Latest Crypto News & Market Updates

Hyperliquid burns $830K in HYPE near record high

Hyperliquid repurchased and burned approximately 9,730 $HYPE tokens during the 24 hours ending Sept. 6, according to blockchain data published by Onchain Lens.　　The transactions were worth about $829,500 at an average purchase price of $85.27 per token. The latest activity increased the amount of $HYPE classified as burned to approximately 48.42 million tokens.　　That total represents about 4.84% of $HYPEs original maximum supply of 1 billion tokens. At a price of roughly $85.50, the cumulative balance would be valued near $4.14 billion.　　The $4.14 billion figure is a mark-to-market calculation. It does not represent the amount Hyperliquid spent acquiring the tokens. The Assistance Fund purchased $HYPE at different prices over time, and Onchain Lens did not publish a cumulative acquisition cost in its latest update.　　HYPERLIQUID BURNS $830K $HYPE IN 24 HOURS　　Hyperliquid bought and burned 9.73K $HYPE (~$829.5K) over the past 24 hours at an $85.27 average price.　　Lifetime:　　· 48.42M $HYPE burned　　· ~$4.14B at current value　　· 4.84% of max supply permanently removed pic.twitter.com/SsqxWR2wRt　　— Onchain Lens (@OnchainLens) September 6, 2026　　Hyperliquid burns $HYPE through its Assistance Fund　　Hyperliquid uses an automated mechanism called the Assistance Fund to direct most eligible protocol fee revenue toward open-market $HYPE purchases. The tokens are then removed from circulating and total supply

09-07Exchange

Bitcoins faces a weird new macro reality as the Fed turns off the tap and Treasury opens the floodgates

Bitcoins current rally started when the Treasury Department announced on Aug. 19 that, beginning Sept. 9, it would at least double the maximum size of certain buyback operations for government bonds with 10 to 30 years left to maturity, raising the cap from $2 billion to $4 billion per operation.　　Related Asset Bitcoin #1 BTC · $79,922.41 24-hour change: down 0.09% 24H Down 0.09% 7D Up 1.14% 30D Up 23.60%　　Simply put, the Treasury was offering to buy more older long-term bonds from dealers that wanted to sell them.　　Later that day, the Federal Reserve released minutes from its July meeting, where three members had voted for a quarter-point rate increase, and many others thought another hike would be needed if inflation failed to retreat.　　The central bank kept its target range at 3.50% to 3.75%, though the debate had already moved from how long rates should stay high to whether they should go higher.　　At first, Washington seemed to be pushing bond markets in two directions. The Fed was trying to make money more expensive across the economy, while Treasury debt managers were trying to make older long-term government bonds easier to trade.　　They have different jobs, though borrowers and investors experience both at once,

09-07Industry

MENA Crypto Volume Hits $350B as Gulf Markets Accelerate

MENAs annual onchain crypto volume has risen to roughly $350 billion.Turkey remains the largest regional market, approaching $200 billion annually.Saudi Arabia leads growth at 154% year over year, followed by Qatar at 120%.The UAE processed approximately $150 billion in crypto transactions during 2025.　　The Middle East and North Africa is developing into one of the world‘s fastest-growing digital-asset regions, but the forces driving adoption differ sharply across its major markets. Annual onchain transaction volume has climbed from roughly $100 billion in 2022 to an estimated $350 billion by 2025-2026, according to a September 4 analysis from the Bitcoin Policy Institute (BPI). Turkey remains the region’s largest market by transaction value, while Saudi Arabia and Qatar are recording the fastest growth as Gulf governments build regulated digital-finance ecosystems.　　One Region, Two Different Crypto Markets　　The $350 billion headline masks an increasingly important divide inside MENA.　　In countries facing currency depreciation, sanctions or geopolitical instability, crypto is being used partly as an alternative financial rail. BPI points to Egypt, Turkey, Lebanon and Iran, where weakening currencies have increased interest in Bitcoin and U.S. dollar-backed stablecoins as tools for preserving purchasing power and transferring value.　　The Gulf presents a different picture.　　In Saudi Arabia, the UAE, Qatar and Bahrain,

