Hyperliquid Hits Record High as $1.2 Billion Token Unlock Looms

In briefA scheduled unlock will release 14,175,778 Hyperliquid tokens on August 29, worth about $1.2 billion at current prices.The release equals 1.4% of total supply and 2.7% of HYPEs market capitalization.Nearly 47% of the unlocked tokens go to insiders — the largest single share of this release.  Hyperliquid, the layer-1 blockchain and perpetual futures exchange, is on a tear—and investors in the projects native token HYPE are reaping the benefits.  Hyperliquid, which trades as HYPE, touched an all-time high of $83.27 on Sunday before slipping to around $77.50, data from CoinGecko shows. The tokens market cap sits near $19.5 billion. That run-up, though, is about to collide with a supply release the tracking site Tokenomics.com lists as the largest of Hyperliquids monthly unlocks.  Myriad: Ethereum next price move? Click to make your prediction.  Every month since the November 2024 launch, Hyperliquid has freed a slice of its 1 billion-token supply on a fixed calendar. The August 29 event is the fourth in a row to send tokens to three recipient groups: community, foundation, and insiders. Insiders (the early investors) take the largest single share of this release—46.6%, against 46.3% for the community (grants, rewards, airdrops, etc.) and 7% for the Hyper Foundation.  Token unlocks dont

2 دن پہلےانڈسٹری

Bitcoin Loses $80,000 as Critics Swarm Treasury's $950 Billion Buyback Plan

Bitcoin (BTC) touched $80,000 on Monday, then handed the level straight back. Critics are lining up against the US Treasury plan that sparked the move.  The token traded near $78,835 at press time. The bond market had already run this exact play last week, and it did not hold.  Bitcoin Price Performance. Source: BeInCrypto  Sponsored  Sponsored  What Pushed Bitcoin to $80,000  The Treasury General Account (TGA) is the governments checking account at the Federal Reserve. Tax receipts fill it. Treasury Secretary Scott Bessent has let it swell, with reports pegging the account near $950 billion.  U.S. Treasury Considers Using $950B TGA to Support Larger Long-Term Bond Buybacks  According to CNBC, citing two senior Treasury officials, the U.S. Treasury is considering using funds from its roughly $950 billion Treasury General Account to help finance larger buybacks of…  Treasurys own daily cash statement showed $935.1 billion on August 20, the latest official reading. Two senior Treasury officials told CNBC that money could fund bond buybacks.  Treasury doubled those buybacks on August 19. Long-end operations rose from $2 billion to at least $4 billion each. The first lands on September 9, per the departments own announcement.  Traders liked the plumbing. Spending TGA cash does not grow the Fed‘s balance sheet. It just moves money

2 دن پہلےانڈسٹری

ERC-8391 proposes asset status checks for tokenized stocks

Ethereum developer Eric Conner has proposed a common status interface for tokenized assets, as onchain stocks trade continuously while the New York Stock Exchange opens for only 32.5 hours each week.  SummaryERC-8392 would let contracts check market sessions, trading halts, valuation status and redemption availability.The interface separates expected stale prices during closures from delayed or failed valuation updates.Conner initially called the proposal ERC-8391, but the published discussion and draft use ERC-8392.The proposal supplies status information without deciding whether an asset is safe to trade or use as collateral.  ERC-8392 separates market closures from feed failures  EthHub founder Eric Conner introduced the proposal in an Aug. 24 X post, describing it as an asset status interface for tokenized stocks and real-world assets.  Conner referred to the proposal as ERC-8391 in the post. However, the subsequent Ethereum Magicians discussion and associated draft identify it as ERC-8392, titled “Asset Status Interface for Tokenized Assets.”  The proposal addresses a mismatch between continuous blockchain activity and the limited operating hours of traditional markets. Tokenized stocks can move between wallets or trade through smart contracts at any hour, while their reference shares may not be trading on an exchange.  You might also like:  Ethereum devs warn Glamsterdam upgrade could break wallets and gas

2 دن پہلےانڈسٹری

Zilliqa points to hardware wallet flaw discarding entropy to expose crypto keys, enabling 683M ZIL theft

