk before directing them to deposit wallets at major exchanges OKX and Bybit.
The movement was initially spotted by blockchain monitoring service Lookonchain, which characterized the transfers as “likely to sell.” However, this designation represents an analysis of wallet patterns rather than definitive proof of liquidation, as tokens transferred to exchanges may serve various purposes including custody arrangements or liquidity provision.
Additional blockchain intelligence from analyst Ember offered more concrete evidence regarding a portion of the unlock. From the 165,000 HYPE channeled through Flowdesk, 75,000 tokens representing approximately $4.19 million were directly converted to USDC on the Hyperliquid platform itself. An additional 90,000 HYPE valued at roughly $5.04 million was deposited to wallets at OKX and Bybit.
The disposition of the remaining tokens from the full 433,025 unlock remains unconfirmed through available blockchain records.
HYPE was trading at approximately $56.16 on Aug. 7 before slipping to around $54.06 on Aug. 8. While this decline aligned temporally with the team’s token movements, correlation in timing doesn’t necessarily establish causation for the entire price movement.
Hyperliquid (HYPE) Price Protocol Revenue Continues Downward Trend Despite Volume Growth This token unlock arrives during a challenging period for Hyperliquid’s revenue performance. The protocol’s gross revenue reached its zenith at approximately $357 million in Q3 2025 and has experienced consecutive quarterly declines, falling to about $202 million in Q2 2026 — representing a 43% contraction, based on DefiLlama analytics.
Source: Shaurya Malwa/CoinDesk Open interest achieved a milestone of $11 billion on July 13. The platform currently captures approximately 9% of total global perpetual positions, increasing from below 7% in late May.
The divergence between expanding volume and contracting revenue primarily traces back to HIP-3, an initiative introduced in October 2025 that permits anyone staking 500,000 HYPE to launch custom perpetual markets while retaining up to 50% of generated trading fees. Markets deployed by builders have expanded from approximately 2% of perpetual volume at the beginning of 2026 to roughly half of total volume currently.
Revenue costs have climbed from under 6% of gross revenue in Q2 2025 to 18% one year later.
Tokenized Assets Emerge as Platform Leaders Perpetual contracts tracking real-world assets — including crude oil, gold, Nvidia, Tesla, a Nasdaq-100 index tracker, and pre-IPO offerings like SpaceX — reached record open interest of $3.6 billion this month. During the period from July 13 to July 19, tokenized equities and commodities generated $25 billion in trading volume, comprising 52% of the week’s total activity.
Trade.xyz represents more than 90% of all HIP-3 open interest. On Monday, a single transaction on an illiquid Korean pre-market platform caused Trade.xyz’s SK Hynix contract to plunge 19%, triggering liquidations that the company has subsequently committed to compensating.
Spot HYPE exchange-traded funds recorded their first weekly outflow during the week ending July 17, totaling approximately $7 million and breaking a nine-week streak of inflows.
The Assistance Fund acquired roughly $149 million worth of HYPE during Q2 2026, down from nearly $290 million in Q3 2025.
Blockchain data from Lookonchain indicated that despite recent institutional distribution, three freshly established wallets extracted 165,425 HYPE valued at $9.16 million from FalconX during the past five days — indicating that certain market participants continue to accumulate positions at present price levels.
Robinhood Markets on Monday said it will start offering crypto trading in the UK, giving users access to over 50 cryptocurrencies including Bitcoin, Ethereum, XRP, and Hyperliquid. The all-in-one app will offer crypto trading through Bitstamp UK this week. HOOD stock jumps in premarket hours.
Robinhood Announces Crypto Trading Launch via Bitstamp in the UK Robinhood has begun rolling out crypto trading to eligible UK customers via Bitstamp, adding more than 50 crypto assets to its app. This also includes stocks, ISAs, options, and futures as Robinhood continues to expand its broader crypto ecosystem.
As part of the launch, Robinhood will charge zero trading fees, no account maintenance fees, and no custody fees. However, users must pay a 0.1% foreign exchange fee, which could increase to 0.3% for certain weekend conversions.
However, crypto holdings through Bitstamp UK are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
The firm also introduced “Robinhood Cortex Digests for Crypto,” a generative AI-powered tool that analyses breaking news, market data, technical indicators and Robinhood’s insights. The AI service helps explain the key factors driving price movements of individual crypto assets on a given day.
“Our new product provides a transparent, low-cost alternative to many incumbent U.K. platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers’ returns,” Robinhood said.
The launch comes as Robinhood secured crypto registration in UK from the Financial Conduct Authority (FCA). It enabled Robinhood’s UK business to operate legally and meet UK anti-money laundering (AML) requirements.
HOOD Stock Jumps HOOD stock price climbed 0.77% to above $94 as Robinhood continues to expand services. The stock closed 2.84% higher at $93.29 on Friday after moving in the $92.52-$95.75 range.
The stock has surged nearly 8% after reporting its Q2 earnings. While earnings beat Wall Street estimates, crypto transaction revenue dropped to $100 million. However, Robinhood’s launch of crypto trading in the UK could boost its crypto revenue.
Bernstein maintained a $160 price target on HOOD stock, implying about 85% further upside. The firm pointed to Robinhood Chain, tokenized stocks, Bitstamp, and Robinhood Earn as new growth areas.
For investors seeking on-chain exposure to traditional equities, check the best exchanges for tokenized stocks that provide a secure bridge to hybrid digital assets.
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There is a significant difference between Bitcoin traders on Binance and Hyperliquid, as evidenced by the cumulative volume delta, which shows that aggressive buying is almost exclusively concentrated on the larger centralized exchange. According to the given one-week BTC CVD chart, Binance reached roughly $1.09 billion on August 10, while Hyperliquid only has $22.46 million.
Enormous disparityAccordingly, Binance's number is approximately 48.5 times larger than Hyperliquid's, or 4,753% higher.
The difference between market buy and market sell volume over time is measured by CVD, or cumulative volume delta. Stronger market selling is indicated by a declining CVD, whereas a rising reading typically indicates aggressive buyers are consuming available sell-side liquidity.
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Source: Velo_xyzThe two platforms stand in stark contrast to one another. Since August 4, Binance's CVD has increased nearly steadily, with multiple rapid increases pushing it over the $1 billion mark. After exhibiting some initial positive activity, Hyperliquid returned to neutral territory.
By August 10, its CVD had only slightly recovered to $22.46 million. This implies that rather than being consistent across major trading venues, the current wave of aggressive demand for Bitcoin has a significant Binance component.
Bitcoin in consolidation phaseHowever, the price has not reacted to that buying pressure proportionately. While significant resistance continues to limit the larger technical structure, Bitcoin is consolidating around $65,000. This disparity is significant because it may be a sign that passive sellers are absorbing aggressive market purchases if there is a consistent positive CVD and a comparatively flat price.
Additional context for activity within the Binance ecosystem can be found in the separate BNB chart. After rising above shorter moving averages around $586 and $575, BNB is currently trading close to $605. The RSI has increased to roughly 65, indicating growing momentum.
Nonetheless, the significant long-term moving average for BNB is still close to $646, which remains a crucial resistance level. As a result, the Binance-Hyperliquid divergence indicates the current concentration of aggressive Bitcoin order flow, but it does not necessarily indicate a bullish breakout signal.
The order-flow imbalance would become much more significant if Binance CVD keeps rising and Bitcoin eventually breaks through local resistance. Absorption becomes the more significant risk to monitor if Bitcoin stays stagnant despite ongoing purchases.
Robinhood has expanded its UK investing app into crypto, giving eligible customers access to more than 50 digital assets while adding an AI-powered tool to explain market moves.
UK customers can now buy and sell more than 50 cryptocurrencies, including Bitcoin, Ethereum, XRP and Hyperliquid, through Robinhood’s main app. The service operates through Bitstamp UK, the crypto exchange Robinhood acquired for $200 million last year.
The company said there are no trading, custody or account maintenance fees. Customers will instead pay a 0.1% foreign exchange fee when converting currencies, while some weekend conversions carry a 0.3% fee.
The rollout follows Robinhood’s registration with the Financial Conduct Authority (FCA) on July 31. Bitstamp UK is also FCA-registered. Crypto assets held through the service are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
Cortex brings AI into crypto tradingAlongside the trading launch, Robinhood is introducing Cortex Digests for Crypto. The generative AI feature reviews breaking news, market data, technical indicators and Robinhood’s own insights to explain what may be driving price movements.
The vision is to give users a simple market summary without making them dig through multiple sources.
Robinhood expands its crypto ecosystemThe company is also pushing its blockchain business through Robinhood Chain, a Layer 2 network built using Arbitrum technology. Robinhood said the network has recorded more than $18 billion in decentralized exchange trading volume and over $840 million in total value locked since its July 1 launch.
Developers, including those in the UK, can build applications on the network.
UK rules will tighten furtherRobinhood’s launch comes before the UK’s new crypto authorization regime. Applications are expected to open in September 2026, with the new framework scheduled to take effect in October 2027. Robinhood’s current FCA registration will not replace the authorization required under that future system.
The UK expansion also comes as Robinhood’s crypto transaction revenue fell 38% year over year to $100 million in Q2 2026. Still, total revenue rose 32% to $1.31 billion, while prediction-market revenue reached $156 million.
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Robinhood has marked a significant milestone in its onchain activity, reporting a surge in real-world asset (RWA) transfers and expanding its services to the United Kingdom. The company’s blockchain platform, known for supporting RWA transactions, has maintained notable user engagement and robust momentum.
RWA Transfer Volume Reaches New HeightsRecent data released by the Real-World Asset Foundation indicates that Robinhood’s RWA transfer volume soared to $1.65 billion. This figure reflects a remarkable increase of 3,201.20% over the past month, nearly doubling the previous record of $800 million recorded in late July.
Analysts attributed the sharp rise in volume to growing interest among users looking for new opportunities within the crypto and RWA sectors. The surge in activity demonstrates both the attractiveness of Robinhood’s new blockchain and the expansion of RWA services within the platform.
Compared to its earlier monthly total, Robinhood’s RWA transfer volume has now reached $1.65 billion, marking an explosive period of growth for the platform and highlighting the scale of adoption in recent weeks.
