Track market-moving stories before they get noisy

DTCC plans to demonstrate blockchain-based real-time stock trade settlement processes this week.

The Depository Trust & Clearing Corporation (DTCC) plans to demonstrate blockchain-powered real-time stock trading processes this Wednesday. Market participants believe this technology can streamline the clearing, settlement, and record-keeping workflows underlying Wall Street stock trades, boosting capital market operational efficiency. The test is viewed as a key step for traditional financial systems in exploring on-chain securities infrastructure. However, the project remains limited in scale during its initial phase. After years of research and development, DTCC—one of the largest U.S. securities clearing institutions—this demonstration is more of a verification exercise rather than a full-scale push to migrate the entire stock market to blockchain. Analysts note that while tokenized securities and on-chain settlement are seen as having the potential to reduce costs and enhance trading efficiency, migrating traditional financial infrastructure to blockchain still faces challenges including regulation, compliance, system compatibility, and coordination among market participants. Earlier, Joseph Spiro, DTCC’s Director of Digital Asset Products, said in a May webinar that DTCC plans to launch its tokenized services this year, will demonstrate relevant use cases in a production environment in July, and officially roll out the service in October.

9 minutes ago

U.S. stocks opened with mixed performance across the three major indexes, with SK Hynix falling more than 8% and SanDisk dropping over 6%.

U.S. stock market opens: Dow Jones rises 0.08%, S&P 500 falls 0.32%, Nasdaq declines 0.73%. Tech stocks are mostly lower, with SK Hynix (SKHY.O) dropping over 8%, SanDisk (SNDK.O) down more than 6%, Micron Technology (MU.O) falling 5%, Qualcomm (QCOM.O) down 1%, and Intel (INTC.O) declining 4%.

9 minutes ago

Coinbase Ventures emerged as the most active crypto venture capital firm in the first half of 2026, with DeFi, AI, and payment sectors being its most favored investment areas.

CryptoRank data shows Coinbase Ventures, with 30 investments completed in H1 2026, is the most active crypto venture capital firm. Animoca Brands, a16z, and Tether followed with 19, 18, and 15 investments respectively. Over the past 12 months, Coinbase Ventures has closed a total of 75 investments, ranking first in the industry, followed by Animoca Brands, YZi Labs (formerly Binance Labs), GSR, and a16z. Despite the crypto market remaining in a slump, industry financing volumes continue to shrink. Total funding for crypto firms fell to $1.4 billion in June, a 63% drop from $3.8 billion in April; the number of financing rounds also decreased from 89 in May to 61. Meanwhile, the number of independent investment firms participating in deals dropped from 452 in October 2025 to 242 in June this year. By sector, DeFi, payments, and AI remain the most capital-favored segments over the past year, with 216, 131, and 128 financing rounds respectively. Coinbase Ventures has focused its investments on payment protocols, DeFi, infrastructure, and RWA tokenization projects.

9 minutes ago

U.S. Senate enters critical window for Clarity Act; next four weeks could decide the bill’s fate this year.

After the U.S. Congress reconvened, the Clarity Act (Crypto Market Structure Act) has entered a critical legislative window. Industry insiders say the next four weeks will determine whether the bill can complete Senate review before Congress adjourns in August and be formally enacted this year. According to reports, the Senate is expected to release this week the latest version of the bill, which integrates texts from the Senate Banking Committee and Agriculture Committee. Currently, the bill faces two core sticking points: one is the final language of the Blockchain Regulatory Certainty Act concerning regulatory liability for non-custodial software developers; the other is ethical provisions on conflicts of interest among government officials, particularly those related to Trump’s crypto business. Sources familiar with the matter noted that the White House and Congress have yet to reach an agreement on the ethical provisions, a key factor in the bill’s effort to hit the 60-vote threshold. Alex Thorn, head of research at Galaxy Digital, said the next four weeks could be the Clarity Act’s last chance to pass in the current congressional session; if the bill fails to become law, the U.S. may further lag behind overseas markets in the race for digital asset innovation.

9 minutes ago

US pre-market news roundup: Intel plans to invest €5 billion to expand its Irish factory; storage and semiconductor equipment sectors fall across the board in pre-market trading.

Key pre-market news for U.S. stocks is as follows: 1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will kick off Q2 earnings reports on Tuesday, while Morgan Stanley will release its results on Wednesday. Markets expect U.S. large banks’ investment banking and trading revenues to surge, driven by SpaceX’s IPO, rising M&A activity, and market volatility sparked by the Iran situation; 2. Trump claimed Iran always breaks agreements, so the U.S. will strike hard at Iran, take control of the strait, and likely dominate it in the future; 3. SK Hynix’s U.S. ADR trades at a 23.4% premium to its South Korean shares; 4. Semiconductor equipment and storage sectors fell across the board pre-market, with KLAC down 3.7%, SanDisk and Western Digital both dropping over 5%; 5. Spot gold and silver fell broadly, with gold down 1.32% and silver down 2.23%; 6. Crude oil markets fell broadly, with U.S. crude up 3.35% and Brent crude up 3.53%; 7. Strategy did not add to its Bitcoin holdings last week, selling 4.82 million units to raise $467 million; 8. Bitmine added 27,801 ETH to its holdings last week, bringing its total staked ETH to 4.917 million, with an estimated annual staking income of $242 million.

9 minutes ago

South Korean stock market faces a margin trading crisis, with forced liquidations totaling 344.2 billion won in July.

According to data from the Korea Financial Investment Association, the recent sharp decline in South Korea's stock market has triggered accelerated deleveraging of margin trading positions. The total forced liquidation volume in July has reached 344.2 billion won, with the single-day forced liquidation amount on July 9 hitting 142.2 billion won. As forced liquidation data lags by two trading days, the clearing pressure from the nearly 9% plunge in the KOSPI on July 13 has not yet been fully reflected, and the market expects subsequent liquidation volumes to rise further. On July 13, South Korea's KOSPI index closed down 8.95%, triggering the Sidecar (seller order suspension mechanism) and Level 1 Circuit Breaker during intraday trading. The semiconductor sector plummeted, with SK Hynix falling 15.37%—its largest single-day drop in history—and Samsung Electronics down 10.7%. Meanwhile, South Korean retail investors' margin sizes, margin loan balances, and investor deposits have all continued to decline, with the market trapped in a deleveraging cycle of "stock price drop—forced liquidation—further decline".

9 minutes ago

Trump and Iran deliver tough, tit-for-tat statements, with both sides refusing to back down on the Strait of Hormuz issue.

US President Donald Trump and an advisor to Iran’s Supreme Leader have successively made tough remarks on the Strait of Hormuz. Trump stated that the US will become the "guardian" and "guardian angel" of the Strait of Hormuz, claiming that the US has guarded the strait for free in the past and will recover its operational costs and compensate for the risks it has taken to maintain the strait’s security in the future. He also said that the US will control the Strait of Hormuz and "is very likely to dominate the strait" in the future, adding that every time Iran deploys drones, the US will strike back fiercely. In addition, Trump revealed that the US and Iran held 11-hour talks yesterday. The advisor to Iran’s Supreme Leader responded that no Iranian believes Iran should give up the Strait of Hormuz. Iran defends the Strait of Hormuz to avoid being forced to pay "ransom" for the passage of its own ships in the future. He emphasized that the strategic, security and economic status of the Strait of Hormuz is irreplaceable, and Iran will never back down on the issue of the Strait of Hormuz.

