According to Hyperinsight monitoring, SK Hynix’s stock once dipped below $1,200 intraday today, triggering a wave of concentrated bottom-fishing in crypto-related contracts. Across platforms, long positions for SKHX rose significantly; Binance’s funding rate jumped to 0.5% per 8 hours, with trading congestion rising notably. On Hyperliquid, the large wallet posting the strongest profit in this bottom-fishing round is the address starting with 0x803. This address currently holds a 10x isolated long position of 1,500 SKHX contracts, with a notional position size of around $1.949 million and an average entry price of $1,183.3. As of press time, SKHX trades at approximately $1,299.5, some 9.8% above its cost basis. The long position has an unrealized profit of around $174,300, with the return rate climbing to 98.2%—the highest among all visible large SKHX bottom-fishing addresses on the platform, and its liquidation price stands at $1,023.9. Data shows that during SKHX’s accelerated midday dip, this address completed 228 buy orders within roughly half an hour, accumulating 1,500 contracts at prices ranging from $1,165.7 to $1,204.4, with a total transaction value of around $1.775 million. Following SKHX’s subsequent sharp rebound, the position quickly turned from low-level entry to substantial unrealized profit. Currently, the address has placed two take-profit sell orders for 300 contracts each at $1,305.5 and $1,315.5 respectively, totaling 600 contracts with a notional value of around $786,000, covering 40% of its current long position. If both orders are fully executed, the remaining 900 long contracts will retain upside exposure. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message sending permission) to automatically sync on-chain news.
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The market is holding its breath, not falling apart. Bitcoin sits just above $62,600 after a 0.8% daily dip, US inflation data lands today, and the one chart everyone should glance at is not BTC at all. It is Hyperliquid, down 10.3% on the week, the worst print in the entire top 10.
BTC Waits for the CPI Print Bitcoin trades at $62,617 as of July 14, 2026, per CoinGecko, down 0.8% over 24 hours and nearly flat, minus 0.7%, across the week. Market cap: $1.256 trillion. Volume: $27.3 billion.
The shape of the week matters more than the numbers. BTC absorbed the US and Iran escalation, a wave of long liquidations, and a slide toward $60,000, then stabilized in the low $62,000s ahead of today’s inflation report. Flat after that sequence is not weakness. It is a market that has already sold its fear and is waiting for a reason to do anything else.
The reason arrives today. A cool CPI print revives rat e-cut bets and risk appetite; a hot one sends BTC back to test the $60,000 round number it has been circling for a week. Until the data drops, the $60,000 to $64,000 box is the whole map, and this desk covered the top of that box last week. The box has not changed. The catalyst has a timestamp now.
ETH Stands Alone, XRP Leans on $1 One number stands out on the majors board: Ethereum is the only large cap green on the week, up 0.8% at $1,786. Everything else in the top 10 is red over seven days. When a single major diverges through a storm like this one, it is usually telling you where the next rotation starts, and ETH held that role through last week’s rally too. Watch whether it keeps the crown through the CPI reaction.
XRP is the opposite story. At $1.07, down 5.1% on the week, it keeps drifting toward the round $1.00 after breaking the $1.11 level our XRP coverage flagged as the line between a dip and a top. The break resolved bearish, and $1.00 is now the level the entire XRP conversation compresses into.
Solana slid to $75.05, down 7.7% weekly, still digesting both the macro storm and the BonkDAO drain we covered in this week’s BONK report. Dogecoin sits at $0.07212, and our July prediction page’s warning floor at $0.070 is now two cents of noise away.
HYPE Is the Red Flag of the Week Hyperliquid’s HYPE takes today’s second slot for the ugliest reason: minus 2.9% on the day, minus 10.3% on the week, the worst performance in the top 10, at $63.67 with a $14.2 billion cap. A token built on derivatives-exchange activity underperforming this badly during a volatility spike is counterintuitive; volatility is supposed to be its business. Either traders are pricing something specific, or the token simply carried the most froth into the storm. We have not verified a specific catalyst, and we will not invent one. The chart earns a spot on the watchlist either way: $60 is the round number below, and a bounce back above $67 would retire the concern.
[CHART: BTCUSD daily, July 14. Source: TradingView]
The Numbers That Matter Today BTC: the $60,000 to $64,000 box, CPI as the trigger. ETH: the only green major at $1,786. XRP: $1.00 in sight after losing $1.11. HYPE: worst of the top 10 at minus 10.3% weekly. Total market cap: roughly $2.16 trillion, red but orderly. The data decides the rest today.
FAQ What is the Bitcoin price today? Bitcoin trades at $62,617 as of July 14, 2026, down 0.8% in 24 hours, with a $1.256 trillion market cap ahead of today’s US inflation report.
Why is HYPE falling? HYPE is down 10.3% on the week, the worst in the top 10, at $63.67. No single confirmed catalyst is visible in the data; the move fits broad risk-off pressure hitting the frothiest large caps hardest.
Why is Ethereum up while everything else is down? ETH is the only top-10 major green over seven days, up 0.8% at $1,786, extending the relative strength it showed through last week’s rally and pullback.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
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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14 July 2026 | 20:08 JPMorgan has lowered its earnings estimates for Circle and Coinbase, arguing that their revised USDC arrangement with Hyperliquid exposes a structural weakness in the stablecoin’s distribution model.
Key Takeaways JPMorgan said the Hyperliquid agreement creates a “prisoner’s dilemma” in which Circle and Coinbase may sacrifice margins to protect USDC distribution. Hyperliquid holds approximately $5.5 billion to $6 billion in stablecoins, with USDC accounting for nearly 94% of the on-chain supply. The frequently cited $160 million figure came from an earlier Compass Point estimate and represents potential reserve yield redirected to Hyperliquid, not a confirmed net loss. Robinhood Chain has already overtaken Hyperliquid in seven-day spot DEX volume despite launching on July 1, showing how quickly competing platforms can establish their own preferred stablecoin rails. Hyperliquid Gains the Yield Without Issuing USDC Under the revised structure, Coinbase becomes the official USDC treasury deployer on Hyperliquid. Circle remains responsible for the technical infrastructure needed to mint, redeem and move USDC across supported networks.
