The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
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Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
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SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
The week opens with crypto markets focused on the macro backdrop: while several protocol-level events are scheduled, developments around the Iran conflict and Fed signaling are likely to remain the dominant drivers.
Reuters reported Sunday that the Pentagon is preparing for possible weeks of ground operations in Iran, though Trump has not approved those plans, and by Monday AP reported he was floating the idea of seizing Iran’s Kharg Island oil terminal even as diplomacy was still being discussed. Brent settled last Friday at $112.57, up 4.2% on the day.
BREAKING: President Trump says the US is in “serious discussions with a new and more reasonable regime to end our military operations in Iran.”
Trump also says that if a deal is not made, the US will “blow up and completely obliterate all of their electric generating plants, oil… pic.twitter.com/UAsFbQuWWF
— The Kobeissi Letter (@KobeissiLetter) March 30, 2026
Powell is due to speak later Monday, March 30, at Harvard, where markets will look for any signal on how the Fed is assessing the current oil-driven shock. With the Iran conflict pushing energy prices higher, policymakers are facing a familiar trade-off between inflation risks and slowing growth.
As in recent weeks, macro developments are likely to remain the dominant driver for crypto. Any escalation in Iran or a shift in Powell’s forward guidance could quickly feed through into broader risk markets, including crypto assets.
Crypto Events To Watch This Week In crypto land, the AAVE gets the spotlight this week. The project is set to activate Aave V4 on Ethereum mainnet. Aave V4 is already beyond the rumor stage and through the ARFC process, with the forum proposal laying out a “security-first” rollout, conservative risk parameters, and a narrower initial hub-and-spoke setup.
For ETH, the calendar matters less as a one-day catalyst than as a sentiment and narrative checkpoint. EthCC[9] begins March 30 in Cannes and bills itself as the largest and longest-running annual European Ethereum event, running through April 2. The adjacent EthCC Week schedule also includes “The Agora” on March 31, an institutional forum focused on market infrastructure, operational efficiency, and capital deployment.
JUP’s watchpoint is product expansion. Jupiter’s Offerbook is already in private beta, with registration open, and the pitch is unusually direct: “Onchain finance needs onchain credit. Time-based P2P loans, without price-based liquidations.” The product lets borrowers and lenders create fixed-term orders with customizable collateral, APR, loan size, and duration.
SUSHI is lining up a derivatives push. The official Sushi account has set April 2 for perps, while Sushi’s own site already shows a dedicated perps page telling users “Perps on Sushi Coming Soon” and collecting waitlist signups. That matters because perps remain one of the deepest and stickiest revenue arenas in crypto, and Sushi has been framing derivatives as a strategic priority since Sushi Labs outlined its roadmap.
FTX is also back on the radar because cash is about to move. FTX Recovery Trust said it will begin its fourth distribution on March 31, totaling about $2.2 billion for eligible creditors in the convenience and non-convenience classes who completed the required steps, with funds expected via BitGo, Kraken, or Payoneer within one to three business days. The market question is straightforward: how much of that recovered capital, if any, makes its way back into crypto trading once claims are paid.
Based, a Hyperliquid-powered DEX, will launch its token on March 30. The project confirmed its March 30 TGE on X, and KuCoin has already scheduled BASED/USDT trading for 10:00 UTC on Monday, with withdrawals opening a day later. KuCoin describes Based as a non-custodial DeFi “SuperApp” spanning crypto, equities, commodities, and spending rails.
At press time, the total crypto market cap stood at $2.32 trillion.
Total crypto market cap, 1-month chart | Source: ETHUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Zcash (ZEC), NEAR Protocol, and Hyperliquid (HYPE) edge higher on Tuesday, extending their recovery so far this week. Retail and institutional demand heats up for altcoins, fueling a rebound as prices fully absorb the impact of Arthur Hayes's exit.
Demand revives week for Trinity after Arthur Hayes exitArthur Hayes dumped all his holdings of Hyperliquid and NEAR Protocol earlier this month, followed by Zcash due to the counterfeiting vulnerability exposed in Zcash’s Orchard Shielded Pool. More than a week after his exit, these altcoins reflect a nearly synchronized V-shaped reversal.
Retail interest rebuilds in the ZEC, NEAR, and HYPE futures amid the minor rebound. CoinGlass data show ZEC and NEAR Open Interest (OI) rising to $1.24 billion and $558.20 million, respectively, reflecting an upward tick in the OI charts, closing toward last month's $1.67 billion and $857.21 million peaks.
In the case of Hyperliquid, OI is up roughly 13% to $3.12 billion on Monday, while the institutional support resurfaces. SoSoValue data show that HYPE-focused ETFs recorded $17.19 million in inflows, supporting its 4% gains on Monday.
Zcash and NEAR Protocol Open Interest charts. Source: CoinGlass
HYPE derivatives data. Source: CoinGlassZcash extends steady recovery above $500Zcash hovers above $500 at press time on Tuesday, holding a constructive bullish bias as it remains well above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs) clustered between roughly $375 and $480.
The 78.6% Fibonacci retracement at $595, measured over the downswing from $690 to $250, now underpins the advance as nearby resistance. A decisive close above this zone could open the path toward the $800 mark.
Momentum gradually gains strength on the daily chart, with the Moving Average Convergence Divergence (MACD) crossing above the signal line, while the Relative Strength Index (RSI) at 54 hint that positive momentum is building without yet reaching overbought conditions.
ZEC/USDT daily price chart.Looking down, the $500 psychological mark, close to the 50-day EMA at $478, serves as a crucial support zone, followed by the 50% retracement level at $470 and the 100-day EMA at $433.
NEAR Protocol extends recovery to $2.50NEAR Protocol edges higher by over 4% at press time on Tuesday, approaching the $2.50 mark with its fourth consecutive day of rally. The AI token holds a constructive bullish bias as price sits well above the 50-, 100-, and 200-day EMAs clustered between roughly $1.74 and $1.98. This positioning suggests the broader uptrend remains intact, while the RSI at around 60 on the daily chart indicates positive but not overextended momentum. Meanwhile, the MACD is on the verge of crossing above its signal line, hinting that bullish pressure may be rebuilding.
The 78.6% Fibonacci retracement level at $2.68, followed by the $3.18 peak from November 8 serve as overhead barriers.
NEAR/USDT daily price chart.On the downside, initial support is seen at the 61.8% Fibonacci retracement at $2.28, with further reinforcement from the 50% retracement near $2.01 and the 50-day EMA at $1.98.
Hyperliquid rally targets a new record highHyperliquid trades above $70 at the time of writing on Tuesday, extending gains for the sixth consecutive day. The rebound in HYPE from the 50-day EMA last week now forms a V-shaped reversal on the daily chart, targeting the $75.76 level.
From a technical perspective, a daily close above this zone would drive HYPE into price discovery mode, potentially targeting the 127.2% and 161.8% Fibonacci retracement levels at $82.03 and $90.02, respectively.
Momentum remains strong on the daily chart, with the RSI rising to 64 and the MACD crossing above its signal line, reaffirming renewed bullishness.
HYPE/USD daily price chart.Looking down, the 50% retracement at $64.21 serves as the primary support floor for HYPE, as sellers regain control around $75.
(The technical analysis of this story was written with the help of an AI tool.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
Hyperliquid has expanded its HIP-4 outcome market to let users trade prediction-style contracts on offchain events like U.S. inflation data and Federal Reserve decisions alongside crypto derivatives.Unlike rival Polymarket, which relies on UMA’s external oracle, Hyperliquid resolves these markets through its own validator set, which ingests news, decides which markets to list and votes on settlement outcomes.The fully collateralized Yes/No contracts, which settle at either 1 USDC or zero, position Hyperliquid as a potential multi-asset venue where traders can combine crypto perps with macro and event-driven bets without shifting collateral across platforms.Decentralized platform Hyperliquid is now competing with established betting platforms such as Polymarket, but with a differentiated mechanism for resolving bets.
The leading decentralized exchange has expanded its HIP-4 outcome contracts beyond crypto price milestones into real-world events. This native prediction-market infrastructure allows users to trade macro contracts, such as inflation data and interest-rate decisions, directly alongside their standard crypto perpetuals out of a single account.
Outcome markets mark a notable expansion for the decentralized derivatives venue, which built its business around crypto perpetual futures and initially tested the product using price‑outcome contracts settled against its own market data.
