Track market-moving stories before they get noisy

[PRESS RELEASE – Zug, Switzerland, June 25th, 2026]

Anyone can now execute mass payouts across EVM chains and Tron from a single platform and can choose between multiple wallet screening providers.

Just three weeks after releasing major upgrades for crypto payment collection, the Request Network Foundation today announced another expansion of its stablecoin payment platform. The release introduces one-click mass payouts on both EVM and Tron, alongside built-in bridging and token swapping across EVM chains. The update also expands compliance capabilities through the integration of Merkle Science as an additional wallet screening provider.

Together, these capabilities reinforce Request Network’s vision of providing businesses with a simpler, more scalable, and more resilient way to operate stablecoin payments globally.

Users Can Now Disburse at Scale in One Click From a Single Wallet Without Bridging or Swapping

Stablecoins are already widely used to disburse salaries, commissions, affiliate rewards, bug bounties, supplier payments, and customer refunds or withdrawals across the world. While settlements are now faster and cheaper in stablecoins compared to fiat, the operational processes needed to send funds remain complex as recipients usually require payments on multiple chains and in multiple currencies. This has forced finance teams to initiate multiple transactions in separate currencies and from multiple wallets.

Request Network now abstracts away this fragmentation, allowing anyone to initiate mass payouts from a single wallet in a single currency to pay recipients across the top 6 EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain) in USDC and USDT.

Through a single signature, a mass payout can now be initiated even if the individual transactions need to be bridged and swapped to reach their recipient. Request Network protocol automatically retrieves and batches bridge and swap quotes in order to funnel every payment of a batch to its correct destination in just one approval.

To simplify the process further, Request Network also allows any recipient to set and update their payment preferences so payments are always routed to where they should go.

This represents one of the biggest breakthroughs in cross-chain and swapping abstraction, bringing payers and recipients closer than ever before, regardless of the blockchain or currency they trust.

Mass Payouts Now Available on Tron

Alongside EVM mass payouts, Request Network also announced the support of mass payouts on Tron, becoming the first protocol to combine both capabilities.

Thanks to this release, anyone can now send USDT to multiple recipients on Tron in a single transaction, unlocking large-scale payouts on one of the most used chains in Asia, Africa, Eastern Europe, and Latin America.

With this release, anyone can now manage all stablecoin payouts globally from the Request Network protocol.

More Choice for Wallet Screening

Alongside mass payouts, Request Network also announced a partnership with Merkle Science to offer additional wallet screening providers on the protocol.

As a reminder, Request Network offers built-in wallet screening to protect its users from high-risk wallet interactions. When enabled, this feature allows payments to be executed only if the payer or recipient satisfies the preset screening policies, helping businesses to avoid exposure to high-risk wallets which may lead to asset freezing or difficulties off-ramping to fiat.

By expanding its integration of Merkle Science, Request Network just became one of the safest ways to receive crypto onchain, while accommodating for recipients’ preferences.

Tristan Wallaert, CEO of the Request Network Foundation, said: “Stablecoins allowed money to move globally without the usual fiat constraints, but executing payments at scale remains a bottleneck and is forcing users to rely on payment service providers. Anyone should be able to pay by himself hundreds of payments across chains in just a single operation.High risk wallets exposure has tarnished the crypto reputation recently, if we want to provide the best protection to blockchain users they need to be able to use the best screening providers. Sending and receiving payments must become intuitive and safe if we want stablecoins to be a real alternative to fiat.”

Mriganka Pattnaik, CEO of Merkle Science, said: “As stablecoin payments become more global and cross-chain, compliance needs to become just as seamless as the payment experience itself. Our integration with Request Network helps businesses screen wallets with greater confidence, reduce exposure to high-risk activity, and scale onchain payments without compromising trust or operational efficiency”.

About Request Network

Since 2017, Request Network has developed, educated about, and promoted the use of open-source, decentralized and permissionless protocols that provide infrastructure for on-chain payments and related financial flows.

Request Network allows anyone to send and receive crypto at scale, across chains, without custodial intermediaries. The protocol is developed by a community-funded foundation whose mission is to make crypto payments accessible while protecting its participants.

To date, more than $2 billion has moved thanks to Request Network technology.

Press kit

About Merkle Science

Merkle Science provides blockchain analytics and crypto compliance solutions that help businesses detect, investigate, and prevent financial crime across digital assets. Its platform supports wallet screening, transaction monitoring, risk intelligence, and investigations, enabling crypto platforms, financial institutions, and payment providers to manage onchain risk and meet compliance requirements at scale.

A Central African nation with a GDP of roughly $12 billion just signed a deal to manage environmental assets potentially worth eight times that figure. The Republic of Chad inked a Memorandum of Understanding with Luxembourg-based Xange.com on June 25, designating the Aptos blockchain as the verification backbone for what could become a $100 billion-plus pipeline of sovereign climate credits.

What the deal actually involves The partnership centers on Xange’s two core products. The first is its digital Monitoring, Reporting, and Verification system, known as dMRV. The second is its Unified Environmental Market Infrastructure Solutions platform, or UEMIS. Together, they’re designed to track, verify, and manage environmental assets at the sovereign level.

The technical mechanism here involves something called Immutable Metadata Digital Certifications, or IMDCs. These are cryptographically verifiable records hosted on the Aptos blockchain, designed to ensure that mitigation data remains auditable and resistant to manipulation.

Aptos was chosen as the verification layer for a straightforward reason: throughput. The blockchain is built for high-speed transaction processing, which matters when you’re trying to manage potentially millions of individual environmental data points across a country spanning over 1.2 million square kilometers.

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The Decibel Foundation rounds out the partnership by providing on-chain market infrastructure. An earlier collaboration announced on May 6 between Xange, Aptos Labs, and Decibel established the IMDC standard itself, making this Chad MoU the first major sovereign deployment of that framework.

The $100 billion number, in context The projected pipeline of Internationally Transferable Mitigation Outcomes, or ITMOs, is valued at over $100 billion. ITMOs are essentially the currency of Article 6.2. When Country A reduces emissions beyond its own targets, it can sell those surplus reductions to Country B, which can then count them toward its own Paris Agreement commitments.

For perspective, the global voluntary carbon market was valued at roughly $2 billion in recent years. The compliance market is much larger, but sovereign ITMO trading under Article 6.2 is still in its infancy. A $100 billion pipeline is aspirational. It represents the theoretical ceiling, not a guaranteed outcome.

What this means for investors For the Aptos ecosystem specifically, this partnership adds a layer of real-world utility narrative. Being selected as the verification infrastructure for sovereign-level climate assets is a fundamentally different value proposition than hosting another DeFi protocol or NFT marketplace.

This project is still in its initial phases, focused on deploying infrastructure rather than issuing or trading assets. There’s no immediate revenue generation here. No tokens are being minted against Chad’s forests tomorrow.

Several blockchain projects have positioned themselves in the environmental asset space, including Toucan Protocol on Polygon and KlimaDAO. But sovereign-level partnerships are rare. Most blockchain climate projects operate at the project level, verifying individual reforestation plots or clean energy installations.

Sovereign partnerships carry political risk that project-level deals don’t. Chad ranks among the world’s most fragile states by multiple governance indices. A Memorandum of Understanding is not a binding contract, and the path from MoU to functioning infrastructure to actual ITMO trading is long and uncertain.

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

Israeli Defense Minister: The military will remain in the "security zones" of Lebanon, Syria and Gaza as long as necessary.

Israeli Defense Minister Katz said the military will remain in the "security zones" in Lebanon, Syria, and Gaza as long as necessary. He added that despite pressure to withdraw troops, Israel opposes pulling out of the "security zone" in Lebanon, noting that Israel will not withdraw its forces.

6 minutes ago

Viewpoint: The U.S. stock market’s unheralded plunge was possibly triggered by leveraged ETFs and AI-related uncertainty.

U.S. equities opened higher then slid lower tonight. With no major breaking news, the Nasdaq 100 dropped 1,000 points in just 27 minutes, the S&P 500 erased $1 trillion in market capitalization, and quickly swung from +1% to -3% after the opening bell. Reviewing pre-market indicators, U.S. PCE inflation rose to 4.1%—its highest level since April 2023—paired with Apple’s announcement of up to 25% price hikes for Mac and iPad amid surging AI chip costs, which sent Apple’s stock plummeting nearly 6% and erasing $220 billion in market cap, sparking panic selling. Yet these developments alone do not appear to explain such a rapid, sharp market decline. The Kobeissi Letter attributes the heightened volatility to widespread leveraged ETFs, AI-related uncertainty, and massive liquidations in the crypto market, and forecasts that market volatility will persist.

6 minutes ago

A crypto whale allocated $8 million to Hyperliquid to open a 20x leveraged long position on Bitcoin.

According to monitoring by Onchain Lens, a crypto whale has allegedly created two new addresses and allocated $8 million to Hyperliquid via these addresses to open a 20x leveraged long position on 400 Bitcoin, valued at approximately $23.5 million.