1 minutes ago

HSK Chain launches Phase 3 of its HSK Staking campaign, upgrading the ecosystem's long-term incentive mechanism.

According to official announcements, HSK Chain’s Phase 3 staking campaign officially launched on July 13. This phase sets a maximum total staking cap and adopts a diversified incentive model, with participants eligible for corresponding expected ecosystem incentives per on-chain rules. Additionally, users who took part in previous staking phases and consistently supported ecosystem development will receive extra ecosystem subsidies based on their historical locked contributions, comprehensively enhancing on-chain participation benefits. It is understood that this staking campaign, while rewarding HSK holders and past participants, will further drive the long-term steady growth of the HSK Chain ecosystem. As on-chain developers, high-quality projects, and institutional-grade assets continue to onboard, this upgrade to the long-term incentive mechanism will serve as a core initiative for the ecosystem’s long-term development.

1 minutes ago

BBC investigation finds Instagram still hosts ads for child sexual abuse content, Meta’s AI moderation mechanism faces renewed scrutiny

Despite Meta’s ongoing heavy investment in AI infrastructure, a new BBC investigation has found that Instagram is still serving users in India with advertisements containing child sexual abuse material (CSAM), and some of these ads are still deemed by the platform’s moderation system as “not violating community guidelines” even after being reported. The report states that a test account created by the BBC received around 30 CSAM-related ads within a week, without any prior searches for such content, and these ads directed users to Telegram channels to purchase the illegal material. The Indian government has ordered Meta to remove the relevant ads and explain within seven days why its moderation mechanism failed. The report notes that Meta’s 2025 ad revenue reached $201 billion, accounting for approximately 97% of its total revenue, while its AI infrastructure investment in the same period hit $72.2 billion. The company plans to raise its capital expenditure to between $125 billion and $145 billion in 2026. The article points out that Meta’s current controversies stem more from platform governance and commercial incentives rather than a lack of AI technical capabilities.

1 minutes ago

Institutions: The crypto market continued deleveraging in Q2, with spot trading volume hitting its lowest level since Q3 2023.

According to FalconX’s latest market analysis, the crypto market sustained its deleveraging trend in the second quarter of 2026. Spot trading volume on major platforms fell to $1.6 trillion, down 25% quarter-over-quarter and 42% year-over-year, hitting its lowest level since the third quarter of 2023. Futures trading volume dropped to $9 trillion, a 12% quarter-over-quarter and 31% year-over-year decline. The report shows that by the end of Q2, the total open interest (OI) of futures across the market fell to $53.2 billion, a sharp pullback from the peak of $122.2 billion in October 2025, while trading turnover ratio decreased to 1.6x, reflecting a shift in the market from high-frequency speculation to long-term holding. On the capital flow front, Bitcoin spot ETFs recorded a net outflow of $4.9 billion in Q2, expanding the year-to-date cumulative net outflow to $5.4 billion. Total stablecoin supply shrank by $7.4 billion to $313.8 billion, marking the first contraction in recent quarters. FalconX notes that the current market deleveraging process is largely complete, with open interest stabilizing and trading volume showing signs of recovery in June. Looking ahead to the third quarter, the progress of the U.S. CLARITY Act legislation and ETF capital flows will be key catalysts shaping market trends.

1 minutes ago

Intel will invest 5 billion euros to expand its factory in Ireland.

Intel (INTC.O) will invest 50 billion euros (approximately $57 billion) to expand its factory in Ireland, aiming to recapture its leading position in manufacturing amid the artificial intelligence boom. In a statement, Intel said the investment will boost production capacity at its Leixlip campus outside Dublin, as part of the company’s plan to increase output of data center processors. The expansion will enhance manufacturing capabilities for products including its flagship Xeon server processors, while advancing research and development activities. Intel Executive Vice President Naga Chandrasekaran noted in a statement that the move is also part of the company’s plan to improve delivery capacity for its foundry business. Intel’s foundry arm, which manufactures chips for other tech companies, is a core component of its revitalization strategy, designed to strengthen its competitiveness against rivals such as TSMC.

1 minutes ago

Trump: The United States may take charge of managing the Strait of Hormuz in the future.

US President Trump posted that he may "operate" the Strait of Hormuz in the future, stating that if the US takes the lead in managing the Strait of Hormuz, the US will receive compensation. "We will become the guardians of the Strait of Hormuz."

1 minutes ago

Japanese Prime Minister: To strengthen support for startups and continuously advance the development of Japan's Web3 innovation ecosystem.

Japanese Prime Minister Sanae Takaichi reaffirmed during her pre-recorded opening address at WebX 2026 that the Japanese government will step up support for startups. She noted that with the synergy between the Web3 conference and government support policies, Japan’s innovation ecosystem is poised for further growth. Takaichi first touched on WebX’s positioning, stating that as one of Asia’s largest conferences focused on Web3 social applications and built on blockchain technology, WebX draws around 15,000 global attendees, making it highly significant. “This conference attracts numerous startups and hosts matchmaking events with various investment institutions,” she said. “For Web3 practitioners, it serves as an important platform for equal exchanges on the future of society and industry, mutual knowledge enhancement, and fostering further business collaborations—holding great importance.” Successive Japanese cabinets have consistently advanced Web3 strategies. Since the Kishida administration formulated the “Five-Year Startup Development Plan,” both the Ishiba administration and the current Takaichi administration have leveraged the WebX platform to directly convey policy signals to the industry. This demonstrates that Japan’s policy direction for promoting Web3 development has remained unchanged despite cabinet reshuffles, maintaining strong policy continuity.

9 minutes ago

Bitcoin falls below $63,000

According to HTX market data, Bitcoin has fallen below $63,000, currently trading at $62,979, with a 1.62% decline in the past 24 hours.

9 minutes ago

WTI crude oil futures' intraday gain widened to 4%.

According to Bitget's market data, WTI crude oil futures extended their intraday rally to 4%, while Brent crude futures rose nearly 4% following the earlier escalation of US-Iran tensions.

9 minutes ago

Renewed U.S.-Iran tensions boost rate hike expectations, with 2-year U.S. Treasury yields hitting their highest level in over a year.

As renewed tensions in Iran push up oil prices and spark market speculation that the Federal Reserve may need to raise interest rates to curb inflation, the yield on the 2-year U.S. Treasury note has climbed to its highest level since early 2025. The rate-sensitive 2-year Treasury yield rose as much as 3 basis points to 4.24%, hitting a new high since February 2025; the benchmark 10-year Treasury yield also gained 3 basis points to 4.59%. Swap market data shows the market has now almost fully priced in the expectation of a Federal Reserve rate hike in September, compared with a roughly 66% probability a week ago. “The market is currently very sensitive to news related to Iran,” said Kenneth Crompton, head of rates strategy at the National Australia Bank. “The market did not expect tensions to repeat the situation seen in March, but given the ongoing attacks over the weekend and strikes on Russian oil refining facilities, a sense of caution is creeping back into market sentiment.”

9 minutes ago

In the past four hours, SK Hynix has ranked first in liquidations across the entire network, with three whales facing consecutive liquidations totaling $14 million in long positions.

