A crypto whale appears to be shifting a large portion of its portfolio from Bitcoin into Ethereum.
According to blockchain ***** ytics platform Lookonchain, 11 newly created wallets suspected to belong to the same whale, sold 602 BTC and bought 18,780 ETH on Hyperliquid over the past three days. Both sides of the transactions were worth roughly $45.83 million, indicating a large-scale portfolio rebalancing.
At press time, Bitcoin was trading around $81,001, up nearly 5.5% over the past 24 hours, while Ether was around $2,594, gaining about 5%.
JPMorgan says one ***** et class could soon beat gold
Kevin O'Leary has a warning on Washington's tax plans

#whale #Portfolio #ethereum #lookonchain

Zcash (ZEC) has climbed 177.8% in a month, and the traders betting against it are paying for that move.
One short was closed at a $10.68 million loss this week, and the largest position still open sits $33.87 million underwater on Hyperliquid.
Lookonchain flagged the closed trade before the exit, citing 26 consecutive wins and an 89% rate across 47 trades. That record had produced more than $9 million in profit.
The short covered 12,285 ZEC and was worth $18.31 million earlier, with liquidation set at $1,550.66. Hyperliquid data shows the account now holds no positions at all.
Garrett Jin holds the largest short still open, covering 37,999 ZEC worth $59.37 million. He built the position at an average price of $671.05, so it now shows an unrealized loss of $33.87 million.

#million #open

An anonymous trader known only by their wallet address 0x3bca had their $7.19 million short position on the S&P 500 fully liquidated on Hyperliquid as the broader market rebounded on Wednesday. The liquidation was tracked via onchain data on Hypurrscan.
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.

#trader #position #hyperliquid #short

Polymarket has hired Jacob Horne, the co-founder of Zora, the app behind Coinbase's failed creator-coin experiment, to rebuild its onchain trading product. Chief executive Shayne Coplan announced the move Thursday.
Horne left Zora eight days ago after more than six years running it. His new job sets him against Kalshi, the exchange that now powers Coinbase's own prediction markets across the United States.
Polymarket runs two venues:
Traders outside the US use a market that settles on the Polygon blockchain, a corner of the industry known as Decentralized Finance (DeFi).
Americans use a separate exchange licensed by the Commodity Futures Trading Commission (CFTC).

#shayne

Stablecoin developer Circle Internet Group (NYSE: $CRCL) has unveiled a new blockchain called "Arc."
The blockchain arrives as Circle tries to diversify beyond issuing its $74 billion USDC stablecoin (CRYPTO: $USDC).
In a statement, Circle said that Arc will help it become one of the biggest blockchain companies to provide the rails for moving money and financial ***** ets onchain.
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#usdc

Cronos rebrands its trading app as Ult, expanding beyond crypto into prediction markets, perpetuals and tokenized **** ets.
Ult targets 100+ countries with 24/7/365 trading, 10 sports prediction categories and around 40 leveraged markets at launch.
Cronos Network could see more trading flow as Ult brings users, **** ets and liquidity into the ecosystem, with plans to move more markets onchain as volume grows.
Cronos, the blockchain ecosystem **** ociated with Crypto.com, is reshaping its product strategy around a new trading application called Ult. It has introduced a revenue-linked mechanism designed to support its native CRO token.
Cronos CEO Ryan Wyatt announced the changes on X, saying the new strategy is intended to provide greater clarity for users and developers. It aims to put a stronger focus on products that generate value for CRO.

#markets

Stablecoin developer Circle Internet Group (NYSE: $CRCL) has unveiled a new blockchain called "Arc."
The blockchain arrives as Circle tries to diversify beyond issuing its $74 billion USDC stablecoin (CRYPTO: $USDC).
In a statement, Circle said that Arc will help it become one of the biggest blockchain companies to provide the rails for moving money and financial ***** ets onchain.
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#circle #usdc #group #NYSE

Sky Protocol, earlier known as MakerDAO, is a decentralized finance (DeFi) project built on Ethereum.
The crypto project is best known for its USDS stablecoin. Pegged 1:1 to the U.S. dollar, USDS attempts to keep its value the same as that of the dollar.
As per the onchain ****** ytics platform DeFiLlama, USDS has a market cap of more than $6 billion and accounts for over 2% of the total stablecoin market.
Sky Protocol's governance token, SKY, gives holders the right to vote on the protocol's future. With a market cap of $1.38 billion, SKY is the 62nd largest cryptocurrency.
Related: Explained: What is a stablecoin?