09-07Industry

Bitcoins 4-Year Cycle Could Be Changing: Willy Woo Reveals What Could Replace It

The 4-year cycle is back on topic, but Willy Woo believes theres a more apparent pattern in play.　　Given the nature of its blockchain, bitcoin was long considered to move around within a broader four-year cycle prompted by the halving, which takes place in general every four years. However, the pattern has been rejected in the past year or so, and popular on-chain analyst Willy Woo took the same approach in his latest opinion on the matter.　　He suggested that BTC may be transitioning toward a six-to-eight-year cycle, increasingly influenced by the same debt and liquidity conditions that drive traditional financial markets.　　From Halving to Liquidity？　　Woo‘s reasoning begins with the cryptocurrency’s diminishing supply shock. Following the latest halving in April 2024, new BTC issuance dropped to approximately 0.8% of the existing supply per year. The next event, scheduled to take place in early 2028, will reduce that figure to roughly 0.4%.　　As newly mined supply becomes increasingly insignificant relative to the existing market, Woo argued that the halving‘s ability to dictate BTC’s broader price cycle weakens. Instead, the asset may begin moving more closely with TradFis six-to-eight-year short-term debt cycle.　　The halving framework worked remarkably well for much of bitcoins history. Now, though, the market

09-07Industry

Nike Exits S&P 100 After 78% Stock Crash as Tech Moves In

Nike‘s long slide has now cost it a place in one of America’s most exclusive blue-chip indexes.　　S&P Dow Jones Indices will remove Nike from the S&P 100 on Sept. 21, while Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk join the mega-cap benchmark. Nike will remain in the broader S&P 500.　　The timing is brutal.　　Nike closed Friday at $38.40, near a 12-year low and roughly 78% below its November 2021 record. Its market capitalization has fallen to about $57 billion, from roughly $264 billion at the end of 2021.　　Coinpaper previously examined the 12-year low, but the index exit adds a different dimension: Nike is no longer being treated as one of the markets dominant mega-cap blue chips.　　Nikes market cap and stock price have plunged since 2021.Nikes Exit Shows How Much the Mega-Cap Club Has Changed　　The rebalance is bigger than Nike.　　Nike, Colgate-Palmolive, Simon Property Group and Honeywell Aerospace are leaving the S&P 100. Their replacements are Dell, Palo Alto Networks, Arista Networks and SanDisk.　　That is a striking shift toward technology, cloud infrastructure, cybersecurity and AI-linked data-center demand.　　Arista is now worth about $244 billion, more than four times Nikes current valuation. Palo Alto Networks is valued near $272 billion, almost five times

09-07Industry

Bitmine may not need to buy more ETH to reach its 5% Ethereum goal

Bitmine is still buying Ethereum, even as staking may make further purchases unnecessary to reach its 5% ownership target.　　The Nasdaq-listed treasury company disclosed that it acquired 53,501 ETH in the week through Aug. 30, taking its holdings to 5.9 million tokens. More than 5.06 million ETH were already staked at an annualized seven-day yield of 2.67%.　　The buying appears to have continued almost immediately.　　On Sept. 1, blockchain analysis platform Lookonchain said wallets linked to Bitmine appeared to acquire another 51,000 ETH worth about $126 million from FalconX and BitGo. Bitmine had not formally confirmed that transaction in its latest corporate disclosure.　　If the on-chain attribution is correct and the transfer represents an incremental purchase, Bitmine would hold roughly 5.95 million ETH. That would leave it considerably closer to its publicly stated goal of owning 5% of Ethereum.　　Yet the size of the companys existing position means buying may no longer be the only way to get there.　　Bitmine had 5,067,309 ETH staked as of Aug. 30. Holding that balance and the disclosed yield constant would produce roughly 135,000 ETH in staking rewards over a modeled year.　　Discover more　　News　　Brokerages not achievable under these assumptions.　　A lower staking yield would tighten the constraint further. At 2%, modeled annual

09-07Industry

How Bitmine could surpass its 5% Ethereum goal without buying more ETH

Bitmine is still buying Ethereum, even as staking may make further purchases unnecessary to reach its 5% ownership target.　　Related Asset Ethereum #2 ETH · $2,494.30 24-hour change: up 0.54% 24H Up 0.54% 7D Down 0.31% 30D Up 30.46%　　The Nasdaq-listed treasury company disclosed that it acquired 53,501 ETH in the week through Aug. 30, taking its holdings to 5.9 million tokens. More than 5.06 million ETH were already staked at an annualized seven-day yield of 2.67%.　　The buying appears to have continued almost immediately.　　On Sept. 1, blockchain analysis platform Lookonchain said wallets linked to Bitmine appeared to acquire another 51,000 ETH worth about $126 million from FalconX and BitGo. Bitmine had not formally confirmed that transaction in its latest corporate disclosure.　　Related Company BitMine A Bitcoin network company　　If the on-chain attribution is correct and the transfer represents an incremental purchase, Bitmine would hold roughly 5.95 million ETH. That would leave it considerably closer to its publicly stated goal of owning 5% of Ethereum.　　Yet the size of the companys existing position means buying may no longer be the only way to get there.　　Bitmine had 5,067,309 ETH staked as of Aug. 30. Holding that balance and the disclosed yield constant would produce roughly 135,000 ETH