6 minutes ago

A prominent law firm has launched an investigation into MicroStrategy and Michael Saylor, and may file a class-action lawsuit.

Rosen Law Firm has launched an investigation into Strategy Inc, led by Michael Saylor, over potential securities law violations, possibly tied to misleading disclosures about the firm’s Bitcoin investment strategy. The investigation notice encourages affected shareholders to consult with the firm’s team, as it is reviewing whether Strategy Inc issued materially misleading business information; such actions are common when seeking to initiate class-action lawsuits.

6 minutes ago

Story has been renamed the DATA Foundation, and its native IP token will be migrated to the new DATA token at a 1:1 ratio.

Story, a project focused on on-chain intellectual property infrastructure, has been renamed DATA Foundation, shifting its business focus to AI training data and launching the on-chain data registration and auditing platform Trace. Story’s native IP tokens will be migrated 1:1 to the new DATA tokens, with holders not required to take any action; specific timelines and guidelines will be announced later. DATA also announced deep integration with AI training data marketplace Kled, bringing over 1.5 billion user-contributed data entries onto the DATA network. Via Trace, each data contribution generates an on-chain receipt that records data source, authorization method, contributor consent, and payment details, supporting settlement to contributors in stablecoins or fiat currency.

6 minutes ago

Stablecoin apxUSD, backed by STRC, has depegged and dropped below $0.8.

According to market data, Apyx Finance’s stablecoin apxUSD, backed by STRC, has depegged and is now trading at $0.7804. A similar depegging incident occurred with apxUSD on June 4.

6 minutes ago

Table of contents

Gate, a renowned crypto exchange and digital asset service entity, has unveiled a unique USD network with the upgradation of its fundamental services, Gate Exchange and Gate Pay. The exclusive initiative attempts to develop an inclusive financial setting, permitting its users to manage USD assets, tackle fund transactions, and perform digital asset transfers via just one platform. As per Gate’s official press release, the development enhances connections between crypto services, payment solutions, and USD management. Thus, the move endeavors to provide a relatively convenient and effective financial experience to the users.

Gate Upgrades Exchange and Pay Services for Seamless Digital Asset and Fiat Management The rollout of the latest USD network with advancement of Gate’s Exchange and Pay services fortifies its approach toward the delivery of inclusive asset management options for users. The launch aims to enhance the USD fund utility’s full lifecycle, permitting clients to seamlessly manage deposits, transfers, withdrawals, and transactions within a single connected network.

Amid the growing demand for USD-powered financial services, consumers increasingly prioritize solutions that remove the requirement to shift capital between platforms or accounts. Addressing this, the updated infrastructure of Gate integrates different financial capabilities into a comprehensive system for more convenient asset accessibility and control. After this upgrade, consumers can effectively update their Gate app to its version 8.24.0 and reach improved USD management functions.

Apart from that, the updated framework lets consumers make direct USD deposits, maintain their USD balances, withdraw capital, sell cryptocurrencies, and buy digital assets. They can do all this without the need to quit the platform. Additionally, the latest USD Account feature delivers a devoted space to manage USD holdings along with backing seamless shifts between digital assets and fiat.

Gate Pay Adds SWIFT USD Transfers In addition to the launch of the USD ecosystem, Gate Pay has also obtained a product design update to enhance usability and navigation. The new version unveils a clearer structure, enhanced operational flows, and a relatively consistent interface for financial activity management. At the same time, consumers can now use SWIFT bank wire transactions for USD deposits alongside direct bank withdrawals. Ultimately, with the merger of the payment services, USD asset management instruments, and trading functionality, Gate is presenting a relatively connected and comprehensive financial experience.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

A crypto whale allocated $8 million to Hyperliquid to open a 20x leveraged long position on Bitcoin.

According to monitoring by Onchain Lens, a crypto whale has allegedly created two new addresses and allocated $8 million to Hyperliquid via these addresses to open a 20x leveraged long position on 400 Bitcoin, valued at approximately $23.5 million.

7 minutes ago

A prominent law firm has launched an investigation into MicroStrategy and Michael Saylor, and may file a class-action lawsuit.

Rosen Law Firm has launched an investigation into Strategy Inc, led by Michael Saylor, over potential securities law violations, possibly tied to misleading disclosures about the firm’s Bitcoin investment strategy. The investigation notice encourages affected shareholders to consult with the firm’s team, as it is reviewing whether Strategy Inc issued materially misleading business information; such actions are common when seeking to initiate class-action lawsuits.

7 minutes ago

Story has been renamed the DATA Foundation, and its native IP token will be migrated to the new DATA token at a 1:1 ratio.

Story, a project focused on on-chain intellectual property infrastructure, has been renamed DATA Foundation, shifting its business focus to AI training data and launching the on-chain data registration and auditing platform Trace. Story’s native IP tokens will be migrated 1:1 to the new DATA tokens, with holders not required to take any action; specific timelines and guidelines will be announced later. DATA also announced deep integration with AI training data marketplace Kled, bringing over 1.5 billion user-contributed data entries onto the DATA network. Via Trace, each data contribution generates an on-chain receipt that records data source, authorization method, contributor consent, and payment details, supporting settlement to contributors in stablecoins or fiat currency.

7 minutes ago

Stablecoin apxUSD, backed by STRC, has depegged and dropped below $0.8.

According to market data, Apyx Finance’s stablecoin apxUSD, backed by STRC, has depegged and is now trading at $0.7804. A similar depegging incident occurred with apxUSD on June 4.

7 minutes ago

Jiang Zhuoer: Expects Strategy to reduce its coin purchases, with almost no risk of default.

Jiang Zhuoer, founder of Leibit Mining Pool (B.TOP), commented on STRC hitting an all-time low tonight, noting that Strategy’s preferred stock STRC has significantly de-pegged, reflecting U.S. stock market investors’ panic over Bitcoin (BTC). He stated, “Strategy’s BTC purchases are expected to drop sharply or even halt entirely in the coming months, with funds reserved to pay STRC dividends. I also emphasize again not to expect a major blowup from MSTR at the bear market bottom. STRC is preferred stock, not a bond—only dividends need to be paid, and principal does not require repayment. MSTR’s debt ratio is only 10%, so unless the BTC bear market lasts a decade, MSTR faces no risk of a blowup.”

7 minutes ago

Arkham: Strategy is not legally required to prioritize paying STRC dividends, so there is no risk of mandatory liquidation.

After the U.S. stock market opened tonight, STRC briefly dropped to $73 and is now trading at $76.2, 25% below its $100 par value. In response to market fears that it could be the "next LUNA", Arkham’s analysis states that STRC is a perpetual preferred stock with an 11.5% dividend yield, requiring annual dividend payments of approximately $1.2 billion. Strategy holds $1.4 billion in reserves, but is not legally obligated to prioritize dividend payments. However, Arkham also points out that the stock price decline reflects market concerns about Saylor’s ability to sustain dividend payments and raise capital. This will not directly bring down the company, but may negatively impact investor confidence and financing in the long run.

7 minutes ago

Iranian entities funneled approximately $3.84 billion through crypto exchange CoinEx between 2019 and 2026 to bypass US sanctions, the Wall Street Journal reported, citing analysis from blockchain intelligence firm TRM Labs.

TRM Labs traced the flows back to Iran's Central Bank, with funds moving primarily as USDT stablecoins through a series of intermediary wallets before landing at CoinEx. Iran's largest domestic exchange, Nobitex, served as the entry point into the chain, while CoinEx functioned as the off-ramp to global markets. At peak activity, transaction volumes between the two platforms hit $763 million in a single year. TRM Labs identified more than 60 Iranian entities involved in the transactions.

Nobitex Sanctioned, CoinEx Tightens ControlsThe findings arrive against a backdrop of intensifying US enforcement. On June 2, 2026, the Treasury Department's Office of Foreign Assets Control (OFAC) designated Nobitex, along with three other Iranian digital asset exchanges, as part of the Trump administration's Economic Fury campaign targeting the Iranian regime's use of digital assets for sanctions evasion and terror finance.

In response to the scrutiny, CoinEx has moved to implement enhanced Know Your Customer protocols and has restricted access for users based in Iran, though critics have characterised these steps as reactive rather than proactive.

Scale Could Be Far LargerThe $3.84 billion figure is likely a conservative estimate. Privacy tools and peer-to-peer transactions remain difficult to trace, meaning the true volume of Iran-linked flows through CoinEx could be significantly higher. Iran's broader crypto economy has grown sharply in recent years: TRM Labs and Chainalysis estimate total Iranian crypto transaction volumes reached between $8 billion and $10 billion in 2025, as both state actors and ordinary citizens turned to digital assets to access hard currency and sidestep a crippled traditional financial system.

