Author: NBTC

Hyperliquid, a leading decentralized perpetuals exchange, has burned approximately $4.24 million worth of its native $HYPE token over the past 24 hours. The burn was fueled by roughly $4.4 million in trading fees generated on the platform during the same period, according to data from blockchain analytics firm Onchain Lens. How the Hyperliquid Burn Mechanism Works Hyperliquid uses a deflationary token model where a portion of the platform’s trading fees is used to repurchase and permanently remove $HYPE tokens from circulation. This process reduces the total supply over time, potentially increasing scarcity for remaining holders. The latest burn represents a…

Radosław Piesiewicz, president of the Polish Olympic Committee, has been arrested in an investigation into crypto exchange Zondacrypto, as prosecutors examine whether he received a financial benefit from the crypto boss. Justice Minister and Prosecutor General Waldemar Żurek confirmed the arrest and said further information would follow after Piesiewicz was questioned. Prosecutors have not disclosed any charges at the time of writing, though media outlets suggest Piesiewicz received bribes from the exchange. A joint investigation by Wirtualna Polska and TVN24 alleged that Zondacrypto chief Przemysław Kral gave Piesiewicz a Patek Philippe watch worth about 40,000 euros ($46,600) and other gifts…

On-Chain data show that Machi Big Brother turned $152,000 into $12.72 million in just 3 days on Hyperliquid. The fresh surge in the crypto market has put the exchange’s leveraged perpetuals back in the limelight. Hyperliquid controls a huge portion of trade leverage already. It held a perpetual futures volume of $12.19 billion on August 22 within 24 hours. This is almost 30% of the $40.79 billion volume traded by all perp decentralized exchanges that day. In other words, when a trader handling Machi’s account reports $12 million in profits, the interest is not just on that single wallet. But…

Bitcoin Miners Pocket $1 Billion as Hashprice Finds Relief Bitcoin miners took in $1.001 billion in revenue in August, just the reward alone. Separately, transaction fees accounted for $7.1 million or 0.7044% of the $1.008 billion total collected last month, according to newhedge.io analytics. The network’s hashrate has been humming above 900 exahash per second (EH/s), and the price per output of petahash per second (PH/s), or the hashprice on a daily rate, stands at around $38.86 per PH/s. Meanwhile, bitcoin miners hold 1.92 million $BTC, but according to the amount of bitcoin transferred from miner wallets to external addresses…

Today, all eyes in Bitcoin and altcoins are on the critical FED meeting. While the main scenario expected in the market is that interest rates will remain unchanged, a rate hike is not entirely ruled out. According to CME FedWatchTool, the probability of a 25 basis point increase by the FED in July is priced at 31.5%. While expectations remain mixed, leading cryptocurrency analysis firm K33 Research suggested that the impact of the Fed’s upcoming interest rate decision on Bitcoin may be less significant and more limited compared to previous cycles. The Impact of the FED Decision on Bitcoin May…

Tokenization platform Securitize (SECZ) reported a net loss of $21.7 million in the second quarter, its first earnings report since going public. Revenue fell 5% year-over-year to $14.4 million, missing market expectations. Shares plunged more than 20% in after-hours trading, reaching a record low. First earnings report since listing Securitize, a leading platform for tokenizing real-world assets (RWAs), released its inaugural quarterly earnings as a public company. The results revealed widening losses and a decline in revenue, a combination that rattled investors. The company’s stock dropped sharply after the announcement, underscoring the challenges of monetizing blockchain-based asset tokenization. The $21.7…

$XRP never closes, but its onchain market is increasingly keeping something closer to banker hours. About 23% of the $XRP changing hands on the $XRP Ledger now does so during a three-hour window covering the London afternoon and New York morning, up from roughly 14% a year ago, according to ledger data analysed by treasury firm Evernorth shared with CoinDesk. The window is 12.5% of a full day, so activity inside it now runs at nearly twice the rate it would if trading were spread evenly around the clock. Those three hours are the only stretch when London and New…

Last year, potentially taxable global onchain crypto asset activity surpassed $457 billion, blockchain intelligence company Chainalysis said in its latest report. Out of this sum, $125.1 billion is attributed to European countries, $112.6 billion goes to the U.S., and $21 billion is associated with China, where trading crypto assets onshore is banned. These numbers, which are estimated to be a lower boundary, include gains attributed to centralized and decentralized exchanges; income from mining, staking, lending and gambling; and crypto asset-denominated payments. Meanwhile, when it comes to China, due to the trading ban, it’s hard to estimate total activity by Chinese…

Jump Crypto, the digital asset arm of trading firm Jump Trading, transferred 1,140 Bitcoin—worth approximately $88.98 million—to the Binance exchange within the past hour, according to on-chain data tracked by Whale Alert and corroborated by blockchain analysts. The transaction, which occurred on [date], is one of the largest single transfers from Jump Crypto’s known wallets in recent months, prompting speculation about the firm’s trading strategy and potential market impact. Details of the Transfer Blockchain records show that the Bitcoin originated from a wallet previously linked to Jump Crypto and was sent to a Binance hot wallet. While transfers to exchanges…

Bitcoin, the leading cryptocurrency, entered a bear market after its all-time high of $126,000 in October 2025 and has since fallen by more than 50%. In the ongoing bear market, with $BTC having fallen to levels as low as $57,000, some analyze that the bottom has been reached, while others argue that the bottom will be closer to the $50,000 level. At this point, the latest analysis comes from CryptoQuant, and the analyst stated that the bear market in Bitcoin may be coming to an end and that the ultimate bottom is expected to be at the $51,336 level. A…