A recent Zilliqa Ledger bug exposed at least 6,772 accounts, according to the post-mortem, and enabled the theft of 683,130,969.66 ZIL across 66 successful attack-window transactions. The disclosure turned an earlier unquantified security flaw into a measured loss and exposure record while, as of the same date, legacy transactions remained paused and holders faced an undated migration to Zilliqa EVM.  Related Asset Zilliqa #327 ZIL · $0.0028 24-hour change: down 1.04% Price history is not available. 24H Down 1.04% 7D Up 24.81% 30D Up 11.79%  The figures measure different parts of the incident. Zilliqa separates 51 drained accounts from the 6,772 accounts whose private keys were shown to be exposed. The post-mortem leaves the number of affected people unquantified.  The exposed-account total is a floor. The 683.13 million ZIL total is exact for the compromised accounts currently known, according to the post-mortem, and it could rise if investigators prove that additional compromised accounts produced theft transactions.  Related Company Ledger Crypto hardware wallets  Why four signatures matter  Zilliqa said the application generated 40 random bytes but copied the wrong 32 bytes into its signing buffer, retaining eight bytes of zero padding and discarding eight bytes of entropy. That forced the high 64 bits of every affected nonce

2 دن پہلےانڈسٹری

Zcash Hits Eight-Year High as Futures Bets Nearly Double

In briefZcash reached its highest price since 2018 after gaining more than 50% in four days.Open interest in ZEC perpetual futures rose from $963 million to $1.8 billion in five days.Crowded futures markets can intensify both short squeezes and selloffs.  Zcash briefly reached $888—its highest price level since 2018—before pulling back to around $843, up nearly 7% over 24 hours and roughly 48% since August 20.  The privacy coin, which trades as ZEC, remains well short of a record all-time high of $3,191.93, set in October 2016 during the coins earliest days of trading when liquidity was thin. The coin dropped as low as $16 just two years ago and has been on a remarkable run since, appreciating by over 1,800% in the last year alone.  Myriad: Bitcoin next price move? Click to make your prediction.  ZEC perpetual futures open interest nearly doubled from $962.5 million on August 19 to $1.8 billion Monday, while 24-hour volume reached $5.3 billion, according to crypto derivatives data platform Loris Tools. The average eight-hour funding rate was 0.0106%, meaning traders paid a premium to hold long positions.  ZEC futures let traders bet on Zcashs price without owning the coin, often with leverage. Open interest tracks outstanding contracts, while positive

2 دن پہلےانڈسٹری

Bitcoin Price Drives Toward $80K as Economist Warns of 'Massive QE'

Bitcoin rebounded to an August high of $79,989 after briefly dipping below $77,000, recovering from a weekend market slump.   Key TakeawaysBitcoin nearly touched $80,000 before settling around $79,200 after brief market volatility.Market liquidations topped $396 million as Coinglass reported short positions taking the biggest hit.Bitfinex analysts noted that bitcoin needs strong spot demand to pass $80,000 and reach $86,500.  Market Recovery and Bitcoin Price Swings  Bitcoin nearly tapped $80,000 on Monday as the cryptocurrency market appeared to recover from a weekend slump, which saw several high-cap altcoins back off from multi-month highs. Market data shows that after briefly dipping below $77,000 two hours before midnight, bitcoin rebounded and largely trended just below $77,500 until around 7:30 a.m. EST.  Shortly afterwards, bitcoin‘s price echoed last week’s bull run by spiking to just under $79,200 before a quick sell-off pulled it back to $78,200. A secondary surge pushed prices higher, reclaiming $79,000 and reaching a new August peak bitcoin price of $79,989. However, a second wave of profit-taking quickly dragged the cryptocurrency back to $79,200.  Despite this, the bitcoin price action during the 24-hour period, left it with daily gains of approximately 3% and pushed its market capitalization to $1.59 trillion. The latest gains also brought

2 دن پہلےانڈسٹری

AI Over Dogecoin: CleanCore Liquidates 463 Million DOGE to Build More Data Centers

CleanCore Solutions, Inc. (ZONE) has completely wound down its Dogecoin treasury strategy and launched a large-scale follow-on offering to finance its AI infrastructure.  The business U-turn is taking place against the backdrop of a prolonged collapse in the issuers own stock and includes the complete sale of its legacy ozone-based cleaning products manufacturing segment.  As part of the strategic shift, CleanCore fully liquidated its crypto portfolio on July 20, selling 463 million DOGE tokens for $33.4 million. Notably, Dogecoin itself effectively ignored the sell-off.  The cryptocurrency held its key support levels and continues to trade steadily at around $0.0917, moving within its own independent trend and separately from the plunging stock of the former Dogecoin treasury company.  Currencies s limits for micro-issuers but failed to stop the stocks decline.  CleanCore stock (ZONE) vs. Dogecoin (DOGE) performance chart from 2024 to August 2026. Source: TradingView  The proceeds from the asset liquidation and follow-on offering are being directed toward the accelerated construction of new data centers. The company currently has two key projects: a 200-megawatt data center in West Texas, with financing expected to close by the first quarter of 2027, and a highly reliable 40-megawatt Tier 3 data center in Minnesota.  As part of the Minnesota project, the