Hyperliquid first tested the product on exchange‑native outcomes, such as whether bitcoin would trade above a specific level by a fixed time using Hyperliquid’s own reference prices. The latest rollout expands that model into real‑world macro events, or offchain outcomes, like U.S. inflation and Federal Reserve decisions, directly competing with prediction market platforms like Polymarket.
Native resolutionWhat sets it apart is that HIP‑4 brings dispute resolution and settlement in‑house, rather than depending on an external oracle network like Polymarket.
Here’s why it matters. Offchain events introduce a new problem: determining truth.
Polymarket handles this through UMA, an external oracle protocol that uses an optimistic dispute system. A proposed settlement stands unless challenged, at which point UMA tokenholders vote on the final result. That model has faced criticism following controversial resolutions, prompting accusations that large tokenholders could influence outcomes.
Hyperliquid uses a more vertically integrated model. Validators themselves ingest external information through automated newsfeed software, determine whether markets should launch, and vote on settlement outcomes.
Multi-purpose platformThe launch also fits into Hyperliquid’s broader effort to evolve into a multi‑asset trading venue. FalconX said in a recent report that the exchange’s expanding product stack could position it as a challenger not just to crypto‑native rivals but also to traditional exchanges.
“For example, you could pair a HIP‑3 perps position on NVDA with outcome markets that NVDA will miss or beat earnings,” CoinDesk previously reported.
Hyperliquid’s outcome markets are structured as fully collateralized contracts rather than leveraged bets, thereby limiting losses to the amount paid upfront. Traders buy “Yes” or “No” positions tied to a defined event, with contracts settling at either 1 USDC or zero USDC depending on the result. If a trader buys a “Yes” contract at 0.65 USDC, their maximum loss is limited to that upfront amount, unlike perpetual futures, where leverage can trigger liquidations.
That makes the product sit somewhere between a prediction market and a simplified binary options contract.
If Hyperliquid’s outcome markets gain traction, traders could eventually use the same venue to express directional crypto views, hedge macro risks, and speculate on event outcomes without moving collateral between platforms.
DeFiLlama, the largest data aggregator and dashboard for Decentralized Finance (DeFi), has displayed the list of Top 15 Projects by weekly TVL Growth. Total Value Locked (TVL) means the total dollar value of cryptocurrency assets locked within a certain decentralized finance (DeFi) protocol. Wildcat Protocol ($Wildcat) stands at the first position with $26.8M in TVL, after increasing the change of +107%, in the given list of other top projects over the past 7 days.
In the same way, Sentora Network ($Sentora) is in the Second position in this race with $1.2B in TVL, with a change of +85.6%. Phoenix has released this news through its official X account after collecting data from different platforms.
Fantom and Hyperliquid Climb TVL Rankings with Strong Weekly Gains Fantom ($FT) and Hyperliquid ($HYPE) got third and fourth position with $64.1M after getting +24.7% increase and $523.1M with +21.0% increase in value, in TVL, respectively. Hyperliquid ($HYPE) has a Market Cap of $7.5B. These two Projects show a massive difference in terms of TVL, about 459M.
Simultaneously, Mito Finance ($MITO) stands with $2.1M with a change of +18.4% in TVL, and Notional Finance ($NOTE) at a new value of $15.1M after getting an increase of +15.7% in TVL, respectively. Mito Finance ($MITO) has a Market Cap of $10.7M.
In addition, more projects are fighting to survive in this list over the past week. In this Altura ($ALU), Datamine Network ($DAM), and Pax Gold ($PAXG) gained $3.1M with an increase of +13.5%, $54.5M with an increase of +10.0%, and $2.3B after getting a +8.9% increase in TVL, respectively. These three crypto coins have a middle position in the given list of Top projects over the past week.
$BIFI, $LON and $NEAR Show Diverging Momentum Beefy ($BIFI), Tokenlon Network Token ($LON), and NEAR Protocol ($NEAR) observed with huge divergence among them, both in terms of TVL and Market Cap. $BIFI has attained a value of $286.5M with an increase of +8.5% and has a market cap of $10.6M. $LON has a new value of $1.2M after getting +8.3% increases in its value over the past week and holds a Market Cap of $38.9M.
Moreover, $NEAR gained a TVL of $55.9M, with a Market Cap of $1.4B, and gained this value after the increase of +6.2%. Securitize, Inc. ($Securitize) rose with a new value of $2.6B in TVL after a +5.8% increase.
Spiko Finance ($Spiko) and Sky Protocol ($SKY) got second last and last position, respectively. In this list, $Spiko and $SKY gained a hype of +4.1% and +3.1% in TVL value and appeared with a new value of $946.7M and $5.6B, respectively. $SKY has a Market Cap of $1.5B.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Coin PricesCrypto rally stalls, BTC Vegas today, Circle files for IPO
Crypto rally stalls, BTC Vegas today, CIRCLE files for IPO FOMO HOUR EP365 BTC rally stalls under $110k on profit taking. BTC options OI hits new record. Hyperliquid whale loses $67m in 5 days. SOL co-founder sees KYC details doxxed. Trump Media denies plan to buy $3bn of crypto. Bitcoin Vegas begins today. Strategy acquires $427m BTC. Blockchain Group issues EUR63m bond to buy BTC. Onchain proof-of-reserves a bad idea: Saylor. Florida could end cap gains tax on crypto, stocks. SUI to allocate $10m for security. Circle files for IPO, denies sale talks. SBF’s sentence to be reduced by 4+ years. Tom Brady invests in Catena Labs. Alpaca Finance to wind down. Meteora now top fee-generating dApp on SOL. Bitlayer collabs with major mining pools on BitVM. Thailand to integrate crypto payments for services. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. JOIN YEET = https://yeet.com/register?aff=fomohour PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL PODCAST = https://x.com/i/spaces/1kvKpydgqMQGE LIVE SPACE = https://x.com/i/spaces/1yoKMoMzdznJQ Links: https://linktr.ee/fomohour https://twitter.com/fomohour https://www.rug.fm/ https://x.com/rugradio Hosts: https://twitter.com/farokh https://twitter.com/rektmando https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets #bitcoin #crypto #podcast
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Ethereum (ETH) price slipped to about $1,711 as spot Ethereum ETF outflows extended to a seventh straight week even as the network’s own data points the other way.
A wider move out of the two largest crypto funds and into newer products looks like a rotation taking shape. Ethereum sits awkwardly in the middle of it.
Bitcoin and Ethereum ETFs Bleed a Seventh WeekSpot Bitcoin (BTC) ETFs booked a seventh straight week of redemptions. The weekly spot ETF flows, the gap between cash entering and leaving the funds, shrank from a $1.72 billion exit on June 5 to $68 million by June 22.
Bitcoin ETF Flows: SoSoValueEthereum ETF outflows matched that run at seven red weeks. The latest $66 million weekly exit was far smaller than the $255 million pulled in mid-May, so the bleeding is slowing. However, the new week has just started and it is important to see how things turn up by Friday.
Ethereum Spot ETF Weekly Flows: SoSoValueBoth majors are losing money, yet the pace is cooling rather than worsening.
The contrast shows up the moment the smaller funds enter the frame.
XRP, Solana and HYPE Funds Catch the BidWhile the majors bled, XRP ETF inflows ran for an eighth straight week, holding green even through early June’s price drop.
XRP Spot ETF Weekly Inflows: SoSoValueSolana (SOL) funds stayed mostly positive since mid-May, with only a couple of minor red weeks and about $836 million in net assets.
Solana Spot ETF Weekly Flows: SoSoValueHyperliquid (HYPE) funds have not printed a single red week since their May 13 launch, drawing about $183 million. The split looks like an early crypto ETF rotation, though the alt inflows are still small.
HYPE Spot ETF Weekly Flows: SoSoValueIf money is fleeing Ethereum, its network has not got the message.
Ethereum Staking Demand Dwarfs ExitsOn-chain signals clash with the ETF exit. The validator exit queue holds about 223,000 ETH waiting to unstake, against roughly 2.68 million ETH waiting to get in.
Ethereum Validator Queue Snapshot: ValidatorQueueThat is about twelve times more Ethereum staking demand than exit pressure, the opposite of what a sell wave looks like. Realized flows agree. Daily validator deposits turned net positive over the last ten days, after exit-heavy days earlier in June.