Observers suggest that the dramatic volume increase over a two-week timeframe points to unprecedented activity on Robinhood Chain, as users explore novel financial products and integrated asset classes.
UK Expansion Brings Wider Access to CryptoAlongside the onchain success, Robinhood recently announced the launch of its crypto trading services in the UK. The rollout utilizes Bitstamp’s infrastructure to extend commission-free trading options to users in the region.
Crypto traders in the UK now have access to Robinhood’s major tokens like Bitcoin, Ethereum, XRP, and Hyperliquid, as well as other listed cryptocurrencies. Additionally, users can take advantage of Robinhood’s stocks and shares ISAs, as well as equities, options, and futures products, all within a single platform.
This expansion signals Robinhood’s broader ambition to become a truly global provider of crypto services, blending digital asset functionality with traditional finance products.
With its expanded offerings, Robinhood enables seamless access to both traditional and digital assets for a growing number of international clients, supporting wider adoption in the crypto economy.
Against the backdrop of rising RWA volumes, the platform also demonstrates commitment to enhancing its global footprint and providing more flexible asset management solutions for users in different markets.
For investors monitoring key resistance levels or considering cross-sector diversification strategies, innovations like 1stepSwap have become increasingly relevant. 1stepSwap stands out as a practical solution bridging traditional finance and the crypto sector by bringing real-world assets such as shares of major U.S. companies and commodities like gold and silver directly onto the blockchain. The platform’s core advantage is its ability to secure the best market price at any given moment, allowing users to buy or sell leading stocks instantly and always at competitive rates—all managed straight from their wallet without unnecessary intermediaries or complex steps.
Market watchers continue to monitor the RWA ecosystem, with Robinhood at the forefront of developments that could shape the broader integration of real-world assets and digital tokens on a global scale.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A crypto whale has opened a $14.3 million leveraged long position on Monero (XMR) through the Hyperliquid trading platform, betting that the privacy-focused cryptocurrency will climb toward the $475–$516 range.
Blockchain analytics platform Lookonchain said a newly created wallet deposited 3.56 million USDC into Hyperliquid before opening a 4x long position on 36,000 XMR, worth approximately $14.33 million at the time of the transaction.
The whale has already set take-profit orders at prices ranging from $475 to $516, indicating that it expects further upside in XMR.
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Large traders use derivatives platforms to position for potentially significant price moves. The size of the position exposes the trader to amplified gains and losses because of the leverage involved.
Lookonchain did not identify the wallet owner.
Monero's big yearMonero has emerged as one of the strongest-performing privacy-focused cryptocurrencies in recent months. This is due to growing demand for privacy assets, major developments around its technology and so on.
Due to its privacy-focused capabilities, XMR remains the darling of cybercriminals. Last month, bad actors used XLM in a $120 million USDT laundering operation. Notably, the transactions coincided with a sharp rally in XMR. It climbed from $330 to $438 before Tether froze approximately $72 million linked to the activity.
Monero has also been gaining attention for technological developments. The implementation of FCMP++ is a major upgrade that is meant to strengthen Monero's privacy.
More recently, Monero was again linked to illicit fund flows after Coinsbuy wallets reportedly lost $7.9 million in a cross-chain attack affecting Tron and Ethereum.
Blockchain investigator Specter said the attacker had begun laundering the stolen assets into Monero through exchanges. ChangeNOW reportedly froze a six-figure amount of the stolen funds. Coinsbuy temporarily suspended deposits and withdrawals before restoring its services.
Despite its role in privacy and illicit-finance discussions, XMR remains a major crypto player. Cardano founder Charles Hoskinson said in May that there was no reason Cardano could not cooperate with Monero and Zcash.
PANews August 10 news, according to CoinDesk, trading activity on the Hyperliquid platform hit a record, but the platform's retained revenue has continued to decline. On July 13, its open interest broke through $11 billion, hitting a new high for the year; over the past 30 days, perpetual futures trading volume reached roughly $178 billion, accounting for about 9% of global perpetual futures OI. However, Hyperliquid's revenue has fallen for four consecutive quarters, from roughly $357 million in Q3 2025 to roughly $202 million in Q2 2026, a cumulative drop of about 43%. The revenue shortfall stems from a fee-sharing program that allocates half the platform's trading volume to external contract developers.
Since October 2025, the HIP-3 builder-deployed markets have allowed anyone staking 500,000 HYPE (roughly $28 million) to deploy their own perpetual futures market on Hyperliquid and retain up to half the trading fees. In early 2026, these builder markets accounted for only about 2% of volume, but that share has now risen to about half. Over the same period, Hyperliquid's cost of revenue as a share of total revenue also rose from under 6% in Q2 2025 to 18% a year later. The fastest-growing segment is RWA perpetuals. Contracts linked to crude oil, gold, Nvidia, Tesla, the Nasdaq 100, and private companies such as SpaceX saw open interest hit a record $3.6 billion this month, surpassing bitcoin to become the platform's largest market.
The numbers don’t line up the way they used to. Hyperliquid’s open interest has climbed to fresh highs, but the revenue that backs its HYPE token has dropped for four consecutive quarters. The culprit is a deliberate strategic choice: a fee-sharing program that shunts half the platform’s volume—and the fees that come with it—to outside builders. It is a tradeoff that worked for growth but is now thinning the direct income stream that market participants once took for granted.
According to the original report, the gap between surging activity and shrinking revenue traces back to a program that incentivizes third-party developers to route volume through the exchange. This approach has undoubtedly helped Hyperliquid lock in market share, especially in the increasingly crowded market for crypto perpetuals. But it has introduced a direct friction between volume metrics and the bottom line. The exchange’s own earnings—and by extension the value accrual mechanism for HYPE—are getting diluted at the very moment the platform looks busiest.
The rise of real-world asset perpetuals on Hyperliquid adds another layer. Traders have flocked to the synthetic exposure RWA perps offer, pushing open interest to records. But much of that volume now migrates through external integrations that claim their share of fees before any revenue touches the protocol’s treasury. The fee-sharing split is designed to be generous enough that builders prefer Hyperliquid over competing venues, but it means the platform’s own cut shrinks in real time. At a time when real-world asset tokenization is booming and attracting institutional capital, that tradeoff is especially visible.
Hyperliquid’s model is not an isolated case. Derivatives exchanges across DeFi have been wrestling with how to balance volume incentives against revenue that can be returned to token holders or used for protocol buybacks. Many platforms have chosen short-term volume sops that eventually force a reckoning. Hyperliquid is simply hitting that tension earlier than expected. The fee split doesn’t just lower current earnings; it also introduces uncertainty about what a normalized revenue level might look like if and when the incentives are dialed back. Market participants who value HYPE based on platform income are now trying to price that unknown.
A Structural Gap, Not a Cyclical One The decline in revenue isn’t a product of falling trading interest. It’s a direct consequence of the protocol’s architecture for attracting order flow. More volume doesn’t automatically translate into more protocol-level value when half of it is never captured in the first place. The open interest figures can create a misleading picture of platform health if they are read in isolation.
Revenue that once fed token burns, staking rewards, or buybacks is now being siphoned into an ecosystem of external developers. That ecosystem may strengthen the broader Hyperliquid network, but it doesn’t strengthen the token’s direct cash-flow story in the same way. This is similar to the kind of tension that has appeared on other fee-sharing exchanges, where the market eventually demands clarity on whether volume incentives are a temporary growth hack or a permanent feature.
What HYPE Holders Are Missing The expectation that platform revenue accrues to the token is a powerful narrative in DeFi, and it has been central to HYPE’s value proposition. When that link weakens, the fundamental story shifts. Traders and token holders who bought into HYPE partly on the thesis that rising volumes would boost its real yield now face a more complicated reality. The volume is there; the yield is not.
In decentralized perps markets, liquidity and composability often attract an initial wave of users, but sustained token demand depends on more than just headline metrics. If the fee-sharing program remains the default, HYPE’s economic model may need to be rethought. It’s not just about a few quarters of declining revenue—it’s about whether the current growth path can ever restore a direct line from user activity to token value without disrupting the developer incentives that got it there in the first place. As the uncertain regulatory outlook for decentralized derivatives platforms continues to complicate long-term planning, the margin to recalibrate economic models becomes narrower.
The RWA Perpetuals Wildcard Hyperliquid’s RWA perpetuals market is still nascent, but its speed of adoption has outpaced the platform’s ability to capture value from it. The flood of new users trading tokenized commodity and equity exposure has been a gift for growth, yet the beneficiary has been the broader funnel of builders rather than the protocol treasury. That could change if the fee-sharing terms are eventually adjusted, but any adjustment would need to be calibrated carefully to avoid pushing volume toward competitors who are ready to offer equally attractive splits.
What’s left is a question of market structure. Can a venue reliant on external developers to drive order flow ever capture enough native revenue to satisfy token holders who demand both growth and value capture? Hyperliquid’s four-quarter revenue slide suggests that the market isn’t sure. The coming quarters will test whether the protocol can shift its economic levers without losing the volume that made it a contender. For now, the gap between open interest and income is the one number that truly matters.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
Pumpfun, a Solana-based memecoin launchpad, has recently overtaken Hyperliquid in 30-day revenue, achieving the third-highest revenue among crypto protocols over the past 24 hours. Pumpfun’s revenue surge positions it behind only Tether and Circle, and just ahead of Hyperliquid, a perpetuals protocol known for its volatile revenue tied to derivatives activity. The developments highlight Pumpfun’s strong short-term performance, primarily driven by token launch and fees, while raising questions about Hyperliquid’s competitive position in the market.
Hyperliquid, traditionally a strong performer in crypto revenue rankings, has been surpassed by Pumpfun, indicating a shift in the competitive landscape. Hyperliquid’s revenue, which can fluctuate sharply with volume, appears less robust than Pumpfun’s recent earnings surge. This shift could influence market perceptions about Hyperliquid’s future performance and its ability to achieve price targets.
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The market for Hyperliquid’s price prediction by December 31, 2026, has seen a modest decline in confidence. The news of Pumpfun’s revenue achievement appears to have contributed to a reduction in Hyperliquid’s perceived competitiveness, with the odds of reaching a $100 target by the end of the year decreasing to 11.5% from 12% just 24 hours ago.