The arrangement preserves USDC as Hyperliquid’s primary collateral and quote asset across its spot, perpetual and other on-chain markets. It also gives the protocol access to most of the income generated by the underlying reserves.
Hyperliquid’s Aligned Quote Asset framework states that deployers share approximately 90% of cost-adjusted reserve yield generated by their supply with the protocol. Aligned assets receive trading advantages including lower taker fees, improved maker rebates and greater volume contribution toward fee tiers.
The payment is not interest distributed directly to USDC holders. It is protocol-level revenue derived from the cash and short-term government securities backing the stablecoin. Hyperliquid captures much of that income in exchange for making USDC the preferred dollar asset across its markets.
That distinction explains why the agreement can strengthen USDC’s utility while weakening its economics for Circle. The stablecoin gains volume, collateral demand and distribution, but its issuer retains a smaller portion of the reserve income attached to those balances.
Why JPMorgan Sees a Prisoner’s Dilemma JPMorgan described the arrangement as a “prisoner’s dilemma” because Circle and Coinbase both benefit from wider USDC adoption but can compete over which company gives more of the economics to major distributors.
If neither company offers favorable terms, a large platform could support another stablecoin or create its own. If one side accepts a lower margin to secure the platform, the other risks losing distribution unless it participates in the concession.
JPMorgan estimates that Hyperliquid holds around $6 billion in USDC, equal to roughly 8% of the token’s circulating supply. At the time of writing, DefiLlama showed approximately $5.5 billion in stablecoins on Hyperliquid L1, with USDC representing 93.87% of the total.
Coinbase previously treated much of the USDC held outside its platform differently from balances held directly on Coinbase. JPMorgan said that classifying Hyperliquid’s USDC as on-platform allows Coinbase to collect the associated reserve income before transferring 90% of the adjusted amount to Hyperliquid.
The structure may still benefit Coinbase strategically. Acting as treasury deployer strengthens its role in minting, redemption, liquidity management and fiat access around one of the largest pools of on-chain dollars. The trade-off is that securing that position requires Coinbase and Circle to give up most of the reserve yield generated there.
The $160 Million Estimate Needs Qualification The estimate that as much as $160 million in annual revenue could move toward Hyperliquid did not originate in JPMorgan’s July report. Compass Point produced the estimate in May, when Hyperliquid held approximately $5 billion to $5.5 billion in USDC.
The figure represented an estimate of reserve income that could be redirected under the yield-sharing arrangement. It should not be treated as a confirmed reduction of the same size in Circle and Coinbase earnings.
The eventual impact depends on several variables: The average amount of USDC held on Hyperliquid Short-term interest rates and the return on USDC reserves The costs deducted before the 90% share is calculated How the income would otherwise have been divided between Circle and Coinbase Additional revenue Coinbase earns from treasury deployment and related services The concern is still material because reserve income dominates Circle’s financial model. In its first-quarter filing with the Securities and Exchange Commission, Circle reported $652.5 million in reserve income and $405.4 million in distribution and transaction costs.
The Hyperliquid terms add to costs that already consume a substantial portion of the income generated by USDC reserves. JPMorgan consequently sees the agreement as a larger long-term issue for Circle than for Coinbase, which has a broader mix of trading, custody, subscription and infrastructure revenue.
Robinhood Shows How Quickly Distribution Can Shift Hyperliquid is not the only platform gaining leverage over stablecoin providers. Robinhood launched the public mainnet of Robinhood Chain on July 1, only 13 days before the latest DefiLlama comparison.
By July 14, Robinhood Chain had accumulated approximately $161.7 million in DeFi TVL, $327.6 million in stablecoins and $3.9 billion in seven-day spot DEX volume. Hyperliquid L1 recorded approximately $1.31 billion in spot volume over the same period.
Robinhood Chain launched and the numbers are astounding.
We dug into the metrics in this week’s edition of the DefiLlama newsletter.https://t.co/1Hs2HHmxTR pic.twitter.com/FLyJ5XNYgK
— DefiLlama.com (@DefiLlama) July 14, 2026
Robinhood therefore generated nearly three times Hyperliquid’s weekly spot DEX activity despite being less than two weeks old. The comparison is limited to spot trading. Hyperliquid remained substantially larger in its core perpetual-futures market, processing approximately $42.5 billion over seven days compared with $24.5 million on Robinhood Chain.
The quality of Robinhood’s early activity also remains unproven. Its seven-day spot volume was roughly 24 times its TVL, an unusually high turnover rate that may reflect launch activity, short-lived speculation or repeated trading through a relatively small pool of liquidity.
The stablecoin composition is more relevant to JPMorgan’s argument. USDG represented around 68% of Robinhood Chain’s stablecoin supply, while Robinhood Earn uses USDG rather than USDC for its on-chain lending product.
A new distribution platform can therefore build substantial liquidity without making USDC its default dollar asset. That increases the pressure on Circle and Coinbase to offer better economics when negotiating with exchanges, wallets, fintech applications and blockchain operators.
Longer-Term Threat JPMorgan’s argument becomes stronger if USDC distribution continues expanding while Circle’s retained income per dollar in circulation declines. The next Circle and Coinbase earnings reports should show whether distribution costs rise faster than the revenue created by additional USDC balances.
The margin-pressure thesis would gain support if USDC balances on Hyperliquid remain near or above $6 billion, making the yield-sharing concession a recurring cost rather than a temporary arrangement. Disclosures showing reserve income flowing into Hyperliquid’s Assistance Fund or being used for HYPE purchases would make the agreement’s economic effect more visible. Continued growth of USDG on Robinhood Chain, or of other regulated stablecoins on competing platforms, would further increase the value of distribution access. For Circle, the clearest financial warning would be distribution expenses rising faster than reserve income, confirming that wider USDC adoption is being achieved at the cost of lower retained margins.