#stablecoin #project #dollar #billion

Solana Foundation president Lily Liu has laid out the case for what she calls the "token supercycle", a long-term shift in which money, **** ets and ownership move onto blockchain infrastructure permanently, not as a trend but as a structural change in how markets work.
Solana is a high-speed blockchain network designed for fast, low-cost transactions. The Solana Foundation is the nonprofit organization that supports the network's development and ecosystem growth.
In an op-ed published Sep. 2, Liu argued that tokenization, the process of representing real-world **** ets like stocks, bonds or real estate as digital tokens on a blockchain, is not just another technology cycle but a fundamental reworking of who can issue, invest in and distribute financial **** ets.
Related: Billionaire says Bitcoin's next 3-year bull run has already begun
Liu pointed to four developments that she says have now converged. Stablecoins, digital tokens pegged to currencies like the U.S. dollar, have proven that money can move onchain at global scale. Financial institutions are beginning to bring traditional **** ets onto blockchains.

#foundation

Intercontinental Exchange (ICE) (NYSE: $ICE), the parent company of the New York Stock Exchange, has partnered with blockchain infrastructure firm tZERO to build the systems behind its planned market for tokenized securities.
On Monday, the companies announced that tZERO will work with ICE on transfer-agent and broker-dealer infrastructure designed to support the onchain settlement of tokenized securities on ICE's upcoming NYSE-affiliated digital trading platform.
ICE will also invest in tZERO's latest funding round and license its portfolio of 103 blockchain patents. The size of the investment was not disclosed.
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#Blockchain #infrastructure

Circle Internet Group (NYSE:CRCL) share price surged amid a broad cryptocurrency rally following a White House meeting with industry executives, with lower Treasury yields and expanded government bond buybacks also supporting risk ***** ets. President Donald Trump urged Congress to pass a "fair version" of the CLARITY Act.
The meeting strengthened the policy narrative without changing Circle's immediate economics. Circle Internet Group (NYSE:CRCL) ended the second quarter with $73.3 billion of USDC in circulation, up 19% year over year. Reserve income still represented $668 million of its $701 million in total revenue and reserve income.
The central question is whether clearer rules can expand USDC adoption quickly enough to reduce Circle's dependence on short-term interest rates.
USDC activity continues to expand faster than Circle Internet Group (NYSE:CRCL)'s reported revenue. Onchain transaction volume increased 151% to $14.8 trillion during the second quarter, while average USDC circulation grew 25% to a record $76.5 billion.
The CLARITY Act would complement the GENIUS Act, the federal payment-stablecoin framework enacted in 2025, by addressing broader digital-asset market structure and SEC/CFTC jurisdiction. For Circle Internet Group (NYSE:CRCL), more predictable rules could make banks, payment companies and ***** et managers more comfortable building products around USDC.

#internet #meeting #second

Key Takeaways
XRP's strongest early payments argument was capital efficiency, not merely speed: institutions could source liquidity when a payment occurred, rather than keeping money pre-funded around the world.
That gap is narrowing fast. JPMorgan now offers eight-currency blockchain deposit accounts with onchain FX, while Citi says its 24/7 network can reduce pre-funding across more than 40 markets.
XRP still has a role in situations where bank networks are fragmented or local FX liquidity is poor, but it increasingly has to compete with tokenized deposits and stablecoins, including Ripple's own RLUSD.
For years, XRP had an obvious target in cross-border payments: banks could send a SWIFT message quickly, but actually moving and settling money remained slower and capital-intensive.