Key Takeaways Pumpfun’s revenue achievement appears to suggest a competitive shift in favor of newer, dynamic protocols. Hyperliquid’s market position may indicate vulnerabilities in sustaining its revenue dominance amid new competition. Market pricing suggests a decreased likelihood of Hyperliquid reaching its $100 price target by the end of 2026. What to Watch Watch for any strategic responses from Hyperliquid, such as changes in its fee structure or new partnerships, which could influence its competitive stance. Additionally, any sustained revenue performance from Pumpfun could further impact Hyperliquid’s market perception and pricing. Observers should also watch for broader market trends affecting derivatives volumes, which could alter Hyperliquid’s revenue dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 11.5% — — View market → January 1 2027 4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 29.5% — — View market → January 1 2027 10.4% — — View market → January 1 2027 3.4% — — View market →
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.
Industry analysts project that the cost of the iPhone 18 Pro will surge by nearly 40%, and Apple may adjust its gross margin strategy to ensure stable shipments.
According to TrendForce's latest mobile industry research, rising prices of components led by memory chips have pushed up the overall production cost of Apple's upcoming iPhone 18 series. The research firm estimates that the production cost of the 256GB iPhone 18 Pro in the third quarter will be roughly 38% higher than that of the same model launched in the same period in 2025. In 2027, as memory prices are projected to stay on an upward trajectory, the cost increase for the 256GB iPhone 18 Pro may expand further.
2 minutes ago
JPMorgan Chase: Still Bullish on Global Stock Markets, Cyclical Stocks to Lead the Rally
JPMorgan strategists remain bullish on global equities, expecting the rally to broaden in the second half of the year. As corporate earnings and economic activity metrics improve, cyclical stocks are poised to regain leadership and outperform low-volatility shares. The team led by Mislav Matejka wrote in a report that indices will hit new highs in the second half, adding that positioning is far from extreme and the Q2 earnings season has been reassuring. Within cyclical sectors, they focus on banks, luxury goods, construction materials, mining, industrials and cyclical consumer industries, while favoring emerging markets and the eurozone.
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Elliott Alexander, a member of the Ethereum Foundation, has joined BitPay after being laid off.
Former member of the Ethereum Foundation’s Developer Growth Team, Elliott Alexander, announced in a post that he was recently laid off by the Ethereum Foundation and has now joined crypto payment firm BitPay.
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Japan and South Korea's stock markets closed higher on Monday.
According to Bitget market data, the Nikkei 225 index closed up 1363.51 points, or 2.08%, at 66,970.22 on Monday, August 10. South Korea’s KOSPI index rose 0.65% to end at 6,299.66 on the same day; SK Hynix fell 0.14% while Samsung Electronics dropped 0.43%.
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The 'Big Short' Michael Burry No Longer Views Berkshire Hathaway as an Attractive Future Investment
The "Big Short" Michael Burry has stated that his biggest concern about Berkshire Hathaway was that when Warren Buffett eventually steps down, his successor would be too old and not Buffett himself, hence would lack the same patience to wait for the "best pitch". "I believe this concern has materialized," he said. "Looking ahead, I do not consider Berkshire an attractive investment anymore."
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Analysis: Stablecoin market cap has shrunk by nearly $15 billion since May, as liquidity continues to exit the crypto market.
CryptoQuant analyst Darkfost stated in a post that since May, the total market capitalization of stablecoins has shrunk by nearly $150 billion, falling from roughly $2.8 trillion to $2.66 trillion. He noted that from last October to this May, the total stablecoin market cap remained largely sideways, meaning either no new liquidity entered the crypto market during that period, or the scale of new liquidity was insufficient to drive further growth in stablecoin market capitalization. At present, even if Bitcoin (BTC) can stabilize, market demand has not recovered, and insufficient liquidity is limiting BTC from making another upward breakthrough. Meanwhile, the continuous decline in stablecoin market cap since May reflects not only a lack of new capital in the market, but more likely that existing liquidity is gradually exiting the crypto market. In this scenario, even if BTC temporarily stops its decline, it still faces pressure from insufficient capital demand.
Industry analysts project that the cost of the iPhone 18 Pro will surge by nearly 40%, and Apple may adjust its gross margin strategy to ensure stable shipments.
According to TrendForce's latest mobile industry research, rising prices of components led by memory chips have pushed up the overall production cost of Apple's upcoming iPhone 18 series. The research firm estimates that the production cost of the 256GB iPhone 18 Pro in the third quarter will be roughly 38% higher than that of the same model launched in the same period in 2025. In 2027, as memory prices are projected to stay on an upward trajectory, the cost increase for the 256GB iPhone 18 Pro may expand further.
2 minutes ago
JPMorgan Chase: Still Bullish on Global Stock Markets, Cyclical Stocks to Lead the Rally
JPMorgan strategists remain bullish on global equities, expecting the rally to broaden in the second half of the year. As corporate earnings and economic activity metrics improve, cyclical stocks are poised to regain leadership and outperform low-volatility shares. The team led by Mislav Matejka wrote in a report that indices will hit new highs in the second half, adding that positioning is far from extreme and the Q2 earnings season has been reassuring. Within cyclical sectors, they focus on banks, luxury goods, construction materials, mining, industrials and cyclical consumer industries, while favoring emerging markets and the eurozone.
2 minutes ago
Elliott Alexander, a member of the Ethereum Foundation, has joined BitPay after being laid off.
Former member of the Ethereum Foundation’s Developer Growth Team, Elliott Alexander, announced in a post that he was recently laid off by the Ethereum Foundation and has now joined crypto payment firm BitPay.
2 minutes ago
Japan and South Korea's stock markets closed higher on Monday.
According to Bitget market data, the Nikkei 225 index closed up 1363.51 points, or 2.08%, at 66,970.22 on Monday, August 10. South Korea’s KOSPI index rose 0.65% to end at 6,299.66 on the same day; SK Hynix fell 0.14% while Samsung Electronics dropped 0.43%.
2 minutes ago
The 'Big Short' Michael Burry No Longer Views Berkshire Hathaway as an Attractive Future Investment
The "Big Short" Michael Burry has stated that his biggest concern about Berkshire Hathaway was that when Warren Buffett eventually steps down, his successor would be too old and not Buffett himself, hence would lack the same patience to wait for the "best pitch". "I believe this concern has materialized," he said. "Looking ahead, I do not consider Berkshire an attractive investment anymore."
2 minutes ago
Analysis: Stablecoin market cap has shrunk by nearly $15 billion since May, as liquidity continues to exit the crypto market.
CryptoQuant analyst Darkfost stated in a post that since May, the total market capitalization of stablecoins has shrunk by nearly $150 billion, falling from roughly $2.8 trillion to $2.66 trillion. He noted that from last October to this May, the total stablecoin market cap remained largely sideways, meaning either no new liquidity entered the crypto market during that period, or the scale of new liquidity was insufficient to drive further growth in stablecoin market capitalization. At present, even if Bitcoin (BTC) can stabilize, market demand has not recovered, and insufficient liquidity is limiting BTC from making another upward breakthrough. Meanwhile, the continuous decline in stablecoin market cap since May reflects not only a lack of new capital in the market, but more likely that existing liquidity is gradually exiting the crypto market. In this scenario, even if BTC temporarily stops its decline, it still faces pressure from insufficient capital demand.
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.
Despite a significant spike in volatility in late July, Shiba Inu is still trading within a dominant downtrend. As of right now, SHIB is trading close to $0.00000462; a convincing structural reversal has not been established despite the recent rebound. The rejection around $0.00000500 is the biggest issue.
Shiba Inu's burst of buying supportAt the end of July, SHIB momentarily burst above this region, reaching about $0.0000058, but buyers were unable to sustain the breakout.
A significant portion of the move was erased by the subsequent retracement, which brought SHIB back below its longer-term moving average at $0.00000497. The price has some short-term support below it. There is a comparatively small technical support zone around $0.00000446-$0.00000464, where the faster moving averages are concentrated.
HOT Stories
SHIB/USDT Chart by TradingViewAnother attempt at recovery would be feasible if it remained above $0.00000445. On the other hand, a breakdown would reveal the July consolidation around $0. 00000410-$0. 00000420. The momentum is not very weak. After cooling from the late-July spike, the daily RSI is now close to 56. As a result, SHIB is in neutral to positive territory and is not getting close to being overbought.
Participation is the issue: volume increased significantly during the first breakout but has since decreased. $0.00000500 must become support rather than resistance if SHIB is to significantly strengthen its structure. Reopening $0. 0000055 and eventually the 200-day moving average close to $0. 00000588 could result from a sustained move through that level.
Until then, SHIB is still torn between a much weaker long-term trend and improving short-term momentum. Buyers are still able to make aggressive moves, but they haven't yet proven they can hold them, as the late July rally demonstrated.
Solana's stabilization attemptsAfter months of intense selling pressure, Solana is making an effort to stabilize, but buyers still face a substantial technical obstacle on the daily chart. SOL is currently trading at $76. 46 after rising from the low of $62-$63 in June.
$78 to $79 is the current battleground. Since July, SOL has frequently struggled in the vicinity of $78. 54, which is the location of the longer intermediate moving average. The asset would finally start to break away from the cluster of shorter-term averages if there was a daily breakout above it.
SOL/USDT Chart by TradingViewThe faster averages of $74.83 and $75.38 are already exceeded by SOL. This provides the present recovery with a technical basis.
While its signal line is still at about 45.9, RSI has also increased to about 55. 6. As a result, momentum slightly favors buyers, but there is no extreme reading indicating that a significant breakout has already begun.
There are still issues with the broader trend. SOL's 200-day moving average, which is significantly above the market price, is still falling close to $90. 40. Therefore, rather than confirming a new significant uptrend, even a breakout above $79 would initially indicate an improvement in the medium-term structure.
The next significant region is between $84 and $86, where SOL spent a significant amount of time consolidating earlier this year, if buyers clear $79. $90-$91 becomes the main test after that. The current setup would be weakened if the $74-$75 moving-average cluster were to disappear, which could push SOL closer to $70.