The agreement does not show that USDC is losing relevance. Hyperliquid’s dependence on the stablecoin confirms its importance as trading collateral and on-chain dollar liquidity. The risk is that USDC becomes more widely used while a growing share of the value it generates is captured by the platforms controlling access to users and trading volume.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
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Jeremy Allaire Circle CEO. (The Washington Post / Getty Images) Summary
JPMorgan said a new arrangement with Hyperliquid is a near-term revenue headwind for Circle and Coinbase, with a greater long-term threat to Circle's USDC economics. The bank argued the deal exposes a "prisoner's dilemma," encouraging Circle and Coinbase to compete for USDC distribution at the expense of each other's economics. The Wall Street firm lowered earnings estimates for both firms, citing the Hyperliquid changes alongside weaker crypto trading volumes and asset prices.JPMorgan (JPM) lowered its forecasts for Circle Internet (CRCL) and Coinbase (COIN), saying their revamped agreement with Hyperliquid weakens the economics of Circle's USDC and posed a bigger long-term threat to the stablecoin issuer.
The bank said the deal created a "prisoner's dilemma," incentivizing stablecoin issuer Circle and crypto exchange Coinbase to compete for distribution of the dollar-pegged token at the expense of each other's economics.
Hyperliquid, now one of the largest crypto trading venues, holds about $6 billion of USDC, or roughly 8% of the circulating supply, JPMorgan estimated.
"We think the change in the Hyperliquid relationship showcases the challenge for Circle and Coinbase partnership agreements because it can create 'a prisoner’s dilemma' that drive Coinbase and Circle to compete with each other when promoting USDC distribution," analysts led by Kenneth Worthington said in the Tuesday report.
Hyperliquid is one of crypto's fastest-growing trading venues and the leading decentralized perpetual futures exchange. The platform processed more than $150 billion in trading volume in July alone, while its volume relative to Binance climbed to 11.5%, underscoring its growing share of the derivatives market. USDC balances on Hyperliquid have swelled to roughly $6 billion, making it an increasingly important distribution channel for the stablecoin.
Under the new arrangement, Coinbase will classify USDC on Hyperliquid as "on-platform," collecting the income generated by reserves and paying 90% of it to Hyperliquid. JPMorgan estimated Coinbase previously split nearly all of the revenue evenly with Circle.
The bank cut earnings estimates for both companies, citing the Hyperliquid agreement and weaker crypto markets, though it expects higher interest rates to provide some support for USDC-related revenue over the longer term.
USDC has also lost momentum in recent months. Its circulating supply has fallen to about $73 billion from nearly $80 billion in March, part of a broader $10 billion contraction in the stablecoin market since May as crypto trading activity cooled and new regulated rivals chipped away at the dominance of USDC and Tether's USDT.
Japanese investment bank Mizuho said in a report last week that Circle's final approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank is a positive milestone, but investors may be overestimating its significance.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
JPMorgan has lowered its earnings forecasts for Circle and Coinbase, warning that a new revenue sharing agreement with Hyperliquid is weakening the economics behind USDC.
The bank said the arrangement creates a “prisoner’s dilemma” that encourages Circle and Coinbase to compete for USDC distribution at the expense of their own revenue. JPMorgan described the deal as an immediate earnings headwind for both companies and a larger long term threat to Circle.
Hyperliquid holds roughly $6 billion in USDC, representing about 8% of the stablecoin’s circulating supply, according to estimates from JPMorgan.
Under the revised agreement, Coinbase classifies USDC held on Hyperliquid as an on platform balance. Coinbase collects the income generated by the reserves backing those tokens and passes 90% of it to Hyperliquid. The company previously shared nearly all of that income evenly with Circle, JPMorgan said.
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“We think the change in the Hyperliquid relationship showcases the challenge for Circle and Coinbase partnership agreements,” analysts led by Kenneth Worthington wrote in a Tuesday report.
The agreement was announced in May as part of Hyperliquid’s updated Aligned Quote Asset framework. Coinbase became the treasury deployer for USDC on the network, while Circle remained responsible for minting, redemptions and crosschain transfer infrastructure.
Circle also staked 500,000 HYPE tokens as part of the arrangement. USDC remains the main collateral asset across Hyperliquid’s spot and perpetual futures markets.
Hyperliquid processed more than $150 billion in trading volume during July, while its volume relative to Binance reached 11.5%, according to JPMorgan. The bank said the platform’s growing share of the crypto derivatives market has made it an increasingly important distribution channel for USDC.
Previous estimates from Compass Point suggested the agreement could redirect between $135 million and $160 million in annual reserve income toward Hyperliquid. The firm estimated that the arrangement could reduce the combined annual earnings of Circle and Coinbase by between $60 million and $80 million.
JPMorgan also cited weaker crypto trading volumes and asset prices in cutting its forecasts for both companies. Higher interest rates could provide some support for USDC reserve income over the longer term.
USDC circulation has fallen to approximately $73 billion from nearly $80 billion in March. The broader stablecoin market has contracted by about $10 billion since May as crypto trading activity weakened and competition from regulated stablecoin issuers increased.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
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.
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 Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
The Hyperliquid chain’s total Open Interest reached $11.07 billion on July 13, the highest in 2026. HIP-3 markets, or Hyperliquid Improvement Proposal 3, contributed to $3.69 billion, another record, reported Wu Blockchain in a post on X.
Just a couple of days ago, though, it was reported that the new Ethereum Layer-2, Robinhood Chain, had surpassed Hyperliquid and BNB in daily speculative interest.
Viral memecoin launches like CashCat helped fuel the Robinhood volume, and it is unclear if this enormous volume can be sustained during periods of less memecoin speculation.
Hyperliquid is a market-proven product. Will this be enough for its price trends to improve in July?
The Hyperliquid uptrend remains intact Source: HYPE/USDT on TradingView A bullish swing structure was in place for HYPE. An upward continuation was established when the previous swing high at $59.412 [green] was breached to the upside in May. Since then, the altcoin has set a new high at $76.955.
Using the move from $20.48 to $76.95, a set of Fibonacci retracement levels [orange] was plotted. It showed that the coveted golden pocket for swing traders and investors sat in the $32.56-$42.05 area.
The golden pocket outlines a high-probability trend resumption zone between the 61.8%-78.6% retracement levels. Therefore, in the long run, a correction to this region should offer an investing opportunity.
As things stand, HYPE is a long way from such a massive retracement. The CMF was above +0.05, and the OBV was climbing, to show steady buying pressure. Meanwhile, the MACD signaled waning bullish momentum.