According to Hyperinsight’s monitoring, SK Hynix’s price plummeted rapidly, triggering a cascade of long position liquidations. Over the past 4 hours, total liquidations of SK Hynix’s US stocks and spot contracts reached around $24.79 million, surpassing BTC and ETH to rank first across the network; among these, SKHX also recorded the largest single liquidation amount on the network in the same period. This round of liquidations was mainly concentrated among 3 whale long positions. Over the past ~2 hours, 3 addresses triggered 10 forced liquidations in succession, totaling ~$13.95 million in long positions liquidated, with losses of around $1.59 million. The liquidation price dropped from approximately $1,391 to $1,309, a range decline of nearly 6%. As of press time, one of the three whale addresses (starting with 0x4b2) has not been fully liquidated yet, currently holding ~687 SKHX long positions with a nominal value of ~$900,000, a position return of roughly -119%, and a liquidation price of $1,292, which is less than $20 away from the current price, remaining in a high-risk liquidation zone. - HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (message sending permission must be enabled) to automatically sync on-chain information.

9 minutes ago

Fed Mouthpiece: Warsh Faces First Major Decision on Reversing Last Year’s Fed Rate Cuts

Fed Whisperer Nick Timiraos noted that last month, Walsh, in his first meeting as Federal Reserve Chair, presided over a unanimous decision to keep interest rates unchanged. Reaching that consensus was straightforward at the time, as there was little willingness for action within the committee. However, maintaining this consensus in the weeks ahead will grow far more difficult. Some of Walsh’s colleagues have seen their concerns about inflation intensify, and they may push to discuss interest rate hikes when the Federal Reserve holds its meeting on July 28-29. This week, during his congressional testimony, Walsh will have the opportunity to steer the formation of this consensus, armed with the latest June inflation data—the final major data release before the meeting.

9 minutes ago

https://www.kucoin.com/learn/web3/what-is-hyperliquid-hype-decentralized-perpetual-exchange

Hyperion and Hyperliquid have emerged as the only decentralized asset tokens (DATs) currently reporting a positive unrealized profit and loss (PnL), as noted by Cointelegraph. This suggests that their open positions are currently in profit, contrasting with other DATs experiencing net unrealized losses. Hyperion DeFi, an ecosystem builder, advocates for Hyperliquid, a decentralized exchange known for supporting perpetual futures. The positive unrealized PnL suggests that these platforms or their users are holding profitable positions in the current market conditions.

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Key Takeaways Cointelegraph’s report suggests Hyperion and Hyperliquid are in a strong financial position with positive unrealized PnL. This development appears consistent with increased interest and potential growth in volume for Hyperliquid. Market pricing indicates a potential rise in Hyperliquid’s value, with the December 31, 2026 market showing a 41.5% probability of reaching $100. What to Watch Market participants may want to monitor any announcements of partnerships or technological advancements from Hyperliquid, as these could further influence market sentiment. Additionally, any significant shifts in volume or institutional interest may indicate changes in the perceived viability of Hyperliquid reaching its price targets. Observers will also be keenly watching for any regulatory developments or security concerns that could impact market stability.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 4.9% — — View market → January 1 2027 4% — — View market → January 1 2027 72% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →

According to Defillama data, Polymarket generated $1.88 million in revenue over the past 24 hours, surpassing Canton and Hyperliquid to rank as the 3rd highest-earning crypto protocol. The protocol’s cumulative revenue has exceeded $94 million.

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Predict.fun World Cup Knockout Stage: England’s qualification probability stands at 64%, while Norway only secures 35% market support.

Data from prediction market platform Predict.fun shows that the upcoming 2026 FIFA World Cup quarterfinal will pit Norway against England. As of press time, the market assigns England a roughly 64% probability of advancing, while Norway’s advancement odds stand at around 35%. Notably, Norway, making its first-ever appearance in the World Cup quarterfinals, has already notched its best result in team history. The side’s top striker Haaland has netted 7 goals in the tournament, including a brace in just 11 minutes during the previous round to help Norway eliminate Brazil. For England, Kane has contributed 6 goals, with players like Bellingham and Gordon also consistently chipping in offensively. However, England has conceded goals in two straight knockout matches. Against the in-form Haaland, containing his performance will be the key to deciding the match’s winner.

8 hours ago

US Bitcoin and Ethereum spot ETFs both ended their 8-week consecutive outflows, posting a combined net inflow of $281.8 million this week.

U.S. spot Bitcoin and Ethereum ETFs recorded a combined net inflow of $281.8 million this week, ending an 8-week streak of outflows that began in early May. Specifically, U.S. spot Bitcoin ETFs saw a net inflow of roughly $197.4 million last week, putting an end to their own 8-week outflow cycle. Prior to this, Bitcoin ETFs had logged a cumulative outflow of about $8.26 billion over those 8 weeks—the longest consecutive outflow period since they started trading in January 2024. Ethereum spot ETFs, meanwhile, posted a net inflow of approximately $84.4 million last week, also wrapping up 8 straight weeks of outflows. Before that, Ethereum ETFs had seen roughly $1.2 billion in outflows over 8 weeks, matching the all-time longest outflow record set between February and April 2025. The current rebound remains modest relative to the earlier outflows: Bitcoin ETFs have recouped only around 2.4% of the funds lost in the prior 8-week period, while Ethereum ETFs have recovered roughly 7%. As of early 2026, Bitcoin ETFs have a year-to-date net outflow of about $5.34 billion, and Ethereum ETFs have a year-to-date net outflow of approximately $1.35 billion.

8 hours ago

JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.

JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.

8 hours ago

Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.

The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)

8 hours ago

Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.

Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.

8 hours ago

The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.

Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.

8 hours ago

Hyperliquid’s native token HYPE has held firm above key support levels, with analysts pointing to strong breakout potential if current momentum continues. The project, an on-chain perpetual trading platform, has gained attention for its aggressive buyback and token burn strategy, which has significantly reduced circulating supply and reinforced long-term value for investors.

Technical strength and support levelsAt $67.53, HYPE has seen $268.62 million in 24-hour trading volume and holds a market capitalization of $17.08 billion. Despite largely stable movements in recent sessions, technical indicators suggest upward momentum could strengthen if buying pressure persists.

Crypto analyst Umair Orakzai described HYPE’s price consolidation as being within an ascending triangle pattern, which typically favors a continuation of the current trend. Orakzai highlighted the importance of maintaining support at $62 and closing above the key $68.60 resistance level to confirm a breakout.

Analysts note that securing a close above $68.60 could drive momentum toward the $80 mark, while losing the $62 support might prompt a retracement to the $57 range, aligning with the current value area low (VAL).

LevelPriceImplicationSupport$62Drop below may signal decline to $57Resistance$68.60Breakout above may target $80Market Cap$17.08 billionCurrent capitalizationDeflationary tokenomics and buybacksHyperliquid stands out among decentralized perpetual trading platforms for its strongly deflationary token model. The protocol dedicates nearly 97% of trading revenue to buy back and permanently remove HYPE tokens from circulation through burns, significantly outpacing the deflation rates of most major cryptocurrencies.

Live supply data shows the annual growth rate for HYPE is just 0.14%. For comparison, Ethereum’s supply increases by 0.83% per year, while Solana adds 3.76%.