Hyperliquid gains more tractionFollowing its correction from the June-July highs, hyperliquid is getting close to a critical point. At $54.54, HYPE is currently trading between multiple layers of resistance and significant long-term support.
There has been a significant adjustment. In early August, HYPE lost its bullish sequence and fell toward $52 after repeatedly hitting the $72-$76 range. Two moving averages are currently concentrated around $56-$57, where the most recent bounce has faltered. The first significant barrier for buyers is these levels, which are close to $56.73 and $57.30.
HYPE/USDT Chart by TradingViewMore significantly, HYPE is still below the blue moving average at $61.58. Therefore, recovering $57 would enhance the setup right away, but a move above $61-$62 would offer much more convincing proof that the correction is coming to an end.
The 200-day moving average at $50.69 is currently a key component of the bullish argument. It hasn't been broken and is still rising. As a result, the overall structure is much healthier than what the short-term price action indicates. HYPE can still view the current drop as a significant correction within its larger recovery as long as $50-$51 endures.
RSI is below the neutral 50 threshold at about 42. 5. In comparison to the explosive activity that accompanied the May-June rally, trading volume has also drastically decreased. The technical picture would rapidly worsen if HYPE lost $50, possibly exposing $46-$48.
On the other hand, recovering $57 and then $61. 50 would allow bulls to aim for $65–$67. Although HYPE is still technically vulnerable for the time being, the chart cannot become clearly bearish due to the rising 200-day support.
Binance Coin's unexpected riseWith BNB rising to about $603.92 and trying to break through a significant moving-average barrier, Binance Coin is generating one of its more profitable short-term setups in recent months. Particularly significant is the $602-$604 range. After spending the majority of June and July below its orange moving average, BNB has now reached it at roughly $602.20.
A verified daily close above this range might indicate a significant change in medium-term momentum. Around $584.41 and $575.11, BNB is trading comfortably above moving averages. Since the July low, price action has printed a series of higher lows.
BNB/USDT Chart by TradingViewThe current move has progressed gradually rather than through a single unsustainable spike, in contrast to a number of earlier attempts at recovery. Momentum supports that progress.
The daily RSI has risen to roughly 64.4 and is still above its signal line at 56.1. BNB is now firmly in bullish territory, but it hasn't yet crossed the traditional overbought threshold, which is around 70.
The general downward trend hasn't gone away, though. The 200-day moving average is still sloping downward and is significantly higher at about $646. 66. That level is the most noticeable technical barrier.
Buyers would still need to get past about $620 and then $645-$650 before the larger structure could become convincingly bullish, even if BNB established itself above $602. The first significant support on the downside is $584.
A move below $575 would seriously threaten the current recovery structure, while losing it would weaken the breakout attempt. As a result, BNB is gaining momentum and making a legitimate breakout attempt; however, $602 needs to be confirmed. Above it, the much more significant $645-$650 resistance zone is open to market challenge.
Cryptocurrency markets are witnessing a wave of activity as digital assets including Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE), and Binance Coin (BNB) test major technical barriers. Driven by heightened volatility, these assets are attempting to sustain recent gains, but are still contending with persistent selling pressure and shifting momentum.
Shiba Inu struggles below key levelSHIB experienced a surge in activity at the end of July, briefly reaching $0.0000058 before failing to hold above $0.0000050. The token retraced to $0.00000462, remaining firmly in a longer-term downtrend. Analysts note that SHIB’s current price hovers close to its shorter-term moving averages, with a support zone between $0.00000446 and $0.00000464. A further drop could expose the asset to its July consolidation area near $0.00000410 to $0.00000420.
Trading metrics show SHIB’s daily RSI at approximately 56, positioning the token in neutral to slightly bullish territory. However, volumes have tapered off since the July breakout, and structural resistance at $0.0000050 continues to loom large.
SHIB must flip $0.0000050 from resistance to support in order to build a firmer bullish structure. A sustained move above this level could unlock targets around $0.0000055 and the 200-day moving average at $0.00000588.
Until buyers establish a convincing reversal, SHIB appears as a battleground token, caught between weak long-term price action and sporadic bursts of buying support.
Solana seeks to confirm recoveryAfter enduring months of pressure, Solana is now trading at $76.46, rebounding from June lows near $62. While short-term momentum has marginally improved, the $78 to $79 zone remains a formidable challenge, marked by intermediate-term moving averages that have capped rallies since July.
Should SOL break out above $79, it could signal medium-term improvement and a push toward the important $84 to $86 consolidation range seen earlier this year. Key support levels include the cluster of moving averages between $74 and $75; loss of this support risks a return toward $70. Meanwhile, the token’s daily RSI stands at about 55.6, supporting a slightly positive bias for buyers.
Momentum slightly favors buyers, but there is no decisive signal for a major breakout unless the asset can close above established resistance levels around $79.
Even with some positive technical movement, Solana continues to face a declining 200-day moving average near $90.40, keeping longer-term sentiment cautious.
Hyperliquid tests pivotal supportsFollowing its decline from the June-July highs, Hyperliquid (HYPE) finds itself trading at $54.54, pressing against both resistance and strong historical support. The asset dropped sharply from its bullish structure after stalling multiple times between $72 and $76, with resistance now concentrated around $56.73 and $57.30.
A move above $57 would improve the short-term outlook, but a climb through the blue moving average at $61.58 is seen as vital for a more convincing recovery. The rising 200-day moving average at $50.69 has so far held, underlining a healthier long-term technical structure compared to the current price weakness.
RSI is subdued at 42.5, and volume has dropped significantly since earlier rallies. Losing $50 could bring $46 to $48 into play, while a recovery to $61.50 could position HYPE to challenge higher resistance at $65–$67.
As traders monitor the asset for signs of a reversal, alternative options for portfolio management have begun attracting interest. Platforms such as 1stepSwap are now making it possible for investors to diversify with real-world assets, including shares of leading US companies and commodities like gold and silver, directly from their crypto wallets. Notably, 1stepSwap’s technology enables users to always access the best available market price when trading these assets, allowing for swift and straightforward transactions across both traditional finance and blockchain sectors.
Binance Coin eyes major breakoutBinance Coin is attempting to solidify its recent rise, trading near $603.92 and challenging a critical resistance zone between $602 and $604. This area is marked by an important moving average, and a daily close above it could indicate a fundamental shift in medium-term momentum.
BNB’s trend has improved since the July lows, with higher lows forming and the asset holding above key moving averages at $584.41 and $575.11. Its daily RSI has climbed to about 64.4, signaling firm bullish momentum without yet reaching the overbought zone.
Despite these developments, BNB still faces a downward sloping 200-day moving average at approximately $646.66. Buyers must break through $620 and then tackle the $645 to $650 resistance band to reestablish a long-term uptrend. On the downside, $584 and $575 act as first-line support levels; a break below $575 could undermine the current rally.
In summary, while BNB’s momentum strengthens and buyers attempt a breakout, confirmation above immediate resistance zones remains essential for a sustained shift in market structure.
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.
Hyperliquid has never traded more contracts, and it has never kept a smaller share of the money those contracts earn
Open interest, the total value of leveraged positions traders hold at one time, climbed to just above $11 billion on July 13, the platform's highest in 2026. Hyperliquid’s perpetual futures volume over the past 30 days ran to nearly $178 billion. Hyperliquid now settles roughly 9% of all open perp positions worldwide, centralized exchanges included, up from under 7% in late May.
But the platform’s revenue has gone the other way. Gross protocol revenue peaked at roughly $357 million in the third quarter of 2025 and has fallen every quarter since, to nearly $295 million, then roughly $217 million, then about $202 million in the second quarter of 2026, DefiLlama data shows. That is a 43% drop from the top, booked while the trade count climbed.
Hyperliquid Improvement Proposal (HIP-3) helps explain why Hyperliquid is keeping less of the activity it attracts. Since October 2025, anyone who stakes 500,000 HYPE, worth about $28 million at current prices, can deploy their own perpetual futures market on Hyperliquid's order books and keep up to half the trading fees.
At the start of 2026 these builder-deployed markets were about 2% of Hyperliquid's perp volume. They are now roughly half of it.
The pass-through shows up in the accounts. Cost of revenue, the portion of fees Hyperliquid hands straight back to builders, market makers and its own liquidity vault, was under 6% of gross revenue in the second quarter of 2025. A year later it was 18%.
Builder code fees, which front-ends like Phantom charge on top for routing an order, arrived at roughly $16 million of revenue in the second quarter and left as roughly $16 million of cost in the same quarter. Every dollar of it passes through.
Traders keep showing up because of what those builder markets list. Real-world asset perps, contracts on things like crude oil, gold, Nvidia, Tesla, a Nasdaq-100 tracker and pre-IPO names like SpaceX, hit a record $3.6 billion in open interest this month and overtook bitcoin as the platform's largest market by that measure.
Between July 13 and July 19, tokenized stocks and commodities did $25 billion in volume, 52% of the weekly total, outpacing crypto perps for the first time. The contracts settle in stablecoins, never expire, and trade through the weekend when the New York Stock Exchange is shut. A product such as leveraged Nvidia exposure, at 2 a.m. on a Sunday, has few other homes.
That growth sits largely on one set of shoulders. Trade.xyz accounts for more than 90% of all HIP-3 open interest, which means Hyperliquid's record numbers depend on a single deployer's oracle choices, margin settings and risk management.
The risk in that arrangement showed earlier this week on Monday, when a single trade on a thin Korean pre-market venue dropped Trade.xyz's SK Hynix contract 19% and triggered liquidations the firm has since agreed to reimburse.
Hyperliquid routes about 97% of trading fees into its Assistance Fund, which buys the token on the open market and retires it, taking roughly 44.5 million HYPE out of the total supply so far. The buyback is a fixed share of earnings, so it contracts when earnings contract. The fund bought nearly $290 million of HYPE in the third quarter of 2025. In the second quarter of 2026 it bought roughly $149 million, close to half as much.
HYPE traded near $55 on Friday, down 5% on the week and roughly 28% below the June 16 record near $77, CoinDesk data show. Annualized earnings of about $785 million put the token at roughly 16 times its circulating market value and about 70 times fully diluted.
Institutional holders including Multicoin Capital and Bitwise have moved sizeable amounts of HYPE to exchanges over the past month.