Traders’ call to action- Respect the range Source: HYPE/USDT on TradingView A range formation between $53.3 and $74.6 has been in place since early June. At the time of writing, the Hyperliquid token was trading below the mid-range support at $64.
This signaled a potential drop toward the lower end of the range. The CMF’s -0.14 reading showcased heavy capital outflows. The MACD has formed a bearish crossover below the zero line to signal that downward momentum was gaining strength.
Swing traders can wait for a drop toward $53-$54 before looking to buy. It is also possible that the $60 round-number level might yield a price bounce.
As things stand, traders can wait for this range to break down before they can begin anticipating a correction toward $32.
Final Summary Hyperliquid reached its highest Open Interest of 2026 on Monday. Robinhood Chain’s surge in daily speculative interest recently might not be enough to topple the leading DEX. The higher timeframe HYPE price trends were bullish. For now, the $53.3 and $74.6 levels were the ones swing traders should watch.
Hyperliquid's (@HyperliquidX) HIP-3 markets have gone from a footnote to a dominant force on the platform in a matter of months. HIP-3's share of total Hyperliquid perpetual volume has climbed from roughly 2% at the start of the year to around 50% now, coinciding with growing retail appetite for trading equities onchain.
What Is HIP-3 and Who Is Driving Volume? HIP-3 is a Hyperliquid network upgrade launched in October 2025 that allows permissionless deployment of perpetual futures markets by staking 500,000 $HYPE tokens. The framework has opened the door to 24/7 trading of assets that have historically been locked behind exchange hours and brokerage accounts.
The category is dominated by TradeXYZ, which runs markets like XYZ100 (tracking the Nasdaq-100) and single-stock contracts on names like Nvidia and Tesla, all settled in stablecoin rather than the underlying shares. Open interest surpassed $1.43 billion within months of launch, with tokenized stocks and commodities representing 23 out of the top 30 trading pairs on Hyperliquid.
Open interest across HIP-3 markets grew from roughly $790 million in January 2026 to a peak of $3.2 billion by June, according to Grayscale. Hyperliquid's HIP-3 onchain perpetual futures market has also surpassed $309 billion in cumulative trading volume, highlighting growing adoption for permissionless, around-the-clock derivatives markets.
A Broader Shift in How Retail Traders Access Markets The HIP-3 market's ability to offer round-the-clock exposure to these assets without traditional market hours has been a key factor in attracting volume. For retail traders who want to react to earnings reports or macro events outside of exchange hours, the appeal is straightforward.
The surge in HIP-3 activity sits inside a much larger growth story for Hyperliquid overall. Hyperliquid holds 6.2% of the global market for perpetuals by volume, up from just 4% at the start of 2026, and 70% of the global market for decentralized perpetuals. The platform processed $633 billion in trading volume during Q1 2026 alone.
Seven of Hyperliquid's top ten markets by volume are now tokenized equities or commodity futures rather than traditional cryptocurrency pairs, a sign that the platform's user base is increasingly looking beyond crypto for trading opportunities.
Sources:
The Block: Hyperliquid's HIP-3 markets surge to nearly 50% of perp volume
CoinGecko: Hyperliquid HIP-3 and HIP-4 Explained
FinanceFeeds: Hyperliquid HIP-3 Open Interest Explained
Key Takeaways HYPE has declined more than 2% on Monday, with the token now challenging critical support near the $68.50 trendline Futures Open Interest contracted by over 2% across 24 hours to reach $2.72 billion, accompanied by $2.48 million in liquidated long positions Institutional investors poured $10.36 million into HYPE ETFs during the previous week, marking a ninth uninterrupted week of capital inflows Markets launched under HIP-3 have expanded their share of Hyperliquid perpetual trading volume from 2% to approximately 50% throughout 2026 Critical support rests at the 50-day EMA level of $63.13; a breakdown beneath this threshold may drive prices toward $53.71 Hyperliquid (HYPE) is currently exchanging hands near $65 on Monday, reflecting a decline exceeding 2% as widespread risk aversion across markets weighs on cryptocurrency valuations. This downturn continues the negative price movement observed during the previous week.
Hyperliquid (HYPE) Price Escalating geopolitical tensions between the United States and Iran centered around oil tanker navigation rights in the Strait of Hormuz have triggered a flight from risk-oriented assets, with cryptocurrencies caught in the selloff. Alternative tokens such as HYPE have experienced heightened selling pressure as a result.
Derivatives market intelligence from CoinGlass indicates that Open Interest decreased by more than 2% during the last 24-hour period, settling at $2.72 billion. Aggregate liquidation events reached $2.93 million, with positions betting on price increases accounting for $2.48 million of this figure.
The funding rate metric has experienced a pronounced decline to 0.0275%, signaling an increase in traders establishing short positions. This represents a notable departure from the optimistic market positioning observed in prior weeks.
Institutional Capital Continues Flowing In Notwithstanding near-term price weakness, HYPE exchange-traded funds attracted $10.36 million in net inflows throughout the past week. This achievement represents the ninth consecutive week that institutional investment vehicles focused on HYPE have recorded positive capital flows.
Source: SoSoValue Cryptocurrency analyst Michaël van de Poppe shared an optimistic assessment on July 12, stating that the HYPE chart “is ready to break out upwards” with a price objective of $100. His thesis rests on consistent revenue expansion, a pattern of ascending peaks and troughs, and the asset maintaining position above both its 21-day and 50-day moving average indicators.
The $HYPE chart is super strong.
It's ready to break out upwards, and the next target is going to be $100.
The reasons for the fact that this is the case:
– Constant revenue growth and value accrual to the token.
– Holding above the 21-Day and 50-Day MA's.
– Constant higher… pic.twitter.com/S6AZSY1Ecr
— Michaël van de Poppe (@CryptoMichNL) July 12, 2026
From a technical perspective, HYPE is currently challenging a breakout from an important ascending trendline situated around $68.50. The 50-day exponential moving average positioned at $63.13 now represents the nearest support zone requiring monitoring.
The Relative Strength Index has deteriorated below the neutral 50 mark to 48, while the MACD indicator is charting below its signal line. These technical readings collectively suggest diminishing bullish momentum.