The project’s statistics indicate that nearly 45 million HYPE tokens have already been burned through ongoing buybacks. This mechanism creates what is commonly referred to as a flywheel effect, where increased trading activity results in larger revenues, fueling more aggressive buybacks and accelerating supply reduction.

Mini dictionary: Hyperliquid is a decentralized perpetuals trading platform offering high-speed, on-chain order books and unique tokenomics based on real trading revenue.

Future outlook and market contextDespite bullish forecasts and the ongoing buyback program, HYPE’s price has recently remained range-bound. However, market sentiment across the crypto sector has shifted positive as Bitcoin extends its advance, and many traders are closely watching for a decisive move in HYPE’s price action.

Whether HYPE maintains its floor at $62 and surpasses $68.60 is expected to determine its next major move, with a potential run to $80 if momentum resumes. Conversely, a break below support could see prices test the $57 level.

Hyperliquid’s sustained buybacks and token burns are designed to support its future valuation, with many market participants seeing this model as a key factor in its appeal. The next trading sessions are considered crucial for HYPE’s direction.

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

JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.

JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.

30 minutes ago

Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.

The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)

30 minutes ago

Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.

Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.

30 minutes ago

The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.

Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.

30 minutes ago

An alleged insider address of LAB has transferred $9.15 million worth of tokens to Aster again.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address of LAB has transferred 10.5 million LAB tokens to Aster again. Calculated at the $0.872 price at the time of transfer, the move is worth roughly $9.15 million. This marks the address’s second transfer of LAB in the same fashion in about 22 hours. Over the past 24 hours, the address has moved a total of LAB worth approximately $18.69 million to Aster. Earlier, after the address completed the transfer last night, LAB’s price once plummeted sharply.

30 minutes ago

US-listed ETFs' assets under management climbed to $15.6 trillion, notching a new all-time high.

The Kobeissi Letter noted that the assets under management (AUM) of U.S.-listed ETFs have climbed to a record $15.6 trillion, doubling over the past 30 months. Year-to-date, investors have allocated more than $1 trillion to U.S.-listed ETFs, nearly double the year-to-date record set in 2025. At the current pace, full-year inflows are on track to top $2 trillion for the first time, roughly 33% higher than last year’s all-time high. In June alone, U.S. ETFs pulled in around $193 billion in inflows, marking the second-highest monthly inflow on record. Demand has been concentrated in U.S. large-cap, semiconductor, AI, and South Korea-focused ETFs, with the U.S. ETF market’s growth accelerating.

30 minutes ago

JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.

JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.

30 minutes ago

Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.

The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)

30 minutes ago

Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.

Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.

30 minutes ago

The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.

Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.

30 minutes ago

An alleged insider address of LAB has transferred $9.15 million worth of tokens to Aster again.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address of LAB has transferred 10.5 million LAB tokens to Aster again. Calculated at the $0.872 price at the time of transfer, the move is worth roughly $9.15 million. This marks the address’s second transfer of LAB in the same fashion in about 22 hours. Over the past 24 hours, the address has moved a total of LAB worth approximately $18.69 million to Aster. Earlier, after the address completed the transfer last night, LAB’s price once plummeted sharply.

30 minutes ago

US-listed ETFs' assets under management climbed to $15.6 trillion, notching a new all-time high.

The Kobeissi Letter noted that the assets under management (AUM) of U.S.-listed ETFs have climbed to a record $15.6 trillion, doubling over the past 30 months. Year-to-date, investors have allocated more than $1 trillion to U.S.-listed ETFs, nearly double the year-to-date record set in 2025. At the current pace, full-year inflows are on track to top $2 trillion for the first time, roughly 33% higher than last year’s all-time high. In June alone, U.S. ETFs pulled in around $193 billion in inflows, marking the second-highest monthly inflow on record. Demand has been concentrated in U.S. large-cap, semiconductor, AI, and South Korea-focused ETFs, with the U.S. ETF market’s growth accelerating.

30 minutes ago

JPMorgan Chase is testing an AI investment agent that can autonomously adjust stock and bond allocations.

JPMorgan Chase is testing AI agents that can autonomously adjust the proportion of stock and bond investments to dynamically rebalance portfolios based on changes in market conditions. Test results show that in a 20-year historical backtest, the best-performing AI model delivered an annualized return 0.7 percentage points higher than the traditional "60/40" stock-bond portfolio, while also boasting lower volatility. All 8 AI agents tested by JPMorgan achieved higher risk-adjusted returns. However, the bank noted that the results are still based on simulated tests and do not represent actual investment performance. JPMorgan also warned that large-scale adoption of AI could lead to convergence of trading strategies, increase crowded trades, and amplify market volatility under stressed conditions.

30 minutes ago

Yangtze Memory Technologies announced its IPO advisory team, comprising a total of 31 members from CITIC Securities and China Securities Co., Ltd.

The China Securities Regulatory Commission (CSRC) official website updated the first-phase progress report on Changjiang Storage’s IPO counseling work on July 10. A total of 31 personnel from two securities firms, CITIC Securities and China Securities Construction Investment, form the counseling team. The current counseling period runs from May 19 to June 30, 2026, with work carried out via multiple methods including on-site due diligence, centralized training sessions, and targeted issue communications. The next phase of counseling will focus on two areas: First, for issues identified during the process, coordinate timely discussions between intermediaries and the company, develop standardization plans, and urge the counseled entity to fully implement rectification requirements. The working group will also continue to push the company to improve its corporate governance and internal control systems, enhancing its standardized operation level. Second, urge the company to thoroughly understand laws, regulations and rules related to issuance, listing and standardized operation, and clarify its responsibilities and obligations in areas such as information disclosure and fulfillment of commitments. (Jinshi)

30 minutes ago

Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.

Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.

30 minutes ago

The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.

Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.

30 minutes ago

An alleged insider address of LAB has transferred $9.15 million worth of tokens to Aster again.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address of LAB has transferred 10.5 million LAB tokens to Aster again. Calculated at the $0.872 price at the time of transfer, the move is worth roughly $9.15 million. This marks the address’s second transfer of LAB in the same fashion in about 22 hours. Over the past 24 hours, the address has moved a total of LAB worth approximately $18.69 million to Aster. Earlier, after the address completed the transfer last night, LAB’s price once plummeted sharply.

30 minutes ago

US-listed ETFs' assets under management climbed to $15.6 trillion, notching a new all-time high.

The Kobeissi Letter noted that the assets under management (AUM) of U.S.-listed ETFs have climbed to a record $15.6 trillion, doubling over the past 30 months. Year-to-date, investors have allocated more than $1 trillion to U.S.-listed ETFs, nearly double the year-to-date record set in 2025. At the current pace, full-year inflows are on track to top $2 trillion for the first time, roughly 33% higher than last year’s all-time high. In June alone, U.S. ETFs pulled in around $193 billion in inflows, marking the second-highest monthly inflow on record. Demand has been concentrated in U.S. large-cap, semiconductor, AI, and South Korea-focused ETFs, with the U.S. ETF market’s growth accelerating.

30 minutes ago

The new Ethereum Layer 2 (L2) Robinhood Chain has surpassed Hyperliquid and BNB Chain in speculative interest. 

A week ago, Robinhood’s DEX volume (which tracks trading volume and broader speculative interest) was less than $10M. 

As of writing, the daily DEX volume has hit a record level of $600M, making it the fourth dominant chain in speculative activity. 