The CoinEx case illustrates a wider pattern that US regulators are working to address, shifting enforcement focus from individual wallets to the crypto infrastructure that sanctioned actors rely on to move money across borders.

Sources:
Value The Markets: How Iranian Entities Circumvent Sanctions Through CoinEx
US Treasury: OFAC Designates Nobitex and Iranian Digital Asset Exchanges
CoinDesk: US Treasury Probes Crypto Exchanges Over Iran Sanctions Evasion

THE BLOCK: CoinEx processed $3.8 billion in Iran-linked funds, acting as crypto gateway: TRM Labs

CoinEx has rejected claims that it helped Iranian state-linked entities move funds through its crypto exchange after a Wall Street Journal report cited $3.84 billion in Iran-linked transactions since 2019.

Summary

CoinEx denies state-linked Iran ties while promising stronger sanctions screening after WSJ’s $3.84b report. The exchange says on-chain flows alone do not prove platform knowledge or active support. The response comes as U.S. sanctions pressure rises around Iranian crypto platforms and fund routes. The exchange said it had “never established any commercial relationship” with Iranian government-related entities, Iranian domestic exchanges, the Revolutionary Guard, or sanctioned parties. CoinEx said it does not have an office or operating entity in Iran.

CoinEx also said its official domain had been blocked in Iran since 2021 after it was blacklisted by the Iranian government. The exchange said that fact shows it was not a platform backed or recognized by Iranian authorities.

CoinEx Official Statement Regarding The Wall Street Journal Report

CoinEx is aware of the recent report published by The Wall Street Journal. We fully respect media oversight and press freedom, and understand the public's heightened concern regarding compliance, anti-money…

— CoinEx Global (@coinexcom) June 25, 2026 The company said some users promoted CoinEx through its global referral program, but it denied organizing Iran-focused promotion. It said ordinary user activity should not be treated as proof of state-level sanctions evasion.

CoinEx disputes on-chain reading The WSJ report said investigators traced unusual transactions from two wallets controlled by Iran’s central bank. It also said further tracing showed links to funds stolen from Bybit by North Korean hackers.

CoinEx said the report relied too heavily on on-chain interpretation. The exchange said blockchain transactions are open and traceable, but a fund passing through a platform does not prove that the platform knew about, supported, or joined the related activity.

The company also challenged the reported aggregate amount. It said combining two-way fund flows into one number and presenting it as funds “processed” by CoinEx was misleading.

CoinEx said third-party blockchain analytics platforms can reach different results. It added that on-chain attribution has limits and depends on how analysts interpret wallet links and transaction paths.

Bybit hack reference draws response CoinEx also addressed the Bybit theft cited in the WSJ report. It said it helped Bybit block accounts and freeze assets after learning about the incident. CoinEx said it would conduct an internal review of the transactions mentioned in the report.

WSJ said investigators linked the Iranian central bank wallet trail to assets stolen from Bybit by North Korean hackers. The Bybit hack remains one of the largest crypto thefts reported by the industry.

In a previous article, crypto.news discussed how the Bybit hacker laundered more than half of the stolen Ethereum in less than a week, mainly through THORChain swaps. That activity kept attention on cross-platform money movement after large thefts.

CoinEx said it had also been a hacking victim in 2023, when North Korea-linked actors were reported to have stolen funds from the exchange. In another previous article, crypto.news discussed CoinEx’s plan to resume services after the $70 million Lazarus-linked hack.

Compliance measures expanded CoinEx said it started a full review and exit process for Iran-related risk exposure after sanctions against Iranian domestic exchanges. The exchange said it strengthened checks for Iranian users, blocked registrations from Iranian regions, and started compliance off-boarding for identified accounts.

It also said it expanded geo-fencing, access restrictions, KYT monitoring, sanctions screening, and transaction freezes for high-risk activity. CoinEx said it would restrict or freeze accounts and assets tied to any sanctioned entity or person.

The response comes during a broader U.S. sanctions push against Iranian crypto activity. As previously reported, the U.S. Treasury sanctioned Nobitex, Wallex, Bitpin, and Ramzinex, accusing them of helping sanctioned entities access digital asset markets.

Treasury said Nobitex processed more than 50% of Iranian digital asset inflows in 2025. It also accused the exchange of helping Iranian regime insiders access international platforms and move funds across jurisdictions.

CoinEx said it will keep investing in KYC, AML, sanctions screening, and on-chain risk monitoring. The exchange also said it would respond to concerns from users, partners, and authorities.

Wallets with identifiable links to sanctioned Iranian entities have moved over $3.84 billion through cryptocurrency exchange CoinEx since 2019, making it one of the main channels used to bypass US economic sanctions, according to blockchain analytics company TRM Labs.

About 60 Iranian platforms were tied to the funds, with $2.7 billion of this flowing between CoinEx and Nobitex, Iran’s largest domestic cryptocurrency exchange, at an average rate of about $1 million per day since 2018, wrote TRM Labs in a Wednesday report.

By 2024, CoinEx was Nobitex’s largest external counterpart, nearly nine times that of the next-largest exchange, a pattern that TRM Labs called “inconsistent with independent market behaviour.”

The report comes three weeks after the US Treasury sanctioned four Iranian crypto exchanges as part of its “Economic Fury” campaign. Days before the sanctions, Treasury Secretary Scott Bessent said the Treasury had seized $1 billion in crypto from Iranian exchanges and wallets since the start of the war.

In a statement published Thursday on X, CoinEx denied having any commercial relationship with the Iranian government or domestic Iranian exchanges and said it has never provided funding channels to sanctioned parties. The exchange also disputed TRM Labs’ interpretation of blockchain data, saying onchain fund flows do not demonstrate a platform's knowledge of or participation in illicit activity.

Iranian exchanges: CoinEx exposure & share volume, 2025. Source: TRM Labs

Top Iranian exchanges route up to 10% of volume through CoinExMost of the major Iranian domestic exchanges route about 5% to 10% of their trading volume through CoinEx, indicating a “coordinated arrangement rather than organic adoption,” according to TRM Labs.

CoinEx’s share of illicit transaction volume is nearly 8%, above the 0.3% threshold found at other compliant exchanges. 

CoinEx-affiliated mining pool ViaBTC accounted for another $154 million in traced exposure to Nobitex through mining payouts and supplied emergency liquidity to Nobitex following Predatory Sparrow’s $90 million hack in June 2025.

Cointelegraph contacted ViaBTC for comment on TRM Labs' findings but had not received a response by publication.

Nobitex was at the center of Iran's “digital dollar pipeline” and handled about 50% of the country’s crypto trading volume, according to a June 2 report by blockchain forensics platform Chainalysis.

In May, Nobitex was reportedly linked to members of a powerful family with ties to Supreme Leader Ali Khamenei.

In January, the Office of Foreign Assets Control sanctioned UK-registered Zedcex and Zedxion for being used as front companies for the Iranian Revolutionary Guard Corps (IRGC).

Magazine: Inside the Iranian Bitcoin mining industry

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

CoinEx Responds to Wall Street Journal Report, Details Compliance Measures and Iran-Related Risk Controls

Why Is CoinEx Facing New Sanctions Scrutiny? Blockchain intelligence firm TRM Labs said CoinEx served as a major gateway for crypto activity tied to Iran, tracing more than $3.84 billion in flows between the exchange and sanctioned Iranian entities over the past 7 years.

The report said CoinEx became the single largest trading partner of Nobitex, Iran’s largest domestic crypto exchange. Nobitex accounted for about $2.7 billion of the traced flows, with activity averaging around $1 million per day since 2018, according to TRM Labs.

The findings place CoinEx at the center of a wider debate over how global crypto exchanges monitor cross-border flows involving sanctioned jurisdictions. The issue is not only whether transactions moved through the platform. It is whether the scale, consistency, and concentration of the activity should have triggered stronger compliance controls.

TRM Labs said CoinEx had direct transaction exposure to more than 60 Iranian crypto platforms. It argued that the pattern suggested a coordinated relationship rather than organic market activity, particularly because major Iranian exchanges allegedly routed between 5% and 10% of their trading volume through CoinEx.

What Did TRM Labs Say About Iranian Crypto Flows? The report said CoinEx’s relationship with Nobitex deepened as Iranian crypto platforms became more important to sanctions evasion risks. By 2024, TRM Labs said CoinEx was Nobitex’s largest external counterparty, nearly 9 times the size of the next-largest exchange.

TRM Labs also identified CoinEx exposure to wallets linked to several sanctioned or terrorist-linked entities. The firm cited $6 million in transactions involving wallets associated with the Islamic Revolutionary Guard Corps and $374,000 of exposure associated with Palestinian Islamic Jihad.

The findings followed a broader U.S. sanctions push against Iranian crypto exchanges. The Treasury recently sanctioned several Iranian platforms, including Nobitex, Wallex, Bitpin, and Ramzinex, as part of its campaign against Iran’s government and related financial channels.