#payments #liquidity #takeaways #strongest

Bitwise has launched a new product that lets eligible investors outside the U.S. automatically follow professionally designed portfolios of tokenized U.S. stocks while keeping the ****** ets in their own wallets.
The crypto ****** et manager's Automated Token Portfolios, or ATPs, are rules-based portfolios created by Bitwise Investment Manager, the company said in a Tuesday announcement. The portfolios use Coinbase's tokenized stocks and are implemented through Glider, an onchain portfolio automation platform.
The initial offerings will focus on themes including the Magnificent 7 technology companies plus ****** eX (NASDAQ: $SPCX), robotics, and artificial intelligence leaders. Bitwise will charge a 0.15% methodology access fee, excluding trading and platform costs.
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#portfolios #bitwise #automated #atps

Japan plans to proceed with a national blockchain-based settlement infrastructure for tokenized versions of stocks and ******* anese government bonds.
Japan's financial regulator, the Bank of ******* an, and major financial institutions are collaborating on the tokenization project.
Work on the project is expected to begin in early 2027, with operation of the new onchain system likely to begin in the early 2030s, according to media reports.
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#cryptoprowl

Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) has debuted tokenized stocks on its Base blockchain network.
Coinbase joins rival exchanges Kraken and Binance in the race to bring stock trading onchain.
In a statement, Coinbase said that investors can now trade tokenized versions of stock such as Apple (NASDAQ: $AAPL), Nvidia (NASDAQ: $NVDA), and Alphabet (NASDAQ: $GOOGL).
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#base

Bitcoin (BTC) surpassed the $81,000 price level on Aug. 25, its highest level since mid-May.
The latest surge is part of the broader crypto rally that began after the short squeeze caused by the U.S. Treasury's Aug. 19 announcement to at least double the amount of long-term government bond buybacks, which ignited liquidity hopes.
Related: Anonymous coder hides Bitcoin puzzle in Satoshi's genesis block
As per the onchain ****** ytics platform CoinGlass, $240 million worth of Bitcoin short positions got liquidated within the last 24 hours.
In contrast, the figure of long liquidations stood at only $88.83 million.

#long #related #coinglass #price

The SEC just formally proposed Regulation Crypto ******* ets, a new offering framework that would let crypto projects raise up to $5M through a one-time startup exemption or up to $75M annually through a tiered fundraising exemption.
The exemptions: The startup lane allows $5M over four years with no accredited-investor requirement or per-investor cap. The fundraising lane allows $75M every 12 months, split into a $20M Tier 1 and $75M Tier 2, with Tier 2 issuers needing audited financials and ongoing reporting, and non-accredited buyers capped at 10% of income or net worth. Tokens sold under either lane wouldn't carry a rule-based resale lockup.
The safe harbor: Once a team finishes, or permanently drops, the managerial work it promised, its token can shed "investment contract" status for good—a formalized version of the concept the SEC's March interpretive guidance first floated. The rule would also preempt state-level securities registration for these offerings and certain secondary trades.
What's missing: The SEC's separate "innovation exemption," expected to let firms tokenize actual securities like stocks and trade them onchain, wasn't part of Tuesday's release. The agency explicitly said it isn't touching registered-offering rules for "digital securities" this round, so tokenized equities on public blockchains remain unaddressed.
Why the delay: CoinDesk reported the tokenization piece had been expected to land alongside the fundraising rule before the SEC abruptly pulled an Aug. 14 meeting. The holdup has been tied to White House concerns about muddying live CLARITY Act talks, internal questions over the SEC's own statutory authority, and Wall Street's SIFMA objecting to using exemptive relief for market-structure changes.

#lane #rule #Crypto

The price of bitcoin early Thursday bolted to a two-month high above $71,000, driving crypto stocks higher. The Treasury Department's Wednesday announcement regarding long-term bond buybacks appeared to spark the rally, further fueled by a massive wave of short liquidations and the Trump administration's commitment to passing crypto regulations.
The Commodities Futures Trading Commission today hosts its first Innovation Advisory Committee meeting.
The price of bitcoin by Thursday morning vaulted to near $72,200, soaring almost 12% over the prior 24 hours to its highest price since the end of May, according to CoinMarketCap data. Bitcoin on Wednesday spiked above $68,000 after the Treasury Department announced plans to double the size of its long-term bond buybacks, which prompted a drop in Treasury yields and the U.S. dollar.
The price of bitcoin traded around $65,000 early Wednesday prior to the announcement.
"This matters for bitcoin because lower yields, a potentially weak dollar and improving financial conditions should encourage capital to rotate toward scarce, global liquid **** ets. It also strengthens bitcoin's appeal as an independent store of value at a time of rising government debt and greater official intervention in the markets," Joel Kruger, market strategist at LMAX Group said. "Lower yields and reduced bond-market volatility support crypto collateral values, lending activity, stablecoin liquidity and demand for onchain (on the blockchain) yield."