In the past two days, it has effectively surpassed BNB Chain and Hyperliquid on this front thanks to Robinhood’s CEO’s memecoin bet. 

Source: DeFiLlama As Robinhood Chain-based memecoins like CashCat [CASHCAT] went viral and posted massive gains, the FOMO attracted users and capital inflows. 

Robinhood’s memecoin frenzy sparks L2 debate If the memecoin mania persists, it could surpass Base in DEX volume to become the third-largest place for speculative trading. 

Worth pointing out that Uniswap crossed $1B in volume on Robinhood Chain since launch, further underscoring how crazy the memecoin mania is on the new L2. 

Source: DeFiLlama  But critics have been opposing the memecoin push. Most questioned the need for another Ethereum Layer 2 (L2) if its use case is risky memecoin speculation. The debate has since evolved to whether L2 growth benefits ETH’s value.   

For Bankless’ David Hoffman, L2s aren’t helpful to ETH. 

By now it seems more clear that L2s are largely independent blockchains and the vast majority of economics is not captured by ETH (by design).

Uniswap CEO Hayden Adam countered that most of the pairs on the chain are denominated in ETH and will eventually help burn more ETH, especially if the RWA narrative picks up momentum. 

Source: X Do Layer 2s actually help Ethereum? The L2 roadmap has been under heavy criticism. With corporate chains such as Stripe’s Tempo, SWIFT, and more, the criticism has deepened. 

For lawyer Gabriel Shapiro, the entire roadmap was ‘poorly executed’ to benefit ETH value. 

The roadmap was just very poorly executed so that it’s mostly negative to ETH & leaves the L2s with too much optionality to become L1s, no real lock-in.

Ethereum’s best shot at scaling was through L2s, and recent upgrades have made them cheaper and attracted more traffic.

But this has also reduced the number of ETH burned, making the asset inflationary and denting its ‘store of value’ narrative. 

Source: Ultrasoundmoney  Whether the renewed L2 debate will drag ETH’s market sentiment and price remains to be seen. As of writing, Ethereum [ETH] traded at $1.8K, a key inflection point that could trigger the next leg of price recovery or another pullback. 

Final Summary Robinhood L2 has become the fourth largest on-chain place for speculative trading, flipping BNB Chain and Hyperliquid   Amid the hype, Ethereum L2s are under scrutiny again for being non-beneficial to ETH’s value 

Cash Cat Token Surges 4,000% and Hits $200 Million Market Cap, But Why?

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

This site is protected by reCAPTCHA.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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According to monitoring by crypto analytics account Ai Yi, the combined 24-hour trading volume of SK Hynix-related contracts SKHX and SKHY on the Hyperliquid platform has reached $1.015 billion, surpassing Ethereum (ETH) to become the second-most active asset by trading volume on the platform. SKHX recorded a 24-hour trading volume of $698 million, with an open interest (OI) of $494 million; SKHY’s 24-hour trading volume stood at $317 million and its open interest was $117 million. Currently, SKHY still trades at a roughly 17% premium relative to SKHX.

Relevant content

A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.

According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.

2 minutes ago

CASHCAT's market capitalization briefly surpassed $200 million, surging over 22% intraday.

Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.

2 minutes ago

The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.

The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)

2 minutes ago

Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.

Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.

2 minutes ago

A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.

According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.

2 minutes ago

A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.

According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.

2 minutes ago

Lighter Prepares to Burn 15.5 Million LIT in First Revenue-Funded Supply Reduction, Will LIT Rally?

A crypto whale has reopened a large leveraged position on Hyperliquid’s SKHX perpetual market. 

The move comes just days after the trader took a multi-million-dollar loss, as market participants continue positioning ahead of SK Hynix’s expected Nasdaq debut.

On-chain data shows wallet 0x66F4 deposited 20.32 million USDC into Hyperliquid. It then opened a 2x leveraged long position of 15,121 SKHX, worth about $22.5 million.

Onchain Lens Breaks Down the Trade Blockchain tracker Onchain Lens also reported the latest transaction. It said this was the wallet’s first trade since May 23. The position was opened at $1,480.57, with a liquidation price of $145.24.

At the time of reporting, the trade showed an unrealized loss of about $123,555. Moreover, the wallet’s lifetime trading record remained down by roughly $89,700.

Source: https://hyperbot.network/trader/0x66F463866512FC337C89baD2032acBE38ee38836 Whale Bets Again After $4.4M Loss The latest trade comes about a week after a separate whale lost $4.4 million on a previous SKHX long position. Despite that setback, the trader returned with another 2x leveraged long.

The position covered 21,207 SKHX worth roughly $30.17 million. At the time of the update, it was showing an unrealized gain of about 1,322,707.

The renewed position suggests the whale remains bullish on the synthetic pre-IPO market despite recent losses.

Source: https://hyperbot.network/trader/0x9dcf1c87b82a35519a430457c1157f21e68f302d Another Trader Keeps Accumulating Onchain Lens also highlighted another trader, yixie (@yixie10), who has generated more than $9.42 million in lifetime profits. The trader currently holds 1,840 SKHX, valued at about $2.79 million. The position has an unrealized gain of roughly $324,300.

The trader has also placed a TWAP order to buy another $1.05 million worth of SKHX. The order targets a price range between $1,488 and $1,520, suggesting continued accumulation.

Open Interest Surges Before Listing Interest in SKHX has continued to build ahead of SK Hynix’s expected Nasdaq listing on Friday.

According to data shared by GoldRush, open interest in SKHX perpetual contracts on Hyperliquid reached about $250 million. The contracts also recorded $880 million in 24-hour trading volume. SKHX was trading near $1,571.23, up 8.2% over the past 24 hours.

Fhenix contributor Zenonchain said the strong open interest ahead of the public listing reflects solid demand for pre-IPO exposure. He compared the activity to earlier synthetic markets tied to SpaceX and Cerebras.

Zenonchain also noted that the Hyperliquid Stocks sector gained 6.1%, highlighting growing interest in tokenized pre-IPO assets.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

One of the most actively traded assets in the cryptocurrency market is ZCash. ZEC has quietly reported one of the biggest volume expansions among major digital assets, with trading activity rising by more than 28 percent over the past 24 hours, while Bitcoin and Ethereum continue to dominate headlines. 

Traders are back at itDerivatives market data shows that ZEC's trading volume increased by about 32%, greatly outpacing both Ethereum's volume decline of almost 10% and Bitcoin's roughly 5% increase during the same period. After weeks of comparatively quiet activity, the spike puts ZCash among the best-performing assets in terms of market participation, indicating a resurgence of trader interest. The volume increase is not happening in a vacuum. 

ZEC/USDT Chart by TradingViewZEC has extended a recovery that started when the asset successfully defended support close to the 200-day moving average by pushing above the psychologically significant $500 level on the daily chart. The price is currently trading above the 50-day, 100-day, and 200-day moving averages, a structure that typically indicates bullish market conditions. The action is especially noteworthy because it follows a period of intense network volatility. 

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Many traders anticipated that ZEC would have difficulty recovering after the inflation bug incident that momentarily undermined market confidence. Instead, buyers started to reappear, and the market started to reconstruct its bullish structure. Additionally, open interest has risen by over 26%, indicating that traders are actively opening new positions rather than simply rotating spot capital into ZEC. Rising open interest is frequently seen as confirmation that market participants anticipate further movement rather than just covering existing trades when it coincides with rising price and volume. 

