Author: Ethan Carter

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The native token of the decentralized derivatives exchange Hyperliquid is among the few to have gained in value over the past 24 hours, as crypto entrepreneur Arthur Hayes shared with an audience in Tokyo his expectation of a 126x increase over the next three years.Hyperliquid (HYPE) has seen nearly a 4% increase in the last 24 hours, trading at $45.64 at the time of writing, although it briefly surpassed $47 earlier in the day.Arthur Hayes, co-founder of BitMEX, made this prediction at the WebX 2025 conference in Tokyo on Monday. Hayes stated that the expansion of stablecoins could elevate the…

Certainly! Here’s the rewritten content with the HTML tags kept intact: Bitcoin (BTC) fell below $111,000 during a sudden weekend flash crash triggered by a whale unloading 24,000 BTC, valued at over $300 million at current rates, into a low-liquidity market. The whale transferred the entire amount to Hyperunite, with 12,000 BTC sent only on Sunday, as CoinDesk highlighted earlier on Monday. This action wiped out the gains made following Fed Chair Jerome Powell’s speech on Friday and led to significant forced selling across the market. This abrupt selloff resulted in liquidations totaling $238 million in Bitcoin positions and $216…

Reasons to trust Rigorous editorial guidelines emphasizing precision, relevance, and neutrality Developed by industry specialists and thoroughly vetted Adhering to the highest standards in journalism and publishing Rigorous editorial guidelines emphasizing precision, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Astronomer (@astronomer_zero) claims his long-held bottom thesis on the ETH/BTC pair has materialized, outlining explicit cycle targets tied to the cross. A chart shared on X confirms that the “ETH bottom call” is set, with a roadmap established predominantly around ETH/BTC levels, rather than ETH/USD, asserting…

On August 7, US President Donald Trump signed an executive order that permits crypto in 401(k) retirement plans. The crypto sector views this as a significant step forward, yet investment experts caution that it carries substantial risk.The order titled “Democratizing Access to Alternative Assets for 401(k) Investors” instructs US financial regulators to broaden access to crypto and private enterprises within 401(k) plans.The 401(k) employee-sponsored investment scheme stands as one of the most prominent retirement plans in the US, boasting $8.9 trillion in assets as of 2024. This could represent a massive source of demand for cryptocurrencies, potentially driving prices up…

A wallet address identified by blockchain security experts as the “Coinbase hacker” acquired $8 million in Solana on Sunday, reportedly using funds obtained through illegitimate means. According to Lookonchain, the hacker converted DAI (DAI) into USDC (USDC), subsequently bridging to the Solana network to purchase 38,126 Solana (SOL) near the $209 price point through various transactions. Currently, Solana is priced at $202.15, indicating a paper loss for the hacker since the acquisition. Arkham, a blockchain analytics platform, has flagged this wallet as belonging to the “Coinbase hacker,” while Lookonchain revealed that this wallet is associated with the theft of over…

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin: Powell triggers bearish lower highBitcoin BTC$112,053.82 has pulled back to levels last observed before Federal Reserve Chair Jerome Powell’s dovish comments on Friday, which created expectations for a potential rate cut in September.As of this writing, BTC is trading slightly above $112,000, having reached a high of around $117,440 on Friday. Analysis of the daily chart shows that the retreat from the $117,000 peak has created a lower high near the resistance line defined by the previous bullish trendline originating from the April lows.This lower high…

A wallet address identified by blockchain security analysts as the “Coinbase hacker” purchased $8 million in Solana on Sunday with funds allegedly obtained through illicit means. According to Lookonchain, the hacker exchanged DAI (DAI) for USDC (USDC), then moved to the Solana network and acquired 38,126 Solana (SOL) at approximately $209 through multiple transactions. Currently, Solana is trading at $202.15, indicating that the hacker has incurred a paper loss since the transaction. The blockchain analytics platform Arkham has labeled the wallet address as the “Coinbase hacker,” while Lookonchain asserts that the wallet is tied to the theft of over $300…

Philippine lawmakers are evaluating a proposed bill that would enable the central bank to maintain a strategic reserve of up to 10,000 BTC. Summary House Bill 421 mandates the Philippine central bank to acquire Bitcoin over a span of 5 years. Upon approval, the Philippines would become the first Southeast Asian nation to formalize such a reserve. House Bill 421, known as the Strategic Bitcoin Reserve Act, was introduced to the House of Representatives by Congressman Miguel Luis Villafuerte. He described Bitcoin as a “strategic asset” to enhance the Philippines’ financial security. Villafuerte’s initiative proposes a sovereign Bitcoin reserve that…

Summary FTSE Russell’s update in September has promoted the company from small-cap to mid-cap classification. Eric Trump, serving as a strategic adviser since March, is set to participate in the upcoming shareholder meeting in Tokyo. Analysts informed Decrypt that the inclusion will direct passive investment flows into a Bitcoin-centric balance sheet, albeit with associated risks. Metaplanet, a hotel group listed in Tokyo that has transformed itself into Asia’s predominant Bitcoin treasury firm over the past year, will be added to the FTSE Japan Index, further integrating the largest digital asset into conventional equity portfolios.This change was confirmed in an announcement…