#Bitcoin #price #treasury #yields

Circle—the company behind USDC (the digital dollar used by millions worldwide for payments, savings, and international transfers)—just bought the blockchain patent library IBM spent more than a decade building. The deal, announced July 27, hands Circle over 1,000 blockchain patents issued by IBM worldwide.
Patents are legal rights that give the holder exclusive control over a specific invention. If you hold a patent on a method for processing transactions on a blockchain—the shared digital ledger where crypto activity is permanently recorded and can't be altered—you get to decide who else uses it and on what terms. IBM had been building that kind of leverage since its mid-2010s enterprise blockchain push.
By December 2025, patent ******* ytics firm PatSnap credited IBM with 790 U.S. blockchain patents—more than any other American company, with Bank of America a distant second at roughly 200. Circle, which received its first-ever patent in December 2023 (covering parallel blockchain data processing—a technique for verifying multiple groups of transactions simultaneously), went from essentially zero to the top of the U.S. rankings overnight.
"The portfolio comprises over 680 patent families and nearly 1,000 issued patents worldwide, spanning foundational blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations," Circle said in its official announcement.
Circle plans to put them to work across its entire stack. "The expanded IP position directly supports Circle's foundation for building the internet financial system, including USDC, Circle Payments Network, Arc, and a growing suite of onchain products and agentic financial tools," the company added. Arc is Circle's own payment-focused blockchain built for institutional finance. The agentic tools are AI-powered software programs that can execute financial transactions autonomously—no human required for each step.

#building

Hyperliquid's xyz:SKHYNIX perpetual briefly fell ~20% after a "black swan" pre-market trade in South Korea priced a single SK Hynix share at KRW 1.272 million, triggering a roughly 30% move and a trading halt in the underlying market.
Who Operates the Market: Trade.xyz operates the market, who are investigating the issue. In their response, Hyperliquid made clear that it was Trade's responsibility to resolve this as Hyperliquid is a permissionless chain, and under HIP-3, independent teams can deploy and run their own markets using it as infrastructure.
How HIP-3 Pricing Works: Each market's price comes from three inputs, and the deployer controls two of them. Hyperliquid itself supplies only one, drawn from onchain trading activity. Because the final price is the median value of the three, whatever the deployer pushes effectively decides it. If Hyperliquid's onchain input reads 100 but the deployer submits 150 and 151, the market prices at 150.

#three #onchain

Ripple has launched Ripple Mint, a platform that lets institutions mint, redeem, and manage Ripple USD (RLUSD) through one console.
The company also invested in Notabene, a compliance firm, to add identity checks and transaction authorization to its stablecoin network. Standard Custody & Trust Company, a New York-chartered trust firm, issues RLUSD under state financial regulation. Jack McDonald, an executive at the company, called the Notabene deal a step toward globally compliant stablecoin transfers.
"Bringing together $RLUSD, Ripple Payments & Notabene's trusted institutional network to help scale compliant stablecoin payments," McDonald said.
Ripple Mint replaces the platform-only setup institutions previously used for RLUSD operations. Users can choose a web console for manual oversight, or new application programming interfaces (APIs) for automated workflows.
The system tracks transactions in real time and sends webhook alerts for fiat receipt, minting, and onchain settlement. Consistent reference IDs tie every stage together, which simplifies reconciliation for exchanges and market makers.

#notabene

Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) is expanding its operations in Singapore as it prepares to grow across Asia.
The U.S. exchange plans to increase its workforce in Singapore by one-third to around 200 employees by the end of 2026.
The new hiring will focus on engineering, customer service, relationship management, and institutional sales, said Coinbase in a statement.
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#group #asia #cryptoprowl

Galaxy Digital (NASDAQ: $GLXY) is planning to sell $3.5 billion U.S. of junk bonds to help fund the expansion of its Helios artificial intelligence (A.I.) data centre located in Texas.
The company plans to use the proceeds from its first junk bond sale to finance growth of the data centre campus located in **** ens County, Texas.
Galaxy Digital is the latest A.I. infrastructure developer to tap the U.S. high-yield debt market to fund A.I. infrastructure projects.
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#junk #centre