The ecosystem around it is thinner than a top-15 ranking suggests. Of the 48 tokens CoinGecko tracks in the Hyperliquid category, HYPE accounts for almost all of the value. The next two, Ethena's USDe at about $4.5 billion and USDT0 at roughly $4 billion, are stablecoins issued elsewhere and bridged in. The largest natively built token is PURR at about $53 million, under half a percent of HYPE. The market still values HYPE largely on Hyperliquid’s exchange economics rather than a broad base of native applications.
Supply and regulators press from the other side. Nearly 10 million HYPE unlocked to core contributors on Aug. 6, about $550 million at current prices, one of a monthly series running through 2027 against a circulating supply of only 222 million.
Spot HYPE ETFs posted their first weekly outflow in the week to July 17, roughly $7 million, ending a nine-week inflow run. Singapore's MAS added the platform to its investor alert list in late June, following earlier U.K. warnings, and CME and ICE executives have pushed the CFTC to review its commodity perps.
Meanwhile, competition has arrived from an unexpected direction. Robinhood Chain, the brokerage's month-old network, has been clearing more than $600 million in daily decentralized-exchange volume on memecoin trading, and by some measures now draws more daily speculative activity than Hyperliquid does.
None of which is the same as saying the business is failing. ARK research put Hyperliquid and Pump.fun together at 67% of all crypto application revenue as of July 31, and Grayscale has compared the platform to Amazon Web Services, a place where outside developers build the products while the operator takes a cut of everything traded.
That comparison contains the problem. Hyperliquid booked roughly $45 million in gross revenue through the first four weeks of the third quarter. Hold that pace and the quarter lands near $150 million, a fourth straight decline, and the bid under HYPE thins with it.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
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.
Hyperliquid has crossed 263,419 active perpetual futures traders, a number that would have been unthinkable for a decentralized exchange just two years ago. The platform now accounts for up to 69% of all on-chain perpetual daily active users.
Perpetual futures are the single most traded instrument in crypto. They let traders bet on price movements with leverage and no expiration date.
The numbers behind the dominance Open interest on Hyperliquid sits between $8.97B and $10.55B. Monthly active traders have topped 274,000 in recent snapshots, suggesting the 263,419 figure represents a consistent baseline rather than a spike.
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The platform offers more than 300 perpetual and spot markets spanning crypto, commodities, and indices. Traders can access synthetic exposure to traditional assets around the clock, something legacy markets still can’t offer without significant infrastructure.
Hyperliquid runs on its own Layer-1 blockchain, using a custom consensus mechanism called HyperBFT. Everything happens on-chain and non-custodially, which means traders hold their own keys throughout the process.
From quant desk to crypto infrastructure The platform was founded in 2023 by Jeff Yan, who previously worked as a quantitative trader at Hudson River Trading, one of Wall Street’s most prominent high-frequency trading firms. That pedigree shows up in Hyperliquid’s design philosophy: capital efficiency, low latency, and the kind of order book mechanics that institutional traders expect.
The HYPE token launched through a community airdrop in 2024, a distribution method that avoided the typical venture capital unlock schedule that tends to create persistent sell pressure. The token powers governance, staking, and fee mechanisms across the ecosystem.
Why perpetual futures keep eating crypto Hyperliquid’s rise has coincided with increased regulatory scrutiny of offshore centralized platforms. As governments tighten rules around entities like Binance and OKX, traders who want fewer counterparty risks and more transparent execution have gravitated toward decentralized alternatives.
Traders can get exposure to commodities or equity indices at 3 AM on a Sunday through Hyperliquid’s support for tokenized or synthetic perpetuals on traditional assets. This 24/7 availability, combined with high leverage options, makes Hyperliquid particularly attractive to active traders.
Hyperliquid’s decision to build a dedicated Layer-1 rather than deploy on an existing chain has given it performance advantages that application-layer protocols struggle to match. Protocols like dYdX and GMX continue to iterate on their own perpetual products against this backdrop.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A memecoin factory just out-earned one of crypto’s most hyped derivatives exchanges. Pump.fun, the Solana-based token launchpad that lets anyone spin up a memecoin in seconds, posted $33.73 million in 30-day revenue, according to DeFiLlama data, surpassing Hyperliquid’s $32.73 million over the same period.
The $PUMP token responded accordingly, climbing roughly 12% to trade near $0.0027 with a market capitalization of approximately $1.055 billion.
The numbers behind the flip Pump.fun’s total fees over the 30-day window reached $84.35 million, while Hyperliquid collected $47.14 million in fees during the same stretch. The gap between fees and revenue for each protocol reflects their different economic models. Pump.fun converts a larger share of its fee intake into protocol revenue, while Hyperliquid distributes more of its fees back to liquidity providers and stakers.
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The TVL comparison tells a different story entirely. Hyperliquid sits on $6.041 billion in total value locked across its Layer 1 and Arbitrum deployments. Pump.fun holds $251.4 million, almost entirely on Solana. That means Pump.fun is generating more revenue per dollar locked by a factor of roughly 24x.
Historical data shows multiple instances where Pump.fun has outpaced Hyperliquid on daily and weekly revenue metrics. The monthly flip just makes the pattern harder to dismiss as noise.
How Pump.fun built its revenue engine Pump.fun launched in early 2024 and quickly became the go-to platform for memecoin creation on Solana. Its bonding-curve mechanism lets anyone deploy a token with built-in liquidity, no coding required. The platform’s cumulative lifetime revenue has reached $1.231 billion.
For comparison, Hyperliquid’s cumulative lifetime revenue sits at $1.188 billion. The memecoin launchpad has now surpassed the derivatives exchange on both trailing 30-day and all-time revenue metrics.
What this means for the competitive landscape The contrasting fee structures deserve attention from anyone allocating capital between these ecosystems. Pump.fun’s higher fee-to-revenue conversion rate means more value accrues directly to the protocol and, by extension, to token holders. Hyperliquid’s model redistributes more value to participants, which makes it stickier for power users but less immediately profitable as a protocol investment.
A protocol generating over $33 million in monthly revenue against a $1 billion market cap gives $PUMP a price-to-revenue multiple that looks attractive compared to many DeFi tokens trading at far higher valuations on thinner revenue streams.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Fomo, the social trading app built on Solana, posted higher 24-hour revenue than Hyperliquid according to DefiLlama data. For a platform that only launched perpetual futures trading in June 2026, overtaking a protocol that crossed $1B in cumulative revenue by midyear is the kind of flex that turns heads.
To be clear, this isn’t a case of Fomo suddenly becoming larger than Hyperliquid. Hyperliquid has recorded single-day revenues as high as $6.84M during peak periods and regularly posts daily figures in the millions. But Fomo’s ability to even momentarily match or exceed that output, with recent 24-hour revenue fluctuating between $150K and $400K and peaking near $399K, tells an interesting story about where DeFi user attention is flowing.
How a social trading app competes with a perps giant Fomo is a self-custodial, gasless token swap app wrapped in a social layer, complete with feeds, leaderboards, and copy trading. The platform earns most of its revenue from transaction fees on Solana token swaps. In June 2026, Fomo added perpetual futures trading through partnerships with Hyperliquid and Trade.xyz. Those integrations let non-US users trade crypto, equities, pre-IPO stocks, indices, and commodities without leaving the app.
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The perps integration contributes a relatively modest slice of total revenue. Builder fees from Hyperliquid futures accounted for roughly $39K out of a recent $2.64M weekly haul. The real money machine remains Solana swaps, driven by raw transaction demand from a growing user base.
Fomo’s weekly revenue hit an all-time high of $2.64M for the week ending August 8, 2026. That figure placed it in the same conversation as established Solana heavyweights like Jupiter and Phantom, both of which Fomo has occasionally surpassed in weekly revenue during the summer.
The numbers behind the noise Fomo closed a $75M Series B funding round in June 2026, landing a $550M valuation. There’s no native governance token and no inflationary tokenomics propping up the numbers. Revenue comes directly from users making trades.
By June 2026, Fomo had attracted over 625,000 users and reported cumulative trading volumes north of $4B. For context, Hyperliquid crossed $1B in cumulative revenue by June 30, 2026. Hyperliquid’s daily revenues regularly exceed $3M.
For Hyperliquid, the dynamic creates an unusual relationship. Fomo is simultaneously a competitor in the revenue rankings and a customer that routes order flow through Hyperliquid’s infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor Releases Bitcoin Tracker Information Again
Strategy founder Michael Saylor has once again shared updates related to Bitcoin Tracker, with the caption "Doing Business." Per historical patterns, Strategy usually discloses its Bitcoin purchase news the day after such posts. However, the firm has not increased its Bitcoin holdings recently; instead, it sold 1,637 BTC last week, bringing its total holdings down to 842,138 BTC.
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Elon Musk: Starlink could eventually carry more than 50% of global internet traffic, with annual revenue potentially exceeding $1 trillion.
Silicon Valley investor and co-host of *The All-In Podcast*, David Friedberg, said Starlink alone could generate roughly $40 billion in annual revenue, with most of that converting to free cash flow—potentially hitting $30 billion in free cash flow within a year—and Starlink’s market value could reach $1 trillion in 18 months. Elon Musk responded that Starlink’s potential is “far more than that.” As AI and robotics advance, bandwidth demand will surge, with their data transmission needs being orders of magnitude higher than humans’. Even if the communications market only doubles in size, Musk forecasts Starlink will capture at least 25% of the market outside China, corresponding to annual revenue exceeding $500 billion. Long-term, Starlink could carry over 50% of global internet traffic, with annual revenue potentially surpassing $1 trillion, and no obvious barriers to achieving this have been identified so far.
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Crypto influencer Ansem is pumping PUMP: The token is projected to hit a new all-time high and could rank among the top 10 cryptocurrencies by market capitalization within two years.
Crypto KOL Ansem recently posted that PUMP’s price was $0.001675 when he first wrote about it, and stood at $0.002544 as of his latest update. He forecasts that PUMP will return to its all-time high and rally further. Ansem’s investment thesis is that PUMP ranks among the three most profitable projects in the crypto industry, holding $2 billion in cash. Due to market bias against tokenization, its circulating market cap is around $1 billion, translating to a price-to-earnings ratio below 2.8x. Meanwhile, rising on-chain activity will benefit PUMP. He notes that if tokens issued on its platform deliver leading returns to retail investors in the next cycle, the adoption of its mobile app will provide an additional boost. Ansem projects that PUMP will enter the top 10 by crypto market capitalization within two years.