CoinEx-affiliated mining pool ViaBTC was also cited in the report. TRM Labs said ViaBTC accounted for another $154 million in traced exposure to Nobitex through mining payouts and supplied emergency liquidity to Nobitex after a $90 million hack by Predatory Sparrow in June 2025.

Investor Takeaway The report highlights a growing compliance risk for exchanges operating across jurisdictions with weak or contested sanctions controls. For investors, the central issue is whether transaction monitoring systems can identify not just direct sanctioned wallets, but repeated exposure patterns across related platforms.

How Did CoinEx Respond? CoinEx rejected the findings and denied having a commercial relationship with Iranian government-linked entities or domestic Iranian exchanges. The Seychelles-registered exchange said it had not provided active assistance to Iranian government agencies, Revolutionary Guard-related entities, or sanctioned parties.

“Blockchain transactions are open, cross-platform, and traceable by nature. The fact that funds have passed through a platform onchain does not mean that the platform was aware of, supported, or participated in the related fund activity,” CoinEx said. “Data from different third-party blockchain analytics platforms varies significantly, and data from any single platform should not be treated as definitive.”

The company also said it began a review and exit process from all Iran-related exposure after the U.S. sanctioned Iranian exchanges. That response frames the issue as a data interpretation dispute rather than an admission of compliance failure.

CoinEx’s argument reflects a common defense among exchanges facing blockchain analytics claims: onchain flows can prove asset movement, but they do not automatically prove knowledge, intent, or active support. Regulators, however, often focus on whether firms had reasonable controls to detect and restrict high-risk activity once exposure became visible.

What Are The Market Implications? The dispute raises the stakes for offshore crypto exchanges that serve global users while facing limited direct oversight in major jurisdictions. If blockchain analytics firms can map sustained exposure to sanctioned entities, exchanges may face pressure from banking partners, liquidity providers, regulators, and institutional users even before formal enforcement action occurs.

For compliant exchanges, the case may sharpen the difference between direct sanctioned exposure and indirect exposure through counterparties. That distinction matters because many crypto platforms rely on automated deposits, withdrawals, liquidity routing, and market-making relationships across venues. A platform can become exposed to sanctioned flows even if it does not openly serve sanctioned users.

The report also shows how Iranian crypto activity remains a central concern for sanctions enforcement. Domestic exchanges such as Nobitex have been described by analysts as key channels for dollar-linked crypto liquidity inside Iran, with stablecoins and major digital assets used to move value outside conventional financial rails.

Investor Takeaway Sanctions exposure is becoming a valuation and counterparty risk issue for crypto firms. Exchanges with high-risk flow patterns may face reputational damage, loss of institutional partners, or future regulatory action even when they deny direct involvement.

The CoinEx case is likely to add pressure on exchanges to strengthen sanctions screening beyond wallet blacklists. The next compliance standard may depend on pattern detection, volume concentration, related-party exposure, and whether firms can show they acted quickly once high-risk flows were identified.

Binance will support the Viction (VIC) network upgrade and hard fork on June 30

PANews June 25 news, according to the official announcement, Binance expects to suspend token deposit and withdrawal services for the Viction (VIC) network at 15:00 on June 30, 2026 (UTC+8) to support its network upgrade and hard fork. The project team will conduct the network upgrade and hard fork at block height 110,712,671 (expected at 16:00 UTC+8 on June 30, 2026).

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伊朗估计对霍尔木兹海峡收费每年将可以带来400亿美元收入

PANews Newsflash3 minutes ago

According to a Business Insider report citing sources familiar with the matter, Tools For Humanity, the developer of Worldcoin, launched two separate investigations last year, both led by external law firms, targeting alleged improper use of funds by executives and suspected violations in its Thailand operations respectively. Relevant executives are accused of approving payments of millions of US dollars to a foreign firm. The funds were not used for normal business purchases or service fees, but to artificially inflate the market price of its cryptocurrency Worldcoin. In addition, Tools For Humanity's Thai partner turned out to be a suspect in an internationally wanted "pig butchering" scam. Meanwhile, regulators in multiple countries around the world have raised serious questions about Tools For Humanity's iris scanning and data collection practices.

Relevant content

Jiang Zhuoer: Expects Strategy to reduce its coin purchases, with almost no risk of default.

Jiang Zhuoer, founder of Leibit Mining Pool (B.TOP), commented on STRC hitting an all-time low tonight, noting that Strategy’s preferred stock STRC has significantly de-pegged, reflecting U.S. stock market investors’ panic over Bitcoin (BTC). He stated, “Strategy’s BTC purchases are expected to drop sharply or even halt entirely in the coming months, with funds reserved to pay STRC dividends. I also emphasize again not to expect a major blowup from MSTR at the bear market bottom. STRC is preferred stock, not a bond—only dividends need to be paid, and principal does not require repayment. MSTR’s debt ratio is only 10%, so unless the BTC bear market lasts a decade, MSTR faces no risk of a blowup.”

6 minutes ago

Arkham: Strategy is not legally required to prioritize paying STRC dividends, so there is no risk of mandatory liquidation.

After the U.S. stock market opened tonight, STRC briefly dropped to $73 and is now trading at $76.2, 25% below its $100 par value. In response to market fears that it could be the "next LUNA", Arkham’s analysis states that STRC is a perpetual preferred stock with an 11.5% dividend yield, requiring annual dividend payments of approximately $1.2 billion. Strategy holds $1.4 billion in reserves, but is not legally obligated to prioritize dividend payments. However, Arkham also points out that the stock price decline reflects market concerns about Saylor’s ability to sustain dividend payments and raise capital. This will not directly bring down the company, but may negatively impact investor confidence and financing in the long run.

6 minutes ago

Ethereum has potential liquidations worth $114 million at the $1,472 price level.

According to YuEmber monitoring, several on-chain ETH lending whales are facing liquidations amid the current downtrend. Details are as follows: First liquidation tier: liquidation price of $1,472, liquidation scale of 72,700 ETH (valued at $114 million); Second liquidation tier: liquidation price of $1,355, corresponding to 167,600 ETH (valued at $263 million) held by dip-buying whales at the start of the month; Third liquidation tier: liquidation price of $1,160, corresponding to 120,000 ETH long positions of Hyperliquid’s largest long.

6 minutes ago

Iran proposes charging neighboring Gulf countries fees for the use of the Strait of Hormuz.

Iran has proposed charging neighboring Gulf countries a service fee for the use of the Strait of Hormuz. Iran estimates this would generate $40 billion in annual revenue for the countries involved. Iran hopes to share and reach an agreement on revenue from the strait with other nations, according to The Wall Street Journal.

6 minutes ago

CryptoQuant Head of Research: Strategy Should Suspend Bitcoin Purchases to Rebuild Cash Reserves

CryptoQuant Head of Research Julio Moreno has advised Strategy to suspend Bitcoin purchases and prioritize rebuilding its cash reserves to enhance financial flexibility. Moreno noted that Strategy’s cash reserves have dropped by 38% this year, its annual dividend obligations have risen to around $1.2 billion, its dividend coverage period has shrunk from multiple years to just 14 months, and it faces $10.6 billion in unrealized losses on its Bitcoin holdings.

6 minutes ago

Ondo Launches 24/7 Minting and Redemption Services for Tokenized Stocks

Ondo announces the official launch of 24/7 instant minting and redemption services for U.S. tokenized stocks and ETFs. Previously, the platform only offered minting and redemption windows 24 hours a day, five days a week (24/5). Following this upgrade, eligible users can mint or redeem supported tokenized assets at current market prices at any time, including weekends and U.S. public holidays. The first batch of assets supporting 24/7 instant minting and redemption includes six tokenized stocks: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon. These assets are now live on Ethereum and BNB Chain, with Solana support set to launch soon.

6 minutes ago

China’s Top Bitcoin Miner Suggests Arthur Hayes Is Right About BTC Bottom

TLDR Chevron’s CFO Eimear Bonner confirms gas prices are set to decline but cautions about timing delays between crude price reductions and retail pump pricing Donald Trump alleges major oil companies are engaging in price “gouging” and directs DOJ to launch immediate investigation President specifically called out Chevron, Exxon Mobil, Shell, and BP, insisting pump prices should reach $2.25 per gallon Brent crude declined 1.3% to reach $72.75 while WTI decreased 1.1% to $69.60 during Thursday trading Current national gas price average stands at $3.92 per gallon, representing a 13% decline from the previous month but still elevated compared to last year’s $3.22 During a Thursday interview with CNBC, Chevron’s Chief Financial Officer Eimear Bonner projected that gasoline prices across the United States would decline in the coming period. Nevertheless, she cautioned motorists against anticipating instantaneous relief when filling up their tanks.

CHEVRON CFO SAYS GAS PRICES WILL NORMALIZE AFTER TRUMP PRESSES BIG OIL – CNBC

— First Squawk (@FirstSquawk) June 25, 2026

Bonner’s statements followed closely on the heels of President Donald Trump’s accusations that major petroleum corporations were engaging in consumer “gouging” practices. The President contended that oil industry giants were failing to translate reduced crude oil expenses into savings for American drivers.