Validator Deposits Versus Withdrawals: DuneThe unstaked ETH that does reach exchanges stays small. Even the busiest day moved about 24,000 ETH, a fraction of the daily exchange inflows, which suggests exits are not feeding the market.
Exit ETH Reaching Exchanges: DuneExchange balances and the staking token tell the same calm story.
Exchange Outflows Ease and the stETH Peg HoldsThe exchange outflows picture is steady. The exchange net position change, a metric that tracks tokens moving in and out of exchanges, eased from about negative 564,000 ETH on June 9 to negative 442,000 by June 22, still a net withdrawal.
ETH Exchange Net Position Change: GlassnodeThe stETH peg held near 1.0 through ETH’s roughly 20% drop in early June. A clean peg suggests holders were not scrambling to unstake and sell.
stETH To ETH Peg Ratio: DuneSo if the chain looks committed, the rotation question moves to where flow is actually tilting.
A Quieter Rotation the ETF Numbers HideOne direct measure reframes the picture. A custom rotation score tracks ETH’s share of the combined BTC and ETH five-day net flow, then z-scores it against its own 30-day history. The reading is positive 1.05, which flags a tilt toward ETH. The catch is that ETH’s share of that flow is only 21%, so Bitcoin still takes most of it.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The score fires because it measures change, not level. ETH’s share had been running nearer 12% to 15%, so a jump to 21% sits about one standard deviation above its own norm.
BTC To ETH Rotation Signal: Charlie Quant LabIn plain terms, money is rotating toward ETH faster than usual at the margin, even while every ETF print stays red. Headline fund flows miss this, but a direct read of the flow split catches it. At just over the +1 line, this is an early and weak signal, not a confirmed trend.
That gap between the weekly ETF tape and the on-chain split sets up the real test.
What Would Confirm the Grand RotationFor now the grand rotation is a pattern, not a confirmed move. It needs XRP, SOL and HYPE inflows to scale while Bitcoin and Ethereum keep bleeding.
The thesis breaks in two ways. Green weekly prints for the majors would end it, and stalling alt inflows would do the same.
Ethereum stays the odd one out, with a healthy network and weak ETF demand at once. Continued Ethereum ETF outflows beside a positive rotation score suggest the cash leaving the fund is not all leaving the asset. A return to positive weekly flows separates an Ethereum ETF recovery from a deeper rotation into rival funds.
The crypto market capitalization has moved higher over the past day, with broad gains across major coins reflecting improving investor sentiment.
At the same time, the rebound has squeezed bearish positions, with over $468.5 million in short liquidations recorded during the 24-hour window.
Crypto Liquidation Wave Hits Short SellersAccording to BeInCrypto Markets data, total market capitalization has increased by 4.29%. The majority of the top 10 cryptocurrencies have posted gains over the past 24 hours.
Dogecoin (DOGE) jumped 9.10%, marking the strongest performance among the 10 largest cryptocurrencies. Lido Staked Ether (STETH) followed, advancing 8.83%. Ethereum (ETH) ranked third among the top performers, jumping 8.75% and reclaiming the $2,000 level.
Bitcoin (BTC) also posted notable gains, climbing 4.76% over the past day. The flagship cryptocurrency briefly touched $70,027 on Binance yesterday before retracing slightly to trade at $68,647 at press time.
Crypto Market Recovery On February 26. Source: BeInCrypto MarketsBeInCrypto reported that the rally benefited some long traders who recorded profits amid ETH’s latest rise. However, traders betting on further downside saw losses.
According to Coinglass, 128,348 traders were liquidated over the past 24 hours, with total liquidations reaching $575.59 million. Short traders bore the brunt of the losses, accounting for $468.53 million in liquidations, compared to $107.06 million in long positions.
Crypto Market Liquidations. Source: CoinglassBitcoin alone accounted for roughly 40% of total liquidations, with approximately $194.95 million in short positions liquidated. ETH recorded $203.8 million in total liquidations during the same period, with $175.16 million stemming from short positions.
The largest single liquidation order occurred on Hyperliquid for the BTC-USD pair, valued at $10.41 million.
Leveraged positions over the past 7 days have just turned positive.
With today’s short liquidations in BTC, what remains now are longs.
The market works like this — it moves toward where weak hands are most heavily exposed.
That’s easy money for exchanges and the liquidity… pic.twitter.com/UtZ7px3KVr
— Joao Wedson (@joao_wedson) February 25, 2026 Analysts Warn Crypto Relief Rally May Not Signal Full Trend ReversalThe recent rally has sparked optimism, but analysts warn it may not mark a full trend reversal. According to XWIN Research Japan, Open Interest has fallen sharply from prior highs, signaling a broad deleveraging phase.
“The recent drop in price was accompanied by falling OI, suggesting that liquidations and derivatives-driven unwinds — rather than aggressive spot selling — played a major role in the decline. This type of reset can stabilize the market, but it does not automatically signal renewed structural demand,” XWIN Research Japan wrote.
At the same time, Binance’s Fund Flow Ratio remains low at around 0.012. Since this metric tracks BTC inflows relative to total exchange holdings, a low reading suggests limited immediate sell pressure.
The analysis added that during the drop toward the mid-$60,000 range, the ratio did not spike. This suggested there was no panic-driven spot selling.
However, XWIN Research Japan noted that weak inflows do not imply strong accumulation. The medium-term trend of the Fund Flow Ratio’s moving averages is trending downward. It indicates that structural demand has not yet shifted upward.
“When leverage remains suppressed, upward price moves can easily trigger short squeezes. In that case, the rally is driven more by position unwinding than by expanding structural demand,” the post read.
Analyst Darkfost also stressed that an increase in spot trading volume will be necessary for any bullish recovery or solid market bottom to develop.
Gold (XAU) and silver (XAG) futures have climbed into the top five by trading volume on Binance Futures.
Binance Metal Rush Doesn’t Leave Crypto Behind Just weeks after Binance rolled out gold and silver perpetual futures settled in USDT, the cumulative volume across the metals contracts already reached the tens of billions of dollars, a CryptoQuant report from yesterday claims.
However, CryptoQuant’s analyst Marteen assures that Binance is still overwhelmingly crypto‑native. Bitcoin leads the futures volume around the low‑$20‑billion range with Ethereum following behind at $18.1B and Solana at a distant third at $3.0B. But the metals’ rise into the top bucket shows non‑crypto assets are no longer a sideshow. Gold is already in 4th place at $2.15B, and silver is right behind it at $1.98B.
Marteen’s conclusion is simple. Binance still leans heavily toward crypto, but it has outgrown being a pure crypto venue. Commodities have soaked up liquidity at speed, and equity‑linked products are now starting to see meaningful flow as well.
[Binance] – Snapshot Futures Volume – April 1st, 2026. Source: CryptoQuant. Binance Joins The Oil Rush Too According to WuBlockchain, Binance’s new “TradFi” futures suite (gold, silver and stock‑linked products) has rapidly captured a meaningful share of overall derivatives activity on the platform.
On April 2, the first full trading day after launch on Binance, USDⓈ-margined perpetual contracts for crude oil assets CL and BZ recorded trading volumes of $760 million and $358 million respectively, ranking third and fourth among Binance TradFi perpetual products. Meanwhile,… pic.twitter.com/PoROHzQsur
— Wu Blockchain (@WuBlockchain) April 3, 2026
Crude oil benchmarks CL and BZ posted volumes of $760 million and $358 million dollars respectively, placing them third and fourth among Binance’s traditional‑finance perpetual products.
Daily Volume by Symbol. Binance TradFi-USDT Perp. Source: WuBlockchain. Trading activity, however, remains dominated by gold (XAU) and silver (XAG), which together generated $5.58 billion in daily volume, makin up more than 70% of the total.
Are Crypto Venues Morphing Into Multi‑Asset Trading Hubs? Let’s keep in mind that Binance is not the only crypto venue experiencing such a dramatic shift. In recent weeks, Hyperliquid has been under the spotlight for many reasons, but one of the main ones is that the leading perp DEX’s combined HIP-3 (oil, gold and silver) open interest reached all-time highs. The platform is now trading more volume in tokenized commodities than digital assets. Just yesterday, NewsBTC reported that tokenized Brent oil futures on Hyperliquid generated about $46.6 million in liquidations in 24 hours, making oil the third‑most liquidated asset on the decentralized exchange.