A daily candle closure beneath the $63.13 threshold could establish conditions for a move toward the 50% Fibonacci retracement level located at $53.71. Conversely, a price recovery scenario would establish the previous swing high at $75.58 as the initial resistance target.
The protocol’s contribution to aggregate Hyperliquid perpetual futures volume has surged from roughly 2% when 2026 commenced to approaching 50% presently. This expansion correlates with increasing retail trader appetite for onchain equity derivatives products.
TradeXYZ has emerged as the dominant participant within this category, operating markets including XYZ100 (which tracks the Nasdaq-100 index) alongside individual equity perpetuals on companies like Nvidia and Tesla, all settled using stablecoins.
The continuous 24/7 market availability represents a fundamental attraction point—participants can respond to breaking developments at any moment without restriction to traditional market hours.
HYPE exchange-traded funds documented their ninth consecutive week of institutional capital inflows totaling $10.36 million as of the most recent reporting period.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
18 minutes ago
Analysis: AI data centers have pushed U.S. electricity prices up by $23 billion, and the costs are likely to continue being borne by residents.
According to a study cited by Fortune, the rapid expansion of AI data centers in the United States has driven a sharp rise in public power costs. PJM Market Monitor, the entity overseeing power grids across 14 U.S. Mid-Atlantic and Midwest states, projects that the additional power demand from data centers will lead to power users bearing roughly $230 billion in extra costs, an impact that will persist through at least the end of 2028. The report notes that while multiple major tech companies have committed to covering the costs of new power infrastructure, since public utility expenses such as transmission lines, substations and grid upgrades are typically shared uniformly by regulators, some costs may still be passed on to residential and general commercial users. The study also points out that some data centers can reduce their power usage during grid peak periods by flexibly adjusting their load, thereby cutting their share of grid costs allocated based on peak load. However, they still consume large volumes of electricity, meaning their actual cost burden may be lower than the strain they exert on the grid. Analysts believe that as AI infrastructure construction continues to accelerate, issues such as power cost allocation mechanisms, data center power pricing and rising residential electricity rates are emerging as key challenges facing U.S. energy regulators.
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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Hyperliquid, a decentralized derivatives exchange, saw its total open interest climb to an all-time high of $11.07 billion on July 13, 2026, according to data from DeFiLlama, cited by Wu Blockchain. The platform’s open interest later settled slightly lower at $10.88 billion, but remained near record levels, indicating robust participation in derivatives trading.
Elevated open interest signals strong activityDeFiLlama, which tracks decentralized finance market metrics, reported that Hyperliquid’s open interest reached its peak for the year as traders kept substantial positions open. Open interest reflects the total value of active derivatives contracts that have yet to be settled or closed out.
Analysts noted that open interest levels above $11 billion indicate strong engagement from market participants, despite minor pullbacks after the spike. Open interest, on its own, does not distinguish between the betting direction of traders; it merely highlights the aggregate capital locked into ongoing contracts.
Open interest gauges not only the activity within derivatives markets but also signals broader leveraged exposure across decentralized finance, irrespective of price direction or momentum.
Market observers continue to compare open interest data with factors like trading volume and price movements to assess risk and leverage in the ecosystem.
HIP-3 and RWA markets drive growthWu Blockchain added that HIP-3 markets contributed approximately $3.69 billion to Hyperliquid’s total open interest, setting a new record for that segment on the decentralized exchange. HIP-3 represents a category of perpetual futures tracking multiple assets, expanding the range of products offered on Hyperliquid.
In addition, MSB Intel reported that real-world asset (RWA) open interest on Hyperliquid surged to about $3.6 billion. This milestone put a spotlight on increased demand for tokenized traditional assets in decentralized trading platforms.
Mini dictionary: RWA (Real-World Assets): Tokenized representations of traditional assets such as commodities, securities, or credit products, traded on blockchain-based platforms.
Institutional interest in tokenized asset derivatives is pushing RWA open interest to new highs, with $3.6 billion reached on Hyperliquid and a total platform open interest of $11 billion for 2026.
The expansion in RWA-based derivatives highlights growing appetite for exposure to non-crypto instruments within decentralized finance. However, analysts emphasize the continued need for effective liquidity monitoring and risk controls as volumes expand.
MarketOpen InterestRecord DateTotal (Hyperliquid)$11.07 billionJuly 13, 2026HIP-3$3.69 billionJuly 13, 2026RWA$3.6 billionJuly 13, 2026Technical levels and future outlookCharts show that Hyperliquid open interest has rebounded sharply from early 2026 lows near $5 billion, forming higher highs and higher lows throughout the year. Analysts point to resistance zones between $11 billion and $12 billion, with a breakout above this level potentially opening the door to targets near $13 billion to $15 billion. The historical peak region between $15 billion and $16 billion also serves as a reference for future movements.
On the downside, initial support lies between $9 billion and $9.5 billion, while a further decline could find stability near $6 billion to $7 billion. These key technical areas may influence trader behavior and leverage deployment across Hyperliquid’s markets.
Hyperliquid’s recent surge in open interest and record-setting performance in both HIP-3 and RWA markets demonstrate the evolving structure and growing sophistication of decentralized derivatives trading in 2026.
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.
Galaxy Digital CEO Mike Novogratz has stated that cryptocurrency volumes have increased by 20% to 30% from previous lows, suggesting a renewed enthusiasm in the market. He highlighted that smaller positive developments are contributing to this upswing. Novogratz’s remarks align with recent data indicating a 19% rise in centralized exchange volumes, a notable growth over four consecutive months. Additionally, Robinhood Chain, an Ethereum Layer 2 network, reported significant usage, surpassing Hyperliquid’s activity on its launch day. This surge in activity on new platforms like Robinhood Chain reflects a shift in liquidity, potentially affecting the dynamics within the crypto market.