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The probability that Bitcoin will rise to $70,000 this month is 31%.
Prediction market platform Polymarket currently assigns a 31% probability to Bitcoin hitting $70,000 in August. Additionally, the platform puts a 6% chance on Bitcoin reaching $75,000, and a 30% probability of it falling to $60,000.
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US and South Korean Stock Price Previews for Monday: Samsung Projected to Open Up Over 2%, US Stocks to Edge Slightly Higher in Pre-Market Trading
During the weekend closure of traditional financial markets, "On-Chain Nasdaq" Trade.xyz uses perpetual contracts to enable continuous trading and real-time price discovery that traditional finance cannot achieve, pricing in the trends of Monday’s U.S. and South Korean stock markets in advance. Most of Trade.xyz’s popular U.S. stock assets trade above their Friday after-hours levels: SpaceX is priced at $135.90, up 1.34% from Friday’s after-hours price of $134.096; Marvell Technology at $220.97, up 1.03% from $218.7; Google at $357.57, up 0.8% from $354.7; Nvidia at $224.59, up 0.35% from $223.8; Intel at $101.93, up 0.24% from $101.68; Micron at $880.58, up 0.07% from $880.00; SanDisk at $1,219.05, down 0.08% from $1,219.98. Current price levels suggest U.S. stocks may see overall strong pre-market volatility on Monday. Popular South Korean stock perpetual contracts also rose: Samsung Electronics is at $167.62, up 2.3% from Friday’s closing reference price of $163.91; SK Hynix is at $1,019.25, up 0.8% from $1,009.
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WSJ: HP and Acer have used ChangXin Memory Technologies chips in devices sold outside the U.S., and are seeking to lock in more supplies for next year.
According to The Wall Street Journal, Apple is testing storage chips from Changxin Memory Technologies (CXMT) across multiple product lines including iPhones and MacBooks, and has entered preliminary supply negotiations with the Chinese chipmaker, aiming to use the chips in some devices sold in China. Sources familiar with the matter said Apple seeks the White House’s approval for the collaboration. Against the backdrop of the AI boom driving tight storage chip supplies and rising costs, Apple has been raising product prices globally; securing a supply source in China could help ease shortages. Current U.S. regulations prohibit companies from transferring technology to CXMT, including sharing technical details and product specifications, so Apple cannot actually order custom chips from the firm, though it can purchase standardized products and negotiate prices. Even if complying with the rules, Apple may still seek support from the Trump administration due to political considerations. Using standardized chips could also force Apple to redesign some products. CXMT’s production capacity is nearly at full load this year, leaving limited room for new international clients. HP and Acer have already used small quantities of CXMT chips in devices sold outside the U.S., and are looking to lock in more supplies next year. Some of CXMT’s product prices are on par with Micron, SK Hynix, and Samsung, while certain items are even higher. The company’s second-quarter revenue surged over 8-fold year-over-year, holding a 7% share of the global DRAM market by revenue, and plans to expand its production capacity to more than double current levels by 2028.
Hyperliquid’in yerel tokeni HYPE, son 24 saatte yüzde 2,12 değer kaybederek 55,79 dolar seviyesinde işlem görse de, ağdaki güçlü büyüme verileri ve kurumsal ilginin devam etmesi yatırımcıların dikkatini çekiyor. Temmuz ayında 75 doların üzerine çıkarak tarihi zirvesini gören HYPE, bu seviyelerin altında işlem görmeye devam ederken hem teknik göstergeler hem de ikinci çeyrek performansı olası bir toparlanma ihtimalini gündeme taşıyor.
Teknik göstergeler toparlanma ihtimalini destekliyor Günlük grafik incelendiğinde HYPE’nin uzun süredir devam eden satış baskısının ardından 57,5 dolar seviyesindeki önemli direnci yeniden test ettiği görülüyor. Fiyat henüz güçlü bir kırılım gerçekleştiremese de alıcıların mevcut bölgeyi koruması, daha sert geri çekilmelerin önüne geçiyor. MACD histogramının yeniden pozitif bölgeye geçmesi satış momentumunun zayıfladığına işaret ediyor. Bununla birlikte MACD çizgisinin halen sinyal çizgisinin altında bulunması nedeniyle yükseliş trendinin kesin olarak teyit edildiğini söylemek için erken olduğu belirtiliyor. Analistlere göre 57,5 dolar seviyesinin üzerinde kalıcılık sağlanması halinde 68 dolar bölgesi bir sonraki önemli direnç olarak öne çıkabilir.
İlginizi Çekebilir: Bu İki Altcoin’de Dev Borsa Çıkışları Var: Ralli Sinyali mi?
Hyperliquid ekosistemi ikinci çeyrekte güçlü operasyonel büyüme sergiledi. Wu Blockchain’in paylaştığı verilere göre platformun toplam işlem hacmi 213 milyar dolara ulaştı. Özellikle HIP 3 tabanlı gerçek dünya varlığı (RWA) sürekli vadeli işlem sözleşmelerinin payı yalnızca iki çeyrek içerisinde yüzde 1,8’den yüzde 32,2’ye yükseldi. Bu artış, yatırımcıların RWA tabanlı ürünlere olan ilgisinin hızla arttığını ve Hyperliquid’in bu alanda önemli bir konum elde ettiğini gösteriyor. Platform aynı dönemde yaklaşık 169 milyon dolar gelir elde ederken bunun yaklaşık 141 milyon dolarlık kısmını HYPE geri alımlarına ayırdı. Böylece protokolün bugüne kadar elde ettiği toplam gelir 1 milyar dolar seviyesini aşmış oldu.
Kurumsal yatırımcı ilgisi devam ediyor İkinci çeyrek boyunca piyasaya sürülen üç farklı HYPE ETF’si, Hyperliquid’e yönelik kurumsal ilgiyi destekleyen önemli gelişmeler arasında yer aldı. Bu ürünler sayesinde geleneksel yatırımcıların HYPE’a daha kolay erişebilmesi sağlanırken, kurumsal sermayenin ekosisteme girişinin de hız kazandığı görülüyor. Açıklanan verilere göre kurumsal fonlar ve bağlantılı hazine hesapları, HYPE toplam arzının yaklaşık yüzde 7,7’sini elinde bulunduruyor. Bu oran, kısa vadeli fiyat dalgalanmalarına rağmen büyük yatırımcıların projeye olan güvenini koruduğunu ve uzun vadeli pozisyon almaya devam ettiğini gösteriyor.
Öte yandan türev piyasalardaki hareketlilik de dikkat çekiyor. CoinGlass verilerinde açık pozisyonların yüksek seviyelerini koruması, yatırımcıların piyasadan tamamen çekilmek yerine pozisyonlarını taşımayı sürdürdüğüne işaret ediyor. Aynı zamanda DeFiLlama tarafından paylaşılan ağ aktivitesi verileri, Hyperliquid üzerindeki işlem hacmi ve kullanıcı faaliyetlerinin güçlü kalmaya devam ettiğini ortaya koyuyor. Tüm bu göstergeler birlikte değerlendirildiğinde, fiyat tarafındaki zayıf görünüme rağmen ekosisteme yönelik ilginin sürdüğü ve kurumsal katılımın Hyperliquid’in uzun vadeli büyüme beklentilerini desteklemeyi sürdürdüğü görülüyor.
57,5 dolar seviyesi kritik önem taşıyor Teknik görünüm ile temel veriler şu an için farklı sinyaller üretmeye devam ediyor. Ağ tarafındaki büyüme, artan işlem hacmi, RWA ürünlerinin yükselişi ve kurumsal yatırımcı ilgisi Hyperliquid ekosisteminin güç kazandığını gösterirken fiyat tarafında henüz güçlü bir yükseliş trendi oluşmuş değil. Bu nedenle piyasaların odağında 57,5 dolar seviyesi bulunuyor. Analistlere göre HYPE’nin bu direnci aşarak üzerinde kalıcılık sağlaması, yatırımcı güvenini artırabilir ve fiyatın yeniden 68 dolar bölgesine doğru hareket etmesinin önünü açabilir.
Son dakika kripto para haberleri için hemen tıkla
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Kripto para piyasasında türev işlemleri Temmuz ayında belirgin biçimde yavaşladı. Perpetual vadeli işlem hacmi 4 trilyon dolara gerileyerek Aralık 2023’ten bu yana en düşük seviyesini gördü. Böylece sektörde son 31 ayın en zayıf işlem aktivitesi kaydedildi.
Merkezi borsalar arasında Binance 1,4 trilyon dolarlık aylık hacimle liderliğini korudu. OKX 607 milyar dolar, Bybit ise 300 milyar dolarlık hacimle Binance’i takip etti. Nisan-Haziran dönemindeki kısmi toparlanma ise Temmuz ayında yerini yeniden düşüşe bıraktı.
Kripto Türev İşlemlerindeki Düşüş Ne Anlama Geliyor? Temmuz verileri, kripto para piyasası genelinde işlem iştahının zayıfladığını gösteriyor. Ana merkezi platformların büyük bölümünde perpetual vadeli işlem hacmi gerilerken toplam hacim 4 trilyon dolar seviyesinde kaldı.
Bu düşüş, yatırımcıların kaldıraçlı işlemlerde daha temkinli davrandığını ve kısa vadeli işlem aktivitesinin azaldığını gösteren önemli bir sinyal olarak öne çıkıyor. Nisan ile Haziran arasındaki toparlanmanın ardından gelen bu gerileme, piyasa momentumunun sürdürülemediğine işaret ediyor.
Spot taraftaki gelişmeler de bu tabloyu destekliyor. Günlük spot işlem hacmi 1-31 Temmuz arasında yüzde 23,6 azalarak 17,8 milyar dolardan 13,6 milyar dolara düştü.