Gold Perpetual Contracts on Binance right now, showing the performance. They are trading for almost $4.7k Source: XAUUSDT.P on Tradingview. Gold and silver have been ripping on the back of inflation worries, rate‑cut bets and geopolitical stress. Binance is joining the 24/7 RWA’s trading hub bandwagon by effectively letting traders express those macro views with high leverage and stablecoin collateral, instead of using legacy commodity exchanges.
Gold and silver breaking into the top five on Binance Futures is a signal that the line between crypto and TradFi markets is dissolving, with liquidity, speculation and hedging all moving onto the same rails.
A portion of derivatives capital rotating into metals and stock‑linked contracts can thin order books and amplify volatility in smaller altcoins during risk‑off episodes.
Silver Perpetual Contracts on Binance right now, showing the performance and technicals. They are trading for almost $73. Source: XAGUSDT.P on Tradingview. Sophisticated players might use metals futures on Binance as a hedge against crypto drawdowns. Correlation regimes between BTC and gold (as the one between oil and Bitcoin explained by NewsBTC yesterday) could shift as both trade on the same venue. Ignoring this new macro layer on Binance’s futures board could mean missing an important signal about where “smart” derivatives flow is going.
At the moment of writing, BTC trades for almost $67k on the daily chart. Source: BTCUSD on Tradingview. Cover image from Perplexity. All charts from Tradingview.
PANews reported on April 14th that, according to SoSoValue data, rising expectations of a US-Iran agreement have restored market confidence, leading to widespread gains in the crypto market. The DeFi sector performed particularly well, rising 5.00% in the last 24 hours. Hyperliquid (HYPE) rose 7.06%, while Lido DAO (LDO) and Aave (AAVE) rose 9.94% and 10.75% respectively. Meanwhile, Bitcoin (BTC) rose 4.51%, surpassing $74,000, and Ethereum (ETH) rose 7.56%, surpassing $2,300.
In other sectors, the RWA sector rose 4.05% in the last 24 hours, with Plume (PLUME) surging 13.92% within the sector; the CeFi sector rose 2.78%, with NEXO (NEXO) rising 3.79%; the Layer 1 sector rose 2.76%, with Algorand (ALGO) rising 8.11%; the Layer 2 sector rose 2.75%, with Optimism (OP) rising 6.90%; the PayFi sector rose 2.59%, with Telcoin (TEL) rising 12.07%; and the Meme sector rose 1.85%, with Binance Life rising 13.20%.
SpaceX is set to debut on Nasdaq under the ticker SPCX as early as June 12, 2026, after filing its S-1 with the SEC on May 20. Elon Musk has agreed to lock 100% of his shares for 366 days.
The arrangement has redrawn how crypto venues price the company before listing. Hyperliquid, Binance, OKX, Bitget, and BingX each run synthetic SPCX perpetuals while accredited investors access real shares through Forge Global and EquityZen at a $1.75 trillion valuation.
Six Investor Questions on the SpaceX IPO MechanicsThe following are some of the questions and answers investors must have, even as Elon Musk locks up 100% of his SpaceX holdings for a year.
JUST IN: Elon Musk locks up 100% of his SpaceX $SPCX holdings for 366 days
— Gemini (@Gemini) June 2, 2026 Follow us on X to get the latest news as it happens
1. Can retail investors actually buy SpaceX shares before the IPO, or only synthetic exposure?Direct ownership remains off the table for anyone outside the cap structure.
Synthetic perpetuals listed on Hyperliquid, Binance, Bitget, OKX, and BingX simply mirror an implied valuation through derivative contracts and confer no shareholder rights.
Secondary platforms such as Forge Global and EquityZen require accredited or qualified institutional status, locking out smaller buyers.
Crypto perpetual contracts therefore stand as the sole entry point for non-accredited traders looking to position around crypto markets pricing SpaceX ahead of June 12.
2. How do crypto perpetual markets like SPCX-USDC price SpaceX without a public listing?Pricing flows from a constructed oracle rather than a live exchange feed, because no public market for SPCX exists yet.
The oracle blends comparables from recent private tender offers, mention-weighted public-company proxies, and likely midpoints from Polymarket and Kalshi prediction markets.
Funding payments then nudge the contract back toward the anchor whenever traders push it too far in either direction.
The setup leaves SPCX-USDC more vulnerable to oracle disputes and forced unwinds than a typical listed instrument.
3. What happens to pre-IPO derivatives and tokenized products after the Nasdaq debut?Once SPCX prints on Nasdaq, deployers will either retire the pre-IPO contracts or migrate them to perpetuals tied to the live share price.
The Hyperliquid HIP-3 upgrade gives Trade.xyz the flexibility to convert or sunset the market entirely. Bitget, OKX, and BingX have stayed silent on what comes next for their pre-IPO products.
Tokenized SpaceX shares from Ondo, Backed Finance, and Dinari are queued for release within hours of the bell, creating a parallel 24/7 access layer.
250+ assets. 20+ sectors. 24/7 access.
The world's largest tokenized stock platform covers a wide range of assets across:
✅ AI
✅ EV
✅ Tech
✅ Space
✅ Telecom
✅ Defense
✅ Financial
✅ Industrial
✅ Quantum
✅ Consumer
✅ Commodities
✅ Fixed Income
✅ Cybersecurity
✅… pic.twitter.com/g4YjWzHQNL
— Ondo Finance (@OndoFinance) April 3, 2026 4. Is SpaceX’s reported Bitcoin treasury figure fully verified or partly based on tagged wallets?The S-1 filed with the SEC on May 20, 2026, is the controlling source, and that document records 18,712 Bitcoin (BTC) on SpaceX’s balance sheet.
SpaceX Bitcoin Holdings Listed on S-1 FilingArkham Intelligence has publicly identified only 8,285 BTC tied to labeled SpaceX Bitcoin treasury holdings through April 2026, leaving a substantial portion unlabeled.
Analysts attribute the shortfall to corporate addresses that have not yet been mapped on-chain.
“Elon’s SpaceX holding 18,712 BTC isn’t the real story. The real deal is that on-chain trackers only saw the tip of the iceberg. Arkham Intelligence had it pegged SpaceX Bitcoin holdings at ~8,000–8,285 BTC. So… how much Bitcoin are public companies actually hiding?” a popular user on X posed.
SpaceX values the position at $1.293 billion, against an acquisition cost of $661 million, with an embedded gain of nearly $632 million.
5. Why did Hyperliquid gain a first-mover advantage over centralized exchanges in SPCX trading?The HIP-3 standard allows independent deployers to spin up perpetual venues without waiting for a centralized listing review, thereby dramatically compressing the launch cycle.
CEX rivals must clear internal compliance and risk processes that typically take weeks.
Hyperliquid captured the resulting head start in volume, clearing $33 million on launch day on May 18 as the contract briefly hit $216 before resetting near $203.
The largest IPO in history prices in three weeks.
Five crypto platforms are already trading it and none of them are selling the same thing.
Here's a detailed walk-through 👇@HyperliquidX: Trade[.]xyz (SPCX-USDC)
Pure synthetic perpetual without SpaceX shares involved.… pic.twitter.com/3LTzDOC3rQ
— Onur 🍌🦍 (@0xc06) May 22, 2026 Trade.xyz, the deploying entity, is part of Hyperliquid’s tokenization arm, Hyperunit.
6. How should investors separate real IPO mechanics from speculative trading narratives?The cleanest split is to anchor every fact against the SEC filing and treat everything outside it as market interpretation.
The S-1 sets the legally binding inputs, including the 366-day Musk lock-up, the staggered 180-day terms for other shareholders, the 5% friends-and-family carve-out, and the 18,712 BTC treasury.
Synthetic perpetual prices, oracle constructions, and tokenized wrapper roadmaps sit in the second category and can move on sentiment alone.
Pegging positions to the filing first, then layering venue-specific risks on top, keeps trading narratives from contaminating the underlying valuation thesis.
The Bottom Line on the SpaceX IPOThe 366-day Musk lock-up cuts back near-term insider selling pressure. Other shareholders face staggered 180-day restrictions with early release triggers tied to earnings reports and share price performance above the IPO price.
The S-1 carves out roughly 5% of shares for employees and a friends-and-family pool with no lock-up.
For institutions weighing how to invest in SpaceX pre-IPO, the gulf between synthetic exposure and real equity stays wide until shares trade.