Zcash's unexpected recoveryThe $520-$550 range, which previously served as resistance during the most recent attempts at recovery, is technically ZEC's next obstacle. The highs set earlier in the quarter might be reached with a clear breakout above this area. However, traders should continue to exercise caution. Momentum indicators have risen to elevated levels due to the recent rally, and the asset remains highly volatile.

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Speculative capital can be drawn in by rapid volume expansions, but it vanishes just as quickly when sentiment changes. Nevertheless, ZCash is currently one of the few major cryptocurrencies outperforming both Ethereum and Bitcoin in terms of trading activity, indicating that money is once again flowing into one of the market's earliest privacy-focused assets.

Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure.

Summary

Hyperliquid Policy Center and Phantom have asked the CFTC to create rules tailored for onchain trading instead of applying legacy market regulations. The groups said developers of decentralized trading software and non custodial wallet providers should not face the same registration requirements as traditional intermediaries. The proposal comes as U.S. regulators review derivatives rules and CME continues its legal challenge over the CFTC’s treatment of crypto perpetual futures. According to a joint comment letter submitted on Thursday by the Hyperliquid Policy Center (HPC) and Phantom, the current regulatory framework assumes a market structure where brokers, exchanges and clearinghouses control customer funds throughout the trading process. The organizations said onchain markets operate differently because users retain control of their own assets.

The submission responds to a joint Request for Information (RFI) issued last month by the CFTC and the Securities and Exchange Commission, which invited public feedback on regulations that may be slowing financial innovation and making it harder for new technologies to work with CFTC-regulated firms. As previously reported by crypto.news, the agencies are also reviewing whether existing definitions for swaps and related derivatives remain suitable for newer financial products.

HPC and Phantom seek tailored rules for decentralized markets In their filing, HPC and Phantom argued that developers of onchain trading software should not automatically be required to register as exchanges or clearinghouses simply because they build decentralized infrastructure. They also said non-custodial wallet interfaces such as Phantom should not be treated as introducing brokers.

The organizations argued that blockchain-based software cannot be regulated in the same way as centralized intermediaries because, unlike traditional market operators, code cannot enter contracts, respond to regulators or exercise legal responsibilities.

Alongside those proposals, the letter said companies already registered with the CFTC should be allowed to use blockchain technology for trading and clearing without facing unnecessary regulatory barriers.

The recommendations arrive as U.S. regulators continue examining how decentralized finance fits within existing derivatives rules. CFTC Chair Michael Selig previously said the agency’s joint review with the SEC could help resolve longstanding uncertainties under the Dodd-Frank Act, while SEC Chair Paul Atkins has called for clearer definitions covering newer financial products.

Filing comes as CME challenges crypto perpetual futures The proposal also lands while the CFTC faces legal action from CME Group over its approval of regulated crypto perpetual futures.

As previously reported by crypto.news, CME sued the regulator in June after it approved perpetual futures products from platforms including Kalshi and opened a regulated path for similar offerings. The exchange argues that perpetual contracts should be classified as swaps rather than futures under the Dodd-Frank framework and claims the regulator bypassed the legal process required for swap products.

The dispute gained additional attention after Kalshi expanded beyond Bitcoin perpetuals to list contracts linked to Ethereum, XRP and Hyperliquid, while Coinbase also secured a regulated route to offer certain crypto perpetual futures through infrastructure connected to Deribit.

HPC founder Jake Chervinsky has publicly opposed CME’s lawsuit, describing it as a serious mistake and accusing the exchange of trying to block new competitors. One day after CME filed its case, the CFTC and SEC published their joint request for public comment, which specifically asked whether the legal definition of swaps should be updated to account for emerging products such as crypto perpetual contracts.

Robinhood Chain surpassed Hyperliquid in 24-hour decentralized exchange trading volume on July 8, a striking early milestone for the newly launched Ethereum Layer 2 as speculative activity rushed into one of the newest networks backed by a major U.S. brokerage.

According to DeFiLlama data cited by market reports, Robinhood Chain recorded roughly $560 million to $570 million in daily DEX volume on July 8, exceeding Hyperliquid’s 24-hour figure and briefly placing the chain among the most active DeFi trading venues by volume. DeFiLlama’s live dashboard later showed Robinhood Chain with more than $400 million in 24-hour DEX volume, reflecting the fast-moving nature of the metric.

The surge came about a week after Robinhood launched the public mainnet of Robinhood Chain, an Ethereum-compatible Layer 2 built using Arbitrum’s technology stack. Robinhood describes the network as a permissionless blockchain built for financial services and real-world assets, with tokenized stocks, 24/7 trading, self-custody and DeFi composability as central parts of its strategy.

The main driver of the volume spike was not tokenized equities, but memecoin speculation. Reports pointed to Cash Cat, a WETH-paired memecoin trading on Uniswap, as the largest catalyst. The token reportedly generated close to $100 million in 24-hour trading volume and briefly reached a market capitalization above $100 million, drawing liquidity and arbitrage activity to the new chain.

Memecoin Frenzy Drives Early Adoption Robinhood Chain’s rapid rise shows how quickly DeFi activity can migrate when a new network combines strong brand recognition, major infrastructure partners and speculative incentives. Uniswap is already live on the chain, giving traders a familiar venue for token swaps and creating an immediate liquidity layer for new assets.

The volume surge also highlights a recurring pattern in crypto market structure. New chains often gain early traction not through institutional use cases or carefully designed financial products, but through volatile retail assets that attract high turnover. Memecoins can generate large trading volume quickly because they are easy to launch, simple to understand and heavily driven by social momentum.

That dynamic creates both opportunity and risk for Robinhood. High DEX volume gives the chain visibility and can attract builders, liquidity providers and market makers. But if activity is dominated by thinly traded speculative tokens, it may not translate into durable adoption for Robinhood’s core thesis around tokenized real-world assets and onchain finance.

The comparison with Hyperliquid is also important. Hyperliquid has become one of DeFi’s most successful trading venues, particularly in perpetual futures, with deep liquidity, high-frequency trading activity and a dedicated user base. Robinhood Chain surpassing it on a 24-hour DEX volume metric is notable, but it does not yet mean Robinhood has matched Hyperliquid’s sustained liquidity, derivatives infrastructure or trader retention.

Robinhood Pushes Deeper Into Onchain Finance The milestone comes as Robinhood accelerates its broader crypto strategy. The company has been expanding tokenized stock access for international users, building onchain infrastructure and positioning crypto as a core part of its global financial-services roadmap. Its official launch announcement said Robinhood Chain is intended to provide a turnkey environment for builders and is natively connected to Robinhood’s onchain users.

For Robinhood, the strategic opportunity is to convert its mainstream brokerage brand into blockchain-native distribution. Unlike most new Layer 2 networks, Robinhood already has a large retail user base, regulated financial-services infrastructure and a recognized consumer brand. If it can connect those advantages with DeFi liquidity, tokenized assets and self-custody products, it could become a meaningful competitor in onchain markets.

Regulatory and reputational risks remain. Tokenized stocks, memecoin trading and open DeFi activity all sit in areas that can attract scrutiny, especially when linked to a brokerage known to retail investors. Robinhood will need to manage the gap between permissionless blockchain activity and the consumer-protection expectations attached to its brand.