Hyperliquid (HYPE) has gone down by 7% today and has accumulated a 15% drop in the past 7 days after a handful of whales reportedly cashed out on their early HYPE bets.
Yesterday, the crypto ****** ytics firm Lookonchain revealed that Multicoin Capital transferred nearly 400,000 HYPE tokens to Coinbase Prime and requested to unstake almost 212,000 tokens less than a month after they published a bullish report on this cryptocurrency.
In a piece ****** led "Hyperliquid (HYPE) ****** ysis & Valuation," Multicoin stated that "Hyperliquid's trajectory looks eerily similar to Binance's early years."
They also set forth a long-term target of $319 for the token, claiming that, at $63, it was currently trading at 36 times its trailing twelve months (TTM) earnings. They projected $8 billion in annual profits by 2028, which, at a 20x price-to-earnings (P/E) multiple, results in a potential 5x gain.
However, this recent move to cash out of Hyperliquid's short-term gains has raised eyebrows about the firm's motivations to publish this report among the crypto community.

#hype #hyperliquid #multicoin #early

Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) has big plans for the Canadian marketplace.
Eric Richmond, CEO of Coinbase Canada, said in an interview that the company wants to look beyond crypto trading and build a platform where Canadians have all their ******* ets in one place.
The priority is to bring what Coinbase calls the "Everything Exchange" to the Canadian marketplace.
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#canadian #marketplace #global #coin

Bitdeer Technologies Group (NASDAQ: $BTDR) mined 990 bitcoin in June, extending a sharp production rebound while higher GPU utilization pushed its AI Cloud annualized recurring revenue to approximately $76 million.
Bitcoin (CRYPTO: $BTC) output rose 388% from 203 BTC a year earlier and increased from 921 BTC in May. Self-mining hashrate reached 73.0 EH/s, up from 70.2 EH/s a month earlier, while co-mining capacity climbed to 15.9 EH/s. Total hashrate under management finished June at 86.1 EH/s.
Bitdeer's bitcoin balance moved lower despite the production gain. The company held 150 BTC at month-end, down from 171 in May and 1,502 in June 2025, keeping capital allocation in view as it funds a wider buildout across mining, AI Cloud and colocation infrastructure.
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#mining #hashrate #bitdeer #technologies

XRP (CRYPTO: $XRP) has formed a bullish chart pattern known as a "triangle breakout."
The XRP token is up 4% in the last 24 hours and trading at $1.14 U.S. as investors and traders chase a potential big move higher in the cryptocurrency.
Analysts say that XRP could vault as high as $1.35 U.S. following the formation of the triangle breakout pattern.
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#trading #triangle #breakout #Crypto

Russia's government has passed a broad new cryptocurrency market law, providing the country with a regulated system for trading cryptocurrencies such as Bitcoin (CRYPTO: $BTC).
The "On Digital Currency and Digital Rights" legislation covers areas such as crypto custody and cross-border transactions using digital ****** ets.
The legislation creates rules for companies operating in Russia's crypto market.
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#market

The stock of artificial intelligence (A.I). data centre operator Nebius (NASDAQ: $NBIS) is up 7% on news that chipmaker Nvidia (NASDAQ: $NVDA) has taken a 9.3% stake in the company.
Amsterdam-based Nebius is one of Europe's leading A.I. data centre operators and has inked multiple deals to provide U.S. technology giants with computing power.
Nvidia had previously invested $2 billion U.S. in Nebius. The two companies collaborate on A.I. infrastructure, fleet management, inference, and factory design.
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#NVIDIA #data

Securitize Corp. (NYSE: $SECZ) and Cantor Fitzgerald are taking tokenization into the primary equity market, creating a pathway for public companies to conduct initial public offerings and follow-on offerings onchain.
The agreement combines Cantor's equity capital markets and trading capabilities with Securitize's regulated infrastructure for issuing, distributing and servicing tokenized securities. Securitize Markets, the company's SEC-registered broker-dealer affiliate, will participate in the offering and settlement process.
Public companies using the structure would still operate inside the established framework for traditional offerings. Blockchain infrastructure would sit underneath the issuance process, supporting digital ownership records, greater transparency and access to investors already active across onchain markets.
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