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Key Takeaways Novogratz’s statement suggests a positive shift in crypto market sentiment, with volumes increasing significantly from recent lows. Robinhood Chain’s debut highlights a migration of liquidity toward emerging networks, surpassing established platforms like Hyperliquid. Market participants appear encouraged by these developments, indicating a shift from speculative interest to practical use cases. What to Watch Observers will be keen to see if the increase in volumes sustains and influences the broader market, particularly in relation to Hyperliquid’s performance. Any further announcements from major platforms like Robinhood or strategic partnerships involving Hyperliquid could provide additional insights. Markets will also watch for shifts in sentiment and volume that could impact the pricing of Hyperliquid, especially as the year progresses toward the end of 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
Financials Crypto Sector protocols, such as Hyperliquid’s $HYPE, are reportedly outperforming Consumer & Culture Sector tokens. This development is attributed to strong fundamentals, including real cash flows, stablecoins, tokenization, and increased blockchain adoption. Hyperliquid, a decentralized perpetuals exchange, has emerged as a leader in on-chain derivatives, benefiting from fees and a robust token buyback program. The protocol’s success is further bolstered by institutional interest and strategic partnerships, including Circle’s investment and integration with USDC on its HyperEVM platform.
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Key Takeaways Market activity suggests that $HYPE’s performance is consistent with a broader trend favoring financial sector tokens with strong cash flow fundamentals. Current pricing indicates a moderate increase in the probability of Hyperliquid reaching $100 by the end of 2026, suggesting positive investor sentiment. The financial sector’s focus on real yield and tokenization appears to be driving market rewards over consumer-focused narratives. What to Watch Watch for further institutional involvement, such as new partnerships or investments, which could support a YES outcome for Hyperliquid reaching $100. Potential risks include regulatory challenges or security breaches that could impact sentiment negatively. Developments in blockchain technology adoption and stablecoin integration will also be key indicators for the protocol’s future performance.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
Hyperliquid’s HIP-3 markets have experienced a significant increase in perpetual futures market volume, now accounting for nearly 50% of the protocol’s total perp volume. This marks a substantial rise from roughly 2% at the beginning of 2026. The surge is primarily driven by the onchain activity in real-world assets, including tokenized U.S. equities and commodities. With 23 of the top 30 Hyperliquid pairs by open interest, the growth reflects a shift towards 24/7 access to traditional assets, especially during periods of geopolitical volatility when legacy markets are closed. Market participants are increasingly favoring HIP-3’s framework for its ability to offer continuous exposure to these assets.
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Key Takeaways The increase in HIP-3’s market share appears consistent with growing interest in onchain access to tokenized real-world assets. Hyperliquid’s recent performance suggests market participants are rotating from altcoins to tokenized stocks and commodities. The rise in onchain stock activity may indicate a longer-term trend toward integrating traditional financial assets into blockchain ecosystems. What to Watch The market will be closely monitoring if Hyperliquid can sustain or further increase its market share in perpetual futures. Key indicators include announcements of partnerships or technological advancements that could enhance Hyperliquid’s offerings. Additionally, developments in geopolitical events or regulatory changes impacting real-world asset tokenization could significantly influence market sentiment and pricing, potentially affecting Hyperliquid’s trajectory towards its $100 price target by the end of 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
Hyperliquid’s HIP-3 markets have surged to nearly 50% of the protocol’s perpetual futures volume, reflecting a significant shift towards on-chain activity in tokenized traditional assets such as U.S. stocks, commodities, and indices. As of July 12, 2026, the HIP-3 markets have reached an open interest of $3.68 billion, with cumulative volume surpassing $309 billion since the upgrade’s launch in October 2025. This growth underscores the increasing appeal of non-crypto assets in the crypto derivatives markets, as they now dominate seven of Hyperliquid’s top ten volume markets. The trend challenges centralized exchanges and traditional finance infrastructure by attracting more participants towards decentralized avenues.
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Key Takeaways The surge in Hyperliquid’s HIP-3 market volume suggests a growing interest in on-chain access to tokenized traditional assets. Non-crypto assets are now predominant in Hyperliquid’s top volume markets, indicating a shift in the focus of crypto derivatives. Market pricing implies that the increased activity could support scenarios where Hyperliquid’s value continues to rise, consistent with increased YES outcomes. What to Watch Future developments could further influence Hyperliquid’s market trajectory. Announcements of major partnerships or technological advancements by Hyperliquid could be supportive of YES scenarios, potentially driving the asset closer to the $100 mark by the end of 2026. Conversely, any reports of security issues or regulatory challenges could suggest scenarios leading to a decline in market confidence. Market participants will be closely monitoring these factors and their potential impacts on Hyperliquid’s pricing trends.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
At press time, XRP was trading at $1.06, down 3.53% in the last 24 hours and 7.54% in the past week. This made it the second-biggest loser among the top ten cryptocurrencies during that period, trailing only Hyperliquid (HYPE), which is down 6.55% in the past day.
Key factors that influenced the XRP price todaySeveral factors are to blame for this decline, the biggest being a broader market downturn as investors anticipate inflation-induced interest rate hikes. A week ago, Iran re-ignited its conflict with the US after attacking three commercial vessels off the coast of Oman. This led to the collapse of the June 17 peace memorandum, with both nations resuming strikes against each other.
As a result, oil prices are now up over 8-9% in the past 24 hours – something that typically renews macro inflation fears.
Source: oilprice.com
Notably, the US Federal Reserve attributed part of the inflation to the artificial intelligence (AI) boom at its June Federal Open Market Committee (FOMC) meeting. Just today, Fed Governor Christopher Waller warned that if tomorrow’s Consumer Price Index (CPI) reading is high, the Fed could be forced to hike interest rates.
FED AT A CROSSROADS: RATE HIKE BACK ON THE TABLE
Fed Governor Christopher Waller warned that another hot core inflation reading could force policymakers to consider raising interest rates soon.
While the US economy remains resilient, persistent price pressures from tariffs,…
— *Walter Bloomberg (@DeItaone) July 13, 2026 Fed Chairman Kevin Warsh remains slightly positive, arguing that AI could eventually boost economic efficiency, thereby creating a deflationary force in the long term.
Even more, today XRP price broke below the critical $1.07 Fibonacci support, which it had been holding for 158 consecutive days. This further fueled selling pressure, with long liquidations over the past 24 hours totaling $6.67 million, according to CoinGlass.
Technical levels to watch forWith the $1.07 price now acting as the new overhead resistance, the next support levels are the $1.00 psychological floor and the 18.75% Fibonacci level at $0.9980. The final major support line after that is the 12.50% macro retracement level at $0.7925. One analyst, however, has posted evidence of a potential 60,000% gain from a historical perspective.