For now, the July 8 volume spike is best viewed as an early market signal rather than proof of long-term dominance. Robinhood Chain has shown that it can attract significant trading activity almost immediately after launch. The harder test will be whether that activity persists once the memecoin cycle cools and whether the chain can shift volume toward tokenized assets, lending, stablecoins and other financial applications with more durable demand.

Robinhood Chain’s brief lead over Hyperliquid shows that the boundary between retail brokerage and decentralized trading is narrowing. The next phase will determine whether that convergence produces sustainable onchain finance or simply another short-lived liquidity boom.

Robinhood Chain overtook Hyperliquid in 24-hour decentralized exchange (DEX) volume, processing more than $560 million over the past 24 hours.

Robinhood Chain is a permissionless, AI-native Layer 2 blockchain built for financial services and real-world assets (RWA), but it’s in the buzz for meme coins, including Cash Cat. CASHCAT price has skyrocketed by almost 60%.

Robinhood Chain Overtakes Hyperliquid in 24-hour DEX Volume According to DefiLlama data, Robinhood Chain recorded almost $433 million in 24-hour DEX volume. The newly launched Ethereum Layer-2 blockchain has now flipped popular Hyperliquid.

Robinhood Chain has climbed to fifth place based on the DEX volume by Chain metric, with almost $900 million in 7-day DEX volume. Meanwhile, Hyperliquid saw $296 million in 24-hour DEX volume, with $656.28 in total DEX volume in the past 7 days.

Robinhood Chain 24-hour DEX Volume. Source: Defillama The milestone comes just one week after Robinhood Chain’s mainnet launch on the Arbitrum Orbit stack. In its debut week, the Layer-2 chain amassed nearly $1 billion in cumulative DEX volume, around $100 million in TVL, and more than 350,000 addresses.

Moreover, Token Terminal data also shows ETH bridged from Ethereum L1 to Robinhood Chain is up 70x in one week, passing $70 million. The chain uses ETH as gas.

Catalysts Behind the Massive Demand Santiment reported that Robinhood Chain is buzzing amid RWA tokenization, DeFi tools, and CASHCAT mania. “Bulls see a TradFi-to-DeFi bridge, while skeptics question stock-token rights and lasting demand,” it added.

Robinhood Social Volume. Source: Santiment The primary catalyst behind the surge is hype by CEO Vlad Tenev. He took to X, saying “While we’re building robinhood chain to be the best chain for RWA … it works great for memes too.”

He also declared “Robinhood Summer is here” as the chain acts as a bridge between retail brokerage and on-chain trading. Robinhood also covers gas fees for eligible users via its Wallet until September 29.

As traditional brokerages increasingly eye blockchain integration, investors interested in equity-backed tokens can review the best exchanges for tokenized stocks to trade fractionalized shares on-chain.

Cash Cat (CASHCAT) price rocketed more than 1000% in just the last 3 days amid the hype. The meme coin named after Robinhood’s early days mascot jumped nearly 60% in past 24 hours, currently trading at $0.1455.

Lookonchain reporting a wallet (0x6f5b) named “Ansem-2” spent $233K to buy 2.79 million CASHCAT was another catalyst. The wallet is linked to the Solana wallet CLM6E4, which held 10.5 million ANSEM, sparked speculation of ANSEM buying CASHCAT.

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH) Ethereum closed the week in the green with a modest 3% gain. Buyers wanted to push ETH higher, but sellers came in strong at the $1,800 key resistance and stopped the uptrend.

If bulls cannot break resistance, the price will have no choice but to reverse and approach support at $1,500. This would place this cryptocurrency in a range between $1,500 and $1,800.

Looking ahead, Ethereum had a brief relief rally that appears to have stopped. To resume it, the price has to turn $1,800 into support. Any failure there would give sellers another chance at new lows.

Source: TradingView Ripple (XRP) XRP is closing the week flat and remains near support at $1. Buyers attempted to push XRP beyond $1.18, but that resistance held, sending XRP into a pullback.

While support at $1 appears strong, sellers could attempt to break it again in the future. Repeated testing of a key support is a sign of weakness. Therefore, bulls should do their best to avoid another drop to $1.

Looking ahead, even if this cryptocurrency is taking its time to make up its mind, the overall trend remains bearish with clear lower lows and highs. This puts sellers in a favorable position. If support at $1 breaks, the next target is $0.85.

Source: TradingView Cardano (ADA) ADA continues to struggle since testing the $0.15 support. Buyers attempted to escape but lost momentum, allowing sellers to return. That’s also why the price only managed a modest 1% gain this week.

With buyers back on the defensive, a re-test of the key support appears likely. Should that not hold, then the next support is found at 10 cents, which will also serve as a key psychological level.

Looking ahead, Cardano remains very weak. Every bounce was sold into, and all attempts at a breakout since 2025 were rejected. This has sustained the current downtrend, which is still ongoing. Perhaps the support at $0.10 may change that later.

Source: TradingView Binance Coin (BNB) This week, Binance Coin only managed a 2% gain. However, that was insufficient to reclaim the support at $580, which is now acting as resistance. Because of that, sellers are likely to take BNB towards $500, which is the current support.

While the downtrend is intact and may continue to make lower lows, the sell volume has been declining since the start of 2026. At this rate, buyers could eventually gather enough strength to regain control.

Looking ahead, it looks like this cryptocurrency will test the support at $500 before buyers make their presence known in the order books. For this reason, it is best to wait for that level to be tested before taking any position.

Soource: TradingView Hype (HYPE) HYPE also managed only a modest 1% gain this week after sellers returned at the $72 resistance to push it lower. Since then, the price dropped to $66 and is struggling to maintain its uptrend.

More concerning is that the price is making lower highs. To bring back confidence, buyers will need to demonstrate strength, and the best way to do that is with a new all-time high in the future.

Looking ahead, if HYPE fails to break above $72, sellers will likely capitalize on this weakness and push it under $63, the current support. While that is not so bad, a drop below $60 will likely end the current uptrend.

Source: TradingView Tags:

Morgan Stanley upgrades Lenovo's rating to Overweight, sets target price at HK$30.

AI reshapes the memory market landscape, transforming Lenovo from a victim of cyclical pressures into a beneficiary of pricing power, as Morgan Stanley significantly upgrades Lenovo Group’s rating and target price. Morgan Stanley’s Howard Kao-led team raised Lenovo’s rating from Neutral to Overweight, sharply lifting its target price from HK$14.20 to HK$30.00, representing around 34% upside from its HK$22.32 closing price on July 8. The report notes that AI-driven demand has fundamentally altered the supply-demand dynamics of the memory market, enabling Lenovo to pass on higher component costs to customers while preserving its profit margins. The bank forecasts this trend will persist at least through the second half of 2026.

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Cardano Founder Denies Resignation Rumors: "They are completely untrue and entirely fabricated."

Cardano founder Charles Hoskinson has denied rumors of his departure, calling them "fake, a complete lie, and totally fabricated." The rumors have spread widely—one London taxi driver even told visiting Cardano supporters that he had heard the founder was about to retire.

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Binance will adjust the funding rate cap for SK Hynix U-margined perpetual contracts.