Musk retains roughly 85.1% of voting power through dual-class stock, keeping control concentrated even after listing.
Whether the constructed oracle pricing on crypto venues converges with the Nasdaq print after June 12 will be the cleanest test of how well these markets handled price discovery for a $1.75 trillion company.
Read also: SpaceX Wins $2.29 Billion US Space Contract, and 10 Assets Can Benefit 5 Ways Crypto Markets Are Pricing SpaceX Before Wall Street Can 10 Surprising Facts About Elon Musk’s $1 Trillion SpaceX IPO 3 Space Stocks To Watch Amid Elon Musk’s SpaceX IPO Hype Space-Themed ETFs are Flooding Wall Street Before Elon Musk’s SpaceX IPO
Global cryptocurrency markets have displayed robust bullishness following crypto backer Donald Trump’s inauguration. However, one thing that is attracting attention is the recent activity of some investors in the market.
Trader hordes Illuvium and Hyperliquid Data shared by Onchain Lens today showed that a trader sold 10,000 Illuvium tokens for 93 WETH worth $306,435. Based on this transaction, the trader bought 93 WETH at an average price of $3,295.80 for each token.
The trader later bridged the 93 WETH coins for $300,000 USDC, a transaction that enabled him to earn an incredible profit of $6,435. According to data, the trader later sent $299,000 USDC to the Hyperliquid trading platform and purchased 13,768.6 HYPE at an average price of $21.77. Currently, the trader holds 25,000 Illuvium coins worth $813,000.
This is a significant transaction in the digital asset market, as the trader made a bold move, intending to optimize gains from the price fluctuations of WETH, Illuvium (ILV), and Hyperliquid (HYPE).
Fortunately, this transaction resulted in a remarkable profit of $6,435 while the trader still holds significant amounts of tokens including Illuvium and Hyperliquid. This is a good example of profit-making in the volatile crypto market.
These huge holdings of Illuvium and Hyperliquid by the trader highlight a strategic move to take advantage of a potential price rise. Experts believe that the digital asset market could witness a substantial rise after the day Trump was sworn in as the US President.
ILV and HYPE price updates Today, Jan.21, Bitcoin and other digital assets experienced a mild slump, as bullish investor sentiment surrounding virtual currencies slowed down after Trump’s swearing-in.
Illuvium is currently down 3.5%, trading at $33.52. Its price has been down 7.90% in the last seven days. Also, its trading volume is down 13.70%, signaling a recent drop in market activity.
Hyperliquid has also been struggling to maintain its uptrends. Although it has been up 0.80% in the last seven days, it is underperforming the global digital asset market which is up 6.30% currently. Its trading volume is currently down 54.10%, highlighting decreased participation from investors and traders.
The action by the trader indicates that whales are seizing the opportunity presented by low prices to accumulate assets with growth potential. Large investors are normally smart at market timing, purchasing and selling at the right moments.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
On May 24, multiple key crypto institutions are based at the 1155 F Street building in Washington, D.C. Notable tenants include Coinbase, DCG, the Blockchain Association, and Injective on the third floor, while the 10th floor houses the Solana Policy Research Institute, Hyperliquid Policy Center, and the DeFi Education Fund. Additionally, venture capital giant Paradigm is also moving into the facility. According to reports, the building has seen visits from White House officials, Capitol Hill staffers, state lawmakers, and congressional candidates seeking crypto policy support. All in all, 1155 F Street has emerged as the de facto "lobbying command center" for the U.S. cryptocurrency industry.
Relevant content
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
4 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
4 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
4 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
4 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
Hyperliquid Strategies is taking a major step to strengthen its presence in the decentralized finance (DeFi) ecosystem. The firm plans to raise up to $1 billion to expand its holdings of the Hyperliquid (HYPE) token, which powers the world’s largest decentralized derivatives platform.
In brief Hyperliquid Strategies to raise $1B via 160M share offering advised by Chardan Capital Markets. Funds will expand HYPE token holdings and support general corporate initiatives post-merger. HYPE token surged 10% to $39.73, outperforming a declining crypto market amid mixed technicals. Hyperliquid leads DeFi perps with $317.6B in October volume, capturing a 70% market share. According to Wednesday’s S-1 registration filing, Hyperliquid Strategies intends to issue up to 160 million shares of common stock. The proceeds will be used primarily to purchase additional HYPE tokens and for general corporate purposes. Chardan Capital Markets will serve as the financial advisor for the offering.
The company is emerging from a merger between Nasdaq-listed biotech firm Sonnet BioTherapeutics and Rorschach I LLC, a special purpose acquisition company (SPAC). Once the merger is finalized, David Schamis will serve as CEO, while Bob Diamond, former CEO of Barclays, will take on the role of chairman.
Treasury Play Pushes HYPE Higher Amid Mixed Technicals Unsurprisingly, news of the filing triggered a surge of more than 10% in the HYPE token, which climbed to $39.73. Interestingly, this rally came even as the broader crypto market slipped 0.6% during the same period.
Despite the sharp uptick, underlying market data paint a more cautious picture:
Market Sentiment: Hyperliquid’s price outlook remains bearish, reflecting investor caution. Investor Mood: The Fear & Greed Index stands at 27 (“Fear”), signaling weak market confidence. Performance Metrics: The token recorded 13 green days out of 30 (43%), suggesting limited short-term strength. Token Supply: Only 34% of the total HYPE supply is in circulation, pointing to limited liquidity. Technical Indicator: Despite subdued sentiment, HYPE continues to trade above its 200-day simple moving average, indicating that long-term support remains intact. Once the merger is complete, Hyperliquid Strategies is expected to hold 12.6 million HYPE tokens valued at roughly $470 million, along with $305 million in cash earmarked for additional token purchases.
This position would make Hyperliquid Strategies the largest corporate holder of HYPE, underscoring its alignment with the Hyperliquid network—a platform anchoring one of the most active decentralized derivatives exchanges globally.
Hyperliquid Outpaces Competitors as October Perpetual Volumes Hit $1 Trillion While such treasury-driven strategies can boost share prices in the short term, analysts have questioned their resilience during altcoin market downturns. Even so, Hyperliquid’s core fundamentals remain strong, supported by high trading activity and growing user engagement.
The platform leads the market in perpetual futures (“perps”), derivatives that enable 24/7 trading and leveraged exposure to digital assets.
Here are some key market data to note:
Decentralized perpetual trading volumes surpassed $1 trillion in the first 23 days of October, breaking September’s $772 billion record, according to DeFiLlama. Hyperliquid maintained its lead with $317.6 billion in trading volume during the same period. Competitors: Lighter recorded $255.4 billion, Aster $177.6 billion, and edgeX $60.6 billion. Market Share: Hyperliquid now commands an estimated 70% share of the decentralized perpetuals market, reinforcing its dominance in the sector. Hyperliquid continues to set new benchmarks in DeFi, reporting $248 billion in 24-hour trading volume in May 2025 and a record $106 million in revenue in August—further solidifying its leadership in decentralized derivatives.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
As of January 29th, DefiLlama data shows trading volumes across major perpetual DEXs have all climbed, with Aster’s volume surging over 70% to claim the second spot. Hyperliquid retains its top position, as its trading volume and Total Value Locked (TVL) have risen in tandem. Hyperliquid’s open interest remains at a relatively high level following yesterday’s uptick, and the volume surge may largely stem from passive position unwinding tied to market volatility over the past 24 hours. Below is the current 24-hour trading volume, TVL, and open interest for key Perpetual Protocol-based DEXs: - Hyperliquid: ~$9.26B volume, ~$4.59B TVL, ~$8.68B open interest - Aster: ~$4.26B volume, ~$1.21B TVL, ~$2.54B open interest - Lighter: ~$3.97B volume, ~$0.982B TVL, ~$1.36B open interest - EdgeX: ~$3.08B volume, ~$240M TVL, ~$1.05B open interest - Graviton (Grvt): ~$2.24B volume, ~$96.37M TVL, ~$527M open interest - Extended Protocol: ~$1.87B volume, ~$2.09B TVL, ~$3.79B open interest - Pacifica: ~$0.905B volume, ~$43.15M TVL, ~$82.50M open interest
Relevant content
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
1 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
1 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
1 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
1 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
1 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
4 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
4 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
4 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
4 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
4 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
PANews reported on April 3rd that, according to data and analysis from The Block, Hyperliquid's market share in the perpetual contract market has climbed to nearly 6%, a significant increase from approximately 3.5% a year ago, with monthly trading volume approaching $200 billion. This growth occurred during a period when overall exchange trading volume has declined from its peak in August 2025, indicating that Hyperliquid is truly capturing market share. On-chain competitors such as dYdX and GMX have not yet reached Hyperliquid's level in terms of trading volume growth or product expansion. Hyperliquid's expansion into non-crypto assets such as oil is a significant part of its growth, and its 24/7 trading model eliminates the gap risk caused by traditional market opening time restrictions. If decentralized perpetual contract platforms can continue to expand liquidity and asset coverage, their reach will extend far beyond native crypto trading volume, reaching the multi-trillion-dollar traditional derivatives market.