In a Truth Social post, Trump stated that “the big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil.” His message specifically identified Chevron, Exxon Mobil, Shell, and BP by name.

🚨 JUST IN: President Trump just CONFIRMED he's ordered a MAJOR DOJ investigation into oil companies for price gouging Americans at the pump

ExxonMobil, Chevron, Shell, BP, and more.

"The oil companies are possibly gouging. I hope they're not. Otherwise they're going to be in… pic.twitter.com/Cv1jgPpWNE

— Nick Sortor (@nicksortor) June 24, 2026

During her appearance on CNBC’s Squawk Box Europe, Bonner recognized the frustration experienced by consumers. She expressed understanding for drivers “whether it’s in the U.S. or here in the U.K. or in Europe.”

“It’s going to take time,” Bonner explained. “There is a lag between oil prices and reductions in oil prices and when that shows up at the pump.”

She further noted that Chevron was expanding its production capacity by 7% to 10% throughout the current year. According to Bonner, major oil companies were “doing everything that we can” to address the pricing situation.

Trump Directs DOJ to Investigate Major Oil Corporations The previous day, Trump announced he had instructed the Department of Justice to examine the matter without delay. A DOJ representative verified the order, characterizing fuel pricing as “not only a national security issue” but one that impacts “the wallet of every American.”

According to Trump, retail gas prices should currently sit at $2.25 per gallon. Data from AAA indicates the present national average remains at $3.92 per gallon.

This represents approximately a 13% decrease from the $4.52 average recorded one month earlier. However, it remains significantly higher than the $3.22 motorists paid during the corresponding period last year.

The previous week represented the first occasion since March that the national average fell below the $4 per gallon threshold.

Crude Oil Prices Retreat Following U.S.-Iran Agreement Crude oil valuations have experienced downward pressure since the United States and Iran formalized an interim peace agreement the previous week. The two nations continue negotiating various aspects of the 14-point framework.

During Thursday’s trading session, Brent crude decreased 1.3% to settle at $72.75 per barrel. West Texas Intermediate declined 1.1% to close at $69.60 per barrel.

The American Petroleum Institute challenged Trump’s characterization of the situation. API spokesperson Bethany Williams noted that retail fuel prices and crude oil costs don’t operate in lockstep with one another, particularly when international supply networks face continued pressure.

Representatives from Exxon Mobil, Shell, and BP had not issued responses to media inquiries by Thursday afternoon.

Bonner’s remarks underscore the industry position that marketplace dynamics, rather than intentional pricing strategies, account for the disconnect between crude oil costs and pump prices. The Department of Justice’s investigation remains active.

TLDR Wendy’s shares rocketed 26% on Wednesday, reaching an intraday peak of 35% before closing at $7.88 The WallStreetBets community on Reddit triggered massive trading activity, briefly exceeding volume from major chip manufacturers like Intel and Micron Short interest represented nearly 30% of the available float, setting up ideal conditions for a squeeze The fast-food company appointed Steve Cirulis, Potbelly’s former CFO, to lead financial strategy With a market capitalization near $1.5 billion, the company became an attractive play for retail momentum traders Wendy’s (WEN) experienced a dramatic Wednesday trading session, with shares climbing 26% to finish at $7.88. The burger giant momentarily touched a 35% intraday surge before retreating slightly, evoking memories of the retail trading mania witnessed in 2021.

The Wendy’s Company, WEN

The explosive move bore all the hallmarks of Reddit-driven trading activity. A popular WallStreetBets post called “We need to save Wendy’s” garnered over 20,000 upvotes, while trading volumes skyrocketed to levels temporarily surpassing semiconductor giants Micron and Intel. An impressive feat for a quick-service restaurant operator.

$WEN is up 26%+ premarket after going viral

the thesis is simple:

“We need to save Wendy’s before it’s too late. If this company goes bankrupt, we’ll all be out of a job!”

is $WEN the next $GME or are we putting the fries in the bag? pic.twitter.com/LQs8mNJjvq

— WallStreetBets (@wallstreetbets) June 24, 2026

Entering Wednesday, Wendy’s stock was deeply oversold. WEN shares had plummeted approximately 50% over the trailing twelve months and surrendered roughly two-thirds of their value across a five-year period. The company reported a 21.9% decline in first-quarter operating profits to $64.9 million, pressured by a 6.8% comparable sales decline, elevated commodity expenses, and wage inflation.

This type of distressed valuation creates prime hunting grounds for momentum-focused retail investors. At roughly $1.5 billion in market capitalization, WEN offers sufficient liquidity for coordinated buying to generate significant price movement.

Short Squeeze Sets the Stage A critical catalyst emerged from substantial short positioning. Approximately 30% of Wendy’s tradable shares were held short entering Wednesday’s session, indicating widespread bearish sentiment. As the stock reversed higher, short sellers faced mounting losses and were compelled to cover positions — purchasing shares and amplifying the upward momentum they initially wagered against. This textbook short squeeze scenario provided perfect conditions for explosive gains.

Legitimate corporate developments accompanied the speculative fervor. Wendy’s announced Steve Cirulis — previously serving as CFO at Potbelly Corporation — would assume dual roles as Chief Financial Officer and Chief Strategy Officer. Cirulis reunites with CEO Robert Wright, who assumed leadership on May 21. The executive duo previously collaborated at Potbelly, where their turnaround initiatives propelled the stock over 500% during their combined tenure.

The Potbelly track record provided the Reddit community with fundamental justification beyond pure speculation. Whether this turnaround thesis supports sustained appreciation remains uncertain.

What the Numbers Say Wall Street analysts maintain cautious outlooks on underlying fundamentals. Revenue expansion projections barely exceed 1% for the coming year. While the 7.12% dividend yield appears compelling, it primarily signals how severely depressed the share price has become. The 52-week trading range spans $6.07 to $12.04 — Wednesday’s $7.88 close remains substantially below valuations from twelve months prior.

However, Wendy’s typical daily volume averages roughly 13 million shares. Wednesday witnessed 48,600 individual trade executions at various points — volume surged in irregular patterns throughout the session, underscoring the Reddit-coordinated character of the trading activity.

Cirulis formally assumed his CFO and Chief Strategy Officer responsibilities on Tuesday, June 24, making Wednesday the market’s initial complete trading day to digest both the executive appointment and simultaneous Reddit attention.

FunPlus Phoenix has signed Colin “coconut” Chung from JD Gaming to serve as the team’s new in-game leader, replacing Blendi “kovaQ” Kovaci in the role. The move reshapes FPX’s competitive identity just months after kovaQ joined the organization.

JD Gaming confirmed coconut’s departure on June 26, 2026, citing mutual agreement following discussions between the player and the organization.

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A quick turnaround on the IGL position FPX brought kovaQ on board around March 12, 2026, recruiting the former Team Vitality player to anchor their VCT China Stage 1 campaign. That’s roughly three and a half months of runway before the organization decided a change was necessary.

Coconut, born April 4, 2003, had been competing with JDG through at least mid-2026. His departure from JD Gaming and immediate pickup by FPX suggests this wasn’t a spur-of-the-moment decision but rather a targeted acquisition.

What this means for FPX’s competitive trajectory Pulling a player from another VCT China team means coconut already understands the regional meta, the tendencies of opposing squads, and the pace at which the Chinese Valorant scene evolves.

For JDG, losing their IGL creates its own set of challenges. The organization will need to identify a replacement or restructure its existing roster around a new calling structure.

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

Internationally recognised authorisation under Australia’s 2026 Digital Assets Framework strengthens BitMart’s compliance credentials and supports diversified RWA and traditional-finance products for international clients

BitMart, a leading global cryptocurrency exchange serving more than 13 million users across over 180 countries and territories, today announced it has secured an Australian Financial Services Licence (AFSL), establishing it as a regulated financial services entity under Australia’s new Digital Assets Framework.

The AFSL brings the relevant BitMart entity under the same regulatory regime that governs traditional financial institutions, following the Corporations Amendment (Digital Assets Framework) Act 2026, which received Royal Assent in April 2026 and classifies eligible digital asset platforms as financial products supervised by the Australian Securities and Investments Commission (ASIC).

The licence reflects regulated, institutional-level standards of consumer protection, including client asset segregation, clear product disclosures, and access to external dispute resolution through the Australian Financial Complaints Authority (AFCA). These safeguards distinguish regulated platforms from unregulated offshore venues and align BitMart with global standards set by the Financial Action Task Force (FATF) and peer regimes across the EU, Singapore, and Hong Kong.

“Earning this licence reflects our long-term commitment to operating at the highest standards of consumer protection and compliance,” said Nathan Chow, Global CEO of BitMart. “Regulation is not a constraint on innovation; it is the foundation for trust. As an internationally recognised standard, the AFSL strengthens our banking relationships and gives us a credible, globally compliant platform to offer more diversified products and services to our international clients, particularly in tokenised real-world assets and traditional finance.”