Binance will adjust the funding rate cap for its SKHYNIX USDT perpetual contract at 16:15 Beijing Time on July 10, 2026. Following the adjustment, the cap will be lowered from ±2.00% to ±0.50%, effective at 16:00 Beijing Time on July 10, 2026.

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Aqua Labs signed a strategic investment agreement with PayTheFly at its headquarters in Abu Dhabi’s ADGM, to jointly advance the construction of global stablecoin payment infrastructure.

On July 8, at the Stablecoin & Digital Asset Innovation Forum 2026 held at ADGM Academy in Abu Dhabi, Aqua Labs officially signed a strategic investment agreement with PayTheFly, announcing their joint push to build a global stablecoin payment infrastructure. PayTheFly, the forum’s exclusive organizer, drew hundreds of attendees including Abu Dhabi’s regulatory body ADGM, relevant UAE government departments, Visa, major banks, Web3 firms, global stablecoin industry leaders, and global payment industry executives, who gathered to discuss the development of stablecoins, digital assets, and global payment infrastructure. As a globally recognized on-chain stablecoin payment protocol, PayTheFly aims to build a new-generation global stablecoin payment infrastructure, offering enterprises secure, efficient, low-cost self-custody acquiring solutions. It is also a core strategic partner of Changer.ae, a licensed compliant institution in the UAE. The pair is collaborating to drive the compliant large-scale adoption of stablecoins in the UAE’s real estate, auto sales, offline retail, and on-chain cross-border settlement sectors. This strategic investment not only reflects Aqua Labs’ high recognition of PayTheFly’s technical strength and growth prospects, but will also accelerate PayTheFly’s strategic layout in the Middle East and global markets, as the two partners work together to advance stablecoin payment infrastructure construction and ecosystem development.

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Binance Stocks will open limit order trading for SK Hynix ADR stocks today.

According to an official announcement, Binance will allow users to place regular limit orders for whole shares of SK hynix Inc. ADR via pre-issuance trading using the temporary code SKHYV, starting at 17:05 (UTC+8) on July 10, 2026. Each SK hynix ADR represents one-tenth (1/10) of a common share of SK Hynix Inc. listed on the Korea Exchange, and holders are subject to standard ADR fees charged by the depositary bank. Pre-issuance trading for SKHYV will start at 17:05 (UTC+8) on July 10, 2026, and close at 04:00 (UTC+8) on July 11, 2026. The code is expected to change to SKHY at 21:30 (UTC+8) on July 13, 2026, when regular trading will commence. Based on Nasdaq’s historical performance, the stock is not expected to open during regular hours; the initial price discovery phase typically lasts several hours, and orders will be executed after the market officially opens. Only limit orders are supported, including Good-Till-Cancel (GTC) and day orders, while market orders are not allowed. Any unfilled SKHYV orders after the pre-issuance trading session ends will be invalid. Price limit rules apply to all National Market System (NMS) stocks. If the price exceeds the limit, trading will be suspended until Nasdaq lifts the suspension. Partner brokers may impose net buy limits or caps. Full securities lending for SKHY will take effect after trade settlement (T+1 trading day). The above new stock trading is subject to user eligibility based on their country or region.

11 minutes ago

CASHCAT’s market capitalization briefly hit an all-time high, surging over 40% intraday.

According to GMGN market data, Robinhood Chain meme coin CASHCAT briefly hit a new all-time high in market capitalization, currently trading at $152 million with an intraday increase of over 40%. Meme coins are highly volatile, so investors should be mindful of associated risks.

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Crypto wallet provider Phantom and the Hyperliquid Policy Center have urged the US Commodity Futures Trading Commission (CFTC) to exempt blockchain protocol developers and non-custodial wallet providers from regulations designed for traditional financial intermediaries.

In response to a CFTC request for information on regulations affecting fintech firms, the companies asked the agency to confirm that blockchain protocol developers do not have to register solely for creating onchain software, issue guidance allowing regulated derivatives firms to use blockchain infrastructure, and codify exemptions preventing non-custodial wallet providers from being treated as introducing brokers.

The companies argued that existing CFTC regulations were designed for custodial financial intermediaries that hold customer assets and process trades, while onchain protocols allow users to transact directly without intermediaries controlling funds or executing orders.

Letter to the CFTC. Source: Hyperliquidpolicy.org

They said registration requirements should apply to entities that handle customer funds or execute trades, rather than to developers who create blockchain software or contribute to open-source protocols without controlling how the software is used.

The groups also asked the CFTC to clarify that registered derivatives exchanges, clearinghouses and intermediaries can use onchain infrastructure for functions including trade execution, clearing, settlement, margining and recordkeeping, provided they continue to comply with existing regulations.

The groups said the alternative to adopting the recommendations is the status quo, in which "American users continue to be walled off from onchain derivatives markets," while innovation continues to take place offshore.

Regulatory debate over onchain derivatives intensifiesThe letter comes as crypto companies and traditional exchanges press US regulators over how blockchain-based derivatives should be regulated, with both sides seeking greater clarity on the agency's approach.

In May, Intercontinental Exchange and CME Group reportedly urged regulators to scrutinize Hyperliquid's expansion into commodity-linked perpetual futures, arguing that the decentralized platform's energy derivatives posed market integrity and manipulation risks.

Two weeks later, ICE CEO Jeffrey Sprecher called for a "level playing field" that would allow regulated exchanges to offer 24/7 onchain perpetual futures, saying existing regulations were preventing traditional exchanges from competing with platforms such as Hyperliquid. Sprecher also said ICE had held exploratory discussions with Hyperliquid to better understand onchain derivatives markets.

CME, meanwhile, has continued expanding its own regulated crypto derivatives business. This year, the exchange announced futures tied to Avalanche and Sui, launched CFTC-regulated Bitcoin volatility futures and introduced the Nasdaq CME Crypto Index futures, a market-cap weighted contract tracking seven digital assets.

Despite that expansion, CME sued the CFTC in June over the agency's approval of crypto perpetual futures, arguing the regulator exceeded its authority under the Commodity Exchange Act.

Magazine: The 5 types of real world assets being tokenized fastest onchain

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The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.

The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment with the Commodity Futures Trading Commission on Thursday, arguing the agency's registration rules for exchanges and brokers should not apply to onchain protocol software or non-custodial wallets, according to HPC's own post on X.

The filing responds to a request for information the CFTC and SEC issued jointly in mid-June, seeking industry input on rules that hinder financial-technology innovation.

Three RequestsHPC and Phantom laid out three asks. First, confirmation that publishing onchain protocol software alone does not trigger registration as an exchange or clearinghouse. Second, a clear path for firms already registered with the CFTC to run regulated functions, like matching and clearing, on onchain infrastructure. Third, and most concrete, turning the no-action relief the CFTC granted Phantom in March into a formal rule that would extend to other non-custodial wallet providers.

"The Commission's preexisting rules were built for legacy markets," HPC and Phantom wrote, arguing that onchain markets let users hold their own funds and trade directly, without the chain of intermediaries that broker-dealer rules assume.

The filing lands under CFTC Chairman Michael Selig, who took office in December and has since approved the first U.S.-regulated bitcoin perpetual futures contract in May and opened the door to more onshore perps trading. CME Group has separately sued the CFTC over that approval, arguing perpetual futures should be classified as swaps.