Author: NBTC

Hyperliquid has added a new twist to its already sprawling derivatives lineup: $USELESS perpetual contracts, launched with a leverage cap of just 3x. The token itself has no roadmap, no whitepaper and no stated purpose beyond its own self-aware name, yet it just became tradable with leverage on one of crypto’s biggest decentralized exchanges. The listing arrives as traders rotate through smaller altcoins looking for fresh momentum while bigger assets like Bitcoin trade in a comparatively quiet range. Key takeaways Hyperliquid listed $USELESS perpetual contracts with a 3x leverage cap, far below the 50x allowed on Bitcoin perpetuals on the…

Bitcoin’s seven-day average hashrate has fallen to roughly 915.8 EH/s while miner holdings dropped by 1,530 $BTC over one week, according to mining data covering Sept. 20 through Sept. 26. Digital Asset reported that the seven-day moving average stood at 915,844,520 TH/s on Sept. 26, down approximately 34.86 million TH/s from a week earlier. The reading was the lowest since around Sept. 3. During the same period, CryptoQuant data cited by the report placed miner Bitcoin reserves at 1,192,766 $BTC. The balance was 1,530 $BTC lower than seven days earlier. Bitcoin hashrate slips after September recovery The hashrate reading indicates…

Tokenized equities are rapidly transitioning to blockchain, marking a significant shift in how shares are traded. As highlighted by CryptoTwitter commentator Richard Teng, more aspects of the equity lifecycle are moving on-chain, including trading and settlement processes. This evolution not only enhances efficiency but could also reshape market dynamics as access to equity trading expands. For further details, see Teng’s tweet. Inside the Move The broader crypto market currently exhibits mixed signals, with different segments experiencing varying momentum. Tokenized equities, which have seen rapid growth, are now integrating blockchain technology for crucial parts of their lifecycle. This includes trading, settlement,…

A 3% return on Bitcoin can look like a single number on an allocation sheet, even when the economic bargain underneath it is completely different. Stacks said its first institutional Bitcoin Staking bond went live on Sept. 10 with roughly 250 $BTC committed by 21Shares, digital-asset manager HashKey Cloud, Bitcoin-focused investor UTXO Management and Sypher Capital. The six-month Genesis Bond targets about 3% annualized yield paid in $BTC, with the first weekly rewards expected on Sept. 17. The launch packages a miner-funded $BTC reward stream for institutions whose first screens are custody, lockup, and sustainability. The advertised APY shows what…

Strategy has spent recent weeks rebuying 5,553 of the $BTC it sold over the summer. After selling low in the summer and re-buying high this autumn, the opportunity cost of its roundtrip trade exceeds $100 million. Despite years of promises that he’d never sell, Michael Saylor’s company sold 6,948 $BTC between May and August for an average of $62,150 apiece, then repurchased 5,553 coins at an average $80,207. In other words, Strategy ended up with the same 5,553 coins it started with, but spent $445.4 million to replace those it sold for $345.1 million. Its rebuy was 29% more expensive,…

Zcash’s [$ZEC] privacy system has gained a major security boost, as Zcash Labs commits $80,000 to help Ledger integrate Ironwood into their products. This allows users to store their own Zcash with Ironwood, which means that private storage is going to become even more user-friendly as the network transitions from Orchard. Source: X While this may provide a smoother transition and make it easier for the remaining migration, it will also depend on whether users have enough reason to migrate. If so, then the implementation needs to be smooth and seamless among all of the supported hardware. The agreement strengthens…

A new Southern District of New York lawsuit alleges Estée Lauder retail sales in Asia relied on “a pervasive, prohibited gray market resale industry” and prohibited, duty-free resellers called daigou. One stockholder has sued Estée Lauder’s board in Manhattan federal court on Tuesday over the company’s practices in this market. The plaintiff, Portia McCollum, wants to force the directors to repay Estée Lauder for their alleged misconduct. She’s merely seeking to recoup attorney’s fees and legal costs associated with bringing the action, not a traditional monetary judgment in her favor. The complaint alleges the company’s Asian travel-retail sales channel, a…

Polymarket’s monthly trading volume fell to $8.41 billion in August, down about 35% from July’s $12.89 billion, as the post-World Cup rush that drove prediction markets earlier this summer faded. Rival Kalshi barely flinched, closing the month at $38.67 billion, a gap that shows how unevenly the slowdown hit the two biggest platforms in the space. Polymarket’s Volume Cools While Kalshi Holds Steady According to data compiled by The Block, Polymarket’s combined volume, its core platform plus the separate Polymarket US product, ran $13.95 billion in June, dipped modestly to $12.89 billion in July, then dropped to $8.41 billion in…

Stellar is exploring innovative on-chain privacy solutions, drawing attention to confidentiality in blockchain transactions. This discussion, surfaced by the CryptoTwitter commentator @StellarOrg, reveals insights from @OpenZeppelin on maintaining privacy while ensuring transparency. Such developments are critical as they align with growing demands for secure and confidential financial transactions in the crypto space. What Happened The broader crypto market is witnessing a surge in interest around privacy solutions, as highlighted by Stellar’s latest focus on on-chain privacy. The community is buzzing, with the tweet from @StellarOrg garnering notable engagement, including 165 likes and 23 retweets. OpenZeppelin’s expertise in security adds credibility…

The U.S. Treasury bought $5.187 billion of long-dated government bonds on Sept. 10, completing the first operation under its expanded program as Bitcoin investors watched for evidence of easier liquidity. The immediate cross-market readout moved the other way. Treasury’s daily nominal yield curve showed the 10-year yield rising 12 basis points from 4.83% to 4.95%. Its real yield curve, which adjusts the return for expected inflation, showed the 10-year real yield climbing 9 basis points from 2.46% to 2.55%. Higher real yields raise the return hurdle for a non-yielding asset such as Bitcoin. At the same time, U.S. spot Bitcoin…