DEX Hacmi Neden Gerilemeye Devam Ediyor? Merkeziyetsiz borsalar da Temmuz ayında benzer bir baskıyla karşılaştı. DEX’lerdeki perpetual işlem hacmi 531 milyar dolara gerileyerek Haziran 2025’ten bu yana en düşük seviyesine indi.
Haziran 2026’da 676 milyar dolar olan bu hacim, bir ay içerisinde yaklaşık yüzde 21 küçüldü. Üstelik DEX perpetual hacmi, Ekim 2025’te kaydedilen 1,36 trilyon dolarlık zirvenin ardından uzun süredir aşağı yönlü hareket ediyor.
Bu durum, dijital varlık ekosisteminde yalnızca merkezi platformların değil, merkeziyetsiz türev piyasalarının da işlem aktivitesi açısından zorlandığını ortaya koyuyor.
Kripto Açık Pozisyonlardaki Düşüş Neyi Gösteriyor? Piyasadaki zayıflık açık pozisyon verilerine de yansıdı. Merkeziyetsiz türev platformlarındaki toplam açık pozisyon Temmuz ayında 17,9 milyar dolara geriledi. Eylül 2025’te bu değer 19,4 milyar dolar seviyesindeydi.
Açık pozisyon, piyasadaki mevcut sözleşmelerin büyüklüğünü ve yeni sermayenin pozisyonlara ne ölçüde girdiğini değerlendirmek için kullanılan önemli göstergelerden biri. Dolayısıyla yaşanan düşüş, türev piyasasındaki sermaye kullanımının önceki dönemlere kıyasla zayıfladığını gösteriyor.
Yatırımcılar açısından işlem hacmiyle birlikte açık pozisyonları takip etmek, piyasanın yalnızca fiyat hareketlerini değil, risk iştahını da değerlendirmeye yardımcı olabilir.
Hyperliquid Ve RWA İşlemleri Neden Önemli? DEX piyasasında genel düşüş yaşanırken Hyperliquid dikkat çekmeye devam etti. Son 30 günlük verilere göre platform, 199 milyar dolarlık işlem hacmiyle merkeziyetsiz borsalar arasında ilk sırada yer aldı.
Hyperliquid’de tokenize gerçek dünya varlıklarının (RWA) işlem hacmindeki payı da giderek yükseliyor. İkinci çeyrekte RWA işlemleri platformun toplam hacminin yüzde 32’sini oluştururken, 169 milyon dolarlık çeyreklik gelirin yüzde 6,6’sını meydana getirdi.
Temmuz ayında RWA’ların ağırlığı daha da yükseldi ve belirli bir haftada toplam işlem hacminin yüzde 52’sine ulaştı. Bu gelişme, genel türev piyasasında hacim düşerken tokenize gerçek dünya varlıklarının bazı platformlarda giderek daha önemli bir işlem alanına dönüştüğünü gösteriyor.
Kripto para piyasasında hacim, açık pozisyon ve RWA verilerindeki değişimleri birlikte izlemek, piyasanın yönünü anlamak açısından önem taşıyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
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Hyperliquid has struggled significantly to maintain an upward momentum. In fact, the recent attempt collapsed as the altcoin faced rejection at $57, resulting in another pullback.
As of this writing, Hyperliquid was trading at $54, down 3.3% on the daily charts. Before this slip, the altcoin had been on an upward trajectory, hiking by 4.9% on weekly charts.
HyperLabs unlocks $23 million worth of HYPE Even though Hyperliquid [HYPE] is experiencing strong downside pressure, Hyperlabs made a move that is likely to exacerbate it.
According to Lookonchain, HyperLabs unlocked another 433,025 HYPE worth $23.46 million. After the unlock, they have been gradually depositing these tokens into exchanges, including Flowdesk and OKX.
The exchange deposit points towards preparation to sell. In the past, their deposits into exchanges have preceded selling.
Therefore, the recent move is likely to cause more pressure on HYPE, as the altcoin has recently exhibited some weakness.
Sellers hold firms as whales attempt to absorb pressure Hyperliquid whales have constantly come to rescue and have attempted to slow down the downside momentum. According to Onchain lens, a newly created wallet withdrew 197.36k HYPE worth $10.69 million from Coinbase.
This whale buying is a highly needed boost, especially as sellers have remained dominant in the market.
Looking at Hyperliquid Spot Buy Sell Volume, the market delta has remained negative for three consecutive days. Over the past day, for example, the altcoin’s sell volume rose to 297k compared to 229k in buy volume.
Source: Coinalyze As a result, the market delta dropped to -68k. A negative delta is a clear sign of strong selling pressure.
Therefore, if whales can maintain the accumulation, they could help in absorbing the pressure. In doing so, Hyperliquid will have a clear path for a potential rebound.
What momentum indicators suggest Hyperliquid sat under strong downward pressure, with sellers dominating the market. With HyperLabs also joining the sell side, the altcoin is under more pressure.
In fact, the altcoin’s Relative Strength Index (RSI) has remained within the bearish zone for three weeks. At 42, the RSI indicates that sellers are enjoying significant control of the market.
Source: Hyperliquid Even more so, the altcoin sits below the 50- SMA signaling strong short-term downside pressure. Taken together, these indicators reflect bearish pressure and signal the likelihood of extended market weakness.
Therefore, if the selling pressure continues to dominate, Hyperliquid is likely to drop towards $51 despite the recent whale purchases.
Final Summary HyperLabs unlocked another 433,025 HYPE worth $23.46 million and started exchange deposits, rising sell off concerns. A newly created wallet withdrew 197.36k HYPE worth $10.69 million from Coinbase.
Hyperliquid (HYPE) has drawn heightened attention from traders as the token approaches a critical resistance level. The recent surge in momentum follows strong ecosystem growth and significant on-chain activity, including a substantial whale withdrawal from Coinbase, fueling optimism for a potential breakout.
Key technical levels and trader sentimentTraders have increasingly focused on HYPE’s price action near the $65 resistance level, viewing it as a decisive point for confirming a broader bullish trend. Crypto analyst Zoe identified the current price region as a possible accumulation zone, noting that HYPE had previously staged a rapid rally after defending a similar support area to reach its all-time high.
Investor optimism is building as buyers attempt to establish stronger momentum around these key technical levels. Many market participants are closely watching for sustained buying pressure and a confirmed breakout above $65, which would reinforce the bullish setup for HYPE.
A breakout beyond this resistance may open the path toward the much-anticipated $100 target, while a failure to do so could trigger a corrective move. In the context of previous bullish reversals, the importance of market monitoring and effective tools becomes evident. CryptoAppsy, which requires no account creation hassle, combines crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. This all-in-one assistant helps traders set up smart price alerts, filter news specific to their coins, and access newly listed altcoins alongside key data such as Fed interest rates, keeping them ahead of market shifts.
Whale activity and exchange flowsOnchain Lens reported that a newly created wallet withdrew 197,360 HYPE tokens, worth approximately $10.69 million, from Coinbase roughly an hour ago. The size and timing of this transfer have caught the eye of traders, who are assessing whether this movement signals a larger wave of accumulation or another strategic maneuver.
Large withdrawals of this kind can reduce immediately available liquidity on exchanges, often interpreted as a signal of long-term holding or “whale” accumulation. Still, as noted by market observers, a single on-chain transfer does not offer certainty about future price movements, since the tokens could be sold, moved into DeFi, or retained in cold storage.
Traders view the $65 resistance as a crucial level. A confirmed breakout above this point could trigger renewed bullish momentum and potentially propel HYPE toward the $100 mark, especially amid ongoing whale accumulation and a strengthening network.
Market outlook and fundamentalsAt last check, HYPE was trading at $54.92, with a 24-hour trading volume of $196.43 million and a market capitalization of $13.88 billion. Over the past day, the token’s price has demonstrated relative stability, with its structure and whale activity indicating potential for a bullish reversal.
Beyond technical indicators, Hyperliquid’s ecosystem fundamentals remain robust. The platform has generated strong earnings, sustained high trading volume, and continues with steady token buybacks. If these trends persist, the $100 price target appears more achievable.
Despite positive predictions and signals of whale activity, HYPE’s price movement remains largely neutral for now. Broader market conditions are gradually improving, and a clear breakout above $65 accompanied by rising volumes could strengthen bullish expectations among market participants.
If the network’s earnings, trading activity, and buybacks continue at their current pace, HYPE’s path toward $100 may be within reach, provided a decisive breakout above $65 occurs.
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.
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.
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Perp DEX’s have delivered plenty of activity, but the tokens aren’t moving as one. In 2026, HYPE is up 113%, while ASTER is down 13% and LIT has slipped 5%. The number behind the three venues make the gap even harder to ignore.
Hyperliquid Still Owns Most Trading ActivityOver the past 30 days, Hyperliquid processed $198.4 billion in derivatives volume, compared with $40 billion for Aster and $33.8 billion for Lighter. That gives HYPE roughly 72.9% of combined flow.
The fee picture is even more striking. As Hyperliquid generated $48.3 million in fees, versus $4.4 million for Aster and $2.5 million for Lighter.
Open interest also shows the similar story, where HYPE is having $9 billion, $1.9 billion for ASTER, and $700 million for LIT.
Lighter Looks Cheap, But Revenue LagsLighter’s appeal is valuation.volume-to-market cap ratio stands at 0.017, compared with 0.040 for ASTER and 0.061 for HYPE, while retail traders pay zero fees.
But that advantage comes with a catch. Lighter generated only $24 million in holder revenue over trailing year, compared with $765 million for HYPE and $12 million for ASTER.
Meanwhile, Aster has more than 2 million wallets, but the provided data describes much of that activity as heavily farm driven. Hyperliquid has more than 300K active traders, with a smaller but reportedly more organic user base.
Token Valuations Make The Decision MessierThe problem is dilution. HYPE carries a $12.05 billion market cap against $51.76 billion FDV, while ASTER sits at $1.61 billion versus $4.69 billion versus $4.69 billion and LIT at $581 million versus $2.32 billion.
So yes, Hyperliquid dominates usage revenue. But at a $51 billion FDV, the market already knows it. While, Lighter looks cheaper on several measures but needs to convert usage into stronger holder accrual, while Aster has to prove its wallet numbers translate into durable flow.
For Perp DEX’s, the trade off is becoming clear that HYPE is the established leader, LIT is the value argument, and ASTER remains the momentum bet.