PANews reported on April 8th that, according to The Block , Hyperliquid , a decentralized perpetual contract trading platform, saw its share of global perpetual contract trading volume rise to nearly 6% in March , a significant increase from approximately 3.5% a year ago, with monthly trading volume approaching $ 20 billion. The report states that even with the overall decline in exchange trading volume since August 2025 , Hyperliquid's share has continued to rise, indicating its acquisition of real market share from centralized exchanges. Compared to other decentralized platforms such as dYdX and GMX , Hyperliquid is leading in both trading volume growth and product expansion. The platform has expanded to non-crypto assets, including 24/7 commodities such as crude oil, and the proportion of related transactions in overall trading volume is constantly increasing, seen as an early sign of decentralized derivatives platforms entering the traditional multi-trillion-dollar derivatives market.
[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, May 21st, 2026]
NOW Wallet, a non-custodial crypto wallet focused on security, multi-chain access, and seamless DeFi experience, now has direct access to perpetual futures and prediction markets built into the app. That means platforms like Hyperliquid, Aster, Lighter, GMX, and dYdX for perps trading, and Polymarket and PancakeSwap for prediction markets — all accessible without leaving the wallet.
Perps and prediction markets
Perpetual futures (“perps”) allow users to take positions on cryptocurrency price movements without holding the underlying asset. These instruments support features such as leverage, short positioning, and continuous trading, which have contributed to their widespread use in digital asset markets.
Prediction markets operate on a different model. Rather than tracking asset prices, they reflect the perceived likelihood of specific outcomes. Participants take positions on whether an event will occur, such as a cryptocurrency reaching a certain price level, a macroeconomic development, or other predefined scenarios. Market prices adjust as expectations change, and positions are resolved once the outcome is determined.
Both segments have expanded within decentralized finance (DeFi) in recent years.
Bring this into the wallet
Until now, accessing advanced DeFi trading tools meant a fragmented workflow — separate accounts on separate platforms, funds split across multiple places, constant switching between apps and browser tabs. It worked, but it wasn’t clean.
This update brings that access into one place. Users can connect to supported protocols directly through their wallet, fund trading balances, sign transactions, and manage positions — all while keeping self-custody of their assets. No centralised exchange accounts required.
The aim is straightforward: make on-chain trading more direct, less fragmented, and actually usable on mobile.
Part of a broader shift in crypto UX
Wallets started as storage tools. That’s changing. As more users engage with swaps, staking, trading, and prediction markets at the same time, the expectation has shifted — a wallet should be the access layer for all of it, not just a place to park funds between sessions.
Adding perps and prediction markets is part of that direction for NOW Wallet.
About NOW Wallet
NOW Wallet is a non-custodial multi-chain crypto wallet supporting storage, swaps, staking, fiat purchases, and dApp access across 70+ blockchain networks.
The feature is available now in the latest version of NOW Wallet.
Users can download NOW Wallet: https://walletnow.app/
On February 6, according to the Coinbob Popular Address Monitor, the "Strategy Whales" address liquidated long positions across multiple tokens totaling approximately $175 million this morning, incurring a total loss of $31.13 million. This loss pushed its account balance from tens of millions of dollars to less than $6 million. Subsequently, the address transferred roughly $8.29 million to Hyperliquid to replenish margin and maintain account operations. Its total account balance has now recovered to around $12.9 million. Details of the liquidated positions are as follows: - Pre-liquidation ETH long position: ~$105 million; Liquidation price: $1,933; Loss: $17.83 million - Pre-liquidation BTC long position: ~$41.52 million; Liquidation price: $65,700; Loss: $6.3 million - Pre-liquidation SOL long position: ~$15.44 million; Liquidation price: $82; Loss: $3.57 million - Pre-liquidation XRP long position: ~$13.88 million; Liquidation price: $1.25; Loss: $3.43 million The address began accumulating positions in December last year with an initial account size of ~$20 million, later gradually adding short positions on major tokens like BTC and ETH. Since its trading direction was opposite to MicroStrategy’s ongoing BTC purchases, the market views this address as a clear "on-chain opponent" to the publicly traded firm. It frequently switches trading directions and has held positions valued at billions of dollars.
Relevant content
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
15 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
15 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
15 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
15 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
15 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
As of April 20th, per HyperInsight monitoring (https://t.me/HyperInsight): - The closest BTC whale to liquidation on Hyperliquid is address 0xec3, holding a 40x leveraged long position worth $10.04 million. Key details: average entry price $74,628, liquidation price $72,776, opened 4 days ago. - In the past 5 hours, this address placed a new market stop-loss order at $73,869, targeting a partial $2.37 million stop-loss (below its liquidation price). - The closest multi-million-dollar short whale near liquidation is the "Strategy Counterparty," holding a 40x leveraged BTC short position. Details: average entry $76,290, liquidation price $76,402, current unrealized profit $700,000 (106%). Most of the profit was used for repositioning today.
Relevant content
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
15 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
15 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
15 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
15 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
15 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
As of May 26, Hyperinsight Monitoring (via Telegram channel @HyperInsight) reports that the ZEC/BTC trading pair has just hit a new all-time high (ATH). The rate first surged to a peak on May 20, then climbed further to reach a new record of 0.00895 on May 23. During this rally, two major whales on the Hyperliquid exchange opened fully opposing directional "ZEC/BTC" combination positions—each exceeding $70 million in size, and now acting as direct counterparties in the trade: 1. **BTC OG Insider Whale** (position opened May 22): - BTC Long (5x leverage): $38.6 million position size - ZEC Short (3x leverage): $34.6 million position size - Bet: Bitcoin will outperform Zcash (meaning the ZEC/BTC rate will decrease) - Current net profit: +$920,000 2. **Trader Evaded** (position opened May 24): - BTC Short (40x leverage): $40.2 million position size - ZEC Long (5x leverage): $32.2 million position size - Bet: Zcash will outperform Bitcoin (meaning the ZEC/BTC rate will rise) - Current net loss: -$2.55 million Following its May 23 peak, the ZEC/BTC rate immediately reversed, dropping 7.76% in roughly 24 hours and now trading at 0.00788. The early-positioned "BTC OG Insider Whale" locked in profits by anticipating the market move, while the later-entry "Trader Evaded" took a position directly against the rate’s peak and is currently facing significant pressure. Associated wallet addresses: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9 0x86523927bffeafe2e532f0218feb1f3c29f6120d HyperInsight Bot is now live. To auto-sync on-chain data, add @HyperInsightBot to your Telegram group, set it as admin, and enable message-sending permissions.
Relevant content
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
15 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
15 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
15 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
15 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
15 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
7 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
7 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
7 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
7 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
7 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
They were thought fit for the digital museum, stored away in the drawers of the 2021 bull market. Yet, NFTs haven’t said their last word. After months of lethargy, the market is regaining color and even surprising crypto players. Better still, they have just overtaken DeFi in number of active users, reversing a well-established trend. Behind this rebound are diverse uses and a strategy that appeals as much to brands as to seasoned investors.
In Brief NFTs recorded $530M in July, with an average price doubled to $105. DeFi reached a record $270B in total value locked, despite fewer users. Brands like Nike and Rolex explore NFTs for authentication and marketing. Hacks cost $132M in July, highlighting the ongoing fragility of the Web3 ecosystem. NFTs Lead the Dance, DeFi Holds the Cash In July, DeFi achieved a feat: $270 billion in total value locked (TVL), a historic record. But this financial triumph masks an unexpected reality: in terms of users, NFTs have taken the lead. 3.85 million daily active wallets interacted with NFT dapps, slightly more than DeFi, out of a total 22 million.