As an internationally respected regulatory standard, the AFSL strengthens BitMart’s global compliance posture and banking relationships, supporting diversified product expansion for international clients. It also reduces de-banking risk, enhances institutional appeal, and establishes a regulatory foundation for tokenised assets and RWAs, a fast-growing segment as digital asset ownership reaches record levels worldwide.

BitMart will roll out an “AFSL Licensed” trust designation across relevant touchpoints and expand local compliance, legal, and operations capabilities to support regulated growth.

About BitMart BitMart is a premier global digital asset trading platform with more than 13 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Get started with BitMart here.

Disclaimer:

The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Memecore’s native token, M, a memecoin project that has attracted attention in the cryptocurrency market, surprised investors with a sharp drop exceeding 80% in the last 24 hours. The token price fell from around $3 to below $0.5 without any security breach, attack, or negative announcement directly impacting the market.

While market observers have yet to pinpoint the exact cause of the decline, some analysts point to possible links to insider manipulation allegations. On-chain data analyst ZachXBT previously warned of the possibility of insider trading and price manipulation during the rapid rise in the Memecore token in April.

According to the data, the M token fell from $2.92 to $0.51 in spot markets, while its price briefly reached $0.40 on Binance’s perpetual futures market. This sharp sell-off wiped out approximately $3 billion from the token’s market capitalization.

Despite this, Memecore’s fully diluted market capitalization (FDV) is still around $7 billion. According to CoinMarketCap data, at the time of writing, the M token is trading at $0.7046 and has lost 75.23% of its value in the last 24 hours.

Experts say that on-chain movements and large wallet transactions are being closely monitored to clarify the reasons behind the incident, while warning investors to pay attention to risk management in highly volatile assets.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Meme coin sentiment appears to be improving as June 2026 progresses. After months of cautious trading and declining speculative activity, several high-profile meme projects are beginning to attract fresh liquidity.

One of the biggest beneficiaries has been SPX6900 (SPX).

The culture-driven memecoin has experienced a significant surge in visibility following major exchange listings, helping fuel renewed price momentum. At the same time, investors are increasingly looking beyond traditional meme assets toward AI-powered ecosystems such as MemeToro ($MT), which many believe could benefit from the same recovery in market sentiment.

Why SPX6900 Is Back in the Spotlight SPX6900 has become one of the strongest-performing meme narratives of recent weeks.

The project recently secured major exchange listings on both Upbit and Bithumb, dramatically increasing liquidity and exposure across Asian markets. The listings immediately attracted trader attention and generated a substantial increase in volume.

Market activity responded quickly.

Trading volume surged by as much as 795%, creating one of the most notable liquidity spikes among meme assets during June. This influx of participation helped strengthen the bullish case for the token.

The current battle centers around a key technical zone.

SPX continues fighting resistance between roughly $0.364 and $0.420 as traders attempt to convert this area into a stronger support structure.

Why Bulls Are Targeting $0.82 The $0.82 level has emerged as one of the most discussed upside targets for SPX6900.

The reasoning is tied to momentum.

Unlike many older meme assets that continue losing market share, SPX has successfully captured fresh attention through exchange expansion and increased trading activity. Strong volume remains one of the most important indicators supporting the current bullish outlook.

The project also benefits from narrative strength.

Its satirical mission of “flipping the stock market” continues resonating with community members and speculative traders looking for high-conviction meme opportunities.

As long as liquidity remains active, many traders believe SPX could continue attracting capital throughout the remainder of June.

Why MemeToro Could Benefit From the Same Market Conditions While SPX6900 relies heavily on momentum and community participation, MemeToro ($MT) approaches the market differently.

The project operates as a SocialFi ecosystem on BNB Chain and combines meme culture with artificial intelligence, prediction markets, staking, and autonomous token creation.

However, both projects benefit from one important factor.

They sit inside categories attracting growing investor attention.

As meme coin sentiment improves, traders often begin searching for newer opportunities that have not yet reached public exchange markets. This is one reason AI-powered meme ecosystems are attracting increasing interest.

What MemeToro Actually Brings to the Meme Economy MemeToro ($MT) is built around the MemeToro AI Agent.

The autonomous system continuously scans social media activity, cultural trends, market narratives, and global news developments to identify emerging opportunities before they become widely recognized.

The platform then turns those insights into ecosystem participation.

Users can create and launch memecoins through an automated no-code deployment process. Every bonded memecoin automatically lists on PancakeSwap and is backed by BNB liquidity infrastructure.

This creates a direct connection between trend discovery and token creation.

Rather than relying entirely on speculation, the ecosystem is designed to encourage ongoing participation.

The MemeToro Ecosystem: Rewards With $MT The native $MT token powers the broader platform.

Users gain access to a centralized crypto news portal, staking opportunities offering up to 35% APR, and peer-to-peer prediction markets where rewards can be earned in both $MT and BNB.

The MemeToro ecosystem combines four strong blockchain features fueled entirely by the multi-purpose $MT token. At its core, an autonomous AI agent scans live data streams to launch viral memecoins fairly without developer interference.

Traders can swap or mint these custom tokens through a clean dashboard. For continuous action, the platform features decentralized prediction markets where you can monetize real-world insights, alongside a global blockchain casino that uses $MT for nonstop gameplay.

Backed by a curated trend news portal and high-yield staking, MemeToro is the ultimate community playground.

Final Words SPX6900 remains one of the strongest meme coin stories of June 2026. Strong exchange momentum, elevated trading volume, and renewed retail participation continue supporting bullish expectations as traders watch the battle around key resistance levels.

MemeToro ($MT) is benefiting from a different trend. If sentiment continues improving across the meme sector, projects connected to both themes could remain among the most closely watched opportunities heading into Q3.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

PANews, June 25 – According to on-chain analyst Ai Yi’s monitoring, the “Hyperliquid whale who shorted 16 altcoins and made a $13.68 million profit” has begun selling ETH. Five hours ago, amid a market rebound, the whale deposited 6,855.13 ETH ($11.02 million) into Binance, likely to sell. This ETH was accumulated in February and March of this year at an average price of $1,991. If sold, it would result in a loss of $2.625 million.

Hyperliquid Portfolio Margin Feature Enters Beta Testing and Increases Limits

PANews June 25 news, according to Cointelegraph, the Hyperliquid portfolio margin feature has entered the beta testing phase and increased limits. Users with account value below $25 million can use BTC and HYPE as collateral to trade perpetual contracts, spot, and outcome markets.

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This content is for market information only and is not investment advice.

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According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.

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Quilter Cheviot strategist Ben Barringer said that Micron Technology’s extremely strong earnings show that the traditionally cyclical memory chip market is becoming more reliable. This performance further confirms the fact that demand for memory chips far outstrips supply. More importantly, Micron’s shift toward signing long-term agreements with clients provides the group with more stable profitability and makes it less vulnerable to sharp demand fluctuations. These long-term agreements actually set price ceilings and floors, require clients to commit to taking supply, and smooth out the historically highly cyclical market.

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Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.

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The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%

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According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

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HYPE printed a fresh all-time high near $77 in June 2026, then pulled back toward the mid-50s. With a fee-funded buyback engine pulling one way and a multi-year unlock pulling the other, $100 is possible but far from a given. Here is the realistic path, and what has to break right.

Summary

HYPE can reach $100 in 2026, but it is a bull-case outcome. Hyperliquid’s buyback engine creates real token demand from platform fees. The unlock schedule is the main force working against the buyback. Volume, regulation, ETF flows, and new markets decide whether the path opens. Hyperliquid’s HYPE token reached a new all-time high of roughly $77 in June 2026 before pulling back toward the mid-50s, and the move reignited the question its holders keep asking: can HYPE reach $100 before the year is out?

From the mid-50s, that target is a climb of roughly 70% to 80%, an ambitious but not absurd move for a token that has already delivered enormous gains since its late-2024 launch. The answer is not a simple yes or no, because HYPE sits at the center of an unusually clear tug-of-war.

On one side is a buyback engine that funnels almost all of the platform’s trading fees into buying and burning the token. On the other is a large multi-year schedule of token unlocks that keeps adding supply.

Whether HYPE hits $100 in 2026 depends on which of those forces wins, and on whether the platform’s growth catalysts arrive before its risks bite. This piece lays out the realistic path to that number, and the conditions that would have to break right for it to happen.

A note on what this is and is not: this is an analysis of scenarios and the forces that drive them, not a prediction presented as fact and not investment advice. Price targets in crypto are educated framings of probability, not promises, and anyone who tells you with certainty where a volatile token will trade in six months is guessing.