2 دن پہلےانڈسٹری

Bitcoin, Ethereum ETFs Grew $23 Billion Last Week—Only $2.6 Billion Was New Money

In briefU.S. spot Bitcoin and Ethereum ETFs added $2.6 billion in net inflows for the week ending August 21, their best week since October 2025, while total assets under management jumped roughly $23 billion.Bitcoin ETF assets rose 25.4% to $96.1 billion and Ethereum ETF assets rose 35.9% to $14.3 billion, according to SoSoValue data.Bitcoin gained about 24% and Ethereum about 30% during the week after the Treasury doubled a bond-buyback program and a short squeeze wiped out billions in bearish bets.  U.S. spot Bitcoin and Ethereum ETFs picked up roughly $23 billion in total value last week. Only $2.6 billion of that came from new money. Everything else came from Bitcoin and Ethereum simply getting more expensive.  That distinction may get lost in the euphoria of a market rally. A crypto funds total value—whats called assets under management, or AUM—grows for two separate reasons: fresh cash coming in the door, or the coins already sitting inside becoming worth more. Last week, almost all of the growth was the second kind.  Myriad: Bitcoin next price move? Click to make your prediction.  Spot Bitcoin ETFs added $1.92 billion in net inflows for the week ending August 21, while Ethereum funds took in $697.2 million. Combined, that

2 دن پہلےانڈسٹری

Chain shutdown strips BounceBit token utility after authorization flaw exposes 286M tokens

BounceBit will retire its standalone Layer 1 and reissue BB on BNB Chain after the company said an authorization flaw moved about 286.5 million BB from nine accounts.  Related Asset BounceBit #824 BB · $0.01 24-hour change: up 2.29% Price history is not available. 24H Up 2.29% 7D Down 7.30% 30D Down 42.31%  For holders, the immediate remedy is a 1:1 reconstruction of balances. The larger consequence is unresolved BounceBit token utility: its previous gas, staking, rewards and governance roles belonged to a network that will not return.  BounceBit attributed the incident to protocol-level authorization logic inherited from the Evmos stack. It said the flaw let a caller identify another account as the funding source without the required approval, while private keys, signatures and wallets remained uncompromised. The response ends the network instead of patching and restarting it, making BBs remaining economic role the central question.  A replacement ledger for BounceBit token utility, not a rollback  BounceBit is using block 20,697,260, timestamped 21:02:35 UTC on Aug. 19, as the cutoff for the BEP-20 reissue. Transactions made after that block will not carry over to the replacement ledger.  The retired chain will stay retired. BounceBit is recognizing an earlier account state on a different network, leaving both

2 دن پہلےانڈسٹری

Saylor sat out Bitcoins 20% rally while Tom Lee bought Ethereum after a 30% surge

Bitcoin and Ethereum surged last week as falling Treasury yields, renewed US crypto optimism, and a wave of short liquidations sent digital assets sharply higher.  Related Asset Bitcoin #1 BTC · $79,019.25 24-hour change: up 2.09% 24H Up 2.09% 7D Up 23.36% 30D Up 23.22%  Bitcoin climbed more than 20% and approached $80,000, while Ethereum gained about 30% in its strongest weekly advance since May 2025.  The rally drew fresh $2.6 billion in ETF inflows, forced billions of dollars in bearish positions out of the market, and pushed both assets to multi-month highs.  Interestingly, the breakout produced a sharp split between the companies behind cryptos two largest corporate treasuries.  Related Asset Ethereum ETH · $2,474.72 24-hour change: up 0.88%  Strategy, the largest corporate holder of Bitcoin, used the strength to raise capital without adding to its BTC holdings, while BitMine Immersion Technologies, the largest ETH holding company, continued buying the digital asset into the rally.  Strategy uses the rally to build a $6.7 billion cash buffer  Strategys decision to sit out Bitcoins breakout coincided with one of its largest capital raises, leaving the company with more cash to deploy than at any point in its Bitcoin-buying campaign.  Related Company Strategy Business intelligence software  Between Aug. 17 and Aug. 23, Strategy

2 دن پہلےانڈسٹری
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