Industry dominance by UAW in the Dapp ecosystem – Source: Dapp Radar The explanation partly lies in the hegemony of Blur, capturing up to 80% of ETH volume, attracting professional traders and loan enthusiasts through its Blend protocol. OpenSea, on the other hand, remains the leader in daily active users (27,000 traders) thanks to a multichain and diversified offering. Zora attracts creators with a low-cost mint via its Layer 2 solution and its $ZORA token.
As DappRadar notes:
NFT trading volumes surged by 96%, propelling the sector ahead of DeFi in user numbers.
NFT: From Speculative Boom to the Era of Utility July figures speak: +96% trading volume ($530 million) compared to June, but -4% in transactions. Result: an average price doubled, rising from $52 to $105.
Blue-chip collections, like CryptoPunks (+25% in one month), drive this rebound: 9 of the 10 biggest NFT sales in 24 hours were Punks. Brands are not staying behind. Nike teams with EA Sports to launch virtual sneakers, Louis Vuitton and Rolex explore blockchain authentication, while Coca-Cola China tests digital collectibles.
NFT Trading Volume and Number of Sales Use cases are expanding: digital identity, event ticketing, gaming, tokenization of real assets. According to DappRadar:
NFTs are evolving from a simple trend to utility, shifting from collectibles and culture to identity, ticketing, gaming, and tokenization of real assets.
This shift towards utility marks a strategic change: fewer impulse buys, more integration into digital services.
A Web3 in Permanent Recomposition In the crypto ecosystem, the sector hierarchy changes fast. In July, gaming represented 22.4% of dapp activity, ahead of AI (18.7%) and NFTs (17.5%). DeFi, although declining in users, remains essential for capital: ETH surged 60% in a month – Ethereum’s crypto recently crossed the $4,000 mark -, and staking rewards reached 29.4% APY.
On Solana, Hyperliquid generated 35% of blockchain revenues, managing 60% of daily perpetual volume and $5.1 billion bridged in USDC. But not everything is rosy: exploits and hacks cost $132 million in July, a +16% increase from June.
Figures that redraw the Web3 ecosystem:
$270B: DeFi TVL record as of July 28; $530M: NFT volume in July, +96% month-over-month; 3.85M: daily active wallets on NFT dapps; $132M: losses due to exploits in July. Facing this picture, regulation advances: in the United States, the GENIUS Act and the CLARITY Act pave the way for smoother integration between decentralized and traditional finance. “Project Crypto”, presented by the SEC, even plans specific standards for DeFi.
NFTs are no longer just a trend: they are establishing themselves as a lever for transformation in the crypto universe. By diversifying their uses, they are creating new bridges between digital assets and traditional markets. A dynamic that could, in the long term, profoundly change how exchanges and trading are organized in Web3.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The crypto market will welcome tokens worth more than $566 million in the final week of November 2025. Several major projects, including Hyperliquid (HYPE), Plasma (XPL), and Jupiter (JUP), will release significant new token supplies.
These unlocks might lead to market volatility and influence price movements in the short term. Here’s a breakdown of what to watch for each project.
1. Hyperliquid (HYPE) Unlock Date: November 29 Number of Tokens to be Unlocked: 9.92 million HYPE (0.992% of Total Supply) Current Circulating Supply: 270.77 million HYPE Total supply: 1 billion HYPE Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and also sub-second transaction finality.
On November 29, the project will release 9.92 million tokens valued at approximately $327.35 million. This accounts for 2.66% of the current released supply.
HYPE Crypto Token Unlock in November. Source: TokenomistHyperliquid will distribute all the unlocked tokens among core contributors.
2. Plasma (XPL) Unlock Date: November 25 Number of Tokens to be Unlocked: 88.89 million XPL (0.89% of Total Supply) Current Circulating Supply: 1.88 billion XPL Total supply: 10 billion XPL Plasma is a Layer 1 blockchain platform built to enhance the efficiency and scalability of stablecoin transactions. It enables zero-fee USDT transfers, allows the use of custom gas tokens, supports confidential payments, and delivers the throughput required for global-scale adoption.
Plasma will unlock 88.89 million XPL on November 25. The tokens are worth $17.53 million. Moreover, they account for 4.74% of the current circulating supply.
XPL Crypto Token Unlock in November. Source: TokenomistThe team will direct all of the 88.89 million XPL to the ecosystem and growth.
3. Jupiter (JUP) Unlock Date: November 28 Number of Tokens to be Unlocked: 53.47 million JUP (0.53% of Total Supply) Current Circulating Supply: 3.2 billion JUP Total supply: 10 billion JUP Jupiter is a decentralized liquidity aggregator on the Solana (SOL) blockchain. It optimizes trade routes across multiple decentralized exchanges (DEXs) to provide users with the best prices for token swaps with minimal slippage.
On November 28, Jupiter will unlock 53.47 million JUP tokens. The supply is worth approximately $12.83 million, representing 1.69% of its circulating supply. Furthermore, this unlock follows a monthly cliff vesting schedule.
JUP Crypto Token Unlock in November. Source: TokenomistJupiter has allocated the tokens primarily to the team, who will get 38.89 million JUP. Furthermore, Mercurial stakeholders will receive 14.58 million JUP altcoins.
In addition to these, other prominent unlocks that investors can look out for in the final week of November include Artificial Superintelligence Alliance (FET), Aerodrome Finance (AERO), IOTA (IOTA), and various altcoins, contributing to the overall market-wide releases.
The altcoin market is making its move. NEAR Protocol has surged over 72% in a single week, acting as the tip of the spear for the broader altcoin rotation. Hyperliquid just shattered its all-time high at $64, powered by over $1.16 billion in accumulated protocol buybacks. Capital is consolidating into assets with mechanical reasons to rise, and the momentum is undeniable.
But while the headlines belong to established names, the smartest money in crypto has always been made one step earlier, in the presale window, before the crowd arrives.
BlockDAG’s Turbo is that window right now. A fixed 50B supply. A 90-day presale across ten rounds. A burn engine running every single week. Casino utility, staking, VIP access, and NFT mechanics are already in motion. And a top crypto presale entry at $0.0005 that could look like generational value once exchange listings begin. This is where 7,900% is born.
Turbo’s Supply Shock Is Already in Motion: The Top Crypto Presale Now Table of Contents
Turbo’s Supply Shock Is Already in Motion: The Top Crypto Presale NowNEAR’s 72% Surge Is Real, And The Momentum Data Backs It UpAfter The HYPE All-Time High: Momentum Meets Its Biggest TestWhy TURBO Token Could Be The Next Breakout Star The math behind Turbo is simple, brutal, and powerful. 50,000,000,000 tokens minted at genesis. Not one more. Ever. From that fixed ceiling, the burn engine immediately starts cutting downward, with a long-term target of halving total supply to 25 billion through sustained weekly Foundation burns. Every week, 90% of Foundation burn activity goes to a permanent burn wallet, transaction hash published, verifiable on the BlockDAG Explorer by anyone. The supply shrinks. Every single week. Automatically.
Layer demand on top of that shrinking supply. Turbo has casino and gaming utility driving high-frequency transactions, staking mechanics reducing active circulation, VIP tiers incentivising accumulation, NFT access layers creating additional demand sinks, and a weekly prize pool rewarding holders simply for staying in the ecosystem. Every mechanism is a reason to hold, accumulate, and not sell.
This is precisely the dynamic that made Bitcoin’s halving cycles legendary. Demand grows. Supply shrinks. The price does what supply and demand always do when they move in opposite directions. Early NEAR participants who positioned before this week’s 72% move understood the momentum before the crowd did. Early HYPE holders who got in before the $1.16 billion buyback engine became common knowledge are sitting on life-changing returns. Turbo sits at that exact inflection point, a top crypto presale with a deflationary engine already running and exchange listings not yet arrived.
That last point is everything. The 90-day ten-round Access Round structure means every closing round removes supply from public allocation permanently. Once exchange listings begin and buyers who missed the presale start bidding, the ground floor is mathematically gone. This is still a top crypto presale. That changes soon.