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As the crypto market continues to show mixed price actions, Hyperliquid's development team, Hyperlabs, stirred reactions across the crypto market following a recent unlocking of HYPE tokens.
According to recent data shared by crypto analytics platform Lookonchain, Hyperlabs has unlocked a total of 433,025 HYPE tokens and has been dumping them on major crypto exchanges.
Is Hyperlabs selling?Following HYPE's current trading price, the total amount of tokens unlocked by the team is worth over $23 million, drawing attention from market watchers.
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Although the massive unlocking of the tokens does not reflect a bearish signal, the move became concerning after the team began to deposit portions of the unlocked tokens to exchanges like OKX and Flowdesk.
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While deposits to exchanges potentially indicate an intention to sell, the move has sparked speculation across the crypto community, although the team has yet to give further details about the purpose of its move.
With the move perceived as being bearish for HYPE's potential price move, it appears that momentum is cooling after the rapid price surge seen earlier this week.
HYPE supply pumpsBy unlocking some of the Hyperliquid tokens into circulation, the team has added to the supply of HYPE available in the market and could create additional selling pressure amid the ongoing market volatility.
Nonetheless, there are suggestions that the team may not have sold the tokens it unlocked, as exchange deposits do not solely confirm that Hyperlabs has sold the assets.
Market analysts predict that there is a good chance the team may have deposited the tokens for liquidity management or other operational purposes.
TLDR: The HYPE token unlock returns 433,025 tokens worth more than $23 million to Hyperlabs, with tracked transfers increasing concern about market supply. Wallet monitoring links 165,000 HYPE to Flowdesk and another 90,000 tokens to OKX and Bybit, while some tokens reportedly converted into USDC. HYPE trades at $54.76 after a 3.5% daily decline, as $1.83 million in long liquidations highlights pressure on bullish derivatives positions. The daily triangle maps $67.65 and $76.88 above resistance, while a confirmed lower-boundary break places $44.52 and $35.39 in focus. Hyperlabs has redeemed 433,025 HYPE from staking, placing more than $23 million of tokens under its control. The HYPE token unlock has drawn scrutiny after tracked wallets sent portions toward Flowdesk and exchanges.
On-chain monitor Lookonchain said the transfers likely signal selling, though wallet movements cannot confirm every token reached the market. HYPE price stood near $54.76, down 3.5% over 24 hours, inside a $53.65 to $56.94 range.
The token now faces extra supply concerns while long liquidations dominate daily derivatives losses. This Hyperliquid price prediction places HYPE near a decision point inside a symmetrical triangle on the daily chart.
HYPE Token Unlock Sends Fresh Supply Toward Exchanges Lookonchain reported that Hyperlabs completed the redemption after the staking release process. The monitor initially valued the batch near $23.46 million. The on-chain update said the tokens were divided across nine wallets. Their routing drew attention from traders tracking potential exchange supply.
Monitoring then linked 165,000 HYPE, worth about $9.23 million, to Flowdesk. Market data shows 75,000 tokens converted into USDC on Hyperliquid. Another 90,000 tokens moved toward deposit addresses associated with OKX and Bybit. Flowdesk serves as a market maker, rather than a centralized exchange.
The HYPE token unlock includes confirmed transfers and inferred selling intentions. Exchange deposits make assets easier to sell but cannot establish their final use. Hyperlabs has not explained the activity’s full purpose. Operational liquidity, market making, or scheduled distribution could explain other transfers.
The release adds available supply during a weaker demand period. HYPE ETF products recorded roughly $15.16 million in July net outflows, according to SoSoValue data. Since July 15, the products logged two inflow days and about nine outflow days. That pattern reduces one channel that previously absorbed market supply.
Even so, the HYPE token unlock is small beside the token’s broader supply. There are 222.446 million HYPE circulating against a maximum of one billion. It also placed treasury holdings near 19.7 million tokens. Market trackers can differ as they classify circulating and vested holdings differently.
The market capitalization stood near $12.2 billion. Hyperliquid’s total value locked was about $6.27 billion, preserving its scale among decentralized derivatives platforms at the time.
HYPE Token Unlock Meets a Bearish Technical Outlook The Hyperliquid price prediction places HYPE inside a symmetrical triangle, where ascending support meets resistance. This structure signals compression, not a guaranteed direction. Volume must confirm a boundary break before the cited targets become active.
An upside breakout would expose $67.65, followed by $76.88. The chart’s Wolfe Wave projection then stretches toward $91 to $92. That scenario requires price to clear the upper boundary with sustained volume.
Source: TradingView Conversely, rejection at the upper trendline could return HYPE toward triangle support. A confirmed breakdown would place $44.52 in focus, followed by $35.39. HYPE price near $54 leaves both pathways unresolved. Price has not confirmed either outcome yet.
The HYPE token unlock adds fundamental pressure to this technical setup. Exchange-accessible coins can deepen supply near resistance. However, the impact depends on how quickly buyers absorb sales. Market-maker transfers may not reach public order books immediately.
CoinGlass data supports the cautious short-term tone. Twenty-four-hour liquidations totaled $2.10 million, including $1.83 million from longs. Shorts accounted for about $271,070 over the same window. The imbalance shows that falling prices punished bullish leverage more heavily.
Source: Coinglass Binance led futures volume at $406.74 million, followed by LBank at $287.71 million. Hyperliquid recorded $275.38 million, while MEXC and Bybit logged $193.48 million and $159.88 million. Concentrated activity can amplify reactions around triangle boundaries.
The HYPE token unlock coincided with a $53.65 daily low. Breaking that level would shift attention toward the triangle’s lower boundary. The boundary advances across the chart as the ascending trendline rises.
A tier-1 whale has reportedly increased their Bitcoin long exposure on the Hyperliquid exchange, according to social media reports. This move coincides with HyperLabs’ recent activity of transferring significant amounts of its HYPE token to centralized exchanges. The whale’s actions are part of a broader trend of increased long exposure on Hyperliquid, with overall whale positions reaching approximately $3.5 billion. These developments occur amid fluctuating market odds for Bitcoin reaching higher price targets in early August.
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Key Takeaways Whale activity on Hyperliquid suggests increased confidence in Bitcoin’s potential price rise, with long positions currently surpassing shorts. HyperLabs has been strategically releasing HYPE tokens to exchanges, indicating a potential shift in market liquidity dynamics. Market pricing implies a moderate increase in the likelihood of Bitcoin reaching higher price levels, though the current probability remains low. What to Watch Watch for further whale activity on decentralized exchanges like Hyperliquid, as it could indicate future price movements. Additionally, how the market absorbs the HYPE tokens being moved to exchanges by HyperLabs may influence liquidity and volatility. The actions of influential bodies, such as the Federal Reserve and major ETF issuers, could also impact Bitcoin’s price trajectory in the coming days.
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Term Structure
Contract Odds Δ since publish Volume 24h August 3-9 0.1% — — View market → August 3-9 0.1% — — View market → August 3-9 0.4% — — View market → August 3-9 0.8% — — View market → August 3-9 1.8% — — View market → August 10 2026 19.5% — — View market → August 10 2026 0.7% — — View market → August 10 2026 0.4% — — View market → August 10 2026 0.1% — — View market →
Hyperliquid (HYPE) is seeking to maintain a key support zone between $51 and $53, a level that could determine its short-term price trajectory. Despite a recent pullback, analysts are watching this area closely for signs of a bullish reversal if buying pressure intensifies.
Critical support zone in focusAt the latest available prices, HYPE is trading at $54.50 with a 24-hour volume of $312.72 million and a market capitalization of $13.76 billion. The token experienced a 3.01% decline over the last day, but market observers see continued growth in both price structure and network activity.
Crypto analyst Chiefrat identified the $53–$51 support region as essential for the next directional move, suggesting that HYPE may be forming Wave 4 in an Elliott wave sequence. This technical structure points to a potential bullish expansion if buyers maintain support at these levels.
If the support holds and positive momentum builds, HYPE could establish a higher low, setting the stage for a move toward the $90–$100 target area. However, a breakdown below $51 on a weekly basis could invalidate this scenario, potentially leading to further downside.
“Any successful defense of the range between $51 and $53 may open up the door for a Wave 5 move, with the charts suggesting that the next major target lies somewhere between $90 and $100.”
Token burn strengthens scarcity narrativeRecent data from MSB Intel revealed that Hyperliquid has burned 47.53 million HYPE tokens, valued at approximately $2.68 billion based on current prices. This reduction amounts to 4.75% of the total HYPE supply, further supporting the token’s scarcity narrative.
The aggressive burn program is designed to limit circulating supply over time, potentially creating favorable conditions for price growth if market demand continues to rise. Market observers note that long-term tokenomics are likely to benefit from sustained burns, provided investor interest and overall ecosystem expansion remain strong.
Tokens will continue to be burned, supporting supply reduction in periods of strong ecosystem activity and investor participation. However, supply cuts alone may not guarantee upward price movement, and broader market dynamics will continue to play an important role.
Market dynamics and broader opportunitiesDespite these optimism-inducing fundamentals, HYPE’s price has recently moved downward. General sentiment in the crypto market appears to be improving, and a well-defended bounce from the current support zone could confirm bullish technical patterns for HYPE.
The coming period is likely to be shaped by how effectively buyers defend the crucial $51–$53 support. A strong upward rebound may validate technical targets toward the $90–$100 region. Conversely, a weekly close below $51 would put the positive outlook at risk and potentially signal a trend reversal.
Investors and market participants are watching the technical patterns closely and monitoring HYPE’s burn mechanism as part of the broader narrative on supply reduction and price sustainability. These trends mirror wider developments within the digital assets space, where platforms are prioritizing mechanisms to manage liquidity and drive adoption.
In addition to ecosystem-driven growth, platforms such as 1stepSwap are also contributing to market innovation by allowing seamless access to real-world assets on-chain. 1stepSwap enables users to acquire shares of leading U.S. companies or commodities like gold and silver directly through their digital wallets, bypassing complex intermediaries. The platform utilizes real-time market checks to ensure users trade major assets, including stocks, at the best available price, thus offering portfolio diversification and efficient execution in seconds.
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.