Ironically, today is the 3rd anniversary of the “XRP Victory Day.” But while the community celebrates the landmark SEC ruling, selling pressures continue to overwhelm local bullish sentiment.
Story Ends Here
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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".
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".
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".
Hyperliquid (HYPE) is down over 2% on Monday, extending last week's decline despite steady weekly institutional inflows of around $10 million. HYPE futures signal reduced retail support as the Open Interest and funding rates take a sharp drop. Technically, a clear breakout of the ascending trendline could threaten the supporting 50-day Exponential Moving Average (EMA) around $63.13.
Broader market weakness weighs down on HYPERenewed strikes between the US and Iran over the passage of oil tankers through the Strait of Hormuz have elevated broader market risk-off sentiment. Demand in the crypto market has eased, with altcoins such as Hyperliquid trading in the red.
CoinGlass data shows the HYPE futures Open Interest is down over 2% in the last 24 hours to $2.72 billion, reflecting a contraction in active leveraged positions. In addition, the total liquidation of $2.93 million, led by $2.48 million in long liquidations, aligns with a reduced risk appetite, mainly from long-position buyers.
At the same time, the funding rate has plunged to 0.0275%, reflecting a sharp shift among traders toward buying short positions at a premium.
However, HYPE-focused Exchange Traded Funds (ETFs) recorded $10.36 million in inflows last week, indicating steady demand from institutional investors. Taken together, the derivatives market signals short-term downside risk in HYPE while the ninth consecutive week of institutional inflows supports long-term upside.
HYPE derivatives data. Source: CoinGlass
HYPE ETFs data. Source: SosovalueTechnical outlook: Will HYPE hold above its 50-day EMA?Hyperliquid trades around $65 at press time on Monday, testing the breakout of a crucial support trendline around $68.50. The path of least resistance guides HYPE toward the 50-day EMA at $63.13, which acts as the immediate support zone. A decisive daily close below $63.13 could extend the decline toward the 50% retracement level at $53.71, measured from the $38.17 to $75.58.
In addition, the momentum is softening on the daily chart, with the Relative Strength Index (RSI) at 48 slipping below the midline. At the same time, the Moving Average Convergence Divergence (MACD) descends below the signal line as the negative histogram expands. Together, the indicators suggest that momentum is shifting neutral to bearish.
HYPE/USD daily price chart.On the topside, a potential rebound could retest the overhead barrier around the previous swing high at $75.58.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Hyperliquid, a decentralized perpetual futures exchange, has reached a new all-time high in real-world asset (RWA) open interest, hitting $3.6 billion. This development is part of a broader surge in the platform’s total open interest, which has peaked at $11 billion for 2026. The increase in RWA open interest highlights Hyperliquid’s growing dominance in the market for tokenized assets like oil futures and equities. As the on-chain RWA market expands, Hyperliquid’s competitive position as a leading venue for RWA-perp activity has strengthened significantly.
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Key Takeaways Hyperliquid’s RWA open interest reaching $3.6 billion suggests increased confidence in the platform’s capabilities. The total open interest for Hyperliquid has risen to $11 billion, indicating a significant rise in derivatives activity on the exchange. Market participants appear to view these developments as supportive of a scenario where Hyperliquid could reach the $100 price target by the end of 2026. What to Watch Market participants will closely monitor Hyperliquid’s continued performance and any further increase in open interest, which could influence its price trajectory towards the $100 target. Key indicators will include announcements of new partnerships, technological advancements, or any significant shifts in market sentiment. Observers should also watch for changes in regulatory landscapes or security issues that could impact Hyperliquid’s competitive position.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 70.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
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".
Activity on Hyperliquid, a decentralized perpetual futures platform, has surged to a new peak with over $11 billion in open positions, marking the highest level for the year. This development reflects growing interest in the platform, which operates on its proprietary Layer 1 blockchain. The increase includes significant engagement in non-crypto markets, such as gold and equities, through its HIP-3 markets. Hyperliquid already accounts for about 70% of all on-chain perpetual futures volume, highlighting its dominant role in the sector. This milestone comes as the platform continues to attract interest amid a backdrop of robust global market activity.
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Key Takeaways The surge in open positions on Hyperliquid suggests increased confidence and engagement from market participants, indicating a potential upward trend in user activity. Pricing within related prediction markets shows a minor increase in the likelihood of Hyperliquid reaching the $100 target by the end of 2026, now at 41.5% YES. The platform’s ability to capture a substantial share of both crypto and non-crypto markets appears to support its continued growth and relevance in the sector. What to Watch Market participants will be observing whether Hyperliquid can sustain this level of engagement and whether it will translate into further price increases, particularly towards the $100 target by December 31, 2026. Key developments to monitor include potential partnerships, technological advancements, and institutional interest, which could further influence market confidence. Additionally, any security incidents or regulatory challenges could impact market sentiment and alter current pricing expectations.
Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Term Structure
Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 70.5% — — View market → January 1 2027 9.1% — — View market → January 1 2027 4.5% — — View market →
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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".
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".
Open interest in real-world asset markets on the Hyperliquid platform has surged to a new high of $3.6 billion, according to The Block. This represents a significant increase from the previous record of $2.6 billion set in May 2026. The overall open interest on Hyperliquid has also reached a 2026 peak of $11 billion. This growth is attributed to increased accessibility and interest in tokenized real-world assets, with Hyperliquid offering 24/7 access to synthetic tokens for various equities, commodities, and forex markets. The platform’s real-world asset (RWA) markets now comprise about 30% of its total activity, reflecting a broader trend of institutional and retail adoption of decentralized derivatives.
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Key Takeaways The record $3.6 billion open interest in Hyperliquid’s RWA markets suggests increasing engagement with tokenized real-world assets. Hyperliquid’s total open interest peak at $11 billion indicates robust activity and confidence in decentralized derivatives platforms. Market pricing appears supportive of the view that Hyperliquid’s growth could contribute to potential further increases in its price by the end of 2026. What to Watch Watch for Hyperliquid’s continued expansion and integration into traditional financial markets, which could further influence its price movement. Announcements of major partnerships, especially with Fortune 500 companies, could be pivotal in shaping market sentiment. Additionally, any regulatory developments or technological innovations related to decentralized derivatives could significantly impact the platform’s trajectory and investor confidence.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 70.5% — — View market → January 1 2027 9.1% — — View market → January 1 2027 4.5% — — View market →
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."
South Korea's Seoul Composite Index saw its intraday decline widen to 8%.
According to Bitget market data, South Korea's KOSPI extended its intraday decline to 8%. SK Hynix is currently down 13%, while Samsung Electronics has fallen 9%.
1 minutes ago
SPCX has dropped nearly 5% from its first-day opening price, and a whale address that went all in on long positions has been liquidated, with less than $5 remaining after total losses.
According to Hyperinsight monitoring, SPCX opened at $150 on its first trading day, and has now fallen approximately 4.8% from that opening price, leaving just $7.8 between its current price and the $135 IPO price. On its first day, SPCX traded at an ~11.1% premium to its IPO price, and nearly half of that premium has now been erased. All whales holding long positions on the asset on Hyperliquid have moved into unrealized loss territory. Notably, an address starting with 0x8e0 that began going long on SPCX on the day it was added to the Nasdaq still holds a 20x leveraged long position worth roughly $1.985 million. The liquidation price of this position is approximately $137.98, just $4.82 away from the current price, making it the address on the platform closest to liquidation. As of press time, the position’s average entry price is $153.68, while SPCX is currently trading at around $142.80, resulting in an unrealized loss of ~$151,000 and a position return of -141.7%. Data shows this whale has been buying SPCX continuously since July 7, executing a total of 190 trades to open 13,903.45 long contracts, with execution prices ranging from $145.99 to $156.22, for a total trading volume of ~$2.137 million. No voluntary long liquidation records have been observed during this period. - 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 news.
1 minutes ago
South Korea's KOSPI Index plummeted sharply, triggering a circuit breaker.
A South Korean trading platform triggered the KOSPI index circuit breaker, with the index plunging 8% and trading suspended for 20 minutes.
1 minutes ago
Daiwa cuts Tencent's target price to HK$670, revises its AI capital expenditure and earnings forecasts.
Daiwa Securities released a research report projecting that Tencent Holdings will raise its AI capital expenditure expectations, which will pressure its mid-term earnings. Meanwhile, its gaming business growth has slowed amid a high base, though its market share growth momentum remains intact. The brokerage cut Tencent’s 2026 to 2028 earnings per share (EPS) forecasts by 1% to 6% to reflect these impacts. Daiwa sharply raised Tencent’s 2026 AI capital expenditure forecast from the original 108 billion yuan to around 181 billion yuan, to reflect the company’s stronger commitment to AI investment and improved chip supply. While higher depreciation will weigh on its near-term and mid-term earnings performance, this is also expected to drive faster expansion of its cloud business and monetization of AI demand, with such benefits anticipated to materialize as early as the second half of 2026. Daiwa maintained its "Buy" rating on Tencent, lowering its target price from HK$700 to HK$670.
1 minutes ago
Robinhood Founder’s Mnemonic Phrase Leaks During a Live Stream; Hackers Exploit the Leak to Hype Meme Coin $1, and the Associated Address Was Subsequently Frozen.
Token Pocket Chief Business Officer Michael posted that the seed phrase of Robinhood’s founder was leaked during his live stream. Hackers gained control over the address, then used it and associated addresses to purchase large volumes of the meme coin $1, prompting thousands of investors to follow suit. This drove the token’s market cap from roughly $500,000 to $14 million in a short period. The $1 token’s price then plummeted, with its trading volume hitting around $20 million in just two hours. After the relevant address was frozen, hackers quickly moved to BNB Chain (BSC), issued new tokens using that address and its associated addresses, created trading hype through wash trading, and eventually dumped the tokens to cash out. Robinhood’s RPC has frozen the address, with nodes refusing to include transactions from it, making transfers and trading impossible.
1 minutes ago
The Nikkei 225 index posted an intraday decline of over 2%, with Kioxia falling more than 10%.
According to Bitget market data, the Nikkei 225 index saw an intraday decline of 2.00%, while Kioxia fell more than 10%.
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.
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.
The flagship meme coin of the new Robinhood Chain network, Cash Cat (CASHCAT), has been put through a brutal market test. During trading, the price of the token's perpetual futures on Hyperliquid briefly collapsed by more than 60%.
The chart printed a massive vertical wick downward — from peak levels above $0.190 to a local bottom near $0.080 — before the price quickly rebounded.
Robinhood Chain, a new Ethereum-based Layer 2 network, launched only recently, and the CASHCAT token became its main growth driver. The coin's name was not chosen by accident: "Cash Cat" was Robinhood's original working name during the broker's early development.
HOT Stories
CashCat price chart on Hyperliquid, Source: HyperliquidFueled by the historical reference and speculative interest, the token delivered a phenomenal debut, surging 4,000% in less than a week while its market capitalization exceeded $200 million. The frenzy was so intense that daily trading volume on Robinhood Chain reached $846 million, temporarily surpassing the activity of many mature DeFi platforms.
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For the meme coin sector, such rallies followed by brutal crashes are completely routine and predictable. Extreme volatility is built into the very nature of these assets, where fundamental value is replaced by pure hype and panic spreads instantly. In the case of CASHCAT, the situation was intensified by the derivatives market.
The main arena for speculation was Hyperliquid. The platform accounts for the lion's share of all futures activity involving the token — more than 70% of total trading volume. Given the high speed of decentralized protocols, this domino effect cut the contract price on Hyperliquid in half within minutes, sending it as low as the local $0.080 level.
Trading volume on the crash candle, measured by the Volume SMA, briefly exceeded 9.8 million tokens.
What is happening with Cash Cat now?The panic faded as quickly as it began. At the moment, the price has recovered and is fluctuating around $0.170–$0.173, while the oracle index price stands at $0.17316.
The incident did not strip Cash Cat of its status as the flagship token of the new network, but it served as another reminder that, in the meme coin market, the distance between an all-time high and the complete liquidation of a trading account can sometimes be measured in just a few seconds.
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%.