NEAR’s 72% Surge Is Real, And The Momentum Data Backs It Up NEAR Protocol isn’t running on noise. Financial analysts tracking the current altcoin rotation note that liquidity is fragmenting heavily across the market, but traders are consolidating capital specifically into NEAR because it is showing sustained, multi-timeframe momentum rather than a single short-lived pump. That distinction separates assets that keep moving from ones that spike and fade.
Currently acting as the market’s leading altcoin indicator, NEAR’s move has enough technical confirmation across multiple timeframes to attract capital that stays rather than capital that trades. The Altcoin Season Index remains suppressed between 30 and 40, Bitcoin dominance sits at 58–60%, and yet NEAR is outperforming everything in its path. In a stock-picker’s market, that kind of selective strength is exactly what institutional desks look for when rotating out of BTC exposure.
The honest assessment for anyone asking whether NEAR is still the best crypto to buy right now: the momentum is real, the volume is real, and the rotation thesis holds. But 72% in a week means the easy entry is behind you.
After The HYPE All-Time High: Momentum Meets Its Biggest Test The HYPE all-time high of $64 didn’t happen because of social media speculation. Hyperliquid routes the vast majority of its trading fees into its Assistance Fund, which uses that capital to buy back HYPE from the open market continuously. Cumulative buybacks have topped $1.16 billion since launch. The price action follows the mechanics, always.
The platform is expanding aggressively. The SpaceX synthetic pre-IPO derivative (SPCX-USDC) launched last week, allowing retail traders to access implied SpaceX share price exposure permissionlessly without a traditional brokerage. That kind of product innovation keeps Hyperliquid in the best crypto to buy conversation regardless of short-term volatility.
But the immediate risk is real. RSI is pushing into overbought territory and a 7.88 million HYPE token unlock worth roughly $500 million is arriving this week. The market is split on whether Hyperliquid’s spot demand can absorb it cleanly or whether a sharp pullback is coming. Catching HYPE at all-time highs with $500 million in unlocking supply overhead is not a clean entry, it is a conviction test.
Why TURBO Token Could Be The Next Breakout Star NEAR’s 72% move and Hyperliquid’s relentless buyback engine are two of the most compelling stories in crypto right now, delivering serious returns for those who positioned early. But both have already moved significantly. NEAR’s upside is real but measured against an asset that just ran 72% in seven days. The HYPE all-time high just printed at $64 with a $500 million unlock imminent. The easy money in those trades belongs to whoever got in before this week.
Turbo is the trade that hasn’t happened yet, a deflationary top crypto presale with a burn engine running weekly, real utility live across gaming, staking, and VIP access, and a fixed 50B supply being permanently reduced before exchange listings arrive. Stage 1 sits at $0.0005 against a $0.04 projected listing price. The 7,900% window is open. It is also closing, round by round, burn by burn. Every week you wait, more supply is gone forever.
Join BDAG TURBO Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
22 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
22 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
22 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
22 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
22 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Wallet Pulls $2.93M in HYPE from GateA wallet linked to BitMEX co-founder Arthur Hayes (@CryptoHayes) withdrew $2.93 million worth of $HYPE from Gate exchange on June 23, according to on-chain analytics platform Lookonchain. The move marks the second time in two weeks the address has accumulated Hyperliquid's native token, with the two trades together generating a combined $508,000 in profit.
The wallet, identified by the address prefix 0xf7A4, has drawn consistent attention from on-chain analysts throughout 2026. As with all on-chain wallet attributions, the link to Hayes is based on analyst clustering methodology and has not been independently confirmed by Hayes himself.
A Pattern of HYPE Swing TradesThe latest buy is the most recent chapter in a busy stretch of activity tied to this address. Earlier reporting from Bitcoin.com News documented that the same wallet had deposited 115,453 HYPE worth $6.33 million into Bybit, a move later confirmed as a sale at an average of $54.81 per token. The wallet then withdrew 85,714 HYPE from Bybit at $62.69 per token, roughly three hours before that analysis was published, locking in a gain on the round trip.
Separately, in early June, Lookonchain flagged a $2.09 million HYPE withdrawal from Bybit tied to the same address. Hayes publicly denied that transaction, writing on X that he had not made the purchase. The denial came days after he disclosed exiting his entire HYPE position at prices above $72, citing macro concerns including rising energy costs and expected pressure from large AI IPOs.
Hyperliquid itself remains one of the stronger-performing assets in crypto this year. The platform operates a fully on-chain perpetual futures exchange and has cleared around $40 billion in weekly perp volume, according to CoinDesk. $HYPE hit an all-time high of $76.85 on June 16, 2026, per CoinMarketCap data, before pulling back toward current levels.
Whether the 0xf7A4 wallet represents Hayes personally or another party operating within the same cluster remains unverified. Traders will likely keep watching the address closely given its track record of well-timed entries and exits in HYPE.
Sources:
CoinDesk: Hyperliquid pulls back as Arthur Hayes exits position
Bitcoin.com News: Arthur Hayes HYPE wallet activity breakdown
CoinMarketCap: Hyperliquid (HYPE) price and market data
Despite a wider correction in the crypto market, some altcoins are surging this week, with SPX, WBT, and HYPE leading the charge among top gainers. SPX has jumped over 100% in the past 30 days, solidifying its role as a major meme coin.
WhiteBIT Token (WBT) hit a new all-time high above $38, showing strong momentum despite a broader market pullback. Meanwhile, HYPE continues to dominate the perpetuals market, trading near record highs as its market cap pushes it into the crypto top 10.
SPX6900 (SPX)SPX has been one of the standout performers among meme coins over the past month, with its price soaring nearly 102% in the last 30 days and another 28% just in the past week.
With a market cap of $1.34 billion and a 24-hour trading volume of $138 million, SPX has firmly established itself as a major player in the meme coin sector.
SPX Price Analysis. Source: TradingView.From a technical perspective, SPX’s EMA lines remain bullish, with short-term averages still above long-term ones—although the gap between them is starting to narrow.
This suggests some weakening in upward momentum, making the support level at $1.22 a key zone to watch. If that level breaks, price could retrace further toward $0.99 and potentially $0.90.
However, if bullish sentiment holds and volume picks up, SPX could retest and possibly break its resistance at $1.74, opening the door for another leg higher.
Whitebit Coin (WBT)WhiteBIT Coin (WBT) defied the broader market downturn to set a new all-time high above $38, making it the top-performing coin of the day.
With a 13% gain in the last 24 hours and nearly 23.5% over the past week, WBT has shown notable resilience and strong investor interest despite overall market weakness.
WBT Price Analysis. Source: TradingView.Looking ahead, if bullish pressure continues and market conditions stabilize, WBT could target the psychological levels at $40 and potentially $45.
However, short-term caution remains warranted, as the nearest support at $32.22 will be key to maintaining the current uptrend. A break below that level could trigger further downside toward $30.86.
Hyperliquid (HYPE)Hyperliquid’s native token, HYPE, has been trading near all-time highs over the past several days, currently hovering around $40 after briefly touching levels close to $44.
The token is up nearly 64% over the past 30 days, placing it among the top 10 cryptocurrencies by market cap when excluding stablecoins and wrapped assets. This surge reflects Hyperliquid’s dominance in the perpetuals trading space, with the protocol now capturing 76.9% market share—up from 63.7% in December 2024.
HYPE Price Analysis. Source: TradingView.From a technical standpoint, HYPE still shows strong bullish momentum, supported by its recent listing on Binance US and ongoing speculation around a potential Binance listing.
If the rally continues, the token could soon break above the $45 mark. However, if price starts to cool and the $38.2 support level is lost, a drop toward $32.63 becomes more likely.
Shekel announced a strategic partnership with Symphonyio to launch its V2 trading agents, marking a major upgrade to its agentic trading framework.
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We are pleased to announce a strategic partnership with @Symphonyio!
We have been quietly building V2 agents with Symphony's top tier team for the last few months and are excited to finally pull back the curtain and show what happens when you combine powerful execution rails… pic.twitter.com/RJJ9mdKh3Q
— Shekel (@Shekel_Agentic) October 30, 2025
The two teams have been developing the new version over the past several months, integrating Symphonyio’s execution rails with Shekel’s AI-driven agent infrastructure.
The result is a next-generation platform that allows users to create and deploy no-code perpetual trading agents capable of executing on major decentralized exchanges, including Hyperliquid and Gains Network. These agents are designed to optimize entries and funding rates across multiple markets while maintaining full customization.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
4 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
4 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
4 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
4 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
4 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