What follows covers where HYPE stands now, the buyback mechanism that gives it a structural floor, the supply overhang that opposes it, the growth catalysts that could power a run to triple digits, the risks that could cap it well short, what the broader market is actually betting, and three concrete scenarios, bull, base, and bear, for how 2026 could play out.

The goal is to give a holder a framework for thinking about the $100 question rather than a false promise about the answer.

Where HYPE stands right now Begin with the lay of the land, because the starting point shapes everything.

Hyperliquid is the dominant decentralized perpetual-futures exchange, a platform where traders take leveraged positions on crypto and, increasingly, on other assets, with its order book and matching engine running fully on its own high-performance blockchain.

Its token, HYPE, reached an all-time high near $77 in mid-June 2026 and has since corrected toward the mid-50s, giving it a market capitalization in the rough vicinity of $15 billion and a top-ten ranking among all cryptocurrencies.

That places HYPE among the most valuable tokens in the market, a remarkable ascent for an asset that launched at around $7.50 little more than a year and a half earlier. Hyperliquid also stands out because it was built without the usual venture-capital-heavy launch structure, with a large share of supply distributed to users instead of insiders.

The supply structure is central to any price discussion, so it is worth stating plainly. HYPE has a maximum supply approaching 1 billion tokens, but only a fraction of that, somewhere around a quarter, is currently circulating and tradeable.

The gap between the circulating supply and the eventual total is large, which means a great deal of HYPE is not yet on the market and will enter circulation over the coming years. This matters enormously for the $100 question, because price is a function of both demand and the supply it must absorb.

To reach $100 from the mid-50s, HYPE needs demand to grow faster than incoming supply. The entire bull-versus-bear debate around the token can be reduced to a single contest: the buyback engine adding demand on one side against the unlock schedule adding supply on the other.

Understanding both sides is the key to a grounded view of where HYPE can realistically go.

The buyback engine: HYPE’s structural floor The feature that makes HYPE unusual, and that anchors the bull case, is its buyback mechanism, which ties the token’s value directly to the platform’s success in a way few tokens can claim.

Hyperliquid directs the overwhelming majority of the trading fees its exchange generates, on the order of 97% to 99%, into a fund that continuously buys HYPE on the open market and removes it from circulation. In effect, the platform uses its revenue to repurchase its own token, much as a company might buy back its shares, creating a direct and automatic link between trading activity and token demand.

The more volume Hyperliquid handles, the more fees it collects, the more HYPE it buys, and the more upward pressure builds on the price. That makes the product driving Hyperliquid’s fees central to the investment case.

This is a genuinely powerful mechanism, because it grounds HYPE’s value in something concrete rather than pure speculation. Hyperliquid has processed trillions of dollars in cumulative trading volume and generated hundreds of millions in revenue, and it commands a dominant share of all on-chain perpetual trading.

That means the fee stream feeding the buyback is large and real.

For holders, the buyback acts as a kind of structural floor and a source of steady demand. As long as the platform keeps generating heavy volume, the fund keeps buying, which can offset selling pressure and support the price even in quiet markets.

It is the single strongest argument for HYPE reaching $100, because it converts the platform’s commercial success directly into token demand. But a floor is only as strong as the revenue beneath it, and the buyback has a formidable opponent on the other side of the ledger.

The supply overhang: the buyback’s opponent The force working against the buyback is the token unlock schedule, and it is substantial enough that no honest forecast can ignore it.

Because only about a quarter of HYPE’s eventual supply currently circulates, a large quantity of tokens, including allocations to the team and early contributors, is scheduled to unlock and enter the market gradually over a multi-year period stretching into the latter part of the decade.

Each unlock increases the circulating supply, and unless demand rises to match, that new supply weighs on the price. This is the central tension in HYPE’s structure: the buyback engine pulls supply out of circulation while the unlock schedule pushes new supply in, and the token’s trajectory depends on which force is stronger at any given moment.

For readers who want the base framework, reading HYPE’s unlock schedule starts with the tokenomics that decide whether demand is outrunning dilution.

The math of this contest is what determines whether $100 is reachable. If Hyperliquid’s trading volume stays high enough that the buyback removes tokens faster than, or at least as fast as, the unlocks add them, the net supply pressure stays manageable and demand growth can lift the price.

If volume falters, or if the unlocks accelerate beyond what the buyback can absorb, then per-token gains become constrained even if the platform’s overall value grows, because the same value is spread across more tokens.

This is the dilution risk, and it is the most important reason to temper expectations: a platform can succeed commercially while its token underperforms if supply growth outpaces the buyback.

So the buyback floor is real but conditional, and the condition is sustained, heavy trading volume. The entire $100 thesis rests on the buyback continuing to win its tug-of-war with the unlocks, which in turn rests on the catalysts that drive volume.

The growth catalysts that could power $100 For HYPE to reach $100, the buyback needs to keep winning, and that requires the platform’s volume and revenue to keep growing. That is where Hyperliquid’s expanding product surface comes in.

The most important catalyst is the opening of the platform to permissionless markets, a feature that lets third parties create their own perpetual-futures markets for assets beyond core crypto. Within months of launching, this capability was already generating a meaningful slice of the platform’s revenue and powering record trading days in markets for commodities such as silver and oil.

Expanding the universe of tradeable assets is the most direct way to grow volume, and therefore the most direct path to a higher token price.

Several other catalysts stack on top. The platform has been adding prediction-style markets and shorter-dated options, broadening its appeal beyond leveraged crypto traders to a wider audience.

Its full smart-contract layer lets outside developers build applications, vaults, and structured products on the same infrastructure, turning a single exchange into a programmable financial ecosystem and creating more activity that generates fees. Spot trading, real-world assets, and synthetic equities extend the platform further still.

That is why how on-chain exchanges work matters here: Hyperliquid is no longer only a perp venue, but a broader on-chain financial stack trying to pull more trading into one system.

One of the clearest examples is the growth of pre-IPO and synthetic private-market trading on Hyperliquid, including activity tied to SpaceX exposure through HIP-3 markets. That widens the platform beyond standard crypto pairs and shows how permissionless markets can turn outside narratives into fee-generating trading activity.

A new and potentially significant source of demand has also appeared in the form of regulated exchange-traded products that give traditional investors exposure to HYPE without holding it directly. Those products create another possible bid outside native crypto traders.

If these catalysts compound, each adding volume and fee revenue, the buyback grows more powerful, the supply pressure is more easily absorbed, and the path toward $100 opens. The bull case is essentially a bet that this product expansion keeps feeding the engine faster than the unlocks can drain it.

The risks that could cap it A grounded forecast has to weigh the catalysts against the risks, and HYPE faces several that could keep it well short of $100.

The most prominent is regulation. Hyperliquid operates in a legally gray area in some jurisdictions, including restrictions affecting access in the United States, and the traditional derivatives establishment has been pressing regulators to bring platforms like it under tighter oversight, citing concerns about manipulation and the kinds of permissionless markets that drive its growth.

A regulatory clampdown could limit the products Hyperliquid offers, impose new requirements that slow its expansion, or restrict its addressable market, any of which would cut into the trading volume that feeds the buyback. That is why the regulatory cloud over perp venues matters: the legal treatment of perpetual futures is no longer a side issue for platforms built around them.

Regulatory risk is the single largest external threat hanging over the token.

Competition is the second major risk. Hyperliquid commands a dominant share of on-chain perpetual trading, but that dominance invites attack, and large centralized exchanges, other decentralized venues, and new entrants are all chasing the same lucrative market.

If competitors replicate Hyperliquid’s features or undercut it on incentives, they can erode its market share and compress the trading fees that fund the buyback. Lower fees mean a weaker buyback, which means less support for the token.

Layered on these are the ordinary hazards of a crypto-market token. HYPE’s fortunes are tied to overall risk appetite, and in a risk-off environment, exchange tokens and high-beta assets tend to fall sharply regardless of fundamentals.

Perpetual-trading volume itself can also shrink when volatility and speculation dry up. So the risks form a coherent bear vector: regulation or competition shrinks volume, volume shrinks the buyback, the buyback can no longer outrun the unlocks, and the token’s supply pressure reasserts itself.

Any of these materializing would push $100 further out of reach.

What the market is actually betting It helps to see where the wider market lands on the $100 question, because the spread of opinion reveals how genuinely uncertain it is.

On prediction markets, where people bet real money on outcomes, the crowd in mid-2026 leaned toward HYPE surpassing $80 before year-end, with a smaller majority expecting it to clear $90, and a substantial minority, somewhat under half, betting it would exceed $100.

On the downside, bettors assigned high odds to HYPE trading below $50 at some point, reflecting awareness of the volatility and the unlock pressure. In other words, the market treats $100 as a real possibility but not the most likely outcome, with meaningful probability on both a strong run higher and a pullback lower.

Analyst forecasts span an even wider range, which is itself informative. Toward the cautious end, some firms project HYPE averaging in the high $30s to high $50s across 2026, essentially expecting the token to hold near or modestly above current levels.