09-07Industry

Ripple Price Analysis: Where Is XRP Heading Next Week After Defending Its 200-Day EMA？

Ripples XRP remains in a corrective phase after its sharp August breakout, with buyers struggling to regain control of the key overhead supply zone. The current structure suggests that the market may need more consolidation before another sustained directional move develops.　　XRP Price Analysis: The Daily Chart　　On the daily timeframe, XRPs explosive rally from the $0.94-$0.97 support zone broke the previous descending structure and pushed the price as high as roughly $1.70. However, the breakout was followed by an equally notable rejection, and the asset has since been unable to establish itself above the $1.45-$1.54 resistance zone.　　The price is currently trading around $1.42, just below this major supply area. More importantly, XRP continues to hold above the long-term moving average near $1.27, which has flattened after previously trending lower. This level represents an important structural support for the ongoing recovery.　　As long as the $1.27 area holds, the recent weakness can still be viewed as consolidation following an impulsive rally. A daily close above the $1.45-$1.54 resistance zone would strengthen the bullish case and could eventually bring the $1.70 high back into focus. Conversely, losing the $1.27 support would substantially weaken the structure and increase the probability of a deeper retracement toward

09-07Industry

Ethereum Price Analysis: ETH Consolidates at $2.5K as Whale Participation Stalls

Ethereum is attempting to stabilize after its explosive August breakout, but the follow-through has remained limited. ETH is holding around $2.5K, yet repeated swings within the same range suggest the market is still digesting the rally rather than establishing a fresh directional trend.　　Ethereum Price Analysis: The Daily Chart　　ETHs broader structure remains constructive after the powerful breakout from the $1.85K-$1.92K base. Yet, momentum has stalled inside the $2.44K-$2.52K resistance area. Several daily candles have tested this region without producing a sustained breakout, while repeated upper and lower wicks indicate considerable indecision. ETH is currently trading near $2.5K, close to the upper portion of this range.　　A clean daily breakout above roughly $2.52K-$2.56K would be required to confirm that buyers have regained control and potentially initiate another impulsive leg higher. Until then, continued consolidation remains the more likely scenario.　　On the downside, losing the $2.39K-$2.44K area would weaken the current setup and increase the probability of a deeper correction. In that case, the $2.08K-$2.15K former resistance zone would become the major medium-term support to watch.　　ETH/USDT 4-Hour Chart　　The 4-hour timeframe shows ETH trapped in a broad consolidation between approximately $2.35K and $2.56K following the vertical advance from below $2K.　　The important development is that buyers have

09-07Industry

Bitcoin ETF inflows fall 76% entering Labor Day break as only BlackRock and Fidelity attract fresh money

US spot Bitcoin exchange-traded funds recorded net inflows of $174.6 million on Friday, Sept. 4, 2026.　　Related Asset Bitcoin #1 BTC · $79,670.47 24-hour change: down 0.55% 24H Down 0.55% 7D Up 0.42% 30D Up 22.95%　　Only funds from BlackRock and Fidelity attracted positive net flows, according to Farside Investors daily table, leaving the final US exchange session before Labor Days closure dependent on two products for its net inflow.　　The total was 76.1% below Thursdays net inflow of $730.8 million on Sept. 3. Positive flows narrowed from seven of the 12 tracked funds to two. The slowdown followed the Bitcoin and Ethereum ETF surge in the preceding session, with Fridays Bitcoin result smaller and less broadly shared across funds.　　Thursdays seven positive funds were IBIT, FBTC, BITB, ARKB, MSBT, GBTC and BTC. By Friday, the five products beyond BlackRock and Fidelity in that group had all moved to zero net flows.　　Related Company BlackRock American global investment management corporation　　BlackRocks iShares Bitcoin Trust ETF, or IBIT, recorded net inflows of $117.4 million. The Fidelity Wise Origin Bitcoin Fund, or FBTC, recorded net inflows of $57.2 million. Those were the only positive entries in Farsides Sept. 4 row.　　Related Company Fidelity Financial services company　　The other ten products

09-07Industry

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