In the middle, several see a return toward or past the all-time high if adoption continues. At the bullish extreme, one prominent investor has floated a target as high as $150, premised on the buyback engine, organic volume growth, and the expansion into prediction markets and options all firing together.

The enormous spread, from the high $30s to $150, is not a sign that the analysts are useless. It is an honest reflection of how much HYPE’s outcome depends on variables that are truly unknown, chiefly whether volume growth outpaces the unlocks and whether regulation intervenes.

The responsible reading of the consensus is that $100 is plausible in a strong scenario, roughly a coin-flip-or-worse proposition by year-end, and dependent on the bull catalysts materializing.

Bull, base, and bear scenarios for 2026 The cleanest way to hold all of this together is to lay out three scenarios, each with the conditions that would produce it, so the $100 question has context rather than a single false answer.

In the bull scenario, HYPE reaches and possibly exceeds $100. This requires the catalysts to compound: permissionless markets and new products driving trading volume sharply higher, the buyback consequently absorbing the unlocks with room to spare, exchange-traded product inflows adding a steady new bid, no serious regulatory blow landing, and a generally favorable crypto market providing tailwinds.

In that world, the buyback engine wins its tug-of-war decisively, demand outstrips the incoming supply, and the token reprices toward triple digits and beyond. It is a coherent path, but it requires most things to go right at once.

In the base scenario, the most probable of the three, HYPE spends 2026 trading in a wide band, roughly the mid-$40s to the low $70s, without a durable break to $100. Here the buyback and the unlocks roughly offset each other, volume grows but not explosively, and the token chops within range as catalysts and headwinds trade blows.

This is the unremarkable but likely outcome: a strong platform whose token consolidates after a big run, holding its value without delivering the parabolic move bulls hope for.

In the bear scenario, HYPE falls toward the $20s to low $40s. This is what a regulatory shock, a loss of market share to competitors, a slump in trading volume, or a broad risk-off downturn would produce, any of which would weaken the buyback and let the unlock supply drag the price down.

The key insight across all three is that $100 is specifically a bull-scenario outcome. It is not the base case, and it requires favorable conditions to align.

HYPE reaching $100 is possible. It is the optimistic branch, not the expected path.

The reflexive edge of the buyback, in both directions There is a subtler dynamic inside the buyback model that deserves attention, because it is what gives HYPE both its explosive upside and its hidden fragility: the mechanism is reflexive.

That means its parts feed back on one another in a loop that runs powerfully in whichever direction it is already moving. On the way up, the loop is a thing of beauty for holders.

Heavy trading volume generates large fees, the fees fund aggressive buybacks, the buybacks lift the price, the rising price draws attention and new traders to the platform, and that fresh activity generates still more volume and fees, which funds still more buying.

Each turn of the wheel reinforces the next, and in a strong market this is exactly how a token makes a 70% or 80% move toward a target like $100 look almost effortless. The buyback does not just support the price; it can compound a rally.

The trouble is that the same wheel turns in reverse with equal force. If trading volume falls, whether because of a market downturn, a regulatory blow, or competitors stealing share, the fees shrink, the buyback weakens, the diminished buying lets the price slide, the falling price dims the attention and excitement that drew traders in, and the quieter platform generates even less volume, which shrinks the fees further.

A virtuous circle becomes a vicious one, and the descent can be as self-reinforcing as the climb. This is the part of the buyback story that bullish framings tend to skip: a mechanism celebrated as a structural floor is only a floor while volume holds, and volume is exactly the thing that evaporates fastest when sentiment turns.

The buyback does not insulate HYPE from a downturn. In a real one, it can amplify the fall by weakening precisely when support is most needed.

For the $100 question, this reflexivity is the hinge that explains why the outcome is so binary and so dependent on conditions. In a favorable environment, the loop spins upward and $100 becomes very reachable, because demand feeds on itself.

In an unfavorable one, the loop spins downward and the token can fall far below current levels for the same self-reinforcing reason. There is less stable middle ground than a simple “buyback equals floor” story implies, because the model is built to accelerate moves, not to dampen them.

A holder betting on $100 is therefore betting not just that the platform grows, but that it grows in a market calm enough to let the reflexive engine spin upward without a shock large enough to throw it into reverse.

The buyback is a genuine edge, but it is an edge that cuts both ways, and respecting the downside is the difference between understanding HYPE and merely cheering for it.

So can HYPE reach $100 in 2026? Bringing it together, the honest verdict is that HYPE can reach $100 in 2026, but it is not the most likely outcome, and getting there requires a specific stack of things to go right.

The buyback engine has to keep winning its contest with the unlocks, which means trading volume has to stay heavy and ideally grow, powered by the platform’s expansion into new markets and products. A fresh source of demand, most plausibly exchange-traded products channeling outside capital in, has to add a sustained bid.

The major risks, regulation above all, then competition and a market downturn, have to stay contained. And the broader crypto market has to cooperate, because even the best token struggles to make a 70% to 80% move in a hostile tape.

When all of those align, the path to $100 is real and even straightforward, because the buyback turns volume into relentless token demand.

The realistic conclusion is one of conditional possibility instead of confident prediction. In a strong, catalyst-driven, risk-on 2026, $100 is achievable and the bull case is coherent.

In a flat or choppy year, the base case of wide-range consolidation is more likely, and the token holds its value without reaching the milestone. In a hostile year, the bear case pulls it well below current levels.

For a holder or watcher, the practical takeaway is to monitor the variables that actually decide it: Hyperliquid’s trading volume and fee revenue, the pace of unlocks against the pace of buybacks, the flows into the new exchange-traded products, and any movement on the regulatory front.

Those metrics, not any single price target, will tell you in real time whether HYPE is on the road to $100 or settling into its range. The number is reachable.

It is simply not promised, and anyone who treats it as a sure thing is ignoring the unlock schedule, the regulatory cloud, and the plain fact that crypto rarely moves in a straight line.

Frequently asked questions Can HYPE realistically reach $100 in 2026? It is possible but not the most likely outcome. From the mid-50s, $100 is a roughly 70% to 80% climb, achievable for a token this volatile but requiring favorable conditions to align: sustained high trading volume feeding the buyback, growth catalysts like new markets and exchange-traded products adding demand, contained regulatory risk, and a cooperative crypto market. $100 is best understood as a bull-scenario target instead of the base case, which is closer to wide-range consolidation in the mid-$40s to low $70s.

What is the HYPE buyback and why does it matter? Hyperliquid directs roughly 97% to 99% of its trading fees into a fund that continuously buys HYPE on the open market and removes it from circulation, similar to a company buying back its shares. This ties the token’s demand directly to the platform’s trading activity: more volume means more fees, more buybacks, and more upward pressure on the price. The buyback acts as a structural floor and is the strongest argument for HYPE rising, but it depends entirely on the platform maintaining heavy trading volume.

What is the biggest risk to HYPE’s price? Regulation is the largest external risk. Hyperliquid operates in a legal gray area in some jurisdictions, including access restrictions in the United States, and traditional derivatives firms have urged regulators to tighten oversight of platforms like it. A clampdown could limit its products, slow its growth, or shrink its market, cutting the trading volume that feeds the buyback. Competition eroding its market share and fees, and a broad crypto downturn reducing trading activity, are the other major risks that could cap the price.

Why does HYPE’s token unlock schedule matter? Only about a quarter of HYPE’s eventual supply currently circulates, with a large quantity scheduled to unlock gradually over several years. Each unlock adds supply, and unless demand rises to match, it weighs on the price. This creates HYPE’s central tension: the buyback removes tokens while unlocks add them. If trading volume keeps the buyback strong enough to absorb the unlocks, the price can rise; if volume falters and unlocks outpace buybacks, per-token gains are constrained even if the platform grows.

What are analysts predicting for HYPE in 2026? Forecasts span a very wide range, reflecting genuine uncertainty. Cautious projections see HYPE averaging in the high $30s to high $50s, essentially holding near current levels. Middle estimates expect a return toward or past its all-time high if adoption continues. The most bullish forecasts float targets as high as $150 if the buyback, volume growth, and new markets all fire together. Prediction markets in mid-2026 leaned toward HYPE clearing $80, with under half betting on $100.

What should I watch to judge where HYPE is heading? Track the variables that actually decide the outcome instead of any single price target. The most important is Hyperliquid’s trading volume and fee revenue, which power the buyback. Then watch the pace of token unlocks against the pace of buybacks, inflows into the new HYPE exchange-traded products, the platform’s expansion into new markets and products, and any regulatory developments affecting perpetual-trading venues. Those metrics will tell you in real time whether the buyback is outrunning supply and whether the path toward $100 is opening or closing.

This article is information, not investment advice. Price scenarios are uncertain framings, not predictions, and cryptocurrency is highly volatile. Figures for Hyperliquid and HYPE reflect reporting available as of June 25, 2026, and can change quickly. Do your own research and verify current data from primary sources